Indian Mutual Industry witnessed a surge in assets
in CY 2015 despite the volatility in equities. The key benchmarks lost around
4% to 5% but the MF Industry corpus gained a whopping 24% till 30 Nov 2015. The
equity MF corpus stood at around all time high of ` 4 lakh Crores, courtesy the strong participation
from the retail investor and robust inflows in equity schemes.
The sluggish trends in real estate, gold and lack of
other lucrative investment avenues have allured the investments in MF and
especially equities. Even though Sensex and Nifty’s of the world yielded
negative returns, but the mid and small caps surged ahead. The growth was subsequently
evident in the mid cap, small cap and multi cap funds.
The strong domestic inflows from the retail category
aided some funds to gain their corpus even in turbulent times. The benefits of
these inflows are majorly passed to the popular names or the stalwarts of the equity
MF basket. The continuous strong inflows have helped these popular names
surpassing a prominent milestone in their AUM - 10k Crore.
10K Crore Club Members
Latest available AUMs;
Returns as on 05-01-2016
The 7 schemes listed above are the coveted entries
in the elite ` 10K Crore Club. It is a diversified package with Large, Mid, Multi Caps
and Hybrid (Equity Oriented Funds). HDFC Equity and Top 200 dominate others in
AUM but have been laggards on the 1 year returns front. In a stark contrast,
the hybrid fund, ICICI Prudential Balanced Advantage was the winner in 1 year,
3 years and 5 years category.
Overall, these 7 funds command over ` 84000 crores of corpus which tantamount to 20% of the entire equity
funds corpus. HDFC which dominates the AMCs in corpus has a significant
presence of ~ `
41000 crores owns 50% of this elite club.
Latest available AUMs
The bout of investment in MFs have swelled the
corpus of other famous equity funds as well. These inflows have helped some of
the funds which are prominent contenders to join the club. ICICI Prudential
Focused Bluechip Equity missed the opportunity by just a whisker.
Another HDFC Fund, “Prudence” is not far away from
the membership. Besides these two contenders, many of the funds are in the 5000
– 6000 crore corpus and will compete with each other if the equity MFs
continues to attract Mullah.
of the schemes have witnessed an upsurge in their corpus even with the volatile
markets and yielded negative returns in CY15. If the inflows remain positive
and the equity market rebounds in 2016, `
10K Crore club will definitely prosper with new additions and
we might also witness an evolution of `
20K Crore club.