Of the total 41 fund houses, 27 have witnessed a decline in their AAUM in July-September. The industry’s total AAUM rose by 0.7% to Rs. 25.68 lakh crore from Rs. 25.51 lakh crore in April-June. On a quarterly basis, this is the slowest increase in MF industry’s overall assets since October-December 2018, the immediate quarter after IL&FS default, shows AMFI data.
While 27 fund houses witnessed their AAUM shrink in July-September, most emerging fund houses faced the heat. Of the 20 fund houses at the bottom (based on AAUM), as many as 15 of them witnessed their assets decline in July-September.
Among these 20 fund houses, only BNP Paribas Mutual Fund, Mahindra MF, PPFAS MF, Quantum MF and Shriram MF were the fund houses that saw an increase in their AAUM.
Nevertheless, the decline was not limited to the bottom of the pyramid. The steepest fall was witnessed in the 5th largest fund house Nippon India MF, earlier known as Reliance MF. The fund house’s AAUM declined by nearly Rs.20,000 crore or 9% this quarter.
The overall AAUM for the MF industry, however, did not witness a decline. This was largely because of the fact that 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 Rs. 3.21 lakh crore.
Among other fund houses that did exceptionally well are IDFC MF and Mirae Asset MF. While Mirae Asset MF’s AAUM rose by more than Rs 4,000 crore or 14% to Rs 33,282 crore; in case of IDFC MF the AAUM surged by more than Rs 11,870 crore or 14% to Rs 94,150 crore.
Quarterly average AUM of fund houses -
|
|
AUM JUL - SEP (Rs. in crore) |
AUM in APR - JUNE (Rs. in crore ) |
Change (Rs. in crore ) |
Change (%) |
|
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 |
-0.05% |
|
Nippon India Mutual Fund |
2,02,649.49 |
2,22,575.73 |
-19,926.23 |
-9% |
|
Kotak Mahindra Mutual Fund |
1,68,399.32 |
1,61,209.06 |
7,190.26 |
4% |
|
UTI Mutual Fund |
1,54,229.01 |
1,57,865.86 |
-3,636.85 |
-2% |
|
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% |
|
Motilal Oswal Mutual Fund |
18,934.41 |
19,640.11 |
-705.69 |
-4% |
|
Canara Robeco Mutual Fund |
16,540.23 |
15,851.61 |
688.61 |
4% |
|
LIC Mutual Fund |
15,467.84 |
16,293.94 |
-826.11 |
-5% |
|
Edelweiss Mutual Fund |
11,763.71 |
12,128.22 |
-364.51 |
-3% |
|
HSBC Mutual Fund |
11,746.87 |
11,607.87 |
139.00 |
1% |
|
Baroda Mutual Fund |
10,675.56 |
11,180.52 |
-504.96 |
-5% |
|
BNP Paribas Mutual Fund |
7,300.58 |
7,243.52 |
57.07 |
1% |
|
Principal Mutual Fund |
6,837.85 |
7,279.79 |
-441.94 |
-6% |
|
JM Financial Mutual Fund |
6,487.72 |
7,710.09 |
-1,222.38 |
-16% |
|
IDBI Mutual Fund |
5,347.80 |
6,456.57 |
-1,108.77 |
-17% |
|
Mahindra Mutual Fund |
5,221.26 |
4,971.83 |
249.42 |
5% |
|
PGIM India Mutual Fund |
4,264.14 |
5,411.56 |
-1,147.42 |
-21% |
|
Union Mutual Fund |
4,089.34 |
4,307.03 |
-217.69 |
-5% |
|
BOI AXA Mutual Fund |
2,478.91 |
3,127.89 |
-648.98 |
-21% |
|
PPFAS Mutual Fund |
2,378.52 |
2,116.02 |
262.50 |
12% |
|
Indiabulls Mutual Fund |
2,236.97 |
4,529.96 |
-2,292.99 |
-51% |
|
Quantum Mutual Fund |
1,452.83 |
1,443.91 |
8.92 |
1% |
|
IIFL Mutual Fund |
1,348.78 |
1,522.58 |
-173.80 |
-11% |
|
YES Mutual Fund |
916.61 |
1,421.44 |
-504.83 |
-36% |
|
Essel Mutual Fund |
900.93 |
1,040.54 |
-139.61 |
-13% |
|
Taurus Mutual Fund |
410.22 |
434.87 |
-24.65 |
-6% |
|
quant Mutual Fund |
215.25 |
216.74 |
-1.49 |
-1% |
|
Shriram Mutual Fund |
170.52 |
132.57 |
37.95 |
29% |
|
ITI Mutual Fund |
63.20 |
66.50 |
-3.30 |
-5% |
|
Sahara Mutual Fund |
48.92 |
53.87 |
-4.95 |
-9% |
