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Mutual Fund Screener For the quarter ended June 2019
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Mutual Fund Screener...Mutual Fund Franklin Templeton Mutual Fund Axis Mutual Fund IDFC Mutual Fund Industry Size Section I Industry QAAUM grows 9% YoY to Rs. 25.5 lakh crore in Q1FY20

Apr 06, 2020

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Page 1: Mutual Fund Screener...Mutual Fund Franklin Templeton Mutual Fund Axis Mutual Fund IDFC Mutual Fund Industry Size Section I Industry QAAUM grows 9% YoY to Rs. 25.5 lakh crore in Q1FY20

Mutual Fund ScreenerFor the quarter ended June 2019

Page 2: Mutual Fund Screener...Mutual Fund Franklin Templeton Mutual Fund Axis Mutual Fund IDFC Mutual Fund Industry Size Section I Industry QAAUM grows 9% YoY to Rs. 25.5 lakh crore in Q1FY20

Mutual Fund Screener- What’s Inside

01Industry Size

02Inflow Outflow Analysis

03Category Performance

04Investor Trends

05Industry Insights

06RegulatoryUpdate

Mutual Fund Screener - June 2019

Page 3: Mutual Fund Screener...Mutual Fund Franklin Templeton Mutual Fund Axis Mutual Fund IDFC Mutual Fund Industry Size Section I Industry QAAUM grows 9% YoY to Rs. 25.5 lakh crore in Q1FY20

Source: AMFI, ICRA Online Research; Note: AUM – Assets Under Management

QoQ

Gro

wth

(In

%)

QA

AU

M (I

n R

s. C

rore

)

QA

AU

M (I

n R

s. C

rore

)

Jun-19 Mar-19 % Change QoQ

HDFCMutualFund

ICICIPrudential

Mutual Fund

SBIMutualFund

Aditya BirlaSun Life

Mutual Fund

RelianceMutualFund

UTIMutualFund

KotakMahindra

Mutual Fund

FranklinTempleton

Mutual Fund

AxisMutualFund

IDFCMutualFund

Industry SizeSection I

Industry QAAUM grows 9% YoY to Rs. 25.5 lakh crore in Q1FY20

In Q1FY20, the QAAUM of the MF industry increased by Rs. 1.02 lakh crore to reach Rs. 25.5 lakh crore

SIP contribution in the quarter stood at Rs. 24,543 crore compared with Rs. 24,214 crore in Q4FY19

Mutual Fund Industry (QAAUM)

Source: AMFI, ICRA Online Research; Note: QAAUM – Quarterly Average Assets Under Management

QoQ 4%

YoY 9%

AUM growth trend of AMCs for the quarter ended Jun-19

Top 5

-1% to 15%

Next 10

-1% to 21%

Rest

-29% to 17%

AMCs

Range

Source: AMFI, ICRA Online Research; Note: QoQ growth of QAAUM as of Jun-19

2,340,377 2,448,121 2,550,592

AUM of top three AMCs stays north of Rs. 3 lakh crore

3

Mutual Fund Screener - June 2019

0

1,000,000

2,000,000

3,000,000

Q1FY19 Q4FY19 Q1FY20

-5%

0%

5%

10%

15%

20%

0

100,000

200,000

300,000

400,000

In absolute terms, SBI Mutual Fund witnessed highest QAAUM growth followed by ICICI Prudential Mutual Fund in Q1FY20

Only Reliance AMC and UTI AMC witnessed QoQ de-growth in Q1FY20 compared with Q4FY19

Page 4: Mutual Fund Screener...Mutual Fund Franklin Templeton Mutual Fund Axis Mutual Fund IDFC Mutual Fund Industry Size Section I Industry QAAUM grows 9% YoY to Rs. 25.5 lakh crore in Q1FY20

4

Industry registers net inflow of Rs. 17,635 crore in Q1FY20

Monthly inflows in Equity funds rise

Net in�ow from Equity came in at Rs. 16,565 crore in Q1FY20 as against Rs. 23,036 crore in Q4FY19

Robust SIP contribution has led to the upside as it remained above Rs. 8,000 crore for seven consecutive months till Jun-19

Inflow Outflow AnalysisSection II

Equity Net In�ow Out�ow

Industry-wide Net In�ow Out�ow Net In�ow Out�ow - Open Ended Schemes*

Net In�ow Out�ow - Close Ended Schemes* Net In�ow Out�ow - Interval Schemes*

Mutual Fund Screener - June 2019

Source: AMFI, ICRA Online Research; Note: Equity includes ELSS funds

DBT - Income/Debt Oriented Schemes, EQ - Growth/Equity Oriented Schemes, HY - Hybrid Schemes, SO - Solution Oriented Schemes, OT - Other SchemesSource: AMFI, ICRA Online Research, *As on Jun 30, 2019

-5,000

0

5,000

10,000

15,000

20,000

25,000

Jun-14 Dec-14 Jun-15 Dec-15 Jun-16 Dec-16 Jun-17 Dec-17 Jun-18 Dec-18 Jun-19

In R

s. C

rore

1,33,903

22,99917,635

15,000

45,000

75,000

1,05,000

1,35,000

Q1FY19 Q4FY19 Q1FY20

In R

s. C

rore

-1,7

1,3

49

7,6

63

86

3

13

7

5,5

84

-1,80,000

-1,40,000

-1,00,000

-60,000

-20,000

20,000

DB

T

EQ HY

SO OT

In R

s. C

rore

-2,3

99

-78

-5,000

-2,500

0

DB

T

EQ

In R

s. C

rore

-17

-21

8

-300

-200

-100

0

DB

T

EQ

In R

s. C

rore

Page 5: Mutual Fund Screener...Mutual Fund Franklin Templeton Mutual Fund Axis Mutual Fund IDFC Mutual Fund Industry Size Section I Industry QAAUM grows 9% YoY to Rs. 25.5 lakh crore in Q1FY20

