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SBI MF, ICICI Prudential MF and HDFC MF continue to be the top three fund houses in terms of quarterly average AUM, shows the latest AMFI data.
SBI MF tops the list with AUM of Rs. 7.17 lakh crore as on March 2023. ICICI Prudential MF and HDFC follow SBI MF for the second and third position with AUM of Rs. 5 lakh crore and Rs. 4.50 lakh crore.
Notably, the next 6 rankings are also similar to December 2022 rankings.
Nippon India MF (Rs. 2.93 lakh crore), Kotak Mahindra MF (Rs. 2.89 lakh crore), Aditya Birla Sun Life MF (Rs. 2.75 lakh crore), Axis MF (Rs. 2.41 lakh crore), UTI MF (Rs. 2.39 lakh crore), and Bandhan MF/erstwhile IDFC MF (Rs. 1.17 lakh crore) serially occupy the following six spots i.e. fourth to ninth.
Mirae Asset MF made its entry to the top ten club by overtaking DSP MF. The two fund houses manage Rs. 1.16 lakh crore and Rs. 1.15 lakh crore, respectively.
Overall, the industry assets grew from Rs. 40.27 lakh crore as on December 2022 to Rs. 40.50 lakh crore as on March 2023.
In percentage terms, WhiteOak Capital MF and quant MF are the fastest-growing fund houses. From a modest asset base, WhitOak Capital MF shows a 43% growth and quant MF reports a 25% growth. These fund houses respectively manage Rs. 2,361 crore and Rs. 18,761 crore as on March 2023 respectively.
(Rs. in crore)
|
Mutual Fund |
Mar -23 Avg AUM |
Dec -22 Avg AUM |
Change |
% Change |
|
SBI |
7,17,161 |
7,12,362 |
4,799 |
0.67% |
|
ICICI Prudential |
4,99,625 |
4,88,081 |
11,544 |
2.37% |
|
HDFC |
4,49,766 |
4,44,796 |
4,970 |
1.12% |
|
Nippon India |
2,93,159 |
2,92,803 |
356 |
0.12% |
|
Kotak Mahindra |
2,89,344 |
2,86,600 |
2,744 |
0.96% |
|
Aditya Birla Sun Life |
2,75,204 |
2,81,717 |
-6,513 |
-2.31% |
|
Axis |
2,41,415 |
2,48,220 |
-6,805 |
-2.74% |
|
UTI |
2,38,791 |
2,40,841 |
-2,050 |
-0.85% |
|
Bandhan (Erstwhile IDFC MF) |
1,16,906 |
1,18,899 |
-1,993 |
-1.68% |
|
Mirae Asset |
1,16,270 |
1,15,194 |
1,075 |
0.93% |
|
DSP |
1,14,722 |
1,16,096 |
-1,375 |
-1.18% |
|
Edelweiss |
1,00,593 |
93,165 |
7,428 |
7.97% |
|
Tata |
98,426 |
94,532 |
3,894 |
4.12% |
|
HSBC |
83,328 |
85,840 |
-2,512 |
-2.93% |
|
Franklin Templeton |
63,116 |
63,992 |
-876 |
-1.37% |
|
Canara Robeco |
62,485 |
60,547 |
1,938 |
3.20% |
|
Invesco |
46,444 |
45,850 |
594 |
1.29% |
|
Sundaram |
44,623 |
44,657 |
-35 |
-0.08% |
|
PPFAS |
33,716 |
31,332 |
2,384 |
7.61% |
|
Motilal Oswal |
29,579 |
30,016 |
-437 |
-1.46% |
|
Baroda BNP Paribas |
24,507 |
23,744 |
763 |
3.22% |
|
PGIM India |
21,437 |
21,116 |
321 |
1.52% |
|
quant |
18,761 |
15,013 |
3,748 |
24.97% |
|
LIC |
17,639 |
17,978 |
-339 |
-1.89% |
|
Union |
10,011 |
9,808 |
203 |
2.07% |
|
Mahindra Manulife |
9,821 |
9,277 |
544 |
5.86% |
|
IIFL |
4,616 |
4,684 |
-68 |
-1.46% |
|
NJ |
4,300 |
4,770 |
-470 |
-9.86% |
|
IDBI |
3,690 |
3,867 |
-177 |
-4.58% |
|
ITI |
3,612 |
3,298 |
314 |
9.51% |
|
Bank of India |
3,394 |
3,362 |
31 |
0.93% |
|
JM Financial |
2,969 |
3,256 |
-287 |
-8.81% |
|
WhiteOak Capital |
2,361 |
1,655 |
706 |
42.67% |
|
Navi |
2,210 |
2,184 |
25 |
1.16% |
|
Quantum |
1,909 |
1,872 |
37 |
1.97% |
|
IL&FS (IDF) |
1,334 |
1,455 |
-121 |
-8.28% |
|
Trust |
1,190 |
1,097 |
92 |
8.40% |
|
Samco |
781 |
735 |
46 |
6.28% |
|
Taurus |
513 |
535 |
-22 |
-4.05% |
|
Indiabulls |
512 |
593 |
-82 |
-13.74% |
|
IIFCL (IDF) |
* |
634 |
NA |
NA |
|
Shriram |
* |
296 |
NA |
NA |
|
Grand Total |
40,50,235 |
40,26,769 |
23,466 |
0.58% |
* Details were not available at the time of filing the story
