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  • MF News Top 20 fund houses manage 96% of industry AUM

    Top 20 fund houses manage 96% of industry AUM

    Overall, the industry has seen modest growth of 2% in the last quarter.
    Shreeta Rege Jul 5, 2018

    Top 20 fund houses account for 96% of industry AUM. AMFI’s latest data shows that these fund houses manage over Rs.22 lakh crore as on June 2018 against the total quarterly AUM of Rs.23.40 lakh crore as on June 2018.

    In absolute terms, SBI Mutual Fund recorded an impressive growth of 7% by adding Rs.15,464 crore in assets in April-June 2018. HDFC Mutual Fund and ICICI Prudential Mutual Fund followed SBI Mutual Fund by collecting Rs.6,292 crore and Rs.4,427 crore, respectively in April-June 2018.    

    In percentage terms, IIFL Mutual Fund, Mirae Asset Mutual Fund and Mahindra Mutual Fund recorded healthy growth in April-June 2018. IIFL Mutual Fund lead the pack by registering growth of 59% followed by Mirae Asset Mutual Fund (22%) and Mahindra Mutual Fund (18%), largely due to low base effect.

    However, 15 fund houses recorded a decline in their quarterly AUM. Reliance Mutual Fund saw its AUM declining by Rs. 4,459 crore last quarter. Similarly, JM Financial Mutual Fund and Indiabulls Mutual Fund recorded decline of Rs.4,292 crore and Rs.2,722 crore, respectively.

    Overall, the quarterly AUM of the industry grew at a modest pace of 2%. However, the silver lining is that the quarterly AUM touched Rs.23 lakh crore again.

    NS Venkatesh, CEO, AMFI said, ‘’The mutual fund industry’s quarterly average AUM for the quarter ended June 30, 2018 stands at Rs.23.40 trillion. This represents a growth of 20% year-on-year (Quarterly AAUM as on June 30, 2017 was Rs.19.52 trillion) and 28% growth as compared to March 2017 (Quarterly AAUM as on March 30, 2017 was Rs. 18.30 trillion. We are confident that mutual funds will continue to see strong inflows, despite the recent volatility. Inflows through the SIP from retail investors and flows from B30 cities, continue to remain robust. Finally, ‘Mutual Funds Sahi Hai’, the investor awareness campaign being run by AMFI under guidance from SEBI, has generated a lot of interest among potential investors, who are now looking at mutual funds as a preferred investment option.’’

    Quarterly AUM as on June 2018

    Mutual funds

    Quarterly AUM as on June 2018 (Rs. Crs.)

    Quarterly AUM as on March 2018 (Rs. Crs.)

    Difference (Rs. Crs.)

    Change %

    ICICI Prudential Mutual Fund

    310166

    305739

    4427

    1%

    HDFC Mutual Fund

    306841

    300549

    6292

    2%

    Aditya Birla Sun Life Mutual Fund

    249270

    247530

    1740

    1%

    Reliance Mutual Fund

    240445

    244904

    -4459

    -2%

    SBI Mutual Fund

    233114

    217650

    15464

    7%

    UTI Mutual Fund

    153183

    154940

    -1757

    -1%

    Kotak Mahindra Mutual Fund

    127635

    124691

    2944

    2%

    Franklin Templeton Mutual Fund

    104416

    103152

    1264

    1%

    DSP BlackRock Mutual Fund

    89404

    86326

    3078

    4%

    Axis Mutual Fund

    79201

    77325

    1876

    2%

    L&T Mutual Fund

    71118

    65932

    5186

    8%

    IDFC Mutual Fund

    69591

    69919

    -328

    0%

    Tata Mutual Fund

    49221

    46977

    2244

    5%

    Sundaram Mutual Fund

    32789

    34306

    -1517

    -4%

    Invesco Mutual Fund

    24919

    26203

    -1284

    -5%

    DHFL Pramerica Mutual Fund

    23137

    23595

    -458

    -2%

    LIC Mutual Fund

    20411

    20118

    293

    1%

    Motilal Oswal Mutual Fund

    19264

    17736

    1528

    9%

    Mirae Asset Mutual Fund

    19178

    15756

    3422

    22%

    Canara Robeco Mutual Fund

    13334

    12496

    838

    7%

    Edelweiss Mutual Fund

    12502

    12100

    402

    3%

    Baroda Pioneer Mutual Fund

    12240

    13022

    -782

    -6%

    JM Financial Mutual Fund

    12073

    16365

    -4292

    -26%

    HSBC Mutual Fund

    10622

    10261

    361

    4%

    IDBI Mutual Fund

    10540

    10760

    -220

    -2%

    BNP Paribas Mutual Fund

    8060

    8159

    -99

    -1%

    Indiabulls Mutual Fund

    7992

    10714

    -2722

    -25%

    PRINCIPAL Mutual Fund

    7418

    7196

    222

    3%

    BOI AXA Mutual Fund

    5692

    5802

    -110

    -2%

    Union Mutual Fund

    4433

    4305

    128

    3%

    Mahindra Mutual Fund

    3961

    3368

    593

    18%

    Essel Mutual Fund

    1790

    1540

    250

    16%

    IL&FS Mutual Fund (IDF)

    1473

    1274

    199

    16%

    IIFL Mutual Fund

    1257

    793

    464

    59%

    Quantum Mutual Fund

    1209

    1203

    6

    1%

    PPFAS Mutual Fund

    1099

    1010

    89

    9%

    IIFCL Mutual Fund (IDF)

    646

    650

    -4

    -1%

    Taurus Mutual Fund

    452

    509

    -57

    -11%

    Quant Mutual Fund

    176

    NA

       

    Sahara Mutual Fund

    59

    64

    -5

    -7%

    Shriram Mutual Fund

    47

    43

    4

    10%

    SREI Mutual Fund (IDF)

    0

    0

       

    Escorts Mutual Fund

    NA

    231

       

    Grand Total

    2340377

    2305216

    35161

    2%

    Source: AMFI

     
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    1 Comment
    P Raghavan · 5 years ago `
    The Statistics published is appreciated. What is the Underlying principle of this story? Not able to uder stand. One side, Economic Times publish a picture of healthy increase in increase in MF fund increases, yet never give any credit to IFAs, who have been responsible to increase the base of investors, and yet on the other side "Silent Advertisement" for "Direct" investment, depriving the unemployed, yet looking ahead for a healthy growth in MF business to get themselves employed to see that they are actively employed for life.
    This year Govt had introduced 10% Dividend Distribution Tax on Dividends distributed by Fund houses, yet a representative body or media could publish a realistic story(Reality!) of actual contribution from fund houses to Govt. kitty?
    This could have initiated a discussion and dialogue with Govt. to bring down the burden of Tax and needy public to get slightly higher tax free return on their investment and indirectly helped Mutual Funds to increase their investment Base.

    WHY AMFI is silent on these statistics?
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