ICICI Pru registers the highest asset growth; Reliance, Birla Sun Life and J P Morgan too add sizeable assets in October – December quarter, shows the latest AMFI data.
HDFC Mutual Fund once again crossed Rs 1 lakh crore asset mark, but this time on a quarterly average basis for October – December 2012, thanks to a rise in Indian equities coupled with inflows in its debt funds. It added Rs 3619 crore in October-December quarter. It had earlier crossed the Rs 1 lakh crore asset base in November 2009.
Reliance Mutual Fund saw the third largest growth in assets, taking its AUM to Rs 90636 crore in December from Rs 86327 crore in September 2012.
Among the smaller fund houses, Union KBC and IDBI registered an impressive growth.
The rise in industry’s assets was helped by the 900-plus points rally by Sensex from October to December. The largest asset growth was registered by ICICI Prudential at Rs 5007 crore, followed by JP Morgan (Rs 4311 crore), Reliance (Rs 4309 crore) and Birla Sun Life (Rs 3985 crore). “The industry’s assets have grown due to an upside in market valuations and some inflows in debt funds,” said a sales head of a bank sponsored fund house.
The rally has also prompted investors to cash out of equity funds. The industry saw net outflows of Rs 9370 crore from equity funds year to date.
Among the top fund houses, Tata and UTI saw a marginal dip in their assets. The industry’s asset rose to Rs 7.93 lakh crore in November from Rs 7.68 lakh crore in October.
Top 15 AAUM gainers
|
AMC |
AAUM Oct-Dec |
AAUM Jul-Sep |
Change |
|
ICICI |
81394 |
76388 |
5007 |
|
JPMorgan |
13300 |
8989 |
4311 |
|
Reliance |
90636 |
86327 |
4309 |
|
Birla Sun Life |
76890 |
72904 |
3985 |
|
HDFC |
101393 |
97774 |
3619 |
|
SBI |
53311 |
50959 |
2352 |
|
IDFC |
30002 |
28004 |
1998 |
|
JM Financial |
7467 |
5624 |
1843 |
|
Franklin Templeton |
40869 |
39046 |
1823 |
|
Kotak |
31773 |
30316 |
1457 |
|
Religare |
14025 |
12656 |
1369 |
|
Deutsche |
18037 |
16807 |
1230 |
|
Sundaram |
14595 |
|
