Asset Management

Abstract

Every mutual fund organization must have an asset management company (AMC), which plays a vital role in market fluctuations. The assets accumulated by mutual fund organizations are looked after by the AMC. The assets have to be deployed in the market to gain returns that are passed on to the investors as competition in the industry stiffens. There is huge pressure on the fund managers to beat competitors and their benchmarks. Managing all this is a huge workload for a fund manager.

Appendices

Appendix 1 Management of HDFC Asset Management Company Limited

Analyst	Sector
Dhawal Metha	Metals, Media and Hotels
E A Sundaram	FMCG, Retail
Pankaj Chopra	Sugar
Prashant Jain	Banking
Rajesh Pherwani	Oil, Gas, Chemicals and Fertilizers
Shiv Diwan	Cements, Textiles and Ceramics
Srinivas Rao	Capital Goods, Auto and Ancilliaries
Tushar Pradhan	IT and Telecom

Appendix 2 Equity Circle: Equity Investment Process of SCMF

Appendix 3 Emerging Markets: Mutual Funds

(Billions of US dollars)
Net flows						2014	2014	2014	2014
		2011	2012	2013	2014	Q1	Q2	Q3	Q4
Bonds		15.9	58.8	−25.2	−11.7	−18.4	12.4	1.5	−7.2
	Global	13.6	47.1	−19.5	−6.3	−14.8	15.9	2.5	−9.9
	Asia	2.6	0.8	−2.5	0.2	−2.7	−0.8	0.3	3.4
	Europe/Middle East/Africa	−1	−0.4	0.5	−1.1	−0.2	−0.1	−0.4	−0.3
	Latin America	0.8	0.7	−3.7	−4.5	−0.6	−2.5	−1	−0.4
Equities		−46.2	52.3	−26.7	−28.5	−42.9	13.4	26.3	−25.3
	Global	−4.6	50.3	10.1	−8.9	−21.9	16.1	13.4	−16.4
	Asia	−23.7	5.7	−17.2	−6.1	−15.3	−1.4	14.9	−4.3
	Europe/Middle East/Africa	−7	−2.2	−7.7	−5.7	−1.9	−0.6	−1.2	−1.9
	Latin America	−10.9	−1.6	−11.9	−7.9	−3.7	−0.7	−0.9	−2.6
Net asset values						2014	2014	2014	2014
		2011	2012	2013	2014	Q1	Q2	Q3	Q4
Bonds		183.3	301.8	326.2	362.7	319.6	348.5	364	362.7
	Global	157.3	264.7	265.5	258.4	260.3	288.5	278.8	258.4
	Asia	20	28.7	30.3	80.6	28.7	30.5	59	80.6
	Europe/Middle East/Africa	3	4.5	6	5	6.1	6.3	5.5	5
	Latin America	2.9	4	24.5	18.7	24.4	23.2	20.8	18.7
Equities		774.1	1,016.90	1,071.20	1,130.80	1,027.40	1,117.80	1,159.50	1,130.80
	Global	416.4	562.4	580.1	569.7	559.3	618.6	607.8	569.7
	Asia	262.6	343.9	385.1	481	369.9	394.9	456.5	481
	Europe/Middle East/Africa	40.1	52.2	55.3	43.1	52.1	55.2	49.8	43.1
	Latin America	55	58.4	50.7	37	46.1	49.1	45.4	37

1. Source: International Monetary fund, April, 2015

Appendix 4 List of the Asset Management Companies, India

Name of the AMC	Nature of ownership
Alliance Capital Asset Management (I) Private Limited	Private foreign
Birla Sun Life Asset Management Company Limited	Private Indian
Bank of Baroda Asset Management Company Limited	Banks
Bank of India Asset Management Company Limited	Banks
Canbank Investment Management Services Limited	Banks
Cholamandalam Cazenove Asset Management Company Limited	Private foreign
Dundee Asset Management Company Limited	Private foreign
DSP Merrill Lynch Asset Management Company Limited	Private foreign
Escorts Asset Management Limited	Private Indian
First India Asset Management Limited	Private Indian
GIC Asset Management Company Limited	Institutions
IDBI Investment Management Company Limited	Institutions
Indfund Management Limited	Banks
ING Investment Asset Management Company Private Limited	Private foreign
J M Capital Management Limited	Private Indian
Jardine Fleming (I) Asset Management Limited	Private foreign
Kotak Mahindra Asset Management Company Limited	Private Indian
Kothari Pioneer Asset Management Company Limited	Private Indian
Jeevan Bima Sahayog Asset Management Company Limited	Institutions
Morgan Stanley Asset Management Company Private Limited	Private foreign
Punjab National Bank Asset Management Company Limited	Banks
Reliance Capital Asset Management Company Limited	Private Indian
State Bank of India Funds Management Limited	Banks
Shriram Asset Management Company Limited	Private Indian
Sun F and C Asset Management (I) Private Limited	Private foreign
Sundaram Newton Asset Management Company Limited	Private foreign
Tata Asset Management Company Limited	Private Indian
Credit Capital Asset Management Company Limited	Private Indian
Templeton Asset Management (India) Private Limited	Private foreign
Unit Trust of India	Institutions
Zurich Asset Management Company (I) Limited	Private foreign