What is AAUM in mutual funds?

AAUM stands for Average Assets Under Management — the average of a fund's AUM over a quarter, published by AMFI. It is used to compare fund house sizes on a standardised basis.

What is the difference between Direct and Regular AAUM?

Direct AAUM covers investors who invested without a distributor. Regular AAUM includes assets where distributor commission is paid. A higher Direct percentage means lower expense ratios for those investors.

How often is AAUM data updated?

AMFI publishes quarterly AAUM data within weeks of each quarter end. RightAdvise updates this data as soon as AMFI releases it, covering Q1 to Q4 of the financial year.

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Mutual Fund AAUM Analytics

Average Assets Under Management · Direct vs Regular plan · FY2026 · Values in Crores

📊 Overview 💰 Fund Wise 🏢 AMC Wise 📁 Category Wise ⚡ ETF Rankings 📈 AAUM Growth 🔄 Direct Trend

Quarter › Q1 · Apr-Jun 2025 Q2 · Jul-Sep 2025 Q3 · Oct-Dec 2025 Q4 · Jan-Mar 2026

AMC Wise AAUM — Jul-Sep 2025

39 AMCs · All fund types · Sorted by Total AAUM

#	AMC	Funds	Total AAUM	Direct AAUM	Regular AAUM	Direct vs Regular	Direct %
1	SBI Mutual Fund	64	₹8.58 L Cr	₹4.46 L Cr	₹4.13 L Cr	52%48%	51.9%
2	ICICI Prudential Mutual Fund	75	₹4.69 L Cr	₹1.92 L Cr	₹2.77 L Cr	41%59%	41.0%
3	Nippon India Mutual Fund	55	₹4.27 L Cr	₹1.97 L Cr	₹2.30 L Cr	46%54%	46.1%
4	HDFC Mutual Fund	31	₹4.09 L Cr	₹1.17 L Cr	₹2.92 L Cr	29%71%	28.6%
5	Kotak Mutual Fund	65	₹2.69 L Cr	₹73.3 K Cr	₹1.96 L Cr	27%73%	27.3%
6	UTI Mutual Fund	42	₹2.51 L Cr	₹1.60 L Cr	₹91.6 K Cr	64%36%	63.5%
7	Axis Mutual Fund	40	₹2.06 L Cr	₹65.2 K Cr	₹1.41 L Cr	32%68%	31.7%
8	Aditya Birla Sun Life Mutual Fund	47	₹1.81 L Cr	₹45.3 K Cr	₹1.36 L Cr	25%75%	25.0%
9	Mirae Asset Mutual Fund	12	₹1.42 L Cr	₹54.2 K Cr	₹87.6 K Cr	38%62%	38.2%
10	DSP Mutual Fund	45	₹1.42 L Cr	₹37.4 K Cr	₹1.04 L Cr	26%74%	26.4%
11	Parag Parikh Mutual Fund	4	₹1.26 L Cr	₹83.7 K Cr	₹42.7 K Cr	66%34%	66.2%
12	Canara Robeco Mutual Fund	12	₹1.00 L Cr	₹23.9 K Cr	₹76.5 K Cr	24%76%	23.8%
13	Tata Mutual Fund	36	₹97.8 K Cr	₹24.9 K Cr	₹72.9 K Cr	26%74%	25.5%
14	Franklin Templeton Mutual Fund	17	₹96.9 K Cr	₹16.3 K Cr	₹80.6 K Cr	17%83%	16.9%
15	Motilal Oswal Mutual Fund	56	₹96.7 K Cr	₹49.5 K Cr	₹47.2 K Cr	51%49%	51.2%
16	Quant Mutual Fund	20	₹89.9 K Cr	₹52.7 K Cr	₹37.2 K Cr	59%41%	58.7%
17	HSBC Mutual Fund	19	₹73.9 K Cr	₹12.7 K Cr	₹61.2 K Cr	17%83%	17.2%
18	Bandhan Mutual Fund	30	₹71.1 K Cr	₹15.5 K Cr	₹55.6 K Cr	22%78%	21.8%
19	Edelweiss Mutual Fund	29	₹52.9 K Cr	₹11.1 K Cr	₹41.7 K Cr	21%79%	21.0%
20	Sundaram Mutual Fund	26	₹50.5 K Cr	₹5.0 K Cr	₹45.5 K Cr	10%90%	9.9%
