MU TU AL

FUND
REPORT
YEAR 2019
JANUARY 2020
REVIEW & ANALYSIS BY YADNYA
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MUTUAL FUND REPORT –
KEY TOPICS DISCUSSED
Mutual Fund Industry Information

Fund House Rankings

Top 10 MF House Key Updates

Top 10 Stocks Bought & Sold

5 Stocks Most Bought & Sold in terms of number of schemes

Major changes in % MF Holdings of Top 5 Companies Sector wise

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AVERAGE AUM 27.5
AUM (Rs. Lakh Crores)

27.26
26.94
27.0

q AUM of Indian Mutual Fund Industry has 26.5

26.14
shown impressive growth in last 1 year. 25.81
26.0 25.81
q There has been an increase in AUM from Rs. 25.64 25.60
25.43
24.09 trillion in Dec 2018 to Rs. 27.26 trillion 25.5 25.28
in Dec 2019.
25.0
q That represents a notably high growth of 24.52 24.58

about 13.2% over Dec 2018. 24.5 24.25

24.09
q This is basically due to increased awareness 24.0
about mutual funds among retail investors.
23.5
q Average AUM Indian Mutual Fund industry
have reached an all time high of Rs. 27.26 23.0

trillion
22.5

M 9

19

9
19
9

9
9
8

19

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 AUM - CATEGORY WISE
q The AUM of mutual fund industry
has shown positive growth in 2019.
q The top 5 cities contributing to this
large AUM are Mumbai, Delhi,
Rs. Cr Dec-18 Dec-19 % Growth
Bengaluru, Pune and Kolkata.
Debt 11,48,879 12,79,182 11%
q Debt and equity category funds have
seen a very marginal growth in 2019 Equity 7,86,698 8,04,368 2%
while hybrid funds, Index Funds,
Hybrid 2,36,767 3,76,544 59%
ETFs and FoF have grown very well.
q ETFs whooping growth from Rs. Index funds, ETFs and FoF 1,13,568 1,93,981 71%
113,568 Cr in Dec-18 to Rs. 193,981
Cr in Dec-19 is basically due to Total 22,85,912 26,54,075 16%
Bharat Bond ETF.
q The total number of folios stood at
8.71 crore as on 31st Dec 2019.

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SIP CONTRIBUTION (RS. CR)
SIP Contribution (Rs. Cr)
9,000

8,800

8,600 8,518
8,400

8,200
8,022
8,000

7,800

7,600

7,400

9
9
18

9
19

19

9
19
19

9
9

19
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SIP Contribution has increased 1.1 times in last 1 year
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 Ranking Ranking QAAUM in Dec QAAUM in Dec Percentage
MUTUAL in 2018 in 2019
Mutual Fund House
2018 (Rs. Lakhs) 2019 (Rs. Lakhs) Change

FUND HOUSE 1 1 HDFC Mutual Fund 335,196 382,805 14.2%

RANKING 2 2
ICICI Prudential
Mutual Fund
308,166 366,853 19.0%

3 3 SBI Mutual Fund 264,668 353,018 33.4%

q Top 5 fund houses have Aditya Birla Sun Life
4 4 242,561 250,152 3.1%
maintained their position in the Mutual Fund
industry. 5 5
Nippon India Mutual
236,885 205,157 -13.4%
Fund
q The QAAUM of Mirae, IDFC, Kotak Mahindra Mutual
7 6 139,562 177,198 27.0%
Axis, SBI and Kotak Fund
Mahindra gained hugely 6 7 UTI Mutual Fund 157,586 157,119 -0.3%
Franklin Templeton
q Mirae MF has climbed 2 8 8 110,521 127,599 15.5%
Mutual Fund
positions up with a growth od
9 9 Axis Mutual Fund 81,670 122,924 50.5%
about 87.1%.
12 10 IDFC Mutual Fund 64,811 104,837 61.8%
q Out of the top 15 fund houses,
10 11 DSP Mutual Fund 79,245 77,213 -2.6%
only Nippon India Mutual Fund
11 12 L&T Mutual Fund 69,080 71,587 3.6%
have lost greatly – 13.4%.
13 13 Tata Mutual Fund 49,293 52,678 6.9%

