MF News HDFC MF, ICICI Prudential MF and SBI MF command highest individual AUM

HDFC MF, ICICI Prudential MF and SBI MF command highest individual AUM

While HDFC MF has the highest retail AUM, ICICI Pru MF commands highest market share in HNI AUM.

Kushan Shah May 1, 2024

Listen to this article

Cafemutual analysis shows that HDFC MF, ICICI Prudential MF and SBI MF command the highest assets from individual investors. Individual investors include both retail investor and HNIs.

HDFC MF has the highest individual AUM of Rs.4.41 lakh crore. It derives 71% of its assets from individual investors.

ICICI Prudential MF and SBI MF are the next two fund houses with highest individual AUM of Rs. 4.39 lakh crore and Rs. 3.82 lakh crore. While the proportion of individual AUM to the total AUM of ICICI Prudential MF is 63%, such a proportion for SBI MF is 41% in March 2024.

Nippon India MF and Kotak MF complete the top 5 with an individual investor AUM of Rs. 2.58 lakh crore and Rs. 2.27 lakh crore, respectively.

Among other players in the top 10 list in terms of individual AUM are Axis MF, Aditya Birla MF, UTI MF, Mirae Asset MF and DSP MF.

In percentage terms, fund houses which derive over 90% of their assets from individual assets are Franklin Templeton MF, PPFAS MF, Quant MF, Quantum MF and Taurus MF.

Overall, individual investors contribute about 60% to the total MF AUM. The combined AUM of individual investors across fund houses in March 2024 is Rs. 32.83 lakh crore.

Let us look at the table to know more.

Sr. No.	Fund House	Retail AUM	HNI AUM	Individual AUM	Total AUM	Individual AUM %
1	HDFC	177069	264421	441490	623815	70.8
2	ICICI Prudential	145681	292894	438575	696557	63.0
3	SBI	110648	271137	381785	929756	41.1
4	Nippon India	133499	124300	257799	442000	58.3
5	Kotak	69611	157263	226874	387436	58.6
6	Axis	104920	81633	186553	277285	67.3
7	Aditya Birla	86299	86940	173239	330416	52.4
8	UTI	89280	42967	132247	293003	45.1
9	Mirae Asset	74278	57550	131828	162821	81.0
10	DSP	54499	49581	104080	146722	70.9
11	Tata	39332	43272	82604	147473	56.0
12	Franklin Templeton	47566	32972	80538	89167	90.3
13	Canara Robeco	42992	35428	78420	88078	89.0
14	Bandhan	23608	49513	73121	139836	52.3
15	HSBC	35939	34300	70239	109368	64.2
16	PPFAS	31954	29383	61337	67463	90.9
17	Quant	32292	27808	60100	64777	92.8
18	Edelweiss	11072	35945	47017	127373	36.9
19	Sundaram	25715	20448	46163	57334	80.5
20	Invesco	19358	25418	44776	77132	58.1
21	Motilal Oswal	17221	17741	34962	47684	73.3
22	Baroda BNP Paribas	8702	13087	21789	35933	60.6
23	PGIM India	10846	9778	20624	23075	89.4
24	Mahindra Manulife	6768	10499	17267	19660	87.8
25	Union	4894	5813	10707	15013	71.3
26	LIC	6109	4424	10533	31037	33.9
27	WhiteOak	2050	5835	7885	9242	85.3
28	360ONE	1106	4766	5872	9329	62.9
29	ITI MF	1945	3783	5728	6633	86.4
30	Bank of India	2614	2318	4932	6905	71.4
31	NJ Financial	1141	3409	4550	5694	79.9
32	Navi	2259	2114	4373	5169	84.6
33	JM Financial	1165	2738	3903	6095	64.0
34	Bajaj Finserv	849	3024	3873	10073	38.4
35	Samco	748	1260	2008	2213	90.7
36	Quantum MF	958	864	1822	2302	79.1
37	Helios	128	822	950	1171	81.1
38	Taurus	650	71	721	752	95.9
39	Groww	332	110	442	707	62.5
40	Zerodha	245	91	336	843	39.9
41	Trust	5	325	330	1070	30.8
42	Shriram	162	147	309	486	63.6
43	Old Bridge	24	113	137	201	68.2

Retail AUM

When it comes to retail AUM, HDFC MF is the largest player with retail AUM of Rs. 1.77 lakh crore. ICICI Prudential MF and Nippon India MF are the next biggest fund houses with retail AUM of Rs. 1.46 lakh crore and Rs. 1.33 lakh crore, respectively. SBI MF and Axis MF complete the top 5 with retail AUM of Rs. 1.11 lakh crore and Rs. 1.05 lakh crore, respectively.

Other fund houses with retail AUM of over Rs. 50,000 crore includes UTI MF, Aditya Birla MF, Mirae Asset MF, Kotak MF and DSP MF.

Let us look at the table to know more.

