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MF News HDFC MF regains the top spot

HDFC MF regains the top spot

HDFC’s quarterly average AUM for the quarter ending December 2018 stood at Rs. 3.35 lakh crore.
Shreeta Rege Jan 3, 2019

HDFC MF reclaimed its position as the country’s top asset manager by assets after a gap of nearly three years. In the last quarter ending September 2018, HDFC MF had stood at the second spot behind ICICI MF with quarterly average assets of Rs. 3.06 lakh crore. While ICICI AMC saw net outflows to the tune of Rs. 2,522 crore during the quarter ending December 2018, HDFC MF recorded inflows of Rs. 28,604 crore propelling it to the top position.

Most fund houses saw a decline in their AUM in the quarter ending December 2018. Overall, the industry AUM fell by 3% last quarter. The industry AUM had touched an all-time high of Rs. 25.20 lakh crore in August. However, post September, macroeconomic concerns and NBFC credit event led to outflows from debt funds. Subsequently, mutual fund AUM for the quarter ending in December fell from the September 2018 quarter level.

Among the top 10 MFs, only HDFC MF, SBI and Kotak Mahindra MF recorded an increase in their assets while the remaining fund houses saw a decline in their AUM. On gross basis, HDFC MF saw the highest increase in its AUM (Rs. 28,604 crore) while DSP MF saw the highest fall (Rs. 16,212 crore).

In percentage terms, Shriram MF (87%), PPFAS MF (14%) and HDFC MF (9%) were the fastest growing fund houses during the quarter while DHFL Pramerica (53%), Indiabulls MF (53%) and LIC MF (35%) saw the sharpest decline in their assets.

Many fund managers expect 2019 to be a better year for the markets than 2018. Will we see mutual funds growing faster during the year? We certainly hope so.

Quarterly Average AUM

Sr. No.

Mutual Fund Name

QAAUM October - December 2018

QAAUM  June - September 2018

Difference

Difference (%)

1

HDFC Mutual Fund

3,34,964

3,06,360

28,604

9%

2

ICICI Prudential Mutual Fund

3,07,735

3,10,257

-2,522

-1%

3

SBI Mutual Fund

2,64,353

2,53,829

10,524

4%

4

Aditya Birla Sun Life Mutual Fund

2,42,344

2,54,223

-11,879

-5%

5

Reliance Mutual Fund

2,36,256

2,44,843

-8,588

-4%

6

UTI Mutual Fund

1,57,586

1,65,946

-8,361

-5%

7

Kotak Mahindra Mutual Fund

1,39,427

1,34,448

4,979

4%

8

Franklin Templeton Mutual Fund

1,09,525

1,10,400

-875

-1%

9

Axis Mutual Fund

81,622

87,631

-6,008

-7%

10

DSP Mutual Fund

79,245

95,457

-16,212

-17%

11

L&T Mutual Fund

69,080

73,753

-4,673

-6%

12

IDFC Mutual Fund

64,583

69,483

-4,900

-7%

13

Tata Mutual Fund

49,293

54,824

-5,531

-10%

14

Sundaram Mutual Fund

30,800

33,103

-2,303

-7%

15

Invesco Mutual Fund

23,871

27,556

-3,685

-13%

16

Mirae Asset Mutual Fund

21,035

20,569

466

2%

17

Motilal Oswal Mutual Fund

18,599

20,305

-1,706

-8%

18

Canara Robeco Mutual Fund

13,656

14,045

-389

-3%

19

LIC Mutual Fund

13,378

20,426

-7,047

-35%

20

Baroda Mutual Fund

12,257

13,564

-1,307

-10%

21

Edelweiss Mutual Fund

11,862

14,161

-2,299

-16%

22

JM Financial Mutual Fund

10,965

12,672

-1,707

-13%

23

DHFL Pramerica Mutual Fund

10,756

22,700

-11,944

-53%

24

HSBC Mutual Fund

10,707

11,928

-1,221

-10%

25

IDBI Mutual Fund

8,599

9,961

-1,361

-14%

26

BNP Paribas Mutual Fund

7,398

8,523

-1,125

-13%

27

Principal Mutual Fund

6,940

7,793

-853

-11%

28

Union Mutual Fund

4,208

4,910

-702

-14%

29

BOI AXA Mutual Fund

4,173

5,872

-1,699

-29%

30

Mahindra Mutual Fund

3,756

4,336

-580

-13%

31

Indiabulls Mutual Fund

3,728

8,008

-4,280

-53%

32

Essel Mutual Fund

1,759

2,256

-497

-22%

33

PPFAS Mutual Fund

1,576

1,376

199

14%

34

IL&FS Mutual Fund (IDF)

1,554

1,514

40

3%

35

IIFL Mutual Fund

1,400

1,506

-106

-7%

36

Quantum Mutual Fund

1,287

1,241

46

4%

37

Taurus Mutual Fund

421

454

-32

-7%

38

Quant Mutual Fund

195

184

11

6%

39

Shriram Mutual Fund

101

54

47

87%

40

Sahara Mutual Fund

54

58

-4

-6%

41

IIFCL Mutual Fund (IDF)

-

639

-639

-100%

42

ITI Mutual Fund

-

-

-

 

43

SREI Mutual Fund (IDF)

-

-

-

 

44

YES Mutual Fund

-

-

-

 
 

Grand Total

23,61,047

24,31,167

-70,120

-3%

Source: AMFI

 

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3 Comments
MF Industry · 2 months ago
This is what happens with lack of good leadership coupled with corporate governance lapses. Exactly what happened at iPru. The AMC was slapped with a fine for all the wrongdoings. Quite happy that they lost the top rank. I am sure they will slide further.
Vikas Gupta · 2 months ago
ABSL MF also lost their spot as it is totally absent in the market from the last so many months.
SWATI SHARMA · 2 months ago
What is the story of IIFCL, din understand..has the whole AUM swipe out??
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