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Monday, April 06, 2015

Average AUM rises 7% in Q4FY15 q-o-q

Average assets under management (AAUM) of the mutual fund (MF) industry increased 7.44% (by Rs 82256.10 crore) to Rs 11.89 lakh crore during the quarter ended March 2015 as against Rs 11.06 lakh crore registered during the quarter ended December 2014, making it the sixth quarter of rise after fall in September 2013 quarter. The quarterly rise in AAUM is largely on account of gains in equity markets. Besides, retail participation in equity schemes has increased significantly during the recent months. The AAUM increased by 31% in March 2015 quarter compared with March 2014 quarter. 

On quarterly basis, of the 43 mutual funds (data available), 35 fund houses registered rise in AAUM, while the rest resulted in fall during the March quarter. There were two mutual funds whose AAUM fell by over 10% and the names included —Peerless and JM Financial. In the quarter ended March 2015 there were 17 fund houses which witnessed a rise in their average quarterly AUM in the range of 10% to 45%, while 21 AMCs saw a rise in the AUM in the range of 1%-9%. 

Motilal Oswal posted more than 40% rise in AAUM, from Rs 1460.73 crore to Rs 2114.40 crore, the highest among the fund houses which witnessed rise in AAUM. It was followed by Edelweiss which posted 28.48% rise. 

The top five fund houses — HDFC, Reliance, ICICI Prudential, Birla Sun Life and UTI gained an aggregate of Rs 6.6 lakh crore in their AAUM over the last quarter. Among the top 5 players, Birla Sun Life MF was the biggest gainer as its AAUM increased by 10.9% or by Rs 11783.46 crore to Rs 1.2 lakh crore over that in December 2014. HDFC retained its top position and its AAUM increased by 7.42% to Rs 1.62 lakh crore. ICICI Prudential Mutual Fund gained 8.63% or Rs by 11795.84 crore during the quarter and its AAUM stood at Rs 1.49 lakh crore. Reliance MF grew 8.77%, to Rs 1.37 lakh crore. UTI MF grew its assets by 6.13% and slowly moving towards the Rs 1 lakh crore mark, at Rs 92750.61 crore. Share of the top five mutual funds' assets was 56% in the March quarter.

AUM of mutual funds for the Quarter Ended March 2015* 
Mutual Fund Name AUM (Rs CR) March 2015 ^ AUM (Rs CR) December 2014 ^ Change (Rs CR) VAR (%)
Axis Mutual Fund 26623.99 24114.55 2509.44 10.41
Baroda Pioneer Mutual Fund 7172.57 7792.53 -619.96 -7.96
Birla Sun Life Mutual Fund 119751.66 107968.20 11783.46 10.91
BNP Paribas Mutual Fund 3915.06 3697.30 217.76 5.89
BOI AXA Mutual Fund 3518.19 3021.34 496.84 16.44
Canara Robeco Mutual Fund 7616.61 7065.01 551.60 7.81
Deutsche Mutual Fund 22427.02 22670.17 -243.15 -1.07
DSP BlackRock Mutual Fund 37838.00 37532.09 305.90 0.82
Edelweiss Mutual Fund 755.00 587.64 167.36 28.48
Escorts Mutual Fund 253.60 255.22 -1.63 -0.64
Franklin Templeton Mutual Fund 70443.66 63642.82 6800.84 10.69
Goldman Sachs Mutual Fund 8037.90 6832.16 1205.74 17.65
HDFC Mutual Fund 161634.15 150467.74 11166.41 7.42
HSBC Mutual Fund 8241.90 9101.39 -859.49 -9.44
ICICI Prudential Mutual Fund 148558.95 136763.11 11795.84 8.63
IDBI Mutual Fund 7344.19 6801.54 542.65 7.98
IDFC Mutual Fund 51714.83 47919.64 3795.19 7.92
IIFCL Mutual Fund (IDF) 331.23 320.35 10.88 3.40
IIFL Mutual Fund 345.91 280.37 65.54 23.38
IL&FS Mutual Fund (IDF) 881.78 813.44 68.34 8.40
Indiabulls Mutual Fund 3590.27 3087.23 503.04 16.29
JM Financial Mutual Fund 12230.80 14240.17 -2009.38 -14.11
JPMorgan Mutual Fund 15640.79 14123.80 1516.99 10.74
Kotak Mahindra Mutual Fund 41377.85 38796.36 2581.49 6.65
L&T Mutual Fund 22496.70 21336.03 1160.67 5.44
LIC NOMURA Mutual Fund 9313.00 7618.49 1694.51 22.24
Mirae Asset Mutual Fund 1817.72 1526.92 290.80 19.04
Motilal Oswal Mutual Fund 2114.40 1460.73 653.67 44.75
Peerless Mutual Fund 1146.98 1514.85 -367.86 -24.28
PineBridge Mutual Fund 0 589.40 - -
PPFAS Mutual Fund 574.94 515.52 59.41 11.52
Pramerica Mutual Fund 2309.36 1971.73 337.63 17.12
PRINCIPAL Mutual Fund 6217.75 4925.72 1292.03 26.23
Quantum Mutual Fund 575.43 544.80 30.63 5.62
Reliance Mutual Fund 137123.84 126069.04 11054.80 8.77
Religare Invesco Mutual Fund 21009.09 19831.78 1177.31 5.94
Sahara Mutual Fund 143.77 147.56 -3.79 -2.57
SBI Mutual Fund 74942.24 72140.63 2801.61 3.88
Shriram Mutual Fund 33.76 31.76 1.99 6.28
Sundaram Mutual Fund 21874.61 19564.39 2310.22 11.81
Tata Mutual Fund 26968.30 24250.65 2717.65 11.21
Taurus Mutual Fund 4150.43 4082.37 68.07 1.67
Union KBC Mutual Fund 2726.47 2872.50 -146.03 -5.08
UTI Mutual Fund 92750.61 87390.13 5360.48 6.13
Grand Total 1188535.30 1106279.20 82256.10 7.44  
* AUM pertains to 44 Mutual funds
^ Data for Mutual Funds is as at the end of the respective quarter
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