Top AMCs (Asset Management Companies) in India

Asset Management Companies (AMCs) play an important role in helping individuals and institutions grow their wealth. They manage mutual funds, investment portfolios, and other financial products, offering professional expertise and access to a wide range of markets. In India, the mutual fund industry has seen rapid growth, with AMCs managing large volumes of assets across different categories. 
 

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Choosing a strong AMC can make a big difference to an investor’s success. In this article, we explore some of the top AMCs in India based on their reputation, asset size, and consistent performance. These companies offer a trusted platform for investors looking to build long-term wealth.

What is an AMC (Asset Management Company) in India?

An Asset Management Company (AMC) is a firm that manages money on behalf of individuals and institutions. In India, AMCs pool funds from investors and invest them across different asset classes like equities, bonds, gold, and real estate. Their main goal is to create wealth for investors while managing risks carefully. AMCs employ professional fund managers and research teams who make investment decisions based on detailed market analysis. 

They offer a range of financial products such as mutual funds, portfolio management services (PMS), and exchange-traded funds (ETFs). AMCs are regulated by the Securities and Exchange Board of India (SEBI) to ensure transparency and investor protection. By investing through an AMC, even small investors can access professionally managed portfolios, making it easier to diversify and grow their savings over time.

What is the Meaning of AUM (Assets Under Management)?

Assets Under Management (AUM) refers to the total market value of all the investments that an Asset Management Company (AMC) or a fund manager handles on behalf of investors. It includes investments across mutual funds, pension funds, and other financial products. AUM gives an idea of the size and strength of an AMC. A growing AUM often shows that more investors trust the company’s services. 

However, AUM alone does not guarantee good returns. Investors should also look at fund performance, management quality, and investment strategy. AUM is an important measure to understand how much money a company manages and how popular its investment products are among investors.

Overview of the Top AMCs in India

SBI Funds Management Ltd

SBI Mutual Fund was established in 1987, sponsored by the State Bank of India and managed jointly with AMUNDI Asset Management. It offers 81 primary schemes across equity, debt, hybrid, and others. SBI MF remains India’s largest AMC with ₹11,16,708 crore in AUM. Key schemes include SBI Nifty 50 ETF, SBI BSE Sensex ETF, and SBI Equity Hybrid Fund. SBI holds a 63% stake, and AMUNDI holds 37%.

ICICI Prudential Asset Management Company Ltd

Established in 1993, ICICI Prudential AMC is a joint venture between ICICI Bank and Prudential Plc. With ₹9,14,878 crore AUM, it stands as the second-largest AMC. It offers 125 schemes, including 83 equity funds and 26 debt schemes. Key funds include ICICI Prudential Bluechip Fund and ICICI Prudential Balanced Advantage Fund. The AMC has an extensive reach across 297 locations.

HDFC Asset Management Company Ltd

HDFC AMC, established in 1999, is one of the largest mutual fund houses, managing ₹7,93,714 crore in assets. The company was publicly listed in 2018. Offering 92 primary schemes, it has strong expertise in equity-oriented investments. Its major funds include HDFC Balanced Advantage Fund, HDFC Mid-Cap Opportunities Fund, and HDFC Flexi Cap Fund.

Nippon Life India Asset Management Ltd

Nippon India Mutual Fund, earlier known as Reliance Mutual Fund, is a top AMC with ₹5,73,674 crore in AUM. It offers 86 schemes, including 49 equity and 28 debt funds. It was the first mutual fund company listed on stock exchanges. Popular funds include Nippon India Small Cap Fund and CPSE ETF.

Kotak Mahindra Asset Management Com

Kotak Mutual Fund started its operations in 1998 and now manages ₹4,92,719 crore in assets. It offers 84 mutual fund schemes and holds 6.89% of the industry’s AUM. With a strong investor base and wide distributor network, its leading schemes cover equity, debt, hybrid, and ETF categories.

Aditya Birla Sun Life Asset Management Company Ltd

Aditya Birla Sun Life AMC, founded in 1994, is a joint venture between Aditya Birla Group and Sun Life Financial Inc. The AMC manages ₹3,85,000 crore in assets and offers 94 mutual fund schemes. Key schemes include ABSL Liquid Fund and ABSL Frontline Equity Fund. It has a strong presence across 300+ locations.

UTI Asset Management Company Ltd

UTI Mutual Fund, backed by institutions like LIC, SBI, and Punjab National Bank, has ₹3,52,592 crore in assets. Though formally established in 2003, its legacy dates back to the 1980s. It offers over 70 schemes, including UTI Nifty 50 ETF and UTI Flexi Cap Fund, and has over 1.22 crore investor folios.

Axis Asset Management Company Ltd

Axis Mutual Fund, a joint venture between Axis Bank and Schroder Singapore Holdings, manages ₹3,27,278 crore in AUM. It offers 66 mutual fund schemes, serving over 1.26 crore investors across 100+ cities. Key funds include Axis ELSS Tax Saver Fund, Axis Bluechip Fund, and Axis Midcap Fund.

Mirae Asset Investment Managers (India) Pvt. Ltd.

Mirae Asset Mutual Fund is part of the global Mirae Asset Group based in South Korea. In India, the AMC manages ₹1,98,338 crore in AUM, offering 67 schemes across equity, debt, and hybrid categories. Top schemes include Mirae Asset Large Cap Fund and Mirae Asset Emerging Bluechip Fund.

DSP Investment Managers Pvt. Ltd.

DSP Mutual Fund has its roots in the 1860s and became independent after parting ways with BlackRock in 2018. As of December 2024, it manages ₹1,92,788 crore in assets. It offers 66 schemes, with a strong focus on equity and mid-cap investments. Key funds include DSP Midcap Fund and DSP ELSS Tax Saver Fund.

Performance table for Top AMCs in India

Conclusion

As the Indian financial environment continues to change, the top AMCs in India are set to play a vital role in shaping investment plans and unlocking economic growth chances for investors. With their vast knowledge, robust investment frameworks, and dedication to providing better results, these AMCs offer investors a doorway to various investment opportunities. By tapping the resources and expertise of these top financial institutions, investors can easily manage the market's challenges, reduce risks, and take chances for long-term wealth building.