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Top Asset Management Companies

Find most comprehensive mutual fund details of all leading AMCs (Asset Management Companies) in India

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What Are Top Funds?

These funds are the top performers within a category of mutual funds considering a combination of criteria. The best amongst these funds are also labelled as Scripbox Recommended

Showing 40 leading AMCs

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ICICI Prudential Asset Management Company Limited

142 Top Funds

257

Schemes

₹364,185 Cr

Total AUM

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UTI Asset Management Co Ltd

121 Top Funds

186

Schemes

₹131,126 Cr

Total AUM

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SBI Funds Management Private Limited

85 Top Funds

144

Schemes

₹335,494 Cr

Total AUM

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Nippon Life India Asset Management Ltd

80 Top Funds

209

Schemes

₹182,589 Cr

Total AUM

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Aditya Birla Sun Life AMC Ltd

70 Top Funds

171

Schemes

₹244,951 Cr

Total AUM

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IDFC Asset Management Company Limited

69 Top Funds

61

Schemes

₹119,688 Cr

Total AUM

What Are Top Funds ?

These funds are the top performers within a category of mutual funds considering a combination of criteria. The best amongst these funds are also labelled as Scripbox Recommended

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DSP Investment Managers Private Limited

65 Top Funds

72

Schemes

₹86,006 Cr

Total AUM

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Axis Asset Management Company Limited

62 Top Funds

59

Schemes

₹171,099 Cr

Total AUM

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L&T Investment Management Ltd

61 Top Funds

43

Schemes

₹67,838 Cr

Total AUM

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Sundaram Asset Management Company Ltd

51 Top Funds

79

Schemes

₹29,524 Cr

Total AUM

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Kotak Mahindra Asset Management Co Ltd

47 Top Funds

102

Schemes

₹200,010 Cr

Total AUM

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PGIM India Asset Management Private Limited

44 Top Funds

47

Schemes

₹5,066 Cr

Total AUM

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Franklin Templeton Asst Mgmt(IND)Pvt Ltd

41 Top Funds

82

Schemes

₹78,882 Cr

Total AUM

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HDFC Asset Management Company Limited

40 Top Funds

124

Schemes

₹375,827 Cr

Total AUM

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Canara Robeco Asset Management Co. Ltd.

39 Top Funds

23

Schemes

₹22,629 Cr

Total AUM

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Edelweiss Asset Management Limited

35 Top Funds

34

Schemes

₹15,982 Cr

Total AUM

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Tata Asset Management Limited

34 Top Funds

62

Schemes

₹54,421 Cr

Total AUM

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Invesco Asset Management (India) Private Ltd

31 Top Funds

48

Schemes

₹30,355 Cr

Total AUM

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BNP Paribas Asset Mgmt India Pvt. Ltd

30 Top Funds

17

Schemes

₹7,261 Cr

Total AUM

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Mirae Asset Investment Managers (India) Private Limited

29 Top Funds

20

Schemes

₹53,402 Cr

Total AUM

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Principal Asset Management Private Limited

25 Top Funds

24

Schemes

₹6,518 Cr

Total AUM

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JM Financial Asset Management Limited

23 Top Funds

17

Schemes

₹3,641 Cr

Total AUM

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LIC Mutual Fund Asset Management Limited

23 Top Funds

25

Schemes

₹13,363 Cr

Total AUM

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IDBI Asset Management Limited

21 Top Funds

21

Schemes

₹4,394 Cr

Total AUM

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BOI AXA Investment Mngrs Private Ltd

18 Top Funds

16

Schemes

₹2,250 Cr

Total AUM

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HSBC Asset Management(India)Private Ltd

18 Top Funds

36

Schemes

₹10,188 Cr

Total AUM

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Motilal Oswal Asset Management Co. Ltd

14 Top Funds

18

Schemes

₹20,747 Cr

Total AUM

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Baroda Asset Management India Limited

10 Top Funds

23

Schemes

₹7,719 Cr

Total AUM

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Quant Money Managers Limited

9 Top Funds

14

Schemes

₹430 Cr

Total AUM

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Indiabulls Asset Management Company Ltd.

8 Top Funds

17

Schemes

₹978 Cr

Total AUM

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IIFL Asset Management Limited

7 Top Funds

3

Schemes

₹1,721 Cr

Total AUM

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Taurus Asset Management Company Limited

9

Schemes

₹421 Cr

Total AUM

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Quantum Asset Management Co Pvt. Ltd.

8

Schemes

₹1,533 Cr

Total AUM

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Union Asset Management Co. Pvt. Ltd.

