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Cafemutual recently released equity ranking of top 20 fund houses. However, a few fund houses included assets from hybrid, arbitrage and index funds in their average equity AUM.
To make an apple-to-apple comparison, we have revised our list of top fund houses with highest assets in pure equity funds and ELSS.
With this, SBI MF, ICICI Prudential MF, Axis MF, HDFC MF and Nippon MF are now the top five fund houses. These fund houses individually managed Rs. 1.64 lakh crore, Rs. 1.57 lakh crore, Rs. 1.47 lakh crore, Rs. 1.44 lakh crore and Rs. 1.06 lakh crore of equity assets. These rankings are similar to September 2022 rankings.
In absolute terms, 5 fund houses added equity assets of over Rs. 5,000 crore in the last quarter. These include SBI MF (Rs. 11,342 crore), ICICI Prudential MF (Rs. 10,898 crore), HDFC MF (Rs. 10,837 crore), Kotak MF (Rs. 7,482 crore) and Nippon India Mf (Rs. 6,738 crore).
Here is the equity ranking of the top 20 fund houses. 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
* Monthly AUM is considered where asset-wise classification of quarterly AUM is not available
