Mutual fund investors put a lot of emphasis on the size and brand name of the fund house. This is evident from the top list of AMCs released by AMFI. Except for one change, the list comprises the same fund houses that made up the list three years back in March 2018.
IDFC Mutual Fund is the only addition to the latest rankings as compared to the 2018 list. Franklin Templeton MF is the one that has been pushed out. The AMC now occupies the 11th spot, three places down from the 2018 position.
The other AMCs in the list might have remained the same but their positions have shuffled a bit. SBI MF, the top ranked AMC, is the biggest gainer. It was at the fifth position three years back. Other winners include Kotak Mahindra MF (up two spots at fifth) and Axis MF (up three spots at seven).
HDFC MF held on to its second spot. ICICI Prudential MF, Nippon India MF and UTI MF slipped two spots each and are now placed at third, sixth and eight positions respectively.
Aditya Birla Sun Life MF (rank four) and DSP MF (rank 10) were down one spot.
On the AUM front, the biggest gainer was Axis MF with 154% rise as compared to the 2018 AUM. With 132% rise, SBI MF was the other big gainer.
As of now, SBI MF has a comfortable lead over the second ranked HDFC MF. While the former has an AUM of Rs 5.04 trillion, the latter is managing assets worth Rs 4.15 trillion.
