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SBI, Nippon India and UTI are the top three fund houses in terms of passives AUM, shows an analysis done by Cafemutual on December 2023 AUM.
The analysis shows that while UTI MF has the highest AUM in index funds, SBI MF takes the lead in ETFs.
Index funds
UTI MF occupies the top spot in the index category with an AUM of Rs.22,200 crore. Aditya Birla Sun Life MF and ICICI Prudential MF respectively manage assets of Rs.20,800 crore and Rs.19,500 crore to occupy the next two spots. Nippon MF and Bandhan MF manage the fourth and fifth highest asset base of Rs.16,200 crore and Rs.16,000 crore, respectively.
Overall, the top 30 fund houses manage assets of Rs 1.65 lakh crore through index funds. Of these, top 7 fund houses manage assets of over Rs 1.24 lakh crore.
|
Sno |
Fund house |
Total Index AUM (cr) |
|
1 |
UTI |
22,221 |
|
2 |
Aditya Birla Sun Life |
20,822 |
|
3 |
ICICI Prudential |
19,541 |
|
4 |
Nippon India |
16,166 |
|
5 |
Bandhan |
16,033 |
|
6 |
Edelweiss |
15,876 |
|
7 |
SBI |
14,338 |
|
8 |
Kotak |
9,621 |
|
9 |
Motilal Oswal |
7,571 |
|
10 |
HDFC |
5,627 |
ETFs
SBI MF has the largest asset base of Rs.2.90 lakh crore. Notably, SBI MF leads by a huge margin.
Nippon India MF, UTI MF, Edelweiss MF and ICICI Prudential MF have the next largest asset base. Their AUM stands at Rs.98,600 crore, Rs.88,300 crore, Rs.59,000 crore and Rs.47,200 crore, respectively.
Of the top 30 fund houses, 17 fund houses are present in the ETF segment with an asset base of Rs 6.41 lakh crore in December 2023.
|
Sno |
Fund house |
Total ETFs AUM (cr) |
|
1 |
SBI |
2,89,773 |
|
2 |
Nippon India |
98,626 |
|
3 |
UTI |
88,334 |
|
4 |
Edelweiss |
59,053 |
|
5 |
ICICI Prudential |
47,166 |
|
6 |
Kotak |
11,809 |
|
7 |
HDFC |
10,829 |
|
8 |
Motilal Oswal |
7,466 |
|
9 |
Aditya Birla Sun Life |
6,478 |
|
10 |
Mirae Asset |
6,251 |
Total Passives
SBI MF takes a lead by a huge margin in the overall passives market too. It manages Rs.3.04 lakh crore of passives assets. Following the top player is Nippon MF and UTI MF which manage Rs 1.14 lakh crore and Rs 1.10 lakh crore, respectively. These are the only three players to have assets of over Rs. 1 lakh crore.
Edelweiss MF, ICICI Prudential MF and Aditya Birla Sun Life MF are the next top three players with individual assets of Rs.74,900 crore, Rs.66,700 crore and Rs.27,300 crore, respectively.
In total, of the top 30 fund houses, 22 fund houses manage assets of Rs.8.07 lakh crore.
Let us look at the table to know more about the passives assets of top 22 fund houses based on passives AUM.
|
Sno |
Fund house |
Total Passives |
Total Index |
Gold |
Other ETFs |
Total ETFs |
|
1 |
SBI |
3,04,111 |
14,338 |
3,504 |
2,86,269 |
2,89,773 |
|
2 |
Nippon India |
1,14,793 |
16,166 |
8,594 |
90,032 |
98,626 |
|
3 |
UTI |
1,10,555 |
22,221 |
718 |
87,616 |
88,334 |
|
4 |
Edelweiss |
74,928 |
15,876 |
49 |
59,004 |
59,053 |
|
5 |
ICICI Prudential |
66,707 |
19,541 |
4,570 |
42,596 |
47,166 |
|
6 |
Aditya Birla Sun Life |
27,300 |
20,822 |
675 |
5,803 |
6,478 |
|
7 |
Kotak |
21,429 |
9,621 |
3,274 |
8,535 |
11,809 |
|
8 |
HDFC |
16,446 |
5,627 |
4,057 |
6,772 |
10,829 |
|
9 |
Bandhan |
16,056 |
16,033 |
0 |
22 |
0 |
|
10 |
Motilal Oswal |
15,037 |
7,571 |
0 |
7,466 |
7,466 |
|
11 |
Axis |
8,304 |
4,862 |
794 |
2,649 |
3,442 |
|
12 |
Mirae Asset |
7,396 |
1,146 |
32 |
6,218 |
6,251 |
|
13 |
DSP |
6,698 |
4,649 |
234 |
1,816 |
2,050 |
|
15 |
Tata |
3,913 |
3,263 |
0 |
650 |
650 |
|
16 |
LIC |
3,865 |
413 |
112 |
3,340 |
3,452 |
|
17 |
HSBC |
2,689 |
2,689 |
0 |
0 |
0 |
|
18 |
Franklin Templeton |
607 |
607 |
0 |
0 |
0 |
|
19 |
Invesco |
281 |
105 |
98 |
77 |
175 |
|
20 |
Sundaram |
69 |
0 |
0 |
0 |
0 |
|
21 |
360 One |
53 |
53 |
0 |
0 |
0 |
|
22 |
PGIM India |
31 |
31 |
0 |
0 |
0 |
