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SBI MF takes the lead by a huge margin in terms of B30 assets, shows an analysis of September 2023 average AUM data of the top 30 fund houses (in terms of September 2023 quarterly average AUM).
The fund house has a B30 average AUM of Rs 1.77 lakh crore and is the sole fund house to have an asset base of over Rs 1 lakh crore. Two fund houses - HDFC MF and ICICI Prudential MF are nearing the Rs 1 lakh crore mark as they manage Rs 98,989 crore and Rs 94,605 crore, respectively.
Nippon India MF and UTI MF occupy the next two spots with an individual asset base of Rs 71,935 crore and Rs 61,024 crore.
Aditya Birla Sun Life MF (Rs 53,082 crore), Axis MF (Rs 48,377 crore), Kotak MF (Rs 37,956 crore), Tata MF (Rs 21,553 crore) and Mirae Asset MF (Rs 21,508 crore) are the next top-five players in B30 cities.
However, rankings differ in percentage funds. With a 30% share of B30 assets, Union MF ranks first. quant MF follows second with 26%. Three fund houses - ITI MF, Mahindra Manulife MF and NJ MF occupy the next spot at 24% each.
Further, UTI MF closely follows the top three with a 23% share of B30 assets and Canara Robeco along with Bank of India occupy the next spot with 22% each.
Two more fund houses, PPFAS MF and SBI MF have a B30 share of over 20% i.e. 21%.
Of the total average AUM of Rs 47.54 lakh crore, the top 30 fund houses have 18% or Rs 8.35 lakh crore in B30 cities.
Here is how the top 30 fund houses are placed in B30 business.
|
Sr No |
Mutual Fund |
Total Monthly Average AUM in Crore |
B30 Average AUM |
% B30 |
|
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|
1 |
SBI (1) |
8,37,899 |
1,76,836 |
21% |
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|
2 |
HDFC (3) |
5,33,553 |
98,989 |
19% |
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|
3 |
ICICI Prudential (2) |
5,92,613 |
94,605 |
16% |
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|
4 |
Nippon India (4) |
3,61,813 |
71,935 |
20% |
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|
5 |
UTI (7) |
2,67,712 |
61,024 |
23% |
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|
6 |
Aditya Birla Sun Life (6) |
3,06,364 |
53,082 |
17% |
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|
7 |
Axis (8) |
2,60,750 |
48,377 |
19% |
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|
8 |
Kotak (5) |
3,37,951 |
37,956 |
11% |
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|
9 |
Tata (11) |
1,30,013 |
21,553 |
17% |
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|
10 |
Mirae Asset (9) |
1,44,375 |
21,508 |
15% |
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|
11 |
DSP (10) |
1,32,369 |
20,401 |
15% |
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|
12 |
Canara Robeco (15) |
77,352 |
17,119 |
22% |
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|
13 |
Franklin Templeton (16) |
75,327 |
15,096 |
20% |
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|
14 |
HSBC (14) |
99,825 |
12,432 |
12% |
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|
15 |
Bandhan (Erstwhile IDFC) (12) |
1,25,633 |
11,181 |
9% |
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|
16 |
PPFAS (19) |
47,954 |
10,202 |
21% |
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|
17 |
Sundaram (18) |
49,993 |
9,631 |
19% |
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|
18 |
quant (21) |
35,317 |
9,138 |
26% |
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|
19 |
Invesco (17) |
59,819 |
7,687 |
13% |
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|
20 |
Baroda BNP Paribas (22) |
32,099 |
6,116 |
19% |
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|
21 |
Motilal Oswal (20) |
36,144 |
5,351 |
15% |
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|
22 |
Edelweiss (13) |
1,12,382 |
5,052 |
4% |
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|
23 |
LIC (23) |
25,206 |
4,486 |
18% |
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|
24 |
PGIM India (24) |
23,346 |
4,369 |
19% |
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|
25 |
Union (26) |
13,067 |
3,907 |
30% |
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|
26 |
Mahindra Manulife (25) |
13,734 |
3,250 |
24% |
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|
27 |
Bank of India (28) |
5,328 |
1,166 |
22% |
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|
28 |
ITI (29) |
4,911 |
1,164 |
24% |
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|
29 |
NJ (30) |
4,727 |
1,117 |
24% |
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|
30 |
360 ONE (Erstwhile IIFL) (27) |
6,426 |
580 |
9% |
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|
Grand Total |
47,54,001 |
8,35,309 |
18% |
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*1 - The fund houses are serially mentioned in the order of September 2023 B30 assets
*2 - Numbers mentioned in brackets are September 2023 rankings