AUM over Past 1 Year 3, 5

5

Large Cap

Category Performance#Section III Mutual Fund Screener - June 2019

4,4

36 4,6

20

4,3

36

4,3

01 4,4

85

4,5

83

4,5

49

4,5

47 4,7

60

4,7

91

4,8

88

4,9

10

4,000

4,200

4,400

4,600

4,800

5,000

Jul-1

8

Aug

-18

Sep

-18

Oct

-18

No

v-1

8

Dec

-18

Jan-

19

Feb

-19

Mar

-19

Apr

-19

May

-19

Jun-

19

In R

s. C

rore

Source: AMFI and ICRA Online ResearchNote 1. Data as on Jun 30, 2019; 2. Nifty 50 TRI has been considered as the benchmark for the schemes under review; 3. Period considered - Jul-18 to Jun-19; 4. Market cap has been calculated by taking average of period under review (Jul-18 to Jun-19); 5. Only open-ended, growth and regular plans considered

AUM over Past 1 Year 3, 5

Mid Cap

Source: AMFI and ICRA Online ResearchNote 1. Data as on Jun 30, 2019; 2. Nifty Midcap 100 TRI has been considered as the benchmark for the schemes under review; 3. Period considered - Jul-18 to Jun-19; 4. Market cap has been calculated by taking average of period under review (Jul-18 to Jun-19); 5. Only open-ended, growth and regular plans considered

3,0

67

3,1

78

2,8

42

2,8

54

2,9

67

3,0

76

2,9

80

3,0

04 3

,32

3

3,2

62

3,3

83

3,3

74

2,500

3,000

3,500

Jul-1

8

Aug

-18

Sep

-18

Oct

-18

No

v-1

8

Dec

-18

Jan-

19

Feb

-19

Mar

-19

Apr

-19

May

-19

Jun-

19

In R

s. C

rore

Snapshot

AUM1 Rs. 1.42 lakh crore

AAUM1 Rs. 1.41 lakh crore

No. of Funds1 30

No. of Folios1 88.66 lakh

Monthly Net Inflow Outflow1 Rs. 1,510 crore

AUM1 Rs. 0.78 lakh crore

AAUM1 Rs. 0.77 lakh crore

No. of Funds1 24

No. of Folios1 61.80 lakh

Monthly Net Inflow Outflow1 Rs. 845 crore

Snapshot

Large Cap

Mid Cap

Small Cap

Market Cap % Allocation 3, 4, 5

91.52%

7.10%

1.38%

Performance across Periods 1, 2, 5

Mid Cap category Nifty Midcap 100 TRI

-0.5

5

8.8

6

11

.55

16

.44

-2.0

5

9.6

9

10

.95

13

.92

-10.00-5.000.005.00

10.0015.0020.00

1 Year 3 Years 5 Years 10 Years

In %

Market Cap % Allocation 3, 4, 5

Large Cap

Mid Cap

Small Cap

13.77%

67.34%18.88%

Performance across Periods 1, 2, 5

Large Cap category Nifty 50 TRI

8.3

2 11

.25

10

.2 12

.26

11

.42

13

.93

10

.53

11

.99

0.003.306.609.90

13.2016.50

1 Year 3 Years 5 Years 10 Years

In %

Equity

#Only the top 5 categories under equity and debt considered on the basis of AUM and number of schemes

Page 6: Mutual Fund Screener...Mutual Fund Franklin Templeton Mutual Fund Axis Mutual Fund IDFC Mutual Fund Industry Size Section I Industry QAAUM grows 9% YoY to Rs. 25.5 lakh crore in Q1FY20

6

Mutual Fund Screener - June 2019Category Performance

Small Cap

Source: AMFI and ICRA Online ResearchNote 1. Data as on Jun 30, 2019; 2. Nifty Smallcap 100 TRI has been considered as the benchmark for the schemes under review; 3. Period considered - Jul-18 to Jun-19; 4. Market cap has been calculated by taking average of period under review (Jul-18 to Jun-19); 5. Only open-ended, growth and regular plans considered

AUM over Past 1 Year 3, 5

Multi Cap

Source: AMFI and ICRA Online ResearchNote 1. Data as on Jun 30, 2019; 2. Nifty 500 TRI has been considered as the benchmark for the schemes under review; 3. Period considered - Jul-18 to Jun-19; 4. Market cap has been calculated by taking average of period under review (Jul-18 to Jun-19); 5. Only open-ended, growth and regular plans considered

