Top fund houses see Rs 6407 crore increase in equity assets in FY 2012-13

HDFC Mutual Fund saw the highest increase of Rs 3024 crore in its equity assets in FY 2012-13. Its equity asset base went up from Rs 31174 crore in March 2012 to Rs 34198 crore in March 2013.  It added Rs 8818 crore in other categories.  

Though ICICI Prudential saw the highest increase in its total asset base (Rs 19117 crore), its equity AUM dropped marginally by Rs 273 crore. Similarly, Kotak Mahindra and DSP Black Rock also registered a dip in their equity assets to the tune of Rs 717 crore and Rs 318 crore respectively even as they saw a jump in their overall AUM.

UTI Mutual Fund saw the second highest growth in its equity assets to the tune of Rs 1094 crore from June 2012 to March 2013. (AUM data as on March 2012 was not available on UTI MF’s website). It saw a jump of Rs 10528 in its total AUM in the last fiscal.

IDFC Mutual Fund saw third largest increase in equity assets to the tune of Rs 1056 crore and it added Rs 6380 crore in debt funds. IDFC Mutual Fund moved up one notch higher to become the ninth largest fund house managing Rs 32886 crore in March 2013.  

“Around 85% of the equity AUM growth has been because of mark-to-market gains. We would have received around 150 crore in fresh inflows,” said Kalpen Parekh, CEO, IDFC Mutual Fund.

Although the S&P BSE Sensex was up 8% this last financial year, industry’s assets slipped from Rs 1.58 lakh crore in March 2012 to Rs 1.49 lakh crore in March 2013 due to redemptions in equity funds.  As per AMFI data, the industry saw net outflows of Rs 12931 crore last fiscal.

While a major portion of rise in equity assets has been attributed to mark-to-market gains, the industry has received decent inflows in debt funds. As per SEBI data, the industry clocked net inflows of Rs 90182 crore in debt funds last year.