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Kotak Flexicap, Axis Bluechip and Axis Long-term Equity funds are the three biggest equity schemes in India with AUMs in excess of Rs. 32,000 crore, shows a report by Motilal Oswal Financial Services.
Kotak Flexicap fund, which is the largest equity scheme currently, has an AUM of Rs. 37,000 crore. Since June, its AUM has grown 3%. The next largest scheme — the Axis Bluechip Fund — has witnessed an impressive growth in the last nine months. Its AUM went up 32% from Rs. 27,100 crore to Rs. 35,700 crore.
The list of top 20 mutual fund schemes is dominated by flexicaps. There are eight flexicap schemes in the rankings. Largecap funds have the next highest presence with six schemes, followed by midcap category which has four schemes in the list.
Since June, two new schemes have made it to the top 20 — Parag Parikh Flexicap fund and Canara Robeco Emerging Equities.
Top 20 equity schemes and their AUM:
|
Scheme |
AUM (as on March 2022) |
AUM (as on June 2021) |
% growth |
|
Kotak Flexicap Fund |
37,100 |
36,000 |
3 |
|
Axis Bluechip Fund |
35,700 |
27,100 |
32 |
|
Axis Long Term Equity Fund |
32,100 |
29,600 |
8 |
|
SBI Bluechip Fund |
31,900 |
28200 |
13 |
|
Mirae Asset Largecap Fund |
31900 |
25700 |
24 |
|
ICICI Prudential Bluechip Fund |
31600 |
27700 |
14 |
|
HDFC Midcap Opportunities Fund |
31300 |
28700 |
9 |
|
HDFC Flexicap Fund |
27500 |
25200 |
9 |
|
SBI Focused Equity Fund |
24900 |
15900 |
57 |
|
UTI Flexicap Fund |
24900 |
18400 |
35 |
|
ICICI Pru Value Discovery Fund |
23100 |
19200 |
20 |
|
Mirae Asset Emerging Bluechip Fund |
21900 |
17900 |
22 |
|
Parag Parikh Flexicap Fund |
21800 |
— |
— |
|
Aditya Birla SL Frontline Equity Fund |
21300 |
20400 |
4 |
|
HDFC Top 100 Fund |
21200 |
20000 |
6 |
|
Axis Focused 25 Fund |
19600 |
16500 |
19 |
|
Nippon India Smallcap Fund |
19200 |
14300 |
34 |
|
Kotak Emerging Equity Fund |
18600 |
12500 |
49 |
|
Axis Midcap Fund |
17600 |
11800 |
49 |
|
SBI Flexicap Fund |
15700 |
13400 |
17 |
|
Aditya Birla SL Flexicap Fund |
15600 |
14100 |
11 |
|
Aditya Birla SL Tax Relief '96 Fund |
13900 |
13900 |
0 |
|
DSP Midcap Fund |
13700 |
12200 |
12 |
|
Canara Robeco Emerging Equities |
13000 |
— |
— |
|
HDFC Smallcap Fund |
12700 |
11600 |
9 |
*All numbers are in Rs crore | Source: Fund Folio report by Motilal Oswal