AUM over Past 1 Year 3, 5

2,4

26

2,5

56

2,3

13

2,2

34

2,2

04

2,1

61

2,0

16

1,9

33

2,2

05

2,1

91

2,2

10

2,1

82

0

1,000

2,000

3,000

Jul-1

8

Aug

-18

Sep

-18

Oct

-18

No

v-1

8

Dec

-18

Jan-

19

Feb

-19

Mar

-19

Apr

-19

May

-19

Jun-

19

In R

s. C

rore

4,2

27

4,3

99

3,9

34

3,7

69

3,9

53

4,0

14

3,9

73

3,9

59

4,3

43

4,3

73

4,3

74

4,3

96

01,0002,0003,0004,0005,000

Jul-1

8

Aug

-18

Sep

-18

Oct

-18

No

v-1

8

Dec

-18

Jan-

19

Feb

-19

Mar

-19

Apr

-19

May

-19

Jun-

19

In R

s. C

rore

Performance across Periods 1, 2, 5

Small Cap category Nifty Smallcap 100 TRI

-4.6

3

7.9

9 12

.08

14

.92

-12

.75

3.0

8

3.8

6 10

.12

-15.00

-5.00

5.00

15.00

1 Year 3 Years 5 Years 10 Years

In %

Large Cap

Mid Cap

Small Cap

Market Cap % Allocation 3, 4, 5

4.93%

16.99%

78.07%

Performance across Periods 1, 2, 5

Multi Cap category Nifty 500 TRI

5.7

4

11

.07

11

.05 1

3.6

4

6.6

5

12

.8

10

.64 1

2.0

6

5.00

10.00

15.00

1 Year 3 Years 5 Years 10 Years

In %

Large Cap

Mid Cap

Small Cap

Market Cap % Allocation 3, 4, 5

70.84%

17.24%

11.92%

AUM1 Rs. 0.46 lakh crore

AAUM1 Rs. 0.46 lakh crore

No. of Funds1 21

No. of Folios1 50.28 lakh

Monthly Net Inflow Outflow1 Rs. 0.01 lakh crore

SnapshotSnapshot

AUM1 Rs. 1.45 lakh crore

AAUM1 Rs. 1.44 lakh crore

No. of Funds1 34

No. of Folios1 84.49 lakh

Monthly Net Inflow Outflow1 Rs. 0.02 lakh crore

Snapshot

Page 7: Mutual Fund Screener...Mutual Fund Franklin Templeton Mutual Fund Axis Mutual Fund IDFC Mutual Fund Industry Size Section I Industry QAAUM grows 9% YoY to Rs. 25.5 lakh crore in Q1FY20

7

Mutual Fund Screener - June 2019Category Performance

AUM over Past 1 Year 3, 5

ELSS

Source: AMFI and ICRA Online ResearchNote 1. Data as on Jun 30, 2019; 2. S&P BSE 200 TRI has been considered as the benchmark for the schemes under review; 3. Period considered - Jul-18 to Jun-19;4. Market cap has been calculated by taking average of period under review (Jul-18 to Jun-19); 5. Only open-ended, growth and regular plans considered

AUM over Past 1 Year 3,4

Liquid

Source: AMFI and ICRA Online ResearchNote 1. Data as on Jun 30, 2019; 2. ICRA Liquid Index has been considered as the benchmark for the schemes under review; 3. Period considered - Jul-18 to Jun-19;4. Only open-ended, growth and regular plans considered

2,0

75

2,1

61

1,9

92

1,9

54 2,0

47

2,0

85

2,0

52

2,0

14

2,2

22

2,2

37

2,2

99

2,2

85

1,900

2,050

2,200

2,350

Jul-1

8

Aug

-18

Sep

-18

Oct

-18

No

v-1

8

Dec

-18

Jan-

19

Feb

-19

Mar

-19

Apr

-19

May

-19

Jun-

19

In R

s. C

rore

Performance across Periods 1,2

Liquid category ICRA Liquid Index

6.3

3

6.4

7 6.8

5 7.0

6

6.9

7

6.4

1

6.5

2

7.0

6 7.3

9

7.3

8

6.00

6.50

7.00

7.50

1 Week 1 Month 3 Months 6 Months 1 Year

In %

13

,40

0

15

,79

8

12

,44

7

13

,92

0

15

,07

0

12

,32

2

14

,58

5

14

,25

1

10

,14

9

12

,25

5

14

,07

5

11

,77

8

0

6,000

12,000

18,000

Jul-1

8

Aug

-18

Sep

-18

Oct

-18

No

v-1

8

Dec

-18

Jan-

19

Feb

-19

Mar

-19

Apr

-19

May

-19

Jun-

19

In R

s. C

rore

CP - 52.07%

CD - 24.26%

Cash & Equivalents - 9.79%

T Bill - 9.27%

Others - 2.12%

Bonds and Debentures - 1.85%

SDL -0.48%

Gilt - 0.15%

Instrument Allocation 3,4

Performance across Periods 1, 2, 5

ELSS category S&P BSE 200 TRI

5.0

2

11

.23

11

.19 13

.29

8.2

6

13

.34

10

.99 12

.36

5.00

10.00

15.00

1 Year 3 Years 5 Years 10 Years

In %

Large Cap

Mid Cap

Small Cap

Market Cap % Allocation 3, 4, 5

67.55%19.76%

12.69%

AUM1 Rs. 0.94 lakh crore

AAUM1 Rs. 0.94 lakh crore

No. of Funds1 43

No. of Folios1 115.97 lakh

Monthly Net Inflow Outflow1 Rs. 0.005 lakh crore

Snapshot

AUM1 Rs. 3.97 lakh crore

AAUM1 Rs. 5.40 lakh crore

No. of Funds1 40

No. of Folios1 15.74 lakh

Monthly Net Inflow Outflow1 Rs. -1.52 lakh crore

Snapshot

Debt

Page 8: Mutual Fund Screener...Mutual Fund Franklin Templeton Mutual Fund Axis Mutual Fund IDFC Mutual Fund Industry Size Section I Industry QAAUM grows 9% YoY to Rs. 25.5 lakh crore in Q1FY20

8

Mutual Fund Screener - June 2019Category Performance

AUM over Past 1 Year 3,4

Ultra Short Duration

Source: AMFI and ICRA Online ResearchNote 1. Data as on Jun 30, 2019; 2. NIFTY Ultra Short Duration Debt Index has been considered as the benchmark for the schemes under review; 3. Period considered - Jul-18 to Jun-19; 4. Only open-ended, growth and regular plans considered

AUM over Past 1 year 3,4

Low Duration

Source: AMFI and ICRA Online ResearchNote 1. Data as on Jun 30, 2019; 2. ICRA Liquid Index has been considered as the benchmark for the schemes under review; 3. Period considered - Jul-18 to Jun-19;4. Only open-ended, growth and regular plans considered

