equity aum at all time high at mutual fund...

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• PRODUCT 2

• PRODUCT 1

Mutual Fund Activity

Highlights

August 22, 2018

Equity AUM at all time high at 10.45 lakh crore

SIP inflow also at all time high in July at 7554 crore

Inflows into equity oriented funds dip significantly to |6900 crore in June from |18000 crore in June

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ICICI Securities Ltd. | Retail MF Research 2

Source: AMFI, ACE MF, ICICI Direct Research

Industry snapshot

• HDFC AMC remains largest AMC in terms of Equity AUM

• Top 10 AMC have a market share of 81%

• AMCs like Invesco, L&T, Mirae, Edelweiss, Motilal, Axis and

Kotak have been among the fastest growing AMCs in terms of

equity AUM over the last one year

0

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600000

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1000000

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| la

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Total Equity AUM(Equity+ELSS+ETF+70%balanced)

Total Equity AUM: 10.45 lakh crore

Total Equity Debt Others

HDFC Asset Management Company Limited 301664 134909 157205 9550

SBI Funds Management Private Limited 249166 126931 115755 6481

ICICI Prudential Asset Management Company Limited 306759 119607 168936 18216

Reliance Nippon Life Asset Management Limited 240375 90919 141862 7594

Aditya Birla Sun Life AMC Limited 251845 83733 154997 13116

UTI Asset Management Company Private Limited 165193 62954 93005 9234

Franklin Templeton Asset Management (India) Private Ltd 109836 50371 51322 8143

Kotak Mahindra Asset Management Company Limited 130757 46278 80773 3706

DSP BlackRock Investment Managers Private Limited 94569 38951 57991 -2373

Axis Asset Management Company Ltd. 83614 36269 46704 641

Top 10 Buys in Largecap

AUM (|crore)

-5000

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Total Equity AUM at all time high in July 2018 at 10.45 lakh crore

Equity inflows decline in July due to outflow from ETFs and sharp

decline in balanced funds inflows

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Source: ACE MF, ICICI Direct Research. Note: Largecaps/Midcaps/Smallcaps as defined by AMFI

Top buy/sell across AMCs: Large Cap

Jul-18 Jun-18 Jul-18 Jun-18 %Change

Dabur India Ltd. 3458 2748 820 702 17%

RBL Bank Ltd. 4583 3822 800 692 16%

Lupin Ltd. 2608 2524 316 279 13%

Havells India Ltd. 2174 1658 343 305 12%

Bajaj Auto Ltd. 2548 2411 94 86 10%

Wipro Ltd. 3824 3327 1383 1272 9%

Eicher Motors Ltd. 4711 4458 17 16 9%

TVS Motor Company Ltd. 2296 2274 444 411 8%

The Indian Hotels Company Ltd. 2952 2739 2220 2074 7%

City Union Bank Ltd. 2491 2277 1449 1356 7%

Market Value(crs) Shares(lakhs)

Top 10 Buys in Largecap


Indiabulls Housing Finance Ltd. 2015 2045 155 179 -13%

HCL Technologies Ltd. 6760 7196 700 777 -10%

Asian Paints Ltd. 3797 3608 262 285 -8%

Coal India Ltd. 2871 3154 1099 1193 -8%

ICICI Lombard General Insurance Co Ltd 2089 2003 269 288 -7%

Oil & Natural Gas Corporation Ltd. 5994 6046 3618 3818 -5%

Colgate-Palmolive (India) Ltd. 2038 2215 178 187 -5%

Bharat Forge Ltd. 2225 2235 347 365 -5%

Avenue Supermarts Ltd. 2787 2625 168 177 -5%

Hindustan Unilever Ltd. 6457 6404 373 390 -4%

Top 10 Sells in LargecapMarket Value(crs) Shares(lakhs)

Among the stocks in large caps which saw selling by

AMCs were Indiabulls housing, HCL Tech., Asian Paints

and Coal India

In Large caps, stocks like Dabur, RBL, Lupin, Havells and

Bajaj Auto witnessed highest buying during the month of

July 2018

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Source: ACE MF, ICICI Direct Research. Note: Largecaps/Midcaps/Smallcaps as defined by AMFI

