Top 10 Asset Management Company in India

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Here you can see the List of Top Asset Management Company in India based on asset under Management [AUM]. The Total Size of all Asset Under Management [AMC] is Rs 22.3 Lakh Crore in India. This Amount Comes around 10% of GDP in India.

Top Asset Management Company in India

So Here is the List of Top Asset Management Company in India which are sorted out based on Asset Under management [AUM].

1. SBI Funds Management Pvt. Ltd. (SBIFMPL)

With 30 years of rich experience in fund management, SBI Funds Management Pvt. Ltd. (SBIFMPL) bring forward our expertise by consistently delivering value to our investors.

The AMC has strong and proud lineage that traces back to the State Bank of India (SBI) – India’s largest bank. The Company is a Joint Venture between SBI and AMUNDI (France), one of the world’s leading fund management companies.

  • Asset Under Management [AUM]: Rs 4,20,500 Cr
  • Total Number of Schemes: 137

A shareholder agreement in this regard has been entered on April 13, 2011 between SBI & AMUNDI Asset Management.

Accordingly, SBI currently holds 63% stake in SBIFMPL and the 37% stake is held by AMUNDI Asset Management through a wholly owned subsidiary, Amundi India Holding. Initially this 37% holding was held by Societe Generale Asset Management S.A. (“SGAM”), a subsidiary of Societe Generale S.A (“SG”) which was transferred to Amundi in June 2011 with due approval of SEBI pursuant to SEBI (Mutual Funds) Regulations, 1996.

AMUNDI Asset Management shall provide strategic support to the Company. SBI & AMUNDI Asset Management shall jointly develop the Company as an asset management company of international repute by adopting global best practices and maintaining international standards.

2. HDFC Asset Management Company Ltd

HDFC Asset Management Company Ltd is one of India’s largest and most profitable mutual fund manager with ₹3.2trillion in assets under management. Started in 1999, we were set up as a joint venture between Housing Development Finance Corporation Limited (“HDFC”) and Standard Life Investments Limited (“SLI”).

During FY18-19 The Company carried out an initial public offering, and became a publicly listed company in August 2018. Currently, 20% of the company is owned by the public. HDFC Asset Management Company (“HDFC AMC”) is the investment manager to the schemes of HDFC Mutual Fund (“HDFC MF”).

  • Asset Under Management [AUM]: Rs 3,65,518 Cr
  • Total Number of Schemes: 100

The Company has large retail and institutional customer base of 9.4 million live accounts. HDFC Mutual Fund has customers and distribution partners in over 200 cities through our network of 221 branches and 1,194 employees.

3. ICICI Prudential Trust Limited

ICICI Prudential Trust Limited (‘the Company’) was incorporated on June 22, 1993. The principal shareholders of the Company are ICICI Bank Limited (51%) (‘the Holding Company’) and Prudential Corporation Holdings Limited (49%).

  • Asset Under Management [AUM]: Rs 3,64,300 Cr
  • Total Number of Schemes: 180

The Company’s principal activity is to act as a trustee to ICICI Prudential Mutual Fund (‘the Fund’) and ICICI Prudential Venture Capital Fund – Real Estate Scheme-I. The company is ceaselessly working to enhance the appeal of mutual funds across a wider set of investors and advisors across India.

The AMC provides sector specific equity schemes, fund of fund schemes, hybrid and monthly income funds, debt and treasury products and offshore funds. Delivering a wide range of money solutions for protecting, investing and financing, ICICI Mutual Fund serves millions of customers across the country.

4. Aditya Birla Sun Life Mutual Fund

Established in 1994, Aditya Birla Sun Life Mutual Fund, is co-sponsored by Aditya Birla Capital Limited (ABCL) and Sun Life (India) AMC Investments Inc. Having total assets under management (AUM) of Rs. 2,252 billion for the quarter ended June 30, 2017 Aditya Birla Sun Life Mutual Fund is the fourth largest Fund house in India based on domestic average AUM as published by AMFI.

An impressive mix of reach, a wide range of product offerings across equity, debt, balanced as well as structured asset classes and consistent investment performance, has helped the company garner over 4.29 million investor scheme accounts as of June 30, 2017.

  • Asset Under Management [AUM]: Rs 2,32,276 Cr
  • Total Number of Schemes: 143

With a far reaching network of 150 branches and other distribution channels, ABSLMF is committed to deepening mutual fund penetration in the country.

Aditya Birla Capital Limited (ABCL), the holding company, is a Universal Financial Solutions Provider and one of the largest financial services players in India. It is committed to serving the end-to-end financial needs of its retail and corporate customers under a unified brand — Aditya Birla Capital.

Delivering a wide range of money solutions for protecting, investing and financing, Aditya Birla Capital serves millions of customers across the country.

Apart from asset management, ABCL has a significant presence across several business sectors including NBFC, life insurance, health insurance, housing finance, private equity, general insurance broking, wealth management, broking, online personal finance management and pension fund management. 

