HOME         WEBSITE         SUBSCRIBE           E-GREETINGS   
                               

Monday, April 05, 2010

Mutual Fund Industry AAUM falls by 4.83% in March

JP Morgan MF records highest fall 

The Average Assets Under Management (AAUM) of Mutual Fund Industry has registered a fall of 4.83% for March 2010, after recording a rise of 2.64% in February 2010. According to the data provided by the Association of Mutual Funds in India (AMFI), the AAUM of 37 fund houses (Baroda Pioneer MF AAUM is still due) stood at Rs 7.44 lakh crore in March compared with Rs 7.82 lakh crore in February 10. AAUM for March has depleted by Rs 38006.87 crore compared with a rise of Rs 20085.98 crore in February. 

Assets under management of the industry had touched an all time high of over Rs 8 lakh crore during November 2009, but failed to grow for the next successive 2 months due poor market sentiments and redemptions. But the growth in the average AUM for the month of February put the industry firmly on the growth route. However, this was short lived and AAUM again recorded a fall in March 2010. 

Of the 37 mutual funds 23 registered fall in the AAUM in March 2010 compared with February 2010 while 14 saw a rise in AAUM. There were only 2 fund houses which had seen an increase of above 1000 crore in AAUM in March. 

Among the top five fund houses based on AAUM, Reliance Mutual Fund and HDFC MF and Birla Sun Life MF faced decline while the other two fund houses witnessed increase. Reliance Mutual Fund continues to be the No. 1 fund house in terms of AAUM in March with Rs 110412.71crore, but it had a dip of 4.61% ( by Rs 5340.70 crore) over February 2010, followed by HDFC MF (fall of 6.69%) and Birla Sun Life MF (5.98%). Among the top 5 fund houses, UTI Mutual Fund gained 1.14%, followed by ICICI Prudential Mutual Fund (0.57%).
DSP BlackRock MF had witnessed the highest inflow of Rs 1557.25 crore, followed by SBI Mutual Fund (Rs 1344.82 crore), UTI Mutual Fund (Rs 907.54 crore) and ICICI Prudential Mutual Fund (Rs 461.83 crore) among others. Highest outflows were seen in HDFC Mutual Fund (6364.56), followed by Kotak Mahindra Mutual Fund (Rs 5678.36 crore), Reliance Mutual Fund (Rs 5340.70 crore) and LIC Mutual Fund (Rs 4158.37 crore) among others.
The average AUM of Peerless Mutual Fund which launched its schemes in February10 saw an impressive rise from Rs 121.10 lakh crore in February to Rs 302.60 lakh crore in March 2010. Edelweiss MF registered a rise of 34.83% m-o-m basis. Highest fall in AAUM was recorded by JP Morgan MF by 23.68%, followed by AIG Global Investment Group MF by 20.62%.
Posted by

Blog Archive

____________________________________________________________________________________________

Disclaimer - All investments in Mutual Funds and securities are subject to market risks and uncertainty of dividend distributions and the NAV of schemes may go up or down depending upon factors and forces affecting securities markets generally. The past performance of the schemes is not necessarily indicative of the future performance and may not necessarily provide a basis for comparison with other investments. Investors are advised to go through the respective offer documents before making any investment decisions. Prospective client(s) are advised to go through all comparable products in offer before taking any investment decisions. Mutual Funds and securities investments are subject to market risks and there is no assurance or guarantee that the objectives of the fund will be achieved. Information gathered & material used in this document is believed to be from reliable sources. Decisions based on the information provided on this newsletter/document are for your own account and risk.


In the preparation of the material contained in this document, Varun Vaid has used information that is publicly available, including information developed in-house. Some of the material used in the document may have been obtained from members/persons other than the Varun Vaid and which may have been made available to Varun Vaid. Information gathered & material used in this document is believed to be from reliable sources. Varun Vaid however does not warrant the accuracy, reasonableness and/or completeness of any information. For data reference to any third party in this material no such party will assume any liability for the same. Varun Vaid does not in any way through this material solicit any offer for purchase, sale or any financial transaction/commodities/products of any financial instrument dealt in this material. All recipients of this material should before dealing and or transacting in any of the products referred to in this material make their own investigation, seek appropriate professional advice.


Varun Vaid, shall not liable for any loss, damage of any nature, including but not limited to direct, indirect, punitive, special, exemplary, consequential, as also any loss of profit in any way arising from the use of this material in any manner. The recipient alone shall be fully responsible/are liable for any decision taken on the basis of this material. All recipients of this material should before dealing and/or transacting in any of the products referred to in this material make their own investigation, seek appropriate professional advice. The investments discussed in this material may not be suitable for all investors. Any person subscribing to or investigating in any product/financial instruments should do soon the basis of and after verifying the terms attached to such product/financial instrument. Financial products and instruments are subject to market risks and yields may fluctuate depending on various factors affecting capital/debt markets. Please note that past performance of the financial products and instruments does not necessarily indicate the future prospects and performance there of. Such past performance may or may not be sustained in future. Varun Vaid, including persons involved in the preparation or issuance of this material may; (a) from time to time, have long or short positions in, and buy or sell the securities mentioned herein or (b) be engaged in any other transaction involving such securities and earn brokerage or other compensation in the financial instruments/products/commodities discussed here in or act as advisor or lender / borrower in respect of such securities/financial instruments/products/commodities or have other potential conflict of interest with respect to any recommendation and related information and opinions. The said person may have acted upon and/or in a manner contradictory with the information contained here. No part of this material may be duplicated in whole or in part in any form and or redistributed without the prior written consent of Varun Vaid. This material is strictly confidential to the recipient and should not be reproduced or disseminated to anyone else.


Varun Vaid also does not take any responsibility for the contents of the advertisements published. Readers are advised to verify the contents on their own before acting there upon.


Published Credits goes to following sources & all the mentioned sources as footer below the published material- Bloomberg, Valueresearch Online, Capital Market, Navindia, Franklin Templeton, Kitco, SBI AMC, LIC AMC, JM Financial AMC, HDFC AMC, The Hindu, Business Line, Personal FN, Economic Times, Reuters, Outlook Money, Business Standard, Times of India etc.