SBI MF has surpassed HDFC MF in terms of equities managed as of February 2019, shows a recent Motilal Oswal report titled ‘Fund Folio: Indian Mutual Fund Tracker’.
For calculation of the equities managed, the report has considered equity exposure of all schemes of the fund house including hybrid schemes and solution-oriented schemes. Simply put, the report has considered equity exposure of hybrid funds such as MIPs (which is not considered as equity funds for tax purposes) to arrive at equities managed.
In the last one-year period ending February 2019, many fund houses have recorded a sharp growth in their equity value, says the report. SBI MF has increased its equity value by over Rs. 35,000 crore during the period to clinch the top spot. Axis MF and Kotak MF too have increased their equity value by over Rs. 11,000 crore in the last one year.
Among the top 10 fund houses, the highest monthly increase in equity value was seen in Axis MF (+6.1%), ICICI Prudential MF (+5.1%) and Kotak Mahindra MF (+3.4%).
While majority of the fund houses saw an increase in their equity value, six fund houses - HDFC, Reliance, Franklin Templeton, L&T, IDFC and BNP Paribas saw a drop in the equity value compared to January 2019.
Overall, on a month-on-month basis the top 20 fund houses saw a 0.9% increase in their equity value against Nifty’s flat performance in February 2019, noted the report.
Equity value of Top 20 fund houses
|
|
Feb-19 |
12M Change period ending Feb-19 |
||
|
Value (INR billion) |
M-o-M increase |
(INR billion) |
(%) |
|
|
SBI Mutual Fund |
1398 |
1.7 |
353 |
33.8 |
|
HDFC Mutual Fund |
1347 |
-1.4 |
46 |
3.5 |
|
ICICI Prudential Mutual Fund |
1263 |
5.1 |
90 |
7.7 |
|
Reliance Mutual Fund |
946 |
-3.0 |
97 |
11.4 |
|
Aditya Birla Sun Life Mutual Fund |
794 |
0.2 |
29 |
3.8 |
|
UTI Mutual Fund |
631 |
0.7 |
74 |
13.3 |
|
Kotak Mutual Fund |
519 |
3.4 |
109 |
26.6 |
|
Franklin Templeton Mutual Fund |
478 |
-1.2 |
-19 |
-3.9 |
|
AXIS Mutual Fund |
407 |
6.1 |
112 |
38.0 |
|
DSP Mutual Fund |
351 |
0.6 |
-28 |
-7.4 |
|
L&T Mutual Fund |
342 |
-1.5 |
32 |
10.4 |
|
Mirae Asset Mutual Fund |
200 |
1.8 |
63 |
46.3 |
|
Tata Mutual Fund |
199 |
5.1 |
56 |
39.4 |
|
IDFC Mutual Fund |
190 |
-0.1 |
17 |
9.7 |
|
Sundaram Mutual Fund |
175 |
0.1 |
-1 |
-0.4 |
|
Motilal Oswal Mutual Fund |
172 |
0.0 |
11 |
7.1 |
|
Canara Robeco Mutual Fund |
81 |
2.1 |
16 |
24.6 |
|
Invesco Mutual Fund |
77 |
0.7 |
37 |
94.7 |
|
PRINCIPAL Mutual Fund |
51 |
0.1 |
10 |
23.4 |
|
BNP Paribas Mutual Fund |
37 |
-2.6 |
-3 |
-7.6 |
|
Total of above |
9656 |
0.9 |
1101 |
12.9 |
|
Nifty |
10793 |
-0.4 |
|
2.9 |
Source: Motilal Oswal
Note: Equity value represents equity exposure for all mutual fund schemes (including balanced and other schemes).
1 billion = 100 crore
