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Cafemutual has analyzed the latest AUM data to identify the top players in the passive investing industry.
Our analysis shows that SBI Mutual Fund, Nippon India Mutual Fund, and ICICI Prudential Mutual Fund are the top three players in passive funds.
SBI Mutual Fund continues to lead the passive investing space with assets of Rs. 3.37 lakh crore. Passive investments account for close to 32% of the fund house’s total AUM.
Nippon India Mutual Fund holds the second spot, with passive assets of about Rs. 1.64 lakh crore, and around 30% of its overall assets coming from passive funds. ICICI Prudential Mutual Fund ranks third with Rs. 1.51 lakh crore, deriving 17% of its total assets from passive funds.
UTI Mutual Fund and Edelweiss Mutual Fund are next, with passive AUMs of Rs. 1.43 lakh crore and Rs. 77,700 crore, respectively. Edelweiss MF has more than 54% of its total AUM in passive products — one of the highest ratios among the top players.
HDFC Mutual Fund manages close to Rs. 56,900 crore in passive AUM while Kotak Mutual Fund manages Rs. 35,800 crore.
Others in the top ten list include Aditya Birla Sun Life Mutual Fund, Motilal Oswal Mutual Fund, and Tata Mutual Fund.
The fund houses with the highest percentage of AUM coming from passives are Zerodha at 97%, Navi at 89%, and Groww at 56%.
Let’s look at the table to know more:
|
Fund house |
Index (In Rs. crore) |
Commodity ETFs (In Rs. crore) |
Other ETFs (In Rs. crore) |
FoF Overseas (In Rs. crore) |
Total Passive (In Rs. crore) |
Total AUM (In Rs. crore) |
Passive AUM in Percentage |
|
SBI |
29676.03 |
8080.79 |
298371.68 |
923.03 |
337051.53 |
1061989.86 |
31.74 |
|
Nippon India |
6056.52 |
25233.46 |
132960.73 |
0.00 |
164250.71 |
556530.10 |
29.51 |
|
ICICI Prudential |
62648.71 |
11744.60 |
76372.67 |
206.28 |
150972.26 |
874334.19 |
17.27 |
|
UTI |
36688.50 |
1969.26 |
104198.24 |
0.00 |
142856.00 |
338361.97 |
42.22 |
|
Edelweiss |
14330.99 |
293.69 |
58068.28 |
5035.15 |
77728.11 |
142795.68 |
54.43 |
|
HDFC |
37571.52 |
9361.26 |
8663.92 |
1263.83 |
56860.53 |
762539.43 |
7.46 |
|
Kotak |
12143.60 |
8125.29 |
11729.34 |
3769.12 |
35767.35 |
477736.87 |
7.49 |
|
Aditya Birla Sun Life |
24236.32 |
1661.16 |
6155.55 |
1088.77 |
33141.80 |
378506.38 |
8.76 |
|
Motilal Oswal |
16174.46 |
0.00 |
10025.37 |
30.11 |
26229.94 |
91739.72 |
28.59 |
|
Tata |
16537.51 |
640.44 |
816.90 |
0.00 |
17994.85 |
186009.39 |
9.67 |
|
DSP |
8159.98 |
1082.82 |
5504.00 |
3150.75 |
17897.54 |
183223.15 |
9.77 |
|
Bandhan |
17340.09 |
0.00 |
27.02 |
457.92 |
17825.03 |
164639.87 |
10.83 |
|
Mirae Asset |
1239.97 |
758.47 |
12826.19 |
360.75 |
15185.38 |
182680.10 |
8.31 |
|
Axis |
7855.55 |
1655.74 |
2422.60 |
2000.97 |
13934.86 |
314488.99 |
4.43 |
|
Navi |
4494.93 |
0.00 |
0.00 |
1866.58 |
6361.51 |
7125.83 |
89.27 |
|
LIC |
475.55 |
276.23 |
5293.63 |
0.00 |
6045.41 |
36054.37 |
16.77 |
|
Zerodha |
786.76 |
217.14 |
4139.16 |
0.00 |
5143.06 |
5309.81 |
96.86 |
|
Franklin Templeton |
672.12 |
0.00 |
0.00 |
4029.28 |
4701.39 |
106246.20 |
4.42 |
|
HSBC |
2502.13 |
0.00 |
0.00 |
164.37 |
2666.49 |
119065.18 |
2.24 |
|
PGIM India |
26.62 |
0.00 |
0.00 |
1456.43 |
1483.08 |
23449.60 |
6.32 |
|
Invesco |
120.16 |
243.60 |
85.42 |
708.45 |
1157.63 |
104173.29 |
1.11 |
|
Groww |
420.44 |
77.39 |
418.90 |
0.00 |
916.72 |
1594.05 |
57.51 |
|
Bajaj Finserv |
0.00 |
0.00 |
843.86 |
0.00 |
843.86 |
20820.95 |
4.05 |
|
Baroda BNP Paribas |
241.54 |
84.40 |
3.99 |
40.52 |
370.44 |
45002.91 |
0.82 |
|
Quantum |
0.00 |
284.61 |
62.05 |
0.00 |
346.66 |
2594.85 |
13.36 |
|
Union MF |
0.00 |
116.28 |
0.00 |
0.00 |
116.28 |
19699.41 |
0.59 |
|
Sundaram |
0.00 |
0.00 |
0.00 |
115.67 |
115.67 |
64746.18 |
0.18 |
|
360 ONE |
76.40 |
10.25 |
0.89 |
0.00 |
87.54 |
11231.15 |
0.78 |
|
Shriram |
0.00 |
0.00 |
26.88 |
0.00 |
26.88 |
917.20 |
2.93 |
|
Mahindra Manulife |
0.00 |
0.00 |
0.00 |
24.42 |
24.42 |
27089.82 |
0.09 |
|
Taurus |
5.14 |
0.00 |
0.00 |
0.00 |
5.14 |
852.49 |
0.60 |
Index funds
In terms of AUM in index funds, ICICI Prudential MF leads with Rs. 62,600 crore, followed by HDFC MF with Rs. 37,600 crore and UTI MF with Rs. 36,700 crore.
