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MF News Top 20 fund houses manage 96% of industry AUM

Top 20 fund houses manage 96% of industry AUM

Overall, the industry has seen modest growth of 2% in the last quarter.
Shreeta Rege Jul 5, 2018

Top 20 fund houses account for 96% of industry AUM. AMFI’s latest data shows that these fund houses manage over Rs.22 lakh crore as on June 2018 against the total quarterly AUM of Rs.23.40 lakh crore as on June 2018.

In absolute terms, SBI Mutual Fund recorded an impressive growth of 7% by adding Rs.15,464 crore in assets in April-June 2018. HDFC Mutual Fund and ICICI Prudential Mutual Fund followed SBI Mutual Fund by collecting Rs.6,292 crore and Rs.4,427 crore, respectively in April-June 2018.    

In percentage terms, IIFL Mutual Fund, Mirae Asset Mutual Fund and Mahindra Mutual Fund recorded healthy growth in April-June 2018. IIFL Mutual Fund lead the pack by registering growth of 59% followed by Mirae Asset Mutual Fund (22%) and Mahindra Mutual Fund (18%), largely due to low base effect.

However, 15 fund houses recorded a decline in their quarterly AUM. Reliance Mutual Fund saw its AUM declining by Rs. 4,459 crore last quarter. Similarly, JM Financial Mutual Fund and Indiabulls Mutual Fund recorded decline of Rs.4,292 crore and Rs.2,722 crore, respectively.

Overall, the quarterly AUM of the industry grew at a modest pace of 2%. However, the silver lining is that the quarterly AUM touched Rs.23 lakh crore again.

NS Venkatesh, CEO, AMFI said, ‘’The mutual fund industry’s quarterly average AUM for the quarter ended June 30, 2018 stands at Rs.23.40 trillion. This represents a growth of 20% year-on-year (Quarterly AAUM as on June 30, 2017 was Rs.19.52 trillion) and 28% growth as compared to March 2017 (Quarterly AAUM as on March 30, 2017 was Rs. 18.30 trillion. We are confident that mutual funds will continue to see strong inflows, despite the recent volatility. Inflows through the SIP from retail investors and flows from B30 cities, continue to remain robust. Finally, ‘Mutual Funds Sahi Hai’, the investor awareness campaign being run by AMFI under guidance from SEBI, has generated a lot of interest among potential investors, who are now looking at mutual funds as a preferred investment option.’’

Quarterly AUM as on June 2018

Mutual funds

Quarterly AUM as on June 2018 (Rs. Crs.)

Quarterly AUM as on March 2018 (Rs. Crs.)

Difference (Rs. Crs.)

Change %

ICICI Prudential Mutual Fund

310166

305739

4427

1%

HDFC Mutual Fund

306841

300549

6292

2%

Aditya Birla Sun Life Mutual Fund

249270

247530

1740

1%

Reliance Mutual Fund

240445

244904

-4459

-2%

SBI Mutual Fund

233114

217650

15464

7%

UTI Mutual Fund

153183

154940

-1757

-1%

Kotak Mahindra Mutual Fund

127635

124691

2944

2%

Franklin Templeton Mutual Fund

104416

103152

1264

1%

DSP BlackRock Mutual Fund

89404

86326

3078

4%

Axis Mutual Fund

79201

77325

1876

2%

L&T Mutual Fund

71118

65932

5186

8%

IDFC Mutual Fund

69591

69919

-328

0%

Tata Mutual Fund

49221

46977

2244

5%

Sundaram Mutual Fund

32789

34306

-1517

-4%

Invesco Mutual Fund

24919

26203

-1284

-5%

DHFL Pramerica Mutual Fund

23137

23595

-458

-2%

LIC Mutual Fund

20411

20118

293

1%

Motilal Oswal Mutual Fund

19264

17736

1528

9%

Mirae Asset Mutual Fund

19178

15756

3422

22%

Canara Robeco Mutual Fund

13334

12496

838

7%

Edelweiss Mutual Fund

12502

12100

402

3%

Baroda Pioneer Mutual Fund

12240

13022

-782

-6%

JM Financial Mutual Fund

12073

16365

-4292

-26%

HSBC Mutual Fund

10622

10261

361

4%

IDBI Mutual Fund

10540

10760

-220

-2%

BNP Paribas Mutual Fund

8060

8159

-99

-1%

Indiabulls Mutual Fund

7992

10714

-2722

-25%

PRINCIPAL Mutual Fund

7418

7196

222

3%

BOI AXA Mutual Fund

5692

5802

-110

-2%

Union Mutual Fund

4433

4305

128

3%

Mahindra Mutual Fund

3961

3368

593

18%

Essel Mutual Fund

1790

1540

250

16%

IL&FS Mutual Fund (IDF)

1473

1274

199

16%

IIFL Mutual Fund

1257

793

464

59%

Quantum Mutual Fund

1209

1203

6

1%

PPFAS Mutual Fund

1099

1010

89

9%

IIFCL Mutual Fund (IDF)

646

650

-4

-1%

Taurus Mutual Fund

452

509

-57

-11%

Quant Mutual Fund

176

NA

   

Sahara Mutual Fund

59

64

-5

-7%

Shriram Mutual Fund

47

43

4

10%

SREI Mutual Fund (IDF)

0

0

   

Escorts Mutual Fund

NA

231

   

Grand Total

2340377

2305216

35161

2%

Source: AMFI

 
1 Comment
P Raghavan · 2 weeks ago
The Statistics published is appreciated. What is the Underlying principle of this story? Not able to uder stand. One side, Economic Times publish a picture of healthy increase in increase in MF fund increases, yet never give any credit to IFAs, who have been responsible to increase the base of investors, and yet on the other side "Silent Advertisement" for "Direct" investment, depriving the unemployed, yet looking ahead for a healthy growth in MF business to get themselves employed to see that they are actively employed for life.
This year Govt had introduced 10% Dividend Distribution Tax on Dividends distributed by Fund houses, yet a representative body or media could publish a realistic story(Reality!) of actual contribution from fund houses to Govt. kitty?
This could have initiated a discussion and dialogue with Govt. to bring down the burden of Tax and needy public to get slightly higher tax free return on their investment and indirectly helped Mutual Funds to increase their investment Base.

WHY AMFI is silent on these statistics?
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