IDFC, Deutsche and HDFC buck the trend in FY12, record highest gain in AUM

19 AMCs add Rs. 23,480 crore in assets, despite a falling market and increased redemptions

The mutual fund industry has seen consolidated AUM dropping by Rs. 39,405 crore over the last fiscal from Rs. 7 lakh crore to Rs. 6.64 lakh crore as on March 2012. A total of 22 AMCs shed Rs. 62,889 crore in assets. But a few major players have managed to report a good performance.

IDFC, Deutsche and HDFC were the biggest gainers. IDFC gained the most (Rs. 4,158 crore added to its kitty, AUM up from Rs. 21,292 crore to Rs. 25,450 crore as on March 2012). Deutsche was the second biggest gainer (Rs. 3,958 crore) and HDFC MF was the third largest gainer, it added Rs. 3,597 crore.

In the same period, the BSE Sensex shed 9% from 19,136 points to 17,404. 

Baroda Pioneer and Taurus also saw their assets bulge by Rs. 1,606 crore and Rs. 1,184 crore respectively. IDBI Mutual Fund, which launched its AMC business in March 2010, recorded the fifth largest growth in assets. Its AUM went up from Rs. 3,528 crore in March 2011 to Rs. 5,482 crore in March 2012.

TOP FIVE GAINERS

(This is the first part of a two-part series. The second part will examine why a few houses have managed to post good growth in a declining market).