NJ Asset Management (MF)
08 June, 2022
About NJ Asset Management Private Limited, is one of the newest AMCs in India, having received its license in April 2021. The AMC is a part of the NJ India Invest Group, with ‘NJ’ representing the initials of its founders – Neeraj Choksi and Jignesh Desai – first generation entrepreneurs who began the journey of
- Published in Dossiers on MF AMCs
White Oak Capital Asset Management (MF)
04 November, 2021
About White Oak Capital Asset Management is a subsidiary of White Oak Capital after having acquired Yes Bank’s asset management business in November 2021. The sponsor, White Oak Capital, is an investment management and advisory firm established by Prashant Khemka in June 2017, envisioning a performance-centric organization with a strong investment culture. It has operations
- Published in Dossiers on MF AMCs
LIC Asset Management
04 November, 2021
About LIC Mutual Fund was established on 20th April 1989 by LIC of India, as an associate company of Life Insurance Corporations of India. The AMC currently operates with funds Rs.17,817 cr. across 26 different schemes. Key staff T S Ramakrishnan Managing Director and Chief Executive Officer, effective .. Ramakrishnan has an experience of over
- Published in Dossiers on MF AMCs
ITI Asset Management (MF)
04 November, 2021
About ITI Asset Management Company Limited (ITI AMC) launched its mutual fund business in 2019. ITI AMC is part of Investment Trust of India Ltd (ITI Group). ITI Group was the promoter of the first private sector mutual fund launched in India, Pioneer ITI Mutual Fund, which later on was taken over by Franklin Templeton Mutual
- Published in Dossiers on MF AMCs
IL&FS Asset Management
04 November, 2021
https://www.ilfsinfrafund.com/
- Published in Dossiers on MF AMCs
IIFCL Asset Management
04 October, 2021
About Established in 2006. IIFCL Asset Management Co. Ltd. is a wholly owned by Govt of India. Their major goal is to channel long-term finance to viable infrastructure projects via a Special Purpose Vehicle (SPV) known as India Infrastructure Finance Company Ltd. (IIFCL). IIFCL MF IDF is sponsored by IIFCL (a “AA+” rated wholly owned
- Published in Dossiers on MF AMCs
UTI Asset Management (MF)
29 May, 2021
About UTI Mutual Fund is managed by UTI Asset Management Company Ltd, the seventh-largest asset management company in India. The AMC was established on November 14, 2002 and started functioning in the investment domain from February 1, 2003. It is one of the oldest and the largest mutual fund houses in India with more than
- Published in Dossiers on MF AMCs
IDFC Asset Management (MF)
29 May, 2021
About IDFC Mutual Fund was established in 2000 as a separate entity in the beginning but it was acquired in 2008-09 by IDFC AMC Ltd. It now works as IDFC’s Asset Management arm and works under the aegis of IDFC Asset Management Company Ltd (IDFC AMC). IDFC has announced the sale of the mutual fund
- Published in Dossiers on MF AMCs
PGIM India Asset Management (MF)
12 May, 2021
About PGIM India Asset Management is a wholly owned business of PGIM, the global investment management business of the US based Prudential Financial, Inc. (PFI). PFI had entered the Indian market through a joint venture with DHFL in 2014 under the brand ‘DHFL Pramerica Asset Managers’ (Pramerica being another brand owned by PFI) and immediately
- Published in Dossiers on MF AMCs
JM Financial Asset Management
04 April, 2021
About JM Financial Asset Management represents the mutual fund business of the JM Financial Group. It commenced operations in 1994 and is one of the oldest private sector mutual funds in the country. It has a base of over 16,000 distributors across India, covering multiple locations. This business offers a range of around 12 products
- Published in Dossiers on MF AMCs
Sundaram Asset Management (MF)
02 August, 2020
About Established in 1996, Sundaram Asset Management Company is a fully owned subsidiary of one of India’s oldest and most respected NBFCs – Sundaram Finance Limited (SFL). The sponsor, Sundaram Finance Limited, is an Indian financial and investment service provider, based in Chennai. The company offers consumer loans, wealth management, commercial finance, investment banking, private equity, treasury advisory, credit cards and
