The top nine fund houses recorded a
combined net profit of Rs 979 crore as against Rs 931 crore the previous year.
The top nine AMCs
(excluding Franklin Templeton) have recorded a combined profit growth of 5% in
FY12 at Rs 979 crore as against Rs 931 crore the previous year. Six out of the
top ten fund houses saw an increase in their profitability. Franklin
Templeton’s results were not available yet as it follows an October - September
year for its financial results.
held its mantle as the industry’s most profitable fund house. It posted a 6%
increase in its net profit from Rs 261 crore in FY11 to Rs 276 crore in FY12 even
while its AUM fell from Rs 1.01 lakh crore in FY11 to Rs 78,112
crore in FY12.
AMCs saw an increase in their fixed income assets, especially in FMPs. The
industry saw some positive inflows in equity in between but the trend was
largely negative. Some of the large AMCs have kept up the momentum in gathering
assets,” says Dhruva Raj Chatterji, Senior Research
Analyst, Morningstar India.
HDFC AMC recorded
the second highest profits. Its net profit increased
11% from Rs 242 crore in FY11 to Rs 269 crore in FY12.
IDFC MF swung
back to profitability by clocking a net profit of Rs 10 crore as against a net loss
of Rs 3 crore the previous year. This was due to an increase in its assets and a
marginal drop in expenses. Its AUM went up from Rs 21,851
crore in March 2011 to Rs 25,450 crore in March 2012 while its expenses dropped
by 1%. It had earlier posted
a net profit of Rs 2 crore in 2009-10.
of ICICI Prudential rose from Rs 72 crore in FY11 to Rs 88 crore in FY12. DSP BlackRock’s profits grew from Rs 47 crore in FY11 to Rs
50 crore in FY12. Kotak’s PAT too increased from Rs 11 crore in FY11 to Rs 14
crore in FY12.
Birla Sun Life and SBI recorded a dip in their profits.
Net profit of top 10 AMCs\