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
