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A detailed analysis of AUM data done by Cafemutual reveals that SBI MF, ICICI Prudential MF and HDFC MF are the top three fund houses in terms of equity assets as of March 2025.
Equity AUM of the fund houses include pure equity funds, passive equity funds like equity index/ETFs and hybrid equity funds like aggressive hybrid funds, balanced advantage funds, arbitrage funds and solution-oriented funds.
SBI MF leads the pack with the highest equity AUM of close to Rs.8 lakh crore. The fund house derives 75% of its total AUM from equity funds.
ICICI Prudential MF occupies the second spot with equity AUM of Rs. 6.10 lakh crore while HDFC MF has the third highest equity AUM of Rs. 4.96 lakh crore. Both the fund houses receive over 65% of their business from equity-oriented schemes.
Interestingly, the top three fund houses (SBI MF, ICICI Pru MF and HDFC MF) constitute 42% of the total equity AUM of the MF industry. These fund houses have a combined AUM of Rs. 19 lakh crore in March 2025.
Nippon India MF and Kotak MF are the next two fund houses on the list with equity AUM of Rs.3.77 lakh crore and Rs.2.98 lakh crore, respectively.
Among other fund houses in the top 10 list are UTI, Axis, Aditya Birla Sun Life, Mirae and DSP.
Overall, the MF industry manages equity AUM of Rs. 45.45 lakh crore across all categories of equity-oriented schemes including passive funds.
Here are the other key highlights of the analysis:
- A major portion of the total equity assets lies with actively managed pure equity funds. These funds constitute 64% of the total equity AUM
- On the other hand, 17% of the total equity AUM has come from passive funds and 19% from hybrid funds
- SBI MF, ICICI Pru MF and HDFC MF are the front runners in pure equity segment
- SBI MF also leads the list of passive equity AUM with Rs. 3.10 lakh crore
- UTI MF has the second highest AUM of Rs. 1.18 lakh crore under passive equity funds while Nippon Indian MF holds the third position with assets of Rs. 1.11 lakh crore
- ICICI Pru MF is the biggest player in hybrid equity AUM
- ICICI Pru has assets of Rs. 1.81 lakh crore in equity focused hybrid funds and is followed by SBI MF with equity hybrid assets of Rs. 1.42 lakh crore
|
Fund House |
Pure Equity |
Equity Passives |
Equity Hybrids + Solution Oriented Funds + Arbitrage Funds |
Total Equity AUM |
Total AUM |
Equity AUM % |
|
1 |
SBI |
346858 |
309806 |
142270 |
798934 |
1061990 |
75.23 |
|
2 |
ICICI Pru |
331277 |
98199 |
181169 |
610645 |
874334 |
69.84 |
|
3 |
HDFC |
319397 |
41584 |
135955 |
496937 |
762539 |
65.17 |
|
4 |
Nippon India |
231782 |
110958 |
34336 |
377077 |
556530 |
67.75 |
|
5 |
Kotak |
195982 |
12679 |
89935 |
298597 |
477737 |
62.5 |
|
6 |
UTI |
90285 |
118390 |
20268 |
228942 |
338362 |
67.66 |
|
7 |
Axis |
174776 |
5338 |
13202 |
193316 |
314489 |
61.47 |
|
8 |
Aditya Birla Sun Life |
127651 |
9015 |
37862 |
174528 |
378506 |
46.11 |
|
9 |
Mirae Asset |
133442 |
11955 |
14946 |
160344 |
182680 |
87.77 |
|
10 |
DSP |
94521 |
7803 |
22032 |
124356 |
183223 |
67.87 |
|
11 |
Tata |
71466 |
4250 |
34094 |
109811 |
186009 |
59.04 |
|
12 |
PPFAS |
95541 |
0 |
1294 |
96835 |
103462 |
93.59 |
|
13 |
Franklin Templeton |
89022 |
672 |
4631 |
94325 |
106246 |
88.78 |
|
14 |
Canara Robeco |
81379 |
0 |
11545 |
92923 |
101895 |
91.2 |
|
15 |
Motilal Oswal |
62281 |
25203 |
1651 |
89135 |
91740 |
97.16 |
|
16 |
Quant |
77790 |
0 |
3128 |
80918 |
86016 |
94.07 |
|
17 |
Invesco |
53026 |
85 |
21023 |
74134 |
104173 |
71.16 |
|
18 |
HSBC |
62682 |
418 |
10521 |
73621 |
119065 |
61.83 |
|
19 |
Bandhan |
52285 |
3850 |
12761 |
68896 |
164640 |
41.85 |
|
20 |
Edelweiss |
26628 |
1986 |
28199 |
56813 |
142796 |
39.79 |
|
21 |
Sundaram |
42250 |
0 |
9606 |
51856 |
64746 |
80.09 |
|
22 |
Baroda BNP Paribas |
19415 |
75 |
8537 |
28027 |
45003 |
62.28 |
|
23 |
Mahindra Manulife |
21418 |
0 |
2471 |
23889 |
27090 |
88.18 |
|
24 |
PGIM India |
19520 |
0 |
367 |
19887 |
23450 |
84.8 |
|
25 |
LIC |
11247 |
3304 |
2092 |
16644 |
36054 |
46.16 |
|
26 |
WhiteOak Capital |
12945 |
0 |
3386 |
16332 |
17093 |
95.55 |
|
27 |
Union |
10304 |
0 |
3211 |
13515 |
19700 |
68.6 |
|
28 |
Bajaj Finserv |
8374 |
393 |
3243 |
12010 |
20821 |
57.68 |
|
29 |
360 One Asset |
8571 |
76 |
827 |
9473 |
11231 |
84.35 |
|
30 |
JM Financial |
8770 |
0 |
204 |
8974 |
13596 |
66 |
|
31 |
Bank of India |
8415 |
0 |
501 |
8916 |
11351 |
78.55 |
|
32 |
ITI |
8211 |
0 |
421 |
8632 |
9014 |
95.77 |
|
33 |
NJ |
2165 |
0 |
3955 |
6120 |
6326 |
96.75 |
|
34 |
Navi |
577 |
4495 |
113 |
5185 |
7126 |
72.76 |
|
35 |
Helios |
3063 |
0 |
287 |
3351 |
3507 |
95.54 |
|
36 |
Samco |
1924 |
0 |
770 |
2693 |
2754 |
97.8 |
|
37 |
Trust |
1680 |
0 |
0 |
1680 |
2753 |
61.02 |
|
38 |
Quantum |
1545 |
62 |
32 |
1639 |
2595 |
63.14 |
|
39 |
Old Bridge |
1258 |
0 |
0 |
1258 |
1258 |
100.03 |
|
40 |
Groww |
332 |
777 |
44 |
1152 |
1594 |
72.28 |
|
41 |
Zerodha |
167 |
893 |
0 |
1060 |
5310 |
19.96 |
|
42 |
Taurus |
852 |
0 |
0 |
852 |
852 |
100.06 |
|
43 |
Shriram |
356 |
0 |
246 |
602 |
917 |
65.68 |
|
44 |
Unifi |
|
|
|
0 |
320 |
0 |
|
45 |
Angel One |
|
|
|
0 |
|
|
|
|
Overall AUM |
2911431 |
772270 |
861135 |
4544835 |
6670893 |
68.13 |
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