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Fund Industry's AUM at New High

The mutual fund industry counted another successful month in November, growing its assets under management (AUM) to Rs 805,684.48 crore

After registering a high in October, the Assets Under Management (AUM) of the mutual fund industry continued their upward trend, growing 5.92 per cent in November.

According to data provided by the Association of Mutual Funds of India (AMFI), the total AUM of the industry stood at Rs 805,684.48 crore, which was a difference of Rs 45,038.72 crore from that in October.

But if one compares total assets of the industry in November, 2008 to those of November, 2009, one finds that they have doubled. Total assets in November, 2008 were Rs 401,181.65 crore, a difference of 100.83 per cent.  

HDFC Mutual Fund topped the list as the biggest gainer in November in terms of assets (absolute) collected of Rs 9,083.91 crore from the previous month - it grew itself to Rs 102,399.95 crore, and thereby stayed in the second ranking overall.  

Reliance was pushed back to the third position on its November collections. Its assets in November stood at Rs 122,252.43 crore, which was a difference of 4.68 per cent from October.  However, it remained the No. 1 fund company.

In terms of percentage change, it was Axis Mutual Fund which registered the highest numbers, gaining 81.97 per cent in November over October collections.  

In terms of percentage, Baroda Pioneer Mutual Fund registered the greatest fall in its assets for the month. It fell by 11.38 per cent, or Rs 417.13 crore.  

But if one compares its present assets with those it had in November, 2008, then Baroda Pioneer MF has grown a whopping 8,647.72  per cent. Its assets were a meagre Rs 37.14 crore then. Taurus MF too has registered a growth of over 800 per cent since then. 

In terms of percentage it was ING MF, which has lost the most since November last year. Its assets have fallen 49.56 per cent.


Gainers Parade
    Total Assets    
Fund House  31/10/2009  30/11/2009  Diff (Rs)  Diff in %
Reliance Mutual Fund 116781.92 122252.43 5470.51 4.68
HDFC Mutual Fund 93316.04 102399.95 9083.91 9.73
ICICI Prudential Mutual Fund 80554.50 82168.12 1613.62 2.00
UTI Mutual Fund 76847.34 79895.22 3047.88 3.97
Birla Sun Life Mutual Fund 65072.35 69652.16 4579.82 7.04
LIC Mutual Fund 40522.41 46861.44 6339.03 15.64
Kotak Mahindra Mutual Fund 37720.98 41262.79 3541.82 9.39
SBI Mutual Fund 38322.49 38782.24 459.75 1.20
Franklin Templeton Mutual Fund 30269.83 31048.24 778.41 2.57
IDFC Mutual Fund 25375.45 26295.75 920.29 3.63
Tata Mutual Fund 22707.31 24861.41 2154.11 9.49
DSP BlackRock Mutual Fund 18518.02 19715.26 1197.24 6.47
Religare Mutual Fund 13497.17 16096.73 2599.56 19.26
Deutsche Mutual Fund 13794.75 14928.15 1133.40 8.22
Sundaram BNP Paribas Mutual Fund 13505.82 13451.85 -53.97 -0.40
Fortis Mutual Fund 9013.29 9179.76 166.47 1.85
JM Financial Mutual Fund 8817.73 8877.01 59.28 0.67
Fidelity Mutual Fund 8735.39 8654.86 -80.53 -0.92
Principal Mutual Fund 8480.00 8621.38 141.38 1.67
Canara Robeco Mutual Fund 7815.38 8193.15 377.77 4.83
HSBC Mutual Fund 7484.65 7548.21 63.56 0.85
JPMorgan Mutual Fund 5151.37 4720.00 -431.37 -8.37
Baroda Pioneer Mutual Fund 3665.67 3248.54 -417.13 -11.38
DBS Chola Mutual Fund 2907.02 2998.97 91.95 3.16
Axis Mutual Fund 1472.50 2679.54 1207.05 81.97
Morgan Stanley Mutual Fund 2344.85 2279.00 -65.84 -2.81
AIG Global Inv Grp Mutual Fund 2050.78 2037.40 -13.38 -0.65
Taurus Mutual Fund 1400.79 2027.68 626.89 44.75
ING Mutual Fund 1970.45 1779.45 -191.00 -9.69
Benchmark Mutual Fund 1473.87 1671.65 197.78 13.42
Bharti AXA Mutual Fund 390.22 651.45 261.23 66.95
Shinsei Mutual Fund 533.25 591.29 58.05 10.89
Sahara Mutual Fund 344.21 536.65 192.44 55.91
Mirae Asset Mutual Fund 240.62 253.48 12.86 5.35
Escorts Mutual Fund 201.11 205.11 4.01 1.99
Edelweiss Mutual Fund 126.08 129.83 3.74 2.97
Quantum Mutual Fund 80.70 82.09 1.40 1.73
Total  761506.31  806638.27  45131.95  5.93
Fund of Funds-Domestic  860.55  953.79  93.24  10.83
Actual Total  760645.77  805684.48  45038.72  5.92