10 Biggest AMCs in India - Asset Management Companies List cover

10 Biggest AMCs in India – Asset Management Companies List 2020!

List of the Biggest AMCs in India 2020: An Asset Management Company (AMC) manages a pool of funds collected from investors. Investors prefer to invest their money with AMC due to the level of diversification, the skill of the investment manager offered, along with other professional services. AMC’s attract investors who either do not possess much knowledge of the markets and would benefit from an investment manager or those who would rather allocate their precious time elsewhere.

A small retail investor will be able to invest in a very few stocks with the limited savings he has. By doing so he exposes himself to the additional risk if the shares of the company he invested in make a loss. In products offered by the AMC’s the huge pool of funds collected from investors is invested in a huge number of stocks protecting its investors from the losses of focused investment. AMCs designs various products to suit the needs of different investors. They create portfolios that suit the different risk appetites, tenure, tax benefits, etc. that the investors look for.

In this post, we’re going to look into the biggest AMCs in India for 2020. We’ll also cover the Asset Under Management (AUM) size, the total number of funds, and more important pieces of information related to these AMCs. Let’s get started.

10 Biggest AMCs in India 2020

The following are the top Indian AMCs with the largest Assets Under Management (AUM) as of March 2020.

1. SBI Mutual Fund

SBI mutual fund Biggest AMCs in India

AUM (In crore)Number of Funds
373498.27150

The SBI mutual fund was founded in 1987. At its inception, the MF was fully owned by State Bank of India (SBI) a public sector bank. In 2004 SBI disinvested 37% stake from its mutual funds which was taken up by global leaders Societe Generale Asset Management. In 2011 the stake held by Societe General was taken up by Amundi as part of a global movement to merge its asset management business with Crédit Agricole. SBI Mutual Fund is currently a joint venture between SBI and Amundi of France.

2. HDFC Asset Management Company 

HDFC Asset Management Company 

AUM (In Crores)Number of Funds
369782.8122

The Housing Development Finance Corporation Bank provides mutual fund services through its subsidiary HDFC Asset Management Company Limited. One of the leading AMCs in India, HDFC formed this Mutual fund company with Standard Life Investments and holds approx. 57.4% of its shares.

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3. ICICI Prudential Asset Management Company

ICICI Prudential Asset Management Company

AUM (in crores) Number of Funds
350634.37242

ICICI Prudential Mutual Fund was established in 1993 with 2 locations and 6 employees at the inception of the joint venture in 1998, to a current strength of more than 1000 employees with around 120 locations. Due to its substantial growth, it currently boasts more than 4 million investors. The AMC is a joint venture between ICICI Bank in India and Prudential Plc, one of the largest players in the financial services sectors in the UK.

4. Birla Sun Life Mutual Fund (BSLMF)

Birla Sun Life Mutual Fund (BSLMF)

AUM (in crores)Number of Funds
247521.68165

The Birla Sun Life Mutual fund was established in 1994 as a joint venture between Aditya Birla Capital Limited and Sun Life Financial Inc ( Canadian insurance provider founded in 1865)

5. Nippon India Asset Management Company 

Nippon India Asset Management Company 

AUM (in crores)Number of Funds
204857.79211

Nippon India AMC, earlier known as Reliance Asset Management Limited was founded by the late Dhirubhai Ambani and is one of the most popular AMCs in India. It was later run in a joint partnership with Nippon Life Insurance from Japan. In 2019 Nippon Life Insurance went on to own a 75% stake in the mutual fund allowing Anil Ambani owned Reliance to exit the Mutual fund industry.  After this, it came to be known as Nippon India Asset Management Company

6. Kotak Mahindra Asset Management Company 

Kotak Mahindra Asset Management Company 

AUM (in crores)Number of Funds
186081.33100

Kotak Mahindra Asset Management Company (KMAMC) started operation in 1998. The Kotak Mahindra AMC is one of the few wholly-owned subsidiaries among the top AMCs. It is a subsidiary of Kotak Mahindra Bank Limited (KMBL) and boasts an investor base of above 1.7 million investors.

Also read: 7 Best Mutual Fund Apps for Direct Investment

7. UTI Mutual Fund 

UTI Mutual Fund 

AUM (in crores)Number of Funds
151512.5182

UTI Asset Management is India’s oldest and largest mutual fund management company. The mutual fund industry in India originally began in 1963 with the Unit Trust of India (UTI). For a period it was the only source of mutual fund investment for Indian citizens in the 90s. UTI Mutual Fund is a Government of India and the Reserve Bank of India initiative.

8. Axis Asset Management Company

Axis Asset Management Company

AUM (in crores)Number of Funds
138401.6258

Axis Asset Management Company was launched in the year 2009. It is a joint venture between Axis Bank and Schroder Singapore Holdings Private Limited.

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9. Franklin Templeton

Franklin Templeton

AUM (in crores)Number of Funds
116222.9582

 The American establishment was set up as Templeton Asset Management India Pvt. Limited in India in the year 1996. Over 2 decades of consistent growth made Franklin Templeton as one of the largest foreign fund houses in India. 2020 however was seen as the worst year for Templeton Asset Management India as they ended up winding six of their debt mutual fund schemes in India. This has led to the company currently facing multiple litigations across the country.

10. IDFC Asset Management Company

IDFC Asset Management Company

AUM (in crores)Number of Funds
103893.1659

 IDFC Asset Management Company is one of the leading AMCs in India since its inception in 2000. It formes a part of Infrastructure Development Finance Company Limited a finance company based in India

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