HDFC AMC tops retail equity assets

By: | Published: June 3, 2015 12:44 AM

India's biggest fund house in terms of assets, HDFC Asset Management Company (AMC) continued to lead with highest retail equity assets.

India’s biggest fund house in terms of assets, HDFC Asset Management Company (AMC) continued to lead with highest retail equity assets. The latest report from PRIME Database shows that all top 10 fund houses saw increase in equity retail participation in April 2015 against April 2014, with highest growth seen by Reliance AMC.

PRIME Database in a report states that HDFC AMC’s retail equity at the end of April 2015 stood at Rs 30,188 crore against Rs Rs 20,808 crore in April 2014, a growth of around 45%. UTI AMC came second as their retail equity increased by 39% at Rs 22,906 crore in April 2015. However, the biggest increase among all fund houses was seen in retail equity of Reliance AMC, which surged by 119% at Rs 18,414 crore in April 2015, compared to Rs 8,410 crore in April 2014.

The CEO of a top fund house on the condition of anonymity said, “There was overall enthusiasm among retail investors in the last one year. We have seen strong new inflows into equity funds as markets surged ahead. Apart from that, there were many equity close ended new fund offers (NFOs) which attracted many retail investors.”

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The report also stated that, equity funds continued to dominate the retail wallet share. While 67 % of retail assets under management was in equity funds in April 2014, the same went up to 74 % in April 2015. However, the picture is different for HNIs. As on April 2015, equity funds comprised only 36% of high net worth individuals’ (HNIs) wallet share (though up from 22% a year back). Highest allocation of HNIs is into debt though this has fallen from 73% in April 2014 to 58% in April 2015.

On an aggregate basis across all investor classes, Maharashtra led with Rs 1.21 lakh crore, taking 35% share of the market. Delhi followed next, though far behind, with Rs 28,058 crore and Karnataka with Rs 27,625 crore.

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