Here are 5 biggest AMC(s) in India:
1. HDFC Mutual Fund AMC
AUM: Over 3.43Lakh Cr INR
Started in: 1999
HDFC AMC is the most profitable AMC in India as of March 2018. With having 210 branches in over 200 cities across PAN India it holds more than 53Lakh investors and over 91lakh active accounts.
Here are some of the most popular mutual funds being managed by HDFC AMC
- HDFC Small Cap Fund
- HDFC Short Term Debt Fund
- HDFC Balanced Advantage Fund
2. ICICI Prudential Asset Management Company Ltd
AUM: Over 3.1Lakh Cr INR
Started in: 1993
It is a joint venture between ICICI Bank in India and Prudential Plc, in the United Kingdom.
With being one of the biggest AMC in India ICICI Pru AMC is trusted by thousands of investors in India. It manages a lot of very well known mutual funds like:
- ICICI Prudential Bluechip Fund
- ICICI Prudential Multicap Fund
- ICICI Prudential Multi-Asset Fund
3. Aditya Birla Sun Life Mutual Funds (ABSLMF)
AUM: Over 2.8 Lakh Cr INR
Started in: 1994
It’s a joint venture between Aditya Birla Captial Limited(Indian) and Sun Life AMC Investments (Canadian).
Being the 3rd largest AMC in India, ABSLMF is present in about 270 locations having over 200,000 agents and 17,000 full-time employees.
Here are some well-known funds being managed by ABSLMF
- Aditya Birla Sun Life Liquid Fund
- Aditya Birla Sun Life Corporate Bond Fund
- Aditya Birla Sun Life Equity Fund
4. SBI Mutual Fund Trustee Company Pvt Ltd
AUM: Over 2.7 Lakh Cr INR
Started in: 1987
Founded in 1987 makes the SBI Mutual Fund company the 2nd oldest AMC in India after UTI Mutual Fund. It was however incorporated in 1992. It is a joint venture between SBI bank of India and Amundi which is a French AMC.
It was the first mutual fund to be invested in by Employee’s Provident Fund (EPF) in 2015.
Here are some well-known funds being managed by SBI Mutual Fund:
- SBI Equity Hybrid Fund
- SBI Bluechip Fund
- SBI Small Cap Fund
5. Nippon India Mutual Funds (formerly known as Reliance Mutual Funds)
AUM: Over 2 Lakh Cr INR
Started in: 1995
It’s a joint venture between India’s Reliance Group and Japan’s Nippon Mutual Fund company. Holding over 52 Equity, 266 Debt and 40 Balanced funds make them one of India’s biggest AMC.
Here are some well-known funds being managed by Nippon India Mutual Funds:
- Nippon India Liquid Fund
- Nippon India Floating Rate Fund
- Nippon India Small Cap Fund