India’s MF industry has a new leader in terms of AUM. February data shows that SBI MF has the highest average AUM at Rs 3.89 lakh crore, while HDFC MF’s average AUM stood at Rs 3.84 lakh crore.
In January, HDFC MF was at the top with average AUM at Rs 3.88 lakh crore, while SBI MF’s average AUM was Rs. 3.83 lakh crore.
While HDFC MF has a larger AUM in categories such as income / debt oriented schemes, growth / equity oriented schemes and balanced schemes, flows from the government run EPFO to SBI MF’s ETF have made SBI MF the no.1 fund house.
AAUM of SBI MF’s ETF category stood at Rs 96,616 crore, while for HDFC MF the number stood at Rs 1,169 crore.
Currently, SBI MF along with UTI MF manages inflows from EPFO.
|
Scheme |
Average AUM as on Feb 2020 (in Rs crore) |
|
|
SBI MF |
HDFC MF |
|
|
Income / Debt Oriented Schemes |
1,79,760 |
2,06,501 |
|
Growth / Equity Oriented Schemes |
79,040 |
1,09,183 |
|
Balanced schemes |
33,234 |
67,278 |
|
Exchange Traded Fund |
96,616 |
1,169 |