SBI MF, with Rs. 29,700 crore, and Aditya Birla Sun Life MF, with Rs. 24,200 crore, are the next two on the list of index fund assets.
Bandhan, Tata, Motilal Oswal, Edelweiss, and Kotak MF also feature in the top ten.
Let’s look at the table below to know more:
|
Fund house |
Index (In Rs. crore) |
|
ICICI Prudential |
62648.71 |
|
HDFC |
37571.52 |
|
UTI |
36688.50 |
|
SBI |
29676.03 |
|
Aditya Birla Sun Life |
24236.32 |
|
Bandhan |
17340.09 |
|
Tata |
16537.51 |
|
Motilal Oswal |
16174.46 |
|
Edelweiss |
14330.99 |
|
Kotak |
12143.60 |
|
DSP |
8159.98 |
|
Axis |
7855.55 |
|
Nippon India |
6056.52 |
|
Navi |
4494.93 |
|
HSBC |
2502.13 |
|
Mirae Asset |
1239.97 |
|
Zerodha |
786.76 |
|
Franklin Templeton |
672.12 |
|
LIC |
475.55 |
|
Groww |
420.44 |
|
Baroda BNP Paribas |
241.54 |
|
Invesco |
120.16 |
|
360 ONE |
76.40 |
|
PGIM India |
26.62 |
|
Taurus |
5.14 |
ETFs
In terms of ETF assets, SBI MF once again leads with Rs. 3.06 lakh crore. Nippon India MF ranks second with Rs. 1.58 lakh crore, while UTI MF occupies the third spot with ETF assets of Rs. 1.06 lakh crore.
ICICI Prudential and Edelweiss follow, with Rs. 88,100 crore and Rs. 58,400 crore, respectively.
Kotak, HDFC, Mirae Asset, Motilal Oswal, and Aditya Birla Sun Life round up the rest of the top ten.
Let’s look at the table below to know more:
|
Fund house |
Commodity ETFs (In Rs. crore) |
Other ETFs (In Rs. crore) |
Total ETFs |
|
SBI |
8080.79 |
298371.68 |
306452.47 |
|
Nippon India |
25233.46 |
132960.73 |
158194.19 |
|
UTI |
1969.26 |
104198.24 |
106167.50 |
|
ICICI Prudential |
11744.60 |
76372.67 |
88117.27 |
|
Edelweiss |
293.69 |
58068.28 |
58361.97 |
|
Kotak |
8125.29 |
11729.34 |
19854.63 |
|
HDFC |
9361.26 |
8663.92 |
18025.18 |
|
Mirae Asset |
758.47 |
12826.19 |
13584.66 |
|
Motilal Oswal |
0.00 |
10025.37 |
10025.37 |
|
Aditya Birla Sun Life |
1661.16 |
6155.55 |
7816.71 |
|
DSP |
1082.82 |
5504.00 |
6586.82 |
|
LIC |
276.23 |
5293.63 |
5569.86 |
|
Zerodha |
217.14 |
4139.16 |
4356.30 |
|
Axis |
1655.74 |
2422.60 |
4078.34 |
|
Tata |
640.44 |
816.90 |
1457.34 |
|
Bajaj Finserv |
0.00 |
843.86 |
843.86 |
|
Groww |
77.39 |
418.90 |
496.28 |
|
Quantum |
284.61 |
62.05 |
346.67 |
|
Invesco |
243.60 |
85.42 |
329.02 |
|
Union MF |
116.28 |
0.00 |
116.28 |
|
Baroda BNP Paribas |
84.40 |
3.99 |
88.39 |
|
Bandhan |
0.00 |
27.02 |
27.02 |
|
Shriram |
0.00 |
26.88 |
26.88 |
|
360 ONE |
10.25 |
0.89 |
11.14 |
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