Performance across Periods 1,2

Ultra Short Duration category NIFTY Ultra Short Duration Debt Index

14

.30

-0.2

5 4.5

0 6.3

6

5.8

5

5.0

9 7.0

4

8.0

6

8.1

7

8.3

4

-1.00

3.00

7.00

11.00

15.00

1 Week 1 Month 3 Months 6 Months 1 Year

In %

3,2

35

3,4

90

2,9

25

2,8

13

2,7

75

2,8

28

2,9

00

3,0

15

3,1

97

3,6

82

3,7

21

3,3

91

0

1,000

2,000

3,000

4,000

Jul-1

8

Aug

-18

Sep

-18

Oct

-18

No

v-1

8

Dec

-18

Jan-

19

Feb

-19

Mar

-19

Apr

-19

May

-19

Jun-

19

In R

s. C

rore

Instrument Allocation 3,4

Bond/Debenture - 42.41%

CD - 21.58%

CP - 17.63%

Cash & Equivalents - 13.44%

T Bill - 3.14%

Others - 1.80%

SDL - 0.01%3

,23

5

3,4

90

2,9

25

2,8

13

2,7

75

2,8

28

2,9

00

3,0

15

3,1

97

3,6

82

3,7

21

3,3

91

0

1,250

2,500

3,750

5,000

Jul-1

8

Aug

-18

Sep

-18

Oct

-18

No

v-1

8

Dec

-18

Jan-

19

Feb

-19

Mar

-19

Apr

-19

May

-19

Jun-

19

In R

s. C

rore

Instrument Allocation 3,4

Bond/Debenture - 52.92%

CD - 22.29%

CP - 11.45%

Cash & Equivalents - 11.03%

Others - 1.97%

SDL - 0.24%

Gilt - 0.09%

T Bill - 0.01%

Performance across Periods 1,2

Low Duration category ICRA Liquid Index

6.0

1

-51

.58

-11

.78

-1.6

9

2.9

9

6.4

1

6.5

2

7.0

6

7.3

9

7.3

8

-60.00-50.00-40.00-30.00-20.00-10.00

0.0010.00

1 Week 1 Month 3 Months 6 Months 1 Year

In %

AUM1 Rs. 0.88 lakh crore

AAUM1 Rs. 0.90 lakh crore

No. of Funds1 26

No. of Folios1 6.16 lakh

Monthly Net Inflow Outflow1 Rs. -0.02 lakh crore

Snapshot

AUM1 Rs. 0.84 lakh crore

AAUM1 Rs. 0.87 lakh crore

No. of Funds1 26

No. of Folios1 9.20 lakh

Monthly Net Inflow Outflow1 Rs. -0.05 lakh crore

Snapshot

Page 9: Mutual Fund Screener...Mutual Fund Franklin Templeton Mutual Fund Axis Mutual Fund IDFC Mutual Fund Industry Size Section I Industry QAAUM grows 9% YoY to Rs. 25.5 lakh crore in Q1FY20

9

Mutual Fund Screener - June 2019Category Performance

Short Duration

AUM over Past 1 Year 3,4

Credit Risk

Source: AMFI and ICRA Online ResearchNote 1. Data as on Jun 30, 2019; 2. Nifty Short Duration Debt Index has been considered as the benchmark for the schemes under review; 3. Period considered - Jul-18 to Jun-19; 4. Only open-ended, growth and regular plans considered

AUM over Past 1 Year 3,4

Source: AMFI and ICRA Online ResearchNote 1. Data as on Jun 30, 2019; 2. Nifty Short Duration Debt Index has been considered as the benchmark for the schemes under review; 3. Period considered - Jul-18 to Jun-19; 4. Only open-ended, growth and regular plans considered

Performance across Periods 1,2

Short Duration category Nifty Short Duration Debt Index

-12

.81

-31

.72

-4.8

0

2.0

2

4.7

4

-4.5

2

5.2

0

7.4

0

8.8

7

8.8

4

-35.00-25.00-15.00-5.005.00

15.00

1 Week 1 Month 3 Months 6 Months 1 Year

In %

3,5

09

3,3

98

3,2

04

3,0

13

3,0

09

3,0

47

3,0

32

2,7

49

2,7

30

2,8

07

2,8

13

2,8

88

0

1,000

2,000

3,000

4,000

Jul-1

8

Aug

-18

Sep

-18

Oct

-18

No

v-1

8

Dec

-18

Jan-

19

Feb

-19

Mar

-19

Apr

-19

May

-19

Jun-

19

In R

s. C

rore

Instrument Allocation 3,4

Bond/Debenture - 76.16%

Cash & Equivalents - 11.41%

CD - 3.17%

CP - 1.55%

Gilt - 4.07%

Others - 2.22%

SDL - 1.32%

T Bill - 0.10%

Performance across Periods 1,2

Credit Risk category Nifty Short Duration Debt Index

-4.0

6

0.5

5 4.7

5 7.4

0

8.8

7

8.8

4

7.4

5

8.0

9

-5.00

0.00

5.00

10.00

6 Months 1 Year 3 Years 5 Years

In %

Instrument Allocation 3,4

Bond/Debentures - 81.81%

Cash & Equivalents - 8.08%

CP - 4.05%

Others - 3.96%

CD - 1.40%

Gilt - 0.57%

SDL - 0.08%

REITs & InvITs - 0.05%

4,7

24

4,5

52

4,4

38

4,2

85

4,2

69

4,2

62

4,2

37

4,0

98

4,0

66

4,0

03

3,8

17

3,6

56

0

2,000

4,000

6,000

Jul-1

8

Aug

-18

Sep

-18

Oct

-18

No

v-1

8

Dec

-18

Jan-

19

Feb

-19

Mar

-19

Apr

-19

May

-19

Jun-

19

In R

s. C

rore

AUM1 Rs. 0.81 lakh crore

AAUM1 Rs. 0.81 lakh crore

No. of Funds1 28

No. of Folios1 2.71 lakh

Monthly Net Inflow Outflow1 Rs. -0.01 lakh crore

Snapshot

AUM1 Rs. 0.73 lakh crore

AAUM1 Rs. 0.75 lakh crore

No. of Funds1 20

No. of Folios1 5.54 lakh

Monthly Net Inflow Outflow1 Rs. -0.03 lakh crore

Snapshot

Page 10: Mutual Fund Screener...Mutual Fund Franklin Templeton Mutual Fund Axis Mutual Fund IDFC Mutual Fund Industry Size Section I Industry QAAUM grows 9% YoY to Rs. 25.5 lakh crore in Q1FY20

10

Individual and Institutional investors accounted for ~54% and 46%, respectively, of total AAUM in Jun-19

Individual and Institutional investors as a % of AAUM

Investment Pro�le of Institutional InvestorInvestment Pro�le of Individual Investor

