If you are not familiar with the functions and workings of the stock market, then it is better to have a financial expert who can guide you and invest on your behalf. These companies manage your assets, known as asset management company (AMC). They are also known as Mutual Fund Investment corporations, which invest client’s money in various asset classes and securities. In this blog, we will learn about some of the top Asset Management Companies in India.Â
What is the meaning of AMC (Asset Management Company)?
Asset Management Company (AMC) is a company that invests in different financial assets and funds of investors and companies to produce good returns and grow the investments. They charge small fee for the return on investment. These companies keep experts who manage the investment goals of their clients, manage risk, and implement smarter investment strategies to target higher returns and growth.
Asset Management Company: Key Takeaways
Check out some of the important facts about AMC (Asset Management Company) below.
- Asset management companies invest in different financial assets and funds to produce good returns on investments made by investors or companies.
- They employ skilled professionals such as fund managers, analyst experts, and researchers who implement smart investment strategies, make informed decisions and manage risks.
- AMC invests the assets over various types of assets in the market, such as stocks, bonds, real estate, commodities, etc to reduce the overall risk and produce higher returns.
- Their main objective is to grow investment along with proper risk management.
List of Top Asset Management CompaniesÂ
Check some of the top asset management companies based on average Assets under Management (AUM) in the table below.
| Asset Management Company List | |
| AMC Name | Asset ( in Crores) |
| SBI Funds Management Ltd | 9,24,401.09 |
| ICICI Prudential Asset Management Company Limited | 7,45,073.78 |
| HDFC Asset Management Co Ltd | 6,15,416.23 |
| Nippon Life India Asset Management Ltd | 4,39,323.17 |
| Kotak Mahindra Asset Management Co Ltd | 4,00,943.86 |
| Aditya Birla Sun Life AMC Ltd | 3,42,544.58 |
| Axis Asset Management Company Limited | 2,72,563.17 |
| UTI Asset Management Co Ltd | 2,69,940.77 |
| Mirae Asset Investment Managers (India) Private Ltd | 1,62,220.81 |
| Edelweiss Asset Management Limited | 1,49,029.45 |
| DSP Asset Managers Private Limited | 1,36,676.59 |
| Tata Asset Management Limited | 1,35,976.14 |
| Bandhan Asset Management Company Limited | 1,34,979.70 |
| HSBC Asset Management(India)Private Ltd | 1,12,932.87 |
| Canara Robeco Asset Management Co. Ltd. | 93,735.87 |
| Franklin Templeton Asst Mgmt(IND)Pvt Ltd | 91,403.38 |
| Invesco Asset Management (India) Private Ltd | 83,117.54 |
| PPFAS Asset Management Pvt. Ltd | 68,391.22 |
| Quant Money Managers Limited | 65,942.93 |
| Sundaram Asset Management Company Ltd | 57,132.82 |
| Motilal Oswal Asset Management Co. Ltd | 54,354.67 |
| Baroda BNP Paribas Asset Management India Pvt. Ltd. | 39,318.05 |
| PGIM India Asset Management Private Limited | 27,374.10 |
| LIC Mutual Fund Asset Management Limited | 26,102.86 |
| Mahindra Manulife Investment Management Pvt. Ltd. | 19,789.55 |
| Union Asset Management Co. Pvt. Ltd. | 17,974.23 |
| JM Financial Asset Management Limited | 16,126.65 |
| Bajaj Finserv Asset Management Limited | 9,620.80 |
| 360 ONE Asset Management Limited | 9,580.33 |
| WhiteOak Capital Asset Management Limited | 8,766.21 |
| Bank of India Investment Managers Private Limited | 7,075.32 |
| ITI Asset Management Limited | 6,793.27 |
| NJ Asset Management Private Limited | 5,743.71 |
| Navi AMC Limited | 5,386.20 |
| DSP Asset Managers Private Limited | 3,241.25 |
| Quantum Asset Management Co Pvt. Ltd. | 2,757.33 |
| Samco Asset Management Pvt Ltd | 2,193.80 |
| IDBI Asset Management Limited | 1,136.81 |
| Zerodha Asset Management Private Limited | 1,064.43 |
| Trust Asset Management Private Limited | 991.86 |
Top Asset Management Companies in India 2024
Many asset management companies are present in India that manage the assets of investors and other companies. Some of the popular asset management companies are highlighted below.
