Mutual fund industry registered rise in Average Asset Under management (AUM) in April 2009. The AUM of the industry has increased by 11.76% (Rs 58013.38 crore) to Rs 5.51 lakh crore in April 2009 compared with Rs 4.93 lakh crore in March 2009. AUM of funds of funds (FoFs) stood with Rs 706.29 crore in April 2009.
The increase in AUM is due to huge inflow in liquid funds, where banks and corporates invest heavily and also due to the recent recovery in equity market. According to the data released by RBI, banks had an outstanding investment of over Rs 85,000 crore in MFs as on 10 April 2009 against Rs 45,134 crore as on 27 March 2009.
The corresponding figures for the past year stood at Rs 50,950 crore and Rs 18,692 crore, respectively.
Out of 35 fund houses posted the Average AUM, 31 fund houses has recorded inflow and remaining 4 fund houses posted - outflow in April 2009. Baroda Pioneer MF has reported the impressive rise of 66.25% in April 2009 compared with March 2009.
All the top three funds recorded an inflow in April 2009. Reliance Mutual fund continued to be in the first position with AUM of Rs 88387.99 crore in April 2009 and its AUM has gained by 9.17% in April 2009 over March 2009. HDFC MF retained its second position with the average AUM of Rs 63880.63 crore a rise of 10.22% compared with the month of March 09 and ICICI Mutual Fund stood with an AUM of Rs 56049.28 crore and it rose by 8.98% in April 2009 over March 2009.
The other top mutual funds, in terms of AUM, UTI MF rose 11.76% to Rs 54489.99 crore in April 2009. Birla Sun Life MF has increased by Rs 4733.04 crore (10.05%) to Rs 51829.27 crore in its AUM and SBI MF also registered an impressive rise of 17.03% to Rs 30875.02 crore in April 2009 over March 2009.
Reliance MF registered the highest inflow in AUM of Rs 7425.05 crore, while HSBC MF recorded the outflow of Rs 253.91 crore, it was down by 2.65% in April 2009 over March 2009.
In the category of fund houses maintaining AUM between Rs 10000 -20000 crore, Sundaram BNP Paribas Mutual Fund surged by 20.45% to Rs 11161.77 crore in the month of April 2009 over March 2009. Deutsche Mutual Fund has gone up by 18.77% to Rs 11110.79 crore in April 2009.
In the category of MFs maintaining AUM between Rs 10000 - 1000 crore, Baroda Pioneer MF went up by 66.25% to Rs 1882.01 crore and DBS Chola has risen by 57.44% to Rs 1611.40 crore in April
2009 over March 2009, while ING MF was down by 6.95% to Rs 2353.08 crore and HSBC down by 2.65% to Rs 9321.28 crore.
The fund houses with relatively smaller corpus having AUM less than Rs 1000 crore has registered rise in their AUM, except Edelweiss and Benchmark MF. Taurus MF was up by 65.49% to Rs 344.82 crore and Sahara MF went up by 27.34% to Rs 185.82 crore, While Edelweiss registered a fall of 34.63% to Rs 14.57 crore in April 2009 and Benchmark MF's AUM declined by 12.11% to Rs 939.11 crore in April 2009 compared with March 2009.
The increase in AUM is due to huge inflow in liquid funds, where banks and corporates invest heavily and also due to the recent recovery in equity market. According to the data released by RBI, banks had an outstanding investment of over Rs 85,000 crore in MFs as on 10 April 2009 against Rs 45,134 crore as on 27 March 2009.
The corresponding figures for the past year stood at Rs 50,950 crore and Rs 18,692 crore, respectively.
Out of 35 fund houses posted the Average AUM, 31 fund houses has recorded inflow and remaining 4 fund houses posted - outflow in April 2009. Baroda Pioneer MF has reported the impressive rise of 66.25% in April 2009 compared with March 2009.
All the top three funds recorded an inflow in April 2009. Reliance Mutual fund continued to be in the first position with AUM of Rs 88387.99 crore in April 2009 and its AUM has gained by 9.17% in April 2009 over March 2009. HDFC MF retained its second position with the average AUM of Rs 63880.63 crore a rise of 10.22% compared with the month of March 09 and ICICI Mutual Fund stood with an AUM of Rs 56049.28 crore and it rose by 8.98% in April 2009 over March 2009.
The other top mutual funds, in terms of AUM, UTI MF rose 11.76% to Rs 54489.99 crore in April 2009. Birla Sun Life MF has increased by Rs 4733.04 crore (10.05%) to Rs 51829.27 crore in its AUM and SBI MF also registered an impressive rise of 17.03% to Rs 30875.02 crore in April 2009 over March 2009.
Reliance MF registered the highest inflow in AUM of Rs 7425.05 crore, while HSBC MF recorded the outflow of Rs 253.91 crore, it was down by 2.65% in April 2009 over March 2009.
In the category of fund houses maintaining AUM between Rs 10000 -20000 crore, Sundaram BNP Paribas Mutual Fund surged by 20.45% to Rs 11161.77 crore in the month of April 2009 over March 2009. Deutsche Mutual Fund has gone up by 18.77% to Rs 11110.79 crore in April 2009.
In the category of MFs maintaining AUM between Rs 10000 - 1000 crore, Baroda Pioneer MF went up by 66.25% to Rs 1882.01 crore and DBS Chola has risen by 57.44% to Rs 1611.40 crore in April
2009 over March 2009, while ING MF was down by 6.95% to Rs 2353.08 crore and HSBC down by 2.65% to Rs 9321.28 crore.
The fund houses with relatively smaller corpus having AUM less than Rs 1000 crore has registered rise in their AUM, except Edelweiss and Benchmark MF. Taurus MF was up by 65.49% to Rs 344.82 crore and Sahara MF went up by 27.34% to Rs 185.82 crore, While Edelweiss registered a fall of 34.63% to Rs 14.57 crore in April 2009 and Benchmark MF's AUM declined by 12.11% to Rs 939.11 crore in April 2009 compared with March 2009.
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