21	Invesco Mutual Fund	11	₹36.5 K Cr	₹7.7 K Cr	₹28.8 K Cr	21%79%	21.2%
22	Mahindra Manulife Mutual Fund	16	₹28.4 K Cr	₹3.1 K Cr	₹25.4 K Cr	11%89%	10.8%
23	Baroda BNP Paribas Mutual Fund	25	₹28.2 K Cr	₹1.9 K Cr	₹26.3 K Cr	7%93%	6.7%
24	PGIM India Mutual Fund	10	₹23.1 K Cr	₹6.9 K Cr	₹16.3 K Cr	30%70%	29.7%
25	WhiteOak Capital Mutual Fund	15	₹22.8 K Cr	-	-	0%100%	%
26	Lic Mutual Fund	23	₹17.3 K Cr	₹5.6 K Cr	₹11.7 K Cr	33%67%	32.6%
27	Bajaj Finserv Mutual Fund	14	₹15.1 K Cr	₹2.2 K Cr	₹12.9 K Cr	14%86%	14.3%
28	Union Mutual Fund	15	₹14.6 K Cr	₹576 Cr	₹14.0 K Cr	4%96%	4.0%
29	JM Financial Mutual Fund	8	₹10.3 K Cr	₹3.9 K Cr	₹6.4 K Cr	38%62%	38.2%
30	ITI Mutual Fund	13	₹10.3 K Cr	₹2.0 K Cr	₹8.3 K Cr	20%80%	19.5%
31	360 ONE Mutual Fund	4	₹10.2 K Cr	₹5.6 K Cr	₹4.6 K Cr	55%45%	54.9%
32	Bank of India Mutual Fund	14	₹8.8 K Cr	-	-	0%100%	%
33	Navi Mutual Fund	12	₹5.9 K Cr	-	-	0%100%	%
34	Helios Mutual Fund	5	₹5.0 K Cr	₹2.3 K Cr	₹2.7 K Cr	45%55%	45.3%
35	Trust Mutual Fund	3	₹2.4 K Cr	₹1.1 K Cr	₹1.2 K Cr	48%52%	47.6%
36	Groww Mutual Fund	24	₹1.8 K Cr	₹1.5 K Cr	₹331 Cr	82%18%	81.5%
37	Zerodha Mutual Fund	5	₹1.5 K Cr	₹1.5 K Cr	-	100%0%	100.0%
38	JioBlackRock Mutual Fund	4	₹173 Cr	₹173 Cr	-	100%0%	100.0%
39	Capitalmind Mutual Fund	1	₹69 Cr	₹59 Cr	₹10 Cr	85%15%	85.2%

* AMC AAUM = sum of all fund AAUM including ETFs and Index funds · Values in Crores

RightAdvise tracks quarterly AAUM data for all active mutual fund schemes in India — showing the split between Direct and Regular plans across fund houses, categories and individual funds. Data sourced from official AMFI quarterly disclosures. Updated every quarter.

What Is AAUM and Why Does It Matter?

AAUM — Average Assets Under Management — is the quarterly average of a fund's total AUM. It is the official metric AMFI uses to rank fund houses and calculate expense ratio slabs. A rising AAUM indicates investor confidence; a falling AAUM may signal outflows or poor performance.

What Does the Direct vs Regular Split Tell You?

The Direct percentage shows what proportion of a fund's AUM is held by investors who bypassed distributors. A higher Direct share means lower average expense ratios for investors in that fund. Industry-wide, the Direct share has been rising steadily — a sign of increasing financial awareness among Indian investors.

How Often Is This Data Updated?

AMFI publishes quarterly AAUM data within a few weeks of each quarter end — Q1 (Apr–Jun), Q2 (Jul–Sep), Q3 (Oct–Dec) and Q4 (Jan–Mar). RightAdvise updates this page as soon as AMFI releases the data.

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