Looking at AMC ranks based on AUM is of no use to investors and advisers. Analysing and ranking AMCs based on performance i.e. % of their total AUM beating its respective benchmark could be a better approach. The analysis shows that higher AUM does not necessarily mean better performance, which is the general belief among many advisers and investors.
Following are the ranks as on June, 2019 based on the percentage of Equity AUM beating its respective benchmark over last 1, 3 and 5 year. Final AUM Beating Benchmark Score is calculated by assigning 20%, 30% and 50% weights for 1, 3 and 5 year period respectively based on percentage of total AMC’s AUM beating its respective benchmark.
Mutual Fund House ranks based on Performance as on June 2019
Complete List of AMCs and their scores:
|Rank||AMC Name||AUM Beating Benchmark Score|
|1||Mirae Asset MF||91.7%|
|3||Parag Parikh MF||80.0%|
|4||Canara Robeco MF||77.4%|
|6||Motilal Oswal MF||67.8%|
|11||Franklin Templeton MF||58.2%|
|16||ICICI Prudential MF||45.6%|
|17||BNP Paribas MF||40.4%|
|18||JM Financial MF||38.9%|
|19||Aditya Birla SL MF||37.3%|
|26||DHFL Pramerica MF||18.4%|
|30||BOI AXA MF||3.9%|
The analysis considers all open-ended equity and hybrid funds. AMCs with more than Rs. 1,000 cr equity assets are only considered for this analysis.