19

Schemes

₹5,033 Cr

Total AUM

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PPFAS Asset Management Pvt. Ltd

3

Schemes

₹6,061 Cr

Total AUM

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YES Asset Management (India) Limited

3

Schemes

₹146 Cr

Total AUM

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Shriram Asset Management Co Ltd

4

Schemes

₹181 Cr

Total AUM

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Essel Funds Management Company Ltd

10

Schemes

₹647 Cr

Total AUM

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ITI Asset Management Limited

9

Schemes

₹858 Cr

Total AUM

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Mahindra Manulife Investment Management Pvt. Ltd.

15

Schemes

₹4,898 Cr

Total AUM

Asset management company AMCs pool investments from individual and institutional investors and invest in capital assets. The AMCs identify the investment opportunities based on an investor’s objective and aim to optimize the return on investment.

What is an Asset Management Company?

An Asset Management Company is a firm that pools the funds from its clients and invests the same into a variety of securities and assets. Such investments include assets such as stocks, bonds, etc. In order to manage these funds, the asset management company appoints professionals called fund managers who look after the overall investment decision related to the pooled money.

Fund Managers are highly qualified people who have extensive and rich experience in the field of stock markets and investments. They ensure whether the investments are made as per the objectives of the investors and take suitable investment opportunities in the ever-changing market. Needless to say, the ultimate outcome of their investment is to make profitable investments.

In order to make a profitable return on the investment, factors such as market risk, current economic situation, and industrial analysis play a pivotal role. For example, debt-fund invests in risk-free government bonds to maintain minimum risk.

How Does an Asset Management Company Work?

The Asset Management Company is that part of the mutual fund that looks after its operations and investments. The formation of the AMC requires appropriate approvals by SEBI. When the investor invests in an AMC, they are actually purchasing a portfolio of assets that are being offered by the AMC. Post this, it is the decision of the fund manager who has to look after the investment decision and whether or not the investments made will be beneficial to the investors.

When it comes to selecting a fund for investment, investors prefer the funds which are managed by well-known AMC’s. Thus it is important to evaluate the market reputation of the AMC.

Below is a list of the steps which an AMC takes:

Asset Allocation

In order to maintain the investor’s trust and confidence, the AMC has to carefully make the investment in various equity and debt instruments. However, the timing of buying or selling depends on the decision of the fund manager who manages the funds and allocates the pooled amount in various asset classes.

Research and Portfolio construction

This is perhaps the most crucial decision which is done by the AMC. It takes ample time and investment to make thorough market research and create a portfolio based on the prevalent market situations and economic factors. A Fund Manager, along with his or her team of analysts, makes its market analysis and arrives at a conclusion. Fund manager’s aim to make a balanced portfolio that should be able to perform even in the worst of the time. Considering the risk factors associated with each asset class, a portfolio is constructed.

Performance Review

The AMC’s have to answer to investors for the investments made by them. In order to avoid a bad reputation and criticism from investors, it becomes important to carefully assess the performance of the fund on a periodic basis considering factors like NAV, fund returns, etc.

Points to remember before choosing an AMC

It is important for investors to carefully evaluate the track record of the AMC. Even though the AMC’s are required to make the investments as per the investment objective, it is prudent for the investors to keep track of the news related to the AMC. This can include a change in the fund manager, returns of the scheme managed by the fund, etc.

Below are a few points that the investors can consider while choosing an AMC:

Market reputation of the AMC

It takes time to create a market reputation under any market conditions. Consistent performance, frequent changes in the management, clean track record, etc. all go a long way in building the reputation of the organization.

As for the investors, it becomes important to keep a track of all the important information related to the AMC. Most of the details can be found on the company website.

Fund Manager

Fund Manager is the person responsible for making an investment on behalf of the investors. They are market experts who have years of experience in the capital market. AMC’s out there would never want a less experienced professional to look after their investment decisions. Hence it becomes important to have a close track on the credentials and work experience of the fund manager.

The Reliability of AMC when compared to Banks

In today’s economic scenario and the ever-changing economic conditions, investors believe in more transparency when it comes to their investment decisions. For example, nowadays no one has to physically visit a bank branch in order to get their loan statement details or their interest certificate. Most of the services provided by banks can now be easily accessed offline. Banks are also under the regulatory control of RBI which keeps a close track on their workings.

When it comes to AMCs, most people are not unaware that AMC’s are appointed by the trustees in order to manage the pool of funds. These trustees are in turn regulated by SEBI. In this way, SEBI keeps a close track of the objectives and working of both. Hence as we can see, AMC’s are just as reliable with SEBI acting as the watchdog.

