HDFC Mutual Fund manages the highest retail AUM of Rs.66,000 crore as on September 2017, shows the data collated from AMC websites. The retail AUM of the fund house increased by Rs.17,657 crore from Rs.48,262 crore in September 2016, a growth of 36%.
The fund house manages total AUM of Rs.2.70 lakh crore as on September 2017. This indicates that 24% of its AUM has come from the retail investors. This is marginally higher than the industry average of retail participation of 23%.
Vinod Jain of Jain Investments points out that brand name of the fund house has helped them garner retail assets. “HDFC Mutual Fund has been around for quite some time. Many investors prefer investing with the fund house having established track record and big name,” he says.
Almost 91% of total retail assets or Rs.60,000 crore is in equity funds. HDFC has the highest equity AUM of Rs.1.24 lakh crore.
Reliance Mutual Fund follows HDFC Mutual Fund. The retail AUM of the fund house stood at Rs.63,650 crore in September 2017. It increased by Rs.20,781 crore in the past one year from Rs.42,870 crore.
Sundeep Sikka, CEO, Reliance Mutual Fund said that the fund house aims to increase retail AUM by reaching out to investors in B15 cities. In fact, the company is in a process of opening up additional 330 branches across the country to increase its distribution network. Currently, Reliance Mutual Fund has 177 branch offices.
UTI Mutual Fund is at no. 3 position, a reflection of its vast reach in the hinterland which is predominantly retail. India’s largest fund house by assets, ICICI Prudential stood at fourth position in terms of retail AUM. The retail assets of the fund house was at Rs.48,250 crore in September 2017.
In percentage terms, DSP BlackRock Mutual Fund witnessed the highest growth in retail AUM. Retail AUM increased to Rs.19,877 crore from Rs.12,419 crore last year, a growth of 60%.
Among the top ten fund houses, Aditya Birla Sun Life Mutual Fund and Kotak Mahindra Mutual Fund recorded impressive growth of 59% in their retail AUM.
Retail AUM of the top 10 fund houses
|
Name of the fund house |
Retail AUM as on September 2017 |
Retail AUM as on September 2016(Rs.crore) |
Change% |
|
|
(Rs.crore) |
||||
|
HDFC Mutual Fund |
65,919 |
48,262 |
36 |
|
|
Reliance Mutual Fund |
63,651 |
42,870 |
48 |
|
|
UTI MF |
51,194 |
41,582 |
23 |
|
|
ICICI MF |
48,250 |
34,614 |
39 |
|
|
SBI MF |
38,112 |
25,538 |
49 |
|
|
Aditya Birla Sun Life MF |
37,523 |
23,539 |
59 |
|
|
Franklin Templeton MF |
31,489 |
23,861 |
32 |
|
|
Axis MF |
21,735 |
14,787 |
47 |
|
|
DSP BlackRock MF |
19,877 |
12,419 |
60 |
|
|
Kotak Mahindra MF |
8,638 |
5,433 |
59 |
Source: amc websites
