Sponsor and associates of Birla Sun Life Mutual Fund, SBI Mutual Fund and DSP BlackRock have the highest percentage of contribution in their total average asset under management (AAUM), shows the latest data published by fund houses. The promoters of these fund houses have an 8% share in total AAUM.
In a first of its kind disclosure, AMCs have disclosed the AUM contributed by sponsors, contribution to AUM from investors type (retail, corporate, etc.) in different scheme types (equity, debt, ETF, etc.) and state-wise/union territory-wise contribution to AUM. It is now a monthly disclosure. Earlier, fund houses used to disclose the AUM break up of T-15 and B-15 cities and the AUM of different categories of schemes like equity, balanced, debt, ETF, etc. on a quarterly basis on their websites.
With investment of Rs. 6,586 crore, the sponsor and associates, of Birla Sun Life Mutual Fund had the highest contribution in AAUM followed by SBI Mutual Fund (Rs. 5,218) and ICICI Prudential Mutual Fund (Rs. 4,972 crore).
Among the top ten fund houses in terms of AAUM, the promoters of HDFC Mutual Fund and Reliance Mutual Fund have invested Rs.4,032 crore and Rs. 3,651 crore respectively. On the other hand, the sponsor and associates of Franklin Templeton Mutual Fund and Kotak Mutual Fund have the lowest contribution of Rs. 70 crore and Rs. 176 crore respectively in their total AAUM.
The data shows that such investments are largely made in liquid funds.
Contribution of sponsor and associates of top ten AMCs in terms of AAUM
|
Fund House |
Contribution of sponsor and its associates in Monthly AAUM |
AUM as on March 31, 2014 excluding Fund of Funds |
% in total AUM |
|
Birla Sun Life |
6586 |
86085 |
8% |
|
SBI |
5218 |
67819 |
8% |
|
ICICI Prudential |
4972 |
106000 |
5% |
|
HDFC |
4032 |
113447 |
4% |
|
Reliance |
3651 |
103363 |
4% |
|
DSP BlackRock |
2485 |
31361 |
8% |
|
UTI |
2395 |
72893 |
3% |
|
IDFC |
1525 |
41245 |
4% |
|
Kotak |
176 |
32950 |
1% |
|
Franklin Templeton |
70 |
46091 |
0.1% |
