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Overview of the Indian mutual fund industry in 2023
06 July, 2023
The asset management industry in India is experiencing brisk growth in assets under management driven by financialisation and expectations for further penetration into an untapped growing population. The article aims to provide an overview of the industry highlighting key trends. MFs, dominated by equity, being challenged by AIFs McKinsey estimated the industry’s overall AUM increased
- Published in Business Issues, Featured
Nippon Life India Asset Management (MF)
06 July, 2020
About Nippon Life Asset Management Ltd. started mutual fund operations in 1995 as the asset manager for Reliance Mutual Fund, part of the Anil Ambani (ADAG) group. The Reliance stake was sold to Japanese Nippon Life in 2019. NAM was the first AMC to list on Indian stock exchanges in 2017. The AMC is sponsored
- Published in Dossiers on MF AMCs
PPFAS Asset Management (MF)
04 July, 2020
About Established in 2012, PPFAS Asset Management (PPFAS AMC), is sponsored by Parag Parikh Financial Advisory Services Pvt. Ltd. (PPFAS Ltd.), a boutique investment advisory firm incorporated in 1992. According to an AMFI report, the firm has assets under management of INR 24,800 Crores (~ USD 3.10 billion, conversion rate of INR 80) as of
- Published in Dossiers on MF AMCs
Mirae Asset
02 July, 2020
About Mirae Asset Investment Managers was incorporated in India in 2007. It is a subsidiary of Mirae Asset Financial Group headquartered in Seoul, South Korea. According to the firm’s website, it manages assets worth INR 121,280 Crores (~ USD 15.16 Billion) as of April 30, 2023. It operates a network of 22 branches and over 57
- Published in Dossiers on MF AMCs
Kotak Asset Management (MF)
02 July, 2020
About Kotak Mahindra AMC was established in December 1998 as a subsidiary of Kotak Mahindra Bank Limited. As per an AMFI report, it ranks as the fifth largest asset management company in India, with assets under management of INR 289,343 crores (~ USD 36.16 billion, conversion rate of $1 to INR 80) as of March
- Published in Dossiers on MF AMCs
Quant Money Managers
04 June, 2020
About Quant Money Managers (QMM) was incorporated in December 1995. It was approved to act as an asset management company in October, 2017. Its parent company is Quant Capital Finance & Investments Pvt. Limited. According to a fact sheet published by the firm, its AUM as of March 31, 2023 is INR 20,104 crores (~
- Published in Dossiers on MF AMCs