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An analysis of monthly average AUM data of September 2023 shows that ICICI Prudential MF manages Rs 1.38 lakh crore of debt assets, the highest in the MF industry.
Following ICICI Pru are HDFC MF and SBI MF which individually manage Rs 1.15 lakh crore and Rs 1.07 lakh crore of debt assets.
These are the only three fund houses to have a debt asset base of over Rs 1 lakh crore each.
Next, Aditya Birla Sun Life MF and Kotak MF have the fourth-highest and fifth-highest debt assets of Rs 82,472 crore and Rs 74,684 crore, respectively.
Nippon India MF (Rs 61,577 crore), Bandhan MF (Rs 57,103 crore), Axis MF (Rs 43,023 crore), UTI MF (Rs 23,508 crore) and HSBC MF (Rs 19,287 crore) are the next top-five fund houses.
In addition to these, DSP MF (Rs 18,060 crore) is the only fund house to have debt assets of over Rs 10,000 crore.
Overall, the top 30 fund houses (in terms of September 2023 quarterly average AUM) have debt assets of Rs 7.79 lakh crore, of which the top 10 fund houses collectively contribute 93%.
Here are how these fund houses are placed in the debt market.
|
Sr No |
Mutual Fund |
Net Debt Assets |
|
1 |
ICICI Prudential (2) |
1,38,101 |
|
2 |
HDFC (3) |
1,15,473 |
|
3 |
SBI (1) |
1,06,582 |
|
4 |
Aditya Birla Sun Life (6) |
82,472 |
|
5 |
Kotak (5) |
74,684 |
|
6 |
Nippon India (4) |
61,577 |
|
7 |
Bandhan (Erstwhile IDFC) (12) |
57,103 |
|
8 |
Axis (8) |
43,023 |
|
9 |
UTI (7) |
23,508 |
|
10 |
HSBC (14) |
19,287 |
|
11 |
DSP (10) |
18,060 |
|
12 |
Tata (11) |
8,459 |
|
13 |
Invesco (17) |
5,481 |
|
14 |
Canara Robeco (15) |
3,905 |
|
15 |
Baroda BNP Paribas (22) |
3,736 |
|
16 |
Sundaram (18) |
3,668 |
|
17 |
LIC (23) |
3,061 |
|
18 |
Franklin Templeton (16) |
2,612 |
|
19 |
Mirae Asset (9) |
1,851 |
|
20 |
PPFAS (19) |
1,564 |
|
21 |
Edelweiss (13) |
835 |
|
22 |
Union (26) |
813 |
|
23 |
PGIM India (24) |
801 |
|
24 |
360 ONE (Erstwhile IIFL) (27) |
750 |
|
25 |
Mahindra Manulife (25) |
709 |
|
26 |
Bank of India (28) |
439 |
|
27 |
ITI (29) |
206 |
|
28 |
Motilal Oswal (20) |
140 |
|
29 |
quant (21) |
63 |
|
30 |
NJ (30) |
- |
|
Grand Total |
7,79,061 |
|
Rs in crore
*1 - The fund houses are serially mentioned in the order of September 2023 debt assets
*2- For debt ranking, we have excluded liquid/money market, multi asset allocation, aggressive hybrid, balanced, solution-oriented and index schemes. However, we have included other debt funds like conservative hybrid funds
*3 - As on September 2023, NJ MF manages debt assets only through its overnight fund
*4 - Numbers mentioned in brackets are September 2023 rankings
