The top five AMCs manage more than 50% of industry’s assets under management.
Top ten fund houses continue to maintain their dominant position in the mutual fund industry. These AMCs manage 78% of the total Rs.10.6 lakh crore AUM as on September 2014.
AMFI data shows that top five AMCs – HDFC, ICICI Prudential, Reliance, Birla Sun Life and UTI manage 55% of the total AUM as on September 2014.
On quarterly basis, the industry has witnessed 7% growth in AAUM from Rs. 9.9 lakh crore as on June 2014 to Rs.10.6 lakh crore as on September 2014.
Interestingly, the industry has witnessed this growth largely on account of renewed interest in equity funds. The industry saw lower redemptions and fresh inflows in existing as well as new schemes.
SEBI data shows that the industry has added over 1 lakh folios across all scheme categories in August 2014. The folio count has increased to 3.92 crore in August from 3.91 crore in July.
Through
large part of the inflows came in existing equity funds, new fund launches also
managed to receive good inflows. Nine fund houses have collectively launched 27
closed end equity funds till July 2014. In just nine months, these fund houses
have mopped up close to Rs. 4,412 crore. AMFI data shows that seven new equity
funds collectively mopped up Rs.1,229 crore in August 2014.
AAUM of top ten fund houses as on September 2014
