AUM Trends: 07-08

AUM Trend: Industry

(Rs. In Crores)

0

100000

200000

300000

400000

500000

600000

2007 2008

•2007 the year the industry would want to repeat itself.•2008, the year the industry would rather forget.•Total AUM plummets by 25%.•Value erosion of 1.3 lac crores

Gainers Gainers…. In 2008

Corpus Gainers: Absolute(Rs. In Crores)

0.00

1000.00

2000.00

3000.00

4000.00

5000.00

Canara Robeco Mutual Fund  Birla Sun Life Mutual Fund  LIC Mutual Fund 

Corpus Gainers: %

0.00

10.00

20.00

30.00

40.00

50.00

60.00

Canara Robeco Mutual Fund  Birla Sun Life Mutual Fund  LIC Mutual Fund 

Can Robeco MF, Birla Sun Life MF & LIC MF have added to total corpus.

Can Robeco MF grows by 51%, Birla Sun Life by 14% & LIC about 3%

Amongst the heavy weights, only Birla Sun Life returns positive AUM numbers.

CONGRATULATIONS Can Robeco Mutual Fund Birla Sun Life Mutual Fund

Corpus Losers: 07-08

Corpus Losers: Absolute(Rs. In Crores)

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-1000.00

0.00

BenchmarkMutual Fund 

DBS CholaMutual Fund 

ING Mutual Fund  Baroda PioneerMutual Fund 

Morgan StanleyMutual Fund 

ING Mutual Fund, Benchmark Mutual Fund, Morgan Stanley and DBS Chola Mutual Fund largest AUM losers.

Goliaths fall the hardest.

Corpus Losers: %

-45.00

-40.00

-35.00

-30.00

-25.00

-20.00

-15.00

-10.00

-5.00

0.00

ICICIPrudential

MutualFund 

UTI MutualFund 

FranklinTempleton

MutualFund 

RelianceMutualFund 

DSPBlackRock

MutualFund 

•Franklin Templeton & DSP Blackrock give up more than 35%

•ICICI Prudential & UTI loose 25%.

•Reliance MF, most successful in holding on to assets.

Worst sufferers…. Categories

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40000.00

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ClosedEndedEquity

OpenEndedEquity

F-O-F Hybrids Gold ETF OpenEnded

Arbitrage

Categorywise AUM (Crores)

December 2007

December 2008

Gold ETF is the only AUM positive category.

Open ended equity gives up more than 90,000 crores INR.

Closed ended equities loose more than 50%

F-O-F has been reduced to an insignificant category.

Hybrids fail to fare any better than pure equity category.

Category hits the most…..

Category Growth (Dec '07 to Dec '08)

-35000

-30000

-25000

-20000

-15000

-10000

-5000

0

5000

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FMC

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Pha

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Dyn

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Sector wise Auto Banking Technology are the laggardsInfrastructure, FMCG & Pharma are the category

leaders

Schemes – Corpus Gainers

306.46 Principal Index

172.32

Reliance Regular Savings -Equity

169.52DSP BlackRock

Top 100

157.68

Kotak Opportunities

140.37 Gold BeEs

The top 5 gainers, combined just add Rs. 1000 crores.

Amongst the large funds, Reliance Regular Savings Equity and DSP Blackrock Top 100 manage to stay positive.

Schemes – Corpus Gainers (%)

2826.41 Principal Index

527.27

DBS Chola Monthly Income Plan Reg Cum

249.39Birla Sun Life MIP-

Saving 5

248.09 DWS MIP Plan

156.32DWS Investment

Opportunity

Principal Index and DWS Investment Opportunity only equity funds to gain substantially.

Gainers are lead by the Hybrid Category indicating shift of assets and investor’s preference.

Corpus Losers – Schemes

-4152.29 Bank BeES

-3092.98 Reliance Growth

-2910.52 HDFC Equity Fund

-2630.88 Morgan Stanley Growth

-2470.62Reliance Diversified Power

Sector

Top 5 AUM losers account for nearly Rs.15,000 crores.

Reliance schemes account for most loses.

Bank BeES the largest single affected party, amongst equity schemes.

Morgan Stanley, the largest closed ended fund AUM loser.

To sum up……….

Can Robeco Mutual Fund & Birla Sun Life Mutual Fund are the only fund houses to improve in the year.

Reliance Mutual Fund largely successful in holding assets.

Franklin Templeton, DSP Blackrock, ICICI Prudential and UTI fail to hold on to assets.

To sum up……….

Some of the smaller fund houses, seriously need to rethink strategy.

F-O-F fails to leave any mark Hybrids surprise by their overall poor

performance

Thank You