UTI, ICICI Prudential and Kotak record highest AAUM growth in September quarter

UTI Mutual Fund has become the fifth fund house to cross Rs. 1 lakh crore assets under management mark. The fund house has recorded the highest growth in average AUM in absolute terms in September quarter. Its AAUM went up by Rs.11347 crore from Rs.92730 crore in June 2015 to Rs.1.04 lakh crore September 2015, shows the latest AMFI data.

Currently, four other fund houses - HDFC, Reliance, ICICI Prudential and Birla Sun Life have AUM of over Rs.1 lakh crore AUM.

ICICI Prudential was the second highest AAUM gainer. Its AAUM went up from Rs.1.55 lakh crore to Rs.1.64 lakh crore during the same period, a growth of Rs.9107 crore.

The third larger gainer was Kotak. Its AAUM went up by 8434 crore from Rs.48077 crore in June to Rs.56511 crore in September.

HDFC Mutual Fund held on to mantle of being the largest fund house by AAUM. Its AAUM stood at Rs. 1.70 lakh crore in September 2015. ICICI Prudential was the second largest player with AAUM of Rs. 1.64 lakh crore, followed by Reliance at Rs. 1.52 lakh crore.

In terms of percentage, DWS MF recorded the highest growth of 22% in its assets. Its AUM went up to Rs.25329 crore in September from Rs.20720 crore.

Among the top 15 AMCs, all the players recorded a growth in their assets. These players collectively manage Rs. 11.75 lakh crore (89%) of industry’s total Rs. 13.15 lakh crore assets.

All in all, only four AMCs saw a marginal dip in their AUM. The AAUM numbers of PPFAS, Escorts and SREI were not available yet. The industry’s AAUM increased by Rs. 87,239 crore in September quarter to touch Rs. 13.15 lakh crore in September from Rs. 12.29 lakh crore in June.

The growth in AAUM can be partly attributed to the revival of interest of investors in equity markets and good performance of MF schemes compared to other asset classes.

AAUM of top 15 fund houses as on September quarter

Source:AMFI