MF industry’s top 20 fund houses have Rs 9.70 lakh crore in equities, says a report by Motilal Oswal Financial Services. (Equity exposure includes equity component of balanced and other schemes.)
Drilling further, the report shows that the total equity value of the top 20 fund houses decreased 1.6% (month on month) in May 2020, as against the Nifty’s decline of 2.8%.
Among all the fund houses, SBI MF has the highest exposure to equities at Rs 1.70 lakh crore in May. Next in the list are HDFC MF with Rs 1.19 lakh crore, ICICI Prudential MF at Rs 1.17 lakh crore, Nippon India MF at Rs 80,500 crore and UTI MF at Rs 66,900 crore.
Apart from the top 5 fund houses, 3 other fund houses - Aditya Birla Sun Life, Axis and Kotak - have more than Rs 50,000 crore assets in equities. ABSL MF’s holding in equities stood at Rs 66,400 crore, Axis MF’s at Rs 58,300 crore and Kotak MF’s at 58,200 crore.
Among the top 10 funds, the highest decrease was seen in HDFC MF at -3.6%, Nippon India MF at -3.6%, Franklin Templeton MF at -2.4%, SBI MF at -2.2% and Axis MF at -1.9%.
|
Fund house |
Equity exposure value (Rs cr) |
MOM Change in May (%) |
|
SBI |
170,800 |
-2.2 |
|
HDFC |
119,400 |
-3.6 |
|
ICICI Pru |
117,200 |
0.2 |
|
Nippon India |
80,500 |
-3.6 |
|
UTI |
66,900 |
-0.6 |
|
Aditya Birla Sun Life |
66,400 |
-1.1 |
|
Axis |
58,300 |
-1.9 |
|
Kotak |
58,200 |
-0.8 |
|
Franklin Templeton |
36,800 |
-2.4 |
|
Mirae Asset |
34,600 |
-0.7 |
|
DSP |
32,600 |
-1.2 |
|
L&T |
28,700 |
-1.5 |
|
Tata |
20,400 |
0.4 |
|
IDFC |
19,000 |
4.6 |
|
Sundaram |
15,500 |
-1.4 |
|
Motilal Oswal |
15,200 |
-2.8 |
|
Invesco |
10,800 |
-0.5 |
|
Canara Robeco |
10,600 |
-1.1 |
|
Principal |
4,500 |
-3.9 |
|
BNP Paribas |
3,600 |
-1.7 |
|
Total |
970,000 |
-1.6 |
