The quarter's growers
The mutual fund industry's average assets rose 1.97% from January–March to April–June 2026, from ₹81,53,966 crore to ₹83,14,467 crore. A house had to grow faster than that just to keep its market share, and 32 of the 51 did.
These are AMFI's quarterly average AUM (AAUM) figures for each house, excluding domestic fund-of-funds.
Fastest growth, houses above ₹10,000 crore
| Fund house | Jan–Mar 2026 (₹ crore) | Apr–Jun 2026 (₹ crore) | Growth |
|---|---|---|---|
| Helios | 9,401 | 11,103 | 18.1% |
| WhiteOak Capital | 33,024 | 37,392 | 13.2% |
| Zerodha | 13,793 | 15,373 | 11.5% |
| Bank of India | 14,171 | 15,446 | 9.0% |
| Motilal Oswal | 1,31,742 | 1,42,530 | 8.2% |
| quant | 88,363 | 95,314 | 7.9% |
| Bajaj Finserv | 30,627 | 33,027 | 7.8% |
| Jio BlackRock | 16,712 | 17,979 | 7.6% |
| Union | 26,194 | 28,098 | 7.3% |
| LIC | 46,461 | 49,535 | 6.6% |
Helios crossed ₹10,000 crore this quarter, as Zerodha did the quarter before.
Two houses near the top of this table are reversals. quant had shrunk 8.1% in January–March and grew 7.9% now, almost back to its October–December level of ₹96,110 crore. Motilal Oswal went from a 1.7% fall to an 8.2% rise, the fastest growth of any house above ₹1 lakh crore. Bajaj Finserv also swung, from −4.6% to +7.8%.
Others kept going but slowed. Zerodha grew 43.6% in January–March and 11.5% now; Jio BlackRock 21.5% and then 7.6%. WhiteOak Capital is the one that sped up, from 10.8% to 13.2%.
Smaller houses grew faster still from small bases. Abakkus rose 78.3% to ₹5,580 crore, Old Bridge 33.2% to ₹3,419 crore and Groww 22.1% to ₹5,106 crore.
Most rupees added
| Fund house | Added (₹ crore) | Growth | Share change |
|---|---|---|---|
| Nippon India | 26,554 | 3.7% | +0.15 pts |
| ICICI Prudential | 10,793 | 1.0% | −0.13 pts |
| Motilal Oswal | 10,788 | 8.2% | +0.10 pts |
| Kotak Mahindra | 9,510 | 1.6% | −0.02 pts |
| Axis | 9,429 | 2.6% | +0.03 pts |
| SBI | 9,349 | 0.7% | −0.18 pts |
Nippon India added more than twice as much as anyone else and gained the most share. ICICI Prudential and SBI were second and sixth in rupees but still lost share, because 1.0% and 0.7% growth trails a 1.97% industry.
Who shrank
Nine houses had a lower average than in January–March, against 22 the quarter before. Only two lost more than ₹1,000 crore:
- Aditya Birla Sun Life: down ₹8,191 crore (1.9%), its second fall in a row
- Baroda BNP Paribas: down ₹1,459 crore (2.7%)
The other seven, including The Wealth Company (down 7.6%) and Shriram (down 7.5%), lost less than ₹150 crore each.
Over the year
From April–June 2025 the industry grew 15.26%. Two houses that were well below ₹10,000 crore a year ago are now above it: Helios (₹4,131 crore then) and Zerodha (₹6,292 crore). WhiteOak Capital has grown 84.3%, from ₹20,286 crore to ₹37,392 crore. Among the large houses, PPFAS grew 38.5% and Motilal Oswal 36.7% over the twelve months.
What this does not tell you
Growth mixes money and markets. The Nifty Smallcap 250's average close rose 6.54% from January–March to April–June while the Nifty 50's fell 4.75%, so a house heavy in small- and mid-cap funds got more help from prices than one heavy in large-cap funds. These figures cannot separate inflows from price moves.
Averages lag. A quarter's average catches only part of money that arrived late in it.
Growth is not a recommendation. Inflows say nothing about the returns that follow.
Where to go from here
For the full league table, see the largest fund houses in April–June 2026, and for the quarter before, the fastest-growing fund houses of January–March. The pages for WhiteOak Capital and Motilal Oswal show two of the quarter's growers.
Frequently asked questions
Which mutual fund house grew fastest in April–June 2026?
Among houses managing at least ₹10,000 crore, Helios Mutual Fund grew fastest: its average AUM rose 18.1%, from ₹9,401 crore in January–March 2026 to ₹11,103 crore in April–June 2026. WhiteOak Capital (13.2%) and Zerodha (11.5%) were next.
Which fund house added the most assets in April–June 2026?
Nippon India, whose average AUM rose ₹26,554 crore (3.7%) to ₹7,51,519 crore. ICICI Prudential (₹10,793 crore) and Motilal Oswal (₹10,788 crore) were next. The industry as a whole added ₹1,60,501 crore, a rise of 1.97%.
Which fund houses shrank in April–June 2026?
Nine of the 51 houses with a figure had a lower average AUM than in January–March 2026. The largest fall was Aditya Birla Sun Life's, ₹8,191 crore or 1.9%, followed by Baroda BNP Paribas (₹1,459 crore, 2.7%).
This is commentary on published data, not investment advice. WealthTicker is not a SEBI-registered adviser or distributor. Figures are as of the dates stated and can be revised by their source.
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