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Top Ten Large-Cap Equty Fund based on AUM Size 

 

There are twenty eight Large-Cap Equty Fund schemes in operation currently in India. Total Asset Under Management (AUM) of these funds amounted to Rs 154K crores at the end of February 2020. Top ten of these funds together account for 94% of the all the funds managed for Large-Cap equity mutual funds.

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Top Ten funds together accounted for AUM of Rs 144K crores, biggest fund itself accounted for AUM of Rs 24K crores. But the value of funds managed by remaining 18 fund schemes is considerably less. Next 11 to 20 Rank Funds manage AUM of Rs 8.5K crores which itself is almost one-third of the largest Fund in the Large-Cap schemes.

Smallest eight schemes out of total twenty eight fund schemes accounted for just 1% of total managed AUM. None of the bottom eight players had AUM size of more than Rs350 crores. Bottom three schemes managed AUM under Rs 100 crores. Taurus Largecap Equity Fund was the smallest scheme with AUM of just Rs 26 crores.

All of the top ten Large-Cap Equity fund schemes are currently managing AUM of Rs3,000 crore plus. Top three fund schemes in Large-Cap Equity category are the only schemes to manage AUM of over Rs24,000 crores. ICICI Prudential Bluechip Fund, SBI Bluechip and Aditya Birla Sun Life Frontline Equity are top three fund schemes.

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ICICI Prudential Bluechip Fund is the largest fund scheme in category of Large-Cap Equity mutual funds. ICICI Prudential Bluechip Fund is currently managing AUM of Rs 24,563 followed by SBI Bluechip with AUM of Rs 23,147 crores. Aditya Birla Sun Life Frontline Equity with AUM of Rs 20,379 crores is at third position.

JM Large Cap Fund is the tenth largest fund and only the only fund among top ten fund with AUM less than Rs5,000 crores. JM Large Cap Fund is currently managing AUM of Rs 3,232 crores.

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