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  • MF News The MF industry receives over 18,000 complaints in FY25

    The MF industry receives over 18,000 complaints in FY25

    HDFC MF, ICICI Pru MF and SBI MF have recorded the highest number of complaints last financial year.
    Kushan Shah Jun 5, 2025

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    Latest AMFI data shows that the mutual fund industry received 18,264 complaints from investors in FY25. The bigger fund houses received a higher number of complaints with HDFC MF, ICICI Pru MF and SBI MF recording a higher number of complaints.

    Investor complaints include complaints about delay in allotment of units, data correction in investor details, non-updation of change in address, PAN, bank details, interest on delayed payment of redemption, non-receipt of dividend etc.

    While HDFC MF received 2,041 complaints from investors during this period, ICICI Pru MF is second in the ranking with 1,486 complaints. SBI MF is third on the list with 1,339 complaints.

    Nippon India MF, Mirae Asset MF and Axis MF have also recorded over 1,000 complaints from investors in the recently concluded financial year. These fund houses have received 1,310, 1,090 and 1,032 complaints, respectively.

    Other fund houses which have received large number of complaints include Quant MF, Kotak MF, Motilal Oswal MF and Franklin Templeton MF.

    Overall, the MF industry has 23.24 crore folios as of March 2025, making the number of complaints about 0.008% of the total folios.

    Here is the number of complaints recorded by each fund house in FY25:

    Fund House

    Investor Complaints (FY25)

    HDFC

    2041

    ICICI Pru

    1486

    SBI

    1339

    Nippon India

    1310

    Mirae Asset

    1090

    Axis

    1032

    Quant

    922

    Kotak

    919

    Motilal Oswal

    837

    Franklin Templeton

    809

    HSBC

    645

    Aditya Birla Sun Life

    611

    LIC

    610

    Edelweiss

    591

    Sundaram

    509

    Navi

    464

    Bajaj Finserv

    440

    Tata

    415

    Baroda BNP Paribas

    330

    Mahindra Manulife

    309

    Canara Robeco

    257

    PPFAS

    234

    Union

    205

    PGIM India

    125

    Zerodha

    113

    Invesco

    112

    JM Financial

    105

    Bank of India

    74

    DSP

    62

    NJ

    51

    UTI

    50

    Bandhan

    46

    360 One Asset

    32

    Helios

    21

    Quantum

    16

    Trust

    12

    Taurus

    9

    WhiteOak Capital

    8

    ITI

    6

    Angel One

    5

    Groww

    5

    Old Bridge

    2

    Samco

    2

    Shriram

    2

    Unifi

    1

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