An Asset Management Company (AMC) is a corporation dedicated to investing financial assets, such as funds and money received from investors, companies, or other AMCs. These financial resources are allocated to companies that utilize them for different types of investments, including financial investments, operational investments, and other forms of investment, with the goal of fostering growth.
Consequently, the profits generated from these investments are distributed to the original investors, while a small portion is retained as AMC fees. Various terms, such as fund houses, money managers, and money management firms, are used interchangeably to refer to these entities.
An AMC company has the capacity to oversee multiple funds, each with its own investment and financial objectives. Fund managers are responsible for supervising these funds, defining financial and investment goals, evaluating the risk and reward factors involved, and subsequently selecting an appropriate investment strategy.
Here is a list of some of the top AMC companies in India-
| SN | AMC | Assets Managed (as on 31-Mar-2023) |
| 1 | SBI Mutual Fund | ₹ 700,990.72 crores |
| 2 | ICICI Prudential Mutual Fund | ₹ 509,588.31 crores |
| 3 | HDFC Mutual Fund | ₹ 437,876.34 crores |
| 4 | Nippon India Mutual Fund | ₹ 287,827.85 crores |
| 5 | Kotak Mahindra Mutual Fund | ₹ 284,073.77 crores |
| 6 | Aditya Birla Sun Life Mutual Fund | ₹ 261,232.11 crores |
| 7 | Axis Mutual Fund | ₹ 226,881.21 crores |
| 8 | UTI Mutual Fund | ₹ 223,698.69 crores |
| 9 | Bandhan Mutual Fund | ₹ 111,592.46 crores |
| 10 | DSP Mutual Fund | ₹ 107,067.08 crores |
SBI Mutual Fund
SBI Mutual Fund, founded in 1992, is a joint venture between State Bank of India (SBI) and AMUNDI. It utilizes SBI’s distribution network and AMUNDI’s fund management expertise to serve investors. They offer a variety of domestic mutual fund schemes and aim to be a dependable asset manager.
| Operating Revenue | Over INR 500 cr |
| EBITDA | 43.57 % |
| Networth | 38.70 % |
| Return on Equity | 29.98 % |
| Total Assets | 33.70 % |
ICICI Prudential Mutual Fund
ICICI Prudential Mutual Fund, established in 1998, is a partnership between ICICI Bank and Prudential Plc. It is known for its investment competence and focus on processes. The fund house provides various mutual fund schemes and is considered the best AMC in India.
| Operating Revenue | Over INR 500 cr |
| EBITDA | 13.14 % |
| Networth | 33.70 % |
| Return on Equity | 57.98 % |
HDFC Mutual Fund
HDFC Mutual Fund was formed in 1999 through a joint venture between HDFC and Standard Life Investments Limited. It has grown to become one of the largest and most successful mutual fund managers in India. The fund house offers a range of investment products and aims to provide successful investment options.
| Operating Revenue | Over INR 500 cr |
| EBITDA | 22.95 % |
| Networth | 42.16 % |
| Return on Equity | 30.31 % |
Nippon India Mutual Fund
Nippon India Mutual Fund, established in 1995, is India’s largest and fastest-growing AMC in terms of AUM. It offers a diverse selection of mutual fund schemes, including equities, debt, and balanced categories. Nippon India focuses on customer service and innovative product offerings.
| Operating Revenue | Over INR 500 cr |
| EBITDA | -9.42 % |
| Networth | 18.72 % |
| Return on Equity | 21.46 % |
Kotak Mahindra Mutual Fund
Kotak Mahindra Mutual Fund, founded in 1998, provides mutual funds catering to investors with different risk profiles. The fund house offers a wide range of mutual fund schemes and emphasizes ethical competition in the Indian mutual fund market. It has been among the top AMCs in India for several years.
| Operating Revenue | Over INR 500 cr |
| EBITDA | 16.94 % |
| Networth | 30.13 % |
| Return on Equity | 26.85 % |
Aditya Birla Sun Life Mutual Fund
Aditya Birla Sun Life Mutual Fund is a joint venture between Aditya Birla Group and Sun Life Financial Inc. Established in 1994, it has grown to become one of India’s largest AMCs. The fund house offers a diverse range of mutual fund schemes in equity, debt, and balanced funds.
| Operating Revenue | Over INR 500 cr |
| EBITDA | 28.96 % |
| Networth | 7.09 % |
| Return on Equity | 35.54 % |
Axis Mutual Fund
Axis Mutual Fund focuses on risk management and planning, providing top-notch financial solutions. They offer a wide range of mutual fund schemes, including equity, debt, hybrid categories, and special circumstance funds. The fund house is known for its customer-focused service and digital investment procedures.
| Operating Revenue | Over INR 500 cr |
| EBITDA | 62.67 % |
| Networth | 55.62 % |
| Return on Equity | 37.28 % |
UTI Mutual Fund
UTI Mutual Fund was founded in 2003 and offers various investment options, including mutual funds, portfolio management services, retirement solutions, and alternative investment funds. They aim to provide best-in-class services and contribute to the country’s growth.
| Operating Revenue | Over INR 500 cr |
| EBITDA | 21.50 % |
| Networth | 11.03 % |
| Return on Equity | 12.21 % |
Bandhan Mutual Fund
Bandhan Mutual Fund, formerly known as IDFC Mutual Fund, is one of the largest mutual fund firms in India. It offers a wide selection of mutual fund schemes and focuses on research to deliver value to its investors.
| Operating Revenue | INR 100 cr – 500 cr |
| EBITDA | 53.18 % |
| Networth | 29.69 % |
| Return on Equity | 37.69 % |
DSP Mutual Fund
DSP Mutual Fund, established in 1996, is a joint venture between Merrill Lynch Investment Managers and DSP Merrill Lynch Ltd. The fund house offers a diverse range of mutual fund schemes, including equity, debt, and hybrid categories. Their dedication to customer interests and performance sets them apart.