16 14 Mirae Mutual Fund 21,035 39,349 87.1%

14 15 Sundaram Mutual Fund 30,800 31,469 2.2%

QAAUM – Quarterly Average AUM
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 QAAUM in QAAUM in
Ranking in Ranking in Percentage
Mutual Fund House Dec 2018 Dec 2019
2018 2019 Change
(Rs. Cr) (Rs. Cr)

24 29 PGIM India Mutual Fund 10,756 4,042 -62.4%

31 33 Indiabulls Mutual Fund 3,728 1,453 -61.0%

39 42 Quant Mutual Fund 195 82 -58.2%
16 14 Mirae Mutual Fund 21,035 39,349 87.1%
40 40 Shriram Mutual Fund 101 185 83.7%
33 30 PPFAS Mutual Fund 1,576 2,770 75.8%
QAAUM – Quarterly Average AUM

q PGIM, Indiabulls & Quant lost heavily based on debt q Mirae, Shriram & PPFAS MF gained significantly
funds outflow based on increased popularity among the people

MUTUAL FUND HOUSE RANKING –

Notable Mentions
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©2019
ACTIONS BY TOP 10 AMCS
AMC Name
HDFC Mutual Fund
ICICI Prudential Mutual Fund
SBI Mutual Fund
Aditya Birla Sun Life Mutual Fund
Nippon India Mutual Fund
Kotak Mahindra Mutual Fund
UTI Mutual Fund
Franklin Templeton Mutual Fund
Axis Mutual Fund
IDFC Mutual Fund
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Major Buys Major Sales
DCB Bank (Rs. 238.8 Cr), Interglobe Aviation (Rs. 357.1 Vijaya Bank (Rs. 224.1 Cr), Container corporation of India
Cr), Lupin (Rs. 604.7 Cr), (Rs. 428.8 Cr), Oil India (Rs. 152.1 Cr)
Bharat Financial Inclusion (Rs. 100.6 Cr), Blue Dart
Phoenix Mills (Rs. 208.0 Cr), Cholamandalam Financial
Express (Rs. 120.8Cr), Bharti Infratel (Rs. 137.7 Cr),
Holdings (Rs. 157.5 Cr), Alkem Laboratories (Rs. 100.8 Cr)
Siemens (Rs. 182.5 Cr)
Torrent Power (Rs. 433.1 Cr), Tube Investments (Rs. 266.0
NLC India (Rs. 103.9 Cr), PNB Housing Finance (Rs.
Cr), DLF (Rs. 350.0 Cr), Hexaware Technologies (Rs. 123.7
255.6 Cr), Havells India (Rs. 442.6 Cr)
Cr)
Ultratech Cement (Rs. 871.8 Cr), Info Edge (Rs. 165.3 Cr),
Bharat Financial Inclusion (Rs. 415.8 Cr), Zee
Lupin (Rs. 208.0 Cr), ICICI Lombard General Insurance
Entertainment (Rs. 592.0 Cr), Yes Bank (Rs. 258.5 Cr)
(Rs. 851.9 Cr)
Glaxosmithkline Consumer Healthcare (Rs. 120.6 Cr), Bharat Financial Inclusion (Rs. 650.0 Cr), Care Ratings
Page Industries (Rs. 265.3 Cr), Ultratech Cement (Rs. (Rs. 101.4 Cr), CG Power & Industrial Solutions (Rs. 167.0
127.9 Cr) Cr)
Avenue Supermarts (Rs. 190.0 Cr), Bharat Financial
HPCL (Rs. 269.1 Cr), Kalpataru Power Transmission (Rs.
Inclusion (Rs. 909.3 Cr), Indiabulls Housing Finance (Rs.
113.6 Cr), Page Industries (Rs. 241.1 Cr)
240.4 Cr)
RBL Bank (Rs. 201.0 Cr), ICICI Lombard General
Bank of Baroda (Rs. 164.6 Cr), NCC (Rs. 134.5 Cr), Yes
Insurance (Rs. 101.9 Cr), Avenue Supermarts (Rs. 154.4
Bank (Rs. 582.3 Cr)
Cr)
HDFC Ltd. (Rs. 211.3 Cr), Bharat Forge (Rs. 198.7 Cr), Amara Raja Batteries (Rs. 124.9 Cr), Bata India (Rs. 158.8
