You must have heard mutual funds are as good as their managers. However, a manager becomes good with the resources he/ she has access to and that is the result of the fund house or Asset Management Company they belong to.
In India, mutual funds operate under the regulatory oversight of the Securities and Exchange Board of India. The country is home to several AMCs and each one offers a variety of schemes to meet the needs of different investors.
Here is a list of the top 10 AMCs that exist in India :
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SBI Mutual Fund
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ICICI Prudential Mutual Fund
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HDFC Mutual Fund
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Aditya Birla Sun Life Mutual Fund
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Kotak Mahindra Mutual Fund
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Nippon India Mutual Fund
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Motilal Oswal Mutual Fund
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UTI Mutual Fund
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IDFC Mutual Fund
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DSP Mutual Fund
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Motilal Oswal Asset Management Company Ltd.
MOAMC serves as the investment manager for Motilal Oswal Mutual Fund, under an Investment Management Agreement.
It offers both mutual fund management and Portfolio Management Services. The AMC engages in offshore fund management, financial consultancy, and research exchange, subject to regulatory and trustee approvals.
It has assets under management exceeding Rs 1.15 lakh crore across mutual funds, PMS, and AIF. MO AMC has 42.13 lakh client accounts and over 30 experienced investment professionals.
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SBI Mutual Fund has 37 years of expertise in fund management. It is backed by SBI and operates as a joint venture with AMUNDI, a global leader in fund management based in France.
SBI holds a 62.11% stake in SBI Funds Management Ltd. and AMUNDI owns 36.47%. AMUNDI offers strategic support and helps SBI FML adopt international best practices and maintain global standards.
As of March 2024, with assets under management worth Rs 9.14 lakh crore. SBI Mutual Fund ranks as the third-largest mutual fund house in India.
ICICI Prudential Asset Management Company was established as a joint venture between ICICI Bank and Prudential Plc group that is into health, savings, and protection solutions.
The company offers mutual funds, portfolio management services and international advisory mandates across asset classes such as debt, equity, and real estate.
ICICI Prudential AMC has a committed investor-centric approach and combines investment expertise, extensive resources, and structured processes.
HDFC AMC is India’s leading mutual fund manager that offers investment options for individuals, institutions, and intermediaries. It is a part of the trusted HDFC Group, and many of its schemes have successfully navigated multiple market cycles.
It manages assets worth Rs 6.1 trillion as of March 2024 and it is the largest and most profitable mutual fund in India.
ABSL AMC is jointly promoted by Aditya Birla Capital Limited and Sun Life AMC Investments Inc. It offers various services like PMS, Real Estate Investments, and AIF.
ABSL AMC is one of India’s leading asset managers, managing assets worth Rs 3.68 trillion across mutual funds, PMS, AIFs, offshore, and real estate offerings as of June 30, 2024.
Kotak Mahindra AMC
Kotak Mahindra became the first Indian NBFC to receive a banking licence from the Reserve Bank of India in February 2003. The group addresses the financial needs of both individual and institutional investors globally.
It has an AUM of Rs 3.81 lakh crore and operates 86 branches across 82 cities.
Nippon India Mutual Fund, formerly known as Reliance Mutual Fund, is India’s top asset management company. It has an AUM of Rs 4.31 lakh crore as of March 31, 2024.
It is sponsored by Nippon Life Insurance and managed by Nippon Life India Asset Management Ltd. It offers a wide range of equity, debt, and balanced funds.
UTI Mutual Fund has over 11 million investors and manages assets worth Rs 2.39 lakh crore. It has pioneered offerings such as ULIPs, offshore funds, and innovative schemes like UTI Mastershare and UTI Wealth Builder Fund.
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Bandhan Mutual Fund, formerly IDFC Mutual Fund, has been around in India’s financial sector since March 2000. It manages Rs 1.37 lakh crore in assets as of March 2024.
It has 76 mutual fund schemes under equity, debt, and hybrid categories, led by experienced fund managers.
DSP Mutual Fund has deep roots in stockbroking and focuses on securing client wealth and delivering investment excellence. It is led by Mr Hemendra Kothari and has mutual fund schemes across various categories.
Conclusion
Mutual funds offer flexibility, affordability, and diversification which makes them a popular investment choice in India. Selecting the right mutual fund house requires you to consider several factors like performance history, asset size, fund management expertise, expense ratios, and market reputation.
Make sure to align the fund house’s investment style with your financial goals and reviewing available investment options is also important.
By thoroughly assessing these elements, you can make an informed decision and choose a mutual fund house that best suits your investment needs.
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