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SBI MF, ICICI Prudential MF and HDFC MF continue to occupy the top three spots, shows the latest AMFI AUM data.
Going by these numbers, SBI MF individually manages assets of Rs 8.27 lakh crore as on September 2023. ICICI Prudential MF and HDFC MF manage the next highest asset base of Rs 5.82 lakh crore and Rs 5.25 lakh crore, respectively.
The next three rankings are also the same - Nippon India MF, Kotak MF and Aditya Birla Sun Life MF occupy the fourth, fifth and sixth spots, similar to the June quarter 2023 ranking. Their asset base individually stands at Rs 3.51 lakh crore, Rs 3.34 lakh crore and Rs 3.11 lakh crore, respectively.
However, the next two rankings have slightly changed. While UTI MF climbed one position to the seventh spot, Axis MF slipped one position to the eighth spot. They manage Rs 2.67 lakh crore and Rs 2.60 lakh crore, respectively.
On the other hand, Mirae Asset MF held the ninth spot with an average AUM of Rs 1.39 lakh crore.
Interestingly, nine out of the top ten names have remained the same except DSP MF, which entered the top-10 list this time. With an asset base of Rs 1.30 lakh crore, it overtook Bandhan MF (erstwhile IDFC MF) to occupy the tenth spot.
In absolute terms, the top three fund houses i.e. SBI MF, ICICI Prudential MF and HDFC MF reported the highest growth. Their assets collectively grew by Rs 1.54 lakh crore.
However, in pure percentage terms, Samco MF takes the lead. Owing to its modest base, the assets grew by over 50%. Two other fund houses, WhiteOak Capital MF and quant MF report over 30% growth.
Here’s how the fund houses have grown quarter on quarter. Figures mentioned are in crore.
|
Sep Qtr 23 Ranking |
Mutual Fund |
Avg AUM (Sep Qtr 23) |
Avg AUM (Jun Qtr 23) |
Change |
% Change |
|
1 |
SBI |
8,26,934 |
7,62,348 |
64,586 |
8% |
|
2 |
ICICI Prudential |
5,81,566 |
5,31,327 |
50,239 |
9% |
|
3 |
HDFC |
5,24,740 |
4,85,748 |
38,992 |
8% |
|
4 |
Nippon India |
3,50,564 |
3,13,598 |
36,966 |
12% |
|
5 |
Kotak |
3,33,687 |
3,09,862 |
23,825 |
8% |
|
6 |
Aditya Birla Sun Life |
3,10,899 |
2,96,937 |
13,962 |
5% |
|
7 |
UTI |
2,66,813 |
2,48,088 |
18,725 |
8% |
|
8 |
Axis |
2,59,795 |
2,48,160 |
11,635 |
5% |
|
9 |
Mirae Asset |
1,38,918 |
1,22,802 |
16,116 |
13% |
|
10 |
DSP |
1,30,149 |
1,17,726 |
12,423 |
11% |
|
11 |
Tata |
1,27,598 |
1,11,151 |
16,447 |
15% |
|
12 |
Bandhan (erstwhile IDFC) |
1,24,582 |
1,18,168 |
6,414 |
5% |
|
13 |
Edelweiss |
1,10,972 |
1,05,550 |
5,422 |
5% |
|
14 |
HSBC |
97,641 |
87,926 |
9,715 |
11% |
|
15 |
Canara Robeco |
74,916 |
67,532 |
7,384 |
11% |
|
16 |
Franklin Templeton |
73,020 |
65,749 |
7,271 |
11% |
|
17 |
Invesco |
57,679 |
50,054 |
7,625 |
15% |
|
18 |
Sundaram |
49,195 |
45,612 |
3,583 |
8% |
|
19 |
PPFAS |
45,608 |
39,110 |
6,498 |
17% |
|
20 |
Motilal Oswal |
34,998 |
31,593 |
3,405 |
11% |
|
21 |
quant |
31,748 |
23,366 |
8,382 |
36% |
|
22 |
Baroda BNP Paribas |
31,260 |
27,716 |
3,544 |
13% |
|
23 |
LIC *1 |
24,257 |
22,248 |
2,009 |
9% |
|
24 |
PGIM India |
23,548 |
22,518 |
1,030 |
5% |
|
25 |
Mahindra Manulife |
12,582 |
10,262 |
2,320 |
23% |
|
26 |
Union |
12,466 |
10,765 |
1,701 |
16% |
|
27 |
360 ONE (Erstwhile IIFL) |
6,205 |
5,421 |
784 |
14% |
|
28 |
Bank of India |
4,915 |
4,144 |
771 |
19% |
|
29 |
ITI |
4,712 |
4,037 |
675 |
17% |
|
30 |
NJ |
4,470 |
4,361 |
109 |
2% |
|
31 |
WhiteOak Capital |
4,200 |
3,018 |
1,182 |
39% |
|
32 |
Bajaj Finserv *2 |
3,924 |
NA |
NA |
NA |
|
33 |
JM Financial |
3,845 |
3,154 |
691 |
22% |
|
34 |
Navi |
3,600 |
3,049 |
551 |
18% |
|
35 |
Quantum |
2,024 |
1,932 |
92 |
5% |
|
36 |
IL&FS (IDF) |
1,511 |
1,382 |
129 |
9% |
|
37 |
Samco |
1,268 |
815 |
453 |
56% |
|
38 |
Trust |
1,185 |
1,163 |
22 |
2% |
|
39 |
Taurus |
597 |
533 |
64 |
12% |
|
40 |
Groww *3 |
438 |
377 |
61 |
16% |
|
41 |
Shriram |
302 |
275 |
26 |
10% |
|
42 |
IIFCL (IDF) *4 |
- |
639 |
NA |
NA |
|
Grand Total |
46,99,329 |
43,10,221 |
3,89,108 |
9% |
|
*1 - LIC MF completed the takeover of IDBI MF schemes in July 2023. Thus, for an apple-to-apple comparison, we have combined the average AUM of both fund houses for June quarter 2023
*2 - Bajaj Finserv MF debuted with two NFOs on June 29, 2023 which were open for subscription until July 4, 2023
*3 - Groww MF acquired Indiabulls MF in May 2023
*4 - Details of IIFCL MF (IDF) were not available at the time of filing the story
