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  • MF News Industry’s quarterly AUM up by 8%

    Industry’s quarterly AUM up by 8%

    SBI MF recorded highest growth in absolute terms by adding over Rs.16,000 crore in the fourth quarter of FY 2015-16.
    Team Cafemutual Apr 11, 2017

    Financial year ended on a good note for the mutual fund industry. The quarterly average AUM of the MF industry has grown by 8% in the last quarter of the FY 2016-17 compared to the preceding quarter, shows the latest AMFI data.

    SBI Mutual Fund saw the highest growth in its AUM in absolute terms. The fund house has added over Rs.16,000 crore to its kitty to reach 1.57 lakh crore AUM in March 2017 as against Rs.1.41 lakh crore in December 2016, a growth of 11%.

    HDFC Mutual Fund and Reliance Mutual Fund closely follow SBI in terms of AUM growth in absolute terms. Both the fund houses added over Rs.15,000 crore to their AUM kitty.

    In terms of size, fund houses like ICICI Prudential, HDFC, Reliance and Birla Sun Life still rule the roost with the highest recorded AUM for the last quarter at Rs.2.43 lakh crore, Rs.2.37 lakh crore, Rs. 2.11 lakh crore and Rs.1.95 lakh crore respectively.

    In terms of percentage, emerging fund houses like Mahindra, IIFL and BOI AXA have recorded growth of 37%, 33% and 23% respectively, largely on account of small base.

    Experts believe that the growth is largely due to sustained inflows in equity funds through SIP and mark to market gain. While fund houses have been receiving close to Rs.4000 crore each month through SIP, BSE Sensex has gained 11% in the last quarter of FY 2015-16.

    On the basis of absolute change (in Rs. lakh crore)

    AMC

    Jan 17 to Mar 17

    Oct16 to Dec16

    Absolute change (in 000’)

    Change %

    SBI Mutual Fund

    1.57

    1.41

    16028

    11%

    HDFC Mutual Fund

    2.37

    2.21

    15353

    7%

    Reliance Mutual Fund

    2.11

    1.95

    15045

    8%

    ICICI Prudential Mutual Fund

    2.43

    2.28

    14972

    7%

    Birla Sun Life Mutual Fund

    1.95

    1.81

    14240

    8%

    Kotak Mahindra Mutual Fund

    0.92

    0.82

    10081

    12%

    Axis Mutual Fund

    0.58

    0.49

    8419

    17%

    UTI Mutual Fund

    1.37

    1.29

    7420

    6%

    Franklin Templeton Mutual Fund

    0.82

    0.76

    5832

    8%

    DSP BlackRock Mutual Fund

    0.64

    0.58

    5819

    10%

     

    AMCs with highest AUM in Jan to March

    AMC

    Jan 17 to Mar 17

    Oct16 to Dec16

    Absolute change (in 000’)

    Change %

    ICICI Prudential Mutual Fund

    2.43

    2.28

    14972

    7%

    HDFC Mutual Fund

    2.37

    2.22

    15353

    7%

    Reliance Mutual Fund

    2.11

    1.96

    15045

    8%

    Birla Sun Life Mutual Fund

    1.95

    1.81

    14240

    8%

    SBI Mutual Fund

    1.57

    1.41

    16028

    11%

    UTI Mutual Fund

    1.37

    1.29

    7420

    6%

    Kotak Mahindra Mutual Fund

    0.92

    0.82

    10081

    12%

    Franklin Templeton Mutual Fund

    0.82

    0.76

    5832

    8%

    DSP BlackRock Mutual Fund

    0.64

    0.58

    5819

    10%

    IDFC Mutual Fund

    0.61

    0.58

    2638

    5%

     

    AUM change on the basis of percentage

    AMC

    Jan 17 to Mar 17

    Oct16 to Dec16

    Absolute Change

    Change %

    Mahindra Mutual Fund

    0.02

    0.01

    538

    37%

    IIFL Mutual Fund

    0.006

    0.004

    141

    33%

    BOI AXA Mutual Fund

    0.03

    0.03

    656

    23%

    LIC Mutual Fund

    0.21

    0.18

    3453

    19%

    Mirae Asset Mutual Fund

    0.074

    0.06

    1113

    18%

    Axis Mutual Fund

    0.57

    0.49

    8419

    17%

    Motilal Oswal Mutual Fund

    0.08

    0.07

    983

    14%

    Kotak Mahindra Mutual Fund

    0.92

    0.82

    10081

    12%

    L&T Mutual Fund

    0.39

    0.35

    4108

    12%

    Union Mutual Fund

    0.03

    0.03

    360

    12%

    Peerless Mutual Fund

    0.01

    0.009

    116

    12%

    Quantum Mutual Fund

    0.009

    0.008

    104

    12%

     

     

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