Average Assets Under Management as of September 2010

Indian equity markets ended in the green with extraordinary gains for the month of September, 2010. The
country’s industrial output beat street expectations by a huge margin in July. Industrial production expanded
by 13.8 per cent during the month, compared with 5.8 per cent growth in June, as per the data released by
the government. FIIs have been net buyers of about Rs 24,978.4 crores in equity, while mutual funds have
been the net sellers in equity of Rs 7,236 crores in the month of September 2010.

Even the debt market was in line with the trend over the previous month, bond yields continued to remain
erratic during September, 2010. FIIs and Mutual funds were the net buyers during the month. The key
developments during the month included a 25-50 basis point increase in key interest rates, a marginal drop
in government borrowing as well as an increase in the limit of foreign investment in government and
corporate bonds.

AAUM Movement
120000
AAUM (Rs. cr)

100000
80000
60000
40000
20000
0
Reliance

UTI

Sundaram

Religare

Fidelity
HDFC

DSP BR

IDFC
Tata
SBI

LIC
Franklin
ICICI

Birla

Kotak

AMC
Sep-10 Aug-10

As per the data released by the Association of Mutual Funds in India (AMFI), the combined average AUM
of the 41 fund houses in the country increased to Rs. 715466.98 crores in September, 2010, witnessing a
growth of 4.06 per cent compared to Rs. 687559.54 crores in August, 2010.

Reliance Mutual Fund AAUM increased for a consecutive month and currently stood at Rs 1, 07,748.54
crores. Out of the 41 mutual funds, 13 mutual funds registered fall in AAUM in September, 2010. All top 10
fund houses registered a gain in the current month. Among the top 5 AMC in terms of total AAUM, ICICI
Mutual Fund had the lowest percentage growth of only 1.39 per cent to Rs 69,754.78 crores while UTI
Mutual Fund managed to top by growing at 5.36 per cent.

The fund houses which have experienced the maximum gain in their AAUM are Pramerica Mutual Fund,
Peerless Mutual Fund, Axis Mutual Fund, DSP BlackRock Mutual Fund and Fortis Mutual Fund, the
growth experienced by them were above 10 per cent compared to last month.