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SBI MF manages the highest AUM of Rs 5.16 lakh crore through direct plans, according to analysis of December 2023 average AUM data. It was the only fund house having direct assets of over Rs 5 lakh crore in December 2023.
Following next were ICICI Prudential MF, HDFC MF and Nippon India MF who manage direct plan assets of over Rs. 2 lakh crore each. Individually, their average AUM from direct plans were Rs 2.86 lakh crore, Rs 2.26 lakh crore and Rs 2.06 lakh crore, respectively.
Not far behind was Kotak MF which reported asset base of Rs 1.70 lakh crore from direct plans. Aditya Birla Sun Life MF and Axis MF have the next-highest average AUM of Rs 1.50 lakh crore and Rs 1.16 lakh crore coming from direct plans, respectively.
These seven fund houses manage AUM of more than Rs 1 lakh crore through direct plans in December 2023.
Finally, the top ten list closes with UTI MF, Bandhan MF and Tata MF. These fund houses reported direct assets of Rs 76,130 crore, Rs 67,559 crore and Rs 66,012 crore, respectively.
Proportion of direct plan assets with respect to the total AUM
Direct plans contribute over 50% of the total MF asset for seven fund houses. These were Bajaj Finserv MF (66%), PPFAS MF (63%), 360 ONE MF (59%), SBI MF (59%), Nippon India MF (52%), Bandhan MF (52%), and quant MF (52%).
On the other hand, the contribution of direct plans was the least among Franklin Templeton MF (20%), WhiteOak Capital (20%) and Mahindra Manulife MF (15%).
Here is the contribution of direct plans across fund houses. Figures mentioned are in crore.
|
Sr No |
Mutual Fund |
Direct Avg AUM |
Total Monthly Average AUM |
Direct as a % of Total |
|||
|
1 |
SBI (1) |
5,15,841 |
8,80,143 |
59% |
|||
|
2 |
ICICI Prudential (2) |
2,85,906 |
6,39,974 |
45% |
|||
|
3 |
HDFC (3) |
2,26,038 |
5,74,415 |
39% |
|||
|
4 |
Nippon India (4) |
2,05,986 |
3,93,958 |
52% |
|||
|
5 |
Kotak (5) |
1,70,466 |
3,62,441 |
47% |
|||
|
6 |
Aditya Birla Sun Life (6) |
1,49,699 |
3,17,642 |
47% |
|||
|
7 |
Axis (8) |
1,15,903 |
2,65,609 |
44% |
|||
|
8 |
UTI (7) |
76,130 |
2,84,835 |
27% |
|||
|
9 |
Bandhan (12) |
67,559 |
1,29,493 |
52% |
|||
|
10 |
Tata (11) |
66,012 |
1,38,854 |
48% |
|||
|
11 |
Mirae Asset (9) |
55,794 |
1,54,729 |
36% |
|||
|
12 |
DSP (10) |
53,569 |
1,40,750 |
38% |
|||
|
13 |
HSBC (14) |
43,496 |
1,05,538 |
41% |
|||
|
14 |
PPFAS (18) |
35,996 |
57,091 |
63% |
|||
|
15 |
Edelweiss (13) |
29,010 |
1,20,228 |
24% |
|||
|
16 |
Invesco (17) |
28,791 |
66,431 |
43% |
|||
|
17 |
quant (20) |
23,718 |
45,498 |
52% |
|||
|
18 |
Canara Robeco (15) |
19,196 |
83,029 |
23% |
|||
|
19 |
Franklin Templeton (16) |
16,718 |
82,769 |
20% |
|||
|
20 |
Motilal Oswal (21) |
15,431 |
40,795 |
38% |
|||
|
21 |
LIC (23) |
12,802 |
27,049 |
47% |
|||
|
22 |
Baroda BNP Paribas (22) |
11,612 |
33,201 |
35% |
|||
|
23 |
Sundaram (19) |
10,943 |
53,363 |
21% |
|||
|
24 |
PGIM India (24) |
7,110 |
23,367 |
30% |
|||
|
25 |
360 ONE (27) |
4,946 |
8,334 |
59% |
|||
|
26 |
Bajaj Finserv (29) |
4,381 |
6,686 |
66% |
|||
|
27 |
Union (26) |
2,953 |
13,869 |
21% |
|||
|
28 |
Mahindra Manulife (25) |
2,548 |
16,538 |
15% |
|||
|
29 |
Bank of India (30) |
2,252 |
6,111 |
37% |
|||
|
30 |
WhiteOak Capital (28) |
1,431 |
7,126 |
20% |
|||
|
Grand Total |
22,62,239 |
50,79,868 |
45% |
||||
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 direct assets
* Numbers mentioned in brackets are December 2023 rankings
