SBI MF and HDFC MF have the highest equity AUM in B30 cities

In terms of managing equity assets in B30 cities, SBI MF has emerged as the top fund house with an average equity AUM of Rs 35,566 crore in March.

The fund house has benefitted from SBI’s strong banking channel in B30 cities. Data shows that nearly Rs 20,000 crore of equity AAUM has come through associate distributors in B30 cities, while Rs 12,502 crore came through non-associate distribution route. Associate distributors are those distributors who share parentage with the AMCs.

HDFC MF is the second largest fund house in this space with an equity AAUM of Rs 33,101 crore. Next in the list is ICICI Prudential MF with an equity AAUM of Rs 27,854 crore.

Other fund houses in the top five include Aditya Birla Sun Life MF and Nippon India MF. While ABSL MF’s equity AAUM in B30 cities stands at Rs 20,644 crore, Nippon India MF’s is at Rs 20,475 crore.

Highlights

• In percentage terms, at nearly 42%, UTI MF has the highest equity AAUM from B30 locations among the top 10 fund houses
• In percentage terms among the top 20 fund houses, Baroda MF has the highest equity AAUM at around 47%from B30 cities
• LIC MF is another fund house that relies considerably on B30 cities.  Nearly 41% of its total equity assets comes from B30 cities
• Of the top 21, five fund houses - Baroda, UTI, LIC, SBI and Sundaram - have more than 30% of their total AAUM in B30 cities
• As many as 20 fund houses have more than Rs 1,000 crore of equity AAUM in B30 cities

Note - Equity assets as on March 31