Despite volatility in key market indices, the quarterly assets under management (AUM) of the mutual fund industry touched an all-time high of Rs.21 lakh crore in the second quarter of FY 2017-18. AMFI’s latest data shows that quarterly AUM of the MF industry has reached Rs.20.95 lakh crore in the quarter ended September 2017.
The quarterly average AUM of the MF industry grew by 7% in September 2017 compared to the preceding quarter. In just three months, the quarterly assets of the mutual fund industry has reached an all-time high from Rs19.52 lakh crore in June 2017, a growth of over Rs1.43 lakh crore.
Quarterly AUM is the average assets of the entire quarter, which is calculated by factoring in all working days of three months.
L&T Mutual Fund crossed the milestone AUM of Rs.50,000 crore in the second quarter of FY 2017-18. The fund house added close to Rs.8,265 crore to its kitty to reach Rs.52,750 lakh crore AUM in September 2017 as against Rs.44,484 crore in June 2017, a growth of 19%.
In terms of size, fund houses like ICICI Prudential, HDFC, Reliance and Birla Sun Life, are still at the top, with the highest recorded AUM for the last quarter at Rs2.79 lakh crore, Rs2.70 lakh crore, Rs2.31 lakh crore and Rs2.25 lakh crore, respectively.
However, in absolute terms, the fifth largest fund house SBI MF saw highest AUM growth of Rs.19,241 crore to reach 1.88 lakh crore in September 2017. The fund house saw 11% increase in its quarterly AUM.
Other large fund houses such as ICICI Prudential Mutual Fund and Birla Sun Life Mutual Fund also witnessed healthy AUM growth in absolute terms. These fund houses added over Rs18,000 crore to their AUM kitty.
In terms of percentage, emerging fund houses like IDBI, Motilal Oswal and Mirae Asset have recorded growth of 31%, 25% and 20%, respectively.
Experts believe that the growth is largely due to sustained inflows in equity funds through SIPs and market gains. While fund houses have been receiving close to Rs.5,000 crore each month through SIP, BSE Sensex crossed the 31,000 mark in the second quarter of FY 2017-18.
Of 39 AMCs, only four fund houses –DHFL Pramerica, IIFL, Sahara and Taurus – witnessed a decline in their quarterly AUM.
|
Fund houses |
Quarterly AUM as on September 2017 |
Quarterly AUM as on June 2017 |
Difference |
Change in % |
|
ICICI Prudential Mutual Fund |
279066 |
260225 |
18841 |
7% |
|
HDFC Mutual Fund |
269781 |
253044 |
16737 |
7% |
|
Reliance Mutual Fund |
231425 |
222963 |
8462 |
4% |
|
Aditya Birla Sun Life Mutual Fund |
224650 |
205715 |
18935 |
9% |
|
SBI Mutual Fund |
188030 |
168816 |
19214 |
11% |
|
UTI Mutual Fund |
150669 |
145340 |
5329 |
4% |
|
Kotak Mahindra Mutual Fund |
110630 |
101196 |
9434 |
9% |
|
Franklin Templeton Mutual Fund |
94747 |
90619 |
4128 |
5% |
|
DSP BlackRock Mutual Fund |
77819 |
70991 |
6828 |
10% |
|
Axis Mutual Fund |
69088 |
63599 |
5489 |
9% |
|
IDFC Mutual Fund |
66361 |
61361 |
5000 |
8% |
|
L&T Mutual Fund |
52749 |
44484 |
8265 |
19% |
|
Tata Mutual Fund |
44897 |
42147 |
2750 |
7% |
|
Sundaram Mutual Fund |
33150 |
32178 |
972 |
3% |
|
DHFL Pramerica Mutual Fund |
25191 |
25720 |
-529 |
-2% |
|
Invesco Mutual Fund |
25167 |
24256 |
911 |
4% |
|
LIC Mutual Fund |
22871 |
22514 |
357 |
2% |
|
JM Financial Mutual Fund |
13952 |
12319 |
1633 |
13% |
|
Motilal Oswal Mutual Fund |
12967 |
10373 |
2594 |
25% |
|
Canara Robeco Mutual Fund |
11845 |
10754 |
1091 |
10% |
|
Baroda Pioneer Mutual Fund |
11138 |
10764 |
374 |
3% |
|
Mirae Asset Mutual Fund |
11044 |
9201 |
1843 |
20% |
|
Indiabulls Mutual Fund |
10577 |
10071 |
506 |
5% |
|
HSBC Mutual Fund |
10179 |
9316 |
863 |
9% |
|
IDBI Mutual Fund |
9530 |
7296 |
2234 |
31% |
|
Edelweiss Mutual Fund |
8129 |
7272 |
857 |
12% |
|
BNP Paribas Mutual Fund |
6680 |
6477 |
203 |
3% |
|
PRINCIPAL Mutual Fund |
5826 |
5445 |
381 |
7% |
|
BOI AXA Mutual Fund |
4325 |
4014 |
311 |
8% |
|
Union Mutual Fund |
3811 |
3767 |
44 |
1% |
|
Mahindra Mutual Fund |
2241 |
2105 |
136 |
6% |
|
Quantum Mutual Fund |
1124 |
1066 |
58 |
5% |
|
Peerless Mutual Fund |
980 |
955 |
25 |
3% |
|
PPFAS Mutual Fund |
821 |
760 |
61 |
8% |
|
IIFL Mutual Fund |
754 |
820 |
-66 |
-8% |
|
Taurus Mutual Fund |
575 |
583 |
-8 |
-1% |
|
Sahara Mutual Fund |
66 |
67 |
-1 |
-1% |
|
Shriram Mutual Fund |
43 |
42 |
1 |
2% |
|
Total |
2094605 |
1951891 |
142714 |
7% |
Source:AMFI
