Top Asset Management Company(AMC) in India by Assets Under Management.
Table of Contents
An asset management company (AMC) is a firm that invests a pooled fund of capital on behalf of its clients. Assets Under Management (AUM) of the Indian Mutual Fund Industry size crossed ₹ 30 trillion (₹30 Lakh Crore) for the first time in November 2020. The Industry AUM stood at ₹32.38 Trillion (₹ 32.38 Lakh Crore) as of April 30, 2021. That represents a 37.81% increase in assets over April 2020.
Scheme-wise Composition of Assets in AMC.
Equity Oriented schemes are now 42.4% of the industry assets in April 2021, up from 38.8% in April 2020. Debt Oriented schemes are 30.5% of industry assets in April 2021, down from 31.0% in April 2020. Increase in ETF market share from 7% in April 2020 to 9.4% in April 2021.
Investor-wise composition AMC Asset.
Individual investors now hold a marginally higher share of industry assets, i.e. 52.6% in April 2021, compared with 52.1% in April 2020.
Institutional investors account for 47.4% of the assets, of which corporates are 96%. The rests are Indian and foreign institutions and banks.
Composition of Investor’s Holding.
Individual investors primarily hold equity-oriented schemes while institutions hold liquid and debt-oriented schemes. 71% of individual investor assets are held in equity-oriented schemes. 71% of the institution’s assets are held in liquid/money market schemes and debt-oriented schemes.
Growth In Assets in AMC
The value of assets held by individual investors in mutual funds increased from Rs.12.25 lac crores in April 2020 to Rs.17.06 lac crores in April 2021, an increase of 39.28%.
The value of Institutional assets has increased from Rs.11.28 lac crores in April 2020 to Rs.15.36 lac crores in April 2021, an increase of 36.21%.
Investor Accounts In AMC.
There are 9,78,65,529 accounts in the mutual fund industry on March 21, of which 90.1% is accounted for by retail investors. There were:
- 8,82,12,456 Retail investor accounts
- 88,61,214 HNI accounts
- 7,91,859 Institutional investor accounts
Here we have to go to see the top AMC companies in India based on their AUM.
10. MIRAE ASSET INDIA.
Mirae Asset India started its journey in India with the establishment of an Asset Management business with a seed capital of USD 50 Million. Mirae is now recognized as one of the fast-growing AMC in India.
It has 35 Lakhs of Folios and the Monthly SIP book Amount was ₹ 713 Crores. AUM Growth Rate (CAGR in the Last 5years) was 88% showing one of the fastest-growing AMC in India.
- Brand name: Mirae
- Founded: 2019
- Headquarters: Mumbai, India.
- Parent Organization: Mirae Asset Global Inve/statement
Main Fields of Business:
- Mirae Asset Mutual Fund
- Asset Management, Mutual fund & ETF.
- Mirae Asset Capital Markets
- Equity & Debt Capital Market, M&A Advisory, PE, IB
- Mirae Asset Venture Capital
- Venture capital – AIF & Advisory
- Mirae Asset Financial Services
- Retail and Institutional Financing Service
The Mirae AMC has current 22 schemes, they are
- Equity schemes: 9
- Total Asset Under Management in Equity Schemes is ₹. 60,035 Crores which is 81% of AUM.
- Hybrid & FoFs Schemes: 4
- Total Asset Under Management in Hybrid & FoFs Schemes are ₹. 5,238 Crores which is 7% of AUM.
- Debt Schemes: 9
- Total Asset Under Management in Debt Schemes is ₹. 6,327 Crores which is 9% of AUM.
- EFT: 3
- Total Asset Under Management in EFT Schemes is ₹. 738 Crores which is 1% of AUM.
Financial Details:
| Particular | 31th December 2020 |
| Income | 1,873,570,298 |
| PBT | 1,091,305,517 |
| PAT | 818,514,517 |
AUM REPORT for Mirae Asset India:
| AUM in March 2021 | 7,213,500.00 |
9. L&T FINANCIAL SERVICES
L&T Finance Holdings Limited is one of India’s most valued and fastest-growing Non-Banking Financial Companies.
L&T offers a diverse range of financial products and services in the Rural, Housing, and Infrastructure finance sectors. It also offers investment management services.
- BRAND NAME: L&T MF
- Founded: 1996
L&T has 2,481,958 folios and It has currently 28 schemes, they are
- Equity Schemes are 12
- Hybrid Scheme: 5
- Fixed income fund:11
In midcap approach:
A Monthly SIP of Rs.10,000 has grown to Rs.30.45 lakhs over the last 10 years with a CAGR of 17.73%. A lump sum investment of Rs.10,000 has grown to Rs.44,755 over the last 10 years with a CAGR of 16.15%. The midcap-focused strategy is aimed at delivering higher alpha in the long run.
