Average AUM rises 11.8% in Q2 FY17

Average assets under management (AAUM) of the mutual fund (MF) industry increased by 11.8% (by Rs1.697 lakh crore) to an all-time high of Rs 16.11 lakh crore during the quarter ended September 2016 as against Rs 14.41 lakh crore registered during the quarter ended June 2016, helped by strong participation from retail investors and robust inflow in equity schemes. Mutual fund industry's asset base surged 22.4% on yearly basis, mainly on account of huge inflows in equity schemes and strong participation through systematic investment plans (SIPs).The yearly rise in AAUM is largely on account of huge inflow in equity and equity-oriented schemes. In addition, retail participation increased significantly during the year.

On quarterly basis, of the 42 mutual funds (Mahindra Mutual Fund is new fund house), 38 fund houses registered rise in AAUM, while the rest resulted in fall during the September quarter. There were 02 mutual funds whose AAUM fell by over 10%Sahara and Taurus. In the quarter ended September 2016 there were 24 fund houses which witnessed a rise in their average quarterly AUM upto10%, while 14 AMCs saw a rise in the AUM in the range of 0.7%-9.2%.

BOI AXA postedthe highest rise among the fund houses which witnessed rise in AAUM, from Rs2753.99 crore to Rs3635.89 crore. It was followed by Mirae Asset which posted 31.6% rise.

The top five fund houses HDFC, Reliance, ICICI Prudential, Birla Sun Life and SBI (UTI AAUM sifted to sixth position from top five) gained an aggregate of Rs9.13 lakh crore in their AAUM over the last quarter. Among the top 5 players, Birla Sun Life was the highest gainer as its AAUM increased by 13.3% or by Rs19788.11 crore to Rs 1.69 lakh crore over that in quarter ended June 2016. ICICI Prudential clocked the top position shifting HDFC down to second position in terms of AAUM. ICICI Prudential AAUM increased by 11.7% to Rs2.16 lakh crore. HDFC AAUM increased by 10.5% to Rs 2.13 lakh crore. UTI Mutual Fund gained 13.5% or Rs by 15164.66crore during the quarter and its AAUM stood at Rs 1.27 lakh crore. SBI MF increased9.7%, to Rs 1.32 lakh crore. Reliance MF AAUM increased by 9.7% at Rs 1.83 lakh crore.

In terms of absolute asset growth in July-September 2016 over April-June 2016, ICICI Prudential MF leads the pack with rise by Rs22689.88 crore rise followed by HDFC MF with Rs 20309.66 crore and Birla Sun Life MF is third with rise by Rs19788.11crore assets added in this period.

Average Assets under Management (AAUM) for the quarter of July-September 2016 (Rs in crore)Mutual Fund Name AUM (Rs CR) September 2016^ AUM (Rs CR) June 2016^ Change (Rs CR) VAR (%)Axis Mutual Fund 47179.23 40867.93 6311.31 15.4Baroda Pioneer Mutual Fund 11702.62 9116.60 2586.02 28.4Birla Sun Life Mutual Fund 168880.81 149092.70 19788.11 13.3BNP Paribas Mutual Fund 6068.72 5411.16 657.56 12.2BOI AXA Mutual Fund 3635.89 2753.99 881.91 32.0Canara Robeco Mutual Fund 9319.82 8099.17 1220.65 15.1DHFL Pramerica Mutual Fund 24472.92 21739.91 2733.01 12.6DSP BlackRock Mutual Fund 49851.54 41415.65 8435.89 20.4Edelweiss Mutual Fund 2255.63 2032.38 223.24 11.0Escorts Mutual Fund 294.90 290.58 4.32 1.5Franklin Templeton Mutual Fund 73666.13 67592.81 6073.32 9.0Goldman Sachs Mutual Fund 7098.66 6500.48 598.18 9.2HDFC Mutual Fund 213086.14 192776.48 20309.66 10.5HSBC Mutual Fund 8502.74 7839.05 663.68 8.5ICICI Prudential Mutual Fund 215985.85 193295.97 22689.88 11.7IDBI Mutual Fund 8128.36 6718.84 1409.52 21.0IDFC Mutual Fund 56656.26 54091.38 2564.88 4.7IIFCL Mutual Fund (IDF) 388.37 379.15 9.22 2.4IIFL Mutual Fund 370.36 395.12 -24.76 -6.3IL&FS Mutual Fund (IDF) 970.15 946.88 23.26 2.5Indiabulls Mutual Fund 6731.29 6231.01 500.28 8.0Invesco Mutual Fund 22560.37 19039.35 3521.02 18.5JM Financial Mutual Fund 13612.13 12756.00 856.13 6.7JPMorgan Mutual Fund 5064.81 5584.24 -519.43 -9.3Kotak Mahindra Mutual Fund 70387.06 62874.20 7512.85 11.9L&T Mutual Fund 32666.65 28403.80 4262.85 15.0LIC Mutual Fund 16452.71 13040.12 3412.60 26.2Mahindra Mutual Fund 949.88 0.00 949.88 -Mirae Asset Mutual Fund 5235.45 3976.80 1258.65 31.6MotilalOswal Mutual Fund 6392.95 5420.52 972.42 17.9Peerless Mutual Fund 970.88 927.40 43.47 4.7PPFAS Mutual Fund 667.67 663.30 4.37 0.7PRINCIPAL Mutual Fund 5136.17 4666.18 469.99 10.1Quantum Mutual Fund 805.66 703.25 102.41 14.6Reliance Mutual Fund 183128.86 167009.17 16119.69 9.7Sahara Mutual Fund 79.51 101.34 -21.84 -21.5SBI Mutual Fund 131554.42 119878.20 11676.22 9.7Shriram Mutual Fund 43.15 40.38 2.77 6.9Sundaram Mutual Fund 26699.88 24535.61 2164.27 8.8Tata Mutual Fund 39691.09 35331.70 4359.39 12.3Taurus Mutual Fund 2663.42 3195.98 -532.56 -16.7Union KBC Mutual Fund 3386.50 3123.63 262.87 8.4UTI Mutual Fund 127333.21 112168.55 15164.66 13.5Grand Total 1610728.80 1441026.96 169701.84 11.8* AUM pertains to 43 Mutual funds