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

⚡ ETF Liquidity Guide: Higher AAUM = more liquid ETF = tighter bid-ask spreads = safer to trade. ETFs with very low AAUM have poor liquidity. All ETFs are 100% Direct — traded on exchange, no Regular plan.

ETF Rankings by AAUM — All 4 Quarters FY2026

Top 50 ETFs sorted by Q4 AAUM · Higher AAUM = better liquidity

#	ETF	AMC	Q1 Apr-Jun	Q2 Jul-Sep	Q3 Oct-Dec	Q4 Jan-Mar ▼	Growth Q1→Q4
1	SBI Nifty 50 ETF	SBI Mutual Fund	₹1.96 L Cr	₹2.03 L Cr	₹2.14 L Cr	₹2.11 L Cr	+7.4%
2	SBI BSE SENSEX ETF	SBI Mutual Fund	₹1.14 L Cr	₹1.18 L Cr	₹1.24 L Cr	₹1.21 L Cr	+5.9%
3	UTI Nifty 50 ETF	UTI Mutual Fund	₹61.2 K Cr	₹63.6 K Cr	₹68.1 K Cr	₹68.4 K Cr	+11.8%
4	Nippon India ETF Nifty 50 BeES	Nippon India Mutual Fund	₹47.2 K Cr	₹49.9 K Cr	₹54.6 K Cr	₹57.1 K Cr	+20.9%
5	UTI BSE Sensex ETF	UTI Mutual Fund	₹47.4 K Cr	₹49.9 K Cr	₹53.4 K Cr	₹53.2 K Cr	+12.3%
6	ICICI Prudential Nifty 50 ETF	ICICI Prudential Mutual Fund	₹29.0 K Cr	₹31.6 K Cr	₹35.5 K Cr	₹37.4 K Cr	+29%
7	ICICI Prudential BSE Sensex ETF	ICICI Prudential Mutual Fund	₹20.0 K Cr	₹22.5 K Cr	₹25.4 K Cr	₹26.5 K Cr	+32.4%
8	CPSE ETF	Nippon India Mutual Fund	₹36.9 K Cr	₹33.4 K Cr	₹30.0 K Cr	₹25.6 K Cr	-30.6%
9	Nippon India ETF BSE Sensex	Nippon India Mutual Fund	₹17.9 K Cr	₹20.0 K Cr	₹22.5 K Cr	₹23.5 K Cr	+31.1%
10	BHARAT 22 ETF	ICICI Prudential Mutual Fund	₹17.5 K Cr	₹16.1 K Cr	₹14.5 K Cr	₹11.8 K Cr	-32.4%
11	Nippon India ETF Nifty Bank BeES	Nippon India Mutual Fund	₹7.6 K Cr	₹7.5 K Cr	₹7.8 K Cr	₹7.8 K Cr	+3.6%
12	Nippon India ETF Nifty Next 50 Junior BeES	Nippon India Mutual Fund	₹6.0 K Cr	₹6.5 K Cr	₹6.9 K Cr	₹7.1 K Cr	+18.6%
13	Kotak Nifty Bank ETF	Kotak Mutual Fund	₹5.4 K Cr	₹5.2 K Cr	₹5.8 K Cr	₹6.2 K Cr	+14.3%
14	HDFC NIFTY 50 ETF - Growth Plan	HDFC Mutual Fund	₹4.4 K Cr	₹4.7 K Cr	₹5.0 K Cr	₹5.1 K Cr	+15%
15	Nippon India ETF Nifty PSU Bank BeES	Nippon India Mutual Fund	₹2.7 K Cr	₹3.0 K Cr	₹3.7 K Cr	₹4.2 K Cr	+53%
16	SBI Nifty Bank ETF	SBI Mutual Fund	₹4.3 K Cr	₹4.0 K Cr	₹4.0 K Cr	₹3.9 K Cr	-8.3%
17	UTI Nifty Bank ETF	UTI Mutual Fund	₹3.8 K Cr	₹3.7 K Cr	₹3.9 K Cr	₹3.9 K Cr	+1.2%
18	ICICI Prudential Nifty 100 Low Volatility 30 ETF	ICICI Prudential Mutual Fund	₹3.6 K Cr	₹3.8 K Cr	₹3.8 K Cr	₹3.7 K Cr	+0.7%
19	Kotak Nifty 50 ETF	Kotak Mutual Fund	₹3.0 K Cr	₹3.2 K Cr	₹3.2 K Cr	₹3.2 K Cr	+6%
20	Aditya Birla Sun Life Nifty 50 ETF	Aditya Birla Sun Life Mutual Fund	₹3.1 K Cr	₹3.0 K Cr	₹3.2 K Cr	₹3.2 K Cr	+2.7%
21	Nippon India ETF Nifty IT	Nippon India Mutual Fund	₹2.2 K Cr	₹2.5 K Cr	₹3.0 K Cr	₹3.2 K Cr	+41.1%
22	ICICI Prudential Nifty Bank ETF	ICICI Prudential Mutual Fund	₹3.1 K Cr	₹3.0 K Cr	₹3.2 K Cr	₹3.1 K Cr	-0.2%
23	ICICI Prudential Nifty Private Bank ETF	ICICI Prudential Mutual Fund	₹3.3 K Cr	₹3.2 K Cr	₹3.4 K Cr	₹3.1 K Cr	-6.8%