Aditya Birla Capital, through its subsidiaries and joint ventures, manages aggregate assets worth Rs. 2,613 billion and has a lending book of Rs. 411 billion as of June 30th, 2017.​

5. Nippon India Mutual Fund (NIMF)

Nippon India Mutual Fund (NIMF) is one of India’s leading mutual funds, with Average Assets Under Management (AAUM) of Rs 180060.69 Crores​​ ​(Apr 2020 – Jun 2020 QAAUM) and 91.19 lakhs folios (as on​ June​ 30, 2020​​).​

  • Asset Under Management [AUM]: Rs 1,99,273 Cr
  • Total Number of Schemes: 168

NIMF which is one of the fastest growing mutual funds in India, offers investors a well-rounded portfolio of products to meet varying investor requirements and has presence in 300​ cities (as on​ March 31, 2019​​) across the country. NIMF constantly endeavours to launch innovative products and customer service initiatives to increase value to investors.

Nippon India Mutual Fund (NIMF) has been established as a trust under the Indian Trusts Act, 1882. Nippon Life Insurance Company(NLI) is the Sponsor and Nippon Life India Trustee Ltd (NLITL) is the Trustee.

6. Kotak Mahindra Asset Management Company Limited (KMAMC)

Kotak Mahindra Asset Management Company Limited (KMAMC), a wholly owned subsidiary of Kotak Mahindra bank Limited (KMBL), is the Asset Manager for Kotak Mahindra Mutual Fund (KMMF).

  • Asset Under Management [AUM]: Rs 1,88,866 Cr
  • Total Number of Schemes: 84

KMAMC started operations in December 1998 and has approximately 21 Lac investors in various schemes.

KMMF offers schemes catering to investors with varying risk – return profiles and was the first fund house in the country to launch a dedicated gilt scheme investing only in government securities. The company is present in 82 cities and has 86 branches.

7. Axis Mutual Fund

Axis Mutual Fund launched its first scheme in October 2009 Since then Axis Mutual fund has grown strongly. We attribute our success thus far to our 3 founding principles – Long term wealth creation, Outside in (Customer) view and Long term relationship.

  • Asset Under Management [AUM]: Rs 1,54,030 Cr
  • Total Number of Schemes: 51

The Company has Over 60 lac active investor accounts and Presence in over 100 cities. A well rounded product suite that consists of more than 50 Schemes.

The history and track record in the mutual fund industry, strong brand recognition, distribution reach, performance and client relationships provide a platform for future growth.

8. UTI Asset Management Company Ltd.(UTI AMC)

The AMC is the seventh largest asset management company in India in terms of mutual fund QAAUM as of September 30, 2019, according to CRISIL. The Company is professionally managed company led by Board of Directors and a dedicated and experienced management team.

With more than 11 million Live Folios as of September 30, 2019, The client base accounts for 12.8% of the approximately 86 million folios that, according to CRISIL, are managed by the Indian mutual fund industry.

  • Asset Under Management [AUM]: Rs 1,51,286 Cr
  • Total Number of Schemes: 156

For purposes of the SEBI Mutual Fund Regulations, four sponsors are the State Bank of India (“SBI”), Life Insurance Corporation of India (“LIC”), Punjab National Bank (“PNB”) and Bank of Baroda (“BOB”) (collectively, the “Sponsors”), each of which has the Government of India as a majority shareholder. T. Rowe Price Group, Inc., a global asset management company, is other major shareholder (through its subsidiary T. Rowe Price International Ltd. (“TRP”)).

As of September 30, 2019, our distribution network includes 163 UTI Financial Centres (“UFCs”), 273 Business Development Associates (“BDAs”) and Chief Agents (“CAs”) (46 of whom operate Official Points of Acceptance (“OPAs”)) and 33 other OPAs, most of which are in each case located in B30 cities.

The Company has a national footprint and offer schemes through a diverse range of distribution channels. IFAs channel includes approximately 51,000 Independent Financial Advisors (“IFAs”) as of September 30, 2019.

9. IDFC Asset Management Company Limited

Established in 2000, The Company manage client investment assets of over Rs. 1 trillion (~USD 14bn) for over 1 million investor folios representing leading institutions, body corporates, family-offices and individual clients.

  • Asset Under Management [AUM]: Rs 1,11,600 Cr
  • Total Number of Schemes: 55

The AMC was promoted by IDFC Ltd, a widely held publicly listed company originally set up by the Government of India as India’s premier infrastructure finance company.

IDFC AMC is today one of India’s Top 10 asset managers by AUM, with a seasoned investment team and deep, on-the-ground presence across over 46 cities, and serving clients across over 280 towns in India.

10. DSP Mutual Fund

DSP Mutual Fund is one of the premier asset management companies in India, with over 20 years of track record of investment excellence. DSP Group is a 152 year old Indian financial firm.

  • Asset Under Management [AUM]: Rs 80,036 Cr
  • Total Number of Schemes: 63

The DSP Group, headed by Mr. Hemendra Kothari, is one of the oldest and most respected financial services firms in India.

The firm commenced its stock broking business in the 1860s and the family behind the group has been very influential in the growth and professionalization of capital markets and money management business in India.

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