Listen to this article
An analysis of AMFI yearly data shows that SBI MF reports the highest absolute growth of Rs 1.44 lakh crore in AUM. The fund house’s assets grew from Rs 6.83 lakh crore as on September 2022 to Rs 8.27 lakh crore as on September 2023.
ICICI Prudential MF reports the second-highest growth of Rs 1.05 lakh crore and its average AUM went up from Rs 4.76 lakh crore to Rs 5.82 lakh crore over the last year.
Notably, these are the only two fund houses to report an annual rise of over Rs 1 lakh crore.
However, three fund houses - HDFC MF, Nippon India MF and Kotak MF witnessed a growth of over Rs 50,000 crore. Their average AUM increased by Rs 95,469 crore, Rs 65,510 crore and Rs 51,629 crore, respectively.
Individually, HDFC MF, Nippon India MF and Kotak MF manage Rs 5.25 lakh crore, Rs 3.51 lakh crore and Rs 3.34 lakh crore as on September 2023.
Tata MF (Rs 36,314 crore), UTI MF (Rs 33,218 crore), Mirae Asset MF (Rs 29,661 crore), Aditya Birla Sun Life MF (Rs 28,319 crore) and Edelweiss MF (Rs 22,382 crore) are the next top-five fund houses in terms of absolute growth.
Here are the top ten fund houses in absolute terms. Figures mentioned are in crore.
|
Sr No |
Mutual Fund |
Average AUM (Sep Qtr 23) |
Average AUM (Sep Qtr 22) |
Change |
% Change |
|
1 |
SBI |
8,26,934 |
6,82,607 |
1,44,326 |
21% |
|
2 |
ICICI Prudential |
5,81,566 |
4,76,191 |
1,05,376 |
22% |
|
3 |
HDFC |
5,24,740 |
4,29,271 |
95,469 |
22% |
|
4 |
Nippon India |
3,50,564 |
2,85,054 |
65,510 |
23% |
|
5 |
Kotak |
3,33,687 |
2,82,058 |
51,629 |
18% |
|
6 |
Tata |
1,27,598 |
91,284 |
36,314 |
40% |
|
7 |
UTI |
2,66,813 |
2,33,595 |
33,218 |
14% |
|
8 |
Mirae Asset |
1,38,918 |
1,09,256 |
29,661 |
27% |
|
9 |
Aditya Birla Sun Life |
3,10,899 |
2,82,580 |
28,319 |
10% |
|
10 |
Edelweiss |
1,10,972 |
88,590 |
22,382 |
25% |
On the other hand, in terms of percentage growth, WhiteOak Capital MF takes a huge lead with a 534% increase in average AUM. This significant growth is largely attributed to the modest asset base of Rs 662 crore last year which multiplied to Rs 4,200 crore.
Similarly, quant MF and Navi MF show over 100% jump in their asset base. Their average AUM improved to Rs 31,748 crore and Rs 3,600 crore as on September 2023, respectively.
The next-highest surge is of Samco MF at 96%, which is then followed by ITI MF, Bank of India MF and PPFAS MF where the asset base grew by 61% each.
At the industry level, the total assets increased by 20% or Rs 7.94 lakh crore. As on September 2023, they stand at Rs 46.99 lakh crore, as against Rs 39.06 lakh crore last year.
Here are the top ten fund houses in percentage terms. Figures mentioned are in crore.
|
Sr No |
Mutual Fund |
Average AUM (Sep Qtr 23) |
Average AUM (Sep Qtr 22) |
Change |
% Change |
|
1 |
WhiteOak Capital |
4,200 |
662 |
3,537 |
534% |
|
2 |
quant |
31,748 |
11,155 |
20,593 |
185% |
|
3 |
Navi |
3,600 |
1,736 |
1,864 |
107% |
|
4 |
Samco |
1,268 |
647 |
621 |
96% |
|
5 |
ITI |
4,712 |
2,927 |
1,785 |
|
|
Bank of India |
4,915 |
3,054 |
1,861 |
61% |
|
|
PPFAS |
45,608 |
28,411 |
17,197 |
61% |
|
|
6 |
Tata |
1,27,598 |
91,284 |
36,314 |
40% |
|
7 |
Mahindra Manulife |
12,582 |
9,171 |
3,411 |
37% |
|
Baroda BNP Paribas |
31,260 |
22,895 |
8,364 |
37% |
|
|
8 |
Invesco |
57,679 |
42,273 |
15,406 |
36% |
|
Canara Robeco |
74,916 |
55,149 |
19,767 |
36% |
|
|
9 |
Union |
12,466 |
9,390 |
3,075 |
33% |
|
10 |
360 ONE (Erstwhile IIFL) |
6,205 |
4,691 |
1,514 |
32% |
