MF News Which fund houses have the highest AUM from direct plans?

Which fund houses have the highest AUM from direct plans?

SBI MF, ICICI Pru MF and HDFC MF have the highest direct plan assets in absolute terms.

Kushan Shah Oct 14, 2024

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An analysis of AUM data of fund houses by Cafemutual shows that SBI MF, ICICI Prudential MF and HDFC MF are the top three fund houses in terms of direct plan assets in September 2024.

SBI MF has the highest AUM of Rs. 6.44 lakh crore under direct plan. It derives 57% of its total AUM from the direct assets.

Second on the list is ICICI Pru MF with the direct AUM of Rs. 4 lakh crore. It derives 46% of its assets from direct plan. Joining the two fund houses in the top 3 is HDFC MF with a direct AUM of Rs. 3.15 lakh crore. HDFC MF has 40% of its assets coming from direct plans.

Nippon India MF and Kotak MF follow the top 3 with direct AUM of Rs. 3.01 lakh crore each.

Other fund houses with high direct AUM includes Aditya Birla Sun Life MF, Axis MF, UTI MF, Tata MF and Bandhan MF.

Let us look at the tabular data to know more.

Sr. No.	Fund House	Direct AUM	Total AUM
1	SBI	644414	1126982
2	ICICI Prudential	399505	867070
3	HDFC	314583	778115
4	Nippon India	301410	560550
5	Kotak	229563	480682
6	Aditya Birla Sun Life	190458	386982
7	Axis	147604	323806
8	UTI	90606	350948
9	Tata	87003	180490
10	Bandhan	81128	159276
11	DSP	75425	189263
12	Mirae Asset	71970	195821
13	PPFAS	59398	91672
14	Quant	55307	100426
15	HSBC	51744	129937
16	Invesco	46820	101546
17	Edelweiss	34930	143442
18	Motilal Oswal	31674	76603
19	Canara Robeco	27105	110393
20	Franklin Templeton	22317	114532
21	Baroda BNP Paribas	15772	46225
22	LIC	14751	34344
23	Sundaram	13037	68555
24	PGIM	8121	26413
25	360 ONE	6960	12113
26	Navi	5842	6778
27	JM Financial	5688	12229
28	Mahindra Manulife	5216	29414
29	Union	4948	19783
30	BOI	3523	10994
31	Zerodha Capital	2984	2984
32	Quantum	2394	2573
33	ITI	2210	9522
34	WhiteOak Capital	2047	14045
35	Trust	1468	1959
36	NJ Financial	1378	6975
37	Helios	991	2465
38	Groww	767	1203
39	Old Bridge	480	771
40	Samco	238	2592
41	Shriram	184	789
42	Taurus	136	938
Total		3062099	6782200

AMCs with highest proportion of direct AUM

In terms of proportion of direct plan AUM to the total assets, Zerodha Capital MF is first with all its AUM coming from direct mode. Quantum MF is second with 93% of its AUM coming directly.

Navi MF records 86% of its AUM from direct mode.

Trust MF and PPFAS MF occupy fourth and fifth spots with direct to total AUM ratio of 75% and 65%, respectively.

Other AMCs with high direct AUM include Groww MF, Old Bridge MF, 360 ONE MF, SBI MF and Quant MF.

Overall, direct AUM of the MF industry is at Rs. 30.62 lakh crore, which is 45% of the total industry AUM.

Let us look at the table to know more.

Sr. No.	Fund House	Direct AUM	Total AUM	Direct AUM %
1	Zerodha Capital	2984	2984	100.00
2	Quantum	2394	2573	93.04
3	Navi	5842	6778	86.19
4	Trust	1468	1959	74.94
5	PPFAS	59398	91672	64.79
6	Groww	767	1203	63.76
7	Old Bridge	480	771	62.26
8	360 ONE	6960	12113	57.46
9	SBI	644414	1126982	57.18
10	Quant	55307	100426	55.07
11	Nippon India	301410	560550	53.77
12	Bandhan	81128	159276	50.94
13	Aditya Birla	190458	386982	49.22
14	Tata	87003	180490	48.20
15	Kotak	229563	480682	47.76
16	JM Financial	5688	12229	46.51
17	Invesco	46820	101546	46.11
18	ICICI Prudential	399505	867070	46.08
19	Axis	147604	323806	45.58
20	LIC	14751	34344	42.95
21	Motilal Oswal	31674	76603	41.35
22	HDFC	314583	778115	40.43
23	Helios	991	2465	40.20
24	DSP	75425	189263	39.85
25	HSBC	51744	129937	39.82
26	Mirae Asset	71970	195821	36.75
27	Baroda BNP Paribas	15772	46225	34.12
28	BOI	3523	10994	32.04
29	PGIM	8121	26413	30.75
30	UTI	90606	350948	25.82
31	Union	4948	19783	25.01
32	Canara Robeco	27105	110393	24.55
33	Edelweiss	34930	143442	24.35
34	Shriram	184	789	23.32
35	ITI	2210	9522	23.21
36	NJ Financial	1378	6975	19.76
37	Franklin Templeton	22317	114532	19.49
38	Sundaram	13037	68555	19.02
39	Mahindra Manulife	5216	29414	17.73
40	WhiteOak Capital	2047	14045	14.57
41	Taurus	136	938	14.50
42	Samco	238	2592	9.18
Total		3062099	6782200	45.15

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