Listen to this article
HDFC MF manages the largest chunk of retail assets, shows an analysis of December 2023 average AUM data. Its asset base stands at Rs 1.63 lakh crore and is followed by SBI MF which has Rs. 1.45 lakh crore of these assets.
ICICI Prudential MF, Nippon India MF and Axis MF are the next three fund houses that manage over Rs 1 lakh crore each. Their respective asset base stands at Rs 1.32 lakh crore, Rs 1.23 lakh crore and Rs 1 lakh crore.
Notably, these are the only five fund houses to have Rs 1 lakh crore-plus of retail assets.
However, UTI MF and Aditya Birla Sun Life MF could catch up on this gap eventually as they currently have retail average AUM of Rs 85,110 crore and Rs 82,087 crore, respectively.
Following them are Mirae Asset MF, Kotak MF and DSP MF with retail assets of Rs 69,988 crore, Rs 64,388 crore and Rs 52,610 crore, respectively.
How much do retail assets contribute to the overall asset base?
Notably, only two fund houses have 50% or more of their average AUM in retail assets. While Franklin Templeton MF holds 54%, quant mf has half of its average AUM in such assets.
Not far behind are Canara Robeco MF and PPFAS MF where retail assets form 48% of the average AUM. Sundaram MF, Mirae Asset MF and PGIM India MF follow next with a retail composition of 46%, 45% and 45%, respectively.
Here is the proportion of retail assets across fund houses. Figures mentioned are in crore
|
Sr No |
Mutual Fund |
Retail Avg AUM |
Total Monthly Avg AUM |
Retail as a % of Total |
|
1 |
HDFC (3) |
1,63,088 |
5,74,415 |
28% |
|
2 |
SBI (1) |
1,45,576 |
8,80,143 |
17% |
|
3 |
ICICI Prudential (2) |
1,31,849 |
6,39,974 |
21% |
|
4 |
Nippon India (4) |
1,22,501 |
3,93,958 |
31% |
|
5 |
Axis (8) |
1,00,287 |
2,65,609 |
38% |
|
6 |
UTI (7) |
85,110 |
2,84,835 |
30% |
|
7 |
Aditya Birla Sun Life (6) |
82,087 |
3,17,642 |
26% |
|
8 |
Mirae Asset (9) |
69,988 |
1,54,729 |
45% |
|
9 |
Kotak (5) |
64,388 |
3,62,441 |
18% |
|
10 |
DSP (10) |
52,610 |
1,40,750 |
37% |
|
11 |
Franklin Templeton (16) |
44,702 |
82,769 |
54% |
|
12 |
Canara Robeco (15) |
39,825 |
83,029 |
48% |
|
13 |
Tata (11) |
36,350 |
1,38,854 |
26% |
|
14 |
HSBC (14) |
34,156 |
1,05,538 |
32% |
|
15 |
PPFAS (18) |
27,220 |
57,091 |
48% |
|
16 |
Sundaram (19) |
24,459 |
53,363 |
46% |
|
17 |
quant (20) |
22,835 |
45,498 |
50% |
|
18 |
Bandhan (12) |
21,477 |
1,29,493 |
17% |
|
19 |
Invesco (17) |
17,574 |
66,431 |
26% |
|
20 |
Motilal Oswal (21) |
14,555 |
40,795 |
36% |
|
21 |
PGIM India (24) |
10,444 |
23,367 |
45% |
|
22 |
Edelweiss (13) |
9,885 |
1,20,228 |
8% |
|
23 |
Baroda BNP Paribas (22) |
8,007 |
33,201 |
24% |
|
24 |
LIC (23) |
5,954 |
27,049 |
22% |
|
25 |
Mahindra Manulife (25) |
5,733 |
16,538 |
35% |
|
26 |
Union (26) |
4,514 |
13,869 |
33% |
|
27 |
Bank of India (30) |
2,213 |
6,111 |
36% |
|
28 |
WhiteOak Capital (28) |
1,430 |
7,126 |
20% |
|
29 |
360 ONE (27) |
1,010 |
8,334 |
12% |
|
30 |
Bajaj Finserv (29) |
446 |
6,686 |
7% |
|
Grand Total |
13,50,273 |
50,79,868 |
27% |
|
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 retail assets
* Numbers mentioned in brackets are December 2023 rankings
