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Interesting data on the AUM managed by Mutual Funds

Following are some of the interesting details garnered from the data on Average Assets Under Management (AAUM) available on the AMFI's (Association of Mutual Funds in India) website for the period July-Sept 2013.

- There are 47 Asset Management Companies (AMCs) registered with AMFI

- Of these, 3 have 'zero' AAUM

- Total AAUM managed is around Rs.8.14 lakh crores.

- Of this, top 5 AMCs account for Rs.4.31 lakh crores. In other words, just 'five' companies manage more than half of the total mutual fund corpus in India.

- These Top 5 AMCs are HDFC MF (Rs.1.03 lakh crores), Reliance MF (Rs.95,000 crores), ICICI Prudential MF (Rs.85,000 crores), Birla Sun Life MF (Rs.77,000 crores) and UTI MF (Rs.70,000 crores)

- And 90% money is managed by 16 AMCs. While only 10% remains with the remaining 31 mutual fund companies.

- 27 AMCs each have less than 1% of the total AAUM i.e. less than Rs.8000 crores each... ranging from Rs.7976 crores (LIC Nomura MF) to as little as Rs.51 crores (Daiwa MF). 

- At around Rs.1.82 lakh crores, exposure to equity funds is a mere 23% of this Rs.8 lakh crore MF corpus. Debt funds account for the bulk 77% investment. 

- Among equity funds, HDFC Top 200 gets the honour of being the only fund with assets more than Rs.10,000 crores (with its cousin HDFC Equity Fund not far behind at around Rs.9700 crores AAUM). In other words, this one scheme has more money than the entire corpus of 31 AMCs each. [And just these two HDFC schemes put together have more money than the entire corpus of 37 companies each.]

So, our mutual fund industry is highly lopsided -- not only in terms of few companies garnering the maximum corpus but also debt category attracting huge share for itself. And both do not augur well for the mutual fund industry and the mutual fund investors.

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