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SBI Mutual Fund has consolidated its stay at the top of the mutual fund ranking with 28% surge in average AUM in the last financial year (FY 2021-2022). In the top 10, Axis MF and Nippon India MF were the other top performers AUM wise with a growth in excess of 24%.
In the top 10, there has been only one change — ICICI Prudential has moved up one place to the second spot in place of HDFC.
In absolute terms, SBI's AUM went up by Rs.1.43 lakh crore during the period. Axis registered the second highest surge in AUM at Rs.63,269 crore followed by Nippon India (Rs.54,675 crore).
Overall, Quant MF registered the highest percentage growth as its AUM rose nine folds from Rs.722 crore to Rs.6,506 crore. PPFAS, PGIM India and ITI were the major gainers with AUM growth of 165%, 153% and 131%, respectively.
MF rankings as per QAAUM (Fourth quarter of FY 2021-2022):
Mutual Fund |
Average AUM (March Qtr 2022) |
Average AUM (March Qtr 2021) |
Change |
% Change |
SBI |
6,47,067 |
5,04,455 |
1,42,612 |
28 |
ICICI Prudential |
4,68,197 |
4,05,406 |
62,791 |
15 |
HDFC |
4,32,085 |
4,15,566 |
16,519 |
4 |
Aditya Birla Sun Life |
2,95,805 |
2,69,278 |
26,527 |
10 |
Kotak Mahindra |
2,84,618 |
2,33,780 |
50,838 |
22 |
Nippon India |
2,83,261 |
2,28,586 |
54,675 |
24 |
Axis |
2,59,818 |
1,96,549 |
63,269 |
32 |
UTI |
2,23,842 |
1,82,853 |
40,989 |
22 |
IDFC |
1,21,032 |
1,22,131 |
-1,099 |
-1 |
DSP |
1,07,911 |
97,386 |
10,525 |
11 |
Mirae Asset |
1,00,909 |
69,598 |
31,311 |
45 |
Tata |
86,713 |
62,078 |
21,476 |
40 |
Edelweiss |
78,642 |
46,849 |
31,793 |
68 |
L&T |
75,592 |
72,728 |
2,864 |
4 |
Franklin |
62,876 |
82,553 |
-19,677 |
-24 |
Canara Robeco |
47,956 |
28,273 |
19,683 |
70 |
Invesco |
43,863 |
36,795 |
7,068 |
19 |
Sundaram |
43,107 |
32,052 |
11,055 |
34 |
Motilal Oswal |
30,620 |
25,460 |
5,160 |
20 |
PPFAS |
23,114 |
8,720 |
14,394 |
165 |
Baroda (includes AUM of merged entity — BNP Paribas) |
21,393 |
9,641 |
11,752 |
122 |
LIC |
17,817 |
16,927 |
890 |
5 |
PGIM India |
16,492 |
6,527 |
8,175 |
153 |
HSBC |
12,619 |
10,385 |
2,234 |
22 |
Mahindra Manulife |
8,805 |
5,271 |
3,534 |
67 |
Union |
8,147 |
5,240 |
2,907 |
55 |
Quant |
6,506 |
722 |
5,784 |
801 |
NJ |
5,247 |
0 |
5,247 |
— |
IIFL |
4,264 |
2,370 |
1,894 |
80 |
IDBI |
4,121 |
4,120 |
1 |
0 |
BOI AXA |
2,750 |
2,289 |
461 |
20 |
ITI |
2,718 |
1,179 |
1,539 |
131 |
JM Financial |
2,318 |
2,389 |
-71 |
-3 |
Quantum |
1,784 |
1,786 |
-2 |
0 |
IL&FS (IDF) |
1,338 |
1,679 |
-341 |
-20 |
Trust |
1,218 |
625 |
593 |
95 |
Navi |
1,039 |
0 |
1,039 |
— |
IIFCL (IDF) |
618 |
588 |
30 |
5 |
Indiabulls |
544 |
664 |
-120 |
-18 |
Taurus |
511 |
475 |
36 |
8 |
Samco | 366 | — | — | — |
Shriram |
220 |
203 |
17 |
9 |
WhiteOak (formerly YES) |
105 |
110 |
-5 |
-5 |
All numbers are in Rs crore