The fourth largest fund house in terms of AUM, Birla Sun Life has received highest net inflows of close to Rs.40,000 crore in April-December 2016, shows the latest SEBI data. The inflows increased by 202 % or by Rs.26,609 crore compared to the corresponding period last year.
HDFC Mutual Fund closely followed Birla Sun Life MF with inflows Rs.37,619 crore in April-December 2016, an increase of Rs.23,256 crore or 162% in a year.
In terms of percentage, DHFL Pramerica Mutual Fund witnessed the highest growth. The fund house net inflows grew from just Rs.19 crore to Rs.1500 crore in April-December 2016. “Last year has been a year of transformation. During this time, DHFL Pramerica AMC acquired Deutsche’s Indian asset management business after which we have started building our business. As our capability expanded post the acquisition, clients have put faith on us. We have received great cooperation from our distributors and clients which have led to higher inflows,” said Suresh Soni, CEO of DHFL Pramerica Mutual Fund.
SEBI data shows that top ten fund houses in terms of AUM witnessed inflows during April-December 2016. Other than that, Invesco Mutual Fund and BOI AXA Mutual Fund also witnessed a substantial rise in inflows.
Emerging fund houses witnessed net outflows in April-December 2016 with Edelweiss MF and Taurus MF recording the highest net outflows among emerging fund houses.
Edelweiss Mutual Fund saw an outflow of Rs.1,049 crore during Apr-Dec, which led to a 227.46% decline in the net inflows from the previous year. Edelweiss MF acquired JP Morgan MF last year.
Taurus Mutual Fund saw outflow of Rs.985 crore. “We were a debt-oriented fund house. We have been going slow on the debt side and hence there have net outflows from the debt side. We are now focused on equity and retail business,” said Waqar Naqvi, CEO, Taurus Mutual Fund.
PPFAS Mutual Fund, IIFL Mutual Fund, HSBC Mutual Fund, Shriram Mutual Fund, and Sahara Mutual Fund were the other emerging fund houses that witnessed outflows during the same period.
On the basis of absolute change (in Rs. crore)
|
AMC |
Apr 15 to Dec 15 |
Apr 16 to Dec 16 |
Absolute change |
Change % |
|
Birla Sun Life Mutual Fund |
13,165 |
39,774 |
26,609 |
202.12% |
|
HDFC Mutual Fund |
14,363 |
37,619 |
23,256 |
161.92% |
|
ICICI Prudential Mutual Fund |
21,391 |
42,506 |
21,115 |
98.71% |
|
SBI Mutual Fund |
20,752 |
35,777 |
15,025 |
72.40% |
|
DSP BlackRock Mutual Fund |
4,043 |
18,122 |
14,079 |
348.23% |
|
Kotak Mahindra Mutual Fund |
12,893 |
23,638 |
10,745 |
83.34% |
|
Reliance Mutual Fund |
18,586 |
28,029 |
9,443 |
50.81% |
|
IDFC Mutual Fund |
-1,135 |
5,494 |
6,629 |
584.05% |
|
L&T Mutual Fund |
1,978 |
7,657 |
5,679 |
287.11% |
|
Franklin Templeton Mutual Fund |
594 |
6,137 |
5,543 |
933.16% |
Source: SEBI