Liquid/Money Market

ETF Fund of funds investing overseas

Debt Equity

Source: AMFI, ICRA Online Research; as of Jun 30, 2019 Source: AMFI, ICRA Online Research; as of Jun 30, 2019

Liquid/ Money Market Debt Equity

ETF Fund of funds investing overseas

24.26% 44.12%

0.03%

11.92%

10.80%

33.13%

6.36%

0.11%

0.48%

68.79%

No. of folios has been rising consistently over the past one year

13.2 lakh new folios added in Q1FY20. Notably, number of folios has been rising over the past one year

Under Growth/Equity oriented schemes, ELSS funds (14.44% of total) had the highest number of folios followed by Large Cap funds (10.58% of total) and Multi Cap fund (10.09% of total) in Jun-19

Folios of Top 5 sub-categories in Equity Category Folio Growth in Last 12 Months

Source: AMFI, ICRA Online Research, As on Jun 30, 2019 Source: SEBI, ICRA Online Research

61.8

63.8

84.5

88.7

121.0

0 20 40 60 80 100 120 140

Mid Cap Fund

Sectoral/Thematic Funds

Multi Cap Fund

Large Cap Fund

Equity linked saving scheme(ELSS)

In Lakhs

75

4.9

76

5.7

77

8.9

79

0.3

79

7.4

80

3.1

80

9.7

81

7.9

82

4.6

82

7.4

83

2.4

83

7.7

0

5

10

15

700

750

800

850

Jul-1

8

Aug

-18

Sep

-18

Oct

-18

No

v-1

8

Dec

-18

Jan-

19

Feb

-19

Mar

-19

Apr

-19

May

-19

Jun-

19

1-M

ont

h C

hang

e (I

n La

khs)

Fo

lio C

oun

t (I

n La

khs)

Folio 1-Month Change

Investor TrendsSection IV Mutual Fund Screener - June 2019

Page 11: Mutual Fund Screener...Mutual Fund Franklin Templeton Mutual Fund Axis Mutual Fund IDFC Mutual Fund Industry Size Section I Industry QAAUM grows 9% YoY to Rs. 25.5 lakh crore in Q1FY20

Retail Non-Retail

Institutional investors churn their portfolios more frequently than individual investors

Individual investors hold 49% of their equity investments for ≥ 12 months, whereas, institutional investors hold only 12%

As far as non-equity investments are concerned, individual investors prefer to spread them almost evenly across different holding periods. In contrast, institutional investors hold majority of their investments in the 0-1 month period

Source: AMFI, ICRA Online Research. Data as of Mar-19

3% 4%6%

17%

21%

28%

3% 2% 1%3%

8%

4%

0%

10%

20%

30%

0-1 Month 1-3 Months 3-6 Months 6-12 Months 12-24 Months >24 Months

Equity

AUM - Rs.12.1 Lakh CroreRetail - 79%Non-Retail - 21%

In %

Source: AMFI, ICRA Online Research. Data as of Mar-19

Non-Equity

3%4% 3%

7%7%

13%

22%

7%

6%

8%9%

12%

0%

10%

20%

30%

0-1 Month 1-3 Months 3-6 Months 6-12 Months 12-24 Months >24 Months

AUM - Rs.11.7 Lakh CroreRetail - 36%Non-Retail - 64%

Retail Non-Retail

In %

Mutual Fund Screener - June 2019

11

Investor Trends

Page 12: Mutual Fund Screener...Mutual Fund Franklin Templeton Mutual Fund Axis Mutual Fund IDFC Mutual Fund Industry Size Section I Industry QAAUM grows 9% YoY to Rs. 25.5 lakh crore in Q1FY20

SIP Contribution over Past 3 Years

12

AUM has grown 0.77% on an average in Q1FY20 vis-a-vis 1.36% in the previous quarter

SIP contribution has surged nearly 8%, 71% and 145% in 1-, 2- and 3-year periods, respectively, as of Jun-19

On an average, the MF industry has added 9.32 lakh SIP accounts each month during FY20

Category-wise AAUM break-up State-wise AAUM break-up

Industry InsightsSection V

Top 10 State-wise Contribution in Q1FY20Category-wise AAUM Break-up in Q1FY20

Equity Debt Liquid / MoneyMarket

ETF

Maharashtra (42%) New Delhi (9%) Karnataka (7%)

Gujarat (7%) West Bengal (5%) Haryana (5%)

Tamil Nadu (5%) Uttar Pradesh (4%) Telangana (2%)

Rajasthan (2%) Others (13%)

Source: AMFI, ICRA Online Research

Note: 1. AAUM excludes Fund of Funds Scheme(Domestic); 2. Equity includes ELSS and Balanced schemes; 3. Debt includes Gilt, FMP, Debt (assured return), Infrastructure Debt Funds and Other Debt Schemes; 4. Data is an average of contribution for Apr-19, May-19 and Jun-19

Source: AMFI, ICRA Online Research

Note 1. Data is an average of contribution for Apr-19, May-19 and Jun-19

In last three years AUM, folios and SIP have surged 60%, 70% and 145%

Mutual Fund Screener - June 2019

42%

29%

23%

5%

AUM and Folio Count

AUM Folio Count

3,000

3,750

4,500

5,250

6,000

6,750

7,500

8,250

Jun-

16

Sep

-16

Dec

-16

Mar

-17

Jun-

17

Sep

-17

Dec

-17

Mar

-18

Jun-

18

Sep

-18

Dec

-18

Mar

-19

Jun-

19

In R

s. C

rore

400

500

600

700

800

900

1,000

0

10

20

30

Jul-16 Apr-17 Jan-18 Oct-18 Jun-19

In R

s. L

akh

Cro

re

In L

akhs

Source: AMFI, ICRA Online Research Source: AMFI, ICRA Online Research

Page 13: Mutual Fund Screener...Mutual Fund Franklin Templeton Mutual Fund Axis Mutual Fund IDFC Mutual Fund Industry Size Section I Industry QAAUM grows 9% YoY to Rs. 25.5 lakh crore in Q1FY20

Growth in Assets in T30 B30 Locations Equity Non-equity Asset mix in T30 B30 Locations

AUM Garnered by different Channels

T30 B30 T30 B30

Mar-19Jun-19

Associate Distributor

Direct Plan

Non-Associate Distributor

6%

45%

49%

19%

19%

62%

6%

45%

49%

19%

18%

62%

Source: AMFI, ICRA Online Research; T30-Top 30 cities and B30-Beyond top 30 cities

Source: SEBI, ICRA Online Research

Source: AMFI, ICRA Online Research;

0

500,000

1,000,000

1,500,000

2,000,000

2,500,000

Jun-19 Mar-19

AA

UM

(In

Rs.

