India's Mutual Fund (MF) asset management companies (AMCs) have seen a rise of 19.5% in their average assets under management (AAUM) in 2012-13) FY13. After dipping to less than Rs. 7 lakh crore in the previous financial year (2011-12), the sector has made a smart comeback - thanks to the high inflows in the debt funds and gains in the stock indices.
Interestingly, majority of the top TEN (10) players have outperformed the MUTUAL FUND industry's growth with a wide margin.
For instance, Birla Sun Life MF, ICICI Prudential MF, Kotak MF, IDFC MF and SBI MF, among others, registered a growth of between 25% and 40% during the 2012-13 year.
On the other hand, giants such as HDFC MF and Reliance MF managed to post a growth of 13% and 21%, respectively.
According to the latest statistics available from industry body Association of Mutual Funds in India (AMFI), the MF sector's average assets stood at Rs. 8.16 lakh crore as on March 31, 2013, compared to Rs. 6.64 lakh crore a year ago. Whereas in the quarter ended March 31, 2013, average assets grew a little less than 1%.
Reliance Mutual Fund, whose assets had dipped to below. Rs 80,000 crore, came back strongly and inched close to its lost Rs. 1 lakh crore mark with assets at Rs. 94,580 crore.
Gilt funds, which invest primarily in government securities, attracted a consistent sum of Rs. 1,000 crore for many months in the second half.
Average Assets Under Management - MF* ..!
Fund House Mar. 2012 Mar.2013 Growth ( % )
Kotak MF 25,738.06 35,361.35 37.38%
SBI MF 42,041.54 54,905.44 30.59%
IDFC MF 25,450.23 32,885.99 29.21%
ICICI MF 68,718.49 87,835.07 27.81%
Birla MF 61,142.50 77,046.43 26.01%
Reliance MF 78,111.79 94,580.19 21.08%
Franklin MF 34,492.67 41,564.26 20.50%
UTI MF 58,922.14 69,450.39 17.86%
HDFC MF 89,878.74 1,01,720.27 13.17%
DSPBR MF 29,298.26 32,342.32 10.38%
MF Industry 6,64,791.56 8,16,399.53 22.80%
* All figures in Rs Crore
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