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An analysis of AUM data of the top 25 fund houses done by Cafemutual shows that SBI MF, ICICI Prudential MF and HDFC MF are the top three fund houses in terms of T30 assets. These fund houses have assets amounting to Rs. 5.74 lakh crore, Rs. 4.17 lakh crore and Rs. 3.77 lakh crore as on December 31, 2022, respectively.
Kotak MF and Aditya Birla Sun Life MF rank fourth and fifth, respectively. They independently manage Rs. 2.58 lakh crore and Rs. 2.37 lakh crore of T30 assets. Nippon India MF closely follows Aditya Birla Sun Life MF and manages a similar asset base.
Axis MF (Rs. 2.02 lakh crore), UTI MF (Rs. 1.86 lakh crore), IDFC MF (Rs. 1.08 lakh crore) and Mirae Asset MF (Rs. 1.01 lakh crore) occupy the next four spots.
In percentage terms, majority of the top 25 fund houses have 80% or more of their assets in T30 cities. Edelweiss MF takes the lead here with 96% of its total assets in such cities. IDFC MF (91%), Kotak MF (89%), HSBC MF (88%) and Invesco MF (88%) follow next.
Overall, of the total average AUM of Rs. 40.32 lakh crore of the top 25 fund houses, 83% or Rs. 33.44 lakh crore is in T30 cities.
* Figures in crore
