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SBI MF is the new leader in the equity space, thanks to a 5% growth in its equity AUM in the first quarter of FY 2023 despite market correction. ICICI Prudential MF is the only other fund house in the top five to record a growth in equity AUM.
An analysis by Cafemutual shows that SBI MF's average equity AUM was close to Rs. 1.40 lakh crore in the previous quarter, up 5% from the Q4 FY2022 AUM of Rs. 1.30 lakh crore.
Second-placed Axis recorded a 3% decline in average AUM from Rs. 1.40 lakh crore to Rs. 1.37 lakh crore.
ICICI Prudential, HDFC and Nippon India are the other fund houses in the top five.
Notably, SBI MF was the fastest growing fund house in the top 10 as well. Overall, LIC, Quant and PGIM grew the fastest in the previous quarter at a rate of over 30%.
For this study, we have only taken the AUM of active equity schemes into consideration.
|
Fund house |
Avg equity AUM Q1 FY23 |
Avg equity AUM Q4 FY22 |
Change |
Change % |
|
SBI MF |
1,39,274 |
1,32,502 |
6,773 |
5.11 |
|
Axis MF |
1,37,140 |
1,41,793 |
-4,653 |
-3.28 |
|
ICICI Prudential MF |
1,35,982 |
1,33,853 |
2,129 |
1.59 |
|
HDFC MF |
1,23,247 |
1,25,000 |
-1,753 |
-1.40 |
|
Nippon India MF |
91,879 |
93,735 |
-1,856 |
-1.98 |
|
Kotak Mahindra MF |
88,390 |
88,249 |
141 |
0.16 |
|
Aditya Birla Sun Life MF |
87,796 |
95,757 |
-7,961 |
-8.31 |
|
Mirae Asset MF |
83,831 |
83,945 |
-114 |
-0.14 |
|
UTI MF |
66,693 |
69,287 |
-2,594 |
-3.74 |
|
DSP MF |
54,445 |
56,406 |
-1,961 |
-3.48 |
|
Franklin Templeton MF |
50,151 |
53,297 |
-3,146 |
-5.90 |
|
Canara Robeco MF |
35.767 |
33,873 |
1,894 |
5.59 |
|
L&T MF |
31,978 |
33,709 |
-1,731 |
-5.14 |
|
Tata MF |
30,557 |
30,572 |
-15 |
-0.05 |
|
Sundaram MF |
28,100 |
29,618 |
-1,518 |
-5.12 |
|
Invesco MF |
24,037 |
24,047 |
-10 |
-0.04 |
|
PPFAS MF |
22,576 |
20,939 |
1,637 |
7.82 |
|
IDFC MF |
20,833 |
21,559 |
-726 |
-3.37 |
|
Motilal Oswal MF |
16,602 |
17,946 |
-1,344 |
-7.49 |
|
PGIM India MF |
13,568 |
10,369 |
3,199 |
30.85 |
|
Quant MF |
7,506 |
5,572 |
1,934 |
34.70 |
|
Baroda MF |
7,373 |
7,373 |
0 |
0.00 |
|
Edelweiss MF |
6,682 |
6,653 |
29 |
0.43 |
|
LIC MF |
4,918 |
3,624 |
1,294 |
35.71 |
|
Mahindra Manulife MF |
4,835 |
4,481 |
354 |
7.90 |
|
HSBC MF |
4,235 |
4,626 |
-391 |
-8.46 |
|
Union MF |
3,478 |
3,323 |
155 |
4.66 |
|
IIFL MF |
2,880 |
2,792 |
88 |
3.15 |
|
IDBI MF |
2,176 |
2,297 |
-121 |
-5.28 |
|
ITI MF |
1,870 |
1,858 |
12 |
0.65 |
*All numbers are in Rs crore except for percentage
