AMFI Data: 11 Fund Houses Manage AUM Over ₹2 Lakh Crore as of September 2025

The mutual fund industry witnessed robust growth in the July to September 2025 quarter, with 11 fund houses surpassing the ₹2,00,000 crore AUM mark and industry AUM touching ₹77,13,630 crore. ICICI Prudential Mutual Fund emerged as the second AMC to cross ₹10,00,000 crore in assets, reflecting strong investor interest and favourable market conditions.

Top 3 Fund Houses by AUM in September 2025

Leading the industry, SBI Mutual Fund maintained its top position with a near ₹11,99,533 crore AUM. ICICI Prudential Mutual Fund crossed the ₹10,00,000 crore benchmark, reaching ₹10,14,758 crore, becoming only the second fund house to do so. HDFC Mutual Fund secured third place with ₹8,81,429 crore. These top 3 fund houses collectively saw a quarterly increase of ₹1,82,767 crore in AUM.

Rising Stars in Mid and Lower Segments

Tata Mutual Fund posted the highest percentage growth among the top 10, with an 11% increase, bringing its AUM to ₹2,16,961 crore. PPFAS Mutual Fund rose 14% to ₹1,32,181 crore, while Motilal Oswal AMC leapt 17% to ₹1,21,516 crore. Bajaj Finserv Mutual Fund and WhiteOak Capital also showed strong double-digit growth, moving up within the AUM rankings.

New Entrants and Rank Shifts in Smaller AMCs

Jio BlackRock Mutual Fund made a remarkable debut by entering the rankings at 32nd place with ₹12,890 crore AUM. Unifi Mutual Fund saw a staggering 67% jump, reaching ₹1,196 crore. Meanwhile, Angel One Mutual Fund surged 83% to ₹361 crore. Conversely, Samco Mutual Fund and Quantum Mutual Fund saw marginal movement as competition increased in the lower-tier segment.

Read More: Jefferies Eyes Entry into India’s $900 Billion Mutual Fund Industry!

Industry-Wide Growth Trends

The mutual fund industry’s total AUM rose from ₹72,12,893 crore in June 2025 to ₹77,13,630 crore in September 2025. This 7% growth reflects increasing investor participation and steady market momentum across equity, debt, and passive investment categories.

Conclusion

The July to September 2025 quarter marked significant milestones for India’s mutual fund industry. With 11 fund houses crossing ₹2,00,000 crore and several others achieving double-digit growth, the sector continues its upward trajectory, driven by investor confidence and market resilience.

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.

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