The average assets under management (AAUM) for the domestic mutual fund (MF) industry grew 19.5% from ₹32.1 Lakh Crs. in March 2021 quarter to ₹38.4 Lakh Crs. during the March 2022 quarter.
SBI AMC continues to enjoy the top slot for the 9th consecutive quarter with AAUM of ₹6.47 Lakh Crs. Meanwhile the top 10 AMCs continued to be the same for the 3rd consecutive quarter.
Notable mentions for NJ and Quant AMCs, showed the maximum increase AAUM (QoQ) on smaller bases. The AAUM of Quant mutual fund increased immensely on higher percentage as compared to last year quarter AAUM.
HDFC and IDFC mutual funds had maximum negative flows for the quarter. IDFC mutual fund’s AAUM dropped maximum from ₹1.25 Lakh Crs in March 2021 quarter to ₹1.21 Lakh Crs in March 2022 quarter.
Baroda & BNP Paribas Mutual Fund got merged, with the merged entity occupying the 21st slot, moving ahead of LIC & PGIM Mutual Funds. Samco Mutual Fund is the latest entrant in the AMC business, garnering assets worth ₹366.63 cr.
For all these snippets and much more please read through our report.