April AUM is up

After registering a dip in March, the assets under management (AUM) of the mutual fund industry have registered an increase of 3.04 per cent in April.

According to data provided by the Association of Mutual Funds of India (Amfi), the total AUM of the industry stands at Rs 766,373 crore, a rise of Rs 22,590 crore over assets at the end of the previous month.

The mutual fund industry’s AUM had dipped by 4.78 per cent in March and by 4 per cent in January. In February, on the other hand, they had risen to Rs 7,81,154.27 crore, up 2.65 per cent over the previous month.

In April, among the 37 fund house whose data has been made available, 12 fund houses have registered a dip in their AUMs. Percentage wise, Shinsei MF registered the highest 39.43 per cent decline in its AUM. Fortis MF witnessed the second highest dip of 12.68 per cent in its AUM.

At the other end of the spectrum, L&T MF saw the maximum 64.30 per cent rise in its assets: its AUM stood at Rs 4,126 crore in April. New entrant Peerless MF too witnessed a rise of 63.78 per cent. Its total AUM at the end of April stood at Rs 496 crore.

Other fund houses which witnessed a considerable increase in their AUMs were Edelweiss MF and Sahara MF: their AUMs rose by 45.07 per cent and 26.70 per cent respectively in April. Three other fund houses saw an above 10 per cent increase in their AUM.

Amongst the top four fund houses, except for UTI MF, which saw its AUM fall by (-) 0.95 per cent in April, all the other top AMCs registered an increase in their AUMs.

Reliance MF’s AUM increased by 1.27 per cent and stood at Rs 1,11,819 crore. HDFC MF saw a considerable increase in it AUM in April: its AUM grew by 6.67 per cent and stood at Rs 94,703 crore at the end of April. The AUM of Birla Sun Life MF too grew substantially by 11.49 per cent in April to Rs 69,532 crore. ICICI Prudential MF’s AUM too increased by 2.53 per cent.

Assets Under Management    Assets (Rs Cr) Fund House    Apr-10     Mar-10    Change (%) L&T Mutual Fund   4126   2,511   64.30 Peerless Mutual Fund   496   303   63.78 Edelweiss Mutual Fund   216   149   45.07 Sahara Mutual Fund   805   635   26.70 JPMorgan Mutual Fund   4115   3,541   16.20 Birla Sun Life Mutual Fund   69532   62,367   11.49 Quantum Mutual Fund   103   93   10.40 Canara Robeco Mutual Fund   10051   9,220   9.01 Bharti AXA Mutual Fund   595   549   8.44 JM Financial Mutual Fund   8569   7,997   7.15 Religare Mutual Fund   13829   12,945   6.83 Principal Mutual Fund   7470   6,997   6.76 HDFC Mutual Fund   94703   88,780   6.67 SBI Mutual Fund   39826   37,417   6.44 ING Mutual Fund   1707   1,606   6.31 Sundaram BNP Paribas Mutual Fund   14361   13,878   3.48 Franklin Templeton Mutual Fund   34912   34,034   2.58 ICICI Prudential Mutual Fund   83064   81,018   2.53 Morgan Stanley Mutual Fund   2306   2,257   2.17 DSP BlackRock Mutual Fund   21949   21,491   2.13 Taurus Mutual Fund   2347   2,307   1.74 Reliance Mutual Fund   111819   110,413   1.27 Escorts Mutual Fund   205   203   1.21 Tata Mutual Fund   22051   21,935   0.53 Fidelity Mutual Fund   7795   7,790   0.07 LIC Mutual Fund   40507   40,665   -0.39 IDFC Mutual Fund   25623   25,775   -0.59 UTI Mutual Fund   79457   80,218   -0.95 Axis Mutual Fund   3478   3,552   -2.08 Mirae Asset Mutual Fund   245   251   -2.37 Kotak Mahindra Mutual Fund   33845   34,787   -2.71 HSBC Mutual Fund   6005   6,215   -3.38 Benchmark Mutual Fund   1931   1,999   -3.43 Deutsche Mutual Fund   10112   10,477   -3.49 AIG Global Inv Grp Mutual Fund   1093   1,138   -3.93 Fortis Mutual Fund   6902   7,904   -12.68 Shinsei Mutual Fund   222   367   -39.43 Grand Total    766,373    743,783    3.04 Source: AMFI