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An analysis done by Cafemutual shows that SBI MF, HDFC MF and ICICI Prudential MF are the top three fund houses in terms of B30 AUM.
SBI MF has the highest B30 AUM of Rs. 2.01 lakh crore. The fund house derives 22% of its total assets from B30 cities.
HDFC MF and ICICI Prudential MF occupy the second and third spots with AUM of Rs1.19 lakh crore and Rs.1.12 lakh crore, respectively. While HDFC MF derives 19% of its assets from B30 cities, such a proportion is 16% for ICICI Prudential MF.
Nippon India MF and UTI MF are the next two fund houses with B30 AUM of Rs.86,000 crore (20% of the total assets) and Rs.66,000 crore (23% of the total assets).
Among other fund houses in the top 10 list are Aditya Birla MF, Axis MF, Kotak MF, Mirae Asset MF and Tata MF.
Let us look at the table to know more.
|
Sr. No. |
Fund House |
B30 AUM |
Total AUM |
% |
|
1 |
SBI |
201222 |
929756 |
21.6 |
|
2 |
HDFC |
118963 |
623815 |
19.1 |
|
3 |
ICICI Prudential |
112275 |
696557 |
16.1 |
|
4 |
Nippon India |
86204 |
442000 |
19.5 |
|
5 |
UTI |
66271 |
293003 |
22.6 |
|
6 |
Aditya Birla |
57816 |
330416 |
17.5 |
|
7 |
Axis |
53644 |
277285 |
19.3 |
|
8 |
Kotak |
44315 |
387436 |
11.4 |
|
9 |
Mirae Asset |
25182 |
162821 |
15.5 |
|
10 |
Tata |
24408 |
147473 |
16.6 |
|
11 |
DSP |
23219 |
146722 |
15.8 |
|
12 |
Canara Robeco |
20198 |
88078 |
22.9 |
|
13 |
Franklin Templeton |
17882 |
89167 |
20.1 |
|
14 |
Quant |
17720 |
64777 |
27.4 |
|
15 |
PPFAS |
14626 |
67463 |
21.7 |
|
16 |
HSBC |
14429 |
109368 |
13.2 |
|
17 |
Bandhan |
13376 |
139836 |
9.6 |
|
18 |
Sundaram |
11235 |
57334 |
19.6 |
|
19 |
Invesco |
8596 |
77132 |
11.1 |
|
20 |
Motilal Oswal |
7750 |
47684 |
16.3 |
|
21 |
Baroda BNP Paribas |
7014 |
35933 |
19.5 |
|
22 |
Edelweiss |
6393 |
127373 |
5.0 |
|
23 |
LIC |
4932 |
31037 |
15.9 |
|
24 |
Union |
4748 |
15013 |
31.6 |
|
25 |
PGIM India |
4662 |
23075 |
20.2 |
|
26 |
Mahindra Manulife |
4610 |
19660 |
23.4 |
|
27 |
WhiteOak Capital |
1659 |
9242 |
18.0 |
|
28 |
Bank of India |
1607 |
6905 |
23.3 |
|
29 |
ITI MF |
1535 |
6633 |
23.1 |
|
30 |
NJ |
1347 |
5694 |
23.7 |
|
31 |
Navi |
1261 |
5169 |
24.4 |
|
32 |
Bajaj Finserv |
967 |
10073 |
9.6 |
|
33 |
360ONE |
760 |
9329 |
8.1 |
|
34 |
Samco |
556 |
2213 |
25.1 |
|
35 |
JM Financial |
490 |
6095 |
8.0 |
|
36 |
Quantum |
275 |
2302 |
11.9 |
|
37 |
Groww |
156 |
707 |
22.1 |
|
38 |
Shriram |
96 |
486 |
19.8 |
|
39 |
Zerodha |
86 |
843 |
10.2 |
|
40 |
Helios |
81 |
1171 |
6.9 |
|
41 |
Taurus |
70 |
752 |
9.3 |
|
42 |
Trust |
40 |
1070 |
3.7 |
|
43 |
IL&FS (IDF) |
37 |
1627 |
2.3 |
|
44 |
Old Bridge |
15 |
201 |
7.5 |
|
45 |
IIFCL (IDF) |
Not Found |
Not Found |
NA |
In terms of percentage, Union MF derives the highest contribution of its assets i.e. 32% from B30 cities. Quant MF and Samco MF are the next two fund houses with AUM of 27% and 25% of their total AUM coming from B30 cities.
Other fund houses with over 20% of the total assets coming from B30 cities are Navi MF, NJ MF, Mahindra Manulife MF, BOI MF, ITI MF, Canara Robeco MF and UTI MF.
Overall, B30 cities contribute about 18% of the total MF AUM in March 2024. Of the total AUM of Rs.53.40 lakh crore, B30 cities contributed Rs. 9.83 lakh crore in March 2024.
