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SBI MF, ICICI Prudential MF and HDFC MF are the top three fund houses in terms of regular assets, shows an analysis of December 2023 average AUM data. Regular assets comprise both, associate (affiliate of fund houses e.g. Axis Bank in the case of Axis MF) as well as non-associate assets (e.g. MFDs and NDs).
To note, these are the only fund houses to have over Rs 3 lakh crore each of such assets.
Individually, they manage Rs 3.64 lakh crore, Rs 3.54 lakh crore and Rs 3.48 lakh crore.
Next, UTI MF and Kotak MF occupy the fourth and fifth place with regular assets of Rs 2.09 lakh crore and Rs 1.92 lakh crore, respectively.
Nippon India MF, Aditya Birla Sun Life MF and Axis MF have the next-highest regular asset base of Rs 1.88 lakh crore, Rs 1.68 lakh crore and Rs 1.50 lakh crore. Finally, the top-ten list closes with Mirae Asset MF and Edelweiss MF who individually manage Rs 98,935 crore and Rs 91,218 crore.
What is the proportion of regular assets in the total asset base?
Regular assets form over 50% of the total asset base of the majority of the top 30 fund houses (in terms of December 2023 ranking).
Of these, Mahindra Manulife MF (85%), WhiteOak Capital MF (80%) and Franklin Templeton MF (80%) have the largest proportion, in the said order.
Sundaram MF and Union MF follow next with a proportion of 79% each.
Here is the proportion of regular assets across fund houses. Figures mentioned are in crore.
|
Sr No |
Mutual Fund |
Regular Avg AUM |
Total Monthly Avg AUM |
Regular as a % of Total |
|
1 |
SBI (1) |
3,64,302 |
8,80,143 |
41% |
|
2 |
ICICI Prudential (2) |
3,54,068 |
6,39,974 |
55% |
|
3 |
HDFC (3) |
3,48,377 |
5,74,415 |
61% |
|
4 |
UTI (7) |
2,08,704 |
2,84,835 |
73% |
|
5 |
Kotak (5) |
1,91,975 |
3,62,441 |
53% |
|
6 |
Nippon India (4) |
1,87,972 |
3,93,958 |
48% |
|
7 |
Aditya Birla Sun Life (6) |
1,67,943 |
3,17,642 |
53% |
|
8 |
Axis (8) |
1,49,706 |
2,65,609 |
56% |
|
9 |
Mirae Asset (9) |
98,935 |
1,54,729 |
64% |
|
10 |
Edelweiss (13) |
91,218 |
1,20,228 |
76% |
|
11 |
DSP (10) |
87,181 |
1,40,750 |
62% |
|
12 |
Tata (11) |
72,843 |
1,38,854 |
52% |
|
13 |
Franklin Templeton (16) |
66,052 |
82,769 |
80% |
|
14 |
Canara Robeco (15) |
63,834 |
83,029 |
77% |
|
15 |
HSBC (14) |
62,042 |
1,05,538 |
59% |
|
16 |
Bandhan (12) |
61,934 |
1,29,493 |
48% |
|
17 |
Sundaram (19) |
42,420 |
53,363 |
79% |
|
18 |
Invesco (17) |
37,640 |
66,431 |
57% |
|
19 |
Motilal Oswal (21) |
25,363 |
40,795 |
62% |
|
20 |
quant (20) |
21,780 |
45,498 |
48% |
|
21 |
Baroda BNP Paribas (22) |
21,588 |
33,201 |
65% |
|
22 |
PPFAS (18) |
21,095 |
57,091 |
37% |
|
23 |
PGIM India (24) |
16,257 |
23,367 |
70% |
|
24 |
LIC (23) |
14,247 |
27,049 |
53% |
|
25 |
Mahindra Manulife (25) |
13,990 |
16,538 |
85% |
|
26 |
Union (26) |
10,915 |
13,869 |
79% |
|
27 |
WhiteOak Capital (28) |
5,695 |
7,126 |
80% |
|
28 |
Bank of India (30) |
3,859 |
6,111 |
63% |
|
29 |
360 ONE (27) |
3,388 |
8,334 |
41% |
|
30 |
Bajaj Finserv (29) |
2,306 |
6,686 |
34% |
|
Grand Total |
28,17,629 |
50,79,868 |
55% |
|
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 regular assets
* Numbers mentioned in brackets are December 2023 rankings
