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  • MF News Which fund houses are doing well in the top 30 cities?

    Which fund houses are doing well in the top 30 cities?

    SBI MF, ICICI Pru MF and HDFC MF have the highest AUM from T30 cities.
    Kushan Shah Jan 23, 2025

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    An analysis of MF AUM data done by Cafemutual shows that SBI MF, ICICI Prudential MF and HDFC MF are the top three fund houses in terms of T30 AUM in December 2024.

    SBI MF has the highest AUM coming from the top 30 cities at Rs. 8.60 lakh crore. The fund house derives 77% of its total assets from the T30 cities.

    ICICI Prudential MF occupies the second spot with a T30 AUM of Rs. 7.40 lakh crore. The fund house has seen 84% of its total assets coming from T30 cities.

    HDFC MF takes the third position with T30 AUM of Rs. 6.43 lakh crore. 81% of its total assets has come from the T30 cities.

    Nippon India MF and Kotak MF are the next two fund houses with T30 AUM of Rs. 4.60 lakh crore and Rs. 4.34 lakh crore, respectively. While Nippon India derives 80% of its assets from top cities, such a proportion is 88% for Kotak MF.

    Other fund houses with a healthy T30 AUM are  Aditya Birla Sun Life MF, UTI MF, Axis MF, Mirae Asset MF and DSP MF.

    In terms of proportion of T30 assets with respect to total AUM, Edelweiss MF commands the highest share of its assets coming from the top 30 cities at 94%. Helios MF is second with 93% of its AUM coming from the T30 cities. Zerodha MF rounds off the top three with 92% share of T30 cities in its assets.

    Other fund houses who have a higher proportion of T30 assets with respect to the total AUM include Old Bridge MF, Trust MF, 360 One Asset MF, Bandhan MF, Invesco MF, Kotak MF and Taurus MF.

    Overall, the T30 cities contribute Rs. 56.41 lakh crore to the MF industry AUM. This forms over 81% of the total industry assets, which stands at Rs. 69.22 lakh crore in December 2024.

    Let us look at the table to know more about T30 ranking:

    Sr. No.

    Fund House

    T30 AUM

    Total AUM

    T30 AUM (%)

    1

    SBI

    859953

    1114610

    77.15

    2

    ICICI Pru

    740300

    882858

    83.85

    3

    HDFC

    643359

    797153

    80.71

    4

    Nippon India

    459535

    577626

    79.56

    5

    Kotak

    434047

    495858

    87.53

    6

    Aditya Birla Sun Life

    314075

    383043

    81.99

    7

    UTI

    283722

    354448

    80.05

    8

    Axis

    263092

    329126

    79.94

    9

    Mirae Asset

    165327

    196632

    84.08

    10

    DSP

    164657

    194891

    84.49

    11

    Tata

    157004

    190439

    82.44

    12

    Bandhan

    152498

    171835

    88.75

    13

    Edelweiss

    134195

    143510

    93.51

    14

    HSBC

    112748

    132072

    85.37

    15

    Invesco

    97056

    109582

    88.57

    16

    Franklin Templeton

    91065

    114436

    79.58

    17

    Canara Robeco

    83673

    109799

    76.21

    18

    PPFAS

    76154

    98950

    76.96

    19

    Motilal Oswal

    74233

    94527

    78.53

    20

    Quant

    68017

    96628

    70.39

    21

    Sundaram

    55312

    69400

    79.70

    22

    Baroda BNP Paribas

    36895

    46539

    79.28

    23

    LIC

    29630

    36256

    81.72

    24

    Mahindra Manulife

    21821

    28970

    75.32

    25

    PGIM India

    20558

    26196

    78.48

    26

    Bajaj Finserv

    16095

    18834

    85.46

    27

    Union

    14406

    20210

    71.28

    28

    WhiteOak Capital

    12848

    16222

    79.20

    29

    JM Financial

    12008

    13765

    87.24

    30

    360 One Asset

    10631

    11687

    90.96

    31

    Bank of India

    8914

    11853

    75.20

    32

    Navi

    5397

    7193

    75.03

    33

    NJ

    5057

    6751

    74.91

    34

    Zerodha

    3834

    4162

    92.12

    35

    Helios

    3061

    3292

    92.98

    36

    Quantum

    2248

    2593

    86.69

    37

    Samco

    2178

    2958

    73.63

    38

    Trust

    2132

    2324

    91.74

    39

    Groww

    981

    1461

    67.15

    40

    Old Bridge

    974

    1060

    91.89

    41

    Shriram

    876

    1036

    84.56

    42

    Taurus

    816

    933

    87.46

    Have a query or a doubt?
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    1 Comment
    Anupam Saxena · 2 weeks ago `
    Not a great way of showing data , story should have been , which amc has maximum aum from B30 to prove reach of mf industry.
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