Listen to this article
SBI MF retains the top spot with an average equity AUM of Rs. 1.64 lakh crore, reveals an analysis of the top 20 fund houses done by Cafemutual.
Likewise, ICICI Prudential MF and Axis MF held on to their second and third ranking respectively. They individually reported average equity AUM of Rs. 1.57 lakh crore and Rs. 1.47 lakh crore.
While SBI MF and ICICI Prudential MF saw 7% quarterly growth, Axis MF recorded 1% growth.
Notably, with massive growth of 51%, Kotak MF climbed up three spots to secure the fourth rank. The fund house managed an average equity AUM of Rs. 1.45 lakh crore. As against the previous ranking, HDFC MF slipped one position to rank five. The fund house reported 8% quarterly growth and managed an average equity AUM of Rs. 1.44 lakh crore.
In absolute terms, Kotak MF took the lead. The fund house added Rs. 49,287 crore over the last quarter. SBI MF (Rs. 11,342 crore) and ICICI Prudential MF (Rs. 10,898 crore) saw the next highest growth.
Of the 20 fund houses, 15 recorded quarterly growth of 5% or more.
Here is the equity ranking of the top 20 fund houses along with their quarterly performance. Figures mentioned are in crore.
Notes:
* Average AUM in case of Canara Robeco MF is as on January 6, 2023
* HSBC MF completed the acquisition of L&T MF in December 2022 quarter. For an apple-to-apple comparison, we have captured the total average AUM of both fund houses in September 22 quarter
