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An analysis of the folio data of the top 25 fund houses shows that Nippon India MF, ICICI Prudential MF and SBI MF are the top three fund houses in terms of new folio addition in the first six months of FY 22-23. They individually added 16.37 lakh, 9.24 lakh and 6.68 lakh folios, respectively.
Canara Robeco MF and quant MF followed these three top fund houses with new folio additions of 6.42 lakh and 5.60 lakh, respectively.
Cumulatively, they added 44.31 lakh folios which is over 50% of the total folio additions during April-Sept 2022.
In percentage terms, quant MF, PGIM India MF and Canara Robeco MF took the lead. They recorded a rise of 59%, 24% and 21%, respectively. PPFAS MF (17%) and Baroda BNP Paribas MF (12%) recorded the next highest growth.
While the majority of the fund houses reported an increase in folio count, L&T MF, Motilal Oswal MF and HSBC MF showed a marginal decline.
Overall, the folio count of the top 25 fund houses was 13.63 crore as on Sept 30, 2022, as against 12.81 crore as on Mar 31, 2022 - an addition of 82 lakh folios.
Notably, six fund houses have over one crore folios - Nippon India MF, ICICI Prudential MF, Axis MF, UTI MF, SBI MF and HDFC MF.
Folio count details of the top 25 fund houses (in terms of Sept 2022 AAUM)
