Meet India’s top 20 equity funds in size

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Kotak Flexicap, Axis Bluechip and Axis Long-term Equity funds are the three biggest equity schemes in India with AUMs in excess of Rs. 32,000 crore, shows a report by Motilal Oswal Financial Services.

Kotak Flexicap fund, which is the largest equity scheme currently, has an AUM of Rs. 37,000 crore. Since June, its AUM has grown 3%. The next largest scheme — the Axis Bluechip Fund — has witnessed an impressive growth in the last nine months. Its AUM went up 32% from Rs. 27,100 crore to Rs. 35,700 crore.

The list of top 20 mutual fund schemes is dominated by flexicaps. There are eight flexicap schemes in the rankings. Largecap funds have the next highest presence with six schemes, followed by midcap category which has four schemes in the list.

Since June, two new schemes have made it to the top 20 — Parag Parikh Flexicap fund and Canara Robeco Emerging Equities.

Top 20 equity schemes and their AUM:

Scheme

AUM

(as on March 2022)

AUM

(as on June 2021)

% growth

Kotak Flexicap

Fund

37,100

36,000

3

Axis Bluechip

Fund

35,700

27,100

32

Axis Long Term

Equity Fund

32,100

29,600

8

SBI Bluechip

Fund

31,900

28200

13

Mirae Asset

Largecap Fund

31900

25700

24

ICICI Prudential

Bluechip Fund

31600

27700

14

HDFC Midcap

Opportunities Fund

31300

28700

9

HDFC Flexicap

Fund

27500

25200

9

SBI Focused Equity

Fund

24900

15900

57

UTI Flexicap Fund

24900

18400

35

ICICI Pru Value

Discovery Fund

23100

19200

20

Mirae Asset

Emerging Bluechip Fund

21900

17900

22

Parag Parikh

Flexicap Fund

21800

Aditya Birla SL

Frontline Equity Fund

21300

20400

4

HDFC Top

100 Fund

21200

20000

6

Axis Focused

25 Fund

19600

16500

19

Nippon India

Smallcap Fund

19200

14300

34

Kotak Emerging

Equity Fund

18600

12500

49

Axis Midcap

Fund

17600

11800

49

SBI Flexicap

Fund

15700

13400

17

Aditya Birla SL

Flexicap Fund

15600

14100

11

Aditya Birla SL

Tax Relief ’96 Fund

13900

13900

0

DSP Midcap

Fund

13700

12200

12

Canara Robeco

Emerging Equities

13000

HDFC Smallcap

Fund

12700

11600

9

*All numbers are in Rs crore | Source: Fund Folio report by Motilal Oswal

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