United Spirits (Rs. 158.0 Cr) Cr), Berger Paints (Rs. 113.3 Cr)
Bharti Airtel (Rs. 640.6 Cr), Aarti Industries (Rs. 202.4 Cr, Page Industries (Rs. 385.9 Cr), Wipro (Rs. 200.4 Cr),
Tech Mahindra (Rs. 403.3 Cr) Britannia Industries (Rs. 194.8 Cr)
Bharti Airtel (Rs. 286.4 Cr), Grasim Industries (Rs. 178.9 Bharat Financial Inclusion (Rs. 132.5 Cr), Tata Chemicals
Cr), Bajaj Finserv (Rs. 230.4 Cr) (Rs. 135.6 Cr), Ambuja Cements (Rs. 178.8 Cr)
Data as on Dec 2019
MOST FAVOURITE STOCKS OF MUTUAL FUNDS IN
TOP 5 SECTORS
q These are the stocks which take up the
majority allocations in their respective % allocation of company
sectors. Company Sector in sector
q The ETF’s of Nifty or Sensex are mandatory
to invest in these stocks but other equity
Dec-19 Dec-18
mutual funds too have invested heavily in
them.
HDFC Bank Ltd. Financial 19.2% 18.9%
q Large Cap stocks are very important from
liquidity perspective, because whenever a Infosys Ltd. Technology 46.1% 44.8%
mutual fund faces redemption pressure,
then large cap stocks, such as these, are Reliance Industries Ltd. Energy 34.7% 25.6%
very easy to liquidate.
q These stocks have also had highest Larsen & Toubro Ltd. Construction 40.5% 42.0%
allocation in their respective sectors
because of their consistent business
performance and a brand name created over
ITC Ltd. FMCG 32.6% 38.9%
the years.
q Some of these stocks such as Infosys, have very less promoter holding which gives the mutual funds more stake to buy them. On the
other hand, TCS has a promoter holding of 72.05%, which gives the mutual funds a very little to scope to invest and which makes the
allocation of this company in its sector relatively very less.

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 TOP 10 STOCKS q Mutual funds have heavily bought stocks from financial sector in last 1

BOUGHT & SOLD – year

q It can be clearly seen that large cap stocks’ buying was more than
LARGE CAP selling

Large Cap - Top Stocks Bought Large Cap - Top Stocks Sold
Current Holding Worth of shares bought Current Holding Worth of shares sold in
Company Name Company Name
(Cr.) in 2019 (Cr.) (Cr.) 2019 (Cr.)
Ultratech Cement 7,645 4,319 Berger Paints India 495 -327

United Breweries 2,363 1,153 UPL 1,832 -1,616

DLF 811 475 Havells India 829 -1,077

HDFC Life Insurance Co 4,531 2,949 Piramal Enterprises 127 -284

Bandhan Bank 2,841 965 Wipro 1,843 -1,118

ICICI Lombard General
6,302 3,757 Petronet LNG 3,625 -381
Insurance Co
Godrej Consumer
757 163 REC 2,192 -252
Products
Cipla 6,291 1,712 L&T Infotech 1,573 -416

Avenue Supermarts 4,838 1,997 Punjab National Bank 1,193 -646

Axis Bank 39,488 17,652 Bajaj Auto 2,606 -152

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 TOP 10 STOCKS q In midcap space, lot of selling has taken place in financial sector