Financial Statement for L&TMF
| PARTICULAR | 2019-2020 |
| INCOME | 14,548.13 |
| PBT | 2,680.08 |
| PAT | 1,700.26 |
AUM for L&T MF
| AUM in March 2021 | 7,287,357.75 |
8. DSP Mutual Fund
DSP Investment Managers is a 100% independent & Indian asset management company (AMC), with a wide range of offerings across the risk-reward spectrum.
DSP AMC Parent organization was 150+-year-old DSP Group, and the family behind DSP has been very influential in the growth and professionalization of capital markets and the money management business in India over the last one and a half centuries.
- Brand name: DSP MF
- Headquarter: Mumbai
- Parent Organization: DSP Group
- Subsidiary:
- DSP Global Services (Mauritius) Limited. (‘DSP-GSML’)
- DSP Pension Fund Managers Pvt. Ltd. (‘DSP-PFM’)
The DSP AMC managed 39 open-ended schemes and 30 closed-ended schemes as of March 31, 2020. In current DSP mutual fund schemes are 40 they are
- Equity schemes: 17
- Hybrid Schemes: 3
- Debt Schemes: 14
- International FoFs: 6
The net worth of the Company stands at ₹.12,258.75 million as of March 31, 2020.
| Particular | the year 2020(₹ in Million) |
| Income | 4,534.32 |
| PBT | 1,556.91 |
| PAT | 1,160.31 |
AUM REPORT for DSP AMC:
| AUM in March 2021 | 9,779,890.87 |
7. UTI Asset Management Company Ltd.(UTI AMC)
UTI mutual fund was registered with SEBI under SEBI mutual fund regulation, It was approved to act as the asset management company in 2003. In 2004 the scheme of IL&FS mutual fund along with its AUM and launch of Axel portfolio services. UTI AMC has been managing assets across different businesses. These include domestic Mutual Fund, Portfolio Management Services, International business, Retirement Solutions, and Alternate Investment assets.
- Branded name: UTI Mutual fund
- founded: 2003
- Headquarters: Mumbai, India
UTI had successfully had 1 transaction done every 19 sec through UTI’s own digital platform. It has grown 14% in 2020. Investor growth in UTI has 23% in 2020 using digital platforms.
Current UTI mutual fund schemes are 53 they are
- Equity schemes: 16
- Hybrid Schemes: 7
- Debt Schemes: 18
- EFT: 6
- OTHER:6
FINANCIAL HIGHLIGHTS:
| PARTICULAR | VALUES |
| INCOME | 74,38,003 |
| PBT | (41,46,076) |
| PAT | (47,43,935) |
| NETWORTH | 27,723,04 |
| AUM for UTI AMC in MARCH 2021 | 17,679,683.00 |
6. Axis Mutual Fund
Axis MF is one of the best AMC is building a presence in Portfolio Construction science 2009. The heart of Axis Mutual Fund’s investment strategy is Quality investing and a stringent risk management process. Axis AMC has 80 lakh
active investor accounts and Presence in over 100 cities.
- BRAND NAME : AXIS MF
- FOUNDED: 2009
- HEADQUARTER: MUMBAI
- Axis AMC investor account has split into
- Retail active accounts are 72,56,260
- HNI active accounts are 6,93,345
- Domestic & Overseas Corp active accounts are 98,806
- Trusts active accounts are 4470
AXIS AMC Share Holding:
Schroder Investment Management (Singapore) Limited (SIMSL) through its wholly-owned subsidiary, Schroder Singapore Holdings Private Limited (SSHPL) holds 25% of the total issued and paid-up equity share capital plus one share in Axis AMC and Axis Mutual Fund Trustee Ltd. SIMSL and SSHPL are ultimately wholly-owned subsidiaries of Schroders plc.
- AXIS BANK 75%
- Schroders 25%
In current UTI mutual fund schemes are 43 they are
- Equity schemes: 13
- Hybrid Schemes: 6
- Debt Schemes: 13
- OTHER: 11
| AUM for UTI AMC in MARCH 2021 | 19,191,966.26 |
5. NIPPON INDIA MUTUAL FUND
Nippon India Mutual Fund (NIMF) is one of India’s leading mutual funds. NIMF which is one of the fastest-growing mutual funds in India offers investors a well-rounded portfolio of products to meet varying investor requirements and has a presence in 300+ cities across the country.
NIMF constantly endeavors to launch innovative products and customer service initiatives to increase value to investors.
- Brand Name: Nippon MF
- Founded:1882
- Headquarters: Mumbai, India
Nippon India Mutual Fund (NIMF) has been established as a trust under the Indian Trusts Act, 1882. Nippon Life Insurance Company(NLI) is the Sponsor and Nippon Life India Trustee Ltd (NLITL) is the Trustee.
