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An analysis of AUM data done by Cafemutual reveals that SBI MF, HDFC MF and ICICI Prudential MF are the top three players in B30 assets in June 2024.
SBI MF, India’s largest fund house by AUM, is also the leader in terms of B30 assets. The fund house recorded B30 AUM of Rs. 2.28 lakh crore deriving over 22% of its total assets from smaller cities and towns.
HDFC MF and ICICI Prudential MF occupy the next two positions with B30 AUM of Rs. 1.35 lakh crore and Rs. 1.25 lakh crore, respectively. While HDFC MF derives 19% of its assets from B30 cities, such a proportion is 16% for ICICI Prudential MF.
Next are Nippon India MF and UTI MF with B30 assets of Rs. 1 lakh crore and Rs. 65200 crore, respectively
Other fund houses in the top 10 list are Aditya Birla MF, Axis MF, Kotak MF, Mirae Asset MF and Tata MF.
In terms of proportion of B30 assets to the total AUM, Union MF tops the chart with over 30% of its AUM coming from B30 cities. Quant MF, Groww MF and Samco MF also recorded higher proportion of their assets coming from B30 cities.
Overall, an analysis of AUM data shows that the average AUM of the MF industry in B30 cities stands at Rs. 10.35 lakh crore as of June 2024. The B30 cities contribute about 18% of the total AUM of the MF industry which stands at Rs. 57.43 lakh crore.
Let us look at the table to know more.
| Sr No. | Fund house | B30 AAUM | Total AAUM | % |
| 1 | SBI | 228455 | 1021091 | 22.37 |
| 2 | HDFC | 135674 | 700155 | 19.38 |
| 3 | ICICI Prudential | 124859 | 772920 | 16.15 |
| 4 | Nippon India | 99889 | 509318 | 19.61 |
| 5 | UTI | 65201 | 323824 | 20.13 |
| 6 | Aditya Birla | 64208 | 361847 | 17.74 |
| 7 | Axis | 59479 | 297193 | 20.01 |
| 8 | Kotak | 51465 | 436498 | 11.79 |
| 9 | Mirae Asset | 27846 | 177401 | 15.7 |
| 10 | Tata | 27811 | 162279 | 17.14 |
| 11 | DSP | 26623 | 166085 | 16.03 |
| 12 | Quant | 24941 | 89869 | 27.75 |
| 13 | Canara Robeco | 23128 | 99040 | 23.35 |
| 14 | Franklin Templeton | 20288 | 99966 | 20.29 |
| 15 | PPFAS | 17388 | 79026 | 22 |
| 16 | HSBC | 16928 | 120479 | 14.05 |
| 17 | Bandhan | 15444 | 147395 | 10.48 |
| 18 | Sundaram | 12559 | 63228 | 19.8 |
| 19 | Invesco | 10056 | 87303 | 11.52 |
| 20 | Motilal Oswal | 9855 | 57894 | 17.02 |
| 21 | Baroda BNP Paribas | 8147 | 40599 | 20.07 |
| 22 | Edelweiss | 7220 | 135688 | 5.32 |
| 23 | LIC | 5578 | 32824 | 16.99 |
| 24 | Mahindra Manulife | 5552 | 24279 | 22.87 |
| 25 | PGIM | 5134 | 24710 | 20.78 |
| 26 | Union | 5113 | 16669 | 30.67 |
| 27 | Whiteoak Capital | 2228 | 11583 | 19.24 |
| 28 | Bank of India | 2084 | 8617 | 24.18 |
| 29 | ITI | 1862 | 7949 | 23.42 |
| 30 | NJ | 1461 | 6074 | 24.05 |
| 31 | Bajaj Finserv | 1441 | 12065 | 11.94 |
| 32 | Navi | 1431 | 6146 | 23.28 |
| 33 | 360 ONE | 895 | 10946 | 8.18 |
| 34 | JM Financial | 828 | 8492 | 9.75 |
| 35 | Samco | 625 | 2378 | 26.28 |
| 36 | Quantum | 307 | 2400 | 12.79 |
| 37 | Groww | 219 | 831 | 26.35 |
| 38 | Zerodha | 169 | 1939 | 8.72 |
| 39 | Helios | 134 | 1834 | 7.31 |
| 40 | Shriram | 114 | 657 | 17.35 |
| 41 | Taurus | 83 | 833 | 9.96 |
| 42 | Trust | 71 | 1418 | 5.01 |
| 43 | Old Bridge | 33 | 436 | 7.57 |
