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SBI MF, ICICI Prudential MF and HDFC MF are the top three fund houses in terms of average AUM for the December 2023 quarter. Notably, there has been no change in their ranking since the June 2023 quarter.
Also, they are the only fund houses to have over Rs 5 lakh crore of MF assets each. Individually SBI MF has an asset base of Rs 8.51 lakh crore, ICICI Prudential MF manages Rs 6.15 lakh crore and HDFC MF follows next with AUM of Rs 5.52 lakh crore.
Apart from the top three, the other three fund houses - Nippon India MF, Kotak MF and Aditya Birla Sun Life MF also retain their June 2023 quarter ranking. They occupy the fourth, fifth and sixth spot respectively, and manage assets of Rs 3.78 lakh crore, Rs 3.51 lakh crore and Rs 3.12 lakh crore, respectively.
Next, UTI MF, Axis MF and Mirae Asset MF finish seventh, eighth and ninth. They individually manage Rs. 2.73 lakh crore, Rs 2.62 lakh crore and Rs 1.47 lakh crore.
The top-ten list finally closes with DSP MF, which manages assets of Rs.1.36 lakh crore.
In terms of growth, ICICI Prudential MF, Nippon India MF and HDFC MF report the highest absolute increase with a collective rise of Rs 86,869 crore.
On the other hand, given the modest base, Bajaj Finserv MF, WhiteOak Capital MF and quant MF show the largest percentage growth of 58%, 50% and 28%, respectively.
Here’s how the asset base across fund houses changed quarter on quarter. Figures mentioned are in crore.
|
Dec Qtr 23 Ranking |
Mutual Fund |
Average AUM (Dec Qtr 23) |
Average AUM (Sep Qtr 23) |
Change |
%Change |
|
1 |
SBI |
8,50,632 |
8,26,934 |
23,698 |
3% |
|
2 |
ICICI Prudential |
6,14,564 |
5,81,566 |
32,998 |
6% |
|
3 |
HDFC |
5,51,521 |
5,24,740 |
26,781 |
5% |
|
4 |
Nippon India |
3,77,654 |
3,50,564 |
27,090 |
8% |
|
5 |
Kotak |
3,51,142 |
3,33,687 |
17,455 |
5% |
|
6 |
Aditya Birla Sun Life |
3,11,509 |
3,10,899 |
610 |
0.2% |
|
7 |
UTI |
2,72,944 |
2,66,813 |
6,131 |
2% |
|
8 |
Axis |
2,62,360 |
2,59,795 |
2,566 |
1% |
|
9 |
Mirae Asset |
1,47,159 |
1,38,918 |
8,242 |
6% |
|
10 |
DSP |
1,36,054 |
1,30,149 |
5,905 |
5% |
|
11 |
Tata |
1,31,622 |
1,27,598 |
4,025 |
3% |
|
12 |
Bandhan |
1,27,914 |
1,24,582 |
3,332 |
3% |
|
13 |
Edelweiss |
1,16,928 |
1,10,972 |
5,956 |
5% |
|
14 |
HSBC |
1,02,039 |
97,641 |
4,398 |
5% |
|
15 |
Canara Robeco |
79,365 |
74,916 |
4,449 |
6% |
|
16 |
Franklin Templeton |
78,387 |
73,020 |
5,367 |
7% |
|
17 |
Invesco |
63,627 |
57,679 |
5,949 |
10% |
|
18 |
PPFAS |
53,018 |
45,608 |
7,410 |
16% |
|
19 |
Sundaram |
51,238 |
49,195 |
2,043 |
4% |
|
20 |
quant |
40,675 |
31,748 |
8,927 |
28% |
|
21 |
Motilal Oswal |
38,130 |
34,998 |
3,131 |
9% |
|
22 |
Baroda BNP Paribas |
33,176 |
31,260 |
1,916 |
6% |
|
23 |
LIC |
26,014 |
24,257 |
1,757 |
7% |
|
24 |
PGIM India |
22,881 |
23,548 |
-668 |
-3% |
|
25 |
Mahindra Manulife |
15,321 |
12,582 |
2,739 |
22% |
|
26 |
Union |
13,595 |
12,466 |
1,129 |
9% |
|
27 |
360 ONE |
7,630 |
6,205 |
1,425 |
23% |
|
28 |
WhiteOak Capital |
6,311 |
4,200 |
2,111 |
50% |
|
29 |
Bajaj Finserv |
6,218 |
3,924 |
2,294 |
58% |
|
30 |
Bank of India |
5,788 |
4,915 |
873 |
18% |
|
31 |
ITI |
5,355 |
4,712 |
643 |
14% |
|
32 |
NJ |
4,896 |
4,470 |
426 |
10% |
|
33 |
JM Financial |
4,584 |
3,845 |
739 |
19% |
|
34 |
Navi |
4,149 |
3,600 |
550 |
15% |
|
35 |
Quantum |
2,099 |
2,024 |
75 |
4% |
|
36 |
IL&FS (IDF) |
1,585 |
1,511 |
74 |
5% |
|
37 |
Samco |
1,376 |
1,268 |
107 |
8% |
|
38 |
Trust |
1,191 |
1,185 |
6 |
1% |
|
39 |
Taurus |
645 |
597 |
48 |
8% |
|
40 |
Groww |
479 |
438 |
40 |
9% |
|
41 |
Helios |
392 |
*1 |
NA |
NA |
|
42 |
Shriram |
362 |
302 |
61 |
20% |
|
43 |
Zerodha |
92 |
*1 |
NA |
NA |
|
44 |
IIFCL (IDF) |
*2 |
646 |
NA |
NA |
|
45 |
Old Bridge |
*3 |
*3 |
NA |
NA |
|
Grand Total |
49,22,620 |
46,99,975 |
2,22,644 |
5% |
|
*1 Helios MF and Zerodha MF debuted with two NFOs in October 2023
*2 Details of IIFCL MF (IDF) were not available at the time of filing the story
*3 Old Bridge MF filed a draft offer document for its first fund in November 2023
