Listen to this article
Analysis of September 2023 AUM data of the top 30 fund houses (in terms of September 2023 quarterly average AUM) shows SBI MF manages the largest share of T30 assets. With an AUM of Rs 6.61 lakh crore, it is the only fund house to have over Rs 5 lakh crore of such assets.
ICICI Prudential MF and HDFC MF occupy the second and third spots as their individual T30 asset base stand at Rs 4.98 lakh crore and Rs 4.35 lakh crore.
Kotak MF and Nippon India MF make it to the top five with T30 assets of Rs. 3 lakh crore and Rs 2.90 lakh crore, respectively.
Aditya Birla Sun Life MF and Axis MF respectively report Rs.2.53 lakh crore and Rs.2.12 lakh crore to occupy the sixth and seventh place.
Finally, the top ten list closes with UTI MF (Rs 2.07 lakh crore), Mirae Asset MF (Rs 1.23 lakh crore) and Bandhan MF (Rs 1.14 lakh crore).
Additionally, three more fund houses manage over Rs 1 lakh crore of T30 assets - DSP MF (Rs 1.12 lakh crore), Tata MF (Rs 1.08 lakh crore) and Edelweiss MF (Rs 1.07 lakh crore).
On the other hand, on a percentage basis, Edelweiss MF, Bandhan MF and 360 ONE MF occupy the top three spots. They individually have 96%, 91% and 91% of assets in T30 cities.
Not far behind are Kotak MF, HSBC MF and Invesco MF which have 89%, 88% and 87% of such assets.
Interestingly, three fund houses - Motilal Oswal MF, Mirae Asset MF and DSP MF have a similar proportion i.e. 85%. Next, ICICI Prudential MF, Tata MF and Aditya Birla Sun Life MF follow closely with respective shares of 84%, 83% and 83%.
Further, six more fund houses have over 80% of assets in T30 cities. These are LIC MF (82%), HDFC MF (81%), Axis MF (81%), PGIM India MF (81%), Baroda BNP Paribas MF (81%) and Sundaram MF (81%).
Here is how the fund houses are positioned in the T30 market.
|
Sr No |
Mutual Fund |
Total Monthly Average AUM in Crore |
T30 Average AUM |
% T30 |
|
1 |
SBI (1) |
8,37,899 |
6,61,063 |
79% |
|
2 |
ICICI Prudential (2) |
5,92,613 |
4,98,008 |
84% |
|
3 |
HDFC (3) |
5,33,553 |
4,34,564 |
81% |
|
4 |
Kotak (5) |
3,37,951 |
2,99,995 |
89% |
|
5 |
Nippon India (4) |
3,61,813 |
2,89,878 |
80% |
|
6 |
Aditya Birla Sun Life (6) |
3,06,364 |
2,53,282 |
83% |
|
7 |
Axis (8) |
2,60,750 |
2,12,373 |
81% |
|
8 |
UTI (7) |
2,67,712 |
2,06,688 |
77% |
|
9 |
Mirae Asset (9) |
1,44,375 |
1,22,867 |
85% |
|
10 |
Bandhan (Erstwhile IDFC) (12) |
1,25,633 |
1,14,452 |
91% |
|
11 |
DSP (10) |
1,32,369 |
1,11,968 |
85% |
|
12 |
Tata (11) |
1,30,013 |
1,08,460 |
83% |
|
13 |
Edelweiss (13) |
1,12,382 |
1,07,329 |
96% |
|
14 |
HSBC (14) |
99,825 |
87,393 |
88% |
|
15 |
Canara Robeco (15) |
77,352 |
60,233 |
78% |
|
16 |
Franklin Templeton (16) |
75,327 |
60,231 |
80% |
|
17 |
Invesco (17) |
59,819 |
52,132 |
87% |
|
18 |
Sundaram (18) |
49,993 |
40,362 |
81% |
|
19 |
PPFAS (19) |
47,954 |
37,752 |
79% |
|
20 |
Motilal Oswal (20) |
36,144 |
30,793 |
85% |
|
21 |
quant (21) |
35,317 |
26,179 |
74% |
|
22 |
Baroda BNP Paribas (22) |
32,099 |
25,984 |
81% |
|
23 |
LIC (23) |
25,206 |
20,720 |
82% |
|
24 |
PGIM India (24) |
23,346 |
18,977 |
81% |
|
25 |
Mahindra Manulife (25) |
13,734 |
10,485 |
76% |
|
26 |
Union (26) |
13,067 |
9,160 |
70% |
|
27 |
360 ONE (Erstwhile IIFL) (27) |
6,426 |
5,846 |
91% |
|
28 |
Bank of India (28) |
5,328 |
4,162 |
78% |
|
29 |
ITI (29) |
4,911 |
3,747 |
76% |
|
30 |
NJ (30) |
4,727 |
3,610 |
76% |
|
Grand Total |
47,54,001 |
39,18,691 |
82% |
*1 - The fund houses are serially mentioned in the order of September 2023 T30 assets
*2 - Numbers mentioned in brackets are September 2023 rankings
