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A review of average AUM of top fund houses over the last five years shows that one fund house - Axis MF has made it to the top 10 fund houses India and there has been reshuffling in rankings among other fund houses.
The AUM data of the last five financial years i.e. between Mar 2017 and Mar 2022 shows that SBI MF climbed 4 spots to secure the first rank. The fund house added Rs. 4.90 lakh crore to its AUM kitty, recording the highest growth in absolute terms. Currently, the fund house manages assets of Rs.6.50 lakh crore.
The study also reveals that ICICI Prudential MF and HDFC MF slipped to the second and third position, respectively. ICICI Prudential MF was at the top in March 2017 followed by HDFC MF.
Aditya Birla Sun Life MF retained the fourth spot. Kotak Mahindra MF, which earlier ranked seventh, now ranks fifth.
In terms of percentage growth, Axis MF recorded maximum growth of 350% in five years. The fund house’s AUM grew from Rs. 57,700 crore in Mar 17 to Rs. 2.60 lakh crore in Mar 22.
SBI MF and Kotak Mahindra MF reported the next highest growth of 312% and 209%, respectively.
* Axis MF earlier ranked 11th
** Franklin Templeton currently ranks 15th
