The top three fund houses - HDFC MF, ICICI Prudential MF and SBI MF, continued to increase their assets at a healthy pace. HDFC MF’s AAUM rose by more than Rs 14,000 crore or 4% to Rs. 3.77 lakh crore. ICICI Prudential MF’s AAUM increased by Rs. 10,781 crore to Rs. 3.48 lakh crore. And SBI MF’s average AUM surged by Rs. 13,128 crore or 4% to 3.21 lakh crore.
Among the top 15, the other fund houses whose AAUM rose in the quarter ended September are Kotak MF, Axis MF, IDFC MF and Mirae Asset MF.
Of the 15 top fund houses (based on AAUM), as many as 8 of them have witnessed a decline in their average AUM for the quarter ended September.
Nippon India MF, earlier known as Reliance MF, witnessed the steepest decline with nearly Rs.20,000 crore or 9% reduction in their AAUM. In April-June, the fund house had seen over Rs.11,000 crore or 5% decline in its average AUM.
The fund house’s AAUM for July-September stood at Rs 2.03 lakh crore, down from Rs 2.23 lakh crore in the quarter ended June.
Other fund houses that witnessed a sharp decline in their AAUM in July-September include L&T MF, Tata MF, DSP MF, Invesco MF, Franklin Templeton MF, Sundaram MF and Aditya Birla Sun Life MF.
Note – The story does not take into account AAUM of UTI MF since the required data was not available on AMFI website at the time of writing.
Quarterly average AUM of top 15 fund houses
|
AAUM in July-Sep (in crore) |
AAUM in Apr-Jun (in Rs crore) |
Difference |
Change in % |
|
|
HDFC Mutual Fund |
3,76,597.57 |
3,62,538.43 |
14,059.13 |
4% |
|
ICICI Prudential Mutual Fund |
3,48,068.36 |
3,37,286.75 |
10,781.61 |
3% |
|
SBI Mutual Fund |
3,20,662.84 |
3,07,533.86 |
13,128.98 |
4% |
|
Aditya Birla Sun Life Mutual Fund |
2,53,828.50 |
2,53,965.26 |
-136.76 |
-0.1% |
|
Nippon India Mutual Fund |
2,02,649.49 |
2,22,575.73 |
-19,926.23 |
-9% |
|
Kotak Mutual Fund |
1,68,399.32 |
1,61,209.06 |
7,190.26 |
4% |
|
Franklin Templeton Mutual Fund |
1,24,025.02 |
1,24,967.38 |
-942.36 |
-1% |
|
Axis Mutual Fund |
1,05,526.17 |
1,02,221.15 |
3,305.03 |
3% |
|
IDFC Mutual Fund |
94,150.54 |
82,279.12 |
11,871.42 |
14% |
|
DSP Mutual Fund |
75,415.56 |
77,619.03 |
-2,203.47 |
-3% |
|
L&T Mutual Fund |
69,213.42 |
73,496.70 |
-4,283.29 |
-6% |
|
Tata Mutual Fund |
49,646.07 |
53,640.70 |
-3,994.63 |
-7% |
|
Mirae Asset Mutual Fund |
33,282.15 |
29,260.92 |
4,021.23 |
14% |
|
Sundaram Mutual Fund |
30,613.10 |
31,220.13 |
-607.02 |
-2% |
|
Invesco Mutual Fund |
23,542.83 |
24,635.39 |
-1,092.56 |
-4% |
Source: AMFI
