Mutual Funds Asset Growth Increases by 25% with increasing geographical presence

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New delhi date. December 24, 2019, Tuesday

In comparison to the global average, the wealth of mutual funds in India is limited, but in terms of valuations, Indian asset management companies have reached the top level globally. On the other hand, in the last five years, mutual fund assets have witnessed a growth rate of 5%, due to the attractiveness of investors.

HDFC AMC and Reliance Nippon Life Asset Management are listed AMCOs in India and they are trading with trailing multiple of 1 and 2 respectively. The stocks of these two Indian AMCs have yielded more than 5% returns so far in 5th.

The geographical presence of Indian listed mutual fund companies is increasing. In addition, there is a steady flow of money from small investors through the Systematic Investment Plan (SIP). During the past five years, the asset under management of home-based mutual funds has grown by 5% annually, which is the second rate after China.

Home SIP book increased to Rs. 3 crore compared to Rs 3 crore three years ago. 5 crore, according to data from the Association of Mutual Funds in India.

AMCO's profitability has also improved.

For the quarter of September 1, HDFC AMC and Reliance Nippon Life ratios increased by eight basis points and four basis points, respectively, to 4 and 5 basis points. It is worth mentioning here that India's share of global GDP and market cap is three percent. However, mutual fund assets account for only 5%.


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