FY 2017-18 ended on a high note for the Rs.23 trillion mutual fund industry. AMFI quarterly data shows that the industry has recorded a phenomenal growth of 46% in its quarterly AUM.
The assets went up from Rs.18.31 lakh crore in March 2017 to Rs.23.05 lakh crore in March 2018, an increase of Rs.4.75 lakh crore in just a year.
The data further shows that top 10 fund houses boast 81% market share. These fund houses jointly manage Rs.18.63 lakh crore as on March 2018.
While two fund houses – ICICI Prudential and HDFC – have crossed the Rs.3 lakh crore milestone, Franklin Templeton has become the eighth fund house to enter the Rs.1 lakh crore club with assets of Rs.1.03 lakh crore last fiscal.
HDFC MF, ICICI Prudential MF and SBI MF registered the highest growth in absolute terms with each of them adding over Rs.60,000 crore to their AUM kitty. Among the top 10 fund houses, SBI MF (39%) was the fastest growing fund house followed by Kotak MF (35%), Axis MF (34%) and DSP BlackRock (32%). Among the bigger fund houses, L & T MF too registered an impressive growth of 68%.
In terms of percentage growth, emerging fund houses like Motilal Oswal and Mirae Asset have recorded maximum growth of 119% and 111% respectively.
Of the 39 AMCs, six fund houses – DHFL Pramerica, LIC, Indiabulls, Taurus, Escorts and Sahara – witnessed a decline in their yearly AUM.
|
Mutual Funds |
AUM as on March 2018 |
AUM as on March 2017 |
Absolute Change |
Change in % |
Market share |
|
ICICI Prudential Mutual Fund |
305739 |
242961 |
62778 |
26% |
13% |
|
HDFC Mutual Fund |
300549 |
237178 |
63371 |
27% |
13% |
|
Aditya Birla Sun Life Mutual Fund |
247530 |
195050 |
52480 |
27% |
11% |
|
Reliance Mutual Fund |
244904 |
210891 |
34013 |
16% |
11% |
|
SBI Mutual Fund |
217650 |
157025 |
60625 |
39% |
9% |
|
UTI Mutual Fund |
154940 |
136810 |
18130 |
13% |
7% |
|
Kotak Mahindra Mutual Fund |
124691 |
92216 |
32475 |
35% |
5% |
|
Franklin Templeton Mutual Fund |
103152 |
81615 |
21537 |
26% |
4% |
|
DSP BlackRock Mutual Fund |
86326 |
65199 |
21127 |
32% |
4% |
|
Axis Mutual Fund |
77325 |
57700 |
19625 |
34% |
3% |
|
IDFC Mutual Fund |
69919 |
60636 |
9283 |
15% |
3% |
|
L&T Mutual Fund |
65932 |
39300 |
26632 |
68% |
3% |
|
Tata Mutual Fund |
46977 |
42619 |
4358 |
10% |
2% |
|
Sundaram Mutual Fund |
34306 |
29370 |
4936 |
17% |
1% |
|
Invesco Mutual Fund |
26203 |
23528 |
2675 |
11% |
1% |
|
DHFL Pramerica Mutual Fund |
23595 |
26117 |
-2522 |
-10% |
1% |
|
LIC Mutual Fund |
20118 |
21475 |
-1357 |
-6% |
1% |
|
Motilal Oswal Mutual Fund |
17736 |
8115 |
9621 |
119% |
1% |
|
JM Financial Mutual Fund |
16365 |
13668 |
2697 |
20% |
1% |
|
Mirae Asset Mutual Fund |
15756 |
7457 |
8299 |
111% |
1% |
|
Baroda Pioneer Mutual Fund |
13022 |
10324 |
2698 |
26% |
1% |
|
Canara Robeco Mutual Fund |
12496 |
9940 |
2556 |
26% |
1% |
|
Edelweiss Mutual Fund |
12100 |
6918 |
5182 |
75% |
1% |
|
IDBI Mutual Fund |
10760 |
7719 |
3041 |
39% |
0% |
|
Indiabulls Mutual Fund |
10714 |
10820 |
-106 |
-1% |
0% |
|
HSBC Mutual Fund |
10261 |
8812 |
1449 |
16% |
0% |
|
BNP Paribas Mutual Fund |
8159 |
5891 |
2268 |
38% |
0% |
|
PRINCIPAL Mutual Fund |
7196 |
5347 |
1849 |
35% |
0% |
|
BOI AXA Mutual Fund |
5802 |
3552 |
2250 |
63% |
0% |
|
Union Mutual Fund |
4305 |
3416 |
889 |
26% |
0% |
|
Mahindra Mutual Fund |
3368 |
1995 |
1373 |
69% |
0% |
|
Essel Mutual Fund |
1540 |
1062 |
478 |
45% |
0% |
|
Quantum Mutual Fund |
1203 |
962 |
241 |
25% |
0% |
|
PPFAS Mutual Fund |
1010 |
696 |
314 |
45% |
0% |
|
IIFL Mutual Fund |
793 |
565 |
228 |
40% |
0% |
|
Taurus Mutual Fund |
509 |
1876 |
-1367 |
-73% |
0% |
|
Escorts Mutual Fund |
231 |
243 |
-12 |
-5% |
0% |
|
Sahara Mutual Fund |
64 |
67 |
-3 |
-4% |
0% |
|
Shriram Mutual Fund |
43 |
41 |
2 |
5% |
0% |
|
Industry Total |
2305216 |
1830604 |
474612 |
26% |
100% |
Source: AMFI data
