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Thursday, July 02, 2009

MF's AUM rose by 5% in June‘09


Reliance MF tops the list

Mutual fund industry registered a rise in its Average Asset Under management (AAUM) for the third consecutive month in June 2009. The combined AAUM of the 35 fund houses in the industry has increased by 4.99% (Rs 31863.31 crore) to Rs 6.70 lakh crore in June 2009 compared with Rs 6.39 lakh crore in May 2009, according to the data released by the Association of Mutual Funds in India (AMFI). AUM of funds of funds (FoFs) stood with Rs 725.60 crore in June 2009. The industry witnessed a rise of 18.81% in June 09 over June 08, the highest growth in 12 months.

The rising AUM is seen in the month of April, May and in June 09. The AUM increase in the month of April 09 was mainly contributed by heavy institutional inflows, the increase in May 2009 was the result of major retail participation and in the June 09 the growth is largely on account of the inflows in liquid funds and short term income funds. The spurt in equity markets has also added to the asset size of the industry. Mutual Funds were net buyers of Rs 839.30 crore in the equity market and net buyer of Rs 10739.50 crore in debt market in the month of June 2009.

The 35 fund houses have posted its AAUM in June 2009. 26 fund houses out of 35 fund houses have recorded positive inflow and remaining 9 fund houses has posted negative inflow.

Among the fund houses with AAUM between Rs 1 lakh- 50000 the top three funds recorded an inflow in June 2009. Reliance Mutual fund continued to be in the first position with AAUM of Rs 1.08 lakh crore in June 2009, a rise of 5.45% in June 2009 over May 2009. HDFC MF retained its second position with the average AUM of Rs 78197.90 crore a rise of 3.70% compared with the month of May 09 and ICICI Mutual Fund stood third with an AAUM of Rs 70169.46 crore and it rose by 7.05% in June 2009 over May 2009. Among the other top mutual funds in this category, UTI MF jumped 7.05% to Rs 67978.19 in June 2009. While, Birla Sun Life MF was down by 0.54% at Rs 56282.87 crore and SBI MF also witnessed a fall of 1.10% to Rs 34061.04 crore in June 2009 over May 2009.

Reliance MF registered the highest inflow in AUM of Rs 5602.21 crore followed by ICICI Pru MF with a net inflow of Rs 4619.86 crore. While Canara Robeco MF witnessed highest net outflow of Rs 427.48 crore and SBI MF witnessed outflow of Rs 380.17 crore in June 2009.

In the category of fund houses maintaining AUM between Rs 10000 -35000 crore, LIC MF jumped 13.34% to Rs 34061 crore in the month of June 2009 over May 2009 and it was followed by Kotak Mahindra MF has gone up by 8.81% to Rs 30833.02 crore in June 2009 and Tata MF was down by 0.38% to Rs 21222.81 crore in June 2009.

In the category of MFs maintaining AAUM between Rs 10000 - 1000 crore Morgan Stanley MF went up by 19.65% to Rs 2208.36 crore and DBS Chola MF has risen by 16.18% to Rs 2508.51 crore in June 2009 over May 2009. On the other hand Canara Robeco fell by 5.31% to Rs 7624.00 crore and JP Morgan MF witnessed a fall of 4.79% to Rs 3766.36 crore in June 2009.

Smaller fund houses with relatively smaller corpus having AAUM less than Rs 1000 crore also has registered rise in their AUM. Edelweiss MF has doubled its AAUM to Rs 44.79 crore from Rs 20.24 crore, Quantum MF went up by 11.11% to Rs 66.64 crore. However, Bharti AXA MF has gone down by 10.60% to Rs 243.22 crore in June 2009 and Taurus MF was down by 6.05% to Rs 561.27 crore in June 2009 over May 2009.

AUM of mutual fund in June 2009

MUTUAL FUND NAME

AUM

CHANGE (RS CR)

VAR (%)

JUNE 2009 (RS CR)

MAY 2009 (RS CR)

AIG Global Investment Group Mutual Fund

1547.88

1520.79

27.09

1.78

Baroda Pioneer Mutual Fund

3723.38

3483.36

240.02

6.89

Benchmark Mutual Fund

1119.85

1042.40

77.45

7.43

Bharti AXA Mutual Fund

243.22

272.06

-28.84

-10.60

Birla Sun Life Mutual Fund

56282.87

56586.02

-303.16

-0.54

Canara Robeco Mutual Fund

7624.00

8051.48

-427.48

-5.31

DBS Chola Mutual Fund

2508.51

2159.21

349.30

16.18

Deutsche Mutual Fund

13615.63

12780.49

835.14

6.53

DSP BlackRock Mutual Fund

17396.35

17096.64

299.71

1.75

Edelweiss Mutual Fund

44.79

20.24

24.54

121.24

Escorts Mutual Fund

201.45

193.32

8.13

4.21

Fidelity Mutual Fund

9375.38

8601.35

774.03

9.00

Fortis Mutual Fund

8027.68

7380.91

646.77

8.76

Franklin Templeton Mutual Fund

25473.32

23617.96

1855.36

7.86

HDFC Mutual Fund

78197.90

75406.10

2791.80

3.70

HSBC Mutual Fund

9660.88

9813.45

-152.56

-1.55

ICICI Prudential Mutual Fund

70169.46

65549.86

4619.61

7.05

IDFC Mutual Fund

21676.29

20139.13

1537.15

7.63

ING Mutual Fund

2396.77

2422.31

-25.54

-1.05

JM Financial Mutual Fund

7770.86

7012.33

758.53

10.82

JPMorgan Mutual Fund

3766.36

3955.88

-189.52

-4.79

Kotak Mahindra Mutual Fund

30833.02

28337.83

2495.19

8.81

LIC Mutual Fund

32414.92

28598.76

3816.16

13.34

Mirae Asset Mutual Fund

237.88

216.23

21.66

10.02

Morgan Stanley Mutual Fund

2208.36

1845.65

362.71

19.65

PRINCIPAL Mutual Fund

8695.38

8555.36

140.03

1.64

Quantum Mutual Fund

66.64

59.97

6.66

11.11

Reliance Mutual Fund

108332.36

102730.16

5602.21

5.45

Religare Mutual Fund

10031.25

9289.57

741.68

7.98

Sahara Mutual Fund

212.54

196.30

16.23

8.27

SBI Mutual Fund

34061.04

34441.20

-380.17

-1.10

Sundaram BNP Paribas Mutual Fund

13314.65

12413.43

901.22

7.26

Tata Mutual Fund

21222.81

21304.79

-81.98

-0.38

Taurus Mutual Fund

561.27

597.43

-36.16

-6.05

UTI Mutual Fund

67978.19

63437.87

4540.32

7.16

Grand Total

670993.13

639129.82

31863.31

4.99


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