Cro

re)

In %

T30 B30

2,181,405

399,992

2,078,454

379,562

45%

65%

44%

66%

55%

35%

56%

34%

0%

25%

50%

75%

100%

T30 B30 T30 B30Jun-19 Mar-19

Equity Non-equity

AAUM contribution of B30 cities grew 5.38% QoQ, while T30 locations saw 4.95% growth.

B30 locations formed 15.50% of the total industry AAUM at the end of Jun-19 compared with 15.40% in the previous quarter

Contribution from India’s smaller towns continues to grow

13

Mutual Fund Screener - June 2019Industry Insights

In the new �scal year, foreign portfolio investors are hopeful that the government’s reform agenda will boost market sentiment

FPIs remained optimistic following the outcome of general elections79

,723

110,

540

-14,

171

52,9

77

26,0

21

993 6,79

6

-20,

925

40,2

81

65,0

41

54,9

12

140,

042

84,2

26

31,7

09

-50,000

0

50,000

100,000

150,000

FY14 FY15 FY16 FY17 FY18 FY19 FY20TD

In R

s. C

rore

FPI/FII

MF

Page 14: Mutual Fund Screener...Mutual Fund Franklin Templeton Mutual Fund Axis Mutual Fund IDFC Mutual Fund Industry Size Section I Industry QAAUM grows 9% YoY to Rs. 25.5 lakh crore in Q1FY20

Recent AMFI stock categorization exercise yielded interesting insights

Change in market capitalization of stocks#

From Small Cap to Mid Cap

15

From Large Cap to Mid Cap

06

From Mid Cap to Large Cap

06

From Mid Cap to Small Cap

17

New companies added in the list

Mid Cap04

Small Cap134

Source: AMFI, ICRA Online Research

#List for H1CY19 compared with H2CY18

FY14

FY15

FY16

FY17

FY18

FY19

396

519

540

732

1,017

1,037

--

31%

4%

36%

39%

2%

2,603

4,745

3,658

4,678

8,550

7,938

--

82%

-23%

28%

83%

-7%

--

27%

18%

5%

44%

9%

905,456

1,189,912

1,354,500

1,830,613

2,305,217

2,448,438

--

31%

14%

35%

26%

6%

406,194

515,906

606,883

640,090

923,509

1,004,827

No. ofdistributors*

YoY ChangeFinancial Year YoY Change YoY Change YoY Change

45%

43%

45%

35%

40%

41%

GrossCommission

Paid(Rs. Crore)

Analysis of India’s top mutual fund distributors

Gross commission paid to India’s top mutual fund distributors increased from Rs. 2,603 crore in FY14 to Rs. 7,938 crore in FY19

During the same period, the quarterly average assets under management (QAAUM) of the industry witnessed a CAGR of 22% from Rs. 9.05 lakh crore to Rs. 24.48 lakh crore.

Per AMFI data number of ditributors have increased from 396 in FY14 to 1,037 in FY19

Mutual Fund Screener - June 2019Industry Insights

Average AUA (Rs. Crore)

Average AUA as a % of Industry Assets

Corresponding Industry QAAUM

(Rs. Crore)

Source: AMFI, ICRA Online Research

*Note: Top mutual fund distributors meet one or more of the following conditions with respect to non-institutional (retail and HNIs) investors as speci�ed by SEBI:

a. Multiple point of presence (More than 20 locations)

b. AUM raised over Rs 100 crore across industry in the non-institutional category but including HNIs

c. Commission received of over Rs 1 crore per annum across industry

d. Commission received of over Rs 50 lakh from a single fund house

14

Page 15: Mutual Fund Screener...Mutual Fund Franklin Templeton Mutual Fund Axis Mutual Fund IDFC Mutual Fund Industry Size Section I Industry QAAUM grows 9% YoY to Rs. 25.5 lakh crore in Q1FY20

Mutual Fund Screener - June 2019Industry Insights

Movement of companies across market capitalization

From Small Cap to Mid CapChange in MarketCap (In Rs. Cr.)*

Companies moving up in market cap

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

Allahabad Bank

Corporation Bank

Oriental Bank Of Commerce

UCO Bank

Aavas Financiers Ltd.

Fortis Healthcare Ltd.

Indian Overseas Bank

Manappuram Finance Ltd.

Kajaria Ceramics Ltd.

Vinati Organics Ltd.

TTK Prestige Ltd.

Symphony Ltd.

Prestige Estates Projects Ltd.

V-Guard Industries Ltd.

Mahanagar Gas Ltd.

5,425

5,318

4,970

4,938

3,176

2,607

2,520

2,275

2,261

2,250

1,830

1,310

736

651

613

1

2

3

4

5

6

L&T Finance Holdings Ltd.

Ashok Leyland Ltd.

Page Industries Ltd.

MRF Ltd.

Steel Authority Of India Ltd.

Indiabulls Ventures Ltd.

-12,214

-8,533

-7,537

-7,114

-4,881

-3,243

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

Schaef�er India Ltd.

Mahindra CIE Automotive Ltd.

HEG Ltd.

Minda Industries Ltd.

Thomas Cook (India) Ltd.

KIOCL Ltd.

Housing & Urban Development Corporation

Bombay Burmah Trading Corp. Ltd.

Eris Lifesciences Ltd.

