May 6, 2008

Mutual Funds AUM Report - AUM up by 7.32%

06 May 2008 | 11:21 AUM up by 7.32%

Assets under management (AUM) registered an impressive rise of 7.32% to Rs 5.67 lakh crore in April 2008 compared with Rs 5.28 lakh crore in March 2008. AUM of fund of funds (FoFs) was Rs 3759.02 crore in April 2008. It has been the highest monthly gain in AUM since October 2007.

Of the 33 mutual funds 26 registered a rise in AUM in April 2008 over March 2008 and rest 7 showed a decline in their AUM. There were 17 fund houses with AUM above Rs 10000 crore. Fifteen of them had a net inflow in April 2008 compared with March 2008.

The top three funds witnessing a rise in the AUM included Mirae Mutual Fund (95.18%), Canara Robeco Mutual Fund (30.35%) and AIG Global Investment Group Mutual Fund (21.71%). Reliance Mutual Fund continued its run as the largest fund house with Rs 96386.40 crore of AUM in April 2008 a rise of 5.99% over March 2008. It registered net inflow of Rs 5448.46 crore in April 2008 over March 2008. AUM of ICICI Prudential Mutual Fund was at Rs 55708.52 crore in April 2008 a rise of 2.55% in AUM over March 2008 continued to be at the second position.

AUM of UTI Mutual Fund increased by 7.28% whereas AUM of HDFC Mutual Fund increased by 15.63% in April 2008 over March 2008. Occupying the third and fourth slots, AUM of UTI Mutual Fund and HDFC Mutual Fund were Rs 52549.40 crore and Rs 51770.81 crore, respectively. Both the fund houses were in the third and fourth positions in March 2008.

The other top mutual funds, in terms of AUM, were Birla Sun Life Mutual Fund (Rs 39489.22 crore), SBI Mutual Fund (Rs 30394.73 crore) and Franklin Templeton Mutual Fund (Rs 28631.63 crore) in April 2008. The assets of Birla Sun Life Mutual Fund increased by 9.98% in April 2008 whereas Franklin Templeton Mutual Fund showed an increase of 6.67%.

HDFC Mutual Fund recorded the highest inflow of Rs 6997.65 crore in April 2008 followed by Reliance Mutual Fund with a net inflow of Rs 5448.46 crore. Occupying the third and fourth slots, Birla Sun Life Mutual Fund and UTI Mutual Fund recorded the highest inflow Rs 3583.18 crore and Rs 3566.59 crore, respectively.

Deutsche Mutual Fund recorded the second highest net outflow of Rs 794.77 crore in April 2008, after JM Financial Mutual Fund, which secured its top position with an outflow of Rs 864.86 crore, followed by Benchmark Mutual Fund and ING Vysya Mutual Fund, with a net outflow of Rs 378.42 crore and Rs 138.33 crore, respectively.

AUM of mutual fund in April 2008*

MUTUAL FUND NAME

AUM (Rs CR) April 2008

AUM (Rs CR) March 2008

CHANGE

(RS CR)

VAR (%)

ABN AMRO MF

6328.67

6400.38

-71.71

-1.12

AIG Global Investment Group MF

3811.17

3131.27

679.90

21.71

Benchmark MF

2941.55

3319.97

-378.42

-11.40

Birla Sun Life Mutual fund

39489.22

35906.04

3583.18

9.98

BOB Mutual Fund

70.55

72.39

-1.84

-2.54

Canara Robeco Mutual Fund

3721.63

2855.06

866.57

30.35

Chola Mutual Fund

2310.92

2371.99

-61.07

-2.57

Deutsche Mutual Fund

12116.79

12911.56

-794.77

-6.16

DSP Merrill Lynch Mutual Fund

18164.49

16675.47

1489.02

8.93

Escorts Mutual Fund

151.63

143.33

8.30

5.79

Fidelity Mutual Fund

8485.02

8358.86

126.16

1.51

Franklin Templeton Mutual Fund

28631.63

26842.22

1789.41

6.67

HDFC Mutual Fund

51770.81

44773.16

6997.65

15.63

HSBC Mutual Fund

16864.97

14888.20

1976.77

13.28

ICICI Prudential Mutual Fund

55708.52

54321.87

1386.65

2.55

ING Vysya Mutual Fund

8469.96

8608.29

-138.33

-1.61

JM Financial Mutual Fund

12079.88

12944.74

-864.86

-6.68

JP Morgan Mutual Fund

2451.09

2170.99

280.10

12.90

Kotak Mahindra Mutual Fund

20091.86

18070.62

2021.24

11.19

LIC Mutual Fund

16134.25

14056.16

2078.09

14.78

Lotus India Mutual Fund

7957.02

7925.23

31.79

0.40

Mirae Mutual Fund

2160.95

1107.13

1053.82

95.18

Morgan Stanley Mutual Fund

3309.22

3205.01

104.21

3.25

PRINCIPAL Mutual Fund

14880.93

13207.30

1673.63

12.67

Quantum Mutual Fund

67.03

63.53

3.50

5.51

Reliance Mutual Fund

96386.40

90937.94

5448.46

5.99

Sahara Mutual Fund

187.62

178.70

8.92

4.99

SBI Mutual Fund

30394.73

29178.96

1215.77

4.17

Standard Chartered Mutual Fund

13617.50

12733.48

884.02

6.94

Sundaram Mutual Fund

13619.44

12563.70

1055.74

8.40

Tata Mutual Fund

22348.47

19678.93

2669.54

13.57

Taurus Mutual Fund

328.50

320.16

8.34

2.60

UTI Mutual Fund

52549.40

48982.81

3566.59

7.28

Total

567601.82

528905.45

38696.37

7.32

*AUM pertains to 33 Mutual Funds
Source: www.amfiindia.com

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