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MF News Top five fund houses account for 57% of the total equity assets

Top five fund houses account for 57% of the total equity assets

HDFC MF, ICICI Prudential MF and Aditya Birla Sun Life MF are the top three fund houses in terms of equity AUM.
Shreeta Rege Aug 17, 2018

Shreeta Rege

HDFC AMC holds the top spot in terms of monthly average equity AUM with equity assets of Rs. 1.53 lakh crore as on July 2018. Of the total assets, the fund house has Rs. 91,839 crore in pure equity and ELSS funds and Rs.61378 crore in balanced funds, shows the latest AMFI data. Equity AUM includes pure equity, balanced and ELSS funds.

In the second place comes ICICI Prudential MF with total equity AUM of Rs.1.43 lakh crore as on July 2018. In the third place is Aditya Birla Sun Life MF with equity assets of Rs. 89,727 crore. Following them are Reliance MF and SBI MF with equity assets of Rs. 88,583 crore and Rs. 82,474 crore in assets.

Of the Rs. 9.78 lakh crore equity AUM, Rs. 5.57 lakh crore comes from the top five AMCs. This means 57% of the industry’s equity AUM comes from the top five AMCs.

Fund House

Equity AAUM (Rs. crore)

ELSS AAUM

(Rs. crore)

Balanced AAUM

(Rs. crore)

Total AAUM

(Rs. crore)

HDFC Mutual Fund

83593

8246

61378

153216

ICICI Prudential Mutual Fund

109379

5421

28035

142834

Aditya Birla Sun Life Mutual Fund

64958

7037

17733

89727

Reliance Mutual Fund

65213

9608

13763

88583

SBI Mutual Fund

50039

6873

25562

82474

Franklin Templeton Mutual Fund

49270

3665

0

52935

UTI Mutual Fund

37242

4159

6333

47734

Kotak Mahindra Mutual Fund

46038

749

0

46788

DSP BlackRock Mutual Fund

29849

4360

7079

41288

Axis Mutual Fund

21854

17871

0

39725

L&T Mutual Fund

36247

3241

0

39489

IDFC Mutual Fund

19113

1565

1156

21835

Tata Mutual Fund

12374

1420

5169

18963

Motilal Oswal Mutual Fund

17741

1091

0

18832

Sundaram Mutual Fund

14593

3082

1138

18812

Mirae Asset Mutual Fund

15509

1053

0

16562

JM Financial Mutual Fund

4462

32

3579

8072

Edelweiss Mutual Fund

7549

86

0

7634

Canara Robeco Mutual Fund

5000

866

1656

7523

Invesco Mutual Fund

5590

571

0

6161

PRINCIPAL Mutual Fund

3256

666

1446

5368

BNP Paribas Mutual Fund

3388

523

364

4274

IDBI Mutual Fund

2011

647

445

3104

HSBC Mutual Fund

2087

164

0

2251

DHFL Pramerica Mutual Fund

1590

317

0

1907

LIC Mutual Fund

1002

439

331

1771

Union Mutual Fund

1406

224

53

1683

Baroda Pioneer Mutual Fund

805

140

713

1657

BOI AXA Mutual Fund

751

283

272

1305

Mahindra Mutual Fund

982

295

0

1278

PPFAS Mutual Fund

1160

0

0

1160

Quantum Mutual Fund

891

70

0

961

Indiabulls Mutual Fund

723

72

0

795

IIFL Mutual Fund

698

0

0

698

Essel Mutual Fund

575

46

0

620

Taurus Mutual Fund

361

52

0

413

Shriram Mutual Fund

50

0

0

50

Sahara Mutual Fund

38

6

0

44

IIFCL Mutual Fund (IDF)

0

0

0

0

IL&FS Mutual Fund (IDF)

0

0

0

0

Escorts Mututal Fund

 

 

 

 

SREI Mutual Fund (IDF)

 

 

 

 

Total

717402

84946

176220

978568

 

Source: AMFI

In terms of absolute growth, HDFC MF has added Rs.33505 crore of equity assets, which is the highest in the industry. Closely following on its heels was ICICI Prudential MF and SBI MF with assets of Rs.31795 crore and SBI MF Rs.24419, respectively.

If we calculate the growth in percentage terms over last year, we notice that among the top 10 AMCs L&T MF and Axis MF have reported the highest growth in equity assets of 82% and 69% respectively. If we consider all fund houses then Essel MF (153%), Mahindra MF (142%) and BOI AXA MF (125%) have grown phenomenally largely due to low base effect.

Overall, majority of the fund houses reported growth in equity AUM. However, a few small fund houses Taurus MF, Sahara MF and Indiabulls MF saw their equity AUM declining last quarter.

Fund House

Total Monthly Average Equity AUM as on July 2018 (Rs. crore)

Total Monthly Average Equity AUM as on July 2017 (Rs. crore)

Increase over last year (Rs. crore)

Increase over last year

(%)

HDFC Mutual Fund

153216

119712

33505

28%

ICICI Prudential Mutual Fund

142834

111039

31795

29%

Aditya Birla Sun Life Mutual Fund

89727

65341

24386

37%

Reliance Mutual Fund

88583

68981

19602

28%

SBI Mutual Fund

82474

58056

24419

42%

Franklin Templeton Mutual Fund

52935

50698

2236

4%

UTI Mutual Fund

47734

40638

7096

17%

Kotak Mahindra Mutual Fund

46788

29716

17072

57%

DSP BlackRock Mutual Fund

41288

33735

7553

22%

Axis Mutual Fund

39725

23565

16160

69%

L&T Mutual Fund

39489

21733

17755

82%

IDFC Mutual Fund

21835

14871

6964

47%

Tata Mutual Fund

18963

14202

4761

34%

Motilal Oswal Mutual Fund

18832

10987

7844

71%

Sundaram Mutual Fund

18812

15279

3533

23%

Mirae Asset Mutual Fund

16562

9596

6966

73%

JM Financial Mutual Fund

8072

6030

2042

34%

Edelweiss Mutual Fund

7634

3978

3657

92%

Canara Robeco Mutual Fund

7523

5496

2026

37%

Invesco Mutual Fund

6161

2821

3340

118%

PRINCIPAL Mutual Fund

5368

3221

2147

67%

BNP Paribas Mutual Fund

4274

3617

657

18%

IDBI Mutual Fund

3104

2698

406

15%

HSBC Mutual Fund

2251

2018

234

12%

DHFL Pramerica Mutual Fund

1907

1606

301

19%

LIC Mutual Fund

1771

1596

175

11%

Union Mutual Fund

1683

1150

533

46%

Baroda Pioneer Mutual Fund

1657

1108

549

49%

BOI AXA Mutual Fund

1305

580

725

125%

Mahindra Mutual Fund

1278

529

749

142%

PPFAS Mutual Fund

1160

804

357

44%

Quantum Mutual Fund

961

843

118

14%

Indiabulls Mutual Fund

795

802

-7

-1%

IIFL Mutual Fund

698

433

265

61%

Essel Mutual Fund

620

245

376

153%

Taurus Mutual Fund

413

464

-51

-11%

Shriram Mutual Fund

50

42

7

17%

Sahara Mutual Fund

44

53

-9

-17%

Source: AMFI

 

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