Fund houses are gaining in AUM
DSIJ Intelligence / 20 Jul 2016
The total assets under management (AUM) for industry have grown at an impressive rate over a 1 year period between Nov 2014 and Nov 2015. As on Nov 30, 2015 the total AUM stands at Rs 1,351 K crore for the mutual fund industry. The growth rate in AUM, which has been reflected industry-wide stands at an impressive 18.59 per cent.
With a variety of investor awareness programs being conducted in India, the general public is getting exposed to benefits of investing in equity markets. Apart from the fact that general investing public is getting educated on the benefits of investing in equity as an asset class, investors are now being educated on the best ways to participate in equity markets. Overall, in India the participation in equity market is on the rise with preferred method for investing being mutual funds.
The total assets under management (AUM) for industry have grown at an impressive rate over a 1 year period between Nov 2014 and Nov 2015. As on Nov 30, 2015 the total AUM stands at Rs 1,351 crore for the mutual fund industry. The growth rate in AUM, which has been reflected industry-wide stands at an impressive 18.59 per cent. The growth in the AUM for a shorter period i.e June 2015 to Nov 2015 has been 7.49 per cent.
Axis Mutual Fund as a fund house has gained maximum in terms of AUM for both 1 year period and 6 months period. The total AUM for the fund house stands at Rs 34.6 K crores as on Nov 30 ,2015. The AUM has grown by almost 39 per cent for the period Nov 2014 to Nov 2015; whereas the AUM has grown by almost 20.98 per cent for a shorter period of 6 months between June 2015 to Nov 2015.
Reliance Mutual Fund as a fund house showed impressive performance while reflecting 22.52 per cent growth in AUM over a 1 year period. The total AUM for the fund house stands at Rs 158 K crore as on Nov 30 , 2015. For a shorter period the fund house has grown by 5.92 per cent.
ICICI Prudential is another fund house which has shown higher growth in AUM above the industry average. Over the 1 year period discussed, the AUM has grown by 22.35 per cent and for the shorter period the AUM has grown by 11.24 per cent. The total AUM for the fund house stands at Rs 176 K crore as on Nov 30, 2015.
Amongst the larger fund houses in terms of AUM, HDFC Mutual Fund has managed to grow at a rate below the industry average. Over a1 year period (Nov 2014 -Nov 2015) the HDFC Mutual Fund has managed to grow its AUM by 14.85 per cent and for a six months period the AUM has grown by 6.46 per cent between June 2015 to Nov 2015. The total AUM for the fund stands at Rs 180K crore as on Nov 30, 2015.
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