Axis, ICICI Prudential and SBI are the top three mutual fund players in the equity space. In fact, they are also among the fastest growing large fund houses with around 10% growth in their equity AUM in the third quarter of 2020-2021.
An analysis by Cafemutual shows that Axis MF's average equity AUM has reached Rs. 1.40 lakh crore in Q3 2021-2022 with 10% quarter-on-quarter growth. Second-placed ICICI Prudential has recorded a 9% growth in equity AUM at Rs. 1.30 lakh crore.
SBI, HDFC and Aditya Birla Sun Life have come next in the top five list.
Among the top 10, highest growth in equity AUM was recorded by Kotak Mahindra and UTI. With 11% growth, their equity AUM rose to Rs. 86,782 crore and Rs. 70,085 crore, respectively.
Data of Principal MF could not be sourced as the fund house has merged with Sundaram MF.
'PGIM India and Quant fastest growing MFs in equity space'
The equity AUM of PGIM India has risen by 51% in Q3 to Rs. 8,376 crore, making it the fastest growing mutual fund in the equity space. Quant MF was next in line with 45% surge in equity AUM.
HSBC, Mahindra Manulife and PPFAS were other mutual funds with over 30% growth in equity AUM.
Average equity AUM of top fund houses:
|
Fund house |
Avg equity AUM Q3 FY22 |
Avg equity AUM Q2 FY22 |
Change |
Change % |
|
Axis MF |
1,39,000 |
1,26,318 |
12,682 |
10 |
|
ICICI Prudential MF |
1,33,054 |
1,21,810 |
11,244 |
9 |
|
SBI MF |
1,28,096 |
1,16,289 |
11,807 |
10 |
|
HDFC MF |
1,23,096 |
1,15,974 |
7,122 |
6 |
|
Aditya Birla Sun Life MF |
97,000 |
92,868 |
4,132 |
4 |
|
Nippon India MF |
94,187 |
87,484 |
6,703 |
8 |
|
Kotak Mahindra MF |
86,782 |
78,359 |
8,423 |
11 |
|
Mirae Asset MF |
82,417 |
75,107 |
7,310 |
10 |
|
UTI MF |
70,085 |
63,177 |
6,908 |
11 |
|
DSP MF |
57,243 |
54,357 |
2,886 |
5 |
|
Franklin Templeton MF |
55,440 |
53,160 |
2,280 |
4 |
|
L&T MF |
34,533 |
33,356 |
1,177 |
4 |
|
Canara Robeco MF |
31,041 |
26,138 |
4,903 |
19 |
|
Tata MF |
29,299 |
26,086 |
3,213 |
12 |
|
Sundaram MF |
24,651 |
23,673 |
978 |
4 |
|
Invesco MF |
23,564 |
21,824 |
1,740 |
8 |
|
IDFC MF |
21,171 |
20,160 |
1,011 |
5 |
|
Motilal Oswal MF |
19,113 |
19,174 |
-61 |
0 |
|
PPFAS MF |
18,441 |
14,170 |
4,271 |
30 |
|
PGIM India MF |
8,376 |
5,565 |
2,811 |
51 |
|
Edelweiss MF |
6,356 |
5,480 |
876 |
16 |
|
Baroda MF |
5,335 |
4,159 |
1,176 |
28 |
|
HSBC MF |
4,782 |
3,635 |
1,147 |
32 |
|
BNP Paribas MF |
4,598 |
4,359 |
239 |
5 |
|
Mahindra Manulife MF |
4,157 |
3,186 |
971 |
30 |
|
Quant MF |
3,982 |
2,744 |
1,238 |
45 |
|
LIC MF |
3,587 |
3,285 |
302 |
9 |
|
Union MF |
3,150 |
2,750 |
400 |
15 |
|
IIFL MF |
2,557 |
2,557 |
0 |
0 |
|
IDBI MF |
2,361 |
2,360 |
1 |
0 |
|
ITI MF |
1,717 |
1,454 |
263 |
18 |
|
BOI AXA MF |
1,440 |
1,334 |
106 |
8 |
|
Quantum MF |
1,073 |
1,060 |
13 |
1 |
*All numbers are in Rs crore
