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)
-6000.00
-5000.00
-4000.00
-3000.00
-2000.00
-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
0.00
40000.00
80000.00
120000.00
160000.00
200000.00
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
Clo
sed
End
ed T
hem
e
Clo
sed
End
ed I
nfra
stru
cture
Clo
sed
End
ed T
ax P
lann
ing
Ope
n En
ded
The
me
Ope
n En
ded
Tax
Pla
nnin
g
Ope
n En
ded
FMC
G
Ope
n En
ded
Infr
astr
uct
ure
Ope
n En
ded
Pha
rma
Ope
n En
ded
Div
iden
d Y
ield
Ope
n En
ded
Div
ersi
fied
Ope
n En
ded
Con
tra
Ope
n En
ded
Dyn
amic
Op
port
uni
ty
Ope
n En
ded
Aut
o
Ope
n En
ded
Mid
cap
Clo
sed
End
ed D
ynam
ic/
Opp
ortu
nity
Clo
sed
End
ed D
iver
sifie
Ope
n En
ded
Index
Clo
sed
End
ed M
idca
p
Ope
n En
ded
Ban
king
Clo
sed
End
ed D
ynam
ic
Ope
n En
ded
Tec
hnol
ogy
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