MF News HDFC MF, SBI MF and ICICI Prudential MF are top three players in individual assets

HDFC MF, SBI MF and ICICI Prudential MF are top three players in individual assets

While HDFC MF commands the highest assets from retail investors, ICICI Prudential MF is the leader in HNI assets.

Nishant Patnaik and Riddhima Bhatnagar Jul 23, 2024

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An analysis of AUM data shows that HDFC MF, SBI and ICICI Prudential MF command the highest assets from individual investors in June 2024. Individual investors include both retail investors and HNIs.

In mutual funds, individuals who invest more than Rs.2 lakh are considered HNIs.

HDFC MF commands the highest assets of Rs.5 lakh crore from individual investors. The fund house derives 71% of its total assets from individual investors in June 2024.

SBI MF and ICICI Prudential MF are the next two fund houses with individual AUM of Rs. 4.82 lakh crore and Rs. 4.81 lakh crore, respectively. In terms of the proportion of individual AUM to the total AUM, ICICI Prudential MF receives 47% of the total assets from individual investors compared to 62% of SBI MF.

Nippon India MF and Kotak MF occupy the fourth and fifth positions with individual assets of Rs. 2.97 lakh crore and Rs. 2.57 lakh crore, respectively.

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 terms of proportion of individual assets to the total AUM, Franklin Templeton MF, PPFAS MF, Quant and Taurus MF derive over 90% of their total assets from individual investors.

Overall, individual investors contribute about 62% to the total MF AUM. The total AUM of individual investors across fund houses is Rs.37.75 lakh crore in June 2024.

Let us look at the table to know more.

Sr. No.	Fund House	Retail AUM (cr)	HNI AUM (cr)	Individual AUM (cr)	Total AUM (cr)	% Individual AUM
1	HDFC	2,00,468	2,99,260	4,99,728	7,00,155	71.37
2	SBI	1,81,495	3,00,601	4,82,096	10,21,091	47.21
3	ICICI Prudential	1,59,984	3,21,660	4,81,644	7,72,920	62.31
4	Nippon India	1,54,111	1,43,714	2,97,825	5,09,318	58.48
5	Kotak	81,475	1,75,640	2,57,115	4,36,498	58.90
6	Axis	1,50,645	86,081	2,36,726	2,97,193	79.65
7	Aditya Birla Sun Life	94,665	91,016	1,85,681	3,61,847	51.31
8	UTI	91,134	54,203	1,45,337	3,23,824	44.88
9	Mirae Asset	81,802	61,273	1,43,075	1,77,401	80.65
10	DSP	62,137	56,028	1,18,165	1,66,085	71.15
11	Tata	44,626	47,540	92,166	1,62,279	56.79
12	Franklin Templeton	53,228	37,444	90,672	99,966	90.70
13	Canara Robeco	49,143	37,250	86,393	99,040	87.23
14	Quant	43,830	39,051	82,881	89,869	92.22
15	HSBC	41,468	38,064	79,532	1,20,479	66.01
16	Bandhan	26,554	52,804	79,358	1,47,395	53.84
17	PPFAS	37,280	34,467	71,747	79,026	90.79
18	Edelweiss	13,084	39,986	53,070	1,35,688	39.11
19	Invesco	22,180	29,253	51,433	87,303	58.91
20	Sundaram	27,061	21,291	48,352	60,314	80.17
21	Motilal Oswal	21,323	21,774	43,097	57,894	74.44
22	Baroda BNP Paribas	9,746	14,509	24,255	40,599	59.74
23	PGIM India	12,062	9,946	22,008	24,710	89.07
24	Mahindra Manulife	8,219	12,823	21,042	24,279	86.67
25	Union	5,530	6,490	12,020	16,669	72.11
26	LIC	6,854	4,899	11,753	32,842	35.79
27	WhiteOak Capital	2,782	7,138	9,920	11,583	85.64
28	ITI	2,355	4,644	6,999	7,949	88.05
29	360 ONE	1,287	5,646	6,933	10,946	63.34
30	Bank of India	3,256	3,038	6,294	8,617	73.04
31	JM Financial	1,706	4,118	5,824	8,492	68.59
32	Bajaj Finserv	1,286	4,270	5,556	12,065	46.05
33	Navi	2,634	2,609	5,243	6,146	85.31
34	NJ	1,348	3,577	4,925	6,074	81.08
35	Samco	827	1,344	2,171	2,378	91.30
36	Helios	218	1,299	1,517	1,834	82.72
37	Taurus	716	84	800	833	96.04
38	Trust	61	545	606	1,418	42.75
39	Groww	445	137	582	831	70.01
40	Zerodha	393	153	546	1,939	28.16
41	Shriram	180	193	373	657	56.77
42	Old Bridge	52	237	289	436	66.30

Please note that we did not find the data of Quantum MF.

Retail AUM

In terms of retail AUM, HDFC MF is the largest player with retail AUM of Rs. 2 lakh crore. SBI MF and ICICI Prudential MF are the next two fund houses with retail AUM of Rs. 1.81 lakh crore and Rs. 1.59 lakh crore, respectively.

Nippon India MF and Axis MF complete the top 5 with retail AUM of Rs. 1.54 lakh crore and Rs. 1.50 lakh crore, respectively.

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

In terms of the proportion of total assets to the total AUM, Taurus MF, Groww MF and Franklin Templeton MF derive the highest proportion of its assets from retail investors.