Top buy/sell across AMCs: Midcap

Among the stocks in midcaps which saw selling by

AMCs were National Aluminium, Ashok Leyland, Alkem

Laboratories and Shriram Transport Finance

In Mid caps, stocks like AU Small Finance, Emami,

Kajaria, Apollo Hospitals and Punjab National Bank

witnessed highest buying during the month of July 2018


AU Small Finance Bank Ltd. 1597 962 248 147 69%

Emami Ltd. 1761 1344 298 254 17%

Kajaria Ceramics Ltd. 658 632 148 131 13%

Apollo Hospitals Enterprise Ltd. 981 963 103 92 12%

Punjab National Bank 1856 1495 2181 1963 11%

Biocon Ltd. 1262 1225 215 198 9%

Chambal Fertilisers & Chemicals Ltd. 653 633 446 410 9%

SRF Ltd. 954 865 55 51 8%

Mindtree Ltd. 897 887 96 90 7%

Persistent Systems Ltd. 929 845 111 104 7%

Top 10 Buys in MidcapMarket Value(crs) Shares(lakhs)


National Aluminium Company Ltd. 1582 1956 2573 3025 -15%

Ashok Leyland Ltd. 1886 2388 1672 1898 -12%

Alkem Laboratories Ltd. 761 769 36 41 -12%

Shriram Transport Finance Company Ltd. 1556 1636 113 126 -11%

NIIT Technologies Ltd. 976 971 80 88 -10%

Dewan Housing Finance Corporation Ltd. 1240 1416 206 222 -7%

Jubilant FoodWorks Ltd. 1437 1512 102 109 -6%

The India Cements Ltd. 782 747 668 707 -5%

Raymond Ltd. 765 884 91 96 -5%

Bata India Ltd. 1622 1614 178 188 -5%

Top 10 Sells in MidcapMarket Value(crs) Shares(lakhs)

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Source: ACE MF, ICICI. Direct Research. Note: Largecaps/Midcaps/Smallcaps as defined by AMFI

Top buy/sell across AMCs: Smallcap

Among the stocks in smallcaps which saw selling by

AMCs were Reliance Infrastructure, Mahindra Logistics,

Network 18, Capacite Infraprojects and Shankara

Building Projects Ltd.

In Small caps, stocks like Rites, Adani Enterprise,

Apcotex Industries, Fine Organic and Adani Power

witnessed highest buying during the month of July 2018


Rites Ltd. 296 31 118.7 17.0 598%

Adani Enterprises Ltd. 342 50 175.0 44.0 298%

Apcotex Industries Ltd. 2 1 0.3 0.1 165%

Fine Organic Industries Ltd. 378 154 45.7 19.6 133%

Adani Power Ltd. 243 59 774.9 362.9 114%

India Nippon Electricals Ltd. 5 2 0.9 0.5 84%

Reliance Communications Ltd. 33 17 226.8 125.2 81%

Amrutanjan Health Care Ltd. 36 21 13.0 7.5 73%

GPT Infraprojects Ltd. 15 11 9.9 7.6 30%

Dwarikesh Sugar Industries Ltd. 8 5 41.3 32.1 29%

Top 10 Buys in SmallcapMarket Value(crs) Shares(lakhs)


Reliance Infrastructure Ltd. 247 268 62 68 -9.5%

Mahindra Logistics Ltd. 325 343 56 62 -9.0%

Network 18 Media & Investment Ltd. 67 72 153 168 -8.9%

Capacite Infraprojects Ltd. 78 88 30 33 -8.4%

Shankara Building Products Ltd. 194 200 12 13 -8.2%

Polyplex Corporation Ltd. 63 66 14 15 -7.6%

Mcleod Russel India Ltd. 166 202 125 135 -7.4%

Minda Industries Ltd. 550 619 136 147 -7.4%

GMR Infrastructure Ltd. 312 290 1756 1893 -7.3%

L&T Technology Services Ltd. 126 113 9 9 -7.2%

Top 10 Sells in SmallcapMarket Value(crs) Shares(lakhs)

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Source: ACE MF, ICICI Direct Research

AMC wise: Top Buys and Top Holdings

Jul-18 Jun-18 Jul-18 Jun-18 %Change Jul-18 Jun-18 Jul-18 Jun-18 %Change

Adani Enterprises Ltd. 5 1 2.5 0.6 294% Infosys Ltd. 8767 8167 642 625 3%

Biocon Ltd. 13 4 2.2 0.7 224% ICICI Bank Ltd. 8333 7478 2739 2715 1%

Indoco Remedies Ltd. 29 11 14.4 5.9 144% State Bank Of India 8142 7264 2774 2801 -1%

VRL Logistics Ltd. 7 4 1.9 1.1 67% Larsen & Toubro Ltd. 7034 6851 540 537 1%

Wipro Ltd. 145 83 52.4 31.7 65% HDFC Bank Ltd. 6184 6085 284 289 -2%

Zee Entertainment Enterprises Ltd. 36 23 6.8 4.1 64% Reliance Industries Ltd. 5318 4367 448 449 0%

