Top Mutual Funds in India by Assets Under Management (AUM)

The rapid spread of the novel coronavirus (COVID-19) across the globe has got investors worried about the impact on the financial markets, especially equities. In such a situation, the question on the minds of investors is whether to stay invested or exit.

Equity Markets vs Coronavirus

Equity indices worldwide, including India, had a tumultuous 2020. The Dow Jones and FTSE 100 indices tanked ~26% and 25% respectively, while emerging market indices RTS (Russia) and Bovespa (Brazil) plunged 35% and 37%, respectively, on year-to-date (YTD) basis till March 25, 2020.

The story was no different back home with the Indian benchmark indices (S&P BSE Sensex and Nifty 50) down 31% and 32%, YTD. In fact, trailing the manic global sell-off, benchmark indices saw their biggest one-day point’s fall with the S&P BSE Sensex down 3935 points and the Nifty 50 declining 1135 points on March 23, 2020 giving a massive jolt to investors’ confidence.

The Panic Sell-offs

While everything looks like all doom and gloom, investors should note that markets, especially equities, tend to be volatile in the short term. Such bouts of negativity have been witnessed previously during health scares such as swine flu (2009) and pneumonic plague (1994), and economic downturns such as the Global Financial Crisis of 2008 and the Harshad Mehta scam of 1992.

Short-term Corrections

Sharp corrections in the equity markets often result in investors taking hasty investment decisions such as exiting the market by redeeming investments, or mimicking the actions of a larger group (herd mentality: everyone is selling, so let’s sell, or stopping investments). These, however, are not prudent ways of investment management. Such movements derail the long-term financial goal planning of investors and affect their risk-return profile.

Long-term Perspective

Investors should avoid falling prey to emotional biases (fear) and instead, should stay invested for the long term to derive optimum returns. Stay calm, focused and invest systematically over the long term. Market corrections will come and go. But it is important for equity investors to stay invested for the long term.

Mutual Fund Name AUM (₹ Cr)
HDFC Mutual Fund 382805
ICICI Prudential Mutual Fund 366853
SBI Mutual Fund 353018
Aditya Birla Sun Life Mutual Fund 250152
Nippon India Mutual Fund 205158
Kotak Mahindra Mutual Fund 177198
UTI Mutual Fund 157119
Franklin Templeton Mutual Fund 127599
Axis Mutual Fund 122924
IDFC Mutual Fund 104837
DSP Mutual Fund 77213
L&T Mutual Fund 71587
Tata Mutual Fund 52678
Mirae Asset Mutual Fund 39349
Sundaram Mutual Fund 31469
Invesco Mutual Fund 25197
Motilal Oswal Mutual Fund 20393
Canara Robeco Mutual Fund 17298
LIC Mutual Fund 16624
Edelweiss Mutual Fund 12415
HSBC Mutual Fund 11605
Baroda Mutual Fund 11153
BNP Paribas Mutual Fund 7731
Principal Mutual Fund 6730
JM Financial Mutual Fund 5683
Mahindra Mutual Fund 5258
IDBI Mutual Fund 5121
Union Mutual Fund 4285
PGIM India Mutual Fund 4042
PPFAS Mutual Fund 2770
BOI AXA Mutual Fund 2323
Quantum Mutual Fund 1537
Indiabulls Mutual Fund 1453
IL&FS Mutual Fund (IDF) 1259
IIFL Mutual Fund 1232
Essel Mutual Fund 856
IIFCL Mutual Fund (IDF) 561
Taurus Mutual Fund 431
YES Mutual Fund 395
Shriram Mutual Fund 185
ITI Mutual Fund 170
Quant Mutual Fund 82
Sahara Mutual Fund 50
Grand Total 2686797

Data as of Dec’19
Source: CRISIL Research

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