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  • 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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