Kajaria Ceramics Ltd. 18 12 4.0 2.4 64% ITC Ltd. 4009 3125 1347 1174 15%

Bajaj Corp Ltd. 40 27 9.7 6.7 45% NTPC Ltd. 3686 3659 2381 2292 4%

The Karnataka Bank Ltd. 3 2 2.4 1.7 42% Housing Development Finance Corporation Ltd.3060 2922 153 153 0%

Indostar Capital Finance Ltd. 91 74 18.9 14.3 32% Power Grid Corporation Of India Ltd.2915 2978 1599 1594 0%


Sanofi India Ltd. 48 0 0.8 0.0 799960% State Bank Of India 6600 6065 2249 2339 -4%

KPR Mill Ltd. 9 0 1.3 0.0 629729% ITC Ltd. 6418 6895 2156 2591 -17%

Abbott India Ltd. 12 0 0.2 0.0 261650% NTPC Ltd. 6032 6249 3894 3915 -1%

Dishman Carbogen Amcis Ltd. 39 2 14.9 0.9 1510% ICICI Bank Ltd. 4975 4411 1635 1601 2%

The Ramco Cements Ltd. 58 11 8.0 1.6 401% Infosys Ltd. 4751 5149 348 394 -12%

Havells India Ltd. 67 12 10.5 2.3 367% Sun Pharmaceutical Industries Ltd. 4233 4244 745 753 -1%

Finolex Cables Ltd. 3 1 0.4 0.1 334% Bharti Airtel Ltd. 3857 3221 988 843 17%

Cadila Healthcare Ltd. 83 24 21.9 6.4 243% Larsen & Toubro Ltd. 3590 4206 276 330 -17%

United Breweries Ltd. 54 22 4.9 1.9 153% Oil & Natural Gas Corporation Ltd. 3398 3565 2051 2251 -9%

Cyient Ltd. 16 8 2.3 1.0 120% Power Grid Corporation Of India Ltd.2753 2979 1510 1595 -5%

Top 10 HoldingsMarket Value(crs) Shares(lakhs)

ICICI Prudential ICICI Prudential

HDFC HDFC

Top 10 Holdings


Top 10 Buys


Top 10 BuysMarket Value(crs) Shares(lakhs)

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Adani Power Ltd. 33 0 103.9 1.3 8138% State Bank Of India 5302 4581 1806 1766 2%

Manappuram Finance Ltd. 1 0 0.5 0.0 4226% HDFC Bank Ltd. 4698 4665 216 221 -3%

Rites Ltd. 123 5 49.1 2.5 1827% ICICI Bank Ltd. 3245 2950 1067 1071 0%

Mahanagar Gas Ltd. 4 0 0.4 0.0 1221% Tata Steel Ltd. 2528 2353 449 414 8%

Dalmia Bharat Ltd. 5 0 0.2 0.0 1181% Infosys Ltd. 2174 2146 159 164 -3%

NBCC (India) Ltd. 1 0 1.5 0.2 874% Tata Motors Ltd. 2145 2130 812 791 3%

PVR Ltd. 5 1 0.4 0.1 375% Larsen & Toubro Ltd. 2070 1927 159 151 5%

Eicher Motors Ltd. 67 15 0.2 0.1 351% ITC Ltd. 2068 1602 695 602 15%

Bharti Infratel Ltd. 35 8 12.1 2.8 331% Indian Oil Corporation Ltd. 1686 1509 1026 967 6%

Jubilant FoodWorks Ltd. 55 13 3.9 0.9 330% Axis Bank Ltd. 1458 1333 265 261 1%


Crompton Greaves Consumer Electricals Ltd. 41 0 17.0 0.0 337972% HDFC Bank Ltd. 11019 10526 506 499 1%

Rites Ltd. 7 0 2.8 0.1 2439% Reliance Industries Ltd. 6209 4950 524 509 3%

Godrej Consumer Products Ltd. 13 1 1.0 0.1 1705% Infosys Ltd. 5495 5073 403 388 4%

Fine Organic Industries Ltd. 138 33 16.7 4.2 300% ITC Ltd. 5455 4642 1833 1744 5%

DLF Ltd. 4 1 2.1 0.6 262% Housing Development Finance Corporation Ltd.4825 4383 242 230 5%

The Indian Hotels Company Ltd. 72 25 54.4 18.6 192% ICICI Bank Ltd. 4773 4187 1569 1520 3%

