Average assets under management (AAUM) of the Indian mutual fund (MF) industry increased
3.67% (by Rs. 38864.53 crore) to Rs. 10.99 lakh crore during the quarter ended
December 2014 as against Rs 10.597 lakh crore registered during the quarter
ended September 2014, making it the fifth quarter of rise after fall in
September 2013 quarter.
The quarterly rise in AAUM is largely on account
of gains in equity markets. Besides, retail participation in equity schemes has
increased significantly during the recent months.
The AAUM increased by 25% in December 2014
quarter compared with December 2013 quarter.
On quarterly basis, of the 41 mutual funds (data available), 29 fund
houses registered rise in AAUM, while the rest resulted in fall during the
December quarter. There were two mutual funds whose AAUM fell by over 10% and
the names included —Peerless and Canara Robeco.
In the quarter ended December 2014 there were 09 fund houses which
witnessed a rise in their average quarterly AUM in the range of 11% to 55%,
while 20 AMCs saw a rise in the AUM in the range of 0.1%-10%.
Edelweiss posted more than 50% rise in AAUM, from Rs 379.70 crore to
Rs 587.64 crore, the highest among the fund houses which witnessed rise in
AAUM. It was followed by Motilal Oswal which posted 39.45% rise.
The top 5 fund houses — HDFC, Reliance, ICICI Prudential, Birla Sun
Life and UTI gained an aggregate of Rs 6.09 lakh crore in their AAUM over the
last quarter. Among the top 5 players, ICICI Prudential MF was the biggest
gainer as its AAUM increased by 7.13% or by Rs 9099.60 crore to Rs 1.37 lakh
crore over that in September 2014, retaining its second position.
HDFC retained its top position and its AAUM increased by 6.35% to Rs
1.50 lakh crore.
Birla Sun Life Mutual Fund gained 5.22% or Rs by 5352.34 crore
during the quarter and its AAUM stood at Rs 1.08 lakh crore.
Reliance MF grew 3.28%, to Rs 1.26 lakh crore. UTI MF grew its
assets by 4.97% but is still way behind from the Rs 1 lakh crore mark, at Rs
87390.13crore.
Share of the top 5 mutual funds' assets was 55% in the December
quarter.
No comments:
Post a Comment