During the lockdown months of April and May, fund houses like HDFC, SBI and IDFC have witnessed the highest AUM growth in the MF industry.
An analysis of the AUM of the top 20 fund houses shows that HDFC MF saw the highest increase in assets. With an increase of Rs 16,009 crore assets, HDFC MF’s monthly average AUM rose to Rs 3.54 lakh crore in May as against Rs 3.38 lakh crore in March.
Next in the list is the industry leader SBI MF. The fund house’s monthly AAUM in May rose to Rs 3.61 lakh crore from Rs 3.50 lakh crore in March, an increase of Rs 11,510 crore.
IDFC MF occupied the third spot in this list. IDFC MF’s monthly AAUM rose past Rs 1 lakh crore in May from Rs 97,858 crore.
Tata MF bagged the 4th place in this table as the fund house’s monthly AAUM in May rose to Rs 47,985 crore from Rs 46,502 crore in March. Other fund houses to register a positive growth in assets are Axis MF and Mirae Asset MF.
Among the top 20 fund houses, 7 fund houses have witnessed an increase in their assets, while 13 fund houses marked a decline. Overall, the top 20 fund houses saw their AUM shrink nearly Rs 26,400 crore.
|
Fund House |
AAUM in Mar (Rs cr) |
AAUM in May (Rs cr) |
Change |
|
HDFC |
338,031 |
354,040 |
16,009 |
|
SBI |
349,906 |
361,416 |
11,510 |
|
IDFC |
97,858 |
102,096 |
4,238 |
|
Tata |
46,502 |
47,985 |
1,483 |
|
Axis |
131,653 |
132,885 |
1,232 |
|
Mirae Asset |
39,221 |
40,151 |
930 |
|
Canara Robeco |
16,938 |
17,065 |
127 |
|
Edelweiss |
23,624 |
23,522 |
-102 |
|
Invesco |
22,828 |
22,696 |
-132 |
|
Principal |
5,665 |
5,397 |
-268 |
|
BNP Paribas |
6,990 |
6,309 |
-681 |
|
Motilal Oswal |
17,653 |
16,916 |
-737 |
|
DSP |
73,747 |
72,494 |
-1,253 |
|
ICICI Pru |
322,086 |
320,693 |
-1,393 |
|
UTI |
134,144 |
131,855 |
-2,289 |
|
Sundaram |
27,801 |
25,284 |
-2,517 |
|
L&T |
63,559 |
57,225 |
-6,334 |
|
Nippon |
184,704 |
176,588 |
-8,116 |
|
Aditya Birla Sun Life |
225,386 |
211,241 |
-14,145 |
|
FT |
99,558 |
75,608 |
-23,950 |
