AUM of Quant AMC balloons by 59 per cent
When we look at the quarterly average assets under management (QAAUM) data of asset management companies (AMC), we would find that SBI Mutual Fund still tops the chart with a QAAUM of Rs 5.04 lakh crore. This is followed by HDFC Mutual Fund, ICICI Prudential Mutual Fund, Aditya Birla Sun Life Mutual Fund and Kotak Mutual Fund with QAAUM of Rs 4.16 lakh crore, Rs 4.05 lakh crore, Rs 2.69 crore and Rs 2.34 crore, respectively.
Having said that, looking purely at the AUM does not show the right picture about the performance of AMC. In fact, the real metric could be to measure the growth of AUM. So, in order to understand which AMC performed well, we computed the growth of AUM from the previous QAAUM (December 2020) with that of the recent QAAUM (March 2021). The below table lists the top 10 AMCs that performed well in terms of growth in AUM.
|
Asset management company
|
Dec. 2020 QAAUM
(Rs Crore)
|
Mar. 2021 QAAUM
(Rs Crore)
|
AUM Growth
(per cent)
|
|
Quant Mutual Fund
|
453.30
|
721.48
|
59.16
|
|
ITI Mutual Fund
|
844.81
|
1,178.53
|
39.50
|
|
PGIM India Mutual Fund
|
4,842.02
|
6,522.13
|
34.70
|
|
PPFAS Mutual Fund
|
6,631.72
|
8,720.30
|
31.49
|
|
IIFL Mutual Fund
|
1,885.10
|
2,369.93
|
25.72
|
|
Canara Robeco Mutual Fund
|
23,177.03
|
28,241.44
|
21.85
|
|
Mirae Asset Mutual Fund
|
58,070.29
|
69,597.60
|
19.85
|
|
Baroda Mutual Fund
|
8,269.68
|
9,624.44
|
16.38
|
|
Union Mutual Fund
|
4,612.83
|
5,240.41
|
13.61
|
|
Principal Mutual Fund
|
6,854.92
|
7,768.23
|
13.32
|
The above table clearly shows that Quant Mutual Fund outshines other AMCs when it comes to AUM growth. Its QAAUM soared by almost 59 per cent from December 2020 to March 2021. Moreover, we can also see some spectacular growth coming from ITI Mutual Fund, which shows AUM growth of around 40 per cent. This is quite commendable for a fairly new AMC.
On the contrary, JM Financial Mutual Fund, Indiabulls Mutual Fund, YES Mutual Fund, IDBI Mutual Fund and BOI AXA Mutual Fund proved to be the top five worst performers, registering a negative QAAUM growth of 35.57 per cent, 27.97 per cent, 14.97 per cent, 4.73 per cent, and 2.63 per cent, respectively.