In India, more and more people are choosing mutual funds as their preferred way to invest money. Unlike traditional methods like gold or real estate, mutual funds have gained popularity for their potential to offer higher returns.
Experts reveal that India’s mutual fund industry has tremendous growth potential, managing assets worth Rs. 52,74,001 crore as of January 31, 2024. In this article, we will explore the list of all mutual fund companies in India.
List of All Mutual Fund Companies in India
- SBI Funds Management Ltd
- HDFC Asset Management Co Ltd
- Nippon Life India Asset Management Ltd
- Kotak Mahindra Asset Management Co Ltd
- Aditya Birla Sun Life AMC Ltd
- Axis Asset Management Company Ltd
- UTI Asset Management Co Ltd
- Mirae Asset Investment Managers (India) Private Ltd
- ICICI Prudential Asset Management Company Ltd
- Edelweiss Asset Management Ltd
- DSP Asset Managers Private Ltd
- Tata Asset Management Ltd
- Bandhan Asset Management Company Ltd
- HSBC Asset Management (India)Private Ltd
- Canara Robeco Asset Management Co. Ltd
- Franklin Templeton Asset Mgmt (IND)Pvt Ltd
- Invesco Asset Management (India) Private Ltd
- PPFAS Asset Management Pvt. Ltd
- Quant Money Managers Limited
- Sundaram Asset Management Company Ltd
- Motilal Oswal Asset Management Co. Ltd
- Baroda BNP Paribas Asset Management India Pvt. Ltd
- PGIM India Asset Management Private Ltd
- LIC Mutual Fund Asset Management Ltd
- Mahindra Manulife Investment Management Pvt. Ltd
- Union Asset Management Co. Pvt. Ltd.
- JM Financial Asset Management Ltd
- Bajaj Finserv Asset Management Ltd
- 360 ONE Asset Management Ltd
- WhiteOak Capital Asset Management Ltd
- Bank of India Investment Managers Private Ltd
- ITI Asset Management Ltd
- NJ Asset Management Private Ltd
- Navi AMC Ltd
- DSP Asset Managers Private Limited
- Quantum Asset Management Co Pvt. Ltd
- Samco Asset Management Pvt Ltd
- IDBI Asset Management Ltd
- Zerodha Asset Management Private Ltd
- Trust Asset Management Private Ltd
While we have listed 40 top mutual fund companies in India in 2024, it’s good to know a bit more about them. Read on for more information!
1. SBI Funds Management Ltd
SBI Funds Management Limited functions as a joint enterprise involving SBI and AMUNDI to provide an extensive variety of mutual funds and portfolio management services.
2. HDFC Asset Management Co Ltd
It is an HDFC Bank subsidiary, offering a wide range of mutual funds, ETFs and portfolio management services. It is one of India’s biggest and most profitable mutual fund managers.
3. Nippon Life India Asset Management Ltd
Nippon Life India Asset Management, which used to be known as Reliance Nippon Life Asset Management. It provides mutual funds, ETFs and portfolio management services.
4. Kotak Mahindra Asset Management Co Ltd
Kotak Mahindra Asset Management Co Ltd. is a completely owned subsidiary of Kotak Mahindra Bank. It offers various mutual funds and portfolio management services.
5. Aditya Birla Sun Life AMC Ltd
Aditya Birla Sun Life AMC Ltd is a joint venture between Aditya Birla Capital and Sun Life Financial. It offers Portfolio Management Services, Real Estate Investments, and Alternative Investment Funds.
6. Axis Asset Management Company Limited
Axis Asset Management Company Limited is a subsidiary of Axis Bank, incorporated in 2009. It provides investment management services, managing mutual funds, and offering portfolio management and advisory services.
7. UTI Asset Management Co Ltd
UTI Asset Management Co Ltd is one of the largest asset managers in India. It has a nationwide network comprising 190+ UTI Financial Centres.
8. Mirae Asset Investment Managers (India) Private Limited
Mirae Asset Investment Managers (India) Private Limited is a subsidiary of Mirae Asset Financial Group, offering mutual funds and portfolio management services.
9. ICICI Prudential Asset Management Company Limited
ICICI Prudential Asset Management Company Limited is a subsidiary of ICICI Bank. It provides a comprehensive suite of investment solutions, including mutual funds and portfolio management services
10. Edelweiss Asset Management Limited
Edelweiss Asset Management Limited is an arm of Edelweiss Group. It offers alternatives and traditional mutual funds and is one of India’s leading asset managers.
11. DSP Asset Managers Private Limited
DSP Asset Managers Private Limited is a 100% independent Indian AMC, backed by the DSP Group.
12. Tata Asset Management Limited
Tata Asset Management Limited, a subsidiary of Tata Sons, manages investments of Tata Mutual Fund and offers a wide range of mutual funds.
13. Bandhan Asset Management Company Limited
Bandhan Asset Management Company Limited is a leading AMC in India. It offers a comprehensive product suite with 60+ schemes across Mutual Funds and PMS.
14. HSBC Asset Management (India)Private Ltd
HSBC Asset Management (India) Private Limited is a global asset manager that connects clients to global investment opportunities via mutual funds.
