The first quarter of FY 2020-21 wasn’t so encouraging for the MF industry. Barring two, all fund houses registered a fall in their AAUM in the June quarter.
Overall, the industry’s assets came down by Rs.2.40 lakh crore to reach average AUM of Rs.24.60 lakh crore in April-June.
SBI MF and HDFC MF continue to hold the top two positions of highest AAUM, shows quarterly AMFI data. SBI MF’s AAUM stood at Rs.3.6 lakh crore, down by merely 2% or Rs.9,000 crore from last quarter. HDFC MF’s AAUM was at Rs.3.5 lakh crore, down by 4% or Rs.13,000 crore.
The lockdown quarter has been good for Axis MF as it became the 7th largest fund house, overtaking UTI MF. While both the fund houses witnessed a decline in AAUM, Axis MF fell by 3% or Rs.4,000 crore at Rs.1.34 lakh crore. UTI MF lost 12% or Rs.17,000 crore at Rs.1.33 lakh crore.
ICICI Prudential, Aditya Birla Sun Life, Nippon India and Kotak MF remained in the top 10 list. AAUM of these fund houses stood at Rs.3.26 lakh crore, Rs.2.14 lakh crore, Rs.1.80 lakh crore and Rs.1.67 crore, respectively.
Both ICICI Prudential and Nippon India saw an erosion of assets of over Rs.24,000 crore compared to last quarter. Aditya Birla Sun Life MF saw a fall of over Rs.32,000 crore from its average AUM.
In terms of percentage, SBI, HDFC, and Axis MF saw the smallest drop in AAUM with 2%, 4% and 3% respectively.
|
Fund house name |
AAUM in Apr-Jun |
AAUM in Jan-Mar |
Difference |
Change in % |
|
SBI Mutual Fund |
364362.98 |
373536.61 |
-9173.63 |
-2% |
|
HDFC Mutual Fund |
356183.42 |
369782.8 |
-13599.38 |
-4% |
|
ICICI Prudential Mutual Fund |
326291.18 |
350743.49 |
-24452.31 |
-7% |
|
Aditya Birla Sun Life Mutual Fund |
214591.96 |
247521.68 |
-32929.72 |
-13% |
|
Nippon India Mutual Fund |
180060.7 |
204883.72 |
-24823.02 |
-12% |
|
Kotak Mutual Fund |
167325.59 |
186088.47 |
-18762.88 |
-10% |
|
Axis Mutual Fund |
134315.74 |
138401.62 |
-4085.88 |
-3% |
|
UTI Mutual Fund |
133631.09 |
151512.53 |
-17881.44 |
-12% |
|
IDFC Mutual Fund |
101769.77 |
103911.79 |
-2142.02 |
-2% |
|
Franklin Templeton Mutual Fund |
79808.39 |
116322.8 |
-36514.41 |
-31% |
|
DSP Mutual Fund |
73477.34 |
80421.59 |
-6944.25 |
-9% |
|
L&T Mutual Fund |
58361.93 |
71055.79 |
-12693.86 |
-18% |
|
Tata Mutual Fund |
48202.34 |
53149.03 |
-4946.69 |
-9% |
|
Mirae Asset Mutual Fund |
40998.21 |
43200.31 |
-2202.1 |
-5% |
|
Sundaram Mutual Fund |
25794.24 |
31376.81 |
-5582.57 |
-18% |
|
Edelweiss Mutual Fund |
23619.74 |
24471.58 |
-851.84 |
-3% |
|
Invesco Mutual Fund |
23103.43 |
25664.5 |
-2561.07 |
-10% |
|
Canara Robeco Mutual Fund |
17262.99 |
17942.45 |
-679.46 |
-4% |
|
Motilal Oswal Mutual Fund |
17230.43 |
19956.53 |
-2726.1 |
-14% |
|
LIC Mutual Fund |
15002.38 |
16605.41 |
-1603.03 |
-10% |
|
HSBC Mutual Fund |
8715.25 |
11327.31 |
-2612.06 |
-23% |
|
Baroda Mutual Fund |
7307.48 |
11808.53 |
-4501.05 |
-38% |
|
BNP Paribas Mutual Fund |
6380.24 |
7647.31 |
-1267.07 |
-17% |
|
Principal Mutual Fund |
5494.77 |
6403.41 |
-908.64 |
-14% |
|
Mahindra Manulife Mutual Fund |
4707.52 |
5396.27 |
-688.75 |
-13% |
|
JM Financial Mutual Fund |
4048.62 |
6109.27 |
-2060.65 |
-34% |
|
IDBI Mutual Fund |
3762.34 |
5030.93 |
-1268.59 |
-25% |
|
PGIM India Mutual Fund |
3693.37 |
4335.29 |
-641.92 |
-15% |
|
Union Mutual Fund |
3623.49 |
4075.49 |
-452 |
-11% |
|
PPFAS Mutual Fund |
3600.9 |
3137.64 |
463.26 |
15% |
|
BOI AXA Mutual Fund |
1943.38 |
2270.76 |
-327.38 |
-14% |
|
IIFL Mutual Fund |
1508.64 |
1832.44 |
-323.8 |
-18% |
|
Quantum Mutual Fund |
1197.57 |
1361.63 |
-164.06 |
-12% |
|
Indiabulls Mutual Fund |
969.62 |
1549.59 |
-579.97 |
-37% |
|
Essel Mutual Fund |
638.58 |
763.07 |
-124.49 |
-16% |
|
ITI Mutual Fund |
581.1 |
526.8 |
54.3 |
10% |
|
Taurus Mutual Fund |
357.77 |
418.52 |
-60.75 |
-15% |
|
quant Mutual Fund |
238.85 |
248.56 |
-9.71 |
-4% |
|
Shriram Mutual Fund |
165.14 |
182.28 |
-17.14 |
-9% |
|
Yes Mutual Fund |
56.98 |
252.52 |
-195.54 |
-77% |
|
Sahara Mutual Fund |
0.41 |
46.48 |
-46.07 |
-99% |
|
Grand total |
2462769.93 |
2703675.79 |
-240905.86 |
-9% |
