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Wednesday, June 02, 2010

AAUM Rises by 4.47% in May

The Average Assets Under Management (AAUM) of mutual fund industry surged for the second consecutive month after witnessing fall in March 2010. AAUM climbed up 4.47% in May 2010, which is higher than the rise of 2.89% in April 2010. According to AMFI data, the AAUM of 38 fund houses stood at Rs 8.04 lakh crore in May compared with Rs 7.69 lakh crore in April. 

Equity Investment
 
Mutual Funds (MFs) net investments in equities increased after plunging for eight consecutive months in a row. Mutual Fund buying in equities was at Rs 98.60 crore in May 2010 as against net selling of Rs 1410.40 crore in April 2010. Of the 21 trading sessions in May, mutual funds were net buyers in 11 sessions and net sellers in the remaining 10 sessions. 

Debt Investment
 
Mutual Funds were net buyers of debt papers worth Rs 2262.10 crore in May 2010 as against net buying of Rs 66502.10 crore in April 2010. MFs were net buyers of debt securities in 12 out of 20 trading sessions. 

AUM
 
Of the 38 mutual funds, 23 reported increase in AAUM in May 2010 compared with April 2010, while 15 saw a dip in AAUM. There were 10 fund houses which had seen an increase of above Rs 1000 crore in AAUM in May. On the flipside 3 fund houses tasted bitterness by witnessing a fall of above Rs 800 crore in May. 

Among the top five fund houses based on asset base, HDFC Mutual Fund surged the most by 7.56%, followed by Reliance Mutual Fund (6.40%), Birla Sun Life Mutual Fund (6.21%) and ICICI Prudential Mutual Fund (5.63%). UTI Mutual Fund was the only fund house among the top five fund houses to face fall in asset base by 1.06%. Reliance Mutual Fund was unbeatable to be the No.1 fund house based on AAUM for May as well. Its assets increased by Rs 7153.81 crore to Rs 1.19 lakh crore in May. 

Peerless Mutual Fund was the highest gainer as its assets grew by 65.92% (Rs 327.12 crore). With an asset of Rs 496.26 crore in April, it has grown to Rs 823.38 crore in May. It was followed by Shinsei Mutual Fund (45.63%), Axis Mutual Fund (35.59%), Taurus Mutual Fund (30.20%) and L&T Mutual Fund (25.33%) among others. 

Of the entire industry, SBI Mutual Fund was the highest loser, as its assets fell 9.02% (Rs 3590.58 crore) to Rs 36235.76 crore in May. JPMorgan Mutual Fund was the next biggest loser; it lost 8.01% (Rs 329.77 crore) to Rs 3784.98 crore. The third biggest loser was AIG Mutual Fund which decreased 5.71% (Rs 62.38 crore) to Rs 1030.86 crore 

HDFC Mutual Fund had the highest inflow of Rs 7160.53 crore, followed by Reliance Mutual Fund (Rs 7153.81 crore), Kotak Mutual Fund (Rs 6914.03 crore) and ICICI Prudential Mutual Fund (Rs 4674.30 crore) among others. High outflows were seen in SBI Mutual Fund (Rs 3590.58 crore), LIC Mutual Fund (Rs 1544.39 crore), UTI Mutual Fund (Rs 839.54 crore) and Sundaram BNP Paribas Mutual Fund (Rs 385.08 crore) among others. 

Smaller players with AAUM less than Rs 1000 crore comprised Quantum Mutual Fund (Rs 101.72 crore), Escorts Mutual fund (Rs 198.23 crore), Mirae Asset Mutual Fund (Rs 236.50 crore), Edelweiss Mutual Fund (Rs 261.09 crore), Shinsei Mutual Fund (Rs 323.71 crore), Bharti AXA Mutual Fund (Rs 724.17 crore), Sahara Mutual Fund (Rs 765.23 crore) and Peerless Mutual Fund (Rs 823.38 crore).
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