HDFC, Reliance and ICICI Prudential record highest AUM growth in April-June

A combination of factors like mark-to-market gains and inflows in debt funds helped industry gain Rs. 84,177 crore AUM in the last quarter.

Thanks to mark-to-market gains and inflows in both debt and equity schemes, the assets under management of the industry surged by Rs. 84,177 crore or by 9% during April-June to reach Rs. 9.86 lakh crore from Rs. 9.02 lakh crore during the Jan-Mar quarter. 

The BSE Sensex was up 14% in the last quarter. The MF industry’s assets had reached a record high of Rs. 10 lakh crore in May.  

During April-June quarter, HDFC Mutual Fund registered the highest growth in assets (in absolute terms) at Rs.17,073 crore, followed by ICICI Prudential (Rs. 11,234 crore) and Reliance (Rs. 9,372 crore).  

HDFC retained its top position at Rs. 1.30 lakh crore, followed by ICICI Prudential at Rs. 1.18 lakh crore and Reliance at Rs. 1.12 lakh crore.

Goldman Sachs saw the highest growth in percentage terms of 64% in its assets. Its AAUM went up to Rs. 6,179 crore during April-June from Rs. 3764 crore during Jan-March. The fund house had launched government’s CPSE ETF which mopped up Rs. 3,000 crore.

Motilal Oswal Mutual Fund saw the second highest growth at 55%. Its AAUM went up from Rs. 489 crore to Rs. 758 crore during the same period. “We launched a multi cap fund to complete our product range. This fund collected Rs. 64 crore during NFO. We also received inflows in our large cap and mid cap funds. Apart from this, we saw inflows of about Rs. 200 crore in our ETFs from institutions,” said Aashish P Somaiyaa, Managing Director & CEO, Motilal Oswal Mutual Fund. 

Mirae Asset saw its AAUM increase by 35% from Rs. 692 crore to Rs. 937 crore. Indiabulls AAUM increased by 30% while Axis MF saw its AAUM grow by 25% from Rs.16,154 crore to Rs. 20,268 crore.

JPMorgan, LIC Nomura, Canara Robeco, Peerless, Pramerica, PineBridge, ING, IIFL and Sahara were among the fund houses which saw their AUM dip. 

Equity markets are rallying on the hope of some positive announcements by the finance minister. With the positivity surrounding the markets, fund officials believe that the industry’s assets are likely to go up further from here.

Growth in assets of top ten AMC