Top 10 AMCs in India 2024
An Asset Management Company (AMC) is a financial institution that invests pooled funds from its clients into various assets like stocks, bonds, real estate, and other securities. They essentially act as professional money managers, aiming to generate optimal returns for their clients while diversifying their investments to manage risk.
Here’s a breakdown of what AMCs do:
Pooling funds
Individual investors contribute their capital to the AMC, creating a larger pool of money. This allows for greater diversification and access to investment opportunities that might be out of reach for individual investors.
Investment strategies
AMCs employ professional fund managers who research and analyze the market to make informed investment decisions based on their client’s risk tolerance and investment goals. They develop and implement various investment strategies like value investing, growth investing, or income investing.
Diversification
By investing in a variety of assets across different sectors and asset classes, AMCs mitigate risk and protect their clients’ investments from market fluctuations. This is a key advantage compared to investing in individual stocks or bonds.
Fee structure
AMCs charge fees for their services, typically a percentage of the assets under management (AUM). These fees can vary depending on the type of fund and the AMC’s performance.
Types of investment vehicles: AMCs offer a variety of investment vehicles to cater to different needs and risk appetites. These include:
- Mutual funds: Open-ended investment funds that pool money from multiple investors and invest in a basket of securities.
- Index funds: Passively track a specific market index, offering broad market exposure with low fees.
- Exchange-traded funds (ETFs): Similar to mutual funds, but trade on exchanges like stocks.
- Hedge funds: Employ complex investment strategies and often use leverage to achieve higher returns, but come with higher fees and risks.
| Rank | AMC Name | Assets Under Management (AUM) in Crores |
| 1 | SBI Mutual Fund | 7,00,990.72 |
| 2 | ICICI Prudential Mutual Fund | 5,09,588.31 |
| 3 | HDFC Mutual Fund | 4,37,876.34 |
| 4 | Nippon India Mutual Fund | 2,87,827.85 |
| 5 | Kotak Mahindra Mutual Fund | 2,30,951.09 |
| 6 | Axis Mutual Fund | 2,03,105.57 |
| 7 | Aditya Birla Sun Life Mutual Fund | 1,90,150.81 |
| 8 | UTI Mutual Fund | 1,66,608.57 |
| 9 | Bandhan Mutual Fund | 1,65,582.87 |
| 10 | Invesco Mutual Fund | 1,46,570.82 |
SBI Mutual Fund
State Bank of India Mutual Fund (SBI MF), established in 1987, is a titan of the Indian mutual fund industry. Backed by the vast network and financial strength of the State Bank of India (SBI), SBI MF boasts a staggering ₹700,990 crore in assets under management (AUM) as of December 31, 2023. This makes it the undisputed leader in the Indian mutual fund market, offering a diverse range of schemes across equity, debt, hybrid, and solution-oriented categories.
ICICI Prudential Mutual Fund
ICICI Prudential Mutual Fund (ICICI Prudential AMC) is a leading asset management company in India, established in 1993. It is a joint venture between ICICI Bank, India’s largest private sector bank, and Prudential Plc, a leading global financial services group. ICICI Prudential AMC is known for its consistent performance, strong risk management, and active fund management.
HDFC Mutual Fund
HDFC Mutual Fund, established in 2000, wears a crown of stability and innovation, perched firmly amongst India’s top AMCs. With an impressive ₹437,876 crores in assets under management (AUM), it caters to investors of all stripes, offering a diversified range of schemes across Equity, Debt, Hybrid, and Index categories.
Nippon India Mutual Fund (NIMF)
Nippon India Mutual Fund (NIMF) holds a prominent position in India’s financial landscape, boasting a rich history and a diverse product portfolio. Established in 1964 as UTI, it inherited a legacy of trust and expertise, later evolving into Nippon India in 2019.Today, NIMF manages over ₹287,827 crores in assets, serving over 1.3 crore investors
Kotak Mahindra Mutual Fund
Established in 1995, Kotak Mahindra Mutual Fund (KM MF) is known for its innovative approach and focus on thematic and sector-specific funds. They manage over ₹239,529 crores in assets and are particularly popular for their balanced funds offering steady returns.
Axis Mutual Fund
Launched in 2004, Axis Mutual Fund (AMF) is a dynamic player known for its aggressive investment strategies. They have a strong presence in small-cap funds and hybrid funds that provide growth with stability. Their assets under management stand at over ₹207,068 crores.
Aditya Birla Sun Life Mutual Fund
Backed by the Aditya Birla Group, this fund house was established in 1994 and manages over ₹127,256 crores. They are known for their value-oriented equity funds and tax-saving plans offering attractive benefits.
UTI Mutual Fund
Formerly known as Unit Trust of India, UTI MF was established in 1964 and is one of the oldest mutual funds in India. They are known for their diversified equity offerings across sectors and reliable debt funds for income generation. Their assets under management are over ₹287,827 crores.
Bandhan Mutual Fund (BMF)
Bandhan Mutual Fund (BMF) is a relatively new entrant in the Indian mutual fund industry, having received its SEBI license in 2019. However, it comes with a pedigree unlike any other, backed by the Bandhan-Kalyanpur Group, a behemoth in the microfinance sector with over 6 crore customers and an outstanding loan portfolio exceeding ₹1 lakh crore.
Invesco Mutual Fund
Renowned for its global investment expertise, Invesco Mutual Fund (IMF) was established in 1990 and manages over ₹119,540 crores. They offer international funds for diversification and cater to various risk profiles through their equity offerings.