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Saturday, January 07, 2017

Average AUM rises 5.1% in Q3 FY17



Average assets under management (AAUM) of the mutual fund (MF) industry increased by 5.13% (by Rs82610.36 crore) to an all-time high of Rs16.93 lakh crore during the quarter ended December 2016andRs3.52 lakh crore more than the quarter ended December 2015, mainly on the back of increased interest from retail investors and aggressive buying of stocks. The total AUM of all active fund houses put together soared by Rs 3.52 lakh crore, or over 26.3%, to a record Rs 16.93 lakh crore at the end of December 2016 from Rs 13.41 lakh crore in December-end 2015. Demonetisation led fund flow in banking system is leading to surge in investments within capital markets, especially MF and debt instruments. 

On quarterly basis, of the 41 mutual funds, 28 fund houses registered rise in AAUM, while the rest resulted in fall during the December quarter. There were 05 mutual funds whose AAUM fell by over 10%. In the quarter ended December 2016 there were 20 fund houses which witnessed a rise in their average quarterly AUM upto10%, while 08 AMCs saw a rise in the AUM in the range of 12%-203%. 

Edelweiss posted the highest rise among the fund houses which witnessed rise in AAUM, from Rs2255.63 crore to Rs6826.25 crore. It was followed by Mahindra which posted 53% rise. 

The top five fund houses — HDFC, Reliance, ICICI Prudential, Birla Sun Life and SBI (UTI AAUM sifted to sixth position from top five) gained an aggregate of Rs9.67 lakh crore in their AAUM over the last quarter. Among the top 5 players, SBI was the highest gainer as its AAUM increased by 7.18% or by Rs9442.51 crore to Rs 1.41 lakh crore over that in quarter ended September 2016. ICICI Prudential clocked the top position shifting HDFC down to second position in terms of AAUM. ICICI Prudential AAUM increased by 5.56% to Rs2.28 lakh crore. HDFC AAUM increased by 4.10% to Rs 2.22 lakh crore. UTI Mutual Fund gained 1.61% or Rs by 2056.17crore during the quarter and its AAUM stood at Rs 1.29 lakh crore. Birla Sun Life MF increased7.06%, to Rs 1.81 lakh crore. Reliance MF AAUM increased by 6.94% at Rs 1.96 lakh crore. 

In terms of absolute asset growth in October-December 2016 over July-September 2016, Reliance MF leads the pack with rise by Rs12716.58 crore rise followed by ICICI Prudential MF with Rs12002.94 crore and Birla Sun Life MF is third with rise by Rs11927.52 crore assets added in this period. 

Equity & Debt Investments by Mutual Funds

Domestic mutual funds turned out to be net buyers in equity in December 2016. Mutual Funds were net buyers in equities worth Rs9178.9crore, as against net buying of Rs13610.4crore in November 2016. In December mutual funds were net buyers in equity in 17 trading sessions and net sellers in 05 sessions. Net buying in equity was recorded highest at Rs1618.2crore on 23 December 2016 while net selling recorded at Rs844.6crore on 13 December 2016. 

Mutual Funds were net buyers in debt to the tune of Rs23396crore in December2016. Out of the 22 trading sessions in November mutual funds were net buyers in debt in 15 trading sessions, while net sellers in remaining 07 sessions. Net buying in debt was recorded highest at Rs5782.2crore on 02 December 2016 while net selling recorded high at Rs1174.5crore on 08 December.
Average Assets under Management (AAUM) for the quarter of October-December 2016 (Rs in crore)
Mutual Fund Name
AUM (Rs CR) December 2016^
AUM (Rs CR) September 2016^
Change (Rs CR)
VAR (%)
Axis Mutual Fund
49280.55
47179.23
2101.32
4.5
Baroda Pioneer Mutual Fund
10785.23
11702.62
-917.39
-7.8
Birla Sun Life Mutual Fund
180808.33
168880.81
11927.52
7.1
BNP Paribas Mutual Fund
6032.29
6068.72
-36.43
-0.6
BOI AXA Mutual Fund
2896.01
3635.89
-739.89
-20.3
Canara Robeco Mutual Fund
9411.05
9319.82
91.23
1.0
DHFL Pramerica Mutual Fund
24807.27
24472.92
334.35
1.4
DSP BlackRock Mutual Fund
58357.12
49851.54
8505.58
17.1
Edelweiss Mutual Fund
6826.25
2255.63
4570.63
202.6
Escorts Mutual Fund
286.49
294.90
-8.41
-2.9
Franklin Templeton Mutual Fund
75782.68
73666.13
2116.55
2.9
Goldman Sachs Mutual Fund

