An analysis of quarterly AUM of 39 fund houses shows that HDFC MF, ICICI Prudential MF and Reliance MF are the top three fund houses in terms of equity AAUM.
While HDFC MF boasts a market share of 15% with equity AUM of Rs.1.58 lakh crore, ICICI Prudential MF has 14% share with equity AUM of Rs.1.46 lakh crore and Reliance MF 9% with equity AUM of 91,354 crore, as on March 2019. Equity AAUM includes equity funds, ELSS and balanced funds.
Even in FY 2017-18, these three fund houses topped the list in terms of equity AAUM. However, there has been a change in the fourth and fifth positions from the last financial year. SBI MF with 8.8% market share and equity AUM of Rs.90,268 crore has now become the fourth largest AMC in terms of equity AAUM. It replaced Aditya Birla Sun Life MF that has 8.7% market share and equity AUM of Rs.89,062 crore as on March 2019. ABSL MF slipped into the fifth spot primarily due to outflow from its balanced funds.
Among the top ten fund houses in terms of equity assets, SBI MF was the major gainer last fiscal in absolute terms. The fund house added Rs.16,123 crore to its equity AUM kitty in the last one year ending in March. Axis MF and Kotak MF followed SBI MF in terms of growth in equity AUM in absolute terms.
Overall, the top ten fund houses account for 80% of the total equity AUM.
Further, if we look at the top 15 fund houses in terms of equity assets, Tata MF replaced Motilal Oswal MF to make to the top 15.
Ranking of fund houses in terms of equity AUM
|
Sr. No |
Fund House |
Equity AAUM for Jan-Mar 2019 (in crore) |
Market share |
|
1 |
HDFC |
1,58,388.67 |
15.4% |
|
2 |
ICICI Prudential |
1,46,650.76 |
14.3% |
|
3 |
Reliance |
91,354.42 |
8.9% |
|
4 |
SBI |
90,268.27 |
8.8% |
|
5 |
Aditya Birla Sun Life |
89,062.23 |
8.7% |
|
6 |
Franklin Templeton |
52,701.10 |
5.1% |
|
7 |
Kotak Mahindra |
52,120.64 |
5.1% |
|
8 |
UTI |
47,433.27 |
4.6% |
|
9 |
Axis |
46,674.72 |
4.5% |
|
10 |
L&T |
39,740.39 |
3.9% |
|
11 |
DSP |
34,713.30 |
3.4% |
|
12 |
Sundaram |
31,389.99 |
3.1% |
|
13 |
Tata |
22,716.12 |
2.2% |
|
14 |
IDFC |
21,993.55 |
2.1% |
|
15 |
Mirae Asset |
21,106.66 |
2.1% |
|
16 |
Motilal Oswal |
18,474.43 |
1.8% |
|
17 |
Canara Robeco |
8,629.27 |
0.8% |
|
18 |
Invesco |
8,488.84 |
0.8% |
|
19 |
Edelweiss |
6,400.65 |
0.6% |
|
20 |
Principal |
5,980.72 |
0.6% |
|
21 |
JM Financial |
5,659.11 |
0.6% |
|
22 |
BNP Paribas |
4,245.72 |
0.4% |
|
23 |
IDBI |
3,079.67 |
0.3% |
|
24 |
HSBC |
2,866.99 |
0.3% |
|
25 |
Union |
2,093.58 |
0.2% |
|
26 |
Baroda |
2,048.74 |
0.2% |
|
27 |
LIC |
2,047.88 |
0.2% |
|
28 |
BOI AXA |
1,772.56 |
0.2% |
|
29 |
DHFL Pramerica |
1,595.80 |
0.2% |
|
30 |
PPFAS |
1,586.90 |
0.2% |
|
31 |
Mahindra |
1,405.25 |
0.1% |
|
32 |
Quantum |
996.63 |
0.1% |
|
33 |
Essel |
752.01 |
0.1% |
|
34 |
IIFL |
633.06 |
0.1% |
|
35 |
Indiabulls |
587.15 |
0.1% |
|
36 |
Taurus |
394.70 |
0.04% |
|
37 |
Shriram |
123.73 |
0.01% |
|
38 |
Quant |
42.13 |
0.004% |
|
39 |
YES |
|
0.00% |
|
|
Total |
10,26,219.57 |
|
