Last quarter ended on a good note for most fund houses with the MF industry witnessing 4% growth to reach AUM of close to Rs.27 lakh crore. AMFI data show that the MF industry average AUM has increased from Rs. 25.69 lakh crore in July-Sept 2019 to Rs.26.77 lakh crore in Oct-Dec 2019.
Among fund houses, SBI MF, Axis MF and ICICI Prudential MF witnessed the highest growth in their AAUM, respectively.
While SBI MF’s AAUM increased by nearly Rs 32,000 crore to Rs 3.53 lakh crore in October-December, Axis MF’s AAUM rose by more than Rs 17,000 crore to Rs 1.23 lakh crore. Similarly, ICICI Prudential MF’s AAUM increased by over Rs 13,000 crore to Rs 3.62 lakh crore.
Next in the list were IDFC MF and Kotak Mahindra MF. Both these fund houses witnessed an increase of around Rs 10,500 crore and Rs 8,500 crore in their quarterly assets, respectively.
In percentage terms, Mirae and Axis were the top gainers at 18% and 16% respectively among the large fund houses. Among the emerging fund houses, ITI MF registered a growth of 179% while PPFAS MF grew by 16%.
In October-December, most of the top fund houses did well with 19 of the 20 top fund houses witnessing an increase in their AAUM. Only Aditya Birla Sun Life MF saw a decline of nearly Rs 4,000 crore in its AAUM in the quarter ended December.
Meanwhile, emerging fund houses had a tough time in October-December. Of the 21 fund houses at the bottom, 11 witnessed a decline in their AAUM.
Average assets in October-December 2019
|
Fund house |
Oct-Dec AAUM (in crore) |
AAUM in July-Sep (in crore) |
Absolute change (in crore) |
Change |
|
SBI |
3,52,631.93 |
3,20,662.84 |
31,969.09 |
10% |
|
Axis |
1,22,867.23 |
1,05,526.17 |
17,341.06 |
16% |
|
ICICI Prudential |
3,61,506.57 |
3,48,068.36 |
13,438.21 |
4% |
|
IDFC |
1,04,629.71 |
94,150.54 |
10,479.17 |
11% |
|
Kotak |
1,76,961.25 |
1,68,399.32 |
8,561.93 |
5% |
|
Mirae Asset |
39,349.03 |
33,282.15 |
6,066.88 |
18% |
|
HDFC |
3,82,517.03 |
3,76,597.57 |
5,919.47 |
2% |
|
Tata |
52,677.67 |
49,646.07 |
3,031.61 |
6% |
|
UTI Mutual Fund |
1,57,119.09 |
1,54,229.01 |
2,890.08 |
2% |
|
Franklin Templeton |
1,26,475.25 |
1,24,025.02 |
2,450.23 |
2% |
|
L&T |
71,587.10 |
69,213.42 |
2,373.69 |
3% |
|
DSP |
77,212.54 |
75,415.56 |
1,796.97 |
2% |
|
Nippon India |
2,04,370.79 |
2,02,649.49 |
1,721.30 |
1% |
|
Invesco |
25,182.36 |
23,542.83 |
1,639.53 |
7% |
|
Motilal Oswal |
20,281.49 |
18,934.41 |
1,347.07 |
7% |
|
LIC |
16,623.64 |
15,467.84 |
1,155.81 |
7% |
|
Sundaram |
31,469.33 |
30,613.10 |
856.23 |
3% |
|
Canara Robeco |
17,310.03 |
16,540.23 |
769.80 |
5% |
|
Edelweiss |
12,414.68 |
11,763.71 |
650.98 |
6% |
|
Baroda |
11,153.06 |
10,675.56 |
477.50 |
4% |
|
BNP Paribas |
7,731.26 |
7,300.58 |
430.68 |
6% |
|
PPFAS |
2,770.38 |
2,378.52 |
391.86 |
16% |
|
Union |
4,284.54 |
4,089.34 |
195.20 |
5% |
|
ITI |
170.28 |
63.20 |
107.08 |
169% |
|
Mahindra |
5,258.47 |
5,221.26 |
37.21 |
1% |
|
Taurus |
431.34 |
410.22 |
21.12 |
5% |
|
Shriram |
184.62 |
170.52 |
14.11 |
8% |
|
Quantum |
1,457.13 |
1,452.83 |
4.30 |
0% |
|
Sahara |
50.13 |
48.92 |
1.21 |
2% |
|
Essel |
855.51 |
900.93 |
-45.42 |
-5% |
|
Principal |
6,729.79 |
6,837.85 |
-108.06 |
-2% |
|
IIFL |
1,231.52 |
1,348.78 |
-117.26 |
-9% |
|
Quant |
81.52 |
215.25 |
-133.73 |
-62% |
|
BOI AXA |
2,323.19 |
2,478.91 |
-155.72 |
-6% |
|
PGIM India |
4,042.07 |
4,264.14 |
-222.07 |
-5% |
|
IDBI |
5,088.64 |
5,347.80 |
-259.17 |
-5% |
|
HSBC |
11,255.27 |
11,746.87 |
-491.60 |
-4% |
|
YES |
395.27 |
916.61 |
-521.34 |
-57% |
|
Indiabulls |
1,452.63 |
2,236.97 |
-784.34 |
-35% |
|
JM Financial |
5,683.03 |
6,487.72 |
-804.69 |
-12% |
|
Aditya Birla Sun Life |
2,49,925.99 |
2,53,828.50 |
-3,902.51 |
-2% |
|
Total |
26,77,000.96 |
25,68,947.04 |
1,08,053.92 |
4% |
Source: AMFI
