SBI Mutual Fund, HDFC Mutual Fund and ICICI Prudential are the top three fund houses in terms of B30 penetration as on March 2021, shows an analysis of the monthly average assets under management (AAUM) disclosure of the top 25 fund houses.
With assets of Rs.1.12 lakh crore, SBI MF has the highest penetration in B30 cities in absolute terms. The report shows that 22% of its total assets was in B30 location.
HDFC MF and ICICI Pru MF followed SBI MF with assets of Rs. 61,100 crore, and Rs. 57,300 crore, respectively. Aditya Birla Sun Life MF and UTI MF occupied the fourth and fifth positions with average AUM of Rs. 43,700 crore and Rs. 43,300 crore, respectively.
Nippon India MF (Rs. 41,200 crore), Axis MF (Rs. 35,700 crore), Kotak Mahindra (Rs. 21,000 crore), DSP MF (Rs. 13,300 crore) and Franklin Templeton MF (Rs. 13,000 crore) occupied the next five spots.
In percentage of assets from B30 location, UTI MF has the highest penetration among top ten fund houses with 23% of its assets coming from small cities and towns.
Overall, Sundaram MF has the highest percentage of its assets in B30 location with 26% of its assets coming from such locations. Canara MF and Baroda MF followed Sundaram with B30 penetration of 25% and 24% of their total assets, respectively.
B30 AAUM comprises equity, debt, balanced schemes, exchange traded fund (gold & others), and fund of funds investing overseas. It takes into account contribution through direct plan, associate distributors, and non - associate distributors. And, is a total of contribution of sponsor and its associates and contribution of other than sponsor and its associates.
Here is the list of the 25 fund houses with B30 assets.
|
Sr No |
Fund house |
Monthly AAUM Mar 21 |
Total B30 AAUM Mar 21 |
Total B30 as a % of monthly AAUM |
Equity B30 AAUM Mar 21 |
Equity B30 as a % of Total B30 |
Debt B30 AAUM Mar 21 |
Debt B30 as a % of Total B30 |
|
1 |
SBI Mutual Fund |
5,06,012.85 |
1,11,881.87 |
22.11% |
35,609.91 |
31.83% |
56,083.33 |
50.13% |
|
2 |
HDFC Mutual Fund |
4,09,807.22 |
61,133.94 |
14.92% |
27,495.09 |
44.98% |
15,575.06 |
25.48% |
|
3 |
ICICI Prudential Mutual Fund |
4,07,785.52 |
57,301.55 |
14.05% |
35,718.94 |
62.34% |
18,025.34 |
31.46% |
|
4 |
Aditya Birla Sun Life Mutual Fund |
2,71,002.61 |
43,754.49 |
16.15% |
25,372.74 |
57.99% |
15,027.00 |
34.34% |
|
5 |
Kotak Mahindra Mutual Fund |
2,33,319.40 |
20,999.11 |
9.00% |
13,316.23 |
63.41% |
7,578.69 |
36.09% |
|
6 |
Nippon India Mutual Fund |
2,30,335.51 |
41,259.64 |
17.91% |
27,908.34 |
67.64% |
9,375.24 |
22.72% |
|
7 |
Axis Mutual Fund |
1,97,184.28 |
35,702.71 |
18.11% |
28,677.19 |
80.32% |
6,086.37 |
17.05% |
|
8 |
UTI Mutual Fund |
1,85,254.18 |
43,316.43 |
23.38% |
25,397.41 |
58.63% |
15,864.16 |
36.62% |
|
9 |
IDFC Mutual Fund |
1,21,353.36 |
8,000.73 |
6.59% |
4,246.83 |
53.08% |
3,651.10 |
45.63% |
|
10 |
DSP Mutual Fund |
97,755.63 |
13,349.96 |
13.66% |
9,879.59 |
74.00% |
2,248.17 |
16.84% |
|
11 |
Franklin Templeton Mutual Fund |
78,845.63 |
13,065.87 |
16.57% |
9,861.59 |
75.48% |
2,856.49 |
