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A recent report of Motilal Oswal Financial Services shows the top 20 mutual funds with the highest equity value as on March 2024 in the mutual fund industry.
The report shows that SBI Mutual Fund leads the pack in the mutual fund industry, with the highest equity valuation of Rs. 6.23 lakh crore as on March 2024 with 2.8% monthly change, up from Rs. 6 lakh crore in February 2024.
Following SBI MF is ICICI Prudential Mutual Fund with an equity value of Rs. 3.90 lakh crore in March 2024, compared to Rs. 3.70 lakh crore in the previous month. ICICI Prudential Mutual Fund has the highest month-on-month change of 4.9% among the top 20.
HDFC Mutual Fund takes the third spot in the top 20 rankings, with its equity valuation reaching Rs. 3.47 lakh crore in March 2024 with an MoM change of 1.3%, up from Rs. 3.42 lakh crore in February.
The next three in the top 20 list with the highest equity valuation, excluding arbitrage funds are Nippon India Mutual Fund, UTI Mutual Fund and Kotak Mahindra Mutual Fund with an equity value of Rs.2.79 lakh crore, Rs.2.15 lakh crore and Rs.1.88 lakh crore, respectively.
Here is the list of the top 20 mutual funds with the highest equity value excluding arbitrage funds:
|
Scheme name |
Equity Value Ex Arbitrage |
||
|
Feb-24 |
Mar-24 |
MoM % change |
|
|
SBI Mutual Fund |
6,06,700 crore |
6,23,400 crore |
2.8 |
|
ICICI Prudential Mutual Fund |
3,70,800 crore |
3,89,200 crore |
4.9 |
|
HDFC Mutual Fund |
3,42,300 crore |
3,46,700 crore |
1.3 |
|
Nippon India Mutual Fund |
2,71,600 crore |
2,78,600 crore |
2.6 |
|
UTI Mutual Fund |
2,09,300 crore |
2,14,600 crore |
2.5 |
|
Kotak Mahindra Mutual Fund |
1,85,100 crore |
1,88,100 crore |
1.6 |
|
Axis Mutual Fund |
1,63,800 crore |
1,66,400 crore |
1.6 |
|
Mirae Asset Mutual Fund |
1,37,900 crore |
1,38,300 crore |
0.2 |
|
Aditya Birla Sun Life Mutual Fund |
1,37,300 crore |
1,37,100 crore |
-0.2 |
|
DSP Mutual Fund |
89,000 crore |
87,600 crore |
-1.5 |
|
Canara Robeco Mutual Fund |
75,400 crore |
77,200 crore |
2.3 |
|
Franklin Templeton Mutual Fund |
73,400 crore |
74,500 crore |
1.5 |
|
Tata Mutual Fund |
72,300 crore |
72,800 crore |
0.7 |
|
HSBC Mutual Fund |
60,600 crore |
60,500 crore |
0 |
|
Quant Mutual Fund |
51,600 crore |
56,900 crore |
10.5 |
|
PPFAS Mutual Fund |
45,100 crore |
45,300 crore |
0.5 |
|
Sundaram Mutual Fund |
43,600 crore |
43,700 crore |
0.2 |
|
Bandhan Mutual Fund |
40,300 crore |
40,800 crore |
1.3 |
|
Invesco Mutual Fund |
40,300 crore |
40,300 crore |
0.1 |
|
Motilal Oswal Mutual Fund |
31,700 crore |
34,200 crore |
8 |
|
Total |
30,48,100 crore |
31,16,200 crore |
2.2 |
|
Source: MOSL_FUND FOLIO - Indian MF Tracker - April_2024 |
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