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An analysis of industry data by Cafemutual shows that Nippon India MF, ICICI Prudential MF and HDFC MF have the highest number of folios in July 2024. These three fund houses collectively manage 6.90 crore folios or 35% of the total 19.73 crore folios in the MF fold in July 2024.
Nippon India MF leads the pack with 2.71 crore folios. The fund house added 67 lakh folios in the last one year.
Next in the list are ICICI Prudential MF and HDFC MF. Both the fund houses have a folio count of 2.22 crore and 1.95 crore, respectively. While ICICI MF added 49 lakh folio, HDFC MF added 70 lakh folios in one year.
Apart from these three, SBI MF, UTI MF and Axis MF manage more than one crore folios each.
In absolute terms, HDFC MF, Nippon India MF and ICICI Prudential MF added the highest number of folios between July 2023 and July 2024.
Further, Bajaj Finserv MF, Trust MF and Groww MF reported the highest growth in percentage growth. On the other hand, PGIM MF and Axis MF saw reduction in their folio count.
Overall, the MF industry witnessed an increase in folio count to 19.73 crore in July 2024 from 15.16 crore, a growth of 30%.
Let’s look at fund house wise folio count:
| S.no | Fund house | Folio count July 2024 | Folio count July 2023 | Folios added in 1 year | Folio % |
| 1 | Nippon India | 2,71,56,121 | 2,04,59,636 | 66,96,485 | 33% |
| 2 | ICICI Prudential | 2,22,79,369 | 1,74,16,587 | 48,62,782 | 28% |
| 3 | HDFC | 1,95,94,156 | 1,26,07,441 | 69,86,715 | 55% |
| 4 | SBI | 1,63,95,921 | 1,27,06,895 | 36,89,026 | 29% |
| 5 | UTI | 1,26,35,112 | 1,21,53,509 | 4,81,603 | 4% |
| 6 | Axis | 1,24,69,451 | 1,25,56,164 | -86,713 | -1% |
| 7 | Aditya Birla Sun Life | 97,15,735 | 78,94,398 | 18,21,337 | 23% |
| 8 | Kotak | 84,67,095 | 67,67,840 | 16,99,255 | 25% |
| 9 | DSP | 84,60,662 | 76,24,720 | 8,35,942 | 11% |
| 10 | Quant | 79,64,276 | 32,50,378 | 47,13,898 | 145% |
| 11 | Mirae Asset | 64,18,050 | 57,16,702 | 7,01,348 | 12% |
| 12 | Tata | 61,76,057 | 44,46,430 | 17,29,627 | 39% |
| 13 | Canara Robeco | 47,77,986 | 44,89,089 | 2,88,897 | 6% |
| 14 | Motilal Oswal | 44,58,013 | 20,37,130 | 24,20,883 | 119% |
| 15 | PPFAS | 38,98,329 | 25,17,856 | 13,80,473 | 55% |
| 16 | Franklin Templeton | 33,81,851 | 28,39,614 | 5,42,237 | 19% |
| 17 | Navi | 28,61,942 | 16,02,923 | 12,59,019 | 79% |
| 18 | Bandhan | 25,48,524 | 18,77,098 | 6,71,426 | 36% |
| 19 | Sundaram | 24,18,226 | 22,52,674 | 1,65,552 | 7% |
| 20 | HSBC | 22,23,536 | 17,22,570 | 5,00,966 | 29% |
| 21 | Invesco | 18,95,109 | 15,28,753 | 3,66,356 | 24% |
| 22 | Edelweiss | 18,53,742 | 11,93,873 | 6,59,869 | 55% |
| 23 | PGIM India | 12,76,720 | 14,03,754 | -1,27,034 | -9% |
| 24 | Baroda BNP Paribas | 12,51,052 | 10,51,439 | 1,99,613 | 19% |
| 25 | Mahindra Manulife | 11,48,612 | 6,10,627 | 5,37,985 | 88% |
| 26 | LIC | 8,77,824 | 8,22,808 | 55,016 | 7% |
| 27 | Union | 6,50,240 | 5,05,618 | 1,44,622 | 29% |
| 28 | Groww | 5,77,951 | 61,145 | 5,16,806 | 845% |
| 29 | WhiteOak Capital | 5,58,038 | 1,89,334 | 3,68,704 | 195% |
| 30 | Bank of India | 5,38,829 | 3,29,175 | 2,09,654 | 64% |
| 31 | JM Financial | 4,99,578 | 1,54,706 | 3,44,872 | 223% |
| 32 | Bajaj Finserv | 3,34,843 | 5,629 | 3,29,214 | 5849% |
| 33 | NJ | 3,25,584 | 1,33,970 | 1,91,614 | 143% |
| 34 | ITI | 2,95,843 | 2,01,609 | 94,234 | 47% |
| 35 | Zerodha | 2,59,702 | not applicable | - | - |
| 36 | 360 ONE | 1,77,073 | 1,51,020 | 26,053 | 17% |
| 37 | Samco | 1,46,465 | 99,773 | 46,692 | 47% |
| 38 | Quantum | 1,44,508 | 1,04,012 | 40,496 | 39% |
| 39 | Taurus | 1,25,663 | 1,14,651 | 11,012 | 10% |
| 40 | Helios | 49,924 | not applicable | - | - |
| 41 | Shriram | 30,379 | 17,589 | 12,790 | 73% |
| 42 | Trust | 19,739 | 2,062 | 17,677 | 857% |
| 43 | Old Bridge | 12,225 | not applicable | - | - |
Please note that Helios MF, Zerodha MF and Old Bridge MF were launched post July 2023 so we have only added July 2024 data for them. Helios MF was launched in August 2023, Zerodha MF in October 2023 and Old Bridge MF in January 2024.
