AAUM Movement for the month of Jan 2010 After impressive gains in the month of November 2009 and December 2009, the Indian market cooled off in the month of January 2010. Both the BSE Sensex and S&P Nifty fell by around 6 per cent. FIIs and Mutual Funds were net sellers in the equity market by Rs. 500.3 crores and Rs. 1340.6 crores In the Bond market, yields traded in a narrow range through the month amid the uncertainty over the third quarter monetary policy review. During the month the FIIs turned net buyers pumping in Rs. 8913 crores, while Mutual funds invested Rs. 31231.8 crores in the debt market. The AAUM of equity category is around Rs. 2,03,116.59 crores which is 1.4 per cent higher against the last month. While the total AAUM of debt category has reduced to Rs. 5,33,481.24 crores in January 2010, a decline of more than 6 per cent compared to last month. The highest gain in the equity category was made by Bharti AXA Mutual Fund, Benchmark Mutual Fund and Sundaram BNP Paribas Mutual Fund by 11.05 per cent, 7.97 per cent and 6.37 per cent respectively. The Average Assets Under Management (AAUM) of all Mutual Funds stood at Rs 7,63,143.4 crore as the assets fell by Rs. 32,385.4 crores or 4.07 per cent during the month of January 2010 compared with Rs. 7,95,528.7 crores in Dec 2009. Out of the 37 Mutual fund houses only 14 witnessed an increase in their AAUM while the rest 23 saw their AAUM plunge. AAUM Movement 140000.00 120000.00 AAUM (Rs. cr) 100000.00 80000.00 60000.00 40000.00 20000.00 0.00 ntum Deutaram Taur rk C JPM SBC AIG ING Benc organ klin Sundigare us Can JM IDFC UTI Baroan LIC Forti l HDF e sche Axis e DSP M BS k I Princara da Shin ra Qua eiss H ity Birla Tata Saha ti Fran BI Fide s Mira i Edescorts ipa se ICIC Kota nc Bhar hma S org l D Relia lw Rel E AMC Jan-10 Dec-09 Among the top five Mutual fund houses based on AAUM, all five faced a decline in their AAUM with the highest fall clocked in the assets of Birla Sun Life Mutual Fund, which fell by 8.03 per cent compared with last month, currently the AAUM of Birla Sun Life Mutual Fund stands at Rs. 62,617.7561 crores. Reliance Mutual Fund continued to be the largest fund house with Rs. 1,17,248.57 crores of AAUM in January 2010 recording a loss of 2.28 per cent in its AAUM compared with the earlier month. ICICI Prudential Mutual Fund which was the only one in top five AMCs to make a gain in Dec 2009 has also made a loss of 4.92 per cent in January 2010. All Mutual fund houses which posted a turnaround, clocking a positive growth compared to losses in the previous month are Baroda Pioneer Mutual Fund which has registered the highest gain of 23.8 per cent in AAUM, followed by Sahara Mutual Fund, Canara Robeco Mutual Fund, JM Financial Mutual Fund and Sundaram BNP Paribas Mutual Fund by 21.87 per cent, 8.02 per cent, 7.18 per cent and 5.20 per cent respectively. The fund houses which saw an increase in the month of December 2009 but have seen a trend reversal this month are Edelweiss Mutual Fund, Kotak Mahindra Mutual Fund, LIC Mutual Fund, ICICI Prudential Mutual Fund and DSP BlackRock Mutual Fund.