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SBI MF, ICICI Prudential MF and HDFC MF are the top three fund houses in terms of regular plan assets, as per the latest average AUM details. They individually manage Rs. 3.09 lakh crore, Rs. 2.87 lakh crore and Rs. 2.78 lakh crore as on May 2023.
UTI MF, Kotak MF, Aditya Birla Sun Life MF, Nippon India MF and Axis MF occupy the next five spots and manage regular assets of over Rs. 1 lakh crore.
Edelweiss MF and Mirae Asset MF report Rs. 82,199 crore and Rs. 79,790 crore and close in the top ten list.
However, in percentage terms, Mahindra Manulife MF, NJ MF and Franklin Templeton MF take the lead. Their regular average AUM forms 92%, 81% and 80% of their total average AUM.
Notably, 23 out of the top 30 fund houses derive over 50% of their business from regular plans.
Ranking in terms of regular average AUM as on May 2023
(Figures in crore)
|
Ranking |
Fund House |
Regular AAUM |
Total Monthly AAUM |
Regular AAUM as a % of Total |
|
1 |
SBI |
3,08,534 |
7,62,933 |
40% |
|
2 |
ICICI Prudential |
2,87,067 |
5,29,128 |
54% |
|
3 |
HDFC |
2,77,877 |
4,81,936 |
58% |
|
4 |
UTI |
1,78,215 |
2,47,696 |
72% |
|
5 |
Kotak |
1,57,466 |
3,08,958 |
51% |
|
6 |
Aditya Birla Sun Life |
1,51,141 |
2,93,905 |
51% |
|
7 |
Nippon India |
1,43,522 |
3,10,879 |
46% |
|
8 |
Axis |
1,41,464 |
2,48,849 |
57% |
|
9 |
Edelweiss |
82,199 |
1,04,890 |
78% |
|
10 |
Mirae Asset |
79,790 |
1,22,888 |
65% |
|
11 |
DSP |
72,849 |
1,16,815 |
62% |
|
12 |
Bandhan (Erstwhile IDFC) |
56,378 |
1,18,129 |
48% |
|
13 |
Tata |
54,984 |
1,10,452 |
50% |
|
14 |
Franklin Templeton |
52,252 |
65,529 |
80% |
|
15 |
Canara Robeco |
52,058 |
67,752 |
77% |
|
16 |
HSBC |
49,859 |
87,647 |
57% |
|
17 |
Sundaram |
35,533 |
45,448 |
78% |
|
18 |
Invesco |
28,556 |
49,699 |
57% |
|
19 |
Motilal Oswal |
19,520 |
31,543 |
62% |
|
20 |
Baroda BNP Paribas |
16,683 |
27,453 |
61% |
|
21 |
PGIM India |
15,143 |
22,557 |
67% |
|
22 |
PPFAS |
14,770 |
39,153 |
38% |
|
23 |
quant |
11,575 |
23,244 |
50% |
|
24 |
LIC |
9,884 |
18,356 |
54% |
|
25 |
Mahindra Manulife |
9,333 |
10,197 |
92% |
|
26 |
Union |
8,403 |
10,775 |
78% |
|
27 |
NJ |
3,598 |
4,461 |
81% |
|
28 |
ITI |
3,057 |
3,997 |
76% |
|
29 |
IDBI |
2,931 |
3,699 |
79% |
|
30 |
360 One (Erstwhile IIFL) |
2,173 |
5,459 |
40% |
|
Total |
23,26,816 |
42,74,427 |
54% |
|
Methodology of ranking
Our analysis covers 30 fund houses with the highest quarterly average AUM as on March 2023.
We have segregated the regular average AUM of these fund houses from their May 2023 average AUM to assign rankings. Regular average AUM is nothing but the business derived through associate and non-associate distributors.
