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Friday, September 03, 2010

AAUM of Mutual Fund Industry Increases in August '10

Average assets under management (AAUM) of the mutual fund industry climbed up 3.30% or Rs 21992.11 crore to Rs 6.87 lakh crore in August. The improved liquidity condition had allowed banks and corporate to park their excess money with mutual funds leading to the surge in assets. Moreover the collections from the new launches added for the growth. The industry had been witnessing a decline in their asset base for the past two months i.e. June and July on account of withdrawal by corporates and banks. In July 2010, the industry had faced fall in assets by 1.52%. 

The assets of the industry were also boosted by the marginal rise in Indian equities in August. Both the key market indices, BSE Sensex and S&P CNX Nifty had risen 0.58% and 0.65% respectively in August compared to a gain of 0.95% and 1.04% respectively in July. 

Domestic mutual funds (MFs) continue to buy debt instruments while they remained net sellers in equities in August. Mutual funds selling in equities stood at Rs 3169.60 crore in August, however the selling was lower than its Rs 4405.30 crore selling in July. Of the 22 trading sessions in August, mutual funds were net buyers in only 6 sessions and net sellers in the remaining 16 sessions. On the other hand, mutual funds were net buyers of debt papers worth Rs 22241.6 crore in August as against net buying of Rs 1003.10 crore in July. MFs were net buyers of debt securities in 17 out of 22 trading sessions. During the current calendar year, MFs have been net sellers of debt securities only in March and June, apart from that they have been net buyers.

Of the forty fund house, 30 reported rise in AAUM, while the remaining 10 reported fall in AAUM. New entrants into the industry have seen highest surge in assets on absolute terms. AAUM of Motilal Oswal Mutual Fund surged by 763.37%, followed by IDBI Mutual Fund (154.84%), Peerless Mutual Fund (77.85%), Axis Mutual Fund (33.52%), JPMorgan Mutual Fund (22.81%), Baroda Pioneer Mutual Fund (19.49%), JM Financial Mutual Fund (19.43%) and Shinsei Mutual Fund (18.59%) among others

Pramerica Mutual Fund which is a new entrant into the industry recorded AAUM of Rs 101.68 crore in August.

Among the top ten fund house based on AAUM, HDFC Mutual Fund's AAUM increased the highest by Rs 5550.53 crore (or 6.56%) to Rs 90178.74 in August. It was followed by Franklin Templeton Mutual Fund, whose AAUM climbed up Rs 4683.50 crore (or 13.31%) to Rs 39864.13 crore. Birla Sun Life Mutual Fund climbed up Rs 2684.82 crore (or 4.36%) to Rs 64217.51 crore. Reliance Mutual Fund, Indian's biggest fund house, saw its AAUM increase by Rs 2331.83 crore (or 2.28%) to Rs 104511.23 crore. DSP BlackRock Mutual Fund's assets increased by Rs 2260.71 crore, UTI Mutual Fund by Rs 1965.23 crore, ICICI Prudential Mutual Fund by Rs 53.51 crore and SBI Mutual Fund by Rs 39.01 crore. While assets of LIC Mutual Fund and Kotak Mutual Fund declined by Rs 3533.79 crore and Rs 894.88 crore respectively.

In absolute terms assets of Deutsche Mutual Fund declined the highest by 22.12% (Rs 2217.91 crore), followed by Edelweiss Mutual Fund by 21.15% (Rs 60.36 crore), Fortis Mutual Fund by 15.56% (Rs 832.70 crore), LIC Mutual Fund by 14.47%, HSBC Mutual Fund by 7.22% (Rs 389.81 crore), Principal Mutual Fund by 6.33% (Rs 370.35 crore), Bharti AXA Mutual Fund by 5.35% (Rs 37.55 crore), Kotak Mutual Fund by 3.26% (Rs 894.88 crore), IDFC Mutual Fund by 1.07% (Rs 198.05 crore) and Escorts Mutual Fund by 0.26% (Rs 0.51 crore).

