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An analysis of the average AUM as on Mar 22 shows that SBI MF, HDFC MF and ICICI Prudential MF are the top three fund houses in the debt space. They report debt average AUM of Rs. 2.21 lakh crore, Rs. 2.10 lakh crore and Rs. 2.04 lakh crore respectively.
Aditya Birla Sun Life MF and Kotak Mahindra MF occupy the next two spots with debt AAUM of Rs. 1.67 lakh crore and Rs. 1.38 lakh crore, respectively.
Nippon India MF (Rs. 1.07 lakh crore), Axis MF (Rs. 98,425 crore), IDFC MF (Rs. 86,891 crore), UTI MF (Rs. 65,664 crore) and DSP MF (Rs. 33,916 crore) have the next highest debt AAUM.
Debt AAUM comprises liquid funds/money market funds/floater funds, gilt funds and remaining income/debt oriented schemes.
To identify the reshuffling of debt rankings, Cafemutual has compared the latest debt AAUM with last year’s figures of the current top 30 fund houses (in terms of total AAUM).
SBI MF has climbed up one spot to swap positions with HDFC MF. The debt ranking of other top five players remains constant. Franklin Templeton MF has recorded the biggest fall of 80% as it slips 7 positions down from the erstwhile 12th rank.
In percentage terms, Union MF reports the highest growth of 25%.
However, the overall debt AAUM of the top 30 fund houses has marginally declined by 4%.
Here is the debt ranking of the top 30 fund houses along with a comparative analysis of their performance. Figures mentioned are in crore.
*1 - Baroda MF and BNP Paribas MF formed ‘Baroda BNP Paribas MF’ in Mar 2022
*2 - In terms of total AAUM, IIFL MF is a new entrant to the current top 30 club
*3 - In terms of total AAUM, Quant MF is a new entrant to the current top 30 club
*4 - NJ MF currently has its presence in the hybrid space
