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HDFC MF retains the top position in equity AUM

The fund house manages an equity AUM of Rs.1.24 lakh crore as on September 2017.
Padmaja Choudhury Oct 10, 2017

HDFC Mutual Fund continues to be the top player in equity AUM. The fund house manages a quarterly AUM of Rs.1.24 lakh crore in equity funds as on September 2017, shows the data collated from the AMCs website.

We have included pure equity funds, balanced funds, ELSS and other ETFs in equity funds.

Of the total AUM of Rs.2.70 lakh crore, HDFC MF manages 46% of the assets in equity funds. Equity AUM of the fund house has increased by over 58% from Rs.78,511 crore in September 2016 to Rs.1.24 lakh crore in September 2017. The fund house manages Rs.79,413 crore in pure equity funds.

ICICI Prudential Mutual Fund, which currently manages the largest AUM in the industry, stood at the second position with equity AUM of Rs.1.16 lakh crore. Its equity AUM increased by 56% from Rs. 74,551 crore in the quarter ended September 2016.

SBI MF has overtaken Reliance MF to become the third largest fund house in terms of equity AUM. The total equity AUM of the fund house stood at Rs.93,891 crore in September. Its equity AUM increased by 88% or Rs.44,051 crore  in the last one year making the fund house one of the fastest growing fund houses. The growth in its equity AUM is largely due to contribution from EPFO in ETFs.

While the fund house manages Rs.40,052 crore or 43% of total equity AUM in pure equity funds, its AUM in ETFs is Rs.32,000 crore or 32% of total equity AUM.

In terms of percentage, Kotak Mahindra Mutual Fund recorded highest growth in its equity AUM. The fund house witnessed a 102% growth in total equity AUM from Rs.18,255 crore to Rs.36,892 crore in the last one year. Its AUM in pure equity funds witnessed an increase of 94% to 29,830 crore in September.    

Pankaj Tibrewal, Fund Manager (Equity), Kotak Mahindra Mutual Fund attributes this growth to fund performance. “Our schemes have been performing quite well from the last two years, encouraging many investors to put faith in us. Thanks to our distribution network both in T15 as well as B15 cities, we have seen growth in our equity AUM,” says Pankaj.

Overall, the total equity AUM of the top 10 fund houses stood at Rs.6.80 lakh crore as on September 2017. This shows that the top 10 fund houses account for nearly 80% of the total equity AUM in the industry. The total equity AUM of the industry stood at Rs.8.50 lakh crore in September 2017. 

Fund houses earn from the total expense ratio charged on schemes. Equity funds, which charge higher expenses as compared to debt funds, are more profitable for fund houses. Equity fund including ELSS, balanced funds and ETFs, saw net inflows of Rs.82,047 crore from July to September, which helped AMCs grow their PAT.

 

Fund House

AAUM as on September 30, 2017 (in Cr.)

AAUM as on September 30, 2016 (in Cr.)

Percentage increase

HDFC Mutual Fund

1,24,186

78,511

58%

ICICI Prudential Mutual Fund

1,16,540

74,551

56%

SBI Mutual Fund

93,891

49,840

88%

Reliance Mutual Fund

82,528

54,237

52%

Aditya Birla Sun Life Mutual Fund

68,738

40,978

68%

Franklin Templeton Mutual Fund

50,867

39,666

28%

UTI Mutual Fund

46,063

36,883

25%

Kotak Mahindra Mutual Fund

36,893

18,255

102%

DSP BlackRock Mutual Fund

34,668

19,936

74%

Axis Mutual Fund

25,825

16,444

57%

Total

6,80,200

4,29,301

58%

 

Source: Company disclosure

 

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