The MF industry has witnessed 22% CAGR growth over the last 10 years in terms of AUM growth i.e. from Rs.6.80 lakh crore in December 2010 to Rs.31 lakh crore in December 2020, said a report released by Invest Yadnya.
Invest Yadnya is a Pune based financial education and research company. It has analysed the growth of the MF industry between December 2010 and December 2020.
Fund house ranking
- In 10 years, SBI MF jumped from sixth position in 2011 to become the largest fund house in India in 2020
- HDFC MF and ICICI MF maintained their second and third position while their AUM grew by CAGR of 16% and 19%, respectively
- Fund houses, which saw decline in ranking were Nippon India MF, UTI MF and DSP MF.
- In percentage terms, Edelweiss MF and Mirae MF saw highest growth in AUM with CAGR of 71% and 68%, respectively
Geographical allocation in AUM
- Mumbai remained the highest contributor to Indian MF industry. However, its proportion to the total AUM reduced from 48.65% in 2011 to 34.97% in 2020 due to increase in overall pie
Delhi maintained second position during the decade
Top 10 AUM funds
- 5 out of 10 high AUM funds were liquid funds, majorly because companies park their funds in liquid category
- As on December 2020, HDFC Liquid Fund was the fund with highest AUM fund followed by SBI Liquid Fund and ICICI Prudential Liquid Fund
- Kotak Standard Multicap Fund was the only equity fund in the list of top 10 funds based on AUM
Top 10 equity funds based on size
- Kotak Standard Multicap Fund and Axis Long Term Equity Fund were the top 2 funds with highest AUM. Both funds saw assets grow by over 75% in 10 years
- HDFC MF and Axis MF have more than one fund in the top 10 list by size
- HDFC MF has three funds in the top 10 list - HDFC Mid-Cap Opportunities Fund (Rs.24,714 crore AUM), HDFC Equity Fund (Rs.21,781 crore AUM) and HDFC Top 100 Fund (Rs.18,274 crore). The AUM mentioned were as on December 2020
- Axis MF has two funds- Axis Long Term Equity Fund (Rs.27,181 crore) and Axis Bluechip Fund (Rs.22,517 crore)
Top 10 AUM debt funds based on size
- The top 5 funds in AUM terms belong to liquid category and the top 3 funds belong to the top 3 fund houses
- Apart from liquid funds, HDFC Corporate Bond Fund witnessed tremendous growth of 126% in AUM
- HDFC MF and ICICI Prudential MF have more than one fund in the top 10 list
- HDFC MF has three funds- HDFC Liquid Fund (Rs.68,508 crore AUM), HDFC Corp Bond Fund (Rs.29,220 crore AUM) and HDFC Low Duration Fund (Rs.25,421 crore AUM)
- ICICI Prudential MF has two funds- ICICI Pru Liquid Fund (Rs.42,177 crore AUM) and ICICI Pru Savings Fund (Rs.29,895 crore AUM)
Top 10 performers
|
Scheme Name |
10 year CAGR |
|
Mirae Asset Emerging Bluechip |
20.20% |
|
SBI Small Cap Fund |
18.90% |
|
Canara Rob Emerg Equities Fund |
17.60% |
|
Nippon India Small Cap Fund |
17.20% |
|
ICICI Pru Technology Fund |
17.10% |
|
Axis Long Term Equity Fund |
16.40% |
|
Nippon India Pharma Fund |
15.90% |
|
SBI Healthcare Opp Fund |
15.60% |
|
Invesco India Midcap Fund |
15.40% |
|
DSP Small Cap Fund |
15.30% |
Top 10 wealth creators- overall
|
Scheme Name |
Category |
Total amount invested |
Value as on Dec 31, 2020 |
Wealth created |
SIP returns* |
|
SBI Small Cap Fund |
Small cap Fund |
12,00,000 |
39,25,193 |
27,25,193 |
22.40% |
|
Mirae Asset Emerging Bluechip |
Large & Mid Cap |
12,00,000 |
38,07,594 |
26,07,594 |
21.80% |
|
ICICI Pru Technology Fund |
Technology |
12,00,000 |
36,90,379 |
24,90,379 |
21.30% |
|
Aditya Birla SL Digital India Fund |
Thematic Fund |
12,00,000 |
34,58,317 |
22,58,317 |
20.10% |
|
Canara Rob Emerg Equities Fund |
Large & Mid Cap |
12,00,000 |
33,76,518 |
21,76,518 |
19.60% |
|
Nippon India Small Cap Fund |
Small cap Fund |
12,00,000 |
33,62,877 |
21,62,877 |
19.60% |
|
Franklin India Technology Fund |
Technology |
12,00,000 |
31,37,220 |
19,37,220 |
18.30% |
|
Axis Long Term Equity Fund |
ELSS |
12,00,000 |
30,83,529 |
18,83,529 |
17.90% |
|
Principal Emerging Bluechip Fund |
Large & Mid Cap |
12,00,000 |
30,76,767 |
18,76,767 |
17.90% |
|
Quant Active Fund |
Multi Cap Fund |
12,00,000 |
30,64,105 |
18,64,105 |
17.80% |
*10 year SIP returns are calculated considering a monthly investment of Rs.10,000
