Top Fund Houses by AUM: 19 Fund Houses Manage Mutual Fund Assets Over ₹1 Lakh Crore Led by SBI MF

As per the quarterly rankings for December 2025, 19 asset management companies in India now manage average mutual fund assets exceeding ₹1,00,000 crore. SBI Mutual Fund kept its lead position by a wide margin compared to the rest of the industry. 

Top Fund Houses by AUM in December 2025 

The total average AUM of the mutual fund industry stood at ₹81,00,856 crore for the December 2025 quarter.  

The top 5 fund houses managed 56% of the total industry assets. SBI Mutual Fund retained its leadership with ₹12,76,788 crore, followed by ICICI Prudential Mutual Fund at ₹10,76,380 crore. HDFC Mutual Fund came third with ₹9,24,854 crore. 

Nippon India Mutual Fund and Kotak Mahindra Mutual Fund completed the top 5, with assets of ₹7,00,958 crore and ₹5,73,307 crore respectively. This shows that all companies in the top 5 have AUMs over ₹5,00,000 crore. 

Fund Houses Ranked 6–10 

The AMCs that complete the top 10 list include Aditya Birla Sun Life Mutual Fund (₹4,43,233 crore), UTI Mutual Fund (₹3,93,809 crore), Axis Mutual Fund (₹3,60,575 crore), Tata Mutual Fund (₹2,24,068 crore) and Mirae Asset Mutual Fund (₹2,23,689 crore).  

Mirae Asset climbed back into the top 10 by surpassing DSP Mutual Fund. 

Read More: How a 23-Year-Old Can Start SIP With Just ₹1,000?! 

Mid-Sized Fund Houses with AUM Between ₹1–2 Lakh Crore 

8 fund houses were present in the ₹1,00,000 crore to ₹2,00,000 crore range. These include DSP Mutual Fund (₹2,21,996 crore), Bandhan Mutual Fund (₹1,97,824 crore), Edelweiss Mutual Fund (₹1,64,149 crore), PPFAS Mutual Fund (₹1,45,939 crore), Invesco Mutual Fund (₹1,39,704 crore), HSBC Mutual Fund (₹1,38,838 crore), Motilal Oswal Mutual Fund (₹1,34,035 crore), and Franklin Templeton Mutual Fund (₹1,26,715 crore).  

Canara Robeco Mutual Fund followed closely with ₹1,22,254 crore. 

Lower-Ranking AMCs and Industry Spread 

The rest of the AMCs had AUMs below ₹1,00,000 crore. Notably, quant Mutual Fund stood at ₹96,110 crore, while fund houses like Angel One Mutual Fund, Capitalmind Mutual Fund, Abakkus Mutual Fund, Choice Mutual Fund and Taurus Mutual Fund ranked at the bottom.  

WhiteOak Mutual Fund and Jio BlackRock Mutual Fund showed slight upward movement in rankings, now placed at 26th and 31st respectively. 

Conclusion 

19 AMCs managing AUMs over ₹1,00,000 crore marks a significant scale achieved by the Indian mutual fund industry. SBI Mutual Fund continues to dominate, while others show steady movement in rankings, reflecting the competitive asset management environment in India. 

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 scheme-related documents carefully.