Posts filed under 'Fund Houses & AMCs'
Here is a list of top Indian mutual fund companies in terms of Average Assets Under Management (AAUM) managed by them for the period of July - September 2011. The compilation is made according to data provided by AMFI. Important change is that HDFC MF has over took Reliance MF for the first time in almost after 5 years.
# Fund House Average Assets Under Management
1 HDFC Mutual Fund 9182711.19
2 Reliance Mutual Fund 9066060.39
3 ICICI Prudential Mutual Fund 7521710.5
4 Birla Sun Life Mutual Fund 6421703.15
5 UTI Mutual Fund 6257986.12
6 SBI Mutual Fund 4773139.4
7 Franklin Templeton Mutual Fund 3441037.27
8 Kotak Mahindra Mutual Fund 3210078.5
9 DSP BlackRock Mutual Fund 3008371.45
10 IDFC Mutual Fund 2890821.24
11 Tata Mutual Fund 2263377.94
12 Sundaram Mutual Fund 1510957.25
13 Deutsche Mutual Fund 1276082.58
14 Religare Mutual Fund 1104213.93
15 Fidelity Mutual Fund 911951.33
16 Axis Mutual Fund 754478.45
17 LIC NOMURA Mutual Fund 707533.41
18 Canara Robeco Mutual Fund 692014.56
19 JM Financial Mutual Fund 646827.17
20 Peerless Mutual Fund 560838.04
21 Taurus Mutual Fund 536733.62
22 BNP Paribas Mutual Fund 524323.56
23 HSBC Mutual Fund 495213.26
24 IDBI Mutual Fund 492581.02
25 JPMorgan Mutual Fund 474769.91
26 PRINCIPAL Mutual Fund 453561.97
27 Goldman Sachs Mutual Fund 435758.53
28 L&T Mutual Fund 413549.35
29 Baroda Pioneer Mutual Fund 339858.69
30 Morgan Stanley Mutual Fund 197142.05
31 Pramerica Mutual Fund 150488.8
32 ING Mutual Fund 103605.28
33 Union KBC Mutual Fund 86937.37
34 Daiwa Mutual Fund 78908.3
35 AIG Global Investment Group Mutual Fund 72261.76
36 Sahara Mutual Fund 45583.04
37 Edelweiss Mutual Fund 44717.07
38 Mirae Asset Mutual Fund 44662.09
39 Motilal Oswal Mutual Fund 27767.72
40 Escorts Mutual Fund 20573.31
41 Bharti AXA Mutual Fund 17613.38
42 Quantum Mutual Fund 15669.3
October 13th, 2011
The scheme portfolio has increased the number of shares invested to 57 companies. It has added three new scripts to the portfolio: Dish TV India under Media & Entertainment category to an extent of 1.04%, Exide Industries in the Auto Ancillaries category to 0.97% and Tecpro Systems in the Industrial Capital Goods category to 0.50%.
The Average Assets Under Management (AAUM) for the quarter has increased from Rs. 143.48 crores in August 2011 to Rs. 152.65 crores. This is a marginal increase compared to other diversified funds from other mutual fund houses. The scheme’s expenses ratio stands at 2.41% YTD.
Top 10 holdings of the scheme are ICICI Bank, Infosys, Reliance Industries, ITC, Tata Consultancy Services, HDFC Bank, Larsen & Toubro, Housing Development Finance Corporation, Bharti Airtel and Oil & Natural Gas Corporation. The top investment position is now occupied by ICICI Bank at 5.87% putting down Infosys which stands at 5.64%.
NAV of Growth option is at Rs. 9.06. NAV of Dividend option is at Rs. 9.06 (no dividend announced in the scheme so far).
October 7th, 2011
Birla Sun Life Mutual Fund has announced that it will be mergerging Birla Sun Life Basic Industries Fund into Birla Sun Life Infrastructure Fund. Similarly, Birla Sun Life Freedom Fund will be merged into Birla Sun Life 95 Fund. The merger will be effective October 21, 2011.
Investors of Birla Sun Life Basic Industries Fund and Freedom Fund have the exit option from September 22, 2011 to October 21, 2011. They do not have to pay any exit load during this period.
