ICICI Pru MF's assets cross Rs. 1 trillion in March quarter

HDFC Mutual Fund retained its top position across fund houses in the March quarter

April 04, 2014 8:10 IST | India Infoline News Service
Out of the 43 fund houses that have declared their average AUM, 30 posted a rise in their assets in the quarter ended March 2014, according to the Association of Mutual Funds in India (AMFI).

ICICI Prudential Mutual Fund registered the highest growth in assets in absolute terms, up by Rs 96 bn to Rs 1.07 trillion, followed by Birla Sun Life Mutual Fund, whose assets rose by Rs 41 bn to Rs 891 bn. In percentage terms, JPMorgan Mutual Fund saw the highest rise of 26% in assets to Rs 162 bn.

ICICI Prudential Mutual Fund crosses the Rs 1 trillion mark; HDFC Mutual Fund retains top position
HDFC Mutual Fund retained its top position across fund houses in the March quarter. The fund’s average AUM was up by around 4% or Rs 40 bn to Rs 1.13 trillion. After posting almost 10% or Rs 96 bn gain in the March quarter, ICICI Prudential Mutual Fund entered the league of fund houses with assets over Rs 1 trillion. With assets of Rs 1.07 trillion, it captured the second position, pushing back Reliance Mutual fund (who managed AUM (assets under management) of Rs 1.04 trillion with gain of 1% or Rs 11 bn) to third position. The share of the top five mutual funds’ assets rose to 54% in the March quarter from 53% in the previous quarter while the share of top 10 funds’ assets was 78% (same as the previous quarter). The bottom 10 fund houses continued to occupy less than 1% of the average AUM.

Top 10 AMCs by average AUM (Rs bn)
Mutual fund category Jan-Mar 2014 Oct-Dec 2013 Absolute Change (bn) % Change
HDFC Mutual Fund 1129.63 1089.90 39.73 3.65
ICICI Prudential Mutual Fund 1068.22 971.91 96.31 9.91
Reliance Mutual Fund 1035.42 1024.87 10.55 1.03
Birla Sun Life Mutual Fund 890.51 849.98 40.53 4.77
UTI Mutual Fund 742.33 743.51 -1.18 -0.16
SBI Mutual Fund 654.99 645.61 9.39 1.45
Franklin Templeton Mutual Fund 454.04 442.58 11.47 2.59
IDFC Mutual Fund 413.49 412.48 1.02 0.25
Kotak Mahindra Mutual Fund 330.79 357.58 -26.78 -7.49
DSP BlackRock Mutual Fund 316.31 326.41 -10.10 -3.10
Source: AMFI

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