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An analysis of AUM data of the MF industry reveals that SBI MF, ICICI Prudential MF and HDFC MF are the top three players in terms of T30 AUM in June 2024.
SBI MF has the highest T30 AAUM of Rs. 7.93 lakh crore as on June 2024. The fund house derives 78% of its assets from T30 cities.
Next in the list are ICICI Prudential MF and HDFC MF. While ICICI MF has T30 assets of Rs. 6.48 lakh crore, HDFC MF commands T30 AUM of Rs.5.64 lakh crore.
Both ICICI Prudential MF and HDFC MF have over 80% of their assets coming from such cities, which is higher than SBI MF in percentage terms.
Nippon India MF and Kotak MF occupy fourth and fifth spots with T30 AUM of Rs.4.10 lakh crore and Rs.3.85 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 DSP MF. Interestingly, DSP MF replaced Bandhan MF for the tenth spot. In Jan-March 2024, DSP MF was at the 12th spot. It overtook Bandhan MF and Tata MF.
In terms of the proportion of T30 assets to the total AUM, Trust MF and Edelweiss MF derived the highest proportion with 95% of their total assets from T30 AUM.
Helios MF, Old Bridge MF, 360 ONE MF, Zerodha MF, JM Financial MF and Taurus MF also have over 90% of their total assets coming from T30 cities.
Overall, the total AAUM of the MF industry in T30 cities stands at Rs. 47 lakh crore, which is 81% of the total industry’s AUM in June 2024.
Let us look at the table to know more.
| Fund house | T30 AAUM | Total AAUM | % |
| SBI | 792636 | 1021091 | 77.63 |
| ICICI Prudential | 648061 | 772920 | 83.85 |
| HDFC | 564481 | 700155 | 80.62 |
| Nippon India | 409429 | 509318 | 80.39 |
| Kotak | 385033 | 436498 | 88.21 |
| Aditya Birla | 297639 | 361847 | 82.26 |
| Axis | 237714 | 297193 | 79.99 |
| Mirae Asset | 149555 | 177401 | 84.3 |
| DSP | 139462 | 166085 | 83.97 |
| Tata | 134468 | 162279 | 82.86 |
| Bandhan | 131951 | 147395 | 89.52 |
| Edelweiss | 128468 | 135688 | 94.68 |
| HSBC | 103551 | 120479 | 85.95 |
| Franklin Templeton | 79678 | 99966 | 79.71 |
| Invesco | 77247 | 87303 | 88.48 |
| Canara Robeco | 75912 | 99040 | 76.65 |
| Quant | 64928 | 89869 | 72.25 |
| PPFAS | 61638 | 79026 | 78 |
| Sundaram | 50669 | 63228 | 80.14 |
| Motilal Oswal | 48039 | 57894 | 82.98 |
| Baroda BNP Paribas | 32452 | 40599 | 79.93 |
| LIC | 27246 | 32824 | 83.01 |
| PGIM | 19576 | 24710 | 79.22 |
| Mahindra Manulife | 18727 | 24279 | 77.13 |
| Union | 11556 | 16669 | 69.33 |
| Bajaj Finserv | 10624 | 12065 | 88.06 |
| 360 ONE | 10051 | 10946 | 91.82 |
| Whiteoak Capital | 9355 | 11583 | 80.76 |
| JM Financial | 7664 | 8492 | 90.25 |
| Bank of India | 6533 | 8617 | 75.82 |
| ITI | 6087 | 7949 | 76.58 |
| Navi | 4715 | 6146 | 76.72 |
| NJ | 4613 | 6074 | 75.95 |
| Quantum | 2094 | 2400 | 87.25 |
| Zerodha | 1770 | 1939 | 91.28 |
| Samco | 1753 | 2378 | 73.72 |
| Helios | 1700 | 1834 | 92.69 |
| Trust | 1347 | 1418 | 94.99 |
| Taurus | 750 | 833 | 90.04 |
| Groww | 612 | 831 | 73.65 |
| Shriram | 543 | 657 | 82.65 |
| Old Bridge | 403 | 436 | 92.43 |
