- SBI Mutual Fund was the First to Reach this Level
- A Joint Venture with Steady Long-Term Growth
- Top 10 mutual fund houses by AAUM (Q2 FY26)
- Conclusion
ICICI Prudential Mutual Fund has achieved a major milestone, becoming the second mutual fund house in India to cross ₹10 trillion (₹10 lakh crore) in assets under management (AUM). This mark represents the total value of assets managed across its various mutual fund schemes.
SBI Mutual Fund was the First to Reach this Level
While ICICI Prudential’s achievement is remarkable, it is not the first fund house to do so. SBI Mutual Fund became the first Indian mutual fund company to cross the ₹10-trillion AUM milestone in June 2024. Now, ICICI Prudential has joined this exclusive club in the September 2025 quarter, reflecting the growing investor trust in mutual funds.
A Joint Venture with Steady Long-Term Growth
ICICI Prudential Mutual Fund is a joint venture between ICICI Bank and Prudential PLC (UK). The fund house has been a key player in India’s asset management industry for decades.
Over the past five years, its average quarterly AUM has grown at a compounded annual growth rate (CAGR) of 22.8%, in line with the overall growth of the Indian mutual fund industry.
In the September 2025 quarter, ICICI Prudential’s AUM grew 7.5% quarter-on-quarter, the fastest among the top five fund houses, helping it cross the ₹10 trillion mark.
Top 10 mutual fund houses by AAUM (Q2 FY26)
According to data from AMFI, here are the top 10 fund houses based on their average assets under management (AAUM) in the September quarter:
| Fund House | AAUM in Q2 (₹ trillion) | QoQ Rise (%) |
| SBI | 12.0 | 5.2 |
| ICICI Prudential | 10.1 | 7.5 |
| HDFC | 8.8 | 6.4 |
| Nippon India | 6.6 | 7.1 |
| Kotak Mahindra | 5.6 | 7.0 |
| Aditya Birla Sun Life | 4.3 | 5.4 |
| UTI | 3.8 | 4.9 |
| Axis | 3.5 | 4.7 |
| Tata | 2.2 | 10.6 |
| DSP | 2.1 | 6.9 |
(Source: AMFI)
Notably, Tata Mutual Fund entered the top 10 list this quarter with a strong 10.6% QoQ rise in assets, the highest among all.
Conclusion
The rise of ICICI Prudential Mutual Fund past the ₹10 lakh crore mark signals the maturity and scale of India’s mutual fund industry. With two fund houses now managing over ₹10 trillion each and several others growing steadily, the sector continues to attract investors seeking long-term wealth creation.
As more Indians turn to mutual funds to achieve their financial goals, milestones like these underscore the growing depth, trust, and opportunities in India’s investment landscape.
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