SBI MF is the largest fund house in terms of the total equity value as of October 2019, shows a recent Motilal Oswal report titled ‘Fund Folio: Indian Mutual Fund Tracker’.
For calculation of the total equities value, the report has considered equity exposure of all growth option schemes of the fund house including hybrid schemes and solution-oriented schemes. Simply put, the report has considered equity exposure of hybrid funds such as MIPs (which is not considered as equity funds for tax purposes) to arrive at equities managed.
In the last one-year period ending October 2019, many fund houses have recorded a sharp growth in their equity value, says the report.
Among the top 10 fund houses, the highest month on month increase was seen in ICICI Prudential Mutual Fund (+6.2%), Axis Mutual Fund (+6.1%), DSP Mutual Fund (+5.6%), Kotak Mahindra Mutual Fund (+4.7%) and SBI Mutual Fund (+4.3%).
Overall, on a month-on-month basis the top 20 fund houses saw a 4.4% increase in their equity value against Nifty’s performance of 3.5% in October 2019, noted the report.
