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Analysis of monthly average AUM data of the top 25 fund houses (in terms of Sept 2022 quarter average AUM) done by Cafemutual shows that SBI MF manages the largest share of T30 assets. With an asset of Rs. 5.56 lakh crore, the fund house takes a lead in T30 cities.
ICICI Prudential MF and HDFC MF manage the next highest share of Rs. 4.11 lakh crore and Rs. 3.60 lakh crore, respectively in T30 cities.
Collectively they manage Rs. 13.26 lakh crore or 41% of the total T30 assets of the top 25 fund houses.
Notably, nine fund houses have over Rs. 1 lakh crore assets in T30 cities. These include the top three and Kotak MF, Aditya Birla Sun Life MF, Nippon India MF, Axis MF, UTI MF and IDFC MF.
In percentage terms, Edelweiss MF, HSBC MF, IDFC MF and Kotak MF have 90% or more of their assets in T30 cities.
Overall, of the total monthly Average AUM of Rs. 39.36 lakh crore as on Sept 30, 2022, 83% or Rs. 32.73 lakh crore is from T30 cities.
* Rs. in crore
