Aditya Birla Sun Life MF's AUM grows over 3% MoM; Axis Bank, Tata Steel among major additions, Praj Industries a complete exit—Details here

At an asset under management (AUM) of Rs 2,911 bn, Aditya Birla Sun Life Mutual Fund has seen a growth of 3.30% month on month in January 2022 as compared to an AUM of Rs 2,818bn in December 2021. Overall, Aditya Birla Sun Life MF boasts of Rs 2,97, 947 crore AUM with as many as 106 schemes under its belt as of January 31, showed data with Stock Edge, an app to analyse stock market data. It stands in the 4th position in terms of MFs with highest AUM.  

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At Rs 6,44,390 crore AUM for the month ended January31, SBI Mutual Fund has the largest AUM among all leading MF houses.  Currently, SBI Mutual Fund runs 143 schemes.  ICICI Prudential Mutual Fund, which has an AUM of RS 4,87,665 crore as on January 31, stands second and runs 138 schemes. HDFC Mutual Fund, which is just above Aditya Birla Sun Life Mutual Fund, runs fewer schemes (80) than the latter, but has a bigger AUM of Rs 441,249crore as on January 31, 2022.    

Source: Stock Edge 
With 39% return in one year, Aditya Birla SL Digital India Fund growth is the most successful scheme in terms of returns generated in one year.    
Aditya Birla Sun Life Mutual Fund has maximum AUM under equity large cap fund at Rs 21, 841 crore.  

In January, at Rs 3.04bn, Aditya Birla SL MFs spent most on Axis Bank, while other major additions were ICICI Bank (Rs1.3bn), Tata Steel (Rs 1.14bn), Bandhan Bank (Rs 1.04bn) and HCL Technologies (Rs 1.03bn).  

At Rs 2.42bn, Aditya Birla Sun Life Mutual Fund pulled out the most from IDFC First Bank. GMR Infra (Rs 1.22bn), Bharti Airtel (Rs 1.2bn), Reliance Industries Ltd (Rs 0.91bn) and Kotak Mahindra Bank (Rs 0.88bn) were other key reductions.
Source: Edelweiss Alternative Research, ACE MF

Praj Industries and Sobha Limited were the stock in which the MF house took fresh entry. Besides, Aditya Birla Sun Life Mutual completely exited from Just Dial in January.

Source: Edelweiss Alternative Research, ACE MF
As of January 2022, Aditya Birla Sun Life holds a maximum 7.01 per cent stake in ICICI Bank. In terms of value, the fund house has overall 99,086 equity shares worth Rs 78.16bn in ICICI Bank for the month ended January 2022. 

Source: Edelweiss Alternative Research, ACE MF
Infosys, HDFC Bank, Reliance Industries and State Bank of India are next in line with 5.18% stake, 6.69%, 4.19% and 2.79% stakes as on January 31.  

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