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Kotak Mahindra is now the fourth largest fund house in India with an average AUM of Rs. 2.80 lakh crore in the first quarter (Q1) of FY 2023, shows latest AMFI data. In the previous quarter, the fund house was fifth in mutual fund rankings.
The ranking is led by SBI MF with AAUM (average assets under management in Q1) of Rs. 6.40 lakh crore. ICICI Prudential and HDFC come next in the list with AAUM of Rs. 4.70 lakh crore and Rs. 4.30 lakh crore, respectively. ABSL MF has slipped one spot and is now the fifth largest in the mutual fund industry.
The first quarter of FY 2023 marks the end of seven-quarter long AUM growth journey of fund houses. Most fund houses registered a decline in their AUM in Q1 FY 2023 due to a steep fall in the market and redemptions from debt schemes.
The highest growth in AAUM growth was recorded by Quant, JM Financial and Navi. Their AAUM went up by over 30% in a matter of one quarter.
|
Mutual Fund |
Average AUM (June Qtr 2022) |
Average AUM (March Qtr 2022) |
Change |
%Change |
|
SBI |
6,47,474 |
6,47,067 |
407 |
0.1% |
|
ICICI Prudential |
4,65,468 |
4,68,197 |
-2,729 |
-0.6% |
|
HDFC |
4,15,307 |
4,32,085 |
-16,778 |
-3.9% |
|
Kotak Mahindra |
2,82,002 |
2,84,618 |
-2,616 |
-0.9% |
|
Aditya Birla Sun Life |
2,81,527 |
2,95,805 |
-14,278 |
-4.8% |
|
Nippon India |
2,79,431 |
2,83,261 |
-3,830 |
-1.4% |
|
Axis |
2,45,510 |
2,59,818 |
-14,308 |
-5.5% |
|
UTI |
2,24,279 |
2,23,842 |
437 |
0.2% |
|
IDFC |
1,16,928 |
1,21,032 |
-4,104 |
-3.4% |
|
DSP |
1,06,682 |
1,07,911 |
-1,229 |
-1.1% |
|
Mirae Asset |
1,00,726 |
1,00,909 |
-183 |
-0.2% |
|
Tata |
88,367 |
83,554 |
4,813 |
5.8% |
|
Edelweiss |
81,861 |
78,642 |
3,219 |
4.1% |
|
L&T |
71,280 |
75,592 |
-4,312 |
-5.7% |
|
Franklin |
58,812 |
62,876 |
-4,064 |
-6.5% |
|
Canara Robeco |
49,253 |
47,956 |
1,297 |
2.7% |
|
Invesco |
40,159 |
43,863 |
-3,704 |
-8.4% |
|
Sundaram |
39,954 |
43,107 |
-3,153 |
-7.3% |
|
Motilal Oswal |
28,522 |
30,620 |
-2,098 |
-6.9% |
|
PPFAS |
24,790 |
23,114 |
1,676 |
7.2% |
|
Baroda BNP Paribas |
21,896 |
21,393 |
503 |
2.4% |
|
LIC |
17,344 |
17,817 |
-473 |
-2.7% |
|
PGIM India |
17,206 |
14,702 |
2,504 |
17.0% |
|
HSBC |
13,392 |
12,619 |
773 |
6.1% |
|
Mahindra Manulife |
9,223 |
8,805 |
418 |
4.7% |
|
Quant |
8788 |
6,506 |
2,282 |
35.1% |
|
Union |
8,122 |
8,147 |
-25 |
-0.3% |
|
NJ |
4,979 |
5,247 |
-268 |
-5.1% |
|
IIFL |
4,538 |
4,264 |
274 |
6.4% |
|
IDBI |
3,862 |
4,121 |
-259 |
-6.3% |
|
JM Financial |
3,057 |
2,318 |
739 |
31.9% |
|
BOI AXA |
2,948 |
2,750 |
198 |
7.2% |
|
ITI |
2,706 |
2,718 |
-12 |
-0.4% |
|
Quantum |
1,756 |
1,784 |
-28 |
-1.6% |
|
IL&FS (IDF) |
1,394 |
1,338 |
56 |
4.2% |
|
Navi |
1,353 |
1,039 |
314 |
30.2% |
|
Trust |
1,034 |
1,218 |
-184 |
-15.1% |
|
IIFCL (IDF) |
625 |
618 |
7 |
1.1% |
|
Indiabulls |
524 |
544 |
-20 |
-3.6% |
|
Taurus |
498 |
511 |
-13 |
-2.5% |
|
Shriram |
208 |
220 |
-12 |
-5.3% |
|
WhiteOak (formerly YES) |
127 |
105 |
22 |
20.6% |
*All numbers are in Rs crore except % change
