Mutual fund industry registered rise in Average Asset Under management (AUM) in May 2009. The AUM of the industry has increased by 15.94% (Rs 87875.98 crore) to Rs 6.39 lakh crore in May 2009 compared with Rs 5.51 lakh crore in April 2009. AUM of funds of funds (FoFs) stood with Rs 716.87 crore in May 2009.
The asset base of an industry has surpasses its historic high of Rs 6.00 lakh crore recorded in May 2008. It has grown largely on account of the inflows in liquid funds, where banks and corporates invest heavily.
The rise in asset base is also attributed to the recent market rally, which not only helped in improving valuations but also attracted fresh inflows in equity schemes after a long time.
All 35 fund houses have recorded the growth in the AUM in May 2009. There were 14 fund houses with AUM above Rs 10000 crore.
All the top three funds recorded an inflow in May 2009. Reliance Mutual fund continued to be in the first position with AUM of Rs 1.02 lakh crore in May 2009 and its AUM has gained 16.23% in May 2009 over April 2009.
HDFC MF retained its second position with the average AUM of Rs 75406.10 crore a rise of 18.04% compared with the month of April 09 and ICICI Mutual Fund stood third with an AUM of Rs 65549.86 crore and it rose by 16.95% in May 2009 over April 2009.
The other top mutual funds, in terms of AUM, UTI MF jumped 16.42% to Rs 63437.87 in May 2009. Birla Sun Life MF has gone up 9.18% to Rs 56586.02 crore in its AUM and SBI MF also registered a rise of 11.55% to Rs 34441.20 crore in May 2009 over April 2009.
Reliance MF registered the highest inflow in AUM of Rs 14342.17 crore followed by HDFC MF with a net inflow of Rs 11525.47 crore, ICICI Pru MF with net inflow of Rs 9500.58 crore and UTI MF with Rs 8947.88 crore in May 2009.
In the category of fund houses maintaining AUM between Rs 10000 -30000 crore, Kotak Mahindra MF jumps 30.91% to Rs 28337.83 crore in the month of May 2009 over April 2009 and IDFC MF has gone up by 25.65% to Rs 20139.13 crore in May 2009.
In the category of MFs maintaining AUM between Rs 1000- 10000 crore Baroda Pioneer MF went up by 85.09% to Rs 3483.36 crore and JP Morgan MF rose 42.46% to Rs 3955.88 crore in May 2009 over April 2009
Smaller fund houses with relatively smaller corpus having AUM less than Rs 1000 crore also has registered rise in their AUM. Taurus MF was up by 73.26% to Rs 597.43 crore, Edelweiss MF went up by 41.61% to Rs 20.63 crore and Mirae Asset MF has gone up by 13.47% to Rs 216.23 crore in May 2009.
The asset base of an industry has surpasses its historic high of Rs 6.00 lakh crore recorded in May 2008. It has grown largely on account of the inflows in liquid funds, where banks and corporates invest heavily.
The rise in asset base is also attributed to the recent market rally, which not only helped in improving valuations but also attracted fresh inflows in equity schemes after a long time.
All 35 fund houses have recorded the growth in the AUM in May 2009. There were 14 fund houses with AUM above Rs 10000 crore.
All the top three funds recorded an inflow in May 2009. Reliance Mutual fund continued to be in the first position with AUM of Rs 1.02 lakh crore in May 2009 and its AUM has gained 16.23% in May 2009 over April 2009.
HDFC MF retained its second position with the average AUM of Rs 75406.10 crore a rise of 18.04% compared with the month of April 09 and ICICI Mutual Fund stood third with an AUM of Rs 65549.86 crore and it rose by 16.95% in May 2009 over April 2009.
The other top mutual funds, in terms of AUM, UTI MF jumped 16.42% to Rs 63437.87 in May 2009. Birla Sun Life MF has gone up 9.18% to Rs 56586.02 crore in its AUM and SBI MF also registered a rise of 11.55% to Rs 34441.20 crore in May 2009 over April 2009.
Reliance MF registered the highest inflow in AUM of Rs 14342.17 crore followed by HDFC MF with a net inflow of Rs 11525.47 crore, ICICI Pru MF with net inflow of Rs 9500.58 crore and UTI MF with Rs 8947.88 crore in May 2009.
In the category of fund houses maintaining AUM between Rs 10000 -30000 crore, Kotak Mahindra MF jumps 30.91% to Rs 28337.83 crore in the month of May 2009 over April 2009 and IDFC MF has gone up by 25.65% to Rs 20139.13 crore in May 2009.
In the category of MFs maintaining AUM between Rs 1000- 10000 crore Baroda Pioneer MF went up by 85.09% to Rs 3483.36 crore and JP Morgan MF rose 42.46% to Rs 3955.88 crore in May 2009 over April 2009
Smaller fund houses with relatively smaller corpus having AUM less than Rs 1000 crore also has registered rise in their AUM. Taurus MF was up by 73.26% to Rs 597.43 crore, Edelweiss MF went up by 41.61% to Rs 20.63 crore and Mirae Asset MF has gone up by 13.47% to Rs 216.23 crore in May 2009.
1 comment:
This is new beginning after the 21,000 mark crash at Indian stock exchange. People are returning towards the stock exchange again . This is the new sign for the recovery of Indian economy as well as.
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