Mutual fund investor? SBI Mutual Fund, Edelweiss, Mirae Mutual Fund, HDFC Liquid Fund, SBI Liquid Fund, ICICI Pru Liquid Fund, SBI Small Cap Fund to ICICI Pru Technology Fund, here important notice for you

An amazing achievement has been logged by the mutual fund industry. AUM of Indian Mutual Fund Industry has grown from Rs 6.8 lk cr to Rs 31 lk Cr. Also, in the last 10 years, fund house ranking based on assets under management has seen a lot of shuffling. SBI Mutual Fund has jumped from sixth position to become the largest Fund House in India with an Average AUM of Rs 457355 Cr.

Edelweiss and Mirae Mutual Fund have shown a CAGR growth of more than 60%. HDFC Liquid Fund, SBI Liquid Fund and ICICI Pru Liquid Fund have the highest AUM in the industry and all three belong to the top 3 fund houses. SBI Small Cap Fund, Mirae Asset Emerging Bluechip Fund and ICICI Pru Technology Fund are the largest wealth creators with 10 year SIP returns of more than 20%.

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Kotak Standard Multicap Fund, Axis Long Term Equity Fund, HDFC Corp Bond Fund and Nippon India Arbitrage Fund have shown exceptional growth in AUM. SBI Bluechip Fund and Mirae Asset Emerging Bluechip Fund are at the top having highest 10 year CAGR and SIP returns in their respective categories. They are also consistent performers. Currently, their expense ratio is 1.7 which is among the lowest in the category.

Currently, Prashant Jain manages the highest AUM in the industry (Rs 40056 cr) followed by Sohini Andani (Rs 30179 cr), and Chirag Setalvad (Rs 26002 Cr). In the top 10 fund managers having high assets under management, only Neelesh Surana does not belong to top 10 fund houses and manages only 1 fund i.e. Mirae Asset Emerging Bluechip Fund. As on Dec-20, HDFC Bank, ICICI Bank and Infosys are the most favourite large cap stocks.

In mid and small cap space, Bharat Electronics and Persistent are the most favourite. Allocation in the Financial sector has increased from 21% to 31%. It has increased marginally in the healthcare, automobile and chemicals sector too. Major reduction can be seen in the energy, engineering and metals sector. Allocation in AAA and equivalent rated bonds has decreased from 92% to 60% and in sovereign bonds it has increased from just 1% to 30% currently.
Average AUM:

Indian Mutual Fund Industry has shown very good growth in AUM in the last 10 years. It has increased from Rs 6.8 lk cr to Rs 31 lk cr now. That represents CAGR of 16.4%. AUM growth is due to increased participation by both retail and institutional investors. QOQ growth was the highest in Sep-16 (11.8%) and after that it is in Dec-20 (11.6%). 2020 witnessed the greatest QOQ fall in AUM (9.4%) on account of spread of COVID-19 and economic slowdown.

MUTUAL FUND HOUSE RANKING:

SBI Mutual Fund has jumped from 6th position to become the largest fund house in India. HDFC & ICICI Mutual has maintained its 2nd & 3rd position and its AUM has grown by a CAGR of 16% and 19% respectively. Fund houses which have slipped down the list are Nippon, UTI and DSP Mutual Fund. Assets managed by Edelweiss and Mirae Mutual Fund have growth by a CAGR of huge 71% and 68% respectively.