ICICI Prudential, SBI and HDFC Lead Equity Regular Plan AUM in Mutual Fund Industry

As of June 2025, ICICI Prudential Mutual Fund, SBI Mutual Fund and HDFC Mutual Fund have emerged as the top three asset management companies in India by equity regular plan AUM. Their combined strength demonstrates the dominance of distributor channels in the mutual fund industry.

Top Players in Equity Regular AUM

ICICI Prudential Mutual Fund leads the chart with ₹4.10 lakh crore in equity AUM through regular plans, accounting for 61.75% of its equity assets. SBI Mutual Fund closely follows with ₹4.09 lakh crore, contributing 48.09% of its total equity AUM. HDFC Mutual Fund ranks third at ₹3.97 lakh crore, covering 71.61% of its equity book via regular investments.

Other Leading Fund Houses

Nippon India and UTI Mutual Fund rank next with ₹2.36 lakh crore and ₹2.32 lakh crore, respectively, in regular equity AUM. UTI leads in proportion with an impressive 84.63% of its equity AUM sourced through distributors. Kotak Mahindra Mutual Fund also showcases a high distributor reliance of 73.41%.

Read More: Union Mutual Fund Files Draft for Diversified Equity All Cap Active FoF!

Mid-Sized Funds with Prominent Regular Plans

Among the mid-sized AMCs, Axis Mutual Fund (₹1.44 lakh crore), Aditya Birla Sun Life Mutual Fund (₹1.37 lakh crore), Mirae Asset Mutual Fund (₹1.22 lakh crore) and DSP Mutual Fund (₹1.03 lakh crore) have crossed ₹1 lakh crore in equity regular AUM. Notably, Franklin Templeton Mutual Fund rounds off the top 10 with ₹86,856 crore.

Highest Proportion of Regular Equity AUM

Union Mutual Fund leads the industry with 96% of its equity AUM from regular plans. Baroda BNP Paribas Mutual Fund follows with 94%, while Samco Mutual Fund is at 92%. Other notable mentions include Sundaram Mutual Fund and Mahindra Manulife Mutual Fund, each exceeding 89%.

Conclusion

ICICI Prudential, SBI, and HDFC MF have established strong dominance in India's mutual fund sector via the regular equity plan route. With substantial AUMs and wide distributor networks, they reflect robust investor confidence in managed investment options.

Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Mutual Fund Investments are subject to market risks. Read all related documents carefully before investing.