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Mutual Funds Lost Rs. 36,000 Crores in 2011-12 – How Much Did You Lose?

Even the third consecutive quarter did not yield any positive results for the mutual fund industry; the total assets reduced by about 5percent which is Rs.36, 000 crore for the fiscal year which ended on 31st March 2011-12.

icici Prudential Life Insurance logo

icici Prudential Life Insurance

It is now at two year lowest, the average asset under management (AUM) of the industry dipped to Rs. 6, 64, 824 crore at the end of FY 2011-12. This followed a dip of 7percent from the previous fiscal 2010-11 when total AUM dipped to near 7 Lakh crore. Also, the total number of investors across 44 fund houses declined by around 15 lakhs in the FY 2011-12.

Among the top-five fund houses, companies like HDFC MF, Birla Sunlife MF, and UTI MF have managed to improve their average AMU’s in the last quarter while that of Reliance MF and ICICI Pru MF declined. Many MNC’s also faced the same situation leaving a complete nightmare for the industry!

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