- Published in Dossiers on MF AMCs
Canara Robeco Asset Management (MF)
02 August, 2020
About Canara Robeco Asset Management was set up in 1993 making it one of the oldest AMCs in India. In 2007, Canara Bank partnered with the Robeco Group (since renamed to Orix Corporation Europe in 2018 following an acquisition by Japan-based conglomerate Orix Corporation). Canara Bank ( parent company of a Canara Robeco) is one
- Published in Dossiers on MF AMCs
Aditya Birla Sun Life Asset Management (MF)
06 July, 2020
About Established in 1994, Aditya Birla Sun Life AMC (ABSLAMC) is co-sponsored by Aditya Birla Capital Limited (ABCL) and Sun Life (India) AMC Investments Inc. wherein the former holds 51% of the AMC and the latter holds the remaining. The company was spun out and listed on the stock exchange in October 2021. As of
- Published in Dossiers on MF AMCs
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. The firm was the first AMC to list on Indian stock exchanges in 2017. NAM manages assets of …
- Published in Dossiers on MF AMCs
Edelweiss Asset Management (MF)
06 July, 2020
About Edelweiss Asset Management Limited is sponsored and managed by Edelweiss Financial Services Limited, an Indian conglomerate operating in the financial services sector of the company since 1996. In 2014, Edelweiss Financial Services acquired Mumbai-based asset management company, Forefront Capital Management. In 2016, it completed the acquisition of fund schemes of JP Morgan Asset Management
- Published in Dossiers on MF AMCs
Franklin Templeton Asset Management (MF)
04 July, 2020
About Franklin Templeton’s India office was set up in 1996 as Templeton Asset Management India Pvt. Limited. It flagged off the mutual fund business with the launch of Templeton India Growth Fund in September 1996. Franklin Templeton Investments is a global investment firm and holding company that is headquartered in New York City, New York
- Published in Dossiers on MF AMCs
Mahindra Manulife Investment Management
04 July, 2020
About Mahindra Manulife Investment Management Pvt Ltd (Formerly Mahindra Asset Management Company Pvt Ltd) registered its new name with SEBI on June 1, 2020. The joint venture of Mahindra & Mahindra Financial Services Limited and Manulife Investment Management (Singapore) Pte. Ltd. brings together Mahindra’s domestic market strength and track record of successfully building businesses focused
- Published in Dossiers on MF AMCs
SBI Funds Management
04 July, 2020
About SBI Mutual Fund is an asset management company sponsored by State Bank of India, and trustee is SBI Mutual Fund Trustee Company Private Limited. It was founded in June 1987 with its corporate headquarters located in Mumbai, India. SBI Funds Management Pvt. Ltd. is a Joint Venture between SBI and AMUNDI (France), one of
- Published in Dossiers on MF AMCs
Quantum Asset Management
04 July, 2020
About Key figures from financial statements – Financial year Income ($) Expenditure ($) PBT ($) PAT ($) Ended March 31, 2021 8,059,245.86 4,860,880.60 3,198,365.26 2,355,328.48 Ended March 31, 2020 8.077.475,65 4,987,974.54 3,089,501.11 2,253,731.60 Ended March 31, 2019 9,049,311.13 4,840,026.19 4,209,284.94 2,995,923.54 Key staff Jimmy Patel – Managing Director & CEO; Jimmy A Patel joined Quantum
- Published in Dossiers on MF AMCs
PPFAS Asset Management (MF)
04 July, 2020
About Established in 2012, PPFAS Asset Management (PPFAS AMC), is promoted by Parag Parikh Financial Advisory Services Pvt. Ltd. (PPFAS Ltd.), a boutique investment advisory firm incorporated in 1992. PPFAS Ltd. is also amongst India’s earliest SEBI Registered Portfolio Management Service (PMS) providers. The assets under management (AUM) have grown significantly in the past two
- Published in Dossiers on MF AMCs
Motilal Oswal Asset Management (MF)
04 July, 2020
About Established in 1987, Motilal Oswal Financial Services Ltd (MOFSL) was set up by Motilal Oswal and Raamdeo Agrawal as a broking house. In November 2008, Motilal Oswal Financial Services Ltd. set up a mutual fund business named Motilal Oswal Asset Management Company (MOAMC). It has been appointed as the investment manager to Motilal Oswal
