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Top 10 AMCs in India 2022

08 June 2022

It is indeed a very smart plan to have a financial adviser in charge of your money, and this is particularly relevant if you don’t understand the functions and workings of the stock market and that is when a mutual fund investing corporation or an Asset Management Company (AMC), walks in to save the day. Mutual Fund AMCs, also known as Asset Management Companies, invest their clients’ money in a variety of asset classes.

This blog contains a list of the largest Mutual Funds in India, as well as their Assets Under Management (AUM) and other pertinent information.

Meaning of AMC (Asset Management Company)

Asset Management Company (AMC) is a company that invests financial assets, such as funds and money from investors, companies, or other AMC, in companies that use those assets as a financial investment, operational investment, or any other type of investment in order to grow the investment. Following that, the returns are due to the actual investor, with a small portion of the returns held back as AMC fees. Fund houses, money managers, and money management firms are all terms used to describe these entities.

An AMC company may manage a number of funds with various investment and financial objectives. These are managed by fund managers who set the financial and investment goals, assess the risk and reward profile, and then choose an investment strategy.

Meaning of AUM (Assets Under Management)

The total market value of the investments or assets maintained by a mutual fund, hedge fund, wealth management firm, portfolio manager, or other financial services firm is referred to as Assets Under Management (AUM). In other words, assets under management refer to the total amount of money controlled by a person or entity.

In some cases, assets under management refer to the total value of all assets managed by an entity for all clients. AUM stands for Assets Under Management, and it refers to the total market value of assets managed for specific clients.

List of Top Asset Management Companies in India 2022

Sr. No.

AMC

Average AMU (in Rs)

(As of the end of last quarter)

1.

SBI Mutual Fund

Rs. 647064.29 Cr

2.

HDFC Mutual Fund

Rs. 432084.97 Cr

3.

ICICI Prudential Mutual Fund

Rs. 468258.02 Cr

4.

Nippon India Mutual Fund

Rs. 283260.97 Cr

5.

Axis Mutual Fund

Rs. 260335.18 Cr

6.

DSP BlackRock Mutual Fund

Rs. 107873.94 Cr

7.

Kotak Mutual Fund

Rs. 284617.8 Cr

8.

Tata Mutual Fund

Rs. 86396.95 Cr

9.

Aditya Birla Sun Life Mutual Fund

Rs. 295804.91 Cr

10.

L&T Mutual Fund

Rs. 75591.56 Cr

Performance Of the Top 10 AMCs in India (2022)

1. SBI Mutual Fund

The SBI Mutual Fund was set up on June 29, 1987, and was incorporated on February 7, 1992. It was India’s second largest Mutual Fund after the Unit Trust of India started operations in 1963. Since then it has made its place as a Top AMC in India and is also known as the largest mutual fund in India. SBI Mutual Fund has 146 funds in total and as of March 2022 and holds Rs.647064.29 Cr. of AUM.

2. HDFC Mutual Fund

HDFC Asset Management Company Ltd. or HDFC Mutual Fund is currently the largest mutual fund and actively managed equity mutual fund in India. It is also known as the top Asset Management Company in India It is one of the most profitable asset management companies in the country. HDFC Mutual Fund has 85 no. of funds in total and as of March 2022 holds Rs. 432084.97 Cr. of AUM.

3. ICICI Prudential Mutual Fund

ICICI Prudential Mutual Fund is one of India’s top 2 largest Asset Management Companies. It is one of the oldest and most profitable Mutual Funds. ICICI Prudential is widely known as the best AMC in India. Most of their offerings are rated ‘AAAmfs’ which indicates a high degree of confidence and reliability. ICICI Prudential Mutual Fund has 142 no. of funds in total and as of March 2022 holds Rs. 468258.02 Cr. of AUM.

4. Nippon India Mutual Fund

Nippon India Mutual Funds is one of the leading asset management companies in India. It manages assets across managed accounts, mutual funds, pension funds, alternative investments, and offshore funds. Nippon India Mutual Fund has 131 no. of funds in total and as of March 2022 holds Rs. 283260.97 Cr. of AUM.

5. Axis Mutual Fund

Axis Mutual Funds is currently one of India’s leading Mutual Fund houses. It is touted as a key member in the market and has been in the Top 10 AMC in India 2022 for the past many years. Axis Mutual Fund offers around 76 schemes across multiple categories that include 30 equity, 35 hybrid mutual funds, and 101 debt mutual funds.

6. DSP BlackRock Mutual Fund

DSP Mutual Fund is one of India’s leading AMCs. Since its inception, this fund house has grown by leaps and bounds to become one of India's premier Asset Management Companies. It focuses to deliver a high performance which has immensely helped the fund house to generate a large number of investor folios. DSP Mutual Fund has 49 no. of funds in total and as of March 2022 holds Rs. 107873.94 Cr. of AUM.

7. Kotak Mutual Fund

Kotak Mahindra Asset Management Company is a public limited company registered under the Companies Act, 1956 on August 2, 1994. The company is the asset manager of Kotak Mahindra Mutual Fund and a wholly and a subsidiary of Kotak Mahindra Bank Limited. Kotak Mahindra Mutual Fund has 82 no. of funds and as of March 2022 holds Rs. 284617.8 Cr. of AUM.

8. Tata Mutual Fund

Tata Asset Management Ltd. is a pet of the Tata Group that manages Tata Mutual Fund. The company was established in 1994 and offers diverse investment options to investors based on their rush appetite, financial objectives, and income. Tata Mutual Fund has 47 no. of funds in total and as of March 2022 holds Rs. 86396.95 Cr. of AUM.

9. Aditya Birla Sun Life Mutual Fund

Aditya Birla Sun Life Mutual Funds is a joint-venture company co-sponsored by the Indian company, Aditya Birla Capital Limited, and Canada-based financial service company, Sun Life AMC Investments, Inc. Aditya Birla Sun Life Mutual Fund has 119 no. of funds in total and as of March 2022 holds Rs. 295804.91 Cr of AUM.

10. L&T Mutual Fund

L&T Investment Management Ltd. is one of the top asset management companies of L&T Mutual Fund. The company is a wholly-owned subsidiary of L&T Finance Holdings Ltd., which is a publicly-listed NBFC. L&T Mutual Fund has 34 no. of funds in total and as of March 2022 holds Rs. 75591.56 Cr. of AUM.

Conclusion

This was the list of the Top 10 AMCs in India. We genuinely hope that this article helps you in getting a better picture of the meaning and workings of these top AMC in India. Please note that before investing in any Mutual Fund it is very important to study it in detail because hasty decisions may lead you towards experiencing the negative sides of investing thus, to become a lead player in the Investing game, make sure that you have all of your facts straight and a detailed understanding all the necessary things.

Happy Investing!

Disclaimer: The views expressed in this post are that of the author and not those of Groww.

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Research Analyst - Bavadharini KS

Disclaimer

The stocks mentioned in this article are not recommendations. Please conduct your own research and due diligence before investing. Investment in securities market are subject to market risks, read all the related documents carefully before investing. Please read the Risk Disclosure documents carefully before investing in Equity Shares, Derivatives, Mutual fund, and/or other instruments traded on the Stock Exchanges. As investments are subject to market risks and price fluctuation risk, there is no assurance or guarantee that the investment objectives shall be achieved. NBT do not guarantee any assured returns on any investments. Past performance of securities/instruments is not indicative of their future performance.
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