HDFC MF retains top spot across fund houses in avg AUM
06/01/2015
00:15
HDFC Mutual Fund has retained its top position across fund houses in
the December quarter with respect to total assets managed as per data released
by the Association of Mutual Funds in India (AMFI), reported PTI.
The fund's
average AUM was up by Rs 89.87 billion or 6.35 per cent, to Rs 1.50 trillion --
an industry milestone.
ICICI Prudential Mutual Fund maintained its second
position at Rs 1.37 trillion, up by 7.13 per cent, or Rs 91 billion.
Reliance
Mutual Fund was ranked third at Rs 1.26 trillion as its average AUM rose by Rs
40.01 billion or 3.28 per cent.
Of the 43 mutual fund houses that declared
their average AUM, 30 fund houses posted a rise.
The share of the top-five
fund houses was 55 per cent, which is same as the previous quarter.
The
industry's AAUM exceeded the Rs 11-trillion mark during the quarter, the release
said.
Average AUM rose by 4.34 per cent, Rs 459.46 billion, to Rs 11.06
trillion (excluding fund of funds) in the quarter ended December 2014, a CRISIL
release said.
The industry's average assets increased by 26.14 per cent, or
Rs 2.29 trillion in 2014. Growth in the third quarter was primarily driven by
rise in assets of equity funds.
Equity funds' average AUM gained 15.53 per
cent or Rs 451.21 billion to hit record high of Rs 3.36 trillion.
For the
year, the category gained 71.68 per cent or Rs 1.40 trillion.
For 11 months
of the year, the category registered inflows of Rs 497.26 billion, compared with
outflows of Rs 127.05 billion in the similar period of 2013.
Long-term debt
funds' average AUM gained 6.37 per cent or Rs 41.91 billion to Rs 700.30
billion, while gilt funds' assets rose 22.86 percent or by Rs 12.99 billion to
Rs 69.84 billion.
For the calendar year, long-term debt and gilt funds'
assets declined 35 per cent and nine per cent respectively, the release
said.
Short-term debt funds rose for the third consecutive quarter, up 11.04
per cent or by Rs 95.30 billion to Rs 958.31 billion. Ultra short-term debt
funds rose for the fourth consecutive quarter, up 7.48 per cent, or Rs 79.70
billion, to Rs 1.15 trillion. In 2014, short-term debt funds and ultra
short-term debt funds witnessed 32 per cent and 42 per cent rise in assets
respectively.
Liquid funds were the biggest drag on industry assets, with the
category falling 5.25 per cent, or Rs 150.25 billion, to Rs 2.71 trillion. The
category witnessed 17 per cent rise in assets in 2014.
Assets of fixed
maturity plans (FMPs) fell for the second consecutive quarter, down 4.29
percent, or Rs 70.85 billion, to Rs 1.58 trillion.
Gold exchange traded funds
(ETFs) continued the downtrend as the category marked its fifth consecutive
quarterly fall. The category's AUM fell 6.76 per cent, or Rs 5.21 billion, to Rs
71.78 billion. This is due to persistent outflows despite a marginal rise in
price of underlying assets during the quarter.
Average AUM of direct plans
rose 4.14 per cent, or Rs 146.19 billion, to Rs 3.68 trillion at the end of
2014.
The share of direct plans, however, remained steady at 33 per cent of
the industry's AUM (excluding fund of funds) in the reported quarter compared
with the previous quarter but was higher compared with 30 per cent in the
year-ago quarter, the release said.