SEBI, AMFI and RBI Role in AMC Operations

SEBI: An AMC works under the supervision of the board of trustees which in turn are regulated by SEBI. SEBI ensures that both are working in the interest of the investors and complying with the guidelines laid down by it.

AMFI: AMFI was formed by mutual fund companies to address investor grievances. The main objective of AMFI is to ensure the development of the mutual fund industry and ensure that the functioning of the industry is along ethical lines. AMFI also aims to protect the interest of all unitholders.

RBI: RBI also plays an essential role in regulating AMCs, if a bank is one of the sponsors along with SEBI and AMFI.

SEBI, AMFI and RBI Guidelines Which An Investor Should Know

The following are some of the guidelines and practices mandated by SEBI, AMFI, and RBI for mutual fund companies:

An AMC shall not act as a trustee of any mutual fund

  1. An AMC shall not act as a trustee of any mutual fund
  2. The net worth of an AMC should not be less than Rs. 10 crores.
  3. The chairman of the AMC should not hold the position of trustee of any mutual fund company
  4. The company shall not invest in any of its schemes. The company can invest only on the full disclosure of its intention to invest in the offer documents.
  5. The key personnel must have a clean track record.

Some of the Best Asset Management Companies in India

AMCFew Mutual FundAUM as on Dec-31-2019Few Fund Managers
Invesco Asset Management (India) Private LtdInvesco India Tax Plan, Invesco India Gilt Fund, Invesco India Credit Risk Fund,Invesco India Growth Opportunities Fund, Invesco India Midcap Fund.Rs. 39,200.18 croresMr. Taher Badshah Mr. Amit Ganatra Mr. Pranav Gokhale Mr. Neelesh Dhamnaskar Mr. Sujoy Kumar Das Mr. Krishna CheemalapatiMr. Taher Badshah Mr. Amit Ganatra Mr. Pranav Gokhale Mr. Neelesh Dhamnaskar Mr. Sujoy Kumar Das Mr. Krishna Cheemalapati
Mirae Asset Global Inv (India) Private. Ltd.Mirae Asset Tax Saver Fund, Mirae Asset Hybrid – Equity Fund, Mirae Asset Emerging Bluechip Fund, Mirae Asset Large Cap Fund,Mirae Asset Midcap Fund, Mirae Asset Short Term Fund, Mirae Asset Dynamic Bond Fund.Rs. 44,373 CroreMr. Neelesh Surana Mr. Gaurav Misra Mr. Harshad Borawake Mr. Mahendra Jajoo Mr. Vrijesh Kasera
Axis Asset Management Company LimitedAxis Equity Saver Fund Axis Triple Advantage Fund Axis Liquid Fund Axis Small Cap Fund Axis Long Term Equity FundRs. 1.23 lakh croreMr. Jinesh Gopani Mr. R Sivakumar Mr. Viresh Joshi Mr. Aditya Pagaria Mr. Dhaval Patel
Kotak Mahindra Asset Management Company LimitedKotak Savings Fund (G) Kotak Standard Multicap Fund (G) Kotak Taxsaver Fund Kotak Small Cap Fund Kotak Emerging Equity SchemeRs. 1.76 lakh croreMr. Hiten Shah Mr. Devender Singhal Mr. Harsha Upadhyaya Mr. Pankaj Tibrewal Ms. Shibani Sircar Kurian
Motilal Oswal Asset Management Company LimitedMotilal Oswal Long Term Equity Fund Motilal Oswal Focused 25 Fund Motilal Oswal Midcap 30 Fund Motilal Oswal Multicap 35 Fund Motilal Oswal Large and Midcap Fund Motilal Oswal Liquid FundRs. 20281.49 croreMr. Akash Singhania Mr. Aditya Khemani Mr. Siddharth Bothra Mr. Herin Visaria Mr. Niket Shah Mr. Swapnil Mayekar Mr. Abhiroop Mukherjee
Tata Asset Management LimitedTata Balanced Fund Tata Equity P/E Fund Tata Treasury Advantage Fund Tata Liquid Fund Regular GrowthRs. 52,677.67 croreMr. Rahul Singh Mr. Chandraprakash Padiyar Mr. Sonam H Udasi Mr. Rupesh Patel Mr. Sailesh Jain Mr. Amey Sathe Ms. Ennette Fernandes Ms. Meeta Shetty Mr. Abhinav Sharma Mr. Satish Mishra Mr. Murthy Nagarajan Mr. Abhishek Sonthalia