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SBI MF and ICICI Prudential MF remain the top two fund houses in terms of quarterly average equity AUM, shows AMFI data. They manage equity assets of Rs. 1.66 lakh crore and Rs. 1.60 lakh crore respectively as on March 2023.
With an equity asset base of Rs. 1.47 lakh crore, HDFC MF overtook Axis MF to occupy the third spot. Axis MF thus slipped one position and became the fourth-largest players with equity asset base of Rs. 1.38 lakh crore.
Notably, the other names in the top ten list remain unchanged. Nippon India MF (Rs. 1.06 lakh crore), Kotak MF (Rs. 1.04 lakh crore), Aditya Birla Sun Life MF (Rs. 94,545 crore), Mirae Asset MF (Rs. 93,928 crore), UTI MF (Rs. 70,494 crore) and DSP MF (Rs. 57,605 crore) occupy the following six positions.
In absolute terms, four fund houses added more than Rs. 2,000 crore of equity assets over the last quarter. These include HDFC MF (Rs. 3,116 crore), ICICI Prudential MF (Rs. 2,953 crore), quant MF (Rs. 2,926 crore) and PPFAS MF (Rs. 2,290).
And in percentage terms, quant MF and ITI MF are the only two fund houses to record double-digit quarterly growth. Their respective equity asset base grew by 23% and 17%.
However, the overall quarterly average AUM of the top 30 fund houses marginally decreased by 1% to Rs. 15.12 lakh crore in March 2023.
Ranking methodology
For our analysis, we have considered the top 30 fund houses with the highest quarterly average total AUM as on March 2023.
We have ranked these 30 fund houses based on quarterly average AUM in growth/equity-oriented schemes including ELSS funds as on March 2023. And, where the asset-wise classification of quarterly average AUM is not available, we considered monthly average AUM figures.
Equity ranking
* Figures in crore
** NJ MF is yet to venture into the equity space