21.86% |
|
12 |
L&T Mutual Fund |
72,175.80 |
9,000.45 |
12.47% |
7,598.13 |
84.42% |
1,402.33 |
15.58% |
|
13 |
Mirae Asset Mutual Fund |
72,009.49 |
10,209.43 |
14.18% |
9,552.64 |
93.57% |
650.59 |
6.37% |
|
14 |
Tata Mutual Fund |
61,572.84 |
9,808.92 |
15.93% |
6,911.76 |
70.46% |
1,630.38 |
16.62% |
|
15 |
Edelweiss Mutual Fund |
48,403.66 |
2,630.42 |
5.43% |
1,153.34 |
43.85% |
183.00 |
6.96% |
|
16 |
Invesco Mutual Fund |
37,444.13 |
4,997.31 |
13.35% |
3,556.16 |
71.16% |
1,378.52 |
27.59% |
|
17 |
Sundaram Mutual Fund |
31,850.39 |
8,269.17 |
25.96% |
6,885.06 |
83.26% |
822.47 |
9.95% |
|
18 |
Canara Robeco Mutual Fund |
29,593.64 |
7,464.06 |
25.22% |
4,180.29 |
56.01% |
1,885.57 |
25.26% |
|
19 |
Motilal Oswal Mutual Fund |
25,899.32 |
3,220.95 |
12.44% |
2,784.94 |
86.46% |
145.38 |
4.51% |
|
20 |
LIC Mutual Fund |
16,947.05 |
2,950.29 |
17.41% |
1,272.26 |
43.12% |
1,534.79 |
52.02% |
|
21 |
HSBC Mutual Fund |
10,212.50 |
797.79 |
7.81% |
299.43 |
37.53% |
483.54 |
60.61% |
|
22 |
Baroda Mutual Fund |
10,072.05 |
2,463.78 |
24.46% |
1,544.40 |
62.68% |
693.13 |
28.13% |
|
23 |
PPFAS Mutual Fund |
9,352.05 |
1,533.32 |
16.40% |
1,320.92 |
86.15% |
212.40 |
13.85% |
|
24 |
BNP Paribas Mutual Fund |
7,656.64 |
1,085.81 |
14.18% |
627.42 |
57.78% |
395.46 |
36.42% |
|
25 |
Principal Mutual Fund |
7,844.51 |
1,430.76 |
18.24% |
1,188.95 |
83.10% |
85.47 |
5.97% |
|
|
Total |
31,79,690.30 |
5,15,628.74 |
|
2,92,359.53 |
|
1,63,873.99 |
|
Overall, B30 cities have accounted for 5.15 lakh crore or 16% of the total MF assets on March 2021. The share of equity and debt in the total B30 AAUM was Rs. 2.92 lakh crore and Rs. 1.64 lakh crore respectively, which formed around 57% and 32%.
ICICI Prudential MF was at the top with B30 equity AAUM of Rs. 35,700 crore. Here is the ranking of fund houses in terms of B30 equity assets. The figures mentioned are in crore.
|
Sr No |
Fund house |
B30 Equity AAUM Mar 21 |
|
1 |
ICICI Prudential Mutual Fund |
35,718.94 |
|
2 |
SBI Mutual Fund |
35,609.91 |
|
3 |
Axis Mutual Fund |
28,677.19 |
|
4 |
Nippon India Mutual Fund |
27,908.34 |
|
5 |
HDFC Mutual Fund |
27,495.09 |
|
6 |
UTI Mutual Fund |
25,397.41 |
|
7 |
Aditya Birla Sun Life Mutual Fund |
25,372.74 |
|
8 |
Kotak Mahindra Mutual Fund |
13,316.23 |
|
9 |
DSP Mutual Fund |
9,879.59 |
|
10 |
Franklin Templeton Mutual Fund |
9,861.59 |
|
|
Total |
2,39,237.01 |
SBI Mutual fund has the largest B30 debt AAUM of Rs. 56,800 crore in March 2021. The performance of other fund houses is tabulated here. The figures mentioned are in crore.
|
Sr No |
Fund house |
B30 Debt AAUM Mar 21 |
|
1 |
SBI Mutual Fund |
56,083.33 |
|
2 |
ICICI Prudential Mutual Fund |
18,025.34 |
|
3 |
UTI Mutual Fund |
15,864.16 |
|
4 |
HDFC Mutual Fund |
15,575.06 |
|
5 |
Aditya Birla Sun Life Mutual Fund |
15,027.00 |
|
6 |
Nippon India Mutual Fund |
9,375.24 |
|
7 |
Kotak Mahindra Mutual Fund |
7,578.69 |
|
8 |
Axis Mutual Fund |
6,086.37 |
|
9 |
IDFC Mutual Fund |
3,651.10 |
|
10 |
Franklin Templeton Mutual Fund |
2,856.49 |
|
|
Total |
1,50,122.78 |
