MF News HDFC MF, ICICI Pru MF and SBI MF: Top three players in individual AUM

HDFC MF, ICICI Pru MF and SBI MF: Top three players in individual AUM

The individual AUM of the MF industry stands at Rs. 42.49 lakh crore.

Kushan Shah Jan 19, 2025

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An analysis of the MF industry AUM data by Cafemutual shows that HDFC MF, ICICI Prudential MF and SBI MF are the top three fund houses in terms of individual MF AUM in December 2024.

Individual AUM includes contributions from both retail investors and HNIs.

Our analysis shows that among all fund houses, HDFC MF commands the highest contribution from individual investors. The fund house manages Rs.5.60 lakh crore of individual assets, which is 70% of its total AUM.

ICICI Prudential MF occupies the second spot with AUM of Rs. 5.45 lakh crore coming from individual investors, about 62% of its total assets.

Not far behind is SBI MF with an individual AUM of Rs. 5.38 lakh crore. The India’s largest fund house in terms of AUM derives 48% of the total AUM from individual investors.

Nippon India MF and Kotak MF occupy the fourth and fifth spots with individual AUM of Rs. 3.47 lakh crore and Rs. 2.90 lakh crore, respectively. While Nippon India MF receives 60% of its total AUM from individual investors, Kotak MF derives 58% of the total assets from such investors.

Other fund houses in the top 10 list in terms of individual AUM include Axis MF, Aditya Birla Sun Life MF, UTI MF, Mirae Asset MF and DSP MF.

In terms of proportion of individual assets with respect to the total assets, Taurus MF has the highest share of its assets coming from individual investors at 96%. Quant MF and Samco MF also derive over 90% of their assets from individual investors.

PPFAS MF and Franklin Templeton MF complete the top five with individual investors constituting 91% and 90% of their AUM, respectively.

Other fund houses with a high proportion of the total assets coming from individual investors are PPFAS MF, Frranklin Templeton MF, PGIM India MF, Canara Robeco MF, Mahindra Manulife MF, WhiteOak Capital MF and Helios MF.

Overall, the individual investors contribute Rs. 42.49 lakh crore to the industry, forming 61% of the total MF assets.

Here is the table that shows the individual AUM of each fund house.

Sr. No.	Fund House	Retail AUM	HNI AUM	Individual AUM	Total AUM	Individual AUM %
1	HDFC	224452	335486	559938	797153	70.24
2	ICICI Prudential	181036	364053	545089	882858	61.74
3	SBI	206342	331986	538328	1114610	48.30
4	Nippon India	177506	169225	346731	577626	60.03
5	Kotak	92401	197622	290023	495858	58.49
6	Axis	125219	91441	216660	329126	65.83
7	Aditya Birla Sun Life	100584	96747	197331	383043	51.52
8	UTI	98390	61072	159462	354448	44.99
9	Mirae Asset	88791	65254	154045	196632	78.34
10	DSP	68427	66769	135196	194891	69.37
11	Tata	53264	54641	107905	190439	56.66
12	Franklin Templeton	58202	44762	102964	114436	89.98
13	Canara Robeco	55494	42051	97545	109799	88.84
14	Bandhan	30948	60992	91940	171835	53.50
15	PPFAS	47579	42537	90116	98950	91.07
16	Quant	51263	38489	89752	96628	92.88
17	HSBC	46069	43370	89439	132072	67.72
18	Motilal Oswal	37641	36906	74547	94527	78.86
19	Invesco	26569	36655	63224	109582	57.70
20	Edelweiss	16868	46220	63088	143510	43.96
21	Sundaram	30407	24763	55170	69400	79.50
22	Baroda BNP Paribas	11148	17174	28322	46539	60.86
23	Mahindra Manulife	10387	14856	25243	28970	87.13
24	PGIM India	13380	10010	23390	26196	89.29
25	Union	6436	7665	14101	20210	69.77
26	LIC	7926	6100	14026	36256	38.69
27	WhiteOak Capital	4374	9650	14024	16222	86.45
28	JM Financial	3125	6717	9842	13765	71.50
29	Bajaj Finserv	2387	7339	9726	18834	51.64
30	Bank of India	4393	4704	9097	11853	76.75
31	360 One Asset	1501	6497	7998	11687	68.44
32	Navi	3277	2804	6081	7193	84.54
33	NJ	1728	3897	5625	6751	83.32
34	Helios	445	2351	2796	3292	84.93
35	Samco	1022	1679	2701	2958	91.31
36	Quantum	1141	946	2087	2593	80.49
37	Trust	204	1083	1287	2324	30.64
38	Groww	838	215	1053	1461	72.07
39	Zerodha	675	330	1005	4162	24.15
40	Taurus	785	114	899	933	96.36
41	Old Bridge	143	569	712	1060	67.17
42	Shriram	231	320	551	1036	53.19

