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A detailed analysis of AUM data done by Cafemutual shows that the SBI MF, ICICI Prudential MF and HDFC MF command the highest debt AUM in March 2025.
Debt funds include pure debt funds, conservative hybrid funds and passively managed debt funds like constant maturity index/ETFs or target maturity index/ETFs.
SBI MF leads the ranking table with debt AUM of Rs.2.54 lakh crore in March 2025. The fund house derives 24% of its total assets from debt funds.
Not so far behind is ICICI Prudential MF with debt AUM of Rs. 2.51 lakh crore as on March 2025, constituting 29% of its total assets.
HDFC MF occupies the third spot with debt AUM of Rs. 2.36 lakh crore. The fund house derives 31% of its total assets from debt funds, the highest among the top three.
Aditya Birla MF, with an AUM of Rs. 2.03 lakh crore, is in the club of fund houses that have debt AUMs above Rs. 2 lakh crore.
Overall, Indian mutual fund industry has the total debt assets of of Rs. 19.80 lakh crore, which constitutes 30% of the total assets of Rs.67 lakh crore. .
Here are other key highlights of our analysis;
- Among the top five fund houses, Aditya Birla Sun Life MF has the highest percentage of its total AUM from the debt funds. The fund house has 54% of its total AUM under debt funds
- Pure debt AUM (other than passive funds and hybrid funds) of the industry stands at Rs. 17.32 lakh crore as of March 2025
- While the passive debt funds have an AUM of Rs. 2.01 lakh crore, the hybrid debt funds have assets of Rs. 47,000 crore
- In terms of pure debt AUM, ICICI Pru MF, HDFC MF and SBI MF are the top three players
- ICICI Pru has assets of of Rs. 2.35 lakh crore in pure debt funds while HDFC MF and SBI MF have pure debt AUM of Rs. 2.28 lakh crore and Rs. 2.18 lakh crore, respectively
- Edelweiss MF emerges as the top player in terms of passive debt AUM. The fund house manages passive debt AUM of Rs. 70413 crore, followed by Aditya Birla Sun Life MF with assets of Rs. 22,000 crore
- SBI MF has the highest AUM under the debt hybrid funds which is followed by UTI MF. SBI MF and UTI MF have assets of Rs. 17602 crore and Rs. 10498 crore, respectively in their hybrid debt funds
Here is the table on AMC ranking based on debt assets:
|
Sr. No. |
Fund House |
Pure Debt |
Debt Passives |
Debt Hybrids |
Total Debt AUM |
Total AUM |
Debt AUM % |
|
1 |
SBI |
218990 |
18241 |
17602 |
254833 |
1061990 |
24.00 |
|
2 |
ICICI Pru |
235117 |
16125 |
76 |
251319 |
874334 |
28.74 |
|
3 |
HDFC |
228730 |
4651 |
3429 |
236809 |
762539 |
31.06 |
|
4 |
Aditya Birla Sun Life |
181604 |
21928 |
71 |
203604 |
378506 |
53.79 |
|
5 |
Kotak |
153068 |
11194 |
2994 |
167256 |
477737 |
35.01 |
|
6 |
Nippon India |
119378 |
20286 |
0 |
139664 |
556530 |
25.10 |
|
7 |
Axis |
112246 |
4940 |
330 |
117517 |
314489 |
37.37 |
|
8 |
Bandhan |
81655 |
13482 |
114 |
95251 |
164640 |
57.85 |
|
9 |
UTI |
75894 |
685 |
10498 |
87077 |
338362 |
25.73 |
|
10 |
Edelweiss |
8682 |
70413 |
1559 |
80654 |
142796 |
56.48 |
|
11 |
Tata |
73803 |
2087 |
170 |
76060 |
186009 |
40.89 |
|
12 |
DSP |
48773 |
5861 |
0 |
54633 |
183223 |
29.82 |
|
13 |
HSBC |
43049 |
2084 |
146 |
45279 |
119065 |
38.03 |
|
14 |
Invesco |
28627 |
120 |
0 |
28747 |
104173 |
27.60 |
|
15 |
Mirae Asset |
19106 |
2111 |
0 |
21217 |
182680 |
11.61 |
|
16 |
LIC |
16620 |
2464 |
50 |
19134 |
36054 |
53.07 |
|
17 |
Baroda BNP Paribas |
16766 |
148 |
732 |
17646 |
45003 |
39.21 |
|
18 |
Sundaram |
12748 |
0 |
27 |
12775 |
64746 |
19.73 |
|
19 |
JM Financial |
8974 |
0 |
0 |
8974 |
13596 |
66.00 |
|
20 |
Canara Robeco |
8050 |
0 |
922 |
8972 |
101895 |
8.81 |
|
21 |
Bajaj Finserv |
8360 |
451 |
0 |
8811 |
20821 |
42.32 |
|
22 |
Franklin Templeton |
8367 |
0 |
198 |
8564 |
106246 |
8.06 |
|
23 |
PPFAS |
2488 |
0 |
4138 |
6626 |
103462 |
6.40 |
|
24 |
Union |
6068 |
0 |
0 |
6068 |
19700 |
30.80 |
|
25 |
Quant |
1994 |
0 |
3105 |
5098 |
86016 |
5.93 |
|
26 |
Zerodha |
0 |
4033 |
0 |
4033 |
5310 |
75.95 |
|
27 |
Mahindra Manulife |
2625 |
0 |
551 |
3176 |
27090 |
11.72 |
|
28 |
Bank of India |
2370 |
0 |
65 |
2435 |
11351 |
21.45 |
|
29 |
360 One Asset |
1747 |
0 |
0 |
1747 |
11231 |
15.55 |
|
30 |
Motilal Oswal |
1487 |
101 |
91 |
1678 |
91740 |
1.83 |
|
31 |
PGIM India |
1139 |
27 |
0 |
1165 |
23450 |
4.97 |
|
32 |
Trust |
1073 |
0 |
0 |
1073 |
2753 |
38.98 |
|
33 |
WhiteOak Capital |
761 |
0 |
0 |
761 |
17093 |
4.45 |
|
34 |
Quantum |
672 |
0 |
0 |
672 |
2595 |
25.88 |
|
35 |
ITI |
381 |
0 |
0 |
381 |
9014 |
4.23 |
|
36 |
Groww |
302 |
62 |
0 |
365 |
1594 |
22.87 |
|
37 |
Shriram |
288 |
27 |
0 |
315 |
917 |
34.34 |
|
38 |
NJ |
206 |
0 |
0 |
206 |
6326 |
3.26 |
|
39 |
Helios |
157 |
0 |
0 |
157 |
3507 |
4.47 |
|
40 |
Navi |
74 |
0 |
0 |
74 |
7126 |
1.04 |
|
41 |
Samco |
60 |
0 |
0 |
60 |
2754 |
2.19 |
|
42 |
Taurus |
0 |
0 |
0 |
0 |
852 |
0.00 |
|
43 |
Old Bridge |
0 |
0 |
0 |
0 |
1258 |
0.00 |
|
44 |
Unifi |
|
|
|
0 |
320 |
0.00 |
|
45 |
Angel One |
|
|
|
0 |
|
|
|
Overall AUM |
1732500 |
201519 |
46869 |
1980887 |
6670893 |
29.69 |
|
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