Latest mutual fund rankings are out: check out the biggest gainers

SBI MF has maintained its top position in the mutual fund rankings with 4% growth in AUM in the first quarter of FY 2022. The fund house managed Rs.5.23 lakh crore assets at the end of June compared to Rs.5.04 lakh crore at the end of March 2021, shows the latest AMFI data. In absolute terms, the AUM of the fund house rose by Rs 18,743 crore.

The rankings of the top 10 fund houses also remained unchanged in the first quarter of the current financial year. In the top 10 list, DSP MF registered the highest growth in AUM at 7% followed by Axis MF (6%). The AUM of the two fund houses zoomed by Rs 6,639 crore and Rs 11,593 crore, respectively. The impressive growth in AUM has helped both the fund houses reach new milestones. While DSP MF's assets has crossed the Rs 1-lakh-crore mark, Axis MF joined the 2-lakh-crore AUM club during the June quarter.

Among the top 20 fund houses, Mirae Asset MF was the biggest gainer in terms of rankings. With 12% growth in AUM, the fund house has climbed two positions to occupy the 11th rank in the list of mutual funds. The AUM of the fund house increased by Rs 8,076 crore to Rs 77,647 crore during the period.

Tata MF and Canara Robeco MF rose one position each with 8% and 15% growth in AUM, respectively. Franklin Templeton MF slipped three spots to the 14th rank as its AUM declined 27%.

Quant MF, ITI MF, PPFAS MF and PGIM India MF were the biggest gainers in terms of AUM. In fact, Quant MF more than doubled its AUM from Rs 722 crore to Rs 1,642 crore during the period. The fund house now occupies the 34th spot, up two positions from the previous quarter.

According to the quarterly data, overall AUM of mutual funds rose 3% to 33 lakh crore from 32 lakh crore during the first quarter of FY 2022.

*All numbers are in Rs crore