MUTUAL FUNDS

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MUTUAL FUNDS

A Mutual fund is a pool of funds contributed by individuals and nonindividual entities and managed with a specific defined objective and in compliance with the regulations. The popularity of mutual funds is because of the variety of needs that they address, ease of transaction, transparency, stringent regulation, flexibility, favourable taxation, and a host of other convenient factors.

Mutual funds invest across asset classes, have varying risk, return profiles to suit a variety of investor preferences. They are a convenient tool to achieve life’s important goals as it is possible to match your investment time horizons with those of a mutual fund. They are equally useful in both financial planning and wealth management.

In India, there are 44 Asset Management companies, and together between them have an AUM –Assets Under Management of Rs 27.01 lakh crores ( as of March 2020 source ICRA). The list of AMCs and their AUMs is given below.

AMC wise Quarterly Average AUM


Mutual Fund Name No. of Funds QAAUM Date QAAUM    (Rs. Cr) Prev Date Prev QAAUM (Rs. Cr) Inc/Dcr (Rs. Cr)
Aditya Birla Sun Life Mutual Fund 165 Mar-20 247521.68 Dec-19 249925.99 -2404.31
Axis Mutual Fund 58 Mar-20 138401.62 Dec-19 122867.23 15534.39
Baroda Mutual Fund 21 Mar-20 11792.98 Dec-19 11137.72 655.26
BNP Paribas Mutual Fund 18 Mar-20 7640.07 Dec-19 7724.38 -84.31
BOI AXA Mutual Fund 16 Mar-20 2269.7 Dec-19 2322.14 -52.44
Canara Robeco Mutual Fund 23 Mar-20 17913.22 Dec-19 17281.38 631.84
DSP Mutual Fund 72 Mar-20 80395.64 Dec-19 77187.03 3208.61
Edelweiss Mutual Fund 36 Mar-20 24466.11 Dec-19 12408.91 12057.2
Essel Mutual Fund 10 Mar-20 762.79 Dec-19 855.29 -92.5
Franklin Templeton Mutual Fund 82 Mar-20 116222.95 Dec-19 126374.81 -10151.86
HDFC Mutual Fund 122 Mar-20 369782.8 Dec-19 382517.03 -12734.23
HSBC Mutual Fund 35 Mar-20 11317 Dec-19 11245.14 71.86
ICICI Prudential Mutual Fund 242 Mar-20 350634.37 Dec-19 361394.97 -10760.6
IDBI Mutual Fund 22 Mar-20 5030.93 Dec-19 5088.64 -57.71
IDFC Mutual Fund 59 Mar-20 103893.16 Dec-19 104611.07 -717.91
IIFCL Mutual Fund 2 Mar-20 571.04 0 571.04
IIFL Mutual Fund 3 Mar-20 1832.44 Dec-19 1231.52 600.92
IL & FS Mutual Fund 5 Mar-20 1237.79 0 1237.79
Indiabulls Mutual Fund 18 Mar-20 1549.59 Dec-19 1452.63 96.96
Invesco Mutual Fund 46 Mar-20 25660.22 Dec-19 25177.77 482.45
ITI Mutual Fund 8 Mar-20 526.8 Dec-19 170.28 356.52
JM Financial Mutual Fund 15 Mar-20 6109.27 Dec-19 5683.03 426.24
Kotak Mahindra Mutual Fund 100 Mar-20 186081.33 Dec-19 176961.15 9120.18
L&T Mutual Fund 41 Mar-20 71055.79 Dec-19 71587.1 -531.31
LIC Mutual Fund 25 Mar-20 16323.96 Dec-19 16337 -13.04
Mahindra Manulife Mutual Fund 13 Mar-20 5396.27 Dec-19 5258.47 137.8
Mirae Asset Mutual Fund 18 Mar-20 43200.31 Dec-19 39349.03 3851.28
Motilal Oswal Mutual Fund 20 Mar-20 19956.36 Dec-19 20281.32 -324.96
Nippon India Mutual Fund 212 Mar-20 204857.79 Dec-19 204370.52 487.27
PGIM India Mutual Fund 44 Mar-20 4331.77 Dec-19 4038.19 293.58
PPFAS Mutual Fund 3 Mar-20 3137.64 Dec-19 2770.38 367.26
PRINCIPAL Mutual Fund 23 Mar-20 6403.41 Dec-19 6729.79 -326.38
Quant Mutual Fund 13 Mar-20 248.56 Dec-19 81.52 167.04
Quantum Mutual Fund 10 Mar-20 1361.63 Dec-19 1457.13 -95.5
Sahara Mutual Fund 11 Mar-20 0 Dec-19 50.13 -50.13
SBI Mutual Fund 150 Mar-20 373498.27 Dec-19 352631.93 20866.34
Shriram Mutual Fund 4 Mar-20 182.28 Dec-19 184.62 -2.34
Sundaram Mutual Fund 75 Mar-20 31279.71 Dec-19 31397.76 -118.05
Tata Mutual Fund 60 Mar-20 52469.81 Dec-19 52209.59 260.22
Taurus Mutual Fund 9 Mar-20 416.56 Dec-19 431.34 -14.78
Union Mutual Fund 17 Mar-20 4057.75 Dec-19 4284.54 -226.79
UTI Mutual Fund 182 Mar-20 151512.5 Dec-19 157119.09 -5606.59
YES Mutual Fund 3 Mar-20 252.52 Dec-19 395.27 -142.75

Mutual funds can be classified in the following ways which can also be overlapping


1. Based on Asset Class composition — Equity oriented, Debt oriented, Balanced Fund, Arbitrage Fund, Multi-Asset Fund, Gold Fund, Commodities Fund, Equity Hybrid Fund, Debt oriented hybrid fund, overseas assets.

Within equities, depending on the composition—–Large Cap, Midcap, Small Cap, Multi cap, Focussed, Diversified, sectoral, or based on the philosophy– Value or Growth.

Within Debt funds —-Duration, Credit Risk, Liquid, Short Term, Gilt, Medium Term, Long term etc.

2. Based on the way it is managed— Static or Dynamic, Asset Allocation

3. Based on the structure of the fund—Open-Ended or Closed-ended, Interval fund, locked fund.

Mutual funds have come a long way since private mutual funds were floated in the early nineties and are now one of the most convenient vehicles to save and invest especially, for the individuals who lack the knowledge and time to make informed decisions. Mutual funds have had their share of problems. However by and large mutual fund investors who have invested based on advice have had a happy investing experience on account of the outperformance vis-à-vis traditional instruments.

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