Escorts Ltd.

Future Consumer Ltd.

Varroc Engineering Ltd.

ICICI Securities Ltd.

Dish TV India Ltd.

Dewan Housing Finance Corporation

Reliance Infrastructure Ltd.

Reliance Power Ltd.

-8,619

-7,408

-5,723

-5,061

-3,976

-3,921

-2,137

-2,108

-1,730

-1,376

-1,066

-1,037

-979

-756

-542

-338

-66

From Large Cap to Mid CapChange in MarketCap (In Rs. Cr.)*

Companies moving down in market cap

Change in MarketCap (In Rs. Cr.)*

From Mid Cap to Large Cap

Change in MarketCap (In Rs. Cr.)*

From Mid Cap to Small Cap

1

2

3

4

5

6

Punjab National Bank

Power Finance Corporation Ltd.

IDBI Bank Ltd.

Torrent Pharmaceuticals Ltd.

ABB India Ltd.

ACC Ltd.

11,535

7,534

6,539

1,621

1,606

1,046

15

Source: AMFI, ICRA Online Research*List for H1CY19 compared with H2CY18

Page 16: Mutual Fund Screener...Mutual Fund Franklin Templeton Mutual Fund Axis Mutual Fund IDFC Mutual Fund Industry Size Section I Industry QAAUM grows 9% YoY to Rs. 25.5 lakh crore in Q1FY20

Mutual Fund Screener - June 2019Industry Insights

Company Name Avg. Market Cap (in Rs. Cr.)

New companies added in H1CY19

Category

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

20

21

22

23

24

25

Cholamandalam Investment and Finance Company

Dalmia Bharat Ltd.

Gujarat Gas Ltd.

Polycab India Ltd.

Chalet Hotels Ltd.

Rail Vikas Nigam Ltd.

Arvind Fashions Ltd.

Metropolis Healthcare Ltd.

ISGEC Heavy Engineering Ltd.

KPIT Technologies Ltd

Music Broadcast Ltd.

CESC Ventures Ltd.

Spencer'S Retail Ltd.

Neogen Chemicals Ltd.

MSTC Ltd.

BMW Industries Ltd.

Sadhana Nitrochem Ltd.

Gloster Ltd

The Anup Engineering Ltd

The Indian Wood Products Co. Ltd.

Airan Ltd.

Maheshwari Logistics Ltd.

Acrysil Ltd.

Generic Pharmasec Ltd.

Vikas Multicorp Ltd.

20,838

18,706

10,267

9,179

6,506

5,186

5,045

4,796

3,755

2,708

1,613

1,318

1,101

727

703

586

542

523

510

490

377

327

287

270

244

Mid Cap

Mid Cap

Mid Cap

Mid Cap

Small Cap

Small Cap

Small Cap

Small Cap

Small Cap

Small Cap

Small Cap

Small Cap

Small Cap

Small Cap

Small Cap

Small Cap

Small Cap

Small Cap

Small Cap

Small Cap

Small Cap

Small Cap

Small Cap

Small Cap

Small Cap

Source: AMFI, ICRA Online Research Note: In the new companies addition list, only the top-25 companies (in terms of average market cap) has been considered.

16

New companies added in the list

Mid Cap04

Small Cap134

Page 17: Mutual Fund Screener...Mutual Fund Franklin Templeton Mutual Fund Axis Mutual Fund IDFC Mutual Fund Industry Size Section I Industry QAAUM grows 9% YoY to Rs. 25.5 lakh crore in Q1FY20

Regulatory UpdateSection VI

SEBI mandated that asset management companies (AMCs) cannot have standstill agreements with companies. It also added that action has been taken for those asset management companies that have standstill agreement with companies. Under a standstill agreement, there are conditions under which AMCs can sell or abstain from selling stocks of companies. SEBI added that liquid funds can invest a maximum of 20% of their assets in a single sector as against the current cap of 25% and must keep aside at least a �fth of their assets in cash equivalents to meet sudden redemption pressures. The objective of the move is to protect investors from credit risks that emanate from defaults by borrowers

Tightens framework for debt mutual funds

SEBI has proposed a self-regulatory body for distributors and advisors of mutual funds products. The objective of the move is to implement the code of conduct and bring in consistency in their practices. In addition SEBI also mandated to take disciplinary action to curb malpractices like mis-selling of products and churning of portfolio and take appropriate action to deal with the complaints of the investors at large. The move comes as SEBI noted that distributors have become important players of the mutual fund industry

Proposes regulator for MF distributors

The government in the Union Budget proposed tax incentives for exchange traded funds or ETFs that track stocks of central public sector enterprises. To boost investment in ETFs, the government will come out with an offering of an investment option in ETFs which will be on the similar lines to that of Equity Linked Savings Scheme. The government in the Union Budget set the disinvestment target at Rs. 1.05 lakh crore for FY20 and acknowledged that ETFs have become a good instrument for India’s divestment program

Government proposes tax bene�ts for Equity ETFs

Mutual Fund Screener - June 2019

17

Page 18: Mutual Fund Screener...Mutual Fund Franklin Templeton Mutual Fund Axis Mutual Fund IDFC Mutual Fund Industry Size Section I Industry QAAUM grows 9% YoY to Rs. 25.5 lakh crore in Q1FY20

18

AnnexureMutual Fund Screener - June 2019

Q1FY20 % Share Q4FY19 Q3FY19 Q2FY19 Q1FY19 3M 6M 9M 12M

HDFC Mutual Fund 362,538 14.2% 342,291 334,964 306,360 306,841 5.9% 8.2% 18.3% 18.2%

ICICI Prudential Mutual Fund 337,287 13.2% 320,793 307,735 310,257 310,166 5.1% 9.6% 8.7% 8.7%

SBI Mutual Fund 307,534 12.1% 283,807 264,353 253,829 233,114 8.4% 16.3% 21.2% 31.9%

Aditya Birla Sun Life Mutual Fund 253,965 10.0% 246,480 242,344 254,223 249,270 3.0% 4.8% -0.1% 1.9%

