The remaining 38 fund houses manage 47% of industry’s Rs 1.62 lakh crore equity assets
Mumbai: The top four fund houses account for more than 50% equity AUM of the industry. The largest equity assets are held by Reliance AMC at Rs. 27,351 crore, followed by HDFC at Rs. 26,122 crore while UTI AMC holds the third position at Rs. 18,734 crore and ICICI Prudential AMC has Rs. 13,763 crore under its equity corpus.
The next top 4 AMCs (Franklin, DSP Black Rock, SBI and Birla Sun Life) manage Rs. 41,999 crore and account for 26% of industry’s equity assets. Put together, the top 8 AMCS account for 79% of equity AUM.
The mutual fund industry has Rs. 1.62 lakh crore in equity assets (excluding ELSS). If we analyze equity assets as a percentage of the total AUM, Mirae, Quantum, Bharti Axa and Fidelity hold more than 50% of their assets in equity though, barring Fidelity AMC, these fund houses have small corpus of equity AUM in absolute terms.
ELSS account for Rs. 22,501 crore or 4% of equity assets of the industry. Six top fund houses hold more than 50% of ELSS corpus in the industry.
Fund houses been promoting SIPs which assure regular inflows, both for AMCs and distributors. A large portion of equity inflows is believed to be coming through SIPs. Despite the uncertainty prevailing in the market, equity funds recorded inflows of Rs. 1,401 crore in the month of September.
Equity AUM
AMC *Equity AUM (cr) Total AUM (cr) Percentage of AUM Reliance 27351 90661 30% HDFC 26122 91827 28% UTI 18734 62580 30% ICICI Prudential 13763 75217 18% Franklin Templeton 12417 34410 36% DSP Black Rock 10,737 30,084 36% SBI 9907 47731 21% Birla Sun Life 8,938 64,217 14% Sundaram 6375 15110 42% Fidelity 4,996 9,120 55% IDFC 4770 28908 17% Tata 4515 22634 20% Kotak 2683 32101 8% LIC NOMURA 1791 7075 25% HSBC 1472 4,952 30% PRINCIPAL 1168 4536 26% Canara Robeco 1,028 6,920 15% JP Morgan 794 4748 17% Axis 787 7894 10% JM Financial 593 6468 9%
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