Retail AUM

HDFC MF is the leader in the segment with retail AUM of Rs. 2.24 lakh crore. SBI MF is second in this space with retail assets of Rs. 2.06 lakh crore. ICICI Prudential MF is third with retail assets amounting to Rs. 1.81 lakh crore.

Overall, the retail investors contribute Rs. 18.93 lakh crore to the MF industry, which is 28% of the total industry’s assets.

This table shows the retail AUM of each fund house.

Sr. No.	Fund House	Retail AUM
1	HDFC	224452
2	SBI	206342
3	ICICI Prudential	181036
4	Nippon India	177506
5	Axis	125219
6	Aditya Birla Sun Life	100584
7	UTI	98390
8	Kotak	92401
9	Mirae Asset	88791
10	DSP	68427
11	Franklin Templeton	58202
12	Canara Robeco	55494
13	Tata	53264
14	Quant	51263
15	PPFAS	47579
16	HSBC	46069
17	Motilal Oswal	37641
18	Bandhan	30948
19	Sundaram	30407
20	Invesco	26569
21	Edelweiss	16868
22	PGIM India	13380
23	Baroda BNP Paribas	11148
24	Mahindra Manulife	10387
25	LIC	7926
26	Union	6436
27	Bank of India	4393
28	WhiteOak Capital	4374
29	Navi	3277
30	JM Financial	3125
31	Bajaj Finserv	2387
32	NJ	1728
33	360 One Asset	1501
34	Quantum	1141
35	Samco	1022
36	Groww	838
37	Taurus	785
38	Zerodha	675
39	Helios	445
40	Shriram	231
41	Trust	204
42	Old Bridge	143

HNI AUM

In terms of HNI assets, ICICI Prudential MF tops the list with HNI assets of Rs. 3.64 lakh crore.

HDFC MF is the second with assets of Rs. 3.35 lakh crore coming from HNIs. SBI MF occupies the third spot with HNI assets of Rs. 3.32 lakh crore.

Overall, the HNI assets account for 34% of the total MF industry AUM or Rs.27.60 lakh crore.

Let’s look at the HNI AUM of each fund house.

Sr. No.	Fund House	HNI AUM
1	ICICI Prudential	364053
2	HDFC	335486
3	SBI	331986
4	Kotak	197622
5	Nippon India	169225
6	Aditya Birla Sun Life	96747
7	Axis	91441
8	DSP	66769
9	Mirae Asset	65254
10	UTI	61072
11	Bandhan	60992
12	Tata	54641
13	Edelweiss	46220
14	Franklin Templeton	44762
15	HSBC	43370
16	PPFAS	42537
17	Canara Robeco	42051
18	Quant	38489
19	Motilal Oswal	36906
20	Invesco	36655
21	Sundaram	24763
22	Baroda BNP Paribas	17174
23	Mahindra Manulife	14856
24	PGIM India	10010
25	WhiteOak Capital	9650
26	Union	7665
27	Bajaj Finserv	7339
28	JM Financial	6717
29	360 One Asset	6497
30	LIC	6100
31	Bank of India	4704
32	NJ	3897
33	Navi	2804
34	Helios	2351
35	Samco	1679
36	Trust	1083
37	Quantum	946
38	Old Bridge	569
39	Zerodha	330
40	Shriram	320
41	Groww	215
42	Taurus	114

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