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MF News Direct equity AUM of top 20 fund houses grows 63% in one year

Direct equity AUM of top 20 fund houses grows 63% in one year

HDFC MF has the highest direct equity AUM
Padmaja Choudhury May 15, 2018

AMFI data shows that the top 20 fund houses manage direct equity AUM of Rs.1.45 lakh crore as on April 2018. We have included pure equity funds, balanced funds and ELSS in equity funds. In line with AMFI classification, we have excluded equity ETFs in this study.

HDFC Mutual Fund has the highest share of direct equity AUM. The fund house manages Rs.23,900 crore of direct equity AUM as on April 2018, shows AMFI data. The direct equity AUM of the fund house has increased by over 61%, from Rs.14,900 crore in April 2017.

A major portion of this direct equity assets has come from T30 cities. While retail direct equity AUM of HDFC MF was Rs.6,200, direct equity AUM of HNIs and sponsors were Rs.13,200 crore and Rs.1,000 crore, respectively.

ICICI Prudential Mutual Fund, the top fund house based on AUM, followed HDFC Mutual Fund in terms of direct equity AUM. The fund house managed direct equity AUM of Rs.21,700 crore in April 2018 compared to Rs.13,200 crore in April 2017, a growth of 64%. The direct retail and HNI equity AUM of the fund house was close to Rs.4,400 crore and Rs.9,700 crore, respectively.

Aditya Birla Sun Life Mutual Fund was at the third spot. The direct equity AUM of the fund house has seen a rise of 74% or by Rs.6,780 crore to Rs.15,960 crore in April 2018.

In percentage terms, L&T MF witnessed the highest increase in direct equity AUM. The direct equity AUM of the fund house increased by 240% to Rs. 2,946.24 crore. Retail and HNI investors contributed Rs. 3,440 crore or 82% to the AUM.

Among the top 20 funds, DHFL Pramerica MF was the only fund house to witness a decline in direct equity AUM. The direct equity AUM of the fund house has reduced from Rs.540 crore in April 2017 to Rs.517 crore in April 2018. This is due to reduced contribution in direct equity AUM from the sponsor of the fund house. The contribution by corporate sponsor in direct equity funds came down to Rs.5 crore in April 2018 from Rs.101 crore in April 2017.

Overall, the top 20 fund houses have witnessed growth of 63% i.e. from Rs. 89,225.24 crore to Rs.1.45 lakh crore.

Direct equity AUM of the top 20 fund houses (in Rs. crore)

Fund house

Apr-2018

Apr-2017

Difference

Change%

HDFC

23911.13

14866.41

9044.72

61

ICICI Prudential

21708.63

13232.98

8475.65

64

Aditya Birla

15960.46

9182.4

6778.06

74

Reliance Nippon Life

12376.48

7844.97

4531.51

58

Kotak

11662.44

5939.48

5722.96

96

SBI

11257.72

7213.8

4043.92

56

Franklin Templeton

9641.23

7897.77

1743.46

22

DSP

6656.69

4505.11

2151.58

48

Motilal Oswal

6523.78

3188.36

3335.42

105

UTI

4252.68

3381.19

871.49

26

L&T

4175.47

1229.23

2946.24

240

JM Financial

3741.96

2606.12

1135.84

44

IDFC

3452.56

2779.86

672.7

24

Mirae Asset

3036.56

1202.53

1834.03

153

Axis

2552.3

1314.59

1237.71

94

Tata

1805.47

1013.63

791.84

78

Sundaram

1099.09

738.6

360.49

49

DHFL Pramerica

517.76

540.15

-22.39

-4

Invesco

455.43

406.82

48.61

12

LIC

279.94

141.24

138.7

98

Total

145067.78

89225.24

55842.54

63

Source: AMFI

 

 

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3 Comments
Prashant · 5 months ago
Shame on all of us. We are allowing the fund houses to dupe people by direct investment because investors are clueless and do not have any idea where to put money, in which scheme to put money, why to put money, for how long it is to be kept and how often reviews are to be done and how to do reviews. Direct investment is a sham.

Shame shame shame
The wise one · 5 months ago
Ya right...direct investments is a sham???..... ur the learned one. Investors are just fools.
Reply
Srikanth · 5 months ago
Direct is like taking medicine's without doctors intervention... Investors will burn their fingers... But who's bothered... It's on
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