In this post you are going to know about top 10 biggest amc companies in india as per their asset under management size(Rs. Crore). Here we have given you 3 Quarter data for your information.
What is AMC Company
AMC means Asset management company. here these companies manage public funds to generate good return for them. All AMC companies invest the public money in Debt fund, Equity Fund, Overnight Fund and many more funds as required by the public demand. In India their are more than 20 AMC companies active.
Top 10 Biggest Asset Under Management Company in 2022
Sl No. | AMC NAME | Jun-22 | Mar-22 | Dec-21 |
1 | HDFC Asset Management Company Limited | 410,316.33 | 427,205.00 | 450,376.22 |
2 | SBI Funds Management Ltd | 409,422.35 | 518,690.83 | 628,231.89 |
3 | ICICI Prudential Asset Management Company Limited | 360,405.27 | 479,243.69 | 483,517.12 |
4 | Nippon Life India Asset Management Ltd | 281,180.39 | 284,890.99 | 282,415.60 |
5 | Aditya Birla Sun Life AMC Ltd | 281,168.84 | 295,644.00 | 299,282.45 |
6 | Kotak Mahindra Asset Management Co Ltd | 259,526.59 | 286,277.38 | 286,813.30 |
7 | Axis Asset Management Company Limited | 246,097.52 | 260,271.02 | 253,905.85 |
8 | UTI Asset Management Company Ltd | 158,148.66 | 186,576.96 | 224,656.32 |
9 | IDFC Asset Management Company Limited | 117,102.22 | 121,224.52 | 125,351.80 |
10 | DSP Investment Managers Private Limited | 106,639.99 | 107,793.07 | 110,565.58 |
Performance and Profile of Top 10 AMCs in India
1. HDFC AMC Company
As per the above list in current time the HDFC AMC company is holding highest AUM. It has overpassed the SBI AMC in June 2022. Started in 1999, HDFC AMC was set up as a joint venture between Housing Development Finance Corporation Limited (“HDFC”) and abrdn Investment Management Limited (erstwhile known as Standard Life Investments Limited). During FY18-19 it carried out an initial public offering, and became a publicly listed company in August 2018. Its principal shareholders are HDFC and abrdn Investment Management Limited which own 52.6% and 16.2% stake.
2. SBI Funds Management Limited
As per the above list sbi is ranked at number 2 but in earlier quarters it has ranked at number 1 position for several times. With 30 years of rich experience in fund management. SBI MF have a strong and proud lineage that traces back to the State Bank of India (SBI) - India's largest bank. Its a Joint Venture between SBI and AMUNDI (France), one of the world's leading fund management companies. 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.
3. ICICI Prudential Asset Management Company Limited
As per the above list ICICI MF is ranked at number 3. It is one of the oldest player in AMC Industry in India. ICICI Pru is backed by ICICI Group which is one of the biggest corporate house in India. The AMC is a joint venture between ICICI Bank,a well-known and trusted name in financial services in India and Prudential PIc, one of UK's largest players in the financial services.
4. Nippon Life India Asset Management Ltd
Nippon India Mutual Fund has been registered with the Securities & Exchange Board of India (SEBI) vide registration number MF/022/95/1 dated June 30, 1995. Nippon India Mutual Fund (NIMF) was earlier known as Reliance Mutual Fund. The name of Mutual Fund was changed from Reliance Mutual Fund to Nippon India Mutual Fund effective September 28, 2019.
5. Aditya Birla Sun Life AMC Ltd
Established in 1994, Aditya Birla Sun Life AMC Limited (ABSLAMC) is co-owned and backed by Aditya Birla Capital Limited and Sun Life (India) AMC Investments Inc. ABSLAMC is primarily the investment manager of Aditya Birla Sun Life Mutual Fund, a registered trust under the Indian Trusts Act, 1882. ABSLAMC also operates multiple alternate strategies including Portfolio Management Services, Real Estate Investments and Alternative Investment Funds. ABSLAMC is one of the leading asset managers in India, servicing around 8.1 million investor folios with a pan India presence across 280 plus locations.
6. Kotak Mahindra Asset Management Co Ltd
KMAMCL is Part of a reputed conglomerate - Wholly owned subsidiary of Kotak Mahindra Bank Limited. It Started operations in Dec 1998 and has Robust distribution network - A comprehensive distribution channel with over 67,000 empanelled distributors.
7. Axis Asset Management Company Limited
Axis AMC comes under Axis group which is one of the premier group in finance sector of India. Axis AMC launched its first scheme in October 2009 Since then Axis Mutual fund has grown strongly.
8. UTI Asset Management Company Ltd
UTI Asset Management Co. Ltd. (UTI AMC) is a professionally managed company led by its proficient Board of Directors having expertise in diverse fields and a dedicated management team having requisite talent and experience. UTI AMC has been managing assets across different businesses. These include domestic Mutual Fund, Portfolio Management Services, International business, Retirement Solutions, and Alternate Investment assets. UTI Mutual Fund has a long & distinguished pedigree, along with a nationwide distribution network spread across the length and breadth of the country.
9. IDFC Asset Management Company Limited
Established in 2000, IDFC AMC is one of India’s Top 10 asset managers it has over 60 Mutual Fund schemes. It has an experienced investment team with a deep on-the-ground presence in over 46 cities, and investors across over 375+ cities and towns in India.
10. DSP Investment Managers Private Limited
DSP Mutual Fund company is an Indian registered Foreign AMC company working in Indian Market. in current time it has a fund size of Rs. 1,06,639.99 crores. if talk about our ranking then it is ranked at number 10.
