HDFC MF, ICICI Prudential MF and Nippon India MF are distributors favorite

An analysis of AUM data done by Cafemutual reveals that HDFC MF, ICICI Prudential MF and Nippon India MF receive healthy contribution from non-associate distributors.

Non associate distributors are essentially those who are not affiliated to the sponsors of AMC. In other words, this comprises individual  MFDs, non-affiliated banks and non-affiliated NDs.

HDFC MF has the highest non-associate assets with a non-associate AUM of Rs. 3.81 lakh crore. The fund house derives 54% of its total assets from such partners.

ICICI Prudential MF and Nippon India MF occupy the second and third position with non-associate AUM of Rs. 3.61 lakh crore and Rs. 2.34 lakh crore, respectively. Both the fund houses receive over 45% of its assets from non-associate distributors.

UTI MF and SBI MF are the next two with non-associate assets of Rs. 2.34 lakh crore and Rs. 2.26 lakh crore, respectively.

Other fund houses in the top 10 list in terms of non-associate AUM include Kotak MF, Aditya Birla MF, Axis MF, Mirae Asset MF and DSP MF.

In terms of proportion of non-associate AUM with respect to total assets, Samco MF, Taurus MF, Whiteoak Capital MF, Mahindra Manulife MF and Franklin Templeton MF have over 80% of their total AUM coming from non-associate distributors.

Overall, the total non-associate AUM of the MF industry is Rs. 29.51 lakh crore in June 2024.

Let us look at the table to know more.