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16 small AMCs show 30% average growth in their AUM in July-September quarter while nine large fund houses lose Rs. 56,997 crore AAUM
Mumbai: According to the latest AMFI data, industry’s AAUM fell 4% to Rs. 7.17 lakh crore from Rs. 7.47 lakh crore in the previous quarter. In a curious turn of events, some of the small AMCs added assets while 9 out of the top 10 AMCs lost assets.
16 small and mid-sized AMCs have added a sum of Rs. 6,109 crore in their coffers during July-September quarter. On the other hand, the country’s nine largest fund houses together lost Rs. 56,997 crore. The other 11 small fund houses lost Rs. 7,958 crore in AAUM during July-Sep. Data on Motilal Oswal Mutual Fund was not available yet. The BSE Sensex has lost 11% during the same period.
Vikaas Sachdeva, CEO of Edelweiss AMC attributes this gain to the ability of small fund houses to expand their markets and the product value proposition offered by them to investors
Among the top 10 fund houses, DSP BlackRock AMC recorded a small Rs. 62 crore growth in its AAUM in July-September.
Deutsche Mutual Fund showed the highest growth in its corpus at Rs. 1,677 crore which pushed up its AAUM to Rs. 12,761 crore. This was followed by JPMorgan Mutual Fund which added Rs. 1,024 crore, taking its AAUM to Rs. 4,748 crore from Rs. 3,724 crore in the previous quarter.
Reliance MF and UTI MF lost the maximum AAUM amongst the larger fund houses at Rs. 9,909 crore and Rs. 6,525 crore respectively. The highest percentage growth was recorded by Union KBC MF followed by Edelweiss Mutual Fund.
Small names big gains
|
Fund House |
July-September (Rs. Cr) |
April-June (Rs. Cr) |
Percentage Wise Growth |
|
Union KBC |
869 |
298 |
191% |
|
Edelweiss |
447 |
258 |
73% |
|
Sahara |
456 |
265 |
72% |
|
JPMorgan |
4748 |
3724 |
27% |
|
Daiwa Mutual Fund |
789 |
665 |
19% |
|
ING |
1406 |
1215 |
16% |
|
Deutsche |
12761 |
11084 |
15% |
|
Peerless |
5608 |
4908 |
14% |
|
Quantum |
161 |
142 |
14% |
|
JM Financial |
6468 |
5850 |
11% |
|
Taurus |
5367 |
5021 |
7% |
|
Goldman Sachs |
4358 |
4115 |
6% |
|
Mirae Asset |
447 |
425 |
5% |
|
HSBC |
4952 |
4855 |
2% |
|
Axis |
7545 |
7453 |
1% |
|
AIG Global Investment Group |
723 |
716 |
1% |
|