SBI, Axis, Kotak, Edelweiss and Mirae grew the fastest in 2020

SBI, Axis, Kotak, Edelweiss and Mirae Asset have emerged as the top five fund houses to log the highest growth in assets during 2020.

SBI MF topped the table as its AAUM rose by 29% or Rs 1.03 lakh crore during 2020. It was largely because of the contribution from actively managed equity funds along with the consistent inflows to ETFs where Employees' Provident Fund Organisation (EPFO) is a major contributor. Next in the list is Axis MF with 44% or Rs 54,606 crore rise in its AUM over the last year.

Kotak MF, Edelweiss MF and Mirae Asset MF follow in the list at 3rd, 4th and 5th spot. Kotak MF witnessed Rs 39,267 crore increase in AAUM, Edelweiss MF Rs 29,009 crore and Mirae Asset MF Rs 18,721 crore. Asset growth of Kotak MF and Mirae Asset MF was also driven by inflows to their equity funds and their performance, while Edelweiss saw considerable inflows to the Bharat Bonds ETF.  

In percentage terms, ITI MF witnessed the highest growth in AAUM at 396% followed by Edelweiss MF at 234% and PPFAS MF at 139%.

SBI MF, HDFC MF and ICICI Prudential MF are the top three fund houses in terms of AUM. SBI MF’s AAUM in Oct-Dec 2020 stood at Rs 4.56 lakh crore, HDFC MF’s at Rs 3.89 lakh crore and ICICI Prudential MF’s at Rs 3.80 lakh crore.    

Overall, 27 fund houses witnessed an increase in the assets during 2020 while 14 fund houses saw a decline in their AAUM. 

Ranked in order of change in absolute terms in Rs. crore