There has been an interesting shift in the month of January 2020. For the last 15 years, the largest Indian mutual fund in terms of AUM has been one of the 3 funds viz. HDFC Mutual Fund, ICICI Pru Mutual fund and Reliance MF (now Nippon MF). However, Reliance MF lost out on growth in the last couple of years and has now slipped to the fifth position. But the big shift has been that SBI Mutual Fund has emerged as the largest fund manager by AUM in the month of January 2020. For the month, the AUM of SBI Mutual Fund stood at Rs.3.82 trillion followed by HDFC MF at Rs.3.79 trillion and ICICI Pru Mutual Fund at Rs.3.68 trillion. Aditya Birla MF and Nippon are placed in fourth and fifth position. But the real growth has come from SBI MF, which saw an accretion of Rs.21,000 crore in AUM in the month of Jan-20. SBI Mutual Fund has been the largest equity fund manager for the last few months and that still remains the same.
There has been an interesting shift in the month of January 2020. For the last 15 years, the largest Indian mutual fund in terms of AUM has been one of the 3 funds viz. HDFC Mutual Fund, ICICI Pru Mutual fund and Reliance MF (now Nippon MF). However, Reliance MF lost out on growth in the last couple of years and has now slipped to the fifth position. But the big shift has been that SBI Mutual Fund has emerged as the largest fund manager by AUM in the month of January 2020. For the month, the AUM of SBI Mutual Fund stood at Rs.3.82 trillion followed by HDFC MF at Rs.3.79 trillion and ICICI Pru Mutual Fund at Rs.3.68 trillion. Aditya Birla MF and Nippon are placed in fourth and fifth position. But the real growth has come from SBI MF, which saw an accretion of Rs.21,000 crore in AUM in the month of Jan-20. SBI Mutual Fund has been the largest equity fund manager for the last few months and that still remains the same.