The industry’s AAUM touched a new high of Rs. 11.88 lakh crore in March 2015 due to robust inflows in equity, debt as also mark to market gains.
ICICI Prudential recorded the highest growth in average assets under management in March quarter. Its AAUM went up by Rs. 11,796 crore from Rs. 1.36 lakh crore in December 2014 to Rs. 1.48 lakh crore in March 2015.
Birla Sun Life was the second highest AAUM gainer. Its AAUM went up from Rs. 1.07 lakh crore to Rs. 1.19 lakh crore during the same period, a growth of Rs. 11,783 crore. The third highest gainer was HDFC. Its AAUM went up by Rs. 11,166 crore from Rs. 1.50 lakh crore to Rs. 1.61 lakh crore during the same period.
HDFC Mutual Fund held on to mantle of being the largest fund house by AAUM. Its AAUM stood at Rs. 1.61 lakh crore in March 2015. ICICI Prudential was the second largest player with AAUM of Rs. 1.48 lakh crore, followed by Reliance at Rs. 1.37 lakh crore.
All in all, the industry’s AAUM touched a new high of Rs. 11.88 lakh crore in March, by adding Rs. 82,846 crore AAUM. Only eight fund houses saw a dip in their AAUM during March quarter.
The growth in AAUM can be partly attributed to the rising markets and flurry of new fund offers. The BSE Sensex was up 25% last fiscal. SEBI data shows that from April 2014 till February 2015, the industry has received Rs. 1.42 lakh crore in debt funds, Rs. 62,548 crore in equity funds and Rs. 8,335 crore in balanced funds.
Growth in AAUM during Jan-March quarter
