Top Asset Management Companies in India

Having a financial advisor manage your finances is undoubtedly a wise decision. If you are unfamiliar with the principles and operations of the stock market, this is especially important. In these situations, an Asset Management Company (AMC), also known as a mutual fund investing corporation, can step in to help.

Mutual Funds Asset management companies, or AMCs for short, invest the money of their clients in a number of various types of assets.

Asset Management Company (AMC)

An asset management company (AMC) is a business that makes financial investments in businesses that use those investments as financial investments, operational investments, or any other kind of investments to increase the value of the investment. These investments can be made with cash and money from investors, businesses, or other AMC.

The actual investor receives the returns after that, with a tiny percentage being held back for AMC costs. These companies are referred to as fund houses, money managers, and money management corporations.

Several funds with different investment and financial goals may be managed by an AMC company. These are managed by fund managers, who also establish the financial and investing objectives, evaluate the risk and reward profile, and finally select an investment strategy.

Meaning of AUM (Assets Under Management)

Assets Under Management (AUM) is the market value of all investments or assets held by a mutual fund, hedge fund, wealth management company, portfolio manager, or other financial services company. To put it another way, assets under management relate to the total amount of money that a person or organisation controls.

In some circumstances, the term "assets under management" refers to the entire amount of assets that a company manages on behalf of all of its clients. Assets Under Management, or AUM for short, refers to the total market value of assets that are handled for certain clients.

In simple words, Assets under management (AUM) refers to the total value of investments that a financial institution, such as a bank or investment company, manages on behalf of its clients. This can include stocks, bonds, real estate, and other types of assets.

List of Top Asset Management Companies in India 2023

Overview of the Top AMCs in India

1. SBI Mutual Fund

The SBI Mutual Fund was established in 1987 as a joint venture between the State Bank of India (SBI) and the AMUNDI. The fund house offers top-notch service and solutions to all of its investors by utilising SBI's enormous distribution network and AMUNDI's expertise in fund management.

The fund company offers a large variety of local mutual fund schemes in the equity, debt, and balanced categories in addition to offshore funds.

SBI Mutual Fund wants to establish itself as the trustworthy and esteemed asset manager. The major objective of the fund house is to outperform the benchmark through active portfolio management for clients and research-backed investments in Indian stocks.

It has established itself as a Top AMC in India since its founding and is also referred to as the country's biggest mutual fund.

2. ICICI Prudential Mutual Fund

The ICICI Prudential Mutual Fund was established in 1998 as a joint venture (JV) between ICICI Bank and Prudential Plc. The fund house benefits from the substantial financial expertise and understanding of its sponsoring and parent firms. It is one of the most successful and established mutual funds. The best AMC in India is generally acknowledged to be ICICI Prudential.

It has benefited from an excellent synergy of investing expertise, resource capability, and process emphasis to become one of the top AMCs in India.

Along with exchange-traded funds and solution-oriented schemes, it offers a broad range of mutual fund schemes in the equity, debt, and hybrid categories.

The fund company strives to provide its investors with a satisfying investing experience that will facilitate wealth accumulation.

3. HDFC Mutual Fund

The HDFC Mutual Fund  was established in 1999 as a joint venture between the Housing Development Finance Corporation Limited (HDFC) and Standard Life Investments Limited.

The fund house has developed into one of India's biggest and most successful mutual fund managers thanks to specialised and widely accessible investment products, methodical transactions, impressively reliable administration, and a broad distribution network.

It offers a broad variety of mutual fund schemes in the equity, debt, and hybrid categories in addition to fund of fund schemes and exchange-traded funds.

To enable investors to make investments without being concerned about market volatility, the organisation seeks to provide profitable investment possibilities. It is also referred to as India's best asset management firm.

4. Nippon India Mutual Fund

Nippon India Mutual Fund was established in 1995 with the goal of introducing fund schemes that would enable investors to invest in various things. In terms of AUM, it is the biggest and fastest-growing AMC in India.

The fund house offers a broad range of mutual fund schemes, exchange-traded funds, and retirement funds in the debt, equity, and balanced categories.

