MF News SBI MF, ICICI Pru MF and HDFC MF are the top equity players

SBI MF, ICICI Pru MF and HDFC MF are the top equity players

The total equity AUM of MF industry stands at Rs. 45.63 lakh crore.

Kushan Shah Oct 29, 2024

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A Cafemutual analysis of AUM data shows that SBI MF, ICICI Pru MF and HDFC MF are the top three fund houses in terms of equity AUM.

SBI MF has the highest equity AUM across all fund houses of Rs. 8.38 lakh crore. The fund house derives 74% of its total assets from equity funds.

ICICI Pru MF is the second in the ranking with equity AUM of Rs. 5.75 lakh crore. HDFC MF completes the top 3 with equity AUM of Rs. 5.25 lakh crore.

Following the top 3 are Nippon India MF and UTI MF which have recorded equity AUM of Rs. 3.84 lakh crore and Rs. 2.66 lakh crore, respectively. Kotak MF, Axis MF, Aditya Birla Sun Life MF, Mirae Asset MF and DSP MF complete the top 10 list with the highest equity AUM.

Please note that we have considered pure equity, ELSS, aggressive hybrid, equity index and ETF schemes to include equity AUM. We have not included arbitrage funds.

Also, we have included equity savings funds, aggressive hybrid funds and balanced advantage funds in hybrid fund category.

Let us look at the table to know more.

Sr. No.	Fund House	Pure Equity AUM+ ELSS + Solution-oriented schemes	Equity-oriented Hybrid Funds	Equity Index + ETFs	Total Equity AUM	Total AUM	Equity AUM (%)
1	SBI	366761	113646	357807	838214	1126982	74.38
2	ICICI Prudential	371013	114826	89238	575077	867070	66.32
3	HDFC	355043	127351	43128	525522	778115	67.54
4	Nippon India	252222	13505	118135	383862	560550	68.48
5	UTI	106633	9866	149018	265517	350948	75.66
6	Kotak	213151	31097	12175	256423	480682	53.35
7	Axis	199905	5248	5342	210495	323806	65.01
8	Aditya Birla Sun Life	153774	16303	8708	178785	386982	46.20
9	Mirae Asset	151221	12486	6583	170290	195821	86.96
10	DSP	104754	15594	5921	126269	189263	66.72
11	Tata	85147	14807	3601	103555	180490	57.37
12	Canara Robeco	90385	12668	0	103053	110393	93.35
13	Franklin Templeton	97196	5040	734	102970	114532	89.91
14	Quant	91044	3751	0	94795	100426	94.39
15	PPFAS	84940	0	0	84940	91672	92.66
16	HSBC	72637	7820	435	80892	129937	62.25
17	Motilal Oswal	49165	1321	13155	63641	76603	83.08
18	Bandhan	54771	3276	3459	61506	159276	38.62
19	Invesco	54879	1712	94	56685	101546	55.82
20	Sundaram	47272	7973	98	55343	68555	80.73
21	Edelweiss	26363	15136	1314	42813	143442	29.85
22	Baroda BNP Paribas	22446	5583	73	28102	46225	60.79
23	Mahindra Manulife	23470	2917	0	26387	29414	89.71
24	PGIM	22146	1414	0	23560	26413	89.20
25	LIC	11563	1442	3760	16765	34344	48.81
26	Union	11767	2321	0	14088	19783	71.21
27	WhiteOak Capital	12116	1315	0	13431	14045	95.63
28	360 ONE	9773	817	0	10590	12113	87.43
29	ITI	8758	386	0	9144	9522	96.03
30	JM Financial	8500	617	0	9117	12229	74.55
31	BOI	7657	1126	0	8783	10994	79.89
32	NJ Financial	2146	4260	0	6406	6975	91.84
33	Navi	677	113	3986	4776	6778	70.46
34	Samco	1873	641	0	2514	2592	96.99
35	Helios	2108	241	0	2349	2465	95.29
36	Quantum	1621	27	62	1710	2573	66.46
37	Taurus	934	0	5	939	939	100.00
38	Groww	270	46	550	866	1203	71.99
39	Zerodha	0	0	777	777	2984	26.04
40	Old Bridge	771	0	0	771	771	100.00
41	Trust	749	0	0	749	1959	38.23
42	Shriram	368	110	0	478	789	60.58
Total		3177989	556802	828158	4562949	6782201	67.28

Pure equity AUM

When it comes to pure equity, the ranking changes slightly.

Here, ICICI Pru MF is the leader with a pure equity AUM of Rs. 3.71 lakh crore. SBI MF is second with pure equity AUM of Rs. 3.67 lakh crore. HDFC MF occupies the third position with pure equity AUM of Rs. 3.55 lakh crore AUM.

Nippon India MF, Kotak MF, Axis MF, Aditya Birla Sun Life MF, Mirae Asset MF, UTI MF and DSP MF have also recorded healthy assets from pure equity funds.

