Passives SBI MF, Nippon India MF and UTI MF are the top passives players

SBI MF, Nippon India MF and UTI MF are the top passives players

While ICICI Pru MF is the top player in index category, SBI MF lead the ETF game.

Riddhima Bhatnagar Aug 21, 2024

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An analysis done by Cafemutual shows that SBI MF, Nippon India MF and UTI MF are the top three players in the passives space as of AAUM data of June 2024.

SBI MF has the highest passives AUM of Rs. 3.46 lakh crore. The fund house derives 34% of its total AUM from index funds and ETFs.

Nippon India MF and UTI MF are the next two fund houses with passives AUM of Rs. 1.52 lakh crore and Rs. 1.33 lakh crore.

ICICI Prudential MF and Edelweiss MF occupy the fourth and fifth spots with passives AUM of Rs. 1.01 lakh crore and Rs. 82,000 crore, respectively.

Other fund houses in the top 10 list with highest passives AUM include HDFC MF, Kotak MF, Aditya Birla Sun Life MF, Bandhan MF and Motilal Oswal MF.

Let us look at the data below to know more.

S.no	Fund house	Total Index AUM	Commodity ETFs	Other ETFs	Overseas FoF	Total passives AUM	Total AUM	% passives AUM
1	SBI	27,069	4,709	3,13,634	917	3,46,329	10,21,091	33.92
2	Nippon India	12,304	14,003	1,26,011	0	1,52,318	5,09,318	29.91
3	UTI	30,237	1,198	1,01,971	0	1,33,406	3,23,824	41.20
4	ICICI Prudential	31,637	7,497	62,101	215	1,01,450	7,72,920	13.13
5	Edelweiss	16,496	99	61,475	3936	82,006	1,35,688	60.44
6	HDFC	31,281	5,205	10,935	1,237	48,658	7,00,155	6.95
7	Kotak	13,102	4,632	10,559	4164	32,457	4,36,498	7.44
8	Aditya Birla Sun Life	20,374	1,175	5,985	1,188	28,722	3,61,847	7.94
9	Bandhan	19,893	0	26	482	20,401	1,47,395	13.84
10	Motilal Oswal	11,005	0	8,835	34	19,874	57,894	34.33
11	DSP	5,815	558	2,981	3037	12,391	1,66,085	7.46
12	Axis	6,012	1,030	3,119	1,926	12,087	2,97,193	4.07
13	Mirae Asset	1,190	304	8,640	407	10,541	1,77,401	5.94
14	LIC	477	129	4,908	0	5,514	32,824	16.80
15	Navi	3,391	0	7	1880	5,278	6,146	85.88
16	Tata	4,104	205	747	0	5,056	1,62,279	3.12
17	Franklin Templeton	684	0	0	3,545	4,229	99,966	4.23
18	HSBC	2,510	0	0	199	2,709	1,20,479	2.25
19	Zerodha	529	57	1,353	0	1,939	1,939	100.00
20	PGIM India	31	0	0	1586	1,617	24,710	6.54
21	Invesco	111	115	86	774	1,086	87,303	1.24
22	Baroda BNP Paribas	220	69	6	54	349	40,599	0.86
23	Bajaj Finserv	0	0	280	0	280	12,065	2.32
24	Quantum	0	207	56	0	263	2,400	10.96
25	Groww	250	0	0	0	250	831	30.08
26	Sundaram	0	0	0	116	116	60,314	0.19
27	360 ONE	68	0	0	0	68	10,946	0.62
28	Mahindra Manulife	0	0	0	21	21	24,279	0.09
29	Taurus	4	0	0	0	4	833	0.48

Index funds

Among index funds, ICICI Prudential MF has the highest AUM of Rs. 31,600 crore. HDFC MF is slightly behind ICICI Pru MF with AUM of Rs. 31,280 crore in index funds. UTI MF takes the 3rd spot with index AUM of Rs. 30,000 crore.

