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April AUM is up

After declining by 4.78 per cent in March, the industry’s AUM is up again in April

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