Mirae Asset MF, Canara Robeco MF and Invesco MF are the top 3 fund houses respectively in percentage terms to chart the highest increase in their equity holdings in July, shows a report by Motilal Oswal Financial Services. The report analysed the month on month change in the top 20 fund houses’ equity exposure i.e. equity components of all schemes.
Next in the list are Axis MF, Kotak MF and UTI MF. All these fund houses witnessed over 7% rise in their equity exposure.
According to the report, the rise in equity exposure is a combination of inflows to the fund and mark to market changes in the fund house’s equity assets.
Further, the report shows that the MF industry’s top 20 fund houses have witnessed nearly 5% jump in their equity exposure to Rs.11.07 lakh crore in July from Rs.10.49 lakh crore in June. This was largely following the continuous recovery in the equity market even as fund houses witnessed outflows from the equity fund category, shows the report.
Among all the fund houses, SBI MF has the highest exposure to equities at over Rs.2 lakh crore. Next in the list are HDFC MF with Rs.1.33 lakh crore, ICICI Prudential MF at Rs.1.26 lakh crore, Nippon India MF at Rs.89,200 crore, UTI MF at Rs.77,900 crore and Aditya Birla Sun Life MF at Rs. 75,000 crore.
|
Fund house |
Equity exposure value in July (Rs Cr) |
Equity exposure value in June (Rs Cr) |
Absolute change (in Rs crore) |
Change percentage |
|
Mirae Asset |
41,600 |
38,300 |
3,300 |
8.62% |
|
Canara Robeco |
12,500 |
11,600 |
900 |
7.76% |
|
Invesco |
12,600 |
11,700 |
900 |
7.69% |
|
Axis |
70,100 |
65,100 |
5,000 |
7.68% |
|
Kotak |
66,800 |
62,400 |
4,400 |
7.05% |
|
UTI |
77,900 |
72,800 |
5,100 |
7.01% |
|
SBI |
200,400 |
188,100 |
12,300 |
6.54% |
|
Principal |
5,100 |
4,800 |
300 |
6.25% |
|
Tata |
23,400 |
22,200 |
1,200 |
5.41% |
|
DSP |
37,700 |
35,900 |
1,800 |
5.01% |
|
Nippon India |
89,200 |
85,300 |
3,900 |
4.57% |
|
Motilal Oswal |
17,000 |
16,300 |
700 |
4.29% |
|
Aditya Birla Sun Life |
75,000 |
72,200 |
2,800 |
3.88% |
|
HDFC |
132,800 |
128,100 |
4,700 |
3.67% |
|
L&T |
31,700 |
30,600 |
1,100 |
3.59% |
|
Sundaram |
17,100 |
16,600 |
500 |
3.01% |
|
BNP Paribas |
4,000 |
3,900 |
100 |
2.56% |
|
IDFC |
20,900 |
20,500 |
400 |
1.95% |
|
ICICI Pru |
125,800 |
123,500 |
2,300 |
1.86% |
|
Franklin Templeton |
39,300 |
38,700 |
600 |
1.55% |
|
Total |
1,100,900 |
1,048,600 |
52,300 |
4.99% |
|
Nifty |
11073 |
10302 |
771 |
7.48% |