SBI MF and Aditya Birla MF occupy the next two spots with index AUM of Rs 27,000 crore and Rs 20,000 crore, respectively.

Other fund houses with index AUM of over Rs. 10,000 crore include Bandhan MF, Edelweiss MF, Kotak MF, Nippon India MF and Motilal Oswal MF.

Let us look at the table to know more.

S.no	Fund house	Equity Index	Debt Index	Total Index AUM
1	ICICI Prudential	19,052	12,585	31,637
2	HDFC	26,908	4,373	31,281
3	UTI	30,084	153	30,237
4	SBI	11,274	15,795	27,069
5	Aditya Birla Sun Life	1,724	18,650	20,374
6	Bandhan	5,072	14,821	19,893
7	Edelweiss	1025	15,471	16,496
8	Kotak	1,328	11,774	13,102
9	Nippon India	6,640	5,664	12,304
10	Motilal Oswal	11,005	0	11,005
11	Axis	3,110	2,902	6,012
12	DSP	3,092	2,723	5,815
13	Tata	1,870	2,234	4,104
14	Navi	3391	0	3,391
15	HSBC	388	2122	2,510
16	Mirae Asset	0	1190	1,190
17	Franklin Templeton	684	0	684
18	Zerodha	529	0	529
19	LIC	477	0	477
20	Groww	250	0	250
21	Baroda BNP Paribas	62	158	220
22	Invesco	0	111	111
23	360 ONE	68	0	68
24	PGIM India	0	31	31

ETFs

SBI MF has the highest AUM of Rs. 3.13 lakh crore in ETFs.

Nippon India MF and UTI MF occupy second and third spots with ETF AUM of Rs. 1.26 lakh crore and Rs. 1.01 lakh crore, respectively.

ICICI Prudential MF and Edelweiss MF held the next two spots with ETF AUM of Rs. 62,000 crore and Rs. 61,400 crore, respectively.

Other fund houses in the top 10 include HDFC MF, Kotak MF, Motilal Oswal MF, Mirae Asset MF, and Aditya Birla MF.

In terms of commodity ETFs (gold and silver), Nippon India MF has the highest AUM of Rs. 14,000 crore. ICICI Prudential MF and HDFC MF occupy the next two positions with commodity ETF AUM of Rs. 7,400 crore and Rs. 5,200 crore, respectively.

Let us look at the table to know more.

S.no	Fund house	Equity ETF	Debt ETF	Gold ETF	Silver ETF	Commodity ETFs	Other ETFs
1	SBI	3,10,659	2,975	4,709	0	4,709	3,13,634
2	Nippon India	99,422	26,070	11,065	2,938	14,003	1,26,011
3	UTI	1,01,970	1	1,115	83	1,198	1,01,971
4	ICICI Prudential	58,200	3,901	4,888	2,609	7,497	62,101
5	Edelweiss	0	61,475	49	50	99	61,475
6	HDFC	10,917	18	5009	196	5,205	10,935
7	Kotak	8,913	1,646	4110	522	4,632	10,559
8	Motilal Oswal	848	86	0	0	0	8,835
9	Mirae Asset	4,910	464	242	62	304	8,640
10	Aditya Birla Sun Life	5,945	40	797	378	1,175	5,985
11	LIC	2,880	2028	129	0	129	4,908
12	Axis	1,267	1,852	918	112	1,030	3,119
13	DSP	1,235	1,746	407	151	558	2,981
14	Zerodha	20	1333	57	0	57	1,353
15	Tata	747	0	131	74	205	747
16	Bajaj Finserv	262	18	0	0	0	280
17	Invesco	86	0	115	0	115	86
18	Quantum	56	0	207	0	207	56
19	Bandhan	26	0	0	0	0	26
20	Navi	7	0	0	0	0	7
21	Baroda BNP Paribas	6	0	69	0	69	6

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