Reliance Mutual Fund 222,576 8.7% 233,617 236,256 244,843 240,445 -4.7% -5.8% -9.1% -7.4%

Kotak Mahindra Mutual Fund 161,209 6.3% 150,099 139,427 134,412 127,635 7.4% 15.6% 19.9% 26.3%

UTI Mutual Fund 157,866 6.2% 159,694 157,586 165,946 153,183 -1.1% 0.2% -4.9% 3.1%

Franklin Templeton Mutual Fund 124,967 4.9% 118,912 109,525 110,400 104,416 5.1% 14.1% 13.2% 19.7%

Axis Mutual Fund 102,221 4.0% 89,720 81,622 87,631 79,201 13.9% 25.2% 16.7% 29.1%

IDFC Mutual Fund 82,279 3.2% 69,352 64,583 69,483 69,591 18.6% 27.4% 18.4% 18.2%

DSP Mutual Fund 77,619 3.0% 78,363 79,245 95,457 89,404 -0.9% -2.1% -18.7% -13.2%

L&T Mutual Fund 73,497 2.9% 70,944 69,080 73,753 71,118 3.6% 6.4% -0.3% 3.3%

Tata Mutual Fund 53,641 2.1% 54,194 49,293 54,824 49,221 -1.0% 8.8% -2.2% 9.0%

Sundaram Mutual Fund 31,220 1.2% 30,497 30,800 33,103 32,789 2.4% 1.4% -5.7% -4.8%

Mirae Asset Mutual Fund 29,261 1.1% 24,191 21,035 20,569 19,178 21.0% 39.1% 42.3% 52.6%

Invesco Mutual Fund 24,635 1.0% 23,990 23,871 27,556 24,919 2.7% 3.2% -10.6% -1.1%

Motilal Oswal Mutual Fund 19,640 0.8% 19,090 18,599 20,305 19,264 2.9% 5.6% -3.3% 2.0%

LIC Mutual Fund 16,294 0.6% 15,240 13,378 20,426 20,411 6.9% 21.8% -20.2% -20.2%

Canara Robeco Mutual Fund 15,852 0.6% 14,583 13,656 14,045 13,334 8.7% 16.1% 12.9% 18.9%

Edelweiss Mutual Fund 12,128 0.5% 11,665 11,862 14,161 12,502 4.0% 2.2% -14.4% -3.0%

HSBC Mutual Fund 11,608 0.5% 11,054 10,707 11,928 10,622 5.0% 8.4% -2.7% 9.3%

Baroda Mutual Fund 11,181 0.4% 11,320 12,257 13,564 12,240 -1.2% -8.8% -17.6% -8.7%

JM Financial Mutual Fund 7,710 0.3% 8,712 10,965 12,672 12,073 -11.5% -29.7% -39.2% -36.1%

PRINCIPAL Mutual Fund 7,280 0.3% 7,091 6,940 7,793 7,418 2.7% 4.9% -6.6% -1.9%

BNP Paribas Mutual Fund 7,244 0.3% 7,209 7,398 8,523 8,060 0.5% -2.1% -15.0% -10.1%

IDBI Mutual Fund 6,457 0.3% 8,949 8,599 9,961 10,540 -27.9% -24.9% -35.2% -38.7%

DHFL Pramerica Mutual Fund 5,412 0.2% 7,627 10,756 22,700 23,137 -29.1% -49.7% -76.2% -76.6%

Mahindra Mutual Fund 4,972 0.2% 4,748 3,756 4,336 3,961 4.7% 32.4% 14.7% 25.5%

Indiabulls Mutual Fund 4,530 0.2% 4,808 3,728 8,008 7,992 -5.8% 21.5% -43.4% -43.3%

Union Mutual Fund 4,307 0.2% 4,259 4,208 4,910 4,433 1.1% 2.4% -12.3% -2.8%

BOI AXA Mutual Fund 3,128 0.1% 3,626 4,173 5,872 5,692 -13.7% -25.0% -46.7% -45.0%

PPFAS Mutual Fund 2,116 0.1% 1,805 1,576 1,376 1,099 17.2% 34.3% 53.7% 92.6%

IL&FS Mutual Fund (IDF) 1,523 0.1% 0 1,554 1,514 1,473 -1.9% 0.6% 3.4%

IIFL Mutual Fund 1,523 0.1% 1,640 1,400 1,506 1,257 -7.2% 8.7% 1.1% 21.1%

Quantum Mutual Fund 1,444 0.1% 1,360 1,287 1,241 1,209 6.1% 12.2% 16.4% 19.4%

YES Mutual Fund 1,421 0.1% 2,000 0 0 0 -28.9%

Essel Mutual Fund 1,041 0.0% 1,416 1,759 2,256 1,790 -26.5% -40.8% -53.9% -41.9%

Taurus Mutual Fund 435 0.0% 424 421 454 452 2.5% 3.2% -4.2% -3.8%

Quant Mutual Fund 217 0.0% 196 195 184 176 10.5% 11.1% 17.5% 23.2%

Shriram Mutual Fund 133 0.0% 124 101 54 47 7.1% 31.9% 146.2% 181.5%

Sahara Mutual Fund 54 0.0% 55 54 58 59 -1.5% -0.2% -6.5% -9.4%4.3% 8.0% 4.9% 9.0%Grand Total 2,549,962 100% 2,445,948 2,361,047 2,430,493 2,339,732

Top

20

= 9

6.7%

Top

15

= 9

3.2%

Top

10

= 8

2.8%

Top

5 =

58

.2%

MarketShare

Asset Management CompanyQAAUM QAAUM (In Rs. Crore) % Change in QAAUM

Source: AMFI & ICRA Online Research

Lowest Highest

Page 19: Mutual Fund Screener...Mutual Fund Franklin Templeton Mutual Fund Axis Mutual Fund IDFC Mutual Fund Industry Size Section I Industry QAAUM grows 9% YoY to Rs. 25.5 lakh crore in Q1FY20

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Contact Information

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