Top 10 AMCs have recorded a marginal growth of 2% in their Profit after Tax (PAT) margin by registering a net profit of Rs 1126 crore in FY 2012-13 against Rs 1104 crore in the corresponding period last year, shows AMFI data. However, overall PAT of industry stood at Rs 758 as most of the fund houses have posted losses.
Among the top 10 AMCs, 7 fund houses saw an increase in their profitability.HDFCMF has overtaken Reliance MF as the most profitable AMC by registering 19% growth in PAT at Rs319 crore from Rs. 269 crore last year. Reliance MF’s PAT for fiscal 2012-13 stood at Rs. 198 crore, down 28% from last year at Rs. 276 crore.
SBI MF swung back to profitability by clocking a net profit of Rs.86 crore as against a net profit of Rs61crore in the previous year. Similarly, IDFC posted a healthy growth of 170% in PAT margin at Rs 27 crore against Rs 10 crore last year.
The profits of ICICI Prudential rose from Rs.88 crore in FY12 to Rs 110 crore in FY13. DSP BlackRock’s profit grew from Rs.50 crore in FY12 to Rs 57 crore in FY13. UTI’s PAT too increased from Rs 149 crore in FY 12 to Rs 134 crore in FY-13.
Meanwhile, Franklin Templeton and Kotak Mahindra recorded a dip in their profits.
|
AMC |
Net Profit (after
taxation) in 2012-13 |
Net Profit (after taxation) in 2011-12 |
Change |
|
HDFC |
319 |
269 |
19% |
|
Reliance |
198 |
276 |
-28% |
|
UTI |
149 |
134 |
11% |
|
ICICI Prudential |
110 |
88 |
25% |
|
Birla Sun Life |
87 |
76 |
14% |
|
SBI |
86 |
61 |
41% |
|
Franklin Templeton |
90 |
126 |
-29% |
|
DSP BlackRock |
57 |
50 |
14% |
|
Kotak Mahindra |
3 |
14 |
-79% |
|
IDFC |
27 |
10 |
170% |
|
Total |
1126 |
1104 |
2% |
Source – AMFI
Note – Franklin Templeton data is from September 30 2011 to September 30 2012.
