The assets under management (AUM) of the mutual fund industry dipped once again in March after having risen in February. The industry's total AUM stood at Rs 7,43,783.24 crore, a fall of 4.28 per cent compared to its end-February figure. In January, the fund industry's AUM had dipped 4 per cent compared to its December AUM. However, in February it rose to 7,81,154.27 crore, up 2.65 per cent compared to the end-January figure. Of the 37 (out of the total 38) fund houses whose AUMs were made available by the Association of Mutual Funds of India (Amfi), 22 witnessed a decline in their AUMs. In January, too, an equal number of fund houses had seen their AUMs decline, while in February the number had been only 14. The fund house that saw the highest decline in AUM in March was JP Morgan: it lost 23.68 per cent of its AUM. The next biggest loser was AIG, whose AUM declined by 20.62 per cent. In addition, eight fund houses saw their AUMs decline by more than 10 per cent. The larger fund houses too saw their AUMs erode. Reliance Mutual Fund's AUM stood at Rs 1,10,412.71 crore at the end of March, a decline of 4.61 per cent. Other large fund houses suffered similar losses. HDFC's AUM fell 6.69 per cent to Rs 88,779.84 crore while Birla Sun Life's assets fell 5.97 per cent to Rs 62,367.11 crore. ICICI Prudential and UTI, however, managed to buck the trend of declining AUMs. Their AUMs grew 0.57 per cent and 1.14 per cent respectively during March. In terms of percentage change, the latest entrant into the industry, Peerless Mutual Fund, witnessed the highest increase in AUM -- 149.88 per cent. In February its AUM stood at Rs 121.10 crore while in March it rose to Rs 302.60 crore.
Assets Under Management Assets (Rs Cr) Fund House Mar-10 Feb-10 Change (%) Peerless Mutual Fund 303 121 149.88 Edelweiss Mutual Fund 149 114 30.43 DSP BlackRock Mutual Fund 21,491 19,934 7.81 Quantum Mutual Fund 93 88 5.61 ING Mutual Fund 1,606 1,527 5.20 Morgan Stanley Mutual Fund 2,257 2,176 3.73 SBI Mutual Fund 37,417 36,072 3.73 Bharti AXA Mutual Fund 549 537 2.23 Mirae Asset Mutual Fund 251 246 2.01 Sahara Mutual Fund 635 624 1.79 UTI Mutual Fund 80,218 79,310 1.14 Sundaram BNP Paribas Mutual Fund 13,878 13,733 1.06 ICICI Prudential Mutual Fund 81,018 80,555 0.57 Escorts Mutual Fund 203 203 0.20 Franklin Templeton Mutual Fund 34,034 33,998 0.10 Fidelity Mutual Fund 7,790 7,795 -0.05 L&T Mutual Fund 2,511 2,538 -1.05 IDFC Mutual Fund 25,775 26,568 -2.99 Tata Mutual Fund 21,935 22,621 -3.03 Reliance Mutual Fund 110,413 115,753 -4.61 Taurus Mutual Fund 2,307 2,429 -5.00 HSBC Mutual Fund 6,215 6,563 -5.29 Axis Mutual Fund 3,552 3,754 -5.38 Birla Sun Life Mutual Fund 62,367 66,330 -5.97 HDFC Mutual Fund 88,780 95,144 -6.69 Canara Robeco Mutual Fund 9,220 10,017 -7.96 LIC Mutual Fund 40,665 44,727 -9.08 Religare Mutual Fund 12,945 14,841 -12.78 Fortis Mutual Fund 7,904 9,138 -13.50 Benchmark Mutual Fund 1,999 2,312 -13.54 Kotak Mahindra Mutual Fund 34,787 40,466 -14.03 Principal Mutual Fund 6,997 8,273 -15.43 JM Financial Mutual Fund 7,997 9,507 -15.87 Deutsche Mutual Fund 10,477 12,525 -16.35 Shinsei Mutual Fund 367 459 -19.93 AIG Global Inv Grp Mutual Fund 1,138 1,433 -20.62 JPMorgan Mutual Fund 3,541 4,640 -23.68 Grand Total 743,783 781,154 -4.28 Source: AMFI -- Posted By FinPower to FinPower-"Gives You Financial Power"<http://finpower.blogspot.com/2010/04/industry-aum-dips-in-march.html>at 4/05/2010 08:49:00 AM -- Thanks & Regards FinPower http://finpower.blogspot.com Group:[email protected] <group%[email protected]> -- You received this message because you are subscribed to the Google Groups ""GLOBAL SPECULATORS"" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/globalspeculators?hl=en.
