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The mutual fund (MF) market has been witnessing lots of traction over the last few months. In Q1 (2022), the top 3 mutual funds witnessing an increase in Assets Under Management (AUM), in percentage term, have been Quant MF, Trust MF, and ITI MF of 127%, 37%, 32% respectively. The percentage growth is also high because of the low base. Among others that witnessed high growth levels in Q1 (2022) were Parag Parikh Financial Advisory Services (PPFAS) MF and PGIM India MF with 30% and 24% growth in AUM respectively. 

Some of the Fastest Growing Mutual Funds are Quant, Trust, and ITI

Top MFs with Growth in AUM in % 

Fund House

QA AUM (April to June 2021)

INR Cr

QA AUM (Jan- March 2021)

NR Cr

Quarter on Quarter % Change

Quant MF

1,642

722

127%

Trust MF

858

625

37%

ITI MF

1,562

1,179

32%

PPFAS MF

11,342

8,720

30%

PGIM India MF

8,110

6,527

24%

Edelweiss MF

54,406

46,849

16%

Canara Robeco MF

32,540

28,273

15%

Union MF

5,916

5,240

13%

Mirae Asset MF

77,674

69,598

12%

Baroda MF

10,644

9,641

10%

*Source: AMFI

**QA AUMQuarterly Average Assets Under Management

Despite growth in AUM of various MFs due to high investor preference, there have also been certain fund houses that have witnessed a fall in AUM. The highest drop in AUM has been witnessed by Franklin Templeton of 27% due to the windup of 6 schemes by the AMC as redemption pressures were high.

 

MFs with Decline in AUMs in %

Fund House

QA AUM (April to June 2021)

INR Cr

QA AUM (Jan- March 2021)

NR Cr

Quarter on Quarter % Change

Franklin Templeton MF

60,525

82,553

-27%

Yes Bank MF

81

110

-26%

JM Financial MF

2,134

2,389

-11%

Indiabulls MF

631

664

-5%