Listen to this article
June 2023 data reveals that HDFC MF, SBI MF and ICICI Prudential MF are the top three fund houses in terms of retail assets. They individually manage retail assets of Rs 1.31 lakh crore, Rs 1.21 lakh crore and Rs 1.07 lakh crore, respectively.
Notably, these are the only three fund houses that have retail assets of over Rs 1 lakh crore. This hints at their strong popularity among retail investors.
Nippon India MF and Axis MF are the next preferred choices of retail investors and they both manage over Rs.90,000 crore of retail assets each.
UTI MF, Aditya Birla Sun Life MF, Mirae Asset MF, Kotak MF and DSP MF are the next five that made it to the top ten popular retail choices.
Overall, the top 30 fund houses (in terms of June 2023 quarterly average AUM) manage Rs 11.04 lakh crore of retail assets, which forms 25% of their total monthly average AUM of Rs 44.62 lakh crore.
In terms of retail AUM composition to the total assets, Franklin Templeton MF has the highest proportion of retail assets. Its retail asset base is 55% of the total average AUM.
Next in line are quant MF and PPFAS MF which have 48% of their total average AUM in retail assets. With 45%, 45% and 44%, Canara Robeco MF, Mirae Asset MF and Sundaram MF have the next highest proportion of such assets.
Here is the retail ranking of the top 30 fund houses as on June 2023. Figures mentioned are in crore.
|
Mutual Fund |
Retail Investor (Monthly AAUM) |
Total (Monthly AAUM) |
% of Total (Monthly AAUM) |
|
HDFC |
1,30,630 |
5,11,894 |
26% |
|
SBI |
1,21,378 |
7,87,680 |
15% |
|
ICICI Prudential |
1,07,480 |
5,48,332 |
20% |
|
Nippon India |
96,487 |
3,26,466 |
30% |
|
Axis |
90,060 |
2,56,357 |
35% |
|
UTI |
72,106 |
2,58,415 |
28% |
|
Aditya Birla Sun Life |
71,922 |
3,09,116 |
23% |
|
Mirae Asset |
57,623 |
1,27,586 |
45% |
|
Kotak |
51,854 |
3,23,342 |
16% |
|
DSP |
43,161 |
1,23,473 |
35% |
|
Franklin Templeton |
37,265 |
68,336 |
55% |
|
Canara Robeco |
31,885 |
70,198 |
45% |
|
Tata |
29,041 |
1,17,410 |
25% |
|
HSBC |
28,139 |
90,383 |
31% |
|
Sundaram |
20,756 |
46,831 |
44% |
|
PPFAS |
19,750 |
41,460 |
48% |
|
Bandhan (Erstwhile IDFC) |
17,827 |
1,20,554 |
15% |
|
Invesco |
14,221 |
53,985 |
26% |
|
quant |
12,360 |
25,618 |
48% |
|
Motilal Oswal |
11,181 |
33,051 |
34% |
|
PGIM India |
8,785 |
23,200 |
38% |
|
Edelweiss |
7,692 |
1,07,986 |
7% |
|
Baroda BNP Paribas |
6,650 |
29,624 |
22% |
|
Mahindra Manulife |
4,073 |
10,787 |
38% |
|
Union |
3,541 |
11,530 |
31% |
|
LIC |
3,462 |
19,225 |
18% |
|
Bank of India |
1,602 |
4,443 |
36% |
|
ITI |
1,271 |
4,266 |
30% |
|
360 ONE (Erstwhile IIFL) |
764 |
5,728 |
13% |
|
NJ |
715 |
4,397 |
16% |
|
Grand Total |
11,03,680 |
44,61,674 |
25% |
