MutualfundsinIndia
FromWikipedia,thefreeencyclopedia
ThefirstintroductionofamutualfundinIndiaoccurredin1963,whentheGovernmentofIndia
launchedUnitTrustofIndia(UTI).Until1987,UTIenjoyedamonopolyintheIndianmutualfund
market.ThenahostofothergovernmentcontrolledIndianfinancialcompaniescameupwiththeirown
funds.TheseincludedStateBankofIndia,CanaraBank,andPunjabNationalBank.Thismarketwas
madeopentoprivateplayersin1993,asaresultofthehistoricconstitutionalamendmentsbrought
forwardbythethenCongressledgovernmentundertheexistingregimeofLiberalization,Privatization
andGlobalization(LPG).ThefirstprivatesectorfundtooperateinIndiawasKothariPioneer,which
latermergedwithFranklinTempleton.SEBIistheregulatorofmutualfunds.In1996,SEBIformulated
theMutualFundRegulationwhichisacomprehensiveregulatoryframework.[1]
Contents
1 MutualfundsareanundertappedmarketinIndia
2 MutualfunddistributioninIndia
3 AverageAssetsunderManagement
4 References
MutualfundsareanundertappedmarketinIndia
Despitebeingavailableinthemarket[2]lessthan10%ofIndianhouseholdshaveinvestedinmutual
funds.ArecentreportonMutualFundInvestmentsinIndiapublishedbyresearchandanalyticsfirm,
BostonAnalytics,suggestsinvestorsareholdingbackfromputtingtheirmoneyintomutualfundsdueto
theirperceivedhighriskandalackofinformationonhowmutualfundswork.[3]Thereare46Mutual
FundsasofJune2013.[4]
Theprimaryreasonfornotinvestingappearstobecorrelatedwithcitysize.Amongrespondentswitha
highsavingsrate,closeto40%ofthosewholiveinmetrosandTierIcitiesconsideredsuchinvestments
tobeveryrisky,whereas33%ofthoseinTierIIcitiessaidtheydidnotknowhoworwheretoinvestin
suchassets.
MutualfunddistributioninIndia
Mutualfundinvestmentsaresourcedbothfrominstitutions(companies)andindividuals.SinceJanuary
2013,institutionalinvestorshavemovedtoinvestingdirectlywiththemutualfundssincedoingsosaves
ontheexpenseratioincurred.Individualinvestorsare,however,servedmostlybyInvestmentadvisor
andbanks.Since2009,onlineplatformsforinvestinginMutualfundshavealsoevolved.
AverageAssetsunderManagement
Assetsundermanagement(AUM)isafinancialtermdenotingthemarketvalueofallthefundsbeing
managedbyafinancialinstitution(amutualfund,hedgefund,privateequityfirm,venturecapitalfirm,
orbrokeragehouse)onbehalfofitsclients,investors,partners,depositors,etc.
TheaverageAssetsundermanagementofallMutualfundsinIndiaforthequarterJul13toSep13(in
INRbillion)isgivenbelow:[5]
SrNo
MutualFundName
HDFCMutualFund
AverageAUM
1,034.42
12.70%
RelianceMutualFund
952.28
11.69%
ICICIPrudentialMutualFund
853.03
10.48%
BirlaSunLifeMutualFund
773.44
9.50%
UTIMutualFund
700.57
8.60%
SBIMutualFund
595.58
7.31%
FranklinTempletonMutualFund 448.12
5.50%
IDFCMutualFund
396.65
4.87%
KotakMahindraMutualFund
352.99
4.34%
10
DSPBlackRockMutualFund
304.86
3.74%
11
TataMutualFund
179.66
2.21%
12
DeutscheMutualFund
170.59
2.10%
13
L&TMutualFund
150.79
1.85%
14
SundaramMutualFund
139.47
1.71%
15
JPMorganMutualFund
132.57
1.63%
16
ReligareInvescoMutualFund
125.12
1.54%
17
AxisMutualFund
123.18
1.51%
18
LICNOMURAMutualFund
79.76
0.98%
19
CanaraRobecoMutualFund
76.16
0.94%
20
HSBCMutualFund
67.18
0.83%
21
JMFinancialMutualFund
62.44
0.77%
22
BarodaPioneerMutualFund
52.63
0.65%
23
IDBIMutualFund
47.71
0.59%
24
PRINCIPALMutualFund
43.00
0.53%
25
GoldmanSachsMutualFund
41.49
0.51%
26
BNPParibasMutualFund
35.38
0.43%
27
MorganStanleyMutualFund
32.90
0.40%
28
PeerlessMutualFund
28.35
0.35%
29
TaurusMutualFund
27.32
0.34%
30
PramericaMutualFund
21.66
0.27%
31
UnionKBCMutualFund
19.80
0.24%
32
IndiabullsMutualFund
16.06
0.20%
33
INGMutualFund
11.05
0.14%
34
PineBridgeMutualFund
11.03
0.14%
35
BOIAXAMutualFund
10.82
0.13%
36
MiraeAssetMutualFund
5.08
0.06%
37
MotilalOswalMutualFund
4.37
0.05%
38
QuantumMutualFund
3.15
0.04%
39
PPFASMutualFund
2.67
0.03%
40
EscortsMutualFund
2.52
0.03%
41
SaharaMutualFund
2.33
0.03%
42
IIFLMutualFund
2.07
0.03%
43
EdelweissMutualFund
1.94
0.02%
44
DaiwaMutualFund
0.51
0.01%
45
IL&FSMutualFund(IDF)
0.00%
46
ShriramMutualFund
0.00%
47
SREIMutualFund(IDF)
0.00%
8,142.68
100.0%
GrandTotal
S.No
Seller
AcqiredBy
Year
AllianceCapitalMF
BirlaSunlife
2005
StandardChartered
IDFC
2008
AIGGlobalInvestmentGroupMF
PineBridgeMF
2011
BenchmarkMutualFund
GoldmanSachs 2011
Fidelity
L&TFinance
2012
MorganStanley's
HDFC
2013
PineBridgeMF
KotakMF
2014
INGMutualFund
BirlaSunlife
2014
DaiwaAMC
SBIMF
2013
10
GoldmanSachs
RelianceMF
2015
References
1.
2.
3.
4.
5.
"MutualFundsinIndia".KotakSecurities.13December2014.Retrieved27April2015.
"AssociationofMutualFunds,India".Retrieved4September2013.
"BostonAnalyticsIndiaWatch".Retrieved4September2013.
"AverageAUMFundwise".June2013.Retrieved4September2013.
"AverageAUM".AssociationofMutualFundsinIndia.Retrieved8December2013.
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Categories: MutualfundsofIndia
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