Industry AUM goes up despite a fall in markets in the first quarter of 2011-12
Mumbai: The mutual fund industry clocked 6% growth in its average assets under management by adding Rs 42,546 crore during the quarter ended June 2011 to Rs 7.43 lakh crore from Rs 7 lakh crore in the quarter ended March 2011. The BSE Sensex lost 2 % during the same period.
During the quarter ending March 2011, MF industry’s AUM touched to Rs 7 lakh crore from Rs 6.75 lakh in October - December 2010.
Barring Reliance, other top fund houses like HDFC, ICICI, UTI, Birla Sun Life and SBI registered a growth in their average AUM. Reliance saw a marginal dip of 0.30 %.
All in all, 29 fund houses recorded a spurt in their average assets.
|
Higesht Gainers Value terms |
Change (Rs cr) |
Percentage |
|
IDFC Mutual Fund |
6830 |
32.5 |
|
ICICI Prudential Mutual Fund |
6294 |
8.6 |
|
SBI Mutual Fund |
6203 |
14.9 |
|
HDFC Mutual Fund |
5751 |
6.7 |
|
Birla Sun Life Mutual Fund |
3779 |
5.9 |
|
Source: AMFI | ||
In percentage terms, Daiwa, Taurus and Baroda Pioneer recorded a growth of 172 %, 96 % and 71 % respectively. IDFC MF saw the highest spurt in its assets (Rs 6830 crore) followed by ICICI MF (Rs 6294 crore), SBI MF (Rs 6,203 crore), HDFC MF (Rs 5,751 crore) and Birla Sun Life (Rs 3,779 crore).
|
Highest Gainers Percentage Terms |
Percentage |
|
Daiwa Mutual Fund |
172 |
|
Taurus Mutual Fund |
96 |
|
Baroda Pioneer Mutual Fund |
71 |
|
Sahara Mutual Fund |
48 |
|
IDBI Mutual Fund |
44 |
Franklin Templeton, LIC Nomura, Axis and DSP Black Rock saw a fall in their average assets.
“The growth in the industry’s AUM is largely due to inflows in FMPs, ultra short term funds and liquid funds. The inflows in equities have been positive in the month of June,” says Srinivas Jain, CMO, SBI MF.