BOUGHT & SOLD – q Godrej Properties and Motilal Oswal Financial services saw maximum
buying.
MID CAP
Mid Cap - Top Stocks Bought Mid Cap - Top Stocks Sold
Current Holding Worth of shares bought Current Holding Worth of shares sold in
Company Name Company Name
(Cr.) in 2019 (Cr.) (Cr.) 2019 (Cr.)
Indiabulls Housing
Godrej Properties 1052 870 56 -982
Finance
Motilal Oswal Financial
346 252 L&T Finance Holdings 189 -838
Services
Emami 3207 1804 Adani Power 287 -283

Relaxo Footwears 958 764 NIIT Technologies 689 -459

Gujarat Gas 941 727 Mindtree 559 -587

Page Industries 1796 1011 PNB Housing Finance 327 -971

Shriram Transport
BHEL 1074 336 642 -485
Finance Company
Jubilant FoodWorks 3253 2141 Castrol India 476 -400

Phoenix Mills 1001 695 Yes Bank 725 -3580

Edelweiss Financial
Fortis Healthcare 498 248 240 -343
Services

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 TOP 10 STOCKS q Small cap stocks are seeing major buying rather than selling.

BOUGHT & SOLD – q In small cap, Balrampur Chini Mills and Bajaj Consumer Care saw
maximum buying.
SMALL CAP
Small Cap - Top Stocks Bought Small Cap - Top Stocks Sold
Current Holding Worth of shares bought Current Holding Worth of shares sold in
Company Name Company Name
(Cr.) in 2019 (Cr.) (Cr.) 2019 (Cr.)
Eveready Industries
Balrampur Chini Mills 330 298 0 -158
(India)
Hathway Cable &
Bajaj Consumer Care 705 426 0 -166
Datacom
Procter & Gamble Health 252 203 Kaveri Seed Company 0 -144

Aster DM Healthcare 322 223 Jain Irrigation Systems 0 -195

Avanti Feeds 192 136 Reliance Capital 0 -275

Quess Corp 820 316 Wockhardt 0 -102

Delta Corp 315 132 IIFL Finance 0 -374

Lemon Tree Hotels 866 378 Suzlon Energy 0 -105

Chalet Hotels 1214 1214 Reliance Infrastructure 0 -252

Bombay Burmah Trading
Metropolis Healthcare 409 409 1 -120
Corporation

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 5 STOCKS MOST BOUGHT & SOLD IN TERMS OF
NUMBER OF SCHEMES
Large Cap - Stocks Most Bought Large Cap - Stocks Most Sold
379
300 266 438
No of Schemes

No of Schemes
232 195 201 362 311
170 245
130 101 121 189 201 193 149
115 132

Ultratech Cement Bharti Airtel BPCL ICICI L ombard Divis Laboratories ITC Aurob indo Pharma Tata Motors Ma hindra & Coal India
Genera l Insurance Ma hindra

Holding Schemes Count Dec-18 Holding Schemes Count Dec-19 Holding Schemes Count Dec-18 Holding Schemes Count Dec-19

Mid Cap - Stocks Most Bought Mid Cap - Stocks Most Sold
178 153 160 171
116 134
No of Schemes

No of Schemes
128 101
75 56 70
93 30
58 67 62
51
20 23
0 Yes Bank Apollo Tyres Ma hindra & NIIT Technologies Cummins India
Ma hindra
IRCTC Voltas Gujarat Gas Page Industries Phoenix Mills Financial Services

Holding Schemes Count Dec-18 Holding Schemes Count Dec-19 Holding Schemes Count Dec-18 Holding Schemes Count Dec-19

Small Cap - Stocks Most Bought Small Cap - Stocks Most Sold
63 69 69 73
53 61 61
48 55
No of Schemes

