MutualfundsinIndia

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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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