The latest AMFI quarterly data shows that top 20 fund houses account for 95% of industry AUM. These fund houses manage over Rs.23.06 lakh crore as on September 2018 against the total quarterly AUM of Rs.24.28 lakh crore as on September 2018.
In absolute terms, SBI Mutual Fund recorded an impressive growth of 9% by adding Rs.20,715 crore in assets in July-September 2018. UTI Mutual Fund and Axis Mutual Fund followed SBI Mutual Fund by collecting Rs.12763 crore and Rs.8430 crore respectively in July-September 2018.
In percentage terms, Essel Mutual Fund, PPFAS Mutual Fund and IIFL recorded healthy growth last quarter. Essel Mutual Fund led the pack by registering growth of 26% followed by PPFAS Mutual Fund (25%) and IIFL Mutual Fund (20%) albeit on a low base.
Of the 39 AMCs, five fund houses witnessed a decline in their yearly AUM. The second largest fund house by AUM HDFC Mutual Fund saw its AUM decline by a marginal Rs.481 crore last quarter. Similarly, IDFC Mutual Fund, DHFL Pramerica Mutual, IDBI Mutual Fund and Sahara Mutual Fund recorded decline last quarter.
Overall, the quarterly AUM of the industry grew at a modest pace of 4%. However, the silver lining is that the quarterly AUM touched close to Rs.25 lakh crore for the first time.
Quarterly AUM July-September 2018
|
Mutual Funds |
Quarterly AUM as on September 2018 in Rs. Crore |
Quarterly AUM as on June 2018 in Rs. Crore |
Difference in Rs. Crore |
Change in % |
|
ICICI Prudential Mutual Fund |
310257 |
310166 |
91 |
0% |
|
HDFC Mutual Fund |
306360 |
306841 |
-481 |
0% |
|
Aditya Birla Sun Life Mutual Fund |
254207 |
249254 |
4953 |
2% |
|
SBI Mutual Fund |
253829 |
233114 |
20715 |
9% |
|
Reliance Mutual Fund |
244843 |
240445 |
4398 |
2% |
|
UTI Mutual Fund |
165946 |
153183 |
12763 |
8% |
|
Kotak Mahindra Mutual Fund |
134412 |
127635 |
6777 |
5% |
|
Franklin Templeton Mutual Fund |
110401 |
104416 |
5985 |
6% |
|
DSP Mutual Fund |
95457 |
89404 |
6053 |
7% |
|
Axis Mutual Fund |
87631 |
79201 |
8430 |
11% |
|
L&T Mutual Fund |
73753 |
71119 |
2634 |
4% |
|
IDFC Mutual Fund |
69483 |
69591 |
-108 |
0% |
|
Tata Mutual Fund |
54824 |
49221 |
5603 |
11% |
|
Sundaram Mutual Fund |
33103 |
32789 |
314 |
1% |
|
Invesco Mutual Fund |
27556 |
24919 |
2637 |
11% |
|
DHFL Pramerica Mutual Fund |
22700 |
23137 |
-437 |
-2% |
|
Mirae Asset Mutual Fund |
20569 |
19178 |
1391 |
7% |
|
LIC Mutual Fund |
20426 |
20411 |
15 |
0% |
|
Motilal Oswal Mutual Fund |
20305 |
19264 |
1041 |
5% |
|
Edelweiss Mutual Fund |
14162 |
12502 |
1660 |
13% |
|
Canara Robeco Mutual Fund |
14045 |
13334 |
711 |
5% |
|
Baroda Pioneer Mutual Fund |
13564 |
12240 |
1324 |
11% |
|
JM Financial Mutual Fund |
12672 |
12073 |
599 |
5% |
|
HSBC Mutual Fund |
11928 |
10622 |
1306 |
12% |
|
IDBI Mutual Fund |
9961 |
10540 |
-579 |
-5% |
|
BNP Paribas Mutual Fund |
8523 |
8060 |
463 |
6% |
|
Indiabulls Mutual Fund |
8008 |
7992 |
16 |
0% |
|
PRINCIPAL Mutual Fund |
7793 |
7418 |
375 |
5% |
|
BOI AXA Mutual Fund |
5872 |
5692 |
180 |
3% |
|
Union Mutual Fund |
4910 |
4433 |
477 |
11% |
|
Mahindra Mutual Fund |
4336 |
3961 |
375 |
9% |
|
Essel Mutual Fund |
2256 |
1790 |
466 |
26% |
|
IIFL Mutual Fund |
1506 |
1257 |
249 |
20% |
|
PPFAS Mutual Fund |
1376 |
1099 |
277 |
25% |
|
Quantum Mutual Fund |
1241 |
1209 |
32 |
3% |
|
Taurus Mutual Fund |
454 |
452 |
2 |
0% |
|
Quant Mutual Fund |
185 |
176 |
9 |
5% |
|
Sahara Mutual Fund |
58 |
60 |
-2 |
-3% |
|
Shriram Mutual Fund |
54 |
47 |
7 |
15% |
|
Total |
2428966 |
2338245 |
90721 |
4% |
Source: AMFI
