ICICI Prudential Mutual Fund has the highest equity AUM as on March 2018. The fund house manages a quarterly AUM of Rs.1.14 lakh crore in equity funds as on March 2018, shows the data collated from AMC websites.
We have included pure equity funds and ELSS in equity funds and excluded balanced funds and equity ETFs as not all AMCs offer these products.
Of the total quarterly AUM of Rs.3.05 lakh crore, ICICI Prudential MF manages 37% of the assets in equity funds. If we include balanced funds, then the fund house manages assets worth Rs.1.42 crore.
HDFC Mutual Fund was at the second position with equity AUM of Rs.94,549 crore. However, if we include balanced funds, HDFC Mutual Fund has the largest equity AUM. The fund house manages Rs.1.55 lakh crore equity AUM as on March 2018.
Reliance Mutual Fund followed HDFC MF with the total equity AUM of the fund house of Rs.75,000 crore as on March 2018. The fund house manages Rs.12,141 crore in the balanced fund category.
Surprisingly, L&T MF, the 12th largest fund house in terms of AUM, has overtaken some of the large fund houses such as DSP Blackrock Mutual Fund, Axis Mutual Fund and IDFC Mutual Fund in terms of equity AUM. The fund house manages an equity AUM of Rs.35,207 crore, recording a healthy growth of 53% compared to the preceding fiscal.
Overall, the total equity AUM of the top 20 fund houses stood at Rs.7.47 lakh crore as on March 2018. This shows that these 20 fund houses account for nearly 97% of the total equity AUM of the industry, i.e. Rs.7.72 lakh crore in March 2018.
Equity AUM of top 20 fund houses
Fund house | Equity | ELSS | Equity +ELSS | Balanced |
ICICI Prudential | 1,09,409.24 | 5,090.18 | 1,14,499.42 | 27,451.61 |
HDFC | 85,866.89 | 8,682.12 | 94,549.01 | 60,423.21 |
Reliance | 64,432.61 | 10,568.02 | 75,000.63 | 12,141.99 |
Aditya Birla | 63,546.16 | 5,715.69 | 69,261.86 | 17,188.24 |
SBI | 45,925.65 | 7,243.84 | 53,169.49 | 20,975.08 |
Franklin Templeton | 48,627.07 | 3,475.89 | 52,102.96 | 2,138.56 |
Kotak | 42,030.19 | 724.96 | 42,755.14 | 2,266.42 |
UTI | 36,502.57 | 4,061.79 | 40,564.36 | 5,444.42 |
L&T | 32,183.12 | 3,023.61 | 35,206.73 | --- |
DSP | 30,735.28 | 3,925.96 | 34,661.23 | 6,935.01 |
Axis | 16,959.59 | 16,115.53 | 33,075.12 | 669.81 |
IDFC | 17,615.17 | 1,054.14 | 18,669.32 | 1,269.01 |
Sundaram | 14,976.14 | 2,991.36 | 17,967.50 | 864.97 |
Motilal Oswal | 15,770.31 | 848.80 | 16,619.11 | -- |
Mirae Asset | 13,123.38 | 850.49 | 13,973.87 | -- |
Tata | 9,399.84 | 1,201.70 | 10,601.54 | 5,846.98 |
Edelweiss | 8,071.31 | 87.83 | 8,159.14 | -- |
JM Financial | 6,480.63 | 32.50 | 6,513.14 | 4,799.93 |
Canara Robeco | 4,528.48 | 866.36 | 5,394.84 | 1,529.53 |
Invesco | 3,799.99 | 508.69 | 4,308.68 | |
BNP Paribas | 3,560.72 | 577.73 | 4,138.46 | 434.25 |
PRINCIPAL | 2,988.75 | 707.33 | 3,696.09 | 1,026.52 |
DHFL | 2,402.92 | 259.71 | 2,662.63 | -- |
IDBI | 1,922.55 | 665.02 | 2,587.57 | 453.00 |
HSBC | 2,155.67 | 182.83 | 2,338.50 | -- |
Indiabulls | 1,627.33 | 66.67 | 1,694.00 | -- |
Union | 1,430.69 | 203.51 | 1,634.20 | 50.70 |
LIC | 1,093.24 | 411.10 | 1,504.33 | 328.63 |
Mahindra | 786.26 | 277.22 | 1,063.48 | -- |
PPFAS | 1,010.38 | - | 1,010.38 | -- |
Baroda Pioneer | 745.21 | 130.65 | 875.86 | 592.00 |
BOI AXA | 516.90 | 143.87 | 660.77 | 301.53 |
Taurus | 411.43 | - | 411.43 | 52.74 |
Essel | 331.64 | 41.73 | 373.37 | -- |
IIFL | 312.82 | - | 312.82 | -- |
Quantum | 866.25 | 68.23 | 934.47 | -- |
Escorts | 52.68 | 7.64 | 60.33 | 10.04 |
Total | 6,92,199.05 | 80,812.71 | 7,73,011.78 | 1,73,194.16 |
Source: Company disclosure