No of Schemes
25 34
13 23
0 0 0 19
8 8 10
Arti Surfactants ABB Power Tube Investments Lemon Tree Hotels KPIT Technologies
Products & of India CESC Ventures SpencerS Retail Sterlite Tata Elxsi Strides Pharma
Systems India Technologies Science

Holding Schemes Count Dec-18 Holding Schemes Count Dec-19 Holding Schemes Count Dec-18 Holding Schemes Count Dec-19

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 MAJOR CHANGES IN % MF HOLDINGS OF TOP 5
COMPANIES SECTOR WISE
q The MF industry is making Construction
lot of changes in the small 0% 5% 10% 15% 20% 25% 30% 35% Energy Sector
0% 2% 4% 6% 8% 10% 12% 14% 16% 18%
cap & mid cap space Pokarna 4.2%
9.7%
NTPC 11.8%
13.6% 17.1%
q In construction sector, funds NCL Industries
7.3%
9.5%
Torrent Power
are greatly reducing their NCC
22.1%
30.0%
15.4%

4.4%
allocations 21.2%
GAIL (India)
10.8%
The India Cements
11.1% 13.4%
PTC India
q NCC, India Cements and HSIL 21.5%
9.7%
11.0% 3.7%
HSIL has seen lot of selling. Suzlon Energy
0.0%

Dec-18 Dec-19
Dec-18 Dec-19

q Mutual funds have Financial Sector q The MF houses are shifting their
increased their allocation in
0% 5% 10% 15% 20% 25%
focus from the earlier favourites
Axis Bank, Quess Corp and Axis Bank 12.5%
18.6% towards better performing
DCB Bank at the same time Quess Corp 5.2%
11.5%
companies like NTPC, GAIL,
decreasing its allocation in 16.4%
Torrent Power etc while offloading
DCB Bank
23.7%
Ujjivan Financial Services shares of Suzlon Energy
Ujjivan Financial Services 10.8%
and Max India. 3.2%

Max India 16.7%

0.9%

Dec-18 Dec-19

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 MAJOR CHANGES IN % MF HOLDINGS OF TOP 5
COMPANIES SECTOR WISE
FMCG Sector Technology Sector
0% 5% 10% 15% 20% 25%
0% 5% 10% 15% 20% 25%

Cyient 14.4%
1.5% 18.6%
Balrampur Chini Mills
8.2%

Tejas Networks 11.0%

6.7% 16.7%
Jubilant FoodWorks
14.9%

KPIT Technologies 0.0%

5.1% 9.4%
Bajaj Consumer Care
20.2%

NIIT Technologies 16.0%

7.4% 6.9%
Emami
22.8%

CESC Ventures 19.6%

11.6% 3.6%
Eveready Industries (India)
0.0%

Dec-18 Dec-19
Dec-18 Dec-19

q MF industry believes in upcoming and future q In the technology sector, major changes are being
star companies. That is why we can see them made in the mid cap and small cap companies.
increasing their allocations to a huge extent in q Large cap companies like Infosys and TCS don’t
Emami, Bajaj Consumer care, Jubilant see major changes in their holding as they act
FoodWorks and Balrampur Chini Mills like the liquidity providers for the MF houses.
q Eveready Industries seem to have lost the trust q Allocation in KPIT technologies is due to its
of the MF houses. demerger.

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DATA SOURCE & DISCLAIMER

Data Source –
AMFI, Accord Equity
Disclaimer
We do our best to ensure that the data we publish is complete, accurate and
useful. However, because we do not create the data, and because the processing
required to make the data useful is complex, we cannot be liable for omissions
or inaccuracies. The data and any related materials contained therein are
provided “as is,” without warranty of any kind, either express or implied. The
entire risk of use of the data shall be with the user.
All in the information above is for Information purpose only. Please do not use the
above information as a substitute to Investment/Stock advise and please contact
your Financial advisor for final recommendations.

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About Yadnya

A Financial Education &

Research Start-up started in
2016

Mission
Our Mission is to educate and simplify
concepts of personal finance for every
Indian.

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