PPFAS MF, ITI MF witness rise in AAUM, while 39 AMCs see decline

Of the 41 fund houses in the MF industry, 39 have witnessed a decline in their AAUM in April-June, shows latest AMFI data. During this lockdown quarter, industry’s AAUM dropped by 9% to Rs 24 lakh crore from Rs 27 lakh crore in the preceding quarter.

However, PPFAS MF and ITI MF are the two fund houses that bucked the trend.  .

While AAUM of PPFAS MF grew by Rs 463 crore or 15% to Rs 3,600 crore in April-June, ITI MF's AAUM grew by Rs.54 crore to Rs.581 crore.

Neil Parag Parikh, Chairman and CEO, PPFAS believes their AMC’s consistent philosophy of value-investing and transparent communication has helped them grow their business even in such uncertain times. “Adding to it, our consistent exposure to international funds in the last seven years has finally paid off. Since 2013, we have kept about 28-32% exposure to international funds to protect downside risk and gain high returns,” said Neil.

George Heber Joseph, CEO and CIO, ITI MF said that having  the right products in place has contributed to the growth, albeit on a small base. “Besides, our effort to expand investor reach by opening 25 branches, fund availability on all online platforms, very few but right products, and the best talent in place are the biggest contributors to the growth,” said George.

Further, analysis of the data shows that in absolute terms, Franklin Templeton MF was the fund house with the highest decline in AAUM. Its AAUM fell by Rs 36,514 crore to Rs 79,808 crore. Aditya Birla Sun Life MF, Nippon India MF and ICICI Prudential MF were the next three fund houses that saw the highest drop in AAUM in absolute terms.

In percentage terms, Sahara MF, YES MF and Baroda MF witnessed the highest decline in AAUM with 99%, 77% and 38%, respectively.

(AAUM in Rs crore)