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An analysis of AUM data of the top 25 fund houses done by Cafemutual shows that SBI MF is the largest fund house in terms of B30 assets in December 2022.
As on December 2022, SBI MF manages B30 AUM of Rs. 1.48 lakh crore, the highest across all fund houses.
With an asset size of Rs. 80,551 crore and Rs. 77,270 crore, HDFC MF and ICICI Prudential MF rank second and third respectively.
Of the total assets of Rs.6.88 lakh crore in B30 cities, these three fund houses contribute 44% or Rs.3 lakh crore to the total B30 assets.
Nippon India MF (Rs. 56,229 crore) and UTI MF (Rs. 54,996 crore) occupy the next two spots. Notably, these five fund houses manage over Rs. 50,000 crore of B30 assets.
In percentage terms, Union MF tops the list with 33% of its assets coming from B30 locations. Quant MF and UTI MF followed Union MF by deriving 24% and 23% of their assets from B30 cities, respectively.
Next in the line are Canara Robeco MF and PPFAS MF with asset proportion of 21% each.
Overall, the top 25 fund houses have assets of Rs. 6.88 lakh crore in B30 cities. This forms 17% of their total asset base of Rs. 40.32 lakh crore.
* Figures in crore
