Financial year ended on a good note for the mutual fund industry. The quarterly average AUM of the MF industry has grown by 8% in the last quarter of the FY 2016-17 compared to the preceding quarter, shows the latest AMFI data.
SBI Mutual Fund saw the highest growth in its AUM in absolute terms. The fund house has added over Rs.16,000 crore to its kitty to reach 1.57 lakh crore AUM in March 2017 as against Rs.1.41 lakh crore in December 2016, a growth of 11%.
HDFC Mutual Fund and Reliance Mutual Fund closely follow SBI in terms of AUM growth in absolute terms. Both the fund houses added over Rs.15,000 crore to their AUM kitty.
In terms of size, fund houses like ICICI Prudential, HDFC, Reliance and Birla Sun Life still rule the roost with the highest recorded AUM for the last quarter at Rs.2.43 lakh crore, Rs.2.37 lakh crore, Rs. 2.11 lakh crore and Rs.1.95 lakh crore respectively.
In terms of percentage, emerging fund houses like Mahindra, IIFL and BOI AXA have recorded growth of 37%, 33% and 23% respectively, largely on account of small base.
Experts believe that the growth is largely due to sustained inflows in equity funds through SIP and mark to market gain. While fund houses have been receiving close to Rs.4000 crore each month through SIP, BSE Sensex has gained 11% in the last quarter of FY 2015-16.
On the basis of absolute change (in Rs. lakh crore)
|
AMC |
Jan 17 to Mar 17 |
Oct16 to Dec16 |
Absolute change (in 000’) |
Change % |
|
SBI Mutual Fund |
1.57 |
1.41 |
16028 |
11% |
|
HDFC Mutual Fund |
2.37 |
2.21 |
15353 |
7% |
|
Reliance Mutual Fund |
2.11 |
1.95 |
15045 |
8% |
|
ICICI Prudential Mutual Fund |
2.43 |
2.28 |
14972 |
7% |
|
Birla Sun Life Mutual Fund |
1.95 |
1.81 |
14240 |
8% |
|
Kotak Mahindra Mutual Fund |
0.92 |
0.82 |
10081 |
12% |
|
Axis Mutual Fund |
0.58 |
0.49 |
8419 |
17% |
|
UTI Mutual Fund |
1.37 |
1.29 |
7420 |
6% |
|
Franklin Templeton Mutual Fund |
0.82 |
0.76 |
5832 |
8% |
|
DSP BlackRock Mutual Fund |
0.64 |
0.58 |
5819 |
10% |
AMCs with highest AUM in Jan to March
|
AMC |
Jan 17 to Mar 17 |
Oct16 to Dec16 |
Absolute change (in 000’) |
Change % |
|
ICICI Prudential Mutual Fund |
2.43 |
2.28 |
14972 |
7% |
|
HDFC Mutual Fund |
2.37 |
2.22 |
15353 |
7% |
|
Reliance Mutual Fund |
2.11 |
1.96 |
15045 |
8% |
|
Birla Sun Life Mutual Fund |
1.95 |
1.81 |
14240 |
8% |
|
SBI Mutual Fund |
1.57 |
1.41 |
16028 |
11% |
|
UTI Mutual Fund |
1.37 |
1.29 |
7420 |
6% |
|
Kotak Mahindra Mutual Fund |
0.92 |
0.82 |
10081 |
12% |
|
Franklin Templeton Mutual Fund |
0.82 |
0.76 |
5832 |
8% |
|
DSP BlackRock Mutual Fund |
0.64 |
0.58 |
5819 |
10% |
|
IDFC Mutual Fund |
0.61 |
0.58 |
2638 |
5% |
AUM change on the basis of percentage
|
AMC |
Jan 17 to Mar 17 |
Oct16 to Dec16 |
Absolute Change |
Change % |
|
Mahindra Mutual Fund |
0.02 |
0.01 |
538 |
37% |
|
IIFL Mutual Fund |
0.006 |
0.004 |
141 |
33% |
|
BOI AXA Mutual Fund |
0.03 |
0.03 |
656 |
23% |
|
LIC Mutual Fund |
0.21 |
0.18 |
3453 |
19% |
|
Mirae Asset Mutual Fund |
0.074 |
0.06 |
1113 |
18% |
|
Axis Mutual Fund |
0.57 |
0.49 |
8419 |
17% |
|
Motilal Oswal Mutual Fund |
0.08 |
0.07 |
983 |
14% |
|
Kotak Mahindra Mutual Fund |
0.92 |
0.82 |
10081 |
12% |
|
L&T Mutual Fund |
0.39 |
0.35 |
4108 |
12% |
|
Union Mutual Fund |
0.03 |
0.03 |
360 |
12% |
|
Peerless Mutual Fund |
0.01 |
0.009 |
116 |
12% |
|
Quantum Mutual Fund |
0.009 |
0.008 |
104 |
12% |
