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The value of the equity assets managed by top 20 fund houses increased by 9.5% to Rs. 21.30 lakh crore in FY 2022-23, as per Motilal Oswal Fund Folio Indian Mutual Fund Tracker. This annual change is greater than the 0.6% decline in the Nifty.
Motilal Oswal Fund Folio Indian Mutual Fund Tracker covers top 20 MFs in terms of equity exposure of all schemes including balanced and other schemes.
At Rs. 4.55 lakh crore, SBI MF is the largest fund house in terms of equity valuation, followed by ICICI Prudential MF (Rs. 2.48 lakh crore) and HDFC MF (Rs. 2.19 lakh crore).
Besides, six other fund houses have equity assets of over Rs. 1 lakh crore. These are Nippon India MF (Rs. 1.63 lakh crore), UTI MF (Rs. 1.60 lakh crore), Kotak MF (Rs. 1.38 lakh crore), Axis MF (Rs. 1.28 lakh crore) Aditya Birla Sun Life MF (Rs. 1.08 lakh crore) and Mirae Asset MF (Rs. 1.01 lakh crore).
In terms of percentage change, PPFAS MF reported the highest rise (55.6%) followed by PGIM India MF (32.1%) and Canara Robeco MF (30.1%).
Notes:
* Equity value represents the equity exposure of all MF schemes (including balanced and other schemes)
* Cash is derived by deducting equity AUM (Including foreign equity) from total AUM; only equity growth schemes have been considered for cash
* HSBC MF equity value for previous month and year includes L&T MF value for comparability
