HDFC AMC has emerged as the largest fund house in terms of managing debt assets, leaving behind Aditya Birla Sun Life (ABSL) MF and ICICI Prudential MF, shows an analysis of quarterly AUM of 39 fund houses.
As on March 2019, HDFC MF has a market share of 14% with debt AAUM of Rs.1.83 lakh crore. ICICI Prudential MF continues to be at the second spot with 13% market share and debt AAUM of Rs.1.65 lakh crore. While HDFC MF added Rs.38,230 crore to its debt AUM kitty, ICICI Prudential MF saw an increase of Rs.8,607 crore in its debt assets.
ABSL MF, the largest fund house in 2018 in terms of debt AUM, slipped to the third spot this year. The fund house scrambled a market share of 12% with Rs.1.57 lakh crore last fiscal. The debt AUM of the fund house declined by Rs.3,753 crore.
Ranking of top five AMCs saw another change, with SBI MF replacing Reliance MF at the fourth position. SBI MF boasted 10% market share with Rs.1.30 lakh crore while Reliance MF’s market share stood at 9% with Rs.1.21 lakh crore for the March quarter.
Analysts said fund houses that were aggressive in building their debt portfolio took a hit following loan defaults at IL&FS.
Of the top 10 AMCs, five fund houses – ABSL, Reliance, UTI, IDFC and Axis MF – recorded a decline in their debt AAUM over the last financial year.
HDFC, ICICI Prudential, SBI, Kotak Mahindra, and Franklin Templeton were among the fund houses whose debt AUM rose in the last fiscal.
Among the top 10 fund houses in terms of debt assets, HDFC MF was the major gainer last fiscal in absolute terms. SBI MF and Franklin Templeton MF followed HDFC MF in terms of growth in debt AUM in absolute terms last fiscal.
Ranking of fund houses in terms of debt AAUM
|
Fund House |
Debt AAUM for Jan-Mar 2019 (In Rs. crore) |
Market share |
|
HDFC MF |
1,83,278.66 |
14.0% |
|
ICICI Prudential MF |
1,65,636.34 |
12.7% |
|
Aditya Birla Sun Life |
1,57,084.97 |
12.0% |
|
SBI MF |
1,30,677.26 |
10.0% |
|
Reliance MF |
1,21,133.80 |
9.3% |
|
UTI MF |
96,963.75 |
7.4% |
|
Kotak Mahindra MF |
89,328.71 |
6.8% |
|
Franklin Templeton MF |
65,442.43 |
5.0% |
|
IDFC |
47,356.46 |
3.6% |
|
Axis MF |
42,959.77 |
3.3% |
|
DSP |
38,200.56 |
2.9% |
|
Tata |
31,428.48 |
2.4% |
|
L&T |
31,203.97 |
2.4% |
|
Invesco |
15,433.92 |
1.2% |
|
LIC |
11,951.42 |
0.9% |
|
Sundaram |
11,110.89 |
0.9% |
|
Baoda |
9,270.94 |
0.7% |
|
HSBC |
8,134.23 |
0.6% |
|
IDBI |
6,123.21 |
0.5% |
|
DHFL Pramerica |
6,015.81 |
0.5% |
|
Canara Robeco |
5,916.17 |
0.5% |
|
Edelweiss |
4,981.98 |
0.4% |
|
Indiabulls |
4,220.71 |
0.3% |
|
Mahindra |
3,342.85 |
0.3% |
|
Mirae Asset |
3,082.44 |
0.2% |
|
JM Financial |
3,053.28 |
0.2% |
|
BNP Paribas |
2,963.48 |
0.2% |
|
BOI AXA |
2,376.41 |
0.2% |
|
Union |
2,165.52 |
0.2% |
|
YES |
2,000.12 |
0.2% |
|
Principal |
1,094.44 |
0.1% |
|
IIFL |
1,007.24 |
0.1% |
|
Essel |
593.85 |
0.05% |
|
Motilal Oswal |
446.80 |
0.03% |
|
Quantum |
302.23 |
0.02% |
|
PPFAS |
218.31 |
0.02% |
|
Quant |
153.98 |
0.01% |
|
Taurus |
29.51 |
0.002% |
|
Shriram |
- |
0.0% |
|
Total |
13,06,684.93 |
|
Growth of the top 10 in debt AAUM
|
Rank |
Fund House |
Debt AAUM for Jan-Mar 2019 (In Rs.crore) |
Debt AAUM for Jan-Mar 2018 (In Rs.crore) |
|
1 |
HDFC MF |
1,83,278.66 |
1,45,048.58 |
|
2 |
ICICI Prudential MF |
1,65,636.34 |
1,57,029.04 |
|
3 |
Aditya Birla Sun Life |
1,57,084.97 |
1,60,838.11 |
|
4 |
SBI MF |
1,30,677.26 |
1,03,339.50 |
|
5 |
Reliance MF |
1,21,133.80 |
1,44,465.41 |
|
6 |
UTI MF |
96,963.75 |
1,00,463.76 |
|
7 |
Kotak Mahindra MF |
89,328.71 |
74,192.23 |
|
8 |
Franklin Templeton MF |
65,442.43 |
48,367.23 |
|
9 |
IDFC |
47,356.46 |
49,976.02 |
|
10 |
Axis MF |
42,959.77 |
43,487.79 |
