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Race for top spot in mutual funds going down to the wire
Financial Express Chennai
|January 07, 2026
SBI MF STILL HOLDS THE CROWN, BUT ICICI PRU JUST ₹1.7 LAKH CRORE BEHIND
THE BATTLE FOR the top spot in India’s mutual fund industry is entering its most competitive phase yet—and it is no longer a one-horse race.
Over the past two years, ICICI Prudential Mutual Fund has closed the gap sharply with industry leader SBI Mutual Fund, turning what once looked like a settled hierarchy into a genuine contest. Based on average assets under management (AAUM), ICICI Prudential is now just ₹1.7 lakh crore behind SBI MF.
As of December 2025, SBI MF managed ₹12.48 lakh crore, while ICICI Prudential MF stood at ₹10.76 lakh crore, according to data from Association of Mutual Funds in India (Amfi). What makes this shift more striking is what is happening behind them: the gap between ICICI Prudential and third-placed HDFC Mutual Fund has widened dramatically. From about ₹70,000 crore in March 2024, it has more than doubled to ₹1.5 lakh crore.
यह कहानी Financial Express Chennai के January 07, 2026 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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