29 AMCs lose Rs. 23,335 crore in Jan-March quarter while 15 AMCs add Rs. 6451 crore to their kitty.
HDFC Mutual Fund held on to its top rank by adding Rs. 1251 crore in January – March quarter while its closest rival Reliance Mutual Fund which had once crossed Rs. 1 lakh crore AUM in June 2011 lost Rs. 4194 crore assets, as per the latest AMFI data. 6 out of the top 10 fund houses registered a dip in their assets.
The industry’s assets under management fell 2% or Rs. 16,884 crore from Rs. 6.81 lakh crore in December 2011 to Rs. 6.64 lakh crore in March 2012. The BSE Sensex on the other hand gained 12% from January to March.
Birla SunLife, UTI, and SBI were among the gainers, adding Rs.765 crore, Rs. 1105 crore and Rs. 490 crore respectively. UTI raised money mainly from FMPs in February and March which helped push up its AUM after it was allowed to launch funds by SEBI.
Recent entrants like India Infoline and Indiabulls AMC saw their assets grow by Rs. 47 crore and Rs. 630 crore respectively. Among the smaller fund houses, Mirae, Union KBC, Quantum, Escorts, MotilalOswal, Sahara and Principal registered a growth in their assets. .Axis also added Rs. 217 crore to its kitty which took its AUM to Rs. 8815 crore.
Top 10 AMCs
|
AMC |
AAUM as on Jan-Mar 2012 |
AAUM as on Oct-Dec 2011 |
% Change |
|
HDFC |
89879 |
88628 |
1% |
|
Reliance |
78112 |
82306 |
-5% |
|
ICICI Prudential |
68718 |
69368 |
-1% |
|
Birla Sun Life |
61143 |
60377 |
1% |
|
UTI |
58922 |
57817 |
2% |
|
SBI |
42042 |
41552 |
1% |
|
Franklin Templeton |
34493 |
35642 |
-3% |
|
DSP BlackRock |
29298 |
30565 |
-4% |
|
Kotak Mahindra |
25738 |
29738 |
-13% |
|
IDFC |
25450 |
26476 |
-4% |
