MF News SBI MF, ICICI Pru MF and HDFC MF are the top three equity players

SBI MF, ICICI Pru MF and HDFC MF are the top three equity players

Nine fund houses manage AUM of over Rs.1 lakh crore in equity funds.

Kushan Shah Apr 17, 2024

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An analysis of AUM of the top 30 fund houses based on their AUM ranking in March 2024 shows that SBI, ICICI Prudential and HDFC are the top players in terms of equity assets. These three fund houses contribute over 40% of the total AUM of the total equity assets of top 30 MFs.

Here, we have considered the AUM of pure equity funds, aggressive hybrid funds, balanced advantage funds, equity index funds and equity ETFs.

SBI MF continues to lead the chart with the highest equity AUM of Rs. 6.64 lakh crore. ICICI Prudential MF and HDFC MF are next with equity assets of Rs. 4.46 lakh crore and Rs. 3.87 lakh crore, respectively. These three fund houses manage equity assets of over Rs. 3 lakh crore AUM each.

Nippon India MF and UTI MF occupy fourth and fifth positions with equity AUM of Rs. 2.73 lakh crore and Rs. 2.11 lakh crore, respectively.
Kotak MF, Axis MF, Aditya Birla MF, Mirae Asset MF and DSP MF are the next five fund houses in the mentioned order.

Overall, the top 30 fund houses collectively manage equity assets of Rs. 34.46 lakh crore.

Let us look at the table to get more information:

Sr. No.	Fund houses	Pure equity AUM ELSS	Aggressive hybrid funds + balanced advantage funds	Equity index + ETFs	Total
1	SBI MF	269727	94587	299268	663582
2	ICICI Prudential	294626	88581	63225	446432
3	HDFC	255898	101996	28728	386622
4	Nippon India	181675	3408	88199	273282
5	UTI	84393	9664	117117	211174
6	Kotak	157922	20789	9906	188617
7	Axis	165060	3650	3588	172298
8	Aditya Birla Sun Life	120671	14934	7140	142745
9	Mirae Asset	127183	9921	4450	141554
10	DSP	79375	10215	3258	92848
11	Canara Robeco	71342	9810	0	81152
12	Franklin Templeton	74434	3422	640	78496
13	Tata	59004	15079	1857	75940
14	PPFAS	62875	0	0	62875
15	HSBC	55072	6722	339	62133
16	Quant	58085	2681	0	60766
17	Sundaram	38636	5899	0	44535
18	Bandhan	37730	4300	1928	43958
19	Invesco	39826	1147	81	41054
20	Motilal Oswal	28665	1231	9362	39258
21	Edelweiss	17259	12044	577	29880
22	Baroda BNP Paribas	15162	4720	72	19954
23	PGIM India	18585	1365	0	19950
24	Mahindra Manulife	15190	1751	0	16941
25	LIC	8604	1411	3112	13127
26	Union	8535	2207	0	10742
27	WhiteOak Capital	7383	1336	0	8719
28	360 ONE	7300	605	0	7905
29	Bank of India	4001	776	0	4777
30	Bajaj Finserv	3114	996	147	4257

In terms of pure equity assets, ICICI Prudential MF leads the pack with pure equity assets of Rs. 2.95 lakh crore. SBI MF comes second with the AUM of Rs. 2.70 lakh crore. HDFC occupies third position with the AUM of Rs. 2.56 lakh crore.

Further, Nippon India MF, Axis MF, Kotak MF, Mirae Asset MF and Aditya Birla MF have pure equity assets of over Rs.1 lakh crore.
Let us look at top 10 fund houses based on their pure equity AUM:

Sr. No.	Fund houses	Pure equity AUM + ELSS
1	ICICI Prudential	294626
2	SBI MF	269727
3	HDFC	255898
4	Nippon India	181675
5	Axis	165060
6	Kotak	157922
7	Mirae Asset	127183
8	Aditya Birla Sun Life	120671
9	UTI	84393
10	DSP	79375
11	Franklin Templeton	74434
12	Canara Robeco	71342
13	PPFAS	62875
14	Tata	59004
15	Quant	58085
16	HSBC	55072
17	Invesco	39826
18	Sundaram	38636
19	Bandhan	37730
20	Motilal Oswal	28665
21	PGIM India	18585
22	Edelweiss	17259
23	Mahindra Manulife	15190
24	Baroda BNP Paribas	15162
25	LIC	8604
26	Union	8535
27	WhiteOak Capital	7383
28	360 ONE	7300
29	Bank of India	4001
30	Bajaj Finserv	3114

Similarly, if we look at the AUM of aggressive hybrid funds and balanced advantage funds, HDFC MF has the highest AUM of over Rs.1 lakh crore.
SBI MF and ICICI Prudential MF are the next two fund houses with AUM of Rs. 94600 crore and Rs. 88600 crore, respective.

Let us look at the top 10 players in this category:

Sr. No.	Fund houses	Aggressive hybrid funds + balanced advantage funds
1	HDFC	101996
2	SBI MF	94587
3	ICICI Prudential	88581
4	Kotak	20789
5	Tata	15079
6	Aditya Birla Sun Life	14934
7	Edelweiss	12044
8	DSP	10215
9	Mirae Asset	9921
10	Canara Robeco	9810
11	UTI	9664
12	HSBC	6722
13	Sundaram	5899
14	Baroda BNP Paribas	4720
15	Bandhan	4300
16	Axis	3650
17	Franklin Templeton	3422
18	Nippon India	3408
19	Quant	2681
20	Union	2207
21	Mahindra Manulife	1751
22	LIC	1411
23	PGIM India	1365
24	WhiteOak Capital	1336
25	Motilal Oswal	1231
26	Invesco	1147
27	Bajaj Finserv	996
28	Bank of India	776
29	360 ONE	605
30	PPFAS	0

Talking about passives, SBI MF has the highest passive equity assets of close to Rs. 3 lakh crore. UTI MF and Nippon India MF are next with the AUM of Rs. 1.17 lakh crore and Rs. 88,200 crore.

Let look at the top 10 fund houses with highest equity assets in passives:

Sr. No.	Fund houses	Equity index +ETF AUM
1	SBI MF	299268
2	UTI	117117
3	Nippon India	88199
4	ICICI Prudential	63225
5	HDFC	28728
6	Kotak	9906
7	Motilal Oswal	9362
8	Aditya Birla Sun Life	7140
9	Mirae Asset	4450
10	Axis	3588
11	DSP	3258
12	LIC	3112
13	Bandhan	1928
14	Tata	1857
15	Franklin Templeton	640
16	Edelweiss	577
17	HSBC	339
18	Bajaj Finserv	147
19	Invesco	81
20	Baroda BNP Paribas	72
21	Canara Robeco	0
22	Sundaram	0
23	Quant	0
24	Union	0
25	Mahindra Manulife	0
26	PGIM India	0
27	WhiteOak Capital	0
28	Bank of India	0
29	360 ONE	0
30	PPFAS	0

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1 Comment

Fauzan Ansari · 1 week ago `

Why r u showing only 30 AMCs. Please show all AMCs

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