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AMCs' Assets: A Report Card

In the one year ended January 31, 2005, the Indian Mutual Fund industry added Rs 6,787.55 crore to its kitty. Let's see who gained the most and who were left behind

In the one year ended January 31, 2005, the Indian Mutual Fund industry added Rs 6,787.55 crore to its kitty. Let's see who gained the most and who were left behind

Top Five Gainers
HSBC Mutual Fund gained the most. The fund house added a whopping Rs 3434.49 crore to its assets under management--this is more than the assets of the fourteenth largest AMC of India on January 31, 2004.

Tata TD Mutual Fund too partied. The AMC's assets swelled by an impressive Rs 3392.60 crore. The huge success of the IPO of Tata Infrastructure Fund, that collected Rs 772 crore in January 2005, helped the AMC clock a massive 87.61 per cent rise in its AUM.

Principal Mutual Fund became the third largest beneficiaries and added Rs 1964.27 crore to its asset base. ABN Amro Mutual Fund, launched in September, 2004, was the next--the fund house gained Rs 1157.87 crore. Reliance Capital Mutual Fund secured the fifth place by amassing Rs 1136.06 crore additional assets.

Top Five Losers
LIC Mutual Fund heads the list of losers. The fund house shed Rs 1405.06 crore. JM Financial Mutual Fund comes next, followed closely by Sundaram Mutual Fund--the duo lost Rs 992 and Rs 901.45 crore, respectively. Alliance Capital Mutual Fund assets declined by Rs 874.67 crore. The surprise entrant to the category of the top five losers, however, is HDFC Mutual Fund that lost Rs 829.23 crore of its assets.

The Richest AMCs
UTI Mutual Fund, Prudential ICICI Mutual Fund, Franklin Templeton Mutual Fund, HDFC Mutual Fund and Birla Sun Life Mutual Fund were the top five richest AMCs, respectively, as on January 31, 2005. Together, they control more than half the assets of the Indian mutual fund industry.

Within the top five, Prudential ICICI Mutual Fund replaced Franklin Templeton Mutual Fund to become the second richest AMC in the one year ended January 31, 2005. However, this may change in days to come if the ongoing IPO of Franklin India Flexi-cap succeeds.

HDFC Mutual Fund, despite appearing in the top five losers' list, has managed to hold on to its fourth position.

How They Stack Up
AMCs  AUM (Rs Cr)
UTI Mutual Fund 20707.21
Prudential ICICI Mutual Fund 16600.54
Franklin Templeton Mutual Fund 15409.15
HDFC Mutual Fund 14490.10
Birla Sunlife Mutual Fund 9925.38
Reliance Capital Mutual Fund 8158.96
Standard Chartered Mutual Fund 7891.31
HSBC Mutual Fund 7379.00
Tata TD Mutual Fund 7265.12
SBI Mutual Fund 6210.47
DSP Merrill Lynch Mutual Fund 6135.29
Kotak Mahindra Mutual Fund 6059.13
Principal Mutual Fund 5619.97
JM Financial Mutual Fund 3395.23
LIC Mutual Fund 2649.40
Deutsche Mutual Fund 1903.06
Sundaram Mutual Fund 1888.70
Canbank Mutual Fund 1692.19
Morgan Stanley Mutual Fund 1521.43
ING Vysya Mutual Fund 1441.40
Alliance Capital Mutual Fund 1431.11
ABN AMRO Mutual Fund 1157.87
Cholamandalam Mutual Fund 1080.16
Benchmark Mutual Fund 437.79
Sahara Mutual Fund 341.32
Taurus Mutual Fund 160.33
BoB Mutual Fund 156.88
Escorts Mutual Fund 148.36
GIC Mutual Fund 125.27
Data as on January 31, 2005