Invesco, Motilal Oswal, and HSBC mutual funds (MFs) logged the highest growth among the large- and mid-sized fund houses in the just concluded quarter (July-September or Q2 of FY27). Their quarter-on-quarter (Q-o-Q) growth in average assets under management (AAUM) of 10 per cent or more was significantly higher than the industry’s 5 per cent growth rate.
At the same time, the largest fund houses continued to drive the bulk of the industry growth. SBI MF, ICICI Prudential MF, and Nippon India grew the fastest in Q2 in absolute terms. SBI MF’s AAUM grew by ₹53,146 crore or 4.2 per cent to ₹13.3 trillion as it remained the largest MF player. ICICI Prudential MF, the second-largest fund house, added ₹44,263 crore to its AAUM.
Overall, new entrant Abakkus MF grew the fastest as its AAUM surged 81 per cent Q-o-Q to ₹10,100 crore. Trust MF and Helios MF also logged strong growth as their quarterly AAUM surged 30 per cent.
First Published: Oct 06 2026 | 11:33 PM IST
