INTRODUCTION

AMC or Asset Management Company is classified into 3 categories, namely bank-sponsored mutual funds, mutual fund institutions, & private sector mutual funds. Out of 44 AMC in India, 35 are part of the private sector. Every AMC in India is part of AMFI (Association of Mutual Funds in India). AMFI is an NPO (Non for Profit Organisation) which was incorporated in 1995.

Learn what is the process of investing in mutual funds.

Popular AMCs in India

Here we present the top 10 AMC in India. But before we jump to the NAVs and the respective fund name of the schemes, let’s take a look at their AUM size.

Top AMC in IndiaAUM (in crore)
ICICI Prudential Mutual FundRs. 3,06,173
HDFC Mutual FundRs. 3,00,793
Reliance Nippon Life Asset Management LimitedRs. 2,45,581
Aditya Birla Sun Life Asset Management Company LimitedRs. 2,47,794
SBI Funds Management Private LimitedRs. 2,18,033
UTI Asset Management Company LimitedRs. 1,54,939
Kotak Mahindra Asset Management Company LimitedRs. 1,24,888
Franklin Templeton Mutual FundRs. 1,04,140
DSP Blackrock Mutual FundRs. 86,325
Axis Mutual FundRs. 77,377

ICICI Prudential Asset Management Company Limited

The AUM of this fund is Rs. 3 lakh crore. ICICI Prudential Asset Management Company is the largest AMC in the country. It was started in the year 1993 and it was a joint venture between ICICI Bank in India and Prudential Plc, in the UK. In addition to the mutual funds, this AMC also caters to Portfolio Management Services (PMS) & Real Estate investors.

FundNAV1 year3  year5 year
ICICI Prudential Small cap fundRs. 255 crore-3.8%11%10.5%
ICICI Prudential Bank and Financial Services FundRs. 3,068 crore14.8%23%19.1%
ICICI Prudential Infrastructure FundRs. 1,2474%12.4%8.3%

HDFC Asset Management Company Limited

HDFC is the 2nd largest AMC in India by the size of the AUM (Asset Under Management) which has launched HDFC mutual funds. The size of this AMC is nearly Rs. 3 lakh crore and was launched in the year 1999. It was authorized to act as the AMC for HDFC in the year 2000.

Learn more on how to invest in HDFC mutual funds.

FundNet Assets1 year3 years5 years
HDFC infrastructure fundsRs. 828 crore-4.4%5.9%5.4%
HDFC Equity fundRs. 22,376 crore13.7%15.9%12.2%
HDFC Top 100 fundRs. 16,705 crore15.5%15.9%12%

Reliance Nippon Life Asset Management Company Limited

Reliance AMC has Asset Under management worth Rs. 2.5 lakh crore and is one of the leading AMC in India. This AMC, being a part of the Anil Dhirubhai Ambani (ADA) group, is one of the fastest-growing AMC in India. The sponsor of this fund is Reliance Capital Limited (RCL) and the trustee is Reliance Mutual Fund (RMF). The original name of the fund was Reliance Capital Fund and was started on June 30th, 1995.

FundNet Assets1 year3 years5 years
Reliance Banking FundRs. 2,991 crore10.3%20%15.8%
Reliance Power and Infra fundRs. 1,420 crore-5.4%13.1%7.8%
Reliance Large Cap FundRs. 12,77213.6%16.7%14.8%

Aditya Birla Sun Life Asset Management Company Limited

This AMC in India was previously known as Birla Sun Life Asset Management Company. But presently it is known as Aditya Birla Sun Life (ABSL) Asset Management Company Ltd. This AMC is a joint venture between Aditya Birla Sun Group in India and Sun Life Financial Inc. of Canada. This joint venture was set up in the year 1994.

Keep yourself updated on What are the best Aditya Birla mutual fund schemes in India.

FundNet Assets1 year3 years5 years
Aditya Birla Sun Life Banking and Financial ServicesRs. 1,741 crore8.5%19%18.1%
Aditya Birla Sun Life Infrastructure FundRs. 580 crore-2.3%10.5%9.6%
Aditya Birla Sun Life Focussed Equity FundRs. 4,2798.2%12.4%12.1%

SBI Funds Management Private Limited

This AMC is a joint venture between the State Bank of India and Financial Service Company Amundi, a European Asset Management Company in France. SBI Mutual Funds Management AMC was launched in 1987. SBI Fund Guru, an investor education initiative was launched in 2013. But what are the best SBI mutual funds in India?

FundNet Assets1 year3 years5 years
SBI Banking & Financial Services FundRs. 776 crore18.7%23%
SBI Infrastructure fundRs. 496 crore2.8%10.7%10.8%
SBI PSU FundRs. 165 crore-1.7%8.5%2.6%

UTI Asset Management Company Limited

It is part of the Unit Trust of India (UTI). This AMC was registered by SEBI in 2003 and was promoted by SBI, LIC, BoB, and PNB. It is one of the largest and oldest mutual funds in India. Learn how to invest in UTI mutual funds. This AMC was the first one to launch ULIP (Unit Linked Insurance Plan).

FundNet Assets1 year3 years5 years
UTI Infrastructure fundRs. 1,329 crore5.1%12.6%9.3%
UTI Banking & Financial Services FundRs. 660 crore6.7%16.5%13.9%
UTI Nifty Index FundRs. 1,321 crore12.1%14.6%11.5%

Kotak Mahindra Asset Management Company Limited

This AMC is a part of the Kotak mutual fund group & it was established by Mr. Uday Kotak. Kotak Mahindra Asset Management Company limited manages Kotak Mahindra Mutual Fund (MMF). The KMAMC started its operations in the year 1998.

FundNet assets1 year3 years5 years
Kotak Infrastructure & Economic Reform fundRs. 379 crore-0.2%11.2%13.1%
Kotak Standard Multicap FundRs. 24,297 crore11.4%16.4%16.8%
Kotak Tax Saver SchemeRs. 898 crore11.7%14.8%15.4%

Franklin Templeton Mutual Fund

The office of Franklin Templeton Office was set up in the year 1996 as Templeton Asset Management India Pvt. Ltd. The name of this mutual fund is Franklin Templeton Asset Management (India) Pvt. Ltd.

FundNet assets1 year3 years5 years
Franklin Build India FundRs. 1,256 crore10.9%15.1%18.9%
Franklin India Focussed Equity fundRs. 8,264 crore12.6%14.3%17.3%
Franklin India Opportunities FundRs. 611 crore1.8%10.4%13.3%

DSP Blackrock Mutual Fund

DSP AMC is a joint venture between DSP Group and DSP Blackrock mutual funds, the world’s largest investment management firm. The trustee company of DSP Blackrock Mutual fund is DSP Blackrock trustee company private limited.

FundNet assets1 year3 years5 years
DSP Blackrock T.I.G.E.R. FundRs. 1,156 crore2.1%13.4%11.3%
DSP Blackrock Top 100 Equity FundRs. 2,772 crore6.2%11.4%9.8%
DSP Blackrock Focus fundRs. 2,049 crore5.6%11.3%13.4%

Axis Mutual Fund

The very first scheme launched by this AMC was in the year 2009. Axis Bank Limit currently holds 75% in Axis’ mutual fund. The remaining share is held by Schroder Singapore Holdings Private Limited.

FundNet Assets1 year3 years5 years
Axis Long Term Equity FundRs. 19,109 crore5%14.2%16.8%
Axis Focussed 25 FundRs. 7,584 crore3.1%16.9%15.9%
Axis Bluechip FundRs. 5,144 crore10.8%15.4%13.2%

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