Sr. No.	Fund House	Retail AUM	Total AUM	Retail AUM %
1	HDFC	177069	623815	28.4
2	ICICI Prudential	145681	696557	20.9
3	Nippon India	133499	442000	30.2
4	SBI	110648	929756	11.9
5	Axis	104920	277285	37.8
6	UTI	89280	293003	30.5
7	Aditya Birla	86299	330416	26.1
8	Mirae Asset	74278	162821	45.6
9	Kotak	69611	387436	18.0
10	DSP	54499	146722	37.1
11	Franklin Templeton	47566	89167	53.3
12	Canara Robeco	42992	88078	48.8
13	Tata	39332	147473	26.7
14	HSBC	35939	109368	32.9
15	Quant	32292	64777	49.9
16	PPFAS	31954	67463	47.4
17	Sundaram	25715	57334	44.9
18	Bandhan	23608	139836	16.9
19	Invesco	19358	77132	25.1
20	Motilal Oswal	17221	47684	36.1
21	Edelweiss	11072	127373	8.7
22	PGIM India	10846	23075	47.0
23	Baroda BNP Paribas	8702	35933	24.2
24	Mahindra Manulife	6768	19660	34.4
25	LIC	6109	31037	19.7
26	Union	4894	15013	32.6
27	Bank of India	2614	6905	37.9
28	Navi	2259	5169	43.7
29	WhiteOak	2050	9242	22.2
30	ITI MF	1945	6633	29.3
31	JM Financial	1165	6095	19.1
32	NJ Financial	1141	5694	20.0
33	360ONE	1106	9329	11.9
34	Quantum MF	958	2302	41.6
35	Bajaj Finserv	849	10073	8.4
36	Samco	748	2213	33.8
37	Taurus	650	752	86.4
38	Groww	332	707	47.0
39	Zerodha	245	843	29.1
40	Shriram	162	486	33.3
41	Helios	128	1171	10.9
42	Old Bridge	24	201	11.9
43	Trust	5	1070	0.5

In terms of percentage, Taurus MF has the highest retail AUM of over 86% of its total AUM. Franklin Templeton MF is a distant second with a retail AUM of over 53% of its total AUM. Quant MF is the third with a retail AUM of 50% of its total AUM. Other fund houses with high share of retail AUM in their total AUM include Canara Robeco MF, PPFAS MF, PGIM India MF, Groww MF, Mirae Asset MF, Sundaram MF, Navi MF and Quantum MF.

HNI AUM

In terms of HNI assets, ICICI Prudential MF has the highest HNI AUM of Rs. 2.93 lakh crore. SBI MF and HDFC MF are next with HNI AUM of Rs. 2.71 lakh crore and Rs. 2.64 lakh crore, respectively.

Kotak MF and Nippon India MF also command high HNI AUM of Rs. 1.57 lakh crore and Rs. 1.24 lakh crore, respectively.

Other fund houses with high HNI AUM includes Aditya Birla MF, Axis MF, Mirae Asset MF, DSP MF and Bandhan MF.
Let us look at the table to know more.

Sr. No.	Fund House	HNI AUM	Total AUM	HNI AUM %
1	ICICI Prudential	292894	696557	42.0
2	SBI	271137	929756	29.2
3	HDFC	264421	623815	42.4
4	Kotak	157263	387436	40.6
5	Nippon India	124300	442000	28.1
6	Aditya Birla	86940	330416	26.3
7	Axis	81633	277285	29.4
8	Mirae Asset	57550	162821	35.3
9	DSP	49581	146722	33.8
10	Bandhan	49513	139836	35.4
11	Tata	43272	147473	29.3
12	UTI	42967	293003	14.7
13	Edelweiss	35945	127373	28.2
14	Canara Robeco	35428	88078	40.2
15	HSBC	34300	109368	31.4
16	Franklin Templeton	32972	89167	37.0
17	PPFAS	29383	67463	43.6
18	Quant	27808	64777	42.9
19	Invesco	25418	77132	33.0
20	Sundaram	20448	57334	35.7
21	Motilal Oswal	17741	47684	37.2
22	Baroda BNP Paribas	13087	35933	36.4
23	Mahindra Manulife	10499	19660	53.4
24	PGIM India	9778	23075	42.4
25	WhiteOak	5835	9242	63.1
26	Union	5813	15013	38.7
27	360ONE	4766	9329	51.1
28	LIC	4424	31037	14.3
29	ITI MF	3783	6633	57.0
30	NJ Financial	3409	5694	59.9
31	Bajaj Finserv	3024	10073	30.0
32	JM Financial	2738	6095	44.9
33	Bank of India	2318	6905	33.6
34	Navi	2114	5169	40.9
35	Samco	1260	2213	56.9
36	Quantum MF	864	2302	37.5
37	Helios	822	1171	70.2
38	Trust	325	1070	30.4
39	Shriram	147	486	30.2
40	Old Bridge	113	201	56.2
41	Groww	110	707	15.6
42	Zerodha	91	843	10.8
43	Taurus	71	752	9.4

Like what you are reading?

Login to get instant access to this article and many other such articles on business development, success stories and industry updates.

Don't worry ... it's FREE!

Have a query or a doubt?
Need a clarification or more information on an issue?
Cafemutual welcomes all mutual fund and insurance related questions. So write in to us at newsdesk@cafemutual.com