MF News SBI MF, ICICI Prudential MF and HDFC MF are top three T30 players

SBI MF, ICICI Prudential MF and HDFC MF are top three T30 players

Out of the total MF AUM of Rs. 53 lakh crore, Rs. 45.18 lakh crore or over 82% is from T30 cities.

Kushan Shah Apr 28, 2024

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An analysis by Cafemutual shows that over 82% of the total MF AUM has come from the top 30 cities in March 2024, i.e. of the total MF AUM of Rs. 53 lakh crore, Rs. 45.18 lakh crore is from T30 cities.

SBI MF, ICICI Prudential MF and HDFC MF are the top three fund houses in terms of T30 assets.

SBI MF has the highest T30 AUM of Rs. 7.28 lakh crore. ICICI Prudential MF and HDFC MF occupy the second and third spots with T30 AUM of Rs. 5.84 lakh crore and Rs. 5.05 lakh crore, respectively. These three fund house derive close to 80% of the assets from top 30 cities.

Next are Nippon India MF and Kotak MF with T30 AUM of Rs. 3.56 lakh crore and Rs. 3.43 lakh crore, respectively.

Among other fund houses in the top 10 in terms of T30 AUM are Aditya Birla MF, UTI MF, Axis MF Mirae Asset MF and Bandhan MF.

Let us look at the table to know more.

Sr. No.	Fund House	T30 AUM	Total AUM	%
1	SBI	728534	929756	78.4
2	ICICI Prudential	584283	696557	83.9
3	HDFC	504852	623815	80.9
4	Nippon India	355795	442000	80.5
5	Kotak	343122	387436	88.6
6	Aditya Birla	272600	330416	82.5
7	UTI	226732	293003	77.4
8	Axis	223641	277285	80.7
9	Mirae Asset	137639	162821	84.5
10	Bandhan	126460	139836	90.4
11	DSP	123503	146722	84.2
12	Tata	123065	147473	83.4
13	Edelweiss	120980	127373	95.0
14	HSBC	94939	109368	86.8
15	Franklin Templeton	71285	89167	79.9
16	Invesco	68536	77132	88.9
17	Canara Robeco	67880	88078	77.1
18	PPFAS	52836	67463	78.3
19	Quant	47057	64777	72.6
20	Sundaram	46100	57334	80.4
21	Motilal Oswal	39934	47684	83.7
22	Baroda BNP Paribas	28919	35933	80.5
23	LIC	26106	31037	84.1
24	PGIM India	18317	23075	79.4
25	Mahindra Manulife	15050	19660	76.6
26	Union	10265	15013	68.4
27	Bajaj Finserv	9106	10073	90.4
28	360ONE	8569	9329	91.9
29	WhiteOak Capital	7583	9242	82.0
30	Bank of India	5298	6905	76.7
31	ITI MF	5098	6633	76.9
32	JM Financial	5605	6095	92.0
33	NJ	4347	5694	76.3
34	Navi	3908	5169	75.6
35	Quantum	2028	2302	88.1
36	Samco	1657	2213	74.9
37	Trust	1031	1070	96.4
38	Helios	1091	1171	93.2
39	Taurus	681	752	90.6
40	Groww	550	707	77.8
41	Zerodha	756	843	89.7
42	Shriram	391	486	80.5
43	Old Bridge	186	201	92.5
Total/Average	-	982728	5500726	83.4

In percentage terms, Trust MF and Edelweiss MF derive highest AUM from T30 cities with the total share of over 95%. Helios MF, Old Bridge MF, JM Financial MF, 360ONE MF, Taurus MF, Bandhan MF and Bajaj Finserv MF also have a T30 AUM of over 90% of their total AUM.

Let us look at the detailed list:

Sr. No.	Fund House	T30 AUM	Total AUM	%
1	Trust	1031	1070	96.4
2	Edelweiss	120980	127373	95.0
3	Helios	1091	1171	93.2
4	Old Bridge	186	201	92.5
5	JM Financial	5605	6095	92.0
6	360ONE	8569	9329	91.9
7	Taurus	681	752	90.6
8	Bandhan	126460	139836	90.4
9	Bajaj Finserv	9106	10073	90.4
10	Zerodha	756	843	89.7
11	Invesco	68536	77132	88.9
12	Kotak	343122	387436	88.6
13	Quantum	2028	2302	88.1
14	HSBC	94939	109368	86.8
15	Mirae Asset	137639	162821	84.5
16	DSP	123503	146722	84.2
17	LIC	26106	31037	84.1
18	ICICI Prudential	584283	696557	83.9
19	Motilal Oswal	39934	47684	83.7
20	Tata	123065	147473	83.4
21	Aditya Birla	272600	330416	82.5
22	WhiteOak Capital	7583	9242	82.0
23	HDFC	504852	623815	80.9
24	Axis	223641	277285	80.7
25	Nippon India	355795	442000	80.5
26	Baroda BNP Paribas	28919	35933	80.5
27	Shriram	391	486	80.5
28	Sundaram	46100	57334	80.4
29	Franklin Templeton	71285	89167	79.9
30	PGIM India	18317	23075	79.4
31	SBI	728534	929756	78.4
32	PPFAS	52836	67463	78.3
33	Groww	550	707	77.8
34	UTI	226732	293003	77.4
35	Canara Robeco	67880	88078	77.1
36	ITI MF	5098	6633	76.9
37	Bank of India	5298	6905	76.7
38	Mahindra Manulife	15050	19660	76.6
39	NJ	4347	5694	76.3
40	Navi	3908	5169	75.6
41	Samco	1657	2213	74.9
42	Quant	47057	64777	72.6
43	Union	10265	15013	68.4
Total/Average	-	982728	5500726	83.4

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