NEW DELHI: Mutual fund trade‘s asset base rose by 12 per cent to Rs 27.6 lakh crore through the September 2020 quarter, totally on account of rebound in markets.
The common asset below administration (AAUM) of the trade, comprising 45 gamers, was at Rs 24.63 lakh crore in April-June quarter this yr, based on information by Affiliation of Mutual Funds in India (Amfi).
All prime 10 fund homes — SBI MF, HDFC MF, ICICI Prudential MF, Aditya Birla Sunlife MF, Nippon India MF, Kotak MF, Axis MF, UTI MF, IDFC MF and DSP MF — witnessed a rise of their respective common AUMs through the September quarter.
Notably, Axis MF, UTI MF, SBI MF and Kotak MF have witnessed a rise within the vary of 14-16 per cent of their property base beating the typical trade’s progress of 12 per cent.
In keeping with Vidya Bala, co-founder of Primeinvestor.in, market rebound triggered the expansion within the trade’s AUM on a quarter-on quarter foundation.
“In any other case regular outflows from fairness funds is an indication of insecurity in funds by retail buyers. The uncertainty attributable to Covid-19 has additionally prompted buyers to redeem and preserve property in money,” she added.
Omkeshwar Singh, Head Rank MF at Samco Securities, mentioned the AAUM of September quarter is larger in comparison with June quarter majorly attributable to appreciation in worth of current holding in fairness oriented funds — rise on the fairness markets.
“Within the debt facet, there was incremental inflows of almost Rs 1 lakh crore and principally in July 2020,” he added.
SBI Mutual Fund, which continues to be the most important fund home within the nation, noticed its asset base rising 15.6 per cent to Rs 4,21,364 crore. It had a median AUM of Rs 3,64,363 crore within the previous quarter.
HDFC MF noticed its asset base rising by 5.Four per cent to Rs 3,75,516 crore through the interval below evaluation, from Rs 3,56,183 crore within the June quarter.
ICICI Prudential MF posted a median AUM of Rs 3,60,049 crore in September quarter, in opposition to Rs 3,26,291 crore in June quarter, indicating a rise of 10.Three per cent.
Aditya Birla Sunlife MF and Nippon India MF have seen their common AUM rising by 11 per cent every to Rs 2,38,674 crore and a bit over Rs 2 lakh crore respectively.
Kotak MF’ common AUM spiked by 14.5 per cent to Rs 1,91,598 crore in three months ended September 30 from Rs 1,67,326 crore within the previous quarter.
The asset base of Axis MF climbed by 16.Three per cent to Rs 1,56,255 crore in September quarter whereas that of UTI MF accelerated by 16.1 per cent to Rs 1,55,190 crore.
UTI MF, which has lately concluded its preliminary public providing, had an AAUM of Rs 1,33,631 crore within the June quarter.
The common AAUM of IDFC MF and DSP MF went up by 12.Three per cent and 12 per cent to Rs 1,14,335 crore and Rs 82,286 crore respectively.
Within the June quarter, the trade had registered an eight per cent decline in AUM on account of outflow strain each in debt and fairness.



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