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SBI MF, HDFC MF and ICICI Prudential MF are the only fund houses to have a B30 asset base of over Rs 1 lakh crore each, reveals an analysis of December 2023 average AUM data. They occupy the top three positions and individually manage Rs 1.86 lakh crore, Rs 1.10 lakh crore and Rs 1.03 lakh crore, respectively.
Nippon India MF and UTI MF occupy the next two positions with B30 assets of Rs 79,067 crore and Rs 64,737 crore, respectively.
Aditya Birla Sun Life MF (Rs 55,458 crore), Axis MF (Rs 51,527 crore), Kotak MF (Rs 41,345 crore), Mirae Asset MF (Rs 23,466 crore) and Tata MF (Rs 22,951 crore) are the next top-five fund houses in this space.
Proportion of average AUM in B30 cities
In percentage terms, eight fund houses have over 20% of assets in B30 cities. With 31%, Union MF takes the lead here and is the only fund house with a proportion of over 30%. At 27%, quant MF has the second-highest proportion.
While Mahindra Manulife MF (24%) follows next, Bank of India MF, UTI MF and Canara Robeco MF have 23% each of such assets. Likewise, the proportion share of PPFAS MF and SBI MF is 20% each.
Here is how the fund houses are placed in the B30 segment. Figures mentioned are in crore.
|
Sr No |
Mutual Fund |
B30 Avg AUM |
Total Monthly Average AUM |
B30 as a % of Total |
|
1 |
SBI (1) |
1,85,848 |
8,80,143 |
21% |
|
2 |
HDFC (3) |
1,09,657 |
5,74,415 |
19% |
|
3 |
ICICI Prudential (2) |
1,02,773 |
6,39,974 |
16% |
|
4 |
Nippon India (4) |
79,067 |
3,93,958 |
20% |
|
5 |
UTI (7) |
64,737 |
2,84,835 |
23% |
|
6 |
Aditya Birla Sun Life (6) |
55,458 |
3,17,642 |
17% |
|
7 |
Axis (8) |
51,527 |
2,65,609 |
19% |
|
8 |
Kotak (5) |
41,345 |
3,62,441 |
11% |
|
9 |
Mirae Asset (9) |
23,466 |
1,54,729 |
15% |
|
10 |
Tata (11) |
22,951 |
1,38,854 |
17% |
|
11 |
DSP (10) |
22,421 |
1,40,750 |
16% |
|
12 |
Canara Robeco (15) |
18,772 |
83,029 |
23% |
|
13 |
Franklin Templeton (16) |
16,607 |
82,769 |
20% |
|
14 |
HSBC (14) |
13,484 |
1,05,538 |
13% |
|
15 |
PPFAS (18) |
12,236 |
57,091 |
21% |
|
16 |
quant (20) |
12,100 |
45,498 |
27% |
|
17 |
Bandhan (12) |
11,978 |
1,29,493 |
9% |
|
18 |
Sundaram (19) |
10,450 |
53,363 |
20% |
|
19 |
Invesco (17) |
8,117 |
66,431 |
12% |
|
20 |
Baroda BNP Paribas (22) |
6,476 |
33,201 |
20% |
|
21 |
Motilal Oswal (21) |
6,224 |
40,795 |
15% |
|
22 |
Edelweiss (13) |
5,783 |
1,20,228 |
5% |
|
23 |
LIC (23) |
4,680 |
27,049 |
17% |
|
24 |
PGIM India (24) |
4,585 |
23,367 |
20% |
|
25 |
Union (26) |
4,302 |
13,869 |
31% |
|
26 |
Mahindra Manulife (25) |
3,889 |
16,538 |
24% |
|
27 |
Bank of India (30) |
1,415 |
6,111 |
23% |
|
28 |
WhiteOak Capital (28) |
1,180 |
7,126 |
17% |
|
29 |
360 ONE (27) |
695 |
8,334 |
8% |
|
30 |
Bajaj Finserv (29) |
490 |
6,686 |
7% |
|
Grand Total |
9,02,715 |
50,79,868 |
18% |
|
Notes
* We have collated and reviewed the data of fund houses occupying the top 30 spots in December 2023 rankings. Click here to view the ranking
* Fund houses are serially mentioned in the order of December 2023 B30 assets
* Numbers mentioned in brackets are December 2023 rankings
