29 AMCs registered a growth in their assets, industry AUM goes up to Rs 6.92 lakh crore in June.
Barring one, all top ten AMCs registered a combined growth of Rs 26,306 crore in April – June quarter. Birla Sun Life and SBI saw the highest growth in assets at Rs 6063 crore and Rs 5143 crore respectively. ICICI Prudential registered the third largest asset growth of Rs 4331 crore.
All in all, 29 AMCs saw a growth in their assets. The industry’s AUM went up 4% from Rs 6.64 lakh crore in April to Rs 6.92 lakh crore in June. The BSE Sensex was up 1 % during the same period.
“We saw inflows in our Dynamic Bond Fund, liquid funds and FMPs,” says Srinivas Jain, CMO, SBI MF.
Fidelity Mutual Fund witnessed the highest dip in its asset at Rs. 1,310 crore or 15% which took its asset base to Rs 7378 crore in June from Rs 8688 crore in March. J P Morgan also saw its asset dip by Rs 1088 crore.
The industry has largely seen inflows in liquid category in April and May at Rs 75,752 crore and Rs. 25,052, respectively.
|
AMC |
AAUM as on June |
AAUM as on March |
Change in % |
Absolute Change |
|
HDFC |
92625 |
89879 |
3% |
2746 |
|
Reliance |
80694 |
78112 |
3% |
2583 |
|
ICICI Prudential |
73050 |
68718 |
6% |
4331 |
|
Birla Sun Life |
67206 |
61143 |
10% |
6063 |
|
UTI Mutual Fund |
60923 |
58922 |
3% |
2000 |
|
SBI Mutual Fund |
47184 |
42042 |
12% |
5143 |
|
Franklin Templeton |
35533 |
34493 |
3% |
1040 |
|
DSP BlackRock |
30002 |
29298 |
2% |
703 |
|
IDFC |
27147 |
25450 |
7% |
1696 |
|
Kotak Mahindra |
25324 |
25738 |
-2% |
-415 |
|
Total Industry AUM |
692180 |
664792 |
4% |
27389 |
|
Figures in crore. Source : AMFI |
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