ICICI Prudential, HDFC and Nippon Mutual Fund Lead AUM Growth in FY2025

The Indian mutual fund industry has witnessed an impressive expansion, with ICICI Prudential, HDFC and Nippon India Mutual Funds topping the charts in terms of AUM growth for the year ending September 2025. The combined performance has contributed significantly to the industry’s 16% rise in total assets under management (AUM).

Top Performers: ICICI Prudential, HDFC and Nippon India Mutual Funds Drive Growth

ICICI Prudential Mutual Fund led the pack by adding ₹1,73,531 crore to its AUM, reflecting a 21% increase year-on-year and reaching a total of ₹10,14,758 crore. HDFC Mutual Fund followed closely, with an AUM addition of ₹1,22,631 crore and a 16% growth to touch ₹8,81,429 crore. Nippon India Mutual Fund showed strong performance too, seeing its AUM swell by ₹1,07,345 crore to ₹6,56,519 crore, marking a 20% jump from the previous year.

SBI Mutual Fund and Kotak Mutual Fund Remain in the Top 5

SBI Mutual Fund, the largest in the country, added ₹1,00,890 crore to its AUM, despite a relatively modest 9% increase. Kotak Mahindra Mutual Fund secured the 5th position by growing its AUM by ₹85,774 crore, representing an 18% rise over the period.

Read More: Passive Mutual Funds Gain Momentum in India with Assets Surging to ₹12.2 Lakh Crore!

New Entrants and Fastest Percentage Gainers

Motilal Oswal Mutual Fund and PPFAS Mutual Fund made notable entries into the top 10 by absolute AUM growth. Motilal Oswal Mutual Fund grew by 72%, adding ₹51,021 crore, and PPFAS Mutual Fund grew 51% by adding ₹44,585 crore. Meanwhile, newer and smaller players like Old Bridge Mutual Fund (204%), Zerodha Mutual Fund (176%) and Groww Mutual Fund (142%) recorded the highest AUM percentage growth during this period, reflecting increased investor participation in emerging funds.

Mutual Fund Industry Overview and Total AUM Expansion

Overall, the mutual fund industry displayed robust growth, expanding its cumulative AUM from ₹66,22,377 crore to ₹77,13,630 crore over 1 year, amounting to an increase of ₹10,91,253 crore. This 16% surge demonstrates growing retail and institutional interest in the mutual fund space.

Conclusion

ICICI Prudential, HDFC and Nippon India Mutual Funds have clearly emerged as leaders in AUM growth for FY2025, both in absolute and percentage terms. Their performance has played a pivotal role in the mutual fund industry’s steady expansion, along with contributions from selective emerging players achieving significant percentage growth.

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.

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