Which fund houses are the equity champions?

Cafemutual’s analysis of MF industry data shows that SBI MF, ICICI Prudential MF and HDFC MF command the highest equity AUM in December 2024.

The largest fund house of the country, SBI MF, is the leader in this segment with an equity AUM of Rs. 8.46 lakh crore. The fund house derives 76% of the total assets from equity funds in December 2024.  

ICICI Prudential MF is the second with equity contributing Rs. 6.13 lakh crore or 69% to its total AUM kitty. HDFC MF occupies the third spot with equity AUM of Rs. 5.44 lakh crore. The fund house sees 68% of its assets coming from equity funds.

Following them is Nippon India MF at the fourth spot with an equity AUM of Rs. 4.06 lakh crore. Kotak MF rounds off the top five in the ranking with equity contributing Rs. 3.17 lakh crore to its total AUM. Equity schemes contribute 70% and 64% of their total AUM, respectively.

Other fund houses with healthy equity AUM are UTI MF, Axis MF, Aditya Birla Sun Life MF, Mirae Asset MF and DSP MF.

In terms of proportion of assets to the total AUM, Old Bridge MF and Taurus MF have the highest share of equity in their AUM at 100% as they don’t have debt funds. Samco MF and NJ MF come the next with equity contributing 98% and 97% to their total AUM, respectively.

Other fund houses with a highest share of equity in their AUM include White Oak MF, Helios MF, Quant MF, PPFAS MF, Canara Robeco MF and Mahindra Manulife MF.

Overall, the equity-oriented schemes contribute Rs. 47.97 lakh crore, about 70% of the total MF industry AUM.

Out of the 42 fund houses, 23 fund houses derive more than 70% of their assets from equity funds.

Ranking - Equity assets

Pure equity AUM

SBI MF is on top with pure equity funds contributing Rs. 3.93 lakh crore to its AUM. HDFC MF is second in the ranking with Rs. 3.72 lakh crore of its total assets coming from these schemes. Not so far behind is ICICI Prudential MF with pure equity AUM Rs. 3.52 lakh crore.

Nippon India MF and Kotak MF have also recorded healthy AUM from these schemes of Rs. 2.67 lakh crore and Rs. 2.64 lakh crore, respectively.  

Other fund houses include Axis MF, Aditya Birla Sun Life MF, Mirae Asset MF, DSP MF and UTI MF.

Ranking – Pure equity fund AUM

Equity oriented hybrid funds

When it comes to AUM from equity-oriented hybrid funds, i.e. aggressive hybrid funds, equity savings funds, multi-asset allocation funds and balanced advantage funds, ICICI Prudential MF is the leader with AUM of Rs. 1.65 lakh crore.

HDFC MF is the next with Rs. 1.30 lakh crore of its AUM coming from equity-oriented hybrid funds. SBI MF rounds off the top three with equity-oriented hybrid funds contributing Rs. 1.12 lakh crore to the fund house’s assets.

Kotak MF and Aditya Birla Sun Life MF are the next two fund houses with equity hybrid AUM of Rs. 40,000 crore and Rs. 19,500 crore, respectively.

Other fund houses which have recorded healthy AUM from equity-oriented hybrid funds include Nippon India MF, DSP MF, Tata MF, UTI MF and Mirae Asset MF, respectively.

Ranking – Equity oriented hybrid fund AUM

Equity passive AUM

In terms of AUM of equity index funds and ETFs, SBI MF is the leader with Rs. 3.41 lakh crore of its assets from these schemes.

UTI MF is second in the segment with equity passives contributing Rs. 1.27 lakh crore to its AUM. Nippon India MF has recorded Rs. 1.21 lakh crore from equity passives to become the third largest in the ranking.

ICICI Prudential MF and HDFC MF complete the top five with Rs. 95,800 crore and Rs. 41,900 crore AUM coming from equity passive schemes, respectively.

Other fund houses with healthy AUM from equity passive schemes include Motilal Oswal MF, Kotak MF, Aditya Birla Sun Life MF, Mirae Asset MF and DSP MF, respectively.

Ranking – Equity passives