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A report released by Kotak Institutional Equities shows that ICICI Prudential, HDFC and SBI are the top three fund houses in terms of actively managed equity-oriented market share in FY 2023.
Interestingly, ICICI Prudential MF has the highest market share of 13% of the total equity assets under actively managed funds. HDFC MF and SBI MF follow ICICI Pru
MF with market share of 12.6% and 12.2%, respectively.
in the list are Axis MF (7.1%), Kotak MF (7%), Nippon India life (6.4%) and ABSL MF (5.5%) having market share of at least 5%.
The data shows that the top 13 fund houses command market share of 83.5% in terms of actively managed equity assets.
Market share of actively managed equity funds
|
Fund houses |
Market share of actively managed equity funds |
|
ICICI Prudential |
13 |
|
SBI |
12.6 |
|
HDFC |
12.2 |
|
Axis |
7.1 |
|
Kotak |
7 |
|
Nippon Life India |
6.4 |
|
Aditya Birla Sun Life |
5.5 |
|
Mirae |
4.9 |
|
UTI |
4.5 |
|
DSP |
3.4 |
|
Tata |
2.8 |
|
Franklin Templeton |
2.6 |
|
IDFC |
1.5 |
|
Top 13 |
83.5 |
According to the Foundation of Financial Advisors Association (FIFA), equity-oriented schemes comprise 50% of the total AUM but generate 84% of the total revenue