Nippon India Mutual Fund (NIMF) was earlier known as Reliance Mutual Fund. The name of Mutual Fund was changed from Reliance Mutual Fund to Nippon India Mutual Fund effective September 28, 2019. NIMF was formed to launch various schemes under which units are issued to the public with a view to contribute to the capital market and provide investors with the opportunities to make investments in diversified securities.
Nippon India Mutual Fund (NIMF) manages 68 open-ended schemes (including 21 ETFs) and 81 close-ended and interval schemes.
| Particulars | Value |
| Income | 1,325.66 |
| PBT | 842.92 |
| PAT | 649.39 |
AUM for Nippon India Mutual Fund
| AUM for Nippon India Mutual Fund in March 2021 | 22,182,609.72 |
4. Aditya Birla Sun Life AMC Limited
Aditya Birla Sun Life AMC Limited (ABSLAMC) is a joint venture between Aditya Birla Capital Limited and Sun Life (India) AMC Investments Inc.
ABSLMF has an impressive mix of reach, a wide range of product offerings across equity, debt, balanced as well as structured asset classes, sound investment performance, and over 7 million investor folios as of March 31, 2021.
- Brand Name: Aditya Birla
- Founded: 1994
- Headquarter: Mumbai
ABSLMF provides sector-specific equity schemes, fund of fund schemes, hybrid and monthly income funds, debt and treasury products, and offshore funds.
ABSLAMC has various other business lines such as Portfolio Management Services, Real Estate Investments, and Alternative Investment Funds. The Portfolio Management Service is a highly customized service designed to seek consistent long-term results by adopting a research-based, methodical approach to investing.
Financial Highlights:
| PBT | 661 |
| PAT | 494 |
| AUM for ABSLAMC in march 2021 | 25,942,221.65 |
3. ICICI Prudential Asset Management Company
ICICI Prudential Asset Management Company is a leading asset management company in India. they are focusing on bridging the gap between saving and investments and creating long-term wealth for investors.
- Brand Name: ICICI
- Founded: 1998
- Headquarter: Mumbai
ICICI Prudential Asset Management Company is a joint venture between ICICI Bank in India, Prudential Pic in the UK, and Jackson Holdings.
They have an innovation on the various product aligned to meet the investor needs leading to a well-diversified portfolio of around 68 mutual fund Schemes equity schemes, fund of fund schemes, hybrid and monthly income funds, debt, and others.
ICICI AMC has 350+ locations across India and its growth momentum is exponential they are focusing on increasing accessibility for an investors
Financial Highlights:
| Total Income | 20,068.2 |
| PBT | 14,116.4 |
| PAT | 10,459.0 |
| AUM for ICICI Prudential AMC |
2. HDFC Asset Management Company Limited
HDFC Asset Management Company Limited (AMC) is a subsidiary of HDFC Ltd. Being a part of the HDFC group. and Standard Life Investments Limited (“SLI”). HDFC Asset Management Company (“HDFC AMC”) is the investment manager of the schemes of HDFC Mutual Fund (“HDFC MF”).
- Branded Name: HDFC MF
- Headquarter: Mumbai
HDFC MF provides income and wealth creation opportunities to our large retail and institutional customer base of 9.1 million live accounts. customers and distribution partners in over 200 cities through our network of 224 branches and 1,163 employees.
Our highly stable Management has steered the company since its inception through the ever-evolving industry. Our consistent position as one of India’s leading asset management companies is driven by our comprehensive investment philosophy, process, and risk management.
Mutual fund schemes have weathered multiple market cycles and carry track records of over 20 years and HDFC AMC is one of the leading actively managed equity-oriented assets under management(AMC).
Financial Highlights:
| PBT | 17,488 |
| PAT | 13,256 |
| AUM for HDFC AMC | 39,547,558.42 |
1. SBI Funds Management
SBI Funds Management Pvt. Ltd. (SBIFMPL) brings forward our expertise by consistently delivering value to our investors and SBIFMPL has a Joint Venture between SBI India’s largest bank and AMUNDI (France), one of the world’s leading fund management companies.
- Brand Name: SBI MF
- Headquarter:
- Website: www.sbimf.com/
SBI currently holds 63% stake in SBIFMPL and the 37% stake is held by AMUNDI Asset Management through a wholly owned subsidiary, Amundi India Holding. Initially this 37% holding was held by Societe Generale Asset Management S.A. (“SGAM”), a subsidiary of Societe Generale S.A (“SG”) which was transferred to Amundi in June 2011 with due approval of SEBI pursuant to SEBI (Mutual Funds) Regulations.
The SBIFMPL managed 39 open-ended schemes and 88 closed-ended schemes as of March 31, 2021. In current SBI mutual fund schemes are 149 they are
- Equity schemes: 28
- Hybrid Schemes: 20
- Debt Schemes: 78
- Other: 20
| AUM for SBIFMPL | 49,968763.00 |
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