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June 2023 data shows that the top 30 fund houses (in terms of June 2023 quarterly average AUM) have Rs 20.50 lakh crore of direct average AUM. This accounts for 46% of their total monthly MF business.
In absolute terms, seven fund houses have over Rs 1 lakh crore of direct assets. With a direct average AUM of Rs 4.71 lakh crore, SBI MF takes a huge lead here. ICICI Prudential MF and HDFC MF follow next with Rs 2.52 lakh crore and Rs 2.24 lakh crore, respectively.
Nippon India MF, Kotak MF, Aditya Birla Sun Life MF and Axis MF are the other four fund houses in the Rs 1 lakh crore-plus group. They have direct assets of Rs 1.75 lakh crore, Rs 1.59 lakh crore, Rs 1.53 lakh crore and Rs 1.11 lakh crore, respectively.
Further analysis reveals that direct plans contribute over 50% to the total business for six fund houses. These include PPFAS MF, 360 ONE MF (erstwhile IIFL MF), SBI MF, Nippon India MF, Bandhan MF (erstwhile IDFC MF) and Tata MF. Notably, SBI MF and Nippon India MF are the only two fund houses from the Rs 1 lakh crore-plus group that feature here.
Here is the ranking of the top 30 fund houses in terms of direct average AUM. Figures mentioned are in crore.
|
No |
Mutual Fund |
Direct Plan (Monthly AAUM) |
Total (Monthly AAUM) |
% of Total |
|
1 |
SBI |
4,70,891 |
7,87,680 |
60% |
|
2 |
ICICI Prudential |
2,51,848 |
5,48,332 |
46% |
|
3 |
HDFC |
2,23,870 |
5,11,894 |
44% |
|
4 |
Nippon India |
1,74,741 |
3,26,466 |
54% |
|
5 |
Kotak |
1,59,195 |
3,23,342 |
49% |
|
6 |
Aditya Birla Sun Life |
1,52,628 |
3,09,116 |
49% |
|
7 |
Axis |
1,11,216 |
2,56,357 |
43% |
|
8 |
UTI |
74,482 |
2,58,415 |
29% |
|
9 |
Bandhan (Erstwhile IDFC) |
63,119 |
1,20,554 |
52% |
|
10 |
Tata |
59,514 |
1,17,410 |
51% |
|
11 |
DSP |
47,504 |
1,23,473 |
38% |
|
12 |
Mirae Asset |
44,820 |
1,27,586 |
35% |
|
13 |
HSBC |
38,814 |
90,383 |
43% |
|
14 |
PPFAS |
25,854 |
41,460 |
62% |
|
15 |
Invesco |
23,593 |
53,985 |
44% |
|
16 |
Edelweiss |
23,315 |
1,07,986 |
22% |
|
17 |
Canara Robeco |
16,307 |
70,198 |
23% |
|
18 |
Franklin Templeton |
13,972 |
68,336 |
20% |
|
19 |
quant |
12,810 |
25,618 |
50% |
|
20 |
Motilal Oswal |
12,391 |
33,051 |
37% |
|
21 |
Baroda BNP Paribas |
11,688 |
29,624 |
39% |
|
22 |
Sundaram |
10,275 |
46,831 |
22% |
|
23 |
LIC |
9,137 |
19,225 |
48% |
|
24 |
PGIM India |
7,535 |
23,200 |
32% |
|
25 |
360 ONE (Erstwhile IIFL) |
3,450 |
5,728 |
60% |
|
26 |
Union |
2,772 |
11,530 |
24% |
|
27 |
Bank of India |
1,363 |
4,443 |
31% |
|
28 |
ITI |
1,026 |
4,266 |
24% |
|
29 |
Mahindra Manulife |
908 |
10,787 |
8% |
|
30 |
NJ |
898 |
4,397 |
20% |
|
Grand Total |
20,49,936 |
44,61,674 |
46% |
|
