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Tuesday, August 04, 2009

Assets rise marginally in July 2009

HDFC MF records highest asset base growth

Average Assets under management (AAUM) rose 2.83% to Rs 6.89 lakh crore in July 2009 compared with Rs 6.70 lakh crore in June 2009. AAUM of fund of funds (FoFs) was Rs 733.25 crore in July 2009.

Of the 36 mutual funds, 24 registered a rise in AAUM in July 2009 over June 2009 and 11 recorded a fall in their AAUM. There were 15 fund houses with AAUM above Rs 10000 crore. Most of these big fund houses had net inflow in July 2009 compared with June 2009.

Among the fund houses with AAUM between Rs 1 lakh- 50000, all the top three funds recorded inflow in July 2009. Reliance Mutual Fund continued to be on the first position with AAUM of Rs 1.08 lakh crore in July 2009, same as in June 2009. HDFC MF retained its second position with the average AUM of Rs 83366.10crore a rise of 6.61% compared with the month of June 09 and ICICI Mutual Fund stood third with an AAUM of Rs 73328.56 crore and it rose by 4.50% in July 2009 over June 2009. Among the other top mutual funds in this category, UTI MF fell by 1.07% to Rs 67251.89 in July 2009. While Birla Sun Life MF AAUM was up by 1.86% at Rs 57331.78 crore.

HDFC MF registered the highest inflow in AAUM of Rs 5168.20 crore followed by ICICI Prudential MF with a net inflow of Rs 3159.09 crore. While UTI MF witnessed highest net outflow of Rs 726.29 crore followed by HSBC MF, which witnessed outflow of Rs 721.28 crore in July 2009.

In the category of fund houses maintaining AUM between Rs 10000 -35000 crore, Religare MF jumped 22% in July 2009 over May 2009, with AAUM of Rs 12239.54 crore, followed by Franklin Templeton MF with a growth of 8.47%. While LIC MF, with highest asset base in this category witnessed a rise of 8.26% to Rs 35093.69 crore in the month of July 2009 over June 2009. It was followed by Deutsche MF with 5.09% to Rs 14308.83crore in July 2009 and Tata MF and DSP BlackRock MF was down by 2.96% and 0.77%, recording AAUM of Rs 20593.59 crore and Rs 17262.45 crore respectively in July 2009.

In the category of MFs maintaining AAUM between Rs 1000 - 9000 crore, AIG Global Investment Group MF went up by 16.11% to Rs 1797.20 crore and Fortis MF has risen by 10.34% to Rs 8857.44 crore in July 2009 over June 2009. On the other hand HSBC MF fell by 7.51% to Rs 8883.56 crore and ING MF witnessed a fall of 3.43% to Rs 2314.52 crore in July 2009.

Smaller fund houses with relatively smaller corpus having AAUM less than Rs 1000 crore also has registered rise in their AUM. Edelweiss MF AAUM rose to Rs 67.91 crore from Rs 44.79 crore, a rise of 51.6%. Taurus MF went up by 15.33% to Rs 647.28 crore. However, Mirae Asset MF has gone down by 4.65% to Rs 226.83 crore in July 2009 and Sahara MF was down by 2.51% to Rs 207.2 crore in July 2009 over June 2009. The new fund house namely Shinsei Mutual Fund recorded AAUM of Rs 203.26 crore in July 2009. Goldman Sachs Mutual Fund and Religare AEGON Mutual Fund have also applied for launching various schemes. Approval from Sebi's desk for these new entrants may increase asset base of the industry.


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