Friday, September 16, 2016

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