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The equity assets of top 20 mutual fund players went up 36% in FY 2022 to Rs. 19.40 lakh crore, shows a report by Motilal Oswal Financial Services. Most mutual funds did well in the last financial year.
Top-ranked SBI MF's equity assets went up 49% to Rs. 3.90 lakh crore while ICICI Prudential recorded a 9% growth to reach assets of Rs.2.15 lakh crore, the report showed.
Also, HDFC, Nippon, UTI, Axis, Kotak and ABSL hold equity assets in excess of Rs. 1 lakh crore. The growth in equity assets ranged within 22-49% for all these fund houses.
The surge in equity holdings was the highest in the case of smaller fund houses like PGIM India, PPFAS and Canara Robeco. While PGIM India registered a growth of over 300%, PPFAS and Canara Robeco witnessed a growth of 170% and 92%, respectively.
Cash holding of mutual funds
As of March-end 2022, SBI and Axis were holding over 10% of the AUM of their pure equity funds as cash. ICICI Prudential had a cash holding of 9.4%.
|
Fund house |
Equity holding (March-end) |
YoY change |
Cash holding |
|
SBI Mutual Fund |
3,93,400 |
49.2 |
12.4 |
|
ICICI Prudential Mutual Fund |
2,15,300 |
33.9 |
9.4 |
|
HDFC Mutual Fund |
1,90,400 |
21.8 |
2.9 |
|
Nippon India Mutual Fund |
1,49,400 |
30.7 |
3.2 |
|
UTI Mutual Fund |
1,47,200 |
40.7 |
2.6 |
|
Axis Mutual Fund |
1,41,900 |
41.2 |
10.2 |
|
Kotak Mahindra Mutual Fund |
1,27,200 |
38.3 |
4 |
|
Aditya Birla Sun Life Mutual Fund |
1,12,100 |
21.8 |
2.4 |
|
Mirae Asset Mutual Fund |
91,200 |
43 |
2 |
|
DSP Mutual Fund |
65,500 |
27.5 |
2.7 |
|
Franklin Templeton Mutual Fund |
49,800 |
6.9 |
4.7 |
|
Tata Mutual Fund |
46,600 |
49.2 |
5.1 |
|
L&T Mutual Fund |
40,900 |
11.6 |
1.9 |
|
Canara Robeco Mutual Fund |
39,900 |
92.8 |
5.2 |
|
Sundaram Mutual Fund |
31,900 |
13.4 |
5.1 |
|
IDFC Mutual Fund |
27,300 |
16.1 |
4.3 |
|
Invesco Mutual Fund |
25,800 |
43.9 |
3.2 |
|
Motilal Oswal Mutual Fund |
19,800 |
0.5 |
2.3 |
|
PPFAS Mutual Fund |
14,800 |
168.3 |
5.1 |
|
PGIM India Mutual Fund |
12,500 |
314.7 |
2 |
|
Total |
19,42,700 |
35.6 |
4.5 |