Let us look at the table to know more.

Sr. No.	Fund House	Pure Equity AUM+ ELSS + Solution-oriented schemes
1	ICICI Prudential	371013
2	SBI	366761
3	HDFC	355043
4	Nippon India	252222
5	Kotak	213151
6	Axis	199905
7	Aditya Birla Sun Life	153774
8	Mirae Asset	151221
9	UTI	106633
10	DSP	104754
11	Franklin Templeton	97196
12	Quant	91044
13	Canara Robeco	90385
14	Tata	85147
15	PPFAS	84940
16	HSBC	72637
17	Invesco	54879
18	Bandhan	54771
19	Motilal Oswal	49165
20	Sundaram	47272
21	Edelweiss	26363
22	Mahindra Manulife	23470
23	Baroda BNP Paribas	22446
24	PGIM	22146
25	WhiteOak Capital	12116
26	Union	11767
27	LIC	11563
28	360 ONE	9773
29	ITI	8758
30	JM Financial	8500
31	BOI	7657
32	NJ Financial	2146
33	Helios	2108
34	Samco	1873
35	Quantum	1621
36	Taurus	934
37	Old Bridge	771
38	Trust	749
39	Navi	677
40	Shriram	368
41	Groww	270
42	Zerodha	0
Total		3177989

Equity-oriented hybrid funds

In terms of equity-oriented hybrid funds, HDFC MF, ICICI Pru MF and SBI MF are the leaders.

HDFC MF has recorded Rs. 1.27 lakh crore AUM in equity-oriented hybrid schemes. ICICI Pru MF comes second with Rs. 1.15 lakh crore AUM. SBI MF completes the top 3 with Rs. 1.14 lakh crore AUM coming from equity-oriented hybrid funds.

Other fund houses with high AUM in equity-oriented hybrid schemes include Kotak MF, Aditya Birla Sun Life MF, DSP MF, Edelweiss MF, Tata MF, Nippon India MF and Canara Robeco MF.

Let us look at the table to know more.

Sr. No.	Fund House	Equity-oriented Hybrid Funds
1	HDFC	127351
2	ICICI Prudential	114826
3	SBI	113646
4	Kotak	31097
5	Aditya Birla Sun Life	16303
6	DSP	15594
7	Edelweiss	15136
8	Tata	14807
9	Nippon India	13505
10	Canara Robeco	12668
11	Mirae Asset	12486
12	UTI	9866
13	Sundaram	7973
14	HSBC	7820
15	Baroda BNP Paribas	5583
16	Axis	5248
17	Franklin Templeton	5040
18	NJ Financial	4260
19	Quant	3751
20	Bandhan	3276
21	Mahindra Manulife	2917
22	Union	2321
23	Invesco	1712
24	LIC	1442
25	PGIM	1414
26	Motilal Oswal	1321
27	WhiteOak Capital	1315
28	BOI	1126
29	360 ONE	817
30	Samco	641
31	JM Financial	617
32	ITI	386
33	Helios	241
34	Navi	113
35	Shriram	110
36	Groww	46
37	Quantum	27
38	PPFAS	0
39	Taurus	0
40	Old Bridge	0
41	Trust	0
42	Zerodha	0

Equity index funds + ETFs

In passive equity funds, SBI MF has the highest AUM of Rs. 3.58 lakh crore.

Here, UTI MF has the second highest equity passive AUM of Rs. 1.49 lakh crore. Nippon India MF completes the top 3 with Rs. 1.18 lakh crore AUM in equity passive funds.

Other fund houses with high equity passive AUM include ICICI Pru MF, HDFC MF, Motilal Oswal MF, Kotak MF, Aditya Birla Sun Life MF, Mirae Asset MF and DSP MF.

Sr. No.	Fund House	Equity Index + ETFs
1	SBI	357807
2	UTI	149018
3	Nippon India	118135
4	ICICI Prudential	89238
5	HDFC	43128
6	Motilal Oswal	13155
7	Kotak	12175
8	Aditya Birla Sun Life	8708
9	Mirae Asset	6583
10	DSP	5921
11	Axis	5342
12	Navi	3986
13	LIC	3760
14	Tata	3601
15	Bandhan	3459
16	Edelweiss	1314
17	Zerodha	777
18	Franklin Templeton	734
19	Groww	550
20	HSBC	435
21	Sundaram	98
22	Invesco	94
23	Baroda BNP Paribas	73
24	Quantum	62
25	Taurus	5
26	Canara Robeco	0
27	NJ Financial	0
28	Quant	0
29	Mahindra Manulife	0
30	Union	0
31	PGIM	0
32	WhiteOak Capital	0
33	BOI	0
34	360 ONE	0
35	Samco	0
36	JM Financial	0
37	ITI	0
38	Helios	0
39	Shriram	0
40	PPFAS	0
41	Old Bridge	0
42	Trust	0
Total		828158

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