List of Top Ten Mutual Funds in India by Assets Under Mangement

Size does matter. Especially when it comes to entrusting hard-earned savings with financial institutions are concerned. Following are the good reasons behind such an assumption:

1. During periods of extreme financial stress, for example the run on banks and other financial institutions after the Lehman Brothers event, larger players are better placed to handle the crisis. 
2. When there is a run on a player, the government more likely to be be forced to step-in with the rescue-act in the case of a large player. This had happened once when UTI mutual fund was in trouble.
3. On account of the scale of operations and larger resources at disposal, larger organizations have the wherewithal to streamline processes and implement adequate checks and balances in the system.

Therefore, here we present India's Top Ten Mutual Funds ranked by the assets under management as on 30th June 2016:

Rank	Name of Mutual Fund	Assets Under Management (AUM))	% to Total AUM	Cumulative % to Total AUM
1	ICICI Prudential Mutual Fund	1,93,296	13.43%	13.43%
2	HDFC Mutual Fund	1,92,776	13.39%	26.82%
3	Reliance Mutual Fund	1,67,009	11.60%	38.42%
4	Birla Sun Life Mutual Fund	1,49,093	10.36%	48.77%
5	SBI Mutual Fund	1,19,878	8.33%	57.10%
6	UTI Mutual Fund	1,12,169	7.79%	64.89%
7	Franklin Templeton Mutual Fund	67,593	4.69%	69.58%
8	Kotak Mahindra Mutual Fund	62,874	4.37%	73.95%
9	IDFC Mutual Fund	54,091	3.76%	77.71%
10	DSP BlackRock Mutual Fund	41,416	2.88%	80.59%

As if to prove the 80:20 rule, the top ten players are managing over 80% of the total assets under management. In fact, the top 20 out of the 40 command over 95% of the total AUM.

The full list is presented below:

Rank	Name of Mutual Fund	Assets Under Management (AUM))	% to Total AUM	Cumulative % to Total AUM
1	ICICI Prudential Mutual Fund	1,93,296	13.43%	13.43%
2	HDFC Mutual Fund	1,92,776	13.39%	26.82%
3	Reliance Mutual Fund	1,67,009	11.60%	38.42%
4	Birla Sun Life Mutual Fund	1,49,093	10.36%	48.77%
5	SBI Mutual Fund	1,19,878	8.33%	57.10%
6	UTI Mutual Fund	1,12,169	7.79%	64.89%
7	Franklin Templeton Mutual Fund	67,593	4.69%	69.58%
8	Kotak Mahindra Mutual Fund	62,874	4.37%	73.95%
9	IDFC Mutual Fund	54,091	3.76%	77.71%
10	DSP BlackRock Mutual Fund	41,416	2.88%	80.59%
11	Axis Mutual Fund	40,868	2.84%	83.42%
12	Tata Mutual Fund	35,332	2.45%	85.88%
13	L&T Mutual Fund	28,404	1.97%	87.85%
14	Sundaram Mutual Fund	24,536	1.70%	89.56%
15	DHFL Pramerica Mutual Fund	21,740	1.51%	91.07%
16	Invesco Mutual Fund	19,039	1.32%	92.39%
17	LIC NOMURA Mutual Fund	13,040	0.91%	93.29%
18	JM Financial Mutual Fund	12,756	0.89%	94.18%
19	Baroda Pioneer Mutual Fund	9,117	0.63%	94.81%
20	Canara Robeco Mutual Fund	8,099	0.56%	95.38%
21	HSBC Mutual Fund	7,839	0.54%	95.92%
22	IDBI Mutual Fund	6,719	0.47%	96.39%
23	Goldman Sachs Mutual Fund	6,500	0.45%	96.84%
24	Indiabulls Mutual Fund	6,231	0.43%	97.27%
25	JPMorgan Mutual Fund	5,584	0.39%	97.66%
26	Motilal Oswal Mutual Fund	5,421	0.38%	98.04%
27	BNP Paribas Mutual Fund	5,411	0.38%	98.41%
28	PRINCIPAL Mutual Fund	4,666	0.32%	98.74%
29	Mirae Asset Mutual Fund	3,977	0.28%	99.01%
30	Taurus Mutual Fund	3,196	0.22%	99.23%
31	Union KBC Mutual Fund	3,124	0.22%	99.45%
32	BOI AXA Mutual Fund	2,754	0.19%	99.64%
33	Edelweiss Mutual Fund	2,032	0.14%	99.78%
34	Peerless Mutual Fund	927	0.06%	99.85%
35	Quantum Mutual Fund	703	0.05%	99.90%
36	PPFAS Mutual Fund	663	0.05%	99.94%
37	IIFL Mutual Fund	395	0.03%	99.97%
38	Escorts Mutual Fund	291	0.02%	99.99%
39	Sahara Mutual Fund	101	0.01%	100.00%
40	Shriram Mutual Fund	40	0.00%	100.00%
	Total	14,39,701