Which fund houses are the top debt players?

ICICI Prudential has the largest asset base of Rs 1.35 lakh crore in the debt market, as per July 2023 average AUM data. Not far behind is HDFC MF which occupies the second spot with debt assets of Rs 1.14 lakh crore.

Likewise, SBI MF also manages assets of over Rs 1 lakh crore i.e. Rs 1.09 lakh crore, the third-highest among others.

Following the top three are Aditya Birla Sun Life MF, Kotak MF, Bandhan MF (erstwhile IDFC MF) and Nippon India MF each of which manage over Rs 50,000 crore.

Finally, the top-10 list closes with Axis MF, UTI MF and HSBC MF with debt assets of Rs 43,753 crore, Rs 31,985 crore and Rs 20,124 crore, respectively.

Notably, these 10 fund houses collectively form 93% or Rs 7.16 lakh crore of the total debt book of Rs 7.72 lakh crore of the top 30 fund houses (in terms of June 2023 quarterly average AUM).

Here is the complete debt ranking.

* As on July 2023, NJ MF manages debt assets only through its overnight fund

Methodology

For debt ranking, we have excluded liquid/money market, multi asset allocation, aggressive hybrid, balanced and index schemes. However, we have included other debt funds like conservative hybrid funds.