SBI Mutual Fund, HDFC Mutual Fund and ICICI Prudential Mutual Fund have a deeper penetration in B30 geographies, shows an analysis of AUM disclosure as on June 2021 done by Cafemutual.
SBI Mutual Fund has remained the top fund house in the list of fund houses with highest B30 AUM. Of the total assets of Rs.5.38 lakh crore, Rs.1.13 lakh or 21% has come from B30 location.
HDFC Mutual Fund and ICICI Prudential Mutual Fund follow SBI Mutual Fund with assets of Rs.64,000 crore and Rs.60,000 crore, respectively. These assets formed 15% and 14% of their total assets, respectively.
UTI Mutual Fund and Nippon India Mutual Fund occupy the fourth and fifth spot with B30 assets of Rs.49,000 crore and Rs.47,000 crore.
The next five in this list are - Aditya Birla Sun Life Mutual Fund (Rs.45,000 crore), Axis Mutual Fund (Rs. 40,000 crore) Kotak Mahindra Mutual Fund (Rs.23,000 crore), DSP Mutual Fund (Rs.15,000 crore) and Mirae Asset Mutual Fund (Rs.12,000 crore).
In percentage terms, Sundaram Mutual Fund has the highest proportion of its assets coming from B30 cities at 26%. Baroda Mutual Fund (25%), UTI Mutual Fund (25%), Canara Robeco Mutual Fund (24%) and SBI Mutual Fund (21%) follow Sundaram Mutual Fund.
Overall, the MF industry has seen 16% of the assets coming from B30 location. Of the total assets of Rs.33.68 lakh crore, Rs.5.47 lakh crore has come from B30 cities as on June 2021. Equities have held a dominant share (59%) in these cities whereas debt formed 29% of B30 assets.
Here are the details of the top 25 fund houses as on June 2021. The figures mentioned are in lakh crore.
|
Fund House |
Monthly AAUM |
Total B30 AAUM |
B30 as a % of monthly AAUM |
Equity B30 AAUM |
Equity B30 as a % of Total B30 |
Debt B30 AAUM |
Debt B30 as a % of Total B30 |
|
SBI MF |
5,37,704.18 |
1,13,254.54 |
21% |
39,615.14 |
35% |
53,525.45 |
47% |
|
HDFC MF |
4,26,932.82 |
63,713.30 |
15% |
29,860.20 |
47% |
15,470.71 |
24% |
|
ICICI Prudential MF |
4,23,206.74 |
59,714.53 |
14% |
38,743.98 |
65% |
17,373.55 |
29% |
|
Aditya Birla Sun Life MF |
2,83,657.14 |
44,700.55 |
16% |
27,612.18 |
62% |
13,537.00 |
30% |
|
Kotak Mahindra MF |
2,53,436.90 |
22,952.22 |
9% |
15,058.81 |
66% |
7,787.99 |
34% |
|
Nippon India MF |
2,48,128.94 |
47,158.21 |
19% |
32,352.50 |
69% |
10,584.52 |
22% |
|
Axis MF |
2,18,637.93 |
39,861.30 |
18% |
31,872.42 |
80% |
6,433.04 |
16% |
|
UTI MF |
1,93,572.50 |
48,751.23 |
25% |
28,487.37 |
58% |
18,108.13 |
37% |
|
IDFC MF |
1,26,323.79 |
8,442.60 |
7% |
4,593.96 |
54% |
3,740.21 |
44% |
|
DSP MF |
1,04,822.83 |
14,896.25 |
14% |
11,232.90 |
75% |
2,360.87 |
16% |
|
Mirae Asset MF |
82,618.81 |
11,949.24 |
14% |
11,286.46 |
94% |
608.82 |
5% |
|
L&T MF |
76,708.07 |
9,374.78 |
12% |
8,055.35 |
86% |
1,319.43 |
14% |
|
Tata MF |
68,347.42 |
10,986.07 |
16% |
7,931.48 |
72% |
1,685.08 |
15% |
|
Franklin Templeton MF |
62,010.23 |
11,578.07 |
19% |
10,366.44 |
90% |
783.07 |
7% |
|
Edelweiss MF |
56,432.75 |
2,796.10 |
5% |
1,606.90 |
57% |
263.22 |
9% |
|
Invesco MF |
39,732.07 |
5,207.06 |
13% |
4,111.33 |
79% |
1,013.63 |
19% |
|
Canara Robeco MF |
35,200.77 |
8,339.30 |
24% |
5,251.44 |
63% |
1,493.49 |
18% |
|
Sundaram MF |
32,682.57 |
8,659.13 |
26% |
7,333.61 |
85% |
728.05 |
8% |
|
Motilal Oswal MF |
27,838.64 |
3,567.93 |
13% |
3,029.33 |
85% |
134.63 |
4% |
|
LIC MF |
18,363.84 |
3,123.35 |
17% |
1,414.27 |
45% |
1,561.53 |
50% |
|
PPFAS MF |
12,629.48 |
2,213.46 |
18% |
1,946.52 |
88% |
266.94 |
12% |
|
HSBC MF |
10,865.66 |
685.02 |
6% |
307.06 |
45% |
347.34 |
51% |
|
Baroda MF |
10,452.84 |
2,641.73 |
25% |
1,651.02 |
62% |
770.15 |
29% |
|
PGIM India MF |
8,830.31 |
1,247.66 |
14% |
655.47 |
53% |
278.31 |
22% |
|
BNP Paribas MF |
8,446.73 |
1,245.24 |
15% |
745.73 |
60% |
406.31 |
33% |
|
Total |
33,67,583.97 |
5,47,058.87 |
3,25,121.85 |
1,60,581.46 |
Talking about the B30 equity and debt assets, here are the top five fund houses as on June 2021. Figures mentioned are in crore.
|
Fund House |
Equity B30 AAUM |
|
SBI MF |
39,615.14 |
|
ICICI Prudential MF |
38,743.98 |
|
Nippon India MF |
32,352.50 |
|
Axis MF |
31,872.42 |
|
HDFC MF |
29,860.20 |
|
Fund House |
Debt B30 AAUM |
|
SBI MF |
53,525.45 |
|
UTI MF |
18,108.13 |
|
ICICI Prudential MF |
17,373.55 |
|
HDFC MF |
15,470.71 |
|
Aditya Birla Sun Life MF |
13,537.00 |
