Mutual Funds: HDFC AMC added 7 companies, exits from 4 in September 2021 - Full details available here

According to the Association of Mutual Funds in India (AMFI) data, the overall mutual funds industry's assets under management (AUM) jumped to nearly Rs 37 lakh crore in September 2021, registering an over 33 per cent growth compared to the year-ago period. The growth was driven by record inflows into Systematic Investment Plans (SIPs), as per AMFI. The overall Assets Under Management (AUM) touched Rs 36.74 lakh crore last month, up from Rs 27.6 lakh crore in September 2020, the data from the Association of Mutual Funds (Amfi) showed.

Talking in terms of  Asset Management Company (AMC) wise assets under management (AUM), HDFC MF stands at 3rd place with Rs 441,352 crores in Sep 2021. SBI MF holds first place with Rs 610,040 crores followed by ICICI MF - Rs 467,542 cr among other AMCs.

With the 3rd biggest AUM in Sept 2021, HDFC MF (HDFC Asset Management Company Limited) made 7 new additions and 4 exits, as per an IDBI Capital report:-

7 New Additions - List of companies

1-Aditya Birla Sun Life AMC Ltd.

2-Indian Energy Exchange Ltd.

3-Paras Defence And Space Techn

4-Action Construction Equipment

5-Indraprastha Gas Ltd.

6-Indiamart Intermesh Ltd.

7-Polycab India Ltd

(Source: IDBI Capital)

4 Exits - List of companies

1-Century Plyboards (India) Ltd.

2-SpiceJet Ltd.

3-Colgate-Palmolive (India) Ltd.

4-TVS Motor Company Ltd.

(Source: IDBI Capital)

MF AMFI Data Sept 2021

-The number of SIP accounts grew from 4,32,44,048 in August to 4,48,97,602 in September while the SIP assets rose from Rs 9,923.15 crore in August to Rs 10,351.33 crore last month. The overall SIP assets climbed to Rs 5,44,976 crore in September from Rs 5,26,883 crore in August.

-The industry added a whopping 89.15 lakh folios in the first six months of FY22, as against more than 81 lakh folios added in the whole of FY21.

-Retail folios -- equity, hybrid, and solution-oriented schemes -- at Rs 9,15,36 crore is also at an all-time high, helping the monthly SIP contribution to touch Rs 10,351.33 crore.

-Retail AUMs (equity, hybrid, solution-oriented schemes) at an all-time high at Rs 17,72,049 crore, now forms 48.23 per cent of the total industry AUMs at Rs 36.73 lakh crore.

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