MF industry AUM reaches a new high

The industry’s assets under management increased from Rs 8.16 lakh crore in March 2013 to Rs 8.46 lakh crore in June 2013 mainly due inflows in debt funds.

The mutual fund industry’s average assets under management reached a new high of Rs 8.46 lakh crore in April – June 2013 quarter due to robust inflows in debt funds, shows the latest AMFI data.The industry’s assets went up by Rs 30020 crore during the same period.

In a press release, CRISIL attributed this to inflows in debt and gilt funds. “Assets of long-term debt and gilt funds rose in the June quarter due to continued inflows into the category with investors expecting the interest rate scenario to ease in the coming months. AUM of long-term debt funds have now risen for the past eight consecutive quarters. The category’s average AUM rose by Rs 265 bn (or 31%) during the quarter - the highest absolute gain for the category since AMFI started declaring average AUM data in September 2010 – to Rs 1.12 trillion; this is the first time that the category has crossed the Rs 1 trillion mark,” stated CRISIL.

23 AMCs recorded a surge in their assets with all the top ten fund houses seeing a growth in their assets. IDFC and UTI saw the highest growth in their assets with an increase of Rs 6052 crore and Rs 5256 crore respectively.

HDFC retained its position of being the largest AMC by assets. Its AUM increased 3% from Rs 1.01 lakh crore to Rs 1.04 lakh crore. Reliance Mutual Fund also saw its AUM increase by 3% from Rs 94580 crore during Jan – Mar 2013 to Rs 97771 crore during April – June 2013.

Daiwa saw the steepest AAUM decline of 51% from Rs 266 crore during January - March 2013 to Rs 131 crore in April – June 2013.

AAUM of top 10 AMCs