It aims to develop into a reputable wealth creator on a global scale by placing a strong emphasis on customer service and fostering a culture of good corporate governance.

Innovative product offers and customer service initiatives are only a few of its efforts to add value for investors. Nippon India is regarded as the top asset management firm in India as a result.

5. Kotak Mahindra Mutual Fund

Kotak Mahindra Mutual Fund was established in 1998 to offer mutual funds that cater to the requirements of investors with various risk-return profiles. It began modestly but has grown to become one of India's leading AMCs.

Due to its outstanding array of investment products across all asset classes, the fund house has generated numerous investor folios. It offers a large selection of mutual fund schemes in the equity, debt, and hybrid categories, in addition to fund of fund schemes and exchange-traded funds. Additionally, in order to guarantee client pleasure, the fund company strives to continually surpass the benchmark across all of its products.

In the Indian mutual fund market, it also aspires to be a moral rival. It is therefore considered to be a crucial industry participant and has consistently ranked among the Top 10 AMC in India 2023.

6. Aditya Birla Sun Life Mutual Fund

In 1994, the Sun Life Mutual Fund was established as a result of a joint venture between the Aditya Birla Group and Sun Life Financial Inc. of Canada. It has since grown to become one of India's biggest AMCs.

A fantastic blend of extensive reach, cutting-edge product choices, and dependable investment performance has helped the fund house generate many investor folios.

The fund house offers a large variety of offshore funds, fund of fund schemes, and equity, debt, and balanced mutual fund options.

7. Axis Mutual Fund

With a strong emphasis on risk management and planning, Axis Mutual Fund offers excellent financial and investing solutions. This has been a key component in assisting the fund house create a sizeable number of investor folios.

Among its smart products are a variety of mutual fund schemes that include the equity, debt, and hybrid categories as well as fund-of-fund schemes and special circumstance funds.

Axis Mutual Fund has extended its reach further across the nation thanks to customer-focused service, an easier digital investing process, and the best fund offerings.

8. UTI Mutual Fund

UTI Mutual Fund was established in 2003 to provide investors with opportunities to participate in the capital market and increase their wealth. The fund company has become one of India's top AMCs, thanks to best practises established by the industry, a long-term view, and a solid business plan.

It offers a variety of investment opportunities, including venture funds, alternative investment funds, venture capital, foreign business, retirement solutions, and domestic mutual funds.

While maintaining its position as the most popular mutual fund, the fund house aims to offer best-in-class services that centre on national progress.

9. Bandhan Mutual Fund

Bandhan Mutual Fund (formerly IDFC Mutual Fund) is one of the largest Mutual Fund companies in the country in terms of Asset Under Management (AUM).

It was established on March 13, 2000. Ms Veena Mankar serves as Chairman and Mr Vishal Kapoor serves as CEO/MD on its executive team.

The Bandhan Mutual Fund, which also includes Bandhan Financial Holdings Limited, GIC, and ChrysCapital, purchased IDFC Asset Management Company. Note that Bandhan controls operations and owns 60% of the acquired company. Each of the remaining two will own 20% of the Asset Management Company.

The fund firm offers a large variety of mutual fund schemes and has a strong research division.

10. DSP Mutual Fund

DSP Mutual Fund was established in 1996 as a joint venture between Merrill Lynch Investment Managers and DSP Merrill Lynch Ltd. Since its founding, the fund company has grown into one of India's leading AMCs.

It offers a large selection of mutual fund schemes in the equity, debt, and hybrid categories in addition to global funds of funds, exchange-traded funds, and close-ended funds.

Because of its commitment to placing its clients' needs first and its concentration on producing exceptional performance, the fund firm has been able to develop a sizable number of investor folios.

Conclusion

The Top 10 AMCs in India were listed above. Hope that this post has given you a clearer understanding of the significance and operation of these leading AMC in India.

Prior to investing in any Mutual Fund, it is crucial to thoroughly research it because rash selections could cause you to experience the negative aspects of investing.

So make sure you have all of your facts straight and a thorough comprehension of everything necessary if you want to become a lead participant in the investing game.