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  • MF News SBI MF, HDFC MF and ICICI Prudential MF are the B30 kings

    SBI MF, HDFC MF and ICICI Prudential MF are the B30 kings

    Groww MF, Union MF and quant MF derive the highest proportion of their total assets from B30 cities.
    Suhail Chagla Oct 17, 2024

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    SBI MF, HDFC MF and ICICI Prudential MF dominate the B30 asset base, reveals an analysis done by Cafemutual.

    SBI MF manages the highest assets of Rs.2.55 lakh crore from B30 cities. It derives 23% of its total assets from these locations.

    While ICICI Prudential MF manages AUM of Rs.1.52 lakh crore from B30 cities, HDFC MF is not so far behind with B30 assets of Rs.1.43 lakh crore in September 2024.

    Following the top three are Nippon India MF and UTI MF who occupy the next two positions with B30 assets of Rs 1.15 lakh crore and Rs 72,282 crore, respectively.

    Aditya Birla Sun Life MF (Rs 71,061 crore), Axis MF (Rs 63,485 crore), Kotak MF (Rs 58,668 crore), Tata MF (Rs 32,176 crore), and Mirae Asset MF (Rs 31,169 crore) round up the top ten fund houses in the B30 space.

    If we look at the proportion of total B30 asset with respect to the total AUM, 15 fund houses have over 20% of their total AUM in B30 cities.

    Groww MF takes the lead with 30% coming from B30 cities. Union MF at 28.95% and Quant MF closely follow Groww MF with a high B30 AUM proportion of 29% each.

    NJ MF (24.80%), Navi MF (24.55%), and BOI MF (24.30%) also show significant B30 presence. Other notable fund houses with over 20% B30 asset proportion include Canara Robeco MF (23.62%), PPFAS MF (22.46%) and SBI MF (22.63%).

    Overall, the MF industry derives 19% of its total assets from B30 cities.

    Let us look at the table to know more:

     

    Ranking

    Fund houses

    B30 AUM

    Total AUM

    B30%

    1

    SBI

    2,55,092

    1126982

    22.63

    2

    HDFC

    151935

    778115

    19.53

    3

    ICICI Prudential

    142651

    867070

    16.45

    4

    Nippon India

    115006

    560550

    20.52

    5

    UTI

    72282

    350948

    20.60

    6

    Aditya Birla Sun Life

    71061

    386982

    18.36

    7

    Axis

    63485

    323806

    19.61

    8

    Kotak

    58668

    480682

    12.21

    9

    Tata

    32176

    180490

    17.83

    10

    Mirae Asset

    31169

    195821

    15.92

    11

    DSP

    29883

    189263

    15.79

    12

    Quant

    28724

    100426

    28.60

    13

    Canara Robeco

    26078

    110393

    23.62

    14

    Franklin Templeton

    23412

    114532

    20.44

    15

    PPFAS

    20586

    91672

    22.46

    16

    HSBC

    18094

    129937

    13.93

    17

    Bandhan

    17258

    159276

    10.84

    18

    Motilal Oswal

    14929

    76603

    19.49

    19

    Sundaram

    14089

    68555

    20.55

    20

    Invesco

    11748

    101546

    11.57

    21

    Baroda BNP Paribas

    9376

    46225

    20.28

    22

    Edelweiss

    8666

    143442

    6.04

    23

    Mahindra Manulife

    6899

    29414

    23.45

    24

    LIC

    6327

    34344

    18.42

    25

    Union

    5728

    19783

    28.95

    26

    PGIM

    5692

    26413

    21.55

    27

    WhiteOak Capital

    2842

    14045

    20.23

    28

    BOI

    2671

    10994

    24.30

    29

    ITI

    2256

    9522

    23.69

    30

    NJ Financial

    1730

    6975

    24.80

    31

    Navi

    1664

    6778

    24.55

    32

    JM Financial

    1410

    12229

    11.53

    33

    360 ONE

    1025

    12113

    8.46

    34

    Samco

    678

    2592

    26.16

    35

    Groww

    361

    1203

    30.01

    36

    Quantum

    337

    2573

    13.10

    37

    Zerodha Capital

    254

    2984

    8.51

    38

    Helios

    166

    2465

    6.73

    39

    Shriram

    127

    789

    16.10

    40

    Taurus

    109

    938

    11.62

    41

    Trust

    89

    1959

    4.54

    42

    Old Bridge

    65

    771

    8.43

    Total

    1256798

    6782200

    18.53

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