From SBI AMC to HDFC AMC: Top 7 Asset Management Companies in India

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What's AMC?

Asset management company is a company that takes funds from the investors and invests it into different investment options such as equities, debt, real estate, gold etc [{ "selector": ".bfixj-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 463px))", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }, { "selector": ".sflws-a", "duration": "1000ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }]

Top 7 AMCs in India

The ACE MF data by Fisdom’s ‘Mutual Fund Fact Book’ for April 2023 has listed the top 7 mutual fund AMCs in India by assets under management (AUM) [{ "selector": ".cebcz-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 469px))", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }, { "selector": ".emnrd-a", "duration": "1000ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }]

SBI AMC

SBI AMC had a total AUM of Rs 7,02,166 crore till March 31, 2023. Founded in 1987, SBI AMC is a joint venture between the State Bank of India (SBI) and the AMUNDI [{ "selector": ".rnjgw-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 457px))", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }, { "selector": ".uspki-a", "duration": "1000ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }]

ICICI Prudential AMC

ICICI Prudential AMC had a total AUM of Rs 5,09,896 crore till March 31, 2023. Founded in 1998, ICICI Prudential AMC is a joint venture between ICICI Bank and Prudential Plc [{ "selector": ".skbfm-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 457px))", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }, { "selector": ".pulnq-a", "duration": "1000ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }]

HDFC AMC

HDFC AMC had a total AUM of Rs 4,37,876 crore till March 31, 2023. Founded in 1999, HDFC AMC is a joint venture between the Housing Development Finance Corporation Limited (HDFC) and Standard Life Investments Limited [{ "selector": ".rwnsu-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 437px))", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }, { "selector": ".arbgc-a", "duration": "1000ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }]

Nippon Life India AMC

Nippon Life India AMC had a total AUM of Rs 2,88,042 crore till March 31, 2023. The fund provides exchange-traded funds, retirement funds, and mutual fund schemes [{ "selector": ".qxwdm-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 457px))", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }, { "selector": ".xoatm-a", "duration": "1000ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }]

Kotak Mahindra AMC

Kotak Mahindra AMC had a total AUM of Rs 2,84,284 crore till March 31, 2023. Established in 1985 by Mr Uday Kotak, it was the first Indian non-banking financial company to be given a banking licence by the Reserve Bank of India in February 2003 [{ "selector": ".tinli-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 426px))", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }, { "selector": ".qmitg-a", "duration": "1000ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }]

Axis AMC

Axis AMC had a total AUM of Rs 2,28,261 crore till March 31, 2023. Axis Mutual Fund launched its first scheme in October 2009 [{ "selector": ".ixjuq-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 476px))", "opacity": "1"}, {"offset": 1, "transform": "translateY(0)", "opacity": "1"} ] }, { "selector": ".prasw-a", "duration": "1000ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }]

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