MF News Which fund houses command the highest folios in FY 2025?

Which fund houses command the highest folios in FY 2025?

MF industry has added close to 5.50 crore folios in FY25.

Kushan Shah May 12, 2025

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Our analysis of the industry data shows that the mutual fund industry has added about 5.5 crore folios in FY25. The industry has recorded a good 31% growth in its folio count from 17.75 crore in March 2024 to 23.24 crore in March 2025.

Nippon India MF, ICICI Prudential MF and HDFC MF are the top three fund houses in terms of folio count in FY25.

Nippon India MF has the highest folio count in the industry of 3.25 crore.

While ICICI Pru MF has emerged as the second biggest fund house based on folio count with 2.58 crore folios, HDFC MF is the third with 2.33 crore folios.

SBI MF and UTI MF are the next two with folio count of 1.91 crore and 1.33 crore folios, respectively.

The list of top 10 AMCs with the highest folio count includes Axis MF, Aditya Birla Sun Life MF, Kotak MF, Motilal Oswal MF and DSP MF.

These ten AMCs account for over 70% of the folio count of the entire industry with the rest of the 35 fund houses contributing close to 30% of the industry’s folios.

Here is the ranking based on folio count:

Sr. No.	Fund House	Folio Count (March 2025)
1	Nippon India	3,24,94,149
2	ICICI Pru	2,57,85,982
3	HDFC	2,32,63,902
4	SBI	1,91,02,108
5	UTI	1,33,45,454
6	Axis	1,29,08,038
7	Aditya Birla Sun Life	1,06,13,377
8	Kotak	99,18,895
9	Motilal Oswal	93,58,233
10	DSP	91,60,464
11	Quant	87,17,936
12	Tata	79,47,191
13	Mirae Asset	71,41,291
14	Canara Robeco	50,16,210
15	PPFAS	49,05,542
16	Franklin Templeton	37,07,158
17	Bandhan	35,20,026
18	Navi	28,65,784
19	Edelweiss	25,54,536
20	HSBC	24,92,242
21	Invesco	23,92,730
22	Sundaram	22,61,571
23	Baroda BNP Paribas	14,29,084
24	Mahindra Manulife	14,06,485
25	PGIM India	12,51,091
26	LIC	12,02,306
27	Groww	11,37,857
28	JM Financial	9,03,263
29	WhiteOak Capital	8,66,881
30	Union	7,68,087
31	Bank of India	7,43,389
32	Bajaj Finserv	6,92,727
33	Zerodha	6,59,133
34	NJ	4,24,883
35	ITI	4,17,304
36	360 One Asset	2,05,182
37	Samco	1,93,277
38	Quantum	1,81,656
39	Taurus	1,37,374
40	Helios	97,015
41	Shriram	68,144
42	Trust	67,623
43	Angel One	33,513
44	Old Bridge	24,725
45	Unifi	1,877

AMC folio growth in FY25

If we look at the growth of folio count of AMCs in FY25, Nippon India MF is again the leader with an increase of 81.8 lakh folios during this period.

HDFC MF is second on the list with addition of 66.9 lakh folios while Motilal Oswal has added 64 lakh new folios last financial year.

ICICI Pru MF and SBI MF secure the next two spots in the list with increase of 58.6 lakh and 44.7 lakh folios, respectively.

Other AMCs with healthy increase in folio couint in FY25 include Tata MF, Quant MF, Kotak MF, Aditya Birla Sun Life MF and PPFAS MF.

In percentage terms, Trust MF has seen a highly impressive 3241% growth in its folio count, thereby increasing its number of folios by 32x. Old Bridge MF and JM Financial MF are next with 243% and 242% growth in their folios. Zerodha MF, Motilal Oswal MF and Bajaj Finserv MF have also seen growth of 200% increase in their folio count.

Let us look at the table to know more:

Sr. No.	Fund House	Folio Count (March 2025)	Folio Count (March 2024)	Growth	Growth (%)
1	Nippon India	3,24,94,149	2,43,15,677	81,78,472	33.63
2	HDFC	2,32,63,902	1,65,77,510	66,86,392	40.33
3	Motilal Oswal	93,58,233	29,62,091	63,96,142	215.93
4	ICICI Pru	2,57,85,982	1,99,29,228	58,56,754	29.39
5	SBI	1,91,02,108	1,46,29,833	44,72,275	30.57
6	Tata	79,47,191	53,70,084	25,77,107	47.99
7	Quant	87,17,936	63,36,595	23,81,341	37.58
8	Kotak	99,18,895	78,03,936	21,14,959	27.10
9	Aditya Birla Sun Life	1,06,13,377	85,94,516	20,18,861	23.49
10	PPFAS	49,05,542	33,75,286	15,30,256	45.34
11	Bandhan	35,20,026	22,41,301	12,78,725	57.05
12	Edelweiss	25,54,536	15,53,461	10,01,075	64.44
13	DSP	91,60,464	81,65,355	9,95,109	12.19
14	UTI	1,33,45,454	1,23,80,687	9,64,767	7.79
15	Mirae Asset	71,41,291	61,99,070	9,42,221	15.20
16	Invesco	23,92,730	16,09,613	7,83,117	48.65
17	Groww	11,37,857	4,29,363	7,08,494	165.01
18	JM Financial	9,03,263	2,63,791	6,39,472	242.42
19	Franklin Templeton	37,07,158	30,87,955	6,19,203	20.05
20	Mahindra Manulife	14,06,485	9,12,891	4,93,594	54.07
21	Bajaj Finserv	6,92,727	2,29,329	4,63,398	202.07
22	Axis	1,29,08,038	1,24,45,155	4,62,883	3.72
23	Zerodha	6,59,133	1,96,385	4,62,748	235.63
24	WhiteOak Capital	8,66,881	4,41,420	4,25,461	96.38
25	LIC	12,02,306	8,24,701	3,77,605	45.79
26	HSBC	24,92,242	21,39,406	3,52,836	16.49
27	Canara Robeco	50,16,210	47,07,694	3,08,516	6.55
28	Bank of India	7,43,389	4,42,368	3,01,021	68.05
29	Baroda BNP Paribas	14,29,084	11,72,764	2,56,320	21.86
30	ITI	4,17,304	2,45,060	1,72,244	70.29
31	Union	7,68,087	6,15,308	1,52,779	24.83
32	NJ	4,24,883	2,72,540	1,52,343	55.90
33	Navi	28,65,784	27,37,910	1,27,874	4.67
34	Trust	67,623	2,024	65,599	3241.06
35	Helios	97,015	32,413	64,602	199.31
36	Samco	1,93,277	1,38,960	54,317	39.09
37	Quantum	1,81,656	1,30,283	51,373	39.43
38	Shriram	68,144	27,448	40,696	148.27
39	360 One Asset	2,05,182	1,65,417	39,765	24.04
40	Angel One	33,513	0	33,513	100.00
41	Taurus	1,37,374	1,19,593	17,781	14.87
42	Old Bridge	24,725	7,212	17,513	242.83
43	Unifi	1,877	0	1,877	100.00
44	PGIM India	12,51,091	13,23,738	-72,647	-5.49
45	Sundaram	22,61,571	23,58,136	-96,565	-4.09

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