Listen to this article
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 |