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An analysis of AUM data of fund houses over the last one year shows that SBI Mutual Fund and Mirae Asset Mutual Fund were the fastest growing fund houses in absolute and percentage terms, respectively as on June 2023.
SBI MF has added close to Rs.1.15 lakh crore to the AUM kitty in the last one year. Its AUM went up to Rs.7.62 lakh crore. In absolute terms, HDFC MF and ICICI Prudential MF were the next two fund houses in terms of AUM growth. These two AMCs have seen their AUM kitty growing by over Rs.65000 crore in one year.
Other than Axis and Bandhan, all fund houses in the top 10 list added over Rs.15000 crore in a year.
Overall, the top ten fund houses (as per June 2023 average AUM rankings) have collectively added Rs. 3.78 lakh crore growth to their asset base. Their average AUM increased from Rs. 30.59 lakh crore as on June 2022 to Rs. 34.37 lakh crore as on June 2023.
|
Fund House |
June - 23 Avg AUM |
June - 22 Avg AUM |
Change |
|
SBI |
7,62,348 |
6,47,474 |
1,14,873 |
|
HDFC |
4,85,748 |
4,15,307 |
70,442 |
|
ICICI Prudential |
5,31,327 |
4,65,468 |
65,859 |
|
Nippon India |
3,13,598 |
2,79,431 |
34,167 |
|
Kotak |
3,09,862 |
2,82,002 |
27,860 |
|
UTI |
2,48,088 |
2,24,279 |
23,808 |
|
Mirae Asset |
1,22,802 |
1,00,726 |
22,076 |
|
Aditya Birla Sun Life |
2,96,895 |
2,81,527 |
15,368 |
|
Axis |
2,48,160 |
2,45,510 |
2,651 |
|
Bandhan (Erstwhile IDFC) |
1,18,168 |
1,16,928 |
1,240 |
|
Total |
34,36,997 |
30,58,652 |
3,78,345 |
* Figures in crore
Percentage growth
In percentage terms, Mirae Asset MF was the only fund house to report over 20% rise in its asset base. SBI MF and HDFC MF followed next with 18% and 17% growth. And, the growth rate for ICICI Prudential MF, Nippon India MF, UTI MF and Kotak MF ranged between 10% and 15%.
However, Aditya Birla Sun Life MF, Axis MF and Bandhan MF reported the least growth as their book size grew by 5%, 1% and 1%, respectively in one year.
|
Fund House |
June - 23 Avg AUM |
June - 22 Avg AUM |
% Change |
|
Mirae Asset |
1,22,802 |
1,00,726 |
22% |
|
SBI |
7,62,348 |
6,47,474 |
18% |
|
HDFC |
4,85,748 |
4,15,307 |
17% |
|
ICICI Prudential |
5,31,327 |
4,65,468 |
14% |
|
Nippon India |
3,13,598 |
2,79,431 |
12% |
|
UTI |
2,48,088 |
2,24,279 |
11% |
|
Kotak |
3,09,862 |
2,82,002 |
10% |
|
Aditya Birla Sun Life |
2,96,895 |
2,81,527 |
5% |
|
Axis |
2,48,160 |
2,45,510 |
1% |
|
Bandhan (Erstwhile IDFC) |
1,18,168 |
1,16,928 |
1% |
|
Total |
34,36,997 |
30,58,652 |
12% |
* Figures in crore