1. SBI Mutual Fund
The SBI Mutual Fund was founded in 1987 as a venture between the State Bank of India and AMUNDI, the leading European asset manager. It consists of a wide distribution network and the capacity of AMUNDI to provide best-class services. It offers 111 different schemes, such as equity, debt, hybrid funds, etc. They invest money to buy stocks, bonds, and other investments to grow money.
2. ICICI Prudential Mutual Fund
It is an Indian Asset Management Company founded as a joint venture between ICICI Bank and Prudential plc in 1993. It is considered the second largest asset management company after the SBI Mutual Fund.Â
It manages different assets in the mutual fund segment in equity, debt and hybrid categories across different asset classes in India. They also provide portfolio management services aimed at higher returns and proper risk management, real estate business, etc.Â
3. HDFC Mutual Fund
HDFC Mutual Fund was established in 1999 as a joint venture between HDFC and Standard Life Investments Limited (SLI). It provides a vast distribution network, and diverse investment products, making it India’s largest and most popular asset management company. It also provides a variety of mutual fund schemes such as equity, hybrid, and debt categories.Â
4. Nippon Indian Mutual Fund
Nippon Indian Mutual Fund provides a variety of investment schemes, such as equity, debt, hybrid and more, which provides investors with a variety of options and means they need not worry about market volatility. It is one of the fastest-growing asset management companies in India. The main objective is to provide value to investors and offer innovative customer service programs in India. It is considered to be one of the best asset management company in India.
5. Kotak Mahindra Bank Mutual Fund
Kotak Mahindra provides mutual fund and portfolio management services under the guidelines of SEBI regulations. They provide a variety of investment products across different asset classes to manage risks and get higher growth on investments. The firm always works toward giving the best customer satisfaction by managing investment risks by investing in different mutual fund schemes such as equity, debt and hybrid categories.Â
6. Aditya Birla Sun Life Mutual Fund
This asset management company was founded as a venture between Aditya Birla Group and Sun Life Financial Firm in the year 1994 and came to be known as Aditya Birla Sun Life Mutual Fund. It ranks among the top 10 best asset management companies in India. It provides various investment schemes in equity, debts and other hybrid categories, stock and securities, and portfolio management services. The Aditya Birla Sun Life Mid cap direct fund has given 25.87% annual returns over the past three-year term.
7. Axis Mutual FundÂ
It is one of the largest mutual funds in India backed by Axis Bank. The Axis Mutual Fund’s annualized returns over the past five years have been around 6%. It provides different investments in equity, fixed income, real estate, multi-state solutions, etc. It also provides various other services such as portfolio management services, alternative investment funds, and investment advisories, to investors.
8. UTI Mutual Fund
It is one of the oldest mutual fund companies in India, founded by the Government of India in 1963 with more than 200 domestic schemes. It consists of a wide distribution network across the country. It is one of India’s top asset management companies, providing asset management in the capital market. It provides services such as portfolio management, internal business retirement solutions, alternative investment funds and more.Â
9. Bandhan Mutual Fund
It is one of India’s top 10 leading asset management companies helping people achieve the best investment solutions, covering assets such as equity, debts, and fixed income. It was formerly known as IDFC Mutual Fund and was acquired by Bandhan Mutual Fund. This is one of the leading fund houses, providing a wide selection of mutual fund schemes such as equity, debt and other hybrid categories.Â
10. DSP Mutual Fund Â
DSP Mutual Fund was established as a venture between DSP Merill Lynch Ltd. and Merrill Lynch Investment Managers in the year 1996. It provides a wide selection of mutual fund schemes in equity, debt and hybrid categories, including international funds of funds, exchange-traded funds, close-ended funds and more. It also provides various portfolio management services and has established a large base of investors across the country. Their main objective is customer satisfaction by providing outstanding services.Â
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Asset Management Company FAQs
What is the role of an asset management company?
Asset Management Company (AMC) is a company that invests in different financial assets and funds of investors and companies to produce good returns and grow the investments.
What are some of the top asset management companies in India?
Some of the top asset management companies are SBI Mutual Fund, ICICI Prudential Mutual Fund, HDFC Mutual Fund, Kotak Mahindra bank mutual fund, etc. Check the list in the article.
Which is the No. 1 AMC in India?
SBI Mutual Fund is one of the largest asset management companies in India in terms of average Asset Under Management (AUM).
Which is the fastest growing AMC?
Nippon Life AMC emerged as one of the fastest-growing AMCs in the country in the past 3 years.