Bata India Ltd. 21 7 2.3 0.8 190% Kotak Mahindra Bank Ltd. 4527 4582 346 341 1%

Marico Ltd. 198 65 54.3 19.6 177% State Bank Of India 3972 3496 1353 1348 0%

Pfizer Ltd. 74 29 2.8 1.1 145% Larsen & Toubro Ltd. 3358 3235 258 254 2%

Adani Power Ltd. 7 2 22.6 10.8 109% Tata Consultancy Services Ltd. 3333 3177 172 172 0%

Reliance Nippon AMC Reliance Nippon AMC


SBI AMC SBI AMC




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Mindtree Ltd. 113 7 12.1 0.7 1669% HDFC Bank Ltd. 4899 4772 225 226 -1%

Reliance Infrastructure Ltd. 14 2 3.4 0.6 502% ICICI Bank Ltd. 2988 2582 982 938 5%

PC Jeweller Ltd. 11 5 12.3 3.8 222% Infosys Ltd. 2646 2529 194 193 0%

United Breweries Ltd. 50 18 4.6 1.6 188% ITC Ltd. 2459 2064 826 775 7%

NBCC (India) Ltd. 13 5 18.5 6.4 188% Maruti Suzuki India Ltd. 2433 2271 26 26 -1%

Bajaj Auto Ltd. 83 37 3.1 1.3 132% Yes Bank Ltd. 1913 1759 520 518 0%

Bank Of India 18 8 19.3 8.8 120% Larsen & Toubro Ltd. 1566 1668 120 131 -8%

RBL Bank Ltd. 422 209 73.6 37.8 95% Reliance Industries Ltd. 1426 1048 120 108 12%

Ultratech Cement Ltd. 7 3 0.2 0.1 92% Bajaj Finance Ltd. 1395 1187 52 52 0%

Ambuja Cements Ltd. 64 36 27.6 17.3 59% IndusInd Bank Ltd. 1338 1296 67 67 0%


Rallis India Ltd. 22 7 11.1 3.6 206% HDFC Bank Ltd. 3691 3583 169 170 0%

IDFC Bank Ltd. 14 6 35.5 15.9 123% Infosys Ltd. 2877 2728 211 209 1%

Shriram Transport Finance Company Ltd. 117 68 8.5 5.2 63% ICICI Bank Ltd. 2292 1937 753 703 7%

Punjab National Bank 26 16 30.5 21.5 42% ITC Ltd. 2269 1896 762 712 7%

Max Financial Services Ltd. 21 13 4.2 3.0 41% Maruti Suzuki India Ltd. 1952 1848 21 21 -2%

Petronet LNG Ltd. 100 74 43.5 33.9 28% Tata Consultancy Services Ltd. 1713 1610 88 87 1%

Satin Creditcare Network Ltd. 63 51 18.9 15.2 25% IndusInd Bank Ltd. 1659 1629 83 84 -1%

Bajaj Auto Ltd. 180 153 6.7 5.5 22% Reliance Industries Ltd. 1576 1267 133 130 2%

Oberoi Realty Ltd. 54 43 11.0 9.0 22% Housing Development Finance Corporation Ltd.1382 1233 69 65 7%

SREI Infrastructure Finance Ltd. 1 1 1.2 1.0 21% Larsen & Toubro Ltd. 1233 1158 95 91 4%

Birla Sunlife AMC Birla Sunlife AMC


UTI AMC UTI AMC




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National Aluminium Company Ltd. 111 44 180.0 68.5 163% HDFC Bank Ltd. 3874 3874 178 184 -3%

ITC Ltd. 133 66 44.8 24.8 81% Axis Bank Ltd. 2024 1960 368 384 -4%

CG Power & Industrial Solutions Ltd. 90 51 140.0 91.0 54% Infosys Ltd. 1843 1765 135 135 0%

Somany Ceramics Ltd. 169 103 30.9 20.7 49% ICICI Bank Ltd. 1745 1604 574 582 -2%

Tata Power Company Ltd. 89 60 119.5 82.2 45% Bharti Airtel Ltd. 1740 1640 445 429 4%

Tata Steel Ltd. 308 217 54.6 38.2 43% State Bank Of India 1591 1449 542 559 -3%

The Ramco Cements Ltd. 154 112 21.5 16.0 34% Kotak Mahindra Bank Ltd. 1447 1596 111 119 -7%

The Indian Hotels Company Ltd. 233 187 175.3 141.3 24% Yes Bank Ltd. 1435 1331 390 392 -1%

TI Financial Holdings Ltd. 57 46 9.1 7.4 23% Mahindra & Mahindra Ltd. 1417 1395 151 155 -3%

