Top 3 Equity Mutual Fund Houses in India by AUM as of June 2025: SBI Mutual Fund Leads

The Indian mutual fund industry is booming, with equity assets forming the bulk of total AUM. As of June 2025, a few asset management companies stand out as leading India’s equity mutual fund landscape in terms of assets under management (AUM).

India’s Top 3 Equity Fund Houses by AUM

As per the Cafemutual report, the top 3 equity mutual fund houses as of June 2025 are SBI Mutual Fund, ICICI Prudential Mutual Fund, and HDFC Mutual Fund. SBI MF tops the list with an equity AUM of ₹8.86 lakh crore, which forms 75% of its total AUM. ICICI Prudential MF follows with ₹6.32 lakh crore in equity assets, contributing 65% to its total portfolio. HDFC MF ranks third with ₹5.85 lakh crore in equity AUM, making up 68% of its overall asset base.

Equity Segment Dominates Indian Mutual Fund Industry

As of June 2025, India's total equity mutual fund AUM reached ₹51.65 lakh crore, accounting for 69% of the industry’s overall AUM of ₹74.78 lakh crore. Pure equity schemes, ELSS, and solution-oriented schemes contribute ₹33.69 lakh crore, about 65% of total equity AUM.

Other Major Players in the Equity Arena

After the top 3, Nippon India Mutual Fund and Kotak Mahindra Mutual Fund hold equity AUMs of ₹4.52 lakh crore and ₹3.43 lakh crore, respectively. They round off the top 5, with strong positions driven by a mix of active and passive strategies.

How Equity Assets Shape AMC Business Models

Interestingly, 13 AMCs derive more than 90% of their total AUM from equity schemes, including Quant Mutual Fund, Canara Robeco Mutual Fund, and PPFAS Mutual Fund. This focus showcases a significant tilt towards equity investments, reflecting investor sentiment and long-term growth orientation.

Read More: SEBI Eases Rules for AMCs to Attract Overseas Investments!

Conclusion

The equity mutual fund segment continues to dominate India's investment landscape with SBI Mutual Fund, ICICI Prudential Mutual Fund, and HDFC Mutual Fund leading the way. Their high equity AUM percentages point to their strong equity-focused strategies and investor confidence.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/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 the related documents carefully before investing.