7098.66

-
HDFC Mutual Fund
221824.51
213086.14
8738.37
4.1
HSBC Mutual Fund
8670.06
8502.74
167.33
2.0
ICICI Prudential Mutual Fund
227988.79
215985.85
12002.94
5.6
IDBI Mutual Fund
7761.28
8128.36
-367.08
-4.5
IDFC Mutual Fund
57997.66
56656.26
1341.40
2.4
IIFCL Mutual Fund (IDF)
398.93
388.37
10.56
2.7
IIFL Mutual Fund
423.54
370.36
53.18
14.4
IL&FS Mutual Fund (IDF)
994.58
970.15
24.44
2.5
Indiabulls Mutual Fund
10226.52
6731.29
3495.23
51.9
Invesco Mutual Fund
23616.86
22560.37
1056.48
4.7
JM Financial Mutual Fund
13521.89
13612.13
-90.25
-0.7
JPMorgan Mutual Fund

5064.81

-
Kotak Mahindra Mutual Fund
82135.06
70387.06
11748.01
16.7
L&T Mutual Fund
35191.01
32666.65
2524.36
7.7
LIC Mutual Fund
18022.04
16452.71
1569.33
9.5
Mahindra Mutual Fund
1456.60
949.88
506.72
53.3
Mirae Asset Mutual Fund
6343.30
5235.45
1107.85
21.2
MotilalOswal Mutual Fund
7131.21
6392.95
738.26
11.5
Peerless Mutual Fund
945.72
970.88
-25.15
-2.6
PPFAS Mutual Fund
675.61
667.67
7.93
1.2
PRINCIPAL Mutual Fund
4867.67
5136.17
-268.50
-5.2
Quantum Mutual Fund
857.85
805.66
52.20
6.5
Reliance Mutual Fund
195845.43
183128.86
12716.58
6.9
Sahara Mutual Fund
66.94
79.51
-12.57
-15.8
SBI Mutual Fund
140996.93
131554.42
9442.51
7.2
Shriram Mutual Fund
37.66
43.15
-5.49
-12.7
Sundaram Mutual Fund
27013.00
26699.88
313.11
1.2
Tata Mutual Fund
38270.76
39691.09
-1420.34
-3.6
Taurus Mutual Fund
2339.44
2663.42
-323.98
-12.2
Union Mutual Fund
3055.69
3386.50
-330.81
-9.8
UTI Mutual Fund
129389.38
127333.21
2056.17
1.6
Grand Total
1693339.17
1610728.80
82610.36
5.1
* AUM pertains to 41 Mutual funds
^ Data for Mutual Funds is as at the end of the respective quarter
JPMorgan MF have been transferred to, and form part of the Edelweiss Mutual Fund
Goldman Sachs MF have been transferred to, and form part of the Reliance Mutual Fund
 
Transactions by mutual funds in December 2016
Equity (Rs in crore)
Debt (Rs in crore)
Transaction Date
Gross Purchases
Gross  Sales
Net Purchases / Sales
Gross Purchases
Gross  Sales
Net Purchases/ Sales
1-Dec-16
1412.3
1091.9
320.4
11674.5
6202.1
5472.4
2-Dec-16
1124.7
1371
-246.3
12315.8
6533.7
5782.2
5-Dec-16
961.7
862.9
98.9
6784.4
3034
3750.4
6-Dec-16
779.5
937.2
-157.7
6036.2
4353.7
1682.4
7-Dec-16
1208.4
1187.1
21.3
6083.8
4520.1
1563.6
8-Dec-16
1058.3
976.3
82.1
3758.9
4933.4
-1174.5
9-Dec-16
1124.8
787.5
337.3
3679.2
3657.2
22
12-Dec-16
672.8
894.4
-221.6
8.8
36.9
-28.1
13-Dec-16
1065
1909.6
-844.6
7246.8
5527.8
1719
14-Dec-16
1334.9
993.3
341.6
5034.4
5103.9
-69.6
15-Dec-16
1537.4
1599.1
-61.6
6008.7
5414.7
594
16-Dec-16
1805.7
1515.8
289.9
4978.5
5076.9
-98.4
19-Dec-16
1549.4
763.8
785.6
4458.5
3823.8
634.7
20-Dec-16
1426.4
883.9
542.4
5869
6512.9
-643.9
21-Dec-16
1731.1
646.2
1084.9
3996.6
4247.7
-251.2
22-Dec-16
1347.9
1011.5
336.4
4141.7
4055
86.8
23-Dec-16
2142.9
524.7
1618.2
9157.7
7694.8
1462.8
26-Dec-16
1401.8
605.2
796.5
6385.4
4525.5
1859.9
27-Dec-16
2023
599.7
1423.2
3540.1
3913.1
-373
28-Dec-16
1541.4
696.3
845.1
3729.3
3529.4
199.9
29-Dec-16
2425.5
1580.8
844.7
5759.4
4576.9
1182.5
30-Dec-16
2161.2
1219
942.2
5838.4
5816.3
22.1
Total for December
31836.1
22657.2
9178.9
126486.1
103089.8
23396

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