24	Nippon India ETF Nifty Midcap 150	Nippon India Mutual Fund	₹2.1 K Cr	₹2.5 K Cr	₹2.7 K Cr	₹2.9 K Cr	+33%
25	SBI Nifty Next 50 ETF	SBI Mutual Fund	₹2.7 K Cr	₹2.5 K Cr	₹2.7 K Cr	₹2.8 K Cr	+4.8%
26	Aditya Birla Sun Life Nifty Bank ETF	Aditya Birla Sun Life Mutual Fund	₹2.6 K Cr	₹2.7 K Cr	₹2.8 K Cr	₹2.8 K Cr	+6%
27	HDFC NIFTY Bank ETF - GROWTH	HDFC Mutual Fund	₹2.7 K Cr	₹2.7 K Cr	₹2.8 K Cr	₹2.8 K Cr	+2.6%
28	Kotak Nifty PSU Bank ETF	Kotak Mutual Fund	₹1.5 K Cr	₹1.7 K Cr	₹2.1 K Cr	₹2.4 K Cr	+61.1%
29	ICICI Prudential Nifty Next 50 ETF	ICICI Prudential Mutual Fund	₹1.5 K Cr	₹1.7 K Cr	₹1.9 K Cr	₹2.1 K Cr	+44.6%
30	Kotak MSCI India ETF	Kotak Mutual Fund	₹1.1 K Cr	₹728 Cr	₹798 Cr	₹1.7 K Cr	+53.1%
31	ICICI Prudential Nifty Alpha Low- Volatility 30 ETF	ICICI Prudential Mutual Fund	₹1.8 K Cr	₹1.8 K Cr	₹1.7 K Cr	₹1.5 K Cr	-11.6%
32	Mirae Asset Nifty Midcap 150 ETF	Mirae Asset Mutual Fund	₹1.0 K Cr	₹1.1 K Cr	₹1.3 K Cr	₹1.4 K Cr	+40.2%
33	SBI BSE PSU BANK ETF	SBI Mutual Fund	₹403 Cr	₹494 Cr	₹730 Cr	₹1.4 K Cr	+245.2%
34	Motilal Oswal Nifty India Defence ETF	Motilal Oswal Mutual Fund	₹337 Cr	₹648 Cr	₹901 Cr	₹1.2 K Cr	+262%
35	Axis Nifty 50 ETF	Axis Mutual Fund	₹738 Cr	₹1.0 K Cr	₹1.1 K Cr	₹1.2 K Cr	+64.6%
36	DSP Nifty 50 Equal Weight ETF	DSP Mutual Fund	₹536 Cr	₹597 Cr	₹878 Cr	₹1.1 K Cr	+103.7%
37	Nippon India Nifty Pharma ETF	Nippon India Mutual Fund	₹917 Cr	₹975 Cr	₹1.0 K Cr	₹1.1 K Cr	+14.5%
38	LIC MF Nifty 50 ETF	Lic Mutual Fund	₹852 Cr	₹874 Cr	₹905 Cr	₹887 Cr	+4.1%
39	DSP Nifty Top 10 Equal Weight ETF	DSP Mutual Fund	₹704 Cr	₹726 Cr	₹796 Cr	₹821 Cr	+16.6%
40	ICICI Prudential Nifty FMCG ETF	ICICI Prudential Mutual Fund	₹565 Cr	₹639 Cr	₹677 Cr	₹764 Cr	+35.2%
41	Motilal Oswal Nifty Midcap 100 ETF	Motilal Oswal Mutual Fund	₹615 Cr	₹686 Cr	₹718 Cr	₹759 Cr	+23.4%
42	LIC MF BSE Sensex ETF	Lic Mutual Fund	₹799 Cr	₹802 Cr	₹779 Cr	₹747 Cr	-6.5%
43	LIC MF Nifty 100 ETF	Lic Mutual Fund	₹725 Cr	₹746 Cr	₹770 Cr	₹745 Cr	+2.8%
44	Kotak Nifty Alpha 50 ETF	Kotak Mutual Fund	₹630 Cr	₹705 Cr	₹743 Cr	₹719 Cr	+14.1%
45	DSP Nifty Bank ETF	DSP Mutual Fund	₹665 Cr	₹660 Cr	₹730 Cr	₹705 Cr	+6%
46	LIC MF Nifty Midcap 100 ETF	Lic Mutual Fund	₹688 Cr	₹719 Cr	₹740 Cr	₹618 Cr	-10.2%
47	ICICI Prudential Nifty Midcap 150 ETF	ICICI Prudential Mutual Fund	₹447 Cr	₹502 Cr	₹559 Cr	₹608 Cr	+36%
48	ICICI Prudential Nifty 200 Momentum 30 ETF	ICICI Prudential Mutual Fund	₹580 Cr	₹579 Cr	₹610 Cr	₹546 Cr	-5.9%
49	HDFC BSE Sensex ETF - Growth Plan	HDFC Mutual Fund	₹513 Cr	₹527 Cr	₹546 Cr	₹532 Cr	+3.7%
50	DSP Nifty Private Bank ETF	DSP Mutual Fund	₹369 Cr	₹415 Cr	₹451 Cr	₹488 Cr	+32.2%

* ETF AAUM from AMFI quarterly disclosure · Higher AAUM = better liquidity · Growth = (Q4 − Q1) / Q1 × 100 · — = ETF did not exist that quarter

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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