Top Hybrid Fund Houses by AUM in March 2026: ICICI Prudential, SBI, and HDFC Mutual Funds Lead

ICICI Prudential, SBI, and HDFC Mutual Funds have emerged as leaders in the hybrid funds AUM category as of March 2026, as per the Cafemutual’s analysis.  

Their dominance underscores a significant focus on hybrid and solution-oriented schemes within the mutual fund industry. 

ICICI Prudential Mutual Fund Tops Hybrid Funds AUM 

ICICI Prudential Mutual Fund holds the highest assets in hybrid and solution-oriented schemes with ₹2,50,031 crore, making up 23.28% of its total average assets under management (AAUM) by March 2026.  

This indicates a strategic emphasis on hybrid fund investments, capitalising on balanced returns and risk management. 

SBI and HDFC Mutual Funds Follow Suit 

SBI Mutual Fund ranks 2nd with ₹1,94,191 crore in hybrid AUM, which constitutes 16.03% of its total AAUM.  

HDFC Mutual Fund follows closely with assets worth ₹1,58,070 crore in this category, accounting for 17.54% of its AAUM. 

Key Players in Hybrid Fund Space 

Kotak Mahindra Mutual Fund and Aditya Birla Sun Life Mutual Fund also feature prominently, managing ₹65,512 crore and ₹45,080 crore in hybrid assets, representing 11.44% and 10.73% of their total AAUM, respectively. This places them in the 4th and 5th positions among prominent hybrid fund managers. 

Smaller Players with High Hybrid AUM Proportion 

Some smaller mutual fund houses display a high percentage of their AUMs in hybrid funds. Notably, NJ Mutual Fund has over 50% of its AAUM in hybrid funds, while WhiteOak Capital Mutual Fund and Samco Mutual Fund hold 28% and 25% respectively, reflecting their reliance on hybrid investment strategies. 

Read More: Best Defence Mutual Funds for May 2026 Based on 1‑Year Returns: HDFC Defence Fund, Motilal Oswal Nifty India Defence Index Fund and More! 

Growing Popularity and Assets in Hybrid Funds 

The collective AUM of hybrid and solution-oriented funds stands at ₹9,85,163 crore as of March 2026, demonstrating the growing appetite for diversified investment vehicles within the mutual fund sector.  

These funds account for 12.4% of the industry's total AUM, a reflection of their broadening appeal. 

Conclusion 

The dominance of ICICI Pru, SBI, and HDFC in the hybrid funds AUM category illustrates a significant drive towards balanced fund management strategies within the industry. This trend is underscored by the substantial assets managed in hybrid schemes, pushing them to the forefront of investment choices among fund houses. 

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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.