India’s top 10 equity funds account for 34 percent of total equity AUM

HDFC Equity Fund and HDFC Top 200 are the largest equity schemes in the industry, shows a Motilal Oswal report.

The top 10 equity funds account for 34% or Rs. 80,300 crore of the total Rs. 2.35 lakh crore managed by equity mutual funds as on August 2014, shows a Motilal Oswal Securities report. 

HDFC Equity Fund and HDFC Top 200 are the largest funds in the industry which together manage assets of Rs. 28,800 crore. While HDFC Equity Fund (India’s largest fund in terms of size) has an AUM of Rs.15,800 crore, HDFC Top 200 manages Rs.13,000 crore, shows the report.

Both these funds have significantly outperformed their benchmark during a five year period. Value Research data shows that HDFC Equity Fund and HDFC Top 200 have delivered CAGR of 17% and 15% respectively in five years against the 10% CAGR of their respective benchmarks.

This was followed by Reliance Equity Opportunities Fund and ICICI Pru Focussed Bluechip Equity Fund which manage AUM of Rs. 8,100 crore and Rs.7,300 crore, respectively. While Reliance Equity Opportunity has delivered 22% CAGR, ICICI Pru Focussed Bluechip Equity Fund has given CAGR of 17% in five years, shows Value Research online.

Both HDFC Mutual Fund and ICICI Prudential Mutual Fund have three funds each in the list of top 10 equity funds. Other fund houses- Reliance, Birla Sun Life, IDFC, Franklin Templeton have one each fund in the list.

Also, the report says that 75% of equity mutual funds have outperformed their respective benchmarks as on August 31. There are more than 300 equity funds in the industry which manage Rs. 2.34 lakh crore assets under management.

AAUM of top ten schemes

Source: Motilal Oswal Securities