Let us look at the table to know more.

Sr. No.	Fund House	Retail AUM (cr)	Total AUM (cr)	Retail %
1	HDFC	2,00,468	7,00,155	28.63
2	SBI	1,81,495	10,21,091	17.77
3	ICICI Prudential	1,59,984	7,72,920	20.70
4	Nippon India	1,54,111	5,09,318	30.26
5	Axis	1,50,645	2,97,193	50.69
6	Aditya Birla Sun Life	94,665	3,61,847	26.16
7	UTI	91,134	3,23,824	28.14
8	Mirae Asset	81,802	1,77,401	46.11
9	Kotak	81,475	4,36,498	18.67
10	DSP	62,137	1,66,085	37.41
11	Franklin Templeton	53,228	99,966	53.25
12	Canara Robeco	49,143	99,040	49.62
13	Tata	44,626	1,62,279	27.50
14	Quant	43,830	89,869	48.77
15	HSBC	41,468	1,20,479	34.42
16	PPFAS	37,280	79,026	47.17
17	Sundaram	27,061	60,314	44.87
18	Bandhan	26,554	1,47,395	18.02
19	Invesco	22,180	87,303	25.41
20	Motilal Oswal	21,323	57,894	36.83
21	Edelweiss	13,084	1,35,688	9.64
22	PGIM India	12,062	24,710	48.81
23	Baroda BNP Paribas	9,746	40,599	24.01
24	Mahindra Manulife	8,219	24,279	33.85
25	LIC	6,854	32,842	20.87
26	Union	5,530	16,669	33.17
27	Bank of India	3,256	8,617	37.79
28	WhiteOak Capital	2,782	11,583	24.02
29	Navi	2,634	6,146	42.86
30	ITI	2,355	7,949	29.63
31	JM Financial	1,706	8,492	20.10
32	NJ	1,348	6,074	22.19
33	360 ONE	1,287	10,946	11.76
34	Bajaj Finserv	1,286	12,065	10.66
35	Samco	827	2,378	34.78
36	Taurus	716	833	85.95
37	Groww	445	831	53.53
38	Zerodha	393	1,939	20.27
39	Helios	218	1,834	11.89
40	Shriram	180	657	27.40
41	Trust	61	1,418	4.31
42	Old Bridge	52	436	11.94

HNI AUM

ICICI Prudential MF has the highest HNI AUM of Rs. 3.21 lakh crore. SBI MF and HDFC MF occupy the second and third positions with HNI AUM of Rs. 3 lakh crore and Rs. 2.99 lakh crore, respectively.

Kotak MF and Nippon India MF also derive healthy assets of Rs. 1.75 lakh crore and Rs. 1.43 lakh crore from HNIs, respectively.

Other fund houses with substantial HNI assets include Aditya Birla MF, Axis MF, Mirae Asset MF, DSP MF and UTI MF.

Helios MF has the largest proportion of its total assets or 71% coming from HNIs. WhiteOak Capital MF and NJ MF are the next two fund houses with 62% and 59%, respectively of their total assets coming from HNIs.

Let us look at the table to know more.

Sr. No.	Fund House	HNI AUM (cr)	Total AUM (cr)	HNI%
1	ICICI Prudential	3,21,660	7,72,920	41.62
2	SBI	3,00,601	10,21,091	29.44
3	HDFC	2,99,260	7,00,155	42.74
4	Kotak	1,75,640	4,36,498	40.24
5	Nippon India	1,43,714	5,09,318	28.22
6	Aditya Birla Sun Life	91,016	3,61,847	25.15
7	Axis	86,081	2,97,193	28.96
8	Mirae Asset	61,273	1,77,401	34.54
9	DSP	56,028	1,66,085	33.73
10	UTI	54,203	3,23,824	16.74
11	Bandhan	52,804	1,47,395	35.82
12	Tata	47,540	1,62,279	29.30
13	Edelweiss	39,986	1,35,688	29.47
14	Quant	39,051	89,869	43.45
15	HSBC	38,064	1,20,479	31.59
16	Franklin Templeton	37,444	99,966	37.46
17	Canara Robeco	37,250	99,040	37.61
18	PPFAS	34,467	79,026	43.61
19	Invesco	29,253	87,303	33.51
20	Motilal Oswal	21,774	57,894	37.61
21	Sundaram	21,291	60,314	35.30
22	Baroda BNP Paribas	14,509	40,599	35.74
23	Mahindra Manulife	12,823	24,279	52.82
24	PGIM India	9,946	24,710	40.25
25	WhiteOak Capital	7,138	11,583	61.62
26	Union	6,490	16,669	38.93
27	360 ONE	5,646	10,946	51.58
28	LIC	4,899	32,842	14.92
29	ITI	4,644	7,949	58.43
30	Bajaj Finserv	4,270	12,065	35.39
31	JM Financial	4,118	8,492	48.49
32	NJ	3,577	6,074	58.89
33	Bank of India	3,038	8,617	35.26
34	Navi	2,609	6,146	42.45
35	Samco	1,344	2,378	56.52
36	Helios	1,299	1,834	70.83
37	Trust	545	1,418	38.43
38	Old Bridge	237	436	54.36
39	Shriram	193	657	29.38
40	Zerodha	153	1,939	7.89
41	Groww	137	831	16.48
42	Taurus	84	833	10.08

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