List of Top Asset Management Companies in India
An Asset Management Company (AMC) manages a pool of funds collected from investors. Investors prefer to invest their money with AMC due to the level of diversification, the skill of the investment manager offered, along with other professional services.
AMC’s attract investors who either do not possess much knowledge of the markets and would benefit from an investment manager or those who would rather allocate their precious time elsewhere. A small retail investor will be able to invest in very few stocks with the limited savings he has.
By doing so he exposes himself to the additional risk if the shares of the company he invested in make a loss. In products offered by the AMC’s the huge pool of funds collected from investors is invested in a huge number of stocks protecting its investors from the losses of focused investment.
AMCs designs various products to suit the needs of different investors. They create portfolios that suit the different risk appetites, tenure, tax benefits, etc. that the investors look for.
In this post, we’re going to look into the biggest AMCs in India for 2022. We’ll also cover the Asset Under Management (AUM) size, the total number of funds, and more important pieces of information related to these AMCs. Let’s get started.
10 Best Asset Management Companies (AMC’s) in India
The following are the list of Indian AMCs with the largest Assets Under Management (AUM).
1. SBI Mutual Fund
| AUM (Rs. Cr.) | Number of Funds |
| 647,474 | 144 |
The SBI mutual fund was founded in 1987. At its inception, the MF was fully owned by the State Bank of India (SBI) a public sector bank. In 2004 SBI disinvested a 37% stake from its mutual funds which was taken up by global leaders Societe Generale Asset Management.
In 2011 the stake held by Societe General was taken up by Amundi as part of a global movement to merge its asset management business with Crédit Agricole. SBI Mutual Fund is currently a joint venture between SBI and Amundi of France.
2. ICICI Prudential Asset Management Company
| AUM (Rs. Crores) | Number of Funds |
| 465,520 | 117 |
ICICI Prudential Mutual Fund was established in 1993 with 2 locations and 6 employees at the inception of the joint venture in 1998, to a current strength of more than 1000 employees with around 120 locations.
Due to its substantial growth, it currently boasts more than 4 million investors. The AMC is a joint venture between ICICI Bank in India and Prudential Plc, one of the largest players in the financial services sectors in the UK.
3. HDFC Asset Management Company
| AUM (Rs. Cr.) | Number of Funds |
| 415,306 | 61 |
The Housing Development Finance Corporation Bank provides mutual fund services through its subsidiary HDFC Asset Management Company Limited. One of the leading AMCs in India, HDFC formed this Mutual fund company with Standard Life Investments and holds . 57.4% of its shares.
4. Birla Sun Life Mutual Fund (BSLMF)
| AUM (in crores) | Number of Funds |
| 281,527 | 107 |
The Birla Sun Life Mutual fund was established in 1994 as a joint venture between Aditya Birla Capital Limited and Sun Life Financial Inc (a Canadian insurance provider founded in 1865)
5. Kotak Mahindra Asset Management Company
| AUM (Rs. Cr.) | Number of Funds |
| 282,002 | 68 |
Kotak Mahindra Asset Management Company (KMAMC) started its operation in 1998. The Kotak Mahindra AMC is one of the few wholly-owned subsidiaries among the top AMCs. It is a subsidiary of Kotak Mahindra Bank Limited (KMBL) and boasts an investor base of above 1.7 million investors.
6. Nippon India Asset Management Company
| AUM (Rs. Cr.) | Number of Funds |
| 279,431 | 102 |
Nippon India AMC, earlier known as Reliance Asset Management Limited was founded by the late Dhirubhai Ambani and is one of the most popular AMCs in India. It was later run in a joint partnership with Nippon Life Insurance from Japan.
In 2019 Nippon Life Insurance went on to own a 75% stake in the mutual fund allowing Anil Ambani-owned Reliance to exit the Mutual fund industry. After this, it came to be known as Nippon India Asset Management Company
7. Axis Asset Management Company
| AUM (Rs. Cr.) | Number of Funds |
| 245,510 | 59 |
Axis Asset Management Company was launched in the year 2009. It is a joint venture between Axis Bank and Schroder Singapore Holdings Private Limited.
8. UTI Mutual Fund
| AUM (Rs. Cr.) | Number of Funds |
| 224,279 | 66 |
UTI Asset Management is India’s oldest and largest mutual fund management company. The mutual fund industry in India originally began in 1963 with the Unit Trust of India (UTI). For a period it was the only source of mutual fund investment for Indian citizens in the 90s. UTI Mutual Fund is a Government of India and the Reserve Bank of India initiative.
9. IDFC Asset Management Company
| AUM (Rs. Cr.) | Number of Funds |
| 116,908 | 45 |
IDFC Asset Management Company is one of the leading AMCs in India since its inception in 2000. It forms a part of Infrastructure Development Finance Company Limited a finance company based in India.
10. DSP Mutual Fund
| AUM (Rs. Cr.) | Number of Funds |
| 106,647 | 49 |
DSP BlackRock (DSPBR) is a mutual fund created by DSP Group and BlackRock Inc. DSP is a 150-year-old Indian financial firm. BlackRock Inc., on the other hand, is the world’s largest publicly traded alternative investment management company.
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