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Franklin India Prima Plus Fund and SBI Bluechip Fund are the new entrants to India's 10 largest equity mutual fund (MF) schemes in terms of assets under management (AUM). HDFC Equity Fund maintains the numero uno position with assets of Rs 16,000 crore, despite it losing Rs 1,000 crore of AUM on account of redemptions.
ICICI Prudential Value Discovery Fund is at the second spot, while Birla Sun Life Frontline Equity Fund's outperformance this year has seen it close ranks. HDFC MF, the second-largest fund house in terms of assets, is the only one to have more than one scheme in the top 10.
HDFC Top 200, ranked second last year, has slipped to fourth spot. SBI Bluechip Fund, which was not even in the top 20 last year, has moved to the top 10 league. Among the top 10 schemes, Reliance Equity Opportunities Fund is the only one with negative year-to-date returns.
These top 10 schemes manage total assets of Rs 1.18 lakh crore, or 27 per cent of the industry's total equity assets.