- Published in Dossiers on MF AMCs
Mirae Asset
02 July, 2020
About Mirae Asset Investment Manager was incorporated in India on 2007. This company is specialised in Mutual Funds, Alternate Investments and Advisory Services. It’s a subsidiary of Mirae Asset Financial Group head quartered in Seoul, South Korea. Mirae Asset was founded by Hyeon Joo Park in 1997 and introduced the very first mutual funds to Korean retail
- Published in Dossiers on MF AMCs
L&T Investment Management
02 July, 2020
About Founded in 2010, L&T Investment Management Limited built its mutual fund business in two parts – first by acquiring DBS Cholamandalam Asset Management in 2009 and then by acquiring the Indian operations of Fidelity Investments in 2012 in an aggressive move to boost growth in a highly competitive market. The sponsor for the AMC
- Published in Dossiers on MF AMCs
Kotak Asset Management (MF)
02 July, 2020
About Established in December 1998, it’s a subsidiary of Kotak Mahindra Bank Limited. Kotak Mahindra AMC is the 4th largest Mutual Fund estimated on quarterly AUM as of June, 2022. It’s the fastest growing Mutual Fund house in India. Kotak Mahindra AMC has a large investor base of over 8.1 million investors. Kotak Mahindra has
- Published in Dossiers on MF AMCs
ICICI Prudential Asset Management (MF)
02 July, 2020
About ICICI Prudential Asset Management Company Limited (‘the Company’) was incorporated on June 22, 1993. The principal shareholders of the Company are ICICI Bank Limited (51%) and Prudential Corporation Holdings Limited (49%), one of the UK’s largest players in the financial services sectors. It is listed in stock exchanges in London, Hong Kong, Singapore and
- Published in Dossiers on MF AMCs
HDFC Asset Management (MF)
02 July, 2020
About HDFC AMC is one of India’s largest mutual fund managers with USD 54 dollars in assets under management as on 31 March, 2021. Started in 1999, it was set up as a joint venture between Housing Development Finance Corporation Limited (“HDFC”) and Standard Life Investments Limited (“SLI”). During FY18-19 it carried out an initial
- Published in Dossiers on MF AMCs
DSP Investment Managers (MF)
02 July, 2020
About Set up in December 1996, DSP Investment Managers Private Limited is the asset management company of DSP Mutual Fund. The AMC shareholders are DSP ADIKO Holdings Private Limited (54%), DSP HMK Holdings Private Limited (34%) with the balance 12% held by Ms. Aditi Kothari Desai and Ms. Shuchi Kothari in equal proportion. The DSP Group, headed
- Published in Dossiers on MF AMCs
Axis Asset Management (MF)
19 June, 2020
About Axis Mutual Fund launched its first scheme in October 2009. It is the mutual fund wing of Axis bank. Axis Bank is one of the new generation private sector banks to have begun operations in 1994 in India. Schroder Investment Management (Singapore) Limited (SIMSL) through its wholly owned subsidiary, Schroder Singapore Holdings Private Limited
- Published in Dossiers on MF AMCs
IIFL Asset Management (MF)
18 June, 2020
About Launched in 2008, IIFL Asset Management Ltd. is an India-focused global asset management firm, with the objective of providing differentiated investment products for the sophisticated investors across the world to participate in India’s unique growth story. In 2022, IIFL Wealth & Asset Management rebranded itself as 360 ONE. IIFL AMC has a global presence
- Published in Dossiers on MF AMCs
Union Asset Management
04 June, 2020
About Union Asset Management Co Pvt Ltd is sponsored by Union Bank of India and Dai-ichi Life Holdings, Inc. Present in 18 cities with AUM of Rs. 5240.41 crore (Mar-31-2021)
- Published in Dossiers on MF AMCs
Trust Asset Management
04 June, 2020
About TRUST is one of India’s leading full-service financial houses. We provide solutions and services across multiple asset classes like debt, equity and real estate. We partner with clients for their investment banking, capital market services, asset management and advisory, and wealth management and family office advisory needs. TRUST Mutual Fund is sponsored by TRUST
- Published in Dossiers on MF AMCs
Taurus Asset Management
04 June, 2020
About Taurus was amongst the first few private sector mutual funds to be registered with SEBI in 1993.