Over the month, the assets of Axis Mutual Fund increased by Rs 1017.98 crore and that of L&T Mutual Fund by Rs 412.55 crore. At the end of August, the AAUM of Axis Mutual stood at Rs 4054.98 crore and that of L&T Mutual Fund was at Rs 3798.89 crore.


AUM of mutual funds in August 2010 *
Mutual Fund Name 
AUM (Rs Cr) August 2010  AUM (Rs Cr) July 2010  Change (Rs Cr)  VAR (%)

AIG Global Investment Group Mutual Fund  984.86 953.29 31.57 3.31
Axis Mutual Fund  4054.98 3037 1017.98 33.52
Baroda Pioneer Mutual Fund  4725.59 3954.72 770.87 19.49
Benchmark Mutual Fund  2354.62 2284.85 69.78 3.05
Bharti AXA Mutual Fund  664.3 701.86 -37.55 -5.35
Birla Sun Life Mutual Fund  64217.51 61532.69 2684.82 4.36
Canara Robeco Mutual Fund  7916.99 7796.82 120.17 1.54
Deutsche Mutual Fund  7809.13 10027.04 -2217.91 -22.12
DSP BlackRock Mutual Fund  24153.47 21892.76 2260.71 10.33
Edelweiss Mutual Fund  225.05 285.41 -60.36 -21.15
Escorts Mutual Fund  197.13 197.64 -0.51 -0.26
Fidelity Mutual Fund  8239.04 8065.12 173.92 2.16
Fortis Mutual Fund  4520.42 5353.12 -832.7 -15.56
Franklin Templeton Mutual Fund  39864.13 35180.63 4683.5 13.31
HDFC Mutual Fund  90178.74 84628.21 5550.53 6.56
HSBC Mutual Fund  5006.66 5396.48 -389.81 -7.22
ICICI Prudential Mutual Fund  68768.63 68715.12 53.51 0.08
IDBI Mutual Fund  2397.41 940.76 1456.65 154.84
IDFC Mutual Fund  18335.42 18533.47 -198.05 -1.07
ING Mutual Fund  1439.63 1422.29 17.34 1.22
JM Financial Mutual Fund  7109.26 5952.55 1156.71 19.43
JPMorgan Mutual Fund  7756.2 6315.79 1440.41 22.81
Kotak Mahindra Mutual Fund  26594.96 27489.84 -894.88 -3.26
L&T Mutual Fund  3798.89 3386.35 412.55 12.18
LIC Mutual Fund  20891.06 24424.85 -3533.79 -14.47
Mirae Asset Mutual Fund  276.82 271.05 5.77 2.13
Morgan Stanley Mutual Fund  2316.54 2268.89 47.65 2.1
Motilal Oswal Mutual Fund  286.72 33.21 253.51 763.37
Peerless Mutual Fund  1917.06 1077.91 839.15 77.85
Pramerica Mutual Fund  101.68 - 101.68 -
PRINCIPAL Mutual Fund  5484.58 5854.93 -370.35 -6.33
Quantum Mutual Fund  111.77 104.56 7.22 6.9
Reliance Mutual Fund  104511.23 102179.4 2331.83 2.28
Religare Mutual Fund  10584.43 10476.43 108 1.03
Sahara Mutual Fund  767.44 760.95 6.49 0.85
SBI Mutual Fund  38551.79 38512.78 39.01 0.1
Shinsei Mutual Fund  418.65 353.03 65.62 18.59
Sundaram BNP Paribas Mutual Fund  13218.19 12591.67 626.52 4.98
Tata Mutual Fund  20109.16 18171.47 1937.69 10.66
Taurus Mutual Fund  2526.57 2234.93 291.65 13.05
UTI Mutual Fund  64172.8 62207.57 1965.23 3.16
Grand Total  687559.54 665567.42 21992.11 3.3
* AUM pertains to 41 Mutual funds
















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