Vedanta Ltd. 33 29 14.8 12.3 20% Larsen & Toubro Ltd. 855 837 66 66 0%


Tata Elxsi Ltd. 20 1 1.4 0.1 2075% HDFC Bank Ltd. 3836 3675 176 174 3%

Adani Enterprises Ltd. 95 3 48.7 2.3 1998% ICICI Bank Ltd. 2147 1765 706 641 10%

Ambuja Cements Ltd. 45 3 19.6 1.6 1103% Reliance Industries Ltd. 1719 1488 145 153 22%

Pidilite Industries Ltd. 41 3 3.7 0.3 1044% Housing Development Finance Corporation Ltd.1385 1249 69 65 5%

Castrol India Ltd. 24 2 13.6 1.5 802% Larsen & Toubro Ltd. 1323 1260 102 99 2%

Muthoot Finance Ltd. 10 1 2.4 0.3 695% Infosys Ltd. 1245 1144 91 88 4%

CRISIL Ltd. 7 1 0.4 0.0 692% State Bank Of India 1204 1055 410 407 13%

AU Small Finance Bank Ltd. 389 56 60.4 8.6 603% RBL Bank Ltd. 951 852 166 154 4%

Bharti Infratel Ltd. 18 3 6.1 1.0 499% IndusInd Bank Ltd. 935 909 47 47 3%

Adani Ports and Special Economic Zone Ltd. 16 4 3.9 1.0 280% Tata Consultancy Services Ltd. 875 909 45 49 5%

Franklin Templeton AMC Franklin Templeton AMC

Shares(lakhs)

Kotak Mahindra AMC Kotak Mahindra AMC




Top 10 HoldingsMarket Value(crs)

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Axis Bank Ltd. 124 550 22.5 0.5 4564% HDFC Bank Ltd. 2235 2189 103 104 -1%

Amrutanjan Health Care Ltd. 17 271 6.1 0.6 913% ICICI Bank Ltd. 1528 1316 502 478 5%

GMR Infrastructure Ltd. 23 18 130.5 29.7 339% Maruti Suzuki India Ltd. 1053 973 11 11 0%

Emami Ltd. 198 591 33.5 9.9 237% Bajaj Finance Ltd. 932 1008 35 44 -21%

Bank Of India 6 94 6.7 2.2 203% Larsen & Toubro Ltd. 930 945 71 74 -4%

Equitas Holdings Ltd. 11 140 7.6 3.4 125% Reliance Industries Ltd. 840 688 71 71 0%

Adani Power Ltd. 38 31 122.8 54.8 124% Yes Bank Ltd. 746 757 203 223 -9%

ACC Ltd. 9 1527 0.6 0.3 119% Tata Steel Ltd. 673 681 120 120 0%

PC Jeweller Ltd. 15 91 16.2 8.9 82% Housing Development Finance Corporation Ltd.619 556 31 29 6%

Tech Mahindra Ltd. 103 680 15.1 8.4 81% State Bank Of India 607 477 207 184 12%


Lupin Ltd. 3 0 0.4 0.0 9235% HDFC Bank Ltd. 3043 2910 140 138 1%

Coal India Ltd. 1 0 0.4 0.0 2028% Tata Consultancy Services Ltd. 2318 2266 119 123 -3%

GAIL (India) Ltd. 1 0 0.3 0.0 1918% Kotak Mahindra Bank Ltd. 2288 2230 175 166 5%

Bajaj Auto Ltd. 20 2 0.7 0.1 1119% Housing Development Finance Corporation Ltd.2217 1845 111 97 15%

Varroc Engineering Ltd. 376 36 37.3 3.7 896% Bajaj Finance Ltd. 2131 1828 79 80 -1%

Bharat Forge Ltd. 3 1 0.4 0.1 218% Maruti Suzuki India Ltd. 1872 1589 20 18 9%

Zee Entertainment Enterprises Ltd. 5 3 0.9 0.5 93% Pidilite Industries Ltd. 1380 1264 123 119 3%

ICICI Bank Ltd. 51 24 16.8 8.8 91% Bandhan Bank Ltd. 1367 980 195 186 5%

Infibeam Avenues Ltd. 167 80 93.0 52.0 79% Gruh Finance Ltd. 1193 1122 369 369 0%

Torrent Pharmaceuticals Ltd. 37 20 2.4 1.4 73% Avenue Supermarts Ltd. 1152 1068 70 72 -3%

DSP AMC DSP AMC



Axis AMC Axis AMC



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Pankaj Pandey Head – Research [email protected]

ICICI Direct Research Desk,

ICICI Securities Limited,

1st

Floor, Akruti Trade Centre,

Road no.7, MIDC

Andheri (East)

Mumbai – 400 093

[email protected]

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Disclaimer


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equity aum at all time high at mutual fund...

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