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Fund industry's AUM up 4.5 per cent in May

Assets under management rose despite the benchmark index, Sensex, declining by 3.5 per cent in May

The cumulative asset under management (AUM) of the mutual fund industry grew by 4.5 per cent in May as compared to the previous month. This translates into an absolute growth of Rs 34,503.46 crore during the period. According to data provided by the Association of Mutual Funds of India (Amfi), the total AUM of the industry stood at Rs 8,05,239.37 crore at the end of May.

Among the 38 fund houses whose data has been made available, 23 fund houses registered a growth in their AUMs. Of these, 10 fund houses witnessed double-digit growth in their AUMs compared to the previous month.

New entrant Peerless Mutual Fund registered the highest percentage growth in AUM in May, clocking a growth of 65.9 per cent. Shinsei Mutual Fund, whose AUM grew by 45.6 per cent, was at second position.

SBI Mutual Fund and JP Morgan Mutual Fund, with AUMs of Rs 36,235.76 crore and Rs 3784.98 crore (as on 31 May, 2010) respectively, registered the maximum declines of 9 per cent and 8 per cent respectively in May.

Other fund houses that witnessed considerable increases in their AUMs were Fortis Mutual Fund and Baroda Pioneer Mutual Fund: their AUMs grew by 9.2 per cent and 9.1 per cent respectively in May.

Among the top four fund houses, except UTI MF which saw its AUM fall by (-) 1.1 per cent in May, all the other top asset management companies registered considerable increases in their AUMs. Reliance MF's AUM increased by 6.4 per cent and stood at Rs 1, 18,973.14 crore at the end of May. HDFC MF's AUM grew by 7.6 per cent and stood at Rs 1,01,863.31 crore. The AUMs of Birla Sun Life MF and ICICI Prudential MF too grew substantially by 6.2 per cent and 5.6 per cent respectively in May.

Asset Under Management
  Assets (Rs cr)    
  Apr-10  May-10  Change(%)
Fund House  Total  Total  
Peerless Mutual Fund 496.26 823.38 65.9
Shinsei Mutual Fund 222.28 323.71 45.6
Axis Mutual Fund 3477.98 4715.89 35.6
Taurus Mutual Fund 2347.23 3056.16 30.2
L&T Mutual Fund 4125.69 5170.69 25.3
Bharti AXA Mutual Fund 595.35 724.17 21.6
Edelweiss Mutual Fund 216.16 261.09 20.8
Kotak Mahindra Mutual Fund 33845.34 40755.07 20.4
Benchmark Mutual Fund 1930.53 2263.15 17.2
Religare Mutual Fund 13829.25 15464.10 11.8
Fortis Mutual Fund 6902.15 7537.44 9.2
Baroda Pioneer Mutual Fund 4362.69 4759.53 9.1
HDFC Mutual Fund 94702.79 101863.31 7.6
Reliance Mutual Fund 111819.33 118973.14 6.4
Birla Sun Life Mutual Fund 69531.84 73855.08 6.2
Canara Robeco Mutual Fund 10050.84 10661.95 6.1
IDFC Mutual Fund 25623.23 27100.20 5.8
ICICI Prudential Mutual Fund 83063.89 87736.91 5.6
Franklin Templeton Mutual Fund 34911.90 36648.68 5.0
JM Financial Mutual Fund 8568.80 8950.43 4.5
Tata Mutual Fund 22051.27 22673.43 2.8
Principal Mutual Fund 7470.15 7647.76 2.4
Quantum Mutual Fund 102.67 103.09 0.4
Deutsche Mutual Fund 10111.61 10102.46 -0.1
DSP BlackRock Mutual Fund 21948.76 21884.95 -0.3
ING Mutual Fund 1707.27 1695.54 -0.7
UTI Mutual Fund 79456.70 78617.15 -1.1
Morgan Stanley Mutual Fund 2305.89 2253.67 -2.3
HSBC Mutual Fund 6005.03 5851.11 -2.6
Sundaram BNP Paribas Mutual Fund 14361.18 13976.11 -2.7
Fidelity Mutual Fund 7795.22 7575.63 -2.8
Mirae Asset Mutual Fund 245.06 236.50 -3.5
Escorts Mutual Fund 205.46 198.23 -3.5
LIC Mutual Fund 40507.21 38962.82 -3.8
Sahara Mutual Fund 804.57 765.23 -4.9
AIG Global Inv Grp Mutual Fund 1093.24 1030.86 -5.7
JPMorgan Mutual Fund 4114.75 3784.98 -8.0
SBI Mutual Fund 39826.35 36235.76 -9.0
Total 770735.92 805239.37 4.5
Source:AMFI