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  • MF News Nippon India, ICICI Prudential and SBI, HDFC are top three in terms of folio count

    Nippon India, ICICI Prudential and SBI, HDFC are top three in terms of folio count

    HDFC, Nippon and ICICI Pru added highest number of folios in the last one year.
    Muzammil Bagdadi Sep 28, 2023

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    AMFI data shows that Nippon India MF, ICICI Prudential MF and SBI MF are the top three fund houses in terms of number of folios as on July 2023.

    Nippon India Mutual MF has over 2 crore folios as on July 2023, the highest across fund houses. The fund house has added over 20 lakh new folios in the last one year.

    ICICI Pru MF and SBI MF followed Nippon India MF with folio count of 1.70 crore and 1.27 crore as on July 2023, respectively.

    Also, HDFC MF, Axis MF and UTI MF are among the fund houses having more than 1 crore MF folios.

    Further, the data reveals that HDFC MF, Nippon India MF and ICICI Pru MF have seen highest growth in terms of number of new folios. HDFC MF added over 23 lakh folios in the last one year.

    In percentage terms, HSBC MF and quant MF saw the highest growth of 838% and 155% respectively. The significant growth in HSBC MF’s folio is due to acquisition of L&T MF.

    Let us look at the table to know more:

     

    Number of Folios

       

    Name of the
    Mutual Fund House

    Jul-23

    Jul-22

    New Folios

    Percentage
    (%)

    Nippon India

               2,04,59,636

               1,84,20,829

                   20,38,807

    11%

    ICICI Prudential

               1,74,16,587

               1,54,17,378

                   19,99,209

    13%

    SBI

               1,27,06,895

               1,12,09,177

                   14,97,718

    13%

    HDFC

               1,26,07,441

               1,02,41,700

                   23,65,741

    23%

    Axis

               1,25,56,164

               1,32,37,273

    -6,81,109

    -5%

    UTI

               1,21,53,509

               1,20,51,695

                     1,01,814

    1%

    Aditya Birla Sun Life

                   78,94,398

                   80,70,704

    -1,76,306

    -2%

    DSP

                   76,24,720

                   72,18,966

                     4,05,754

    6%

    Kotak

                   67,67,840

                   58,99,885

                     8,67,955

    15%

    Mirae Asset

                   57,16,702

                   53,80,451

                     3,36,251

    6%

    Canara Robeco

                   44,89,089

                   34,55,216

                   10,33,873

    30%

    Tata

                   44,46,430

                   38,00,723

                     6,45,707

    17%

    quant

                   32,50,378

                   12,72,805

                   19,77,573

    155%

    Franklin Templeton

                   28,39,614

                   28,02,272

                         37,342

    1%

    PPFAS

                   25,17,856

                   20,24,603

                     4,93,253

    24%

    Sundaram

                   22,52,674

                   22,95,694

    -43,020

    -2%

    Motilal Oswal

                   20,37,130

                   18,83,307

                     1,53,823

    8%

    Bandhan (Erstwhile IDFC)

                   18,77,098

                   15,97,625

                     2,79,473

    17%

    HSBC

                   17,22,570

                     1,83,711

                   15,38,859

    838%

    Invesco

                   15,28,753

                   15,54,927

    -26,174

    -2%

    PGIM India

                   14,03,754

                   11,67,924

                     2,35,830

    20%

    Edelweiss

                   11,93,873

                   10,26,461

                     1,67,412

    16%

    Baroda BNP Paribas

                   10,51,439

                     9,22,215

                     1,29,224

    14%

    LIC

                     8,22,808

                     5,67,219

                     2,55,589

    45%

    Mahindra Manulife

                     6,10,627

                     4,77,998

                     1,32,629

    28%

    Union

                     5,05,618

                     4,44,640

                         60,978

    14%

    Bank of India

                     3,29,175

                     2,82,039

                         47,136

    17%

    ITI

                     2,01,609

                     1,88,174

                         13,435

    7%

    360 ONE (Erstwhile IIFL)

                     1,51,020

                     1,51,562

    -542

    0%

    NJ

                     1,33,970

                     1,46,950

    -12,980

    -9%

    Total

    14,92,69,377

    13,33,94,123

    1,58,75,254

    12%

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