- Published in Dossiers on MF AMCs
Tata Asset Management (MF)
04 June, 2020
About Tata Asset Management Limited (TAML) was established in 1994 and is among the oldest asset management companies in the country. Tata Sons owns a 68% stake and Tata Investment Corporation Ltd owns a 32.09% stake in TAML. As of March 31, 2022, it has an asset under management of Rs 86,000 crores (~USD 10.5
- Published in Dossiers on MF AMCs
Shriram Asset Management
04 June, 2020
About Shriram Asset Management is promoted by the south India based Shriram Group.
- Published in Dossiers on MF AMCs
Quant Money Managers
04 June, 2020
About Incorporated in December 2007, the firm started its operations in May 2008 derived from the sponsor – Quant Capital Finance & Investments Pvt Ltd. Quant Money Managers Ltd (QMM) is an investment management firm offering a diverse set of investment products across asset classes. Its AUM as on 30th Sept, 2022 quarterly data is
- Published in Dossiers on MF AMCs
Navi Asset Management
04 June, 2020
About The Navi group took over Essel Mutual Fund in January 2021 and rebranded as Navi Asset Management. As of 30 November 2022, the AMC had a total domestic AUM of over ₹2023.58 crore (~USD $20m). It has a pan India presence in over 37 locations. Navi AMC Limited is the investment manager for Navi
- Published in Dossiers on MF AMCs
Invesco Asset Management
04 June, 2020
About Set up in xx, the firm is a wholly-owned subsidiary of a US-based global asset management firm. Founded in 1935, Invesco is an independent investment management company that is headquartered in Atlanta, Georgia, United States, and has branch offices in 20 countries. With about USD 1.5 trillion in assets under management around the globe,
- Published in Dossiers on MF AMCs
IDBI Asset Management
04 June, 2020
About IDBI Asset Management Limited was incorporated in 2010 as a subsidiary of IDBI Bank. Doesn’t seem to be remarkable so low priority.
- Published in Dossiers on MF AMCs
HSBC Asset Management (MF)
04 June, 2020
About HSBC Asset Management is a global asset management firm owned by HSBC Bank Group. While it has been present in India for a long time, it had not really succeeded in generating performance or gathering assets under management. In December 2021, it announced the acquisition of L&T Investment Management for $425 million. https://www.business-standard.com/article/companies/hsbc-amc-acquires-l-t-mutual-fund-for-around-rs-3-200-crore-121122301329_1.html It
- Published in Dossiers on MF AMCs
Baroda BNP Paribas Asset Management
04 June, 2020
Funds managed About Baroda Asset Management, a wholly owned subsidiary of the listed Bank of Baroda, merged with BNP Paribas Asset Management, effective March 2022. Bank of Baroda, the parent company of Baroda AMC, will hold 50.1% stake in the combined entity, while BNP Paribas AMC, the asset management arm of BNP Paribas, a leading
- Published in Dossiers on MF AMCs
BOI AXA Investment Managers
02 June, 2020
About BOI AXA Investment Managers Private Limited operated as a joint venture between Bank of India and AXA Investment Managers, a part of AXA Group, one of the world’s largest players in the Financial Protection industry. In December 2021, BOI bought out its foreign partner – https://www.business-standard.com/article/news-cm/bank-of-india-acquires-balance-stake-in-bol-axa-investment-managers-and-boi-axa-trustee-services-121122200550_1.html AXA was said to be looking for an
- Published in Dossiers on MF AMCs