India's financial powerhouses: Top 5 AMC giants shaping investment landscapes with soaring AUM
For the month of November 2023, SIP total amount collected was Rs 17,073 crore which is highest in any month
In the realm of financial management and investment, Asset Management Companies play a pivotal role in guiding individuals and institutions towards prudent investment decisions. These entities are entrusted with the task of managing funds and assets on behalf of their clients, aiming to optimize returns while balancing risk. India, a burgeoning market for investments, hosts several robust AMCs that have established themselves as leaders in the financial landscape.
Understanding AUM and AMC:
Before delving into the top players, it's crucial to grasp two fundamental terms: Assets Under Management (AUM) and Asset Management Company (AMC). AUM represents the total market value of assets that an investment company or financial institution manages on behalf of its clients. On the other hand, an Asset Management Company (AMC) is the entity responsible for managing these assets and funds.
Achievements of Indian Mutual Funds:
AUM of Indian Mutual Fund Industry as on November 30, 2023 stood at Rs 49.05 lakh crore. The AUM of the Indian MF Industry has grown from Rs 8.90 lakh crore as on November 30, 2013 to Rs 49.05 lakh crore as on November 30, 2023 more than 5 fold increase in a span of 10 years. For the month of November 2023, Systematic Investment Plan (SIP) total amount collected was Rs 17,073 crore which is highest in any month.
Here is the list of top 5 AMC with highest AUM as on November 30, 2023:
| Asset Management Company (AMC) |
Asset Under Management (AUM) (Rs Crore) |
No of Schemes |
| SBI Mutual Fund |
8,50,151 |
117 |
| ICICI Prudential Mutual Fund |
6,47,391 |
122 |
| HDFC Mutual Fund |
5,57,416 |
95 |
| Nippon Indian Mutual Fund |
3,83,888 |
104 |
| Kotak Mahindra Mutual Fund |
3,52,866 |
80 |
Disclaimer: The article is for informational purposes only and not investment advice.