Listen to this article
The top 30 fund houses (in terms of September 2023 quarterly average AUM) manage assets of Rs 47.54 lakh crore as on September 2023. Of this, regular plans form 55% or Rs 26.18 lakh crore.
These figures indicate that regular plans stay dominant despite the rising popularity of direct plans.
Further analysis of fund houses’ individual AUM shows that SBI MF, ICICI Prudential MF and HDFC MF occupy the top three spots in regular business. They have an asset base of Rs 3.47 lakh crore, Rs 3.25 lakh crore and Rs 3.18 lakh crore, respectively.
UTI MF and Kotak MF occupy the next two spots with Rs 1.96 lakh crore and Rs 1.77 lakh crore of assets.
In addition to the above five, three more fund houses have regular assets of over Rs 1 lakh crore - Nippon India MF (Rs 1.71 lakh crore), Aditya Birla Sun Life MF (Rs 1.61 lakh crore) and Axis MF (Rs 1.45 lakh crore).
Also, Mirae Asset MF (Rs 92,304 crore) and Edelweiss MF (Rs 86,953 crore) make it to the list of top 10 in terms of regular business.
In a pure percentage basis, regular plans contribute 87% to the MF business of Mahindra Manulife MF, the highest among others. Franklin Templeton MF receives 80% followed by Sundaram MF and NJ MF who receive 79% each.
While Edelweiss MF and Canara Robeco MF follow next, both have a similar proportion of regular assets i.e. 77%.
Three more fund houses have over 70% share of regular plans. These are Union MF (76%), ITI MF (75%) and UTI MF (73%).
|
Mutual Fund |
Regular Average AUM in Crore |
Total Monthly Average AUM in Crore |
% Regular Average AUM |
|
SBI (1) |
3,47,248 |
8,37,899 |
41% |
|
ICICI Prudential (2) |
3,25,022 |
5,92,613 |
55% |
|
HDFC (3) |
3,18,276 |
5,33,553 |
60% |
|
UTI (7) |
1,96,182 |
2,67,712 |
73% |
|
Kotak (5) |
1,76,901 |
3,37,951 |
52% |
|
Nippon India (4) |
1,70,941 |
3,61,813 |
47% |
|
Aditya Birla Sun Life (6) |
1,61,115 |
3,06,364 |
53% |
|
Axis (8) |
1,45,071 |
2,60,750 |
56% |
|
Mirae Asset (9) |
92,304 |
1,44,375 |
64% |
|
Edelweiss (13) |
86,953 |
1,12,382 |
77% |
|
DSP (10) |
80,657 |
1,32,369 |
61% |
|
Tata (11) |
64,746 |
1,30,013 |
50% |
|
Bandhan (Erstwhile IDFC) (12) |
60,431 |
1,25,633 |
48% |
|
Franklin Templeton (16) |
60,227 |
75,327 |
80% |
|
Canara Robeco (15) |
59,512 |
77,352 |
77% |
|
HSBC (14) |
57,117 |
99,825 |
57% |
|
Sundaram (18) |
39,464 |
49,993 |
79% |
|
Invesco (17) |
33,877 |
59,819 |
57% |
|
Motilal Oswal (20) |
22,605 |
36,144 |
63% |
|
Baroda BNP Paribas (22) |
19,643 |
32,099 |
61% |
|
PPFAS (19) |
17,958 |
47,954 |
37% |
|
quant (21) |
17,271 |
35,317 |
49% |
|
PGIM India (24) |
16,051 |
23,346 |
69% |
|
LIC (23) |
13,673 |
25,206 |
54% |
|
Mahindra Manulife (25) |
11,908 |
13,734 |
87% |
|
Union (26) |
9,982 |
13,067 |
76% |
|
NJ (30) |
3,711 |
4,727 |
79% |
|
ITI (29) |
3,697 |
4,911 |
75% |
|
Bank of India (28) |
3,498 |
5,328 |
66% |
|
360 ONE (Erstwhile IIFL) (27) |
2,801 |
6,426 |
44% |
|
Grand Total |
26,18,843 |
47,54,001 |
55% |
*1 - The fund houses are serially mentioned in the order of September 2023 regular average AUM
*2 - Numbers mentioned in brackets are September 2023 rankings