Average Assets under management for the quarter April - June 2011 (Rs. in Lakhs)
Birla Sun Life Basic Industries Fund-Plan A(Dividend): 6585.09
Birla Sun Life Basic Industries Fund-Plan B(Growth): 3231.04
Birla Sun Life Infrastructure Fund-Dividend: 19964.41
Birla Sun Life Infrastructure Fund-Growth: 22684.15
Birla Sun Life Freedom Fund-Plan A (Dividend): 4915.93
Birla Sun Life Freedom Fund-Plan B (Growth): 2981.32
Birla Sun Life 95 Fund-Plan A (Dividend): 21741.86
Birla Sun Life 95 Fund-Plan B(Growth): 20313.51
September 20th, 2011
Union KBC Equity Fund had a marginal dip in the Average Assets Under Management (AAUM) during the month of August 2011 from Rs. 160.44 crores in July 2011 to Rs. 143.48 crores. Of course, the global turmoil could be one of the many reasons for this fall. The expenses ratio has moved from 2.40% YTD to 2.41% YTD.
Top 5 holdings include Infosys (5.63%), ICICI Bank (5.56%), Reliance Industries (5.37%), TCS (4.35%) and L&T (4.32%).
The scheme has added / increased three stocks in its portfolio: TVS Motor Company, Nestle India, eClerx Services Software and Motherson Sumi Systems.
NAV of the the Growth option as of August 30, 2011 is Rs. 9.12 compared to Rs. 9.95 on July 29, 2011.
September 13th, 2011
Peerless Mutual Fund has brought the first pre-dominant equity mutual fund scheme called the Peerless Equity Fund. This is the sixth scheme from the fund house.
Investment Objective
Peerless Equity Fund will be a multi-cap diversified equity fund and its portfolio will have an optimal blend of large, mid and small cap stocks. The primary investment objective is to generate long term capital appreciation by investing in an actively managed portfolio predominantly consisting of equity and equity related securities diversified over various sectors.
Asset Allocation Pattern
The scheme will invest between 80 to 100% in equity and equity related securities and up to 20% in debt and money market securities. Up to 50% of the net assets would be put in Derivatives for the purpose of hedging, portfolio balancing and such other purposes as may be required from time to time.
Investment Strategy
The investments would not have any industry, sector or market capitalization bias. The strategy would be to invest in stocks and sectors that seem attractive, exhibit strong growth or have the potential for strong growth in the medium to long term. The fund manager would follow a strategy which will be a combination of top-down and bottom-up approach.
Systematic Investment Plan
Monthly SIP
Minimum 12 Instalments (including first cheque) of Rs. 500 or in multiples of Rs. 100
Quarterly SIP
Minimum 4 Instalments (including first cheque) of Rs. 1000 or in multiples of Rs. 100
Half-yearly SIP
Minimum 2 Instalments (including first cheque) of Rs. 2000 or in multiples of Rs. 100
Default SIP Options
Monthly SIP with the default date of 7th of every month / quarter / half-year
SIP Dates
1, 7, 10, 15, 20, 25th of every month
Fund Manager
Mr. Kaushik Dani will be the fund manager for the scheme. He is a commerce graduate and an MBA in finance with more than 13 years of experience. Prior to this, he has worked with K. R. Choksey Shares & Securities Pvt. Ltd., Birla SunLife, Sharekhan, SG Asia Securities (India) Pvt. Ltd. and Motilal Oswal Securities Ltd.
Mr. Kaushik Dani also manages the equity investments for Peerless Income Plus and Peerless MF Child.
Fund House
Peerless Mutual Fund is a recent entrant in the industry. It launched its first fund in February 2010. The fund house has an Average Assets Under Management (AAUM) of Rs. 5890 crores as of July 2011.
Basic Details
NFO Opens: September 7, 2011
NFO Closes: September 21, 2011
NFO Price: Rs.10
Options: Growth and Dividend (pay out and re-investment)
Minimum Application Amount: Rs.1000
Exit Load: 1% if redeemed/switched-out on or before 1 year and NIL on or after 1 year
Benchmark: S&P CNX Nifty
Fund Managers: Mr. Kaushik Dani and Mr. Ganti N. Murthy
September 10th, 2011
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