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Nippon India MF, ICICI Prudential MF and Axis MF command the highest number of folios as on March 2023, shows an analysis of AMFI data. As on March 2023, they collectively have 4.92 crore folios or 34% of the total 14.57 crore folios in the industry.
With 1.96 crore folios, Nippon India MF leads the pack in terms of the total number of folios. The fund house added over 26 lakh folios during the last financial year. Next in the list are ICICI Prudential MF and Axis MF. Both the fund houses added 19.21 lakh and 92,511 folios to increase their folio count to 1.67 crore and 1.29 crore, respectively.
Apart from the top three, SBI MF, UTI MF and HDFC MF manage more than one crore folios each.
In absolute terms, Nippon India MF and ICICI Prudential MF also topped in terms of new additions. HSBC MF followed next as it added 15.71 lakh folios. The rise in folio count in the case of HSBC MF is mainly due to the acquisition of L&T MF in 2022.
In terms of percentage growth, HSBC MF, quant MF and Canara Robeco MF reported the highest growth rates of 858%, 161% and 40% respectively.
Overall, the top 30 fund houses (in terms of March 2023 Average AUM) manage 14.41 crore folios, 13% higher than March 2022.
