Senior fund analyst Atul Pahuja presents Fund Industry Spotlight for the quarter ended June 2014. Here are his observations with regards to asset growth and fund flows.
1) Fund industry assets grew by 9% during the second quarter, gaining Rs 821 billion.
2) The top 10 fund houses accounted for about 78% of total industry assets. Among them, HDFC AMC was the only one to report a noticeable increase in market share to 13.2% in the second quarter from 12.5% in the first quarter of this calendar year.
3) Liquid/money-market schemes registered the largest increase in assets, when compared category-wise. Average quarterly assets rose by Rs 827 billion to Rs 2,160 billion.
4) Average assets in the equity category grew by 27% during the quarter to Rs 2,108 billion. Equity-linked savings schemes, or ELSS, also experienced a net inflow of Rs 47 billion, taking average total assets to Rs 302 billion for the June quarter.
5) Infrastructure debt funds begin to pick up in momentum.
6) Birla Sun Life Pure Value (Growth) put up a stellar performance over the quarter.
To read the entire report, click here.