15. Canara Robeco Asset Management Co. Ltd.
Canara Robeco Asset Management Co. Ltd. is a joint venture between Canara Bank and Robeco. It offers wealth management, equities, mutual funds, investment strategies, financial planning, and advisory services.
16. Franklin Templeton Asset Mgmt (IND)Pvt Ltd
A global investment management organization known for its world-class investment teams, long-term perspective and service excellence.
17. Invesco Asset Management (India) Private Ltd
A leading independent global investment firm dedicated to delivering an investment experience that helps people get more out of life.
18. PPFAS Asset Management Pvt. Ltd
PPFAS Asset Management Pvt. Ltd is promoted by Parag Parikh Financial Advisory Services Ltd. It offers mutual fund schemes to Indian and foreign investors.
19. Quant Money Managers Limited
Quant Money Managers Limited, formerly known as Escorts Asset Management Limited, is a renowned financial services company offering a diverse set of investment products across asset classes.
20. Sundaram Asset Management Company Ltd
Sundaram Asset Management Company Ltd is an investment management firm offering asset management, portfolio construction, financial planning, and investment advisory services. It serves customers worldwide.
21. Motilal Oswal Asset Management Co. Ltd
Motilal Oswal Asset Management Co. Ltd is an investment manager offering a broad range of equity and fixed-income solutions to retail and institutional investors.
22. Baroda BNP Paribas Asset Management India Pvt. Ltd.
Baroda BNP Paribas Asset Management India Pvt. Ltd. is a mutual fund company offering various schemes such as equity, debt, hybrid, and international.
23. PGIM India Asset Management Private Limited
PGIM India Asset Management Private Limited is a wholly-owned business of PGIM, the global investment management business of Prudential Financial, Inc. (PFI).
24. LIC Mutual Fund Asset Management Limited
LIC Mutual Fund Asset Management Limited is a subsidiary of LIC. It offers funds across categories like equity, debt, ETF, hybrid, and liquid.
25. Mahindra Manulife Investment Management Pvt. Ltd.
Mahindra Manulife Investment Management Pvt. Ltd. is a joint venture between Mahindra & Mahindra Financial Services and Manulife Investment Management.
26. Union Asset Management Co. Pvt. Ltd.
Union Asset Management Co. Pvt. Ltd., a subsidiary of Union Bank of India, offers diverse financial solutions and mutual funds.
27. JM Financial Asset Management Limited
JM Financial Mutual Fund offers a variety of schemes across equity, fixed income, and hybrid categories, serving diverse investment needs.
28. Bajaj Finserv Asset Management Limited
Bajaj Finserv Mutual Fund offers innovative investment solutions with a differentiated strategy, providing a platform for investing in over 1000 mutual fund schemes.
29. 360 ONE Asset Management Limited
360 ONE, previously IIFL Wealth & Asset Management, offers holistic wealth management and alternate-focused asset services.
30. WhiteOak Capital Asset Management Limited
WhiteOak Capital Mutual Fund, founded by Prashant Khemka in 2017, offers various mutual fund schemes catering to different investment objectives and risk appetites.
31. Bank of India Investment Managers Private Limited
Bank of India Investment Managers Pvt. Ltd., a wholly-owned subsidiary of Bank of India, offers diverse investment solutions.
32. ITI Asset Management Limited
ITI Mutual Fund, known for its integrity and professionalism, offers simple investment solutions and a variety of mutual funds in India.
33. NJ Asset Management Private Limited
NJ Mutual Fund, a major mutual fund distributor in India, offers rule-based investing and a comprehensive data-driven approach to investing.
34. Navi AMC Limited
Navi Mutual Fund, renamed from Essel Finance Mutual Fund in 2021, offers a wide array of low-cost index funds, ELSS funds, and other investment options.
35. DSP Asset Managers Private Limited
DSP Mutual Fund offers a range of mutual fund schemes for different investment goals and risk profiles, including equity, debt, hybrid, index, and international funds.
36. Quantum Asset Management Co Pvt. Ltd.
Quantum Mutual Fund offers a range of schemes across equity, fixed income, and hybrid categories, serving diverse investment needs.
37. Samco Asset Management Pvt Ltd
Samco Mutual Fund, a part of Samco Securities, offers HexaShield Tested Investments in high-quality businesses for long-term wealth generation.
38. IDBI Asset Management Limited
IDBI Asset Management Limited, incorporated in 2010, is an investment management company offering asset management, mutual funds, equities, and financial planning services in India.
39. Zerodha Asset Management Private Limited
Zerodha Asset Management Private Limited, incorporated in 2021, is an Indian company focused on building passive investment products. Its registered office is in Bangalore, Karnataka.
40. Trust Asset Management Private Limited
Trust Asset Management Private Limited, part of the Trust Group, offers structured investment approaches with Limited Active Methodology in portfolio creation.
Conclusion
India has various mutual fund companies offering investment opportunities. Each of these top AMCs has its own expertise and pros and cons. It’s essential to research and choose wisely based on individual financial goals and risk appetite.
