UTI, Birla Sunlife, Kotak, Reliance and HDFC add highest assets during July-Sept quarter, shows the latest AMFI data.
UTI Mutual Fund recorded the highest average assets under management growth (AAUM) of Rs 9860 crore during July-Sep quarter. Its AUM now stands at Rs 70783 crore, up 16 % from Rs 60923 crore during April-June. Birla Sunlife saw the second largest AAUM growth (Rs 5699 crore) from Rs 67206 crore to Rs 72904 crore, up 8% during the same period.
In percentage terms, Kotak AMC recorded the highest increase of 20%. Reliance and HDFC also added Rs 5632 crore and Rs 5149 respectively. All in all, 34 AMCs saw a positive AAUM growth, adding Rs 57742 crore in all to their kitty.
Axis Mutual Fund crossed the Rs 10,000 crore AUM mark once again. Its AUM went up from Rs 8759 crore during April-June to Rs 10490 crore, up 20% during July-Sep.
The industry’s assets went up from Rs 6.92 lakh crore during April-June to Rs 7.47 lakh crore during July-September, thanks largely to inflows in fixed income funds. The BSE Sensex has gained 1527 points or 9% from July till September end.
The industry has seen robust inflows in debt schemes in July and August while equity funds have not been able to garner good inflows which resulted in a net outflow of Rs 2900 crore.
In August, the industry saw a net inflow of Rs 7,548 crore and Rs 14,775
crore in income and liquid/money market funds respectively. Similarly, in July
the net inflows were positive at Rs 21,670 for income schemes and Rs 17,708
crore for income/money market schemes.
