Top 10 fund houses debt AUM stands at Rs 9.60 lakh crore in FY17

The top ten mutual fund houses posted a cumulative AUM of Rs 9.59 lakh crore as of March 2017, accounting for about 80 per cent of the total debt AUM of the industry. The total average debt asset of the top ten fund houses accounted for Rs 12 lakh crore.  

ICICI Prudential Mutual Fund, the largest fund house in terms of AUM posted a total AUM of Rs 2.48 lakh crore in quarter ended March of FY17, of which 62 per cent of the assets were in debt funds. The fund house also posted a over 32 per cent hike in the debt AUM of the fund house, from Rs 1.16 lakh crore in FY16 to Rs 1.53 lakh crore in FY17.    

The income funds comprised a significant portion of the total debt AUM, with AUM under income funds growing by 35 per cent. While the assets under liquid funds grew by 27 per cent. Income funds comprised 69 per cent and the liquid funds comprised 30 per cent of the total debt AUM.   

Birla Sun Life Mutual Fund, the fourth largest fund house, stood at the second place with a debt AUM of about Rs 1.45 lakh crore, while in absolute terms the fund house posted the highest growth in debt AUM. The fund house’s debt AUM rose by Rs 40,400 crore from Rs 1.04 lakh crore in the previous fiscal.   

HDFC MF, that manages the largest equity AUM, stood at the third position with a debt AUM of Rs 1.44 lakh crore, followed by Reliance Mutual Fund with a debt AUM of Rs 1.41 lakh crore.
  
While on percentage basis, DSP BlackRock Mutual Fund posted the highest growth in its debt AUM in the previous fiscal. The fund house recorded a growth in its debt AUM by 66 per cent from Rs 23,140 crore to Rs 38,323 crore in the fiscal year 2017.