Quant MF, Trust MF and ITI MF were the top three fastest growing mutual funds during the April-June period (Q1) of FY 2021-22. While Quant MF has witnessed 127% gain in AUM, Trust MF and ITI MF saw 37% and 32% rise in AUM, shows the latest AMFI data.
PPFAS MF and PGIM India MF were the other mutual funds to register over 20% growth. PPFAS MF's AUM rose by 30% to Rs. 11,342 crore, while PGIM India's assets went up 24% to Rs.8,110 crore during the first quarter of FY 2022.
Top 10 fastest growing MFs:
|
Fund house |
QAAUM (Apr-June 2021) |
QAAUM (Jan-March 2021) |
Change |
% change |
|
Quant MF |
1,642 |
722 |
920 |
127 |
|
Trust MF |
858 |
625 |
233 |
37 |
|
ITI MF |
1,562 |
1,179 |
383 |
32 |
|
PPFAS MF |
11,342 |
8,720 |
2,622 |
30 |
|
PGIM India MF |
8,110 |
6,527 |
1,583 |
24 |
|
Edelweiss MF |
54,406 |
46,849 |
7,557 |
16 |
|
Canara Robeco MF |
32,540 |
28,273 |
4,267 |
15 |
|
Union MF |
5,916 |
5,240 |
676 |
13 |
|
Mirae Asset MF |
77,674 |
69,598 |
8,076 |
12 |
|
Baroda MF |
10,644 |
9,641 |
1,003 |
10 |
*All numbers are in Rs crore *QAAUM stands for quarterly average assets under management
However, the stellar growth of these MFs came on a very low base.
In absolute terms, top ranked fund house SBI MF's AUM grew at the fastest pace with Rs 18,700 crore addition in AUM. Kotak Mahindra MF came in second with Rs 12,800 crore increase in AUM. Nippon India MF, Axis MF and ICICI Prudential MF were the next three in the list.
Top 5 fastest growing MFs in absolute terms:
|
Fund house |
QAAUM (Apr-June 2021) |
QAAUM (Jan-March 2021) |
Change |
% change |
|
SBI MF |
5,23,198 |
5,04,455 |
18,743 |
4 |
|
Kotak Mahindra MF |
2,46,584 |
2,33,780 |
12,804 |
5 |
|
Nippon India MF |
2,40,364 |
2,28,586 |
11,778 |
5 |
|
Axis MF |
2,08,142 |
1,96,549 |
11,593 |
6 |
|
ICICI Prudential MF |
4,16,700 |
4,05,406 |
11,294 |
3 |
All numbers are in Rs crore
Franklin Templeton MF and Yes Bank MF continued to see a decline in the first quarter of the new financial year. FT MF's AUM shrank 27% to Rs 60,500 crore last quarter while Yes Bank MF witnessed a 26% fall in AUM.
MFs with highest fall in AUM:
|
Fund house |
QAAUM (Apr-June 2021) |
QAAUM (Jan-March 2021) |
Change |
% change |
|
Franklin Templeton MF |
60,525 |
82,553 |
-22,028 |
-27 |
|
YES MF |
81 |
110 |
-29 |
-26 |
|
JM Financial MF |
2,134 |
2,389 |
-255 |
-11 |
|
Indiabulls MF |
631 |
664 |
-33 |
-5 |
All numbers are in Rs crore
