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An analysis of asset composition of top 25 fund houses done by Cafemutual shows that SBI, HDFC and ICICI Prudential are the top three fund houses in terms of B30 assets.
SBI MF leads the pack with highest AUM of Rs.1.48 lakh crore in B30 cities, which is 21% of its total assets of Rs.6.63 lakh crore.
HDFC MF and ICICI Prudential MF followed SBI MF with assets of Rs. 76,488 crore and Rs. 72,540 crore, respectively.
Next in the list are UTI MF and Nippon India MF with B30 assets of Rs. 54,843 crore and Rs. 52,888 crore, respectively.
All other fund houses have B30 assets of less than Rs. 50,000 crore each.
Of the total monthly average AUM, quant MF drew 24% of its assets from B30 cities - the highest amongst all fund houses. In addition to quant, four more fund houses namely - UTI MF, Canara Robeco MF, SBI MF and PPFAS MF drew 20% or more from these cities.
The total monthly average AUM of the top 25 fund houses as on Sept 30, 2022 is Rs. 39.36 lakh crore. Of this B30 assets constitute 17% or Rs. 6.63 lakh crore.
* Rs. in crore
