HDFC and ICICI Pru top the equity league tables

An analysis of equity AAUM of the top 10 fund houses shows that ICICI Prudential recorded the highest growth in its equity assets last fiscal. Its equity AAUM more than doubled from Rs. 20,462 crore in March 2014 to Rs. 47,379 crore in March 2015.

The largest fund house by assets - HDFC MF saw the second highest growth in its equity AAUM. Its AAUM grew by Rs. 24,748 crore from Rs. 31,457 crore to Rs. 56,205 crore during the same period. HDFC MF had the largest equity AAUM of Rs. 56, 205 crore in the industry as on March 2015.

The third largest fund house Reliance MF saw its equity AAUM grew by 76% from Rs. 24,676 crore to Rs. 43,414 crore crore during the same period.

In percentage terms, Kotak saw the highest growth. Its equity AAUM increased by 173% from Rs. 3,027 crore in March 2014 to Rs. 8,262 crore in March 2015.

The industry’s equity AUM almost doubled from Rs. 1.91 lakh crore to Rs. 3.45 lakh crore last fiscal, shows the AMFI data.

The top ten fund houses manage 80% or Rs. 2.83 lakh crore of industry’s total equity AUM (3.45 lakh crore) as on March 2015.  The top ten fund houses recorded saw their equity corpus grow by Rs. 1.30 lakh crore last fiscal. 

The record growth in equity assets was due to a combination of factors like mark to market gains, inflows in existing schemes and rush of NFOs. The BSE Sensex was up 25% last fiscal. This helped the industry receive net inflows of Rs. 68,121 in equity funds. Also, there were a rush of equity fund launches, mainly closed end funds.

(Balanced funds were excluded from this study)

Equity AAUM growth of top 10 AMCs in FY2014-15