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