SBI Mutual Fund nudges ahead of HDFC Mutual Fund

With total assets under management (AUM) of Rs 3.82 lakh crore, SBI Mutual Fund topped HDFC Asset Management in January 2020. HDFC AMC is now the second biggest, with Rs 3.79 lakh crore of AUM. ICICI Prudential AMC is the third largest, with AUM of Rs 3.68 lakh crore.

“A combination of process-driven fund management, consistency in performance, flows from EPFO, and a strong distribution network has helped the fund house reach the top position,” said Kaustubh Belapurkar, director (fund research), Morningstar India.