Bajaj Finserv Asset Management (MF)

About Established on June 6, 2023, Bajaj Finserv AMC is a wholly owned subsidiary of Bajaj Finserv Limited. The AMC is expected to launch products across fixed income, equities and hybrid categories. It has filed its first seven schemes, the liquid fund, money market fund, overnight fund, arbitrage fund, large and mid-cap fund, balanced advantage

NJ Asset Management (MF)

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

White Oak Capital Asset Management (MF)

About WhiteOak Capital Asset Management is an investment management and advisory firm established by Prashant Khemka in June 2017. The AMC is a subsidiary of WhiteOak Capital group of companies after having acquired Yes Bank’s Asset Management business in November 2021. With operations across India, Singapore, Mauritius, the UK, and Switzerland, WhiteOak Capital has attracted

LIC Asset Management

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

ITI Asset Management (MF)

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

IL&FS Asset Management

https://www.ilfsinfrafund.com/

IIFCL Asset Management

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

UTI Asset Management (MF)

About UTI Mutual Fund is managed by UTI Asset Management Company Ltd, the eighth-largest asset management company in India. The AMC was incorporated on November 14, 2002 and commenced operations in the investment domain from February 1, 2003. It has more than 11 million active client base and nationwide presence with 70 schemes to offer.

IDFC Asset Management (MF)

About IDFC Mutual Fund was established in 2000. It was set up with the sponsorship of the Government of India (GOI) with a major portion of its shares held by the GOI, the Government of Singapore, AIG, the International Finance Corporation and JP Morgan, Citigroup, Morgan Stanley and Goldman Sachs. The AUM stands at INR

PGIM India Asset Management (MF)

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

JM Financial Asset Management

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

Principal Asset Management

About Principal Asset Management Pvt. Ltd is investment manager of Principal Mutual Fund. Principal AMC manages assets under various debt and equity funds with average AUM of 8631.56 Crs* contributed by over 5.6 Lac investors. The MF business was sold to Sundaram Asset Management in 2021. Principal surrendered its license and hence ceases to exist

Sundaram Asset Management (MF)

About Established in 1996, Sundaram Asset Management Company is a fully owned subsidiary by one of India’s oldest NBFCs – Sundaram Finance Limited (SFL). In 2021, the AMC acquired the Principal Asset Management business in India for INR 338.53 crores (~ $46.4 million @73 INR per USD). The AMC also has over 80 branches across

Canara Robeco Asset Management (MF)

About Canara Robeco is the second-oldest asset manager in India. It has been around since 1993, when they were known as Canbank Mutual Fund. The mutual fund was renamed Canara Robeco Mutual Fund in 2007 as a result of a joint venture between Canara Bank and the Robeco company. This combines the Indian market experience

Aditya Birla Sun Life Asset Management (MF)

About Established in 1994, Aditya Birla Sun Life AMC Limited (ABSL AMC) is a joint venture between Aditya Birla Capital Limited (ABCL) owning 51% and Sun Life Financial Inc, a global financial services group headquartered in Canada. ABCL is listed on the Indian stock exchanges while Sun Life is listed on the Toronto and NYSE

Nippon Life India Asset Management (MF)

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

Edelweiss Asset Management (MF)

About Edelweiss Asset Management Limited is owned and managed by Edelweiss Financial Services Limited, an Indian conglomerate operating in the financial services sector of the company since 1996.  As of March 30th, 2023, it had an AUM of Rs 1 Lakh crore (~ $13.5 billion @ 82 INR per USD) spread across 41 mutual fund

Franklin Templeton Asset Management (MF)

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. It was founded in 1947 by Rupert H. Johnson,

Mahindra Manulife Investment Management

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

SBI Funds Management

About SBI Mutual Fund is an asset management company owned by State Bank of India and incorporated in June 1987 with its corporate head office located in Mumbai, India. SBI Mutual Fund Trustee Company Private Limited is the trustee of the AMC. SBI Funds Management Pvt. Ltd. is a joint venture between the SBI, an

Quantum Asset Management

About Quantum Asset Management Company is owned by Quantum Advisors and the Quantum Mutual Fund. Quantum Advisors Private Limited was founded by Ajit Dayal in 1990. In December 2005, Quantum Asset Management Company Private Limited received the AMC license from SEBI. Quantum Mutual Fund was launched in 2006.  Ajit Dayal owns 50.8% stake in Quantum

PPFAS Asset Management (MF)

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

Motilal Oswal Asset Management (MF)

About Established in 2008, Motilal Oswal Asset Management Company (MOAMC) was set up by Motilal Oswal Financial Services Ltd (MOFSL) . MOAMC is sponsored by MOFSL. Currently the AMC manages over INR 49,000 crores  in assets (~ USD 6.12 Billion conversion rate of $1 to INR 80) as of March 31, 2023.  In addition to

Mirae Asset

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

L&T Investment Management

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

Kotak Asset Management (MF)

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

ICICI Prudential Asset Management (MF)

About ICICI Prudential Asset Management Company Limited was incorporated on June 22, 1993. The principal shareholders of the Company are ICICI Bank Limited, owning a 51% stake  and Prudential Corporation Holdings Limited, one of the UK’s largest players in the financial services sector,  owning 49% stake.  Asset under Management (AUM) of ICICI AMC stand at

HDFC Asset management (MF)

About Established in 1999, HDFC AMC entered into a joint venture in 2001 between Housing Development Finance Corporation Limited and Aberdeen Plc (now known as Abrdn Investment Management, previously Standard Life Investments Limited).  The Assets Under Management (AUM) of Indian Mutual Fund Industry as on April 30, 2023 stood at  ₹ 41,61,822 crores (~$ 507.43 

DSP Investment Managers (MF)

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

Axis Asset Management (MF)

About Set up in January 2009 as a wholly-owned subsidiary of Axis Bank, India’s third-largest private sector bank. Schroder Investment Management (Singapore) Limited (SIMSL) through its wholly owned subsidiary, Schroder Singapore Holdings Private Limited (SSHPL), holds 25% of the total issued and paid up equity share capital plus one share in Axis AMC and Axis

IIFL Asset Management (MF)

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 investors around the world. In 2022, IIFL Wealth & Asset Management rebranded itself as 360 ONE.  IIFL AMC manages an AUM of more than INR 55,000 crores (~$6.7 billion @ INR

Union Asset Management

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)

Trust Asset Management

About Trust Asset Management was established in October 2019, and it is owned by Trust Investment Advisors Private Limited, a company which is part of the TRUST Group. Trust Investment Advisors Private Limited (“TIAPL”) has been one of the top 5 corporate bond arrangers, alongside the other leading banks such as Axis, HDFC, SBI etc.

Taurus Asset Management

About Taurus was amongst the first few private sector mutual funds to be registered with SEBI in 1993.

Tata Asset Management (MF)

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, 2023, the total assets under management are INR 106,697 crores (~ $13.01 billion

Shriram Asset Management

About Shriram Asset Management is promoted by the south India based Shriram Group.

Quant Money Managers

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 (~

Navi Asset Management

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

Invesco Asset Management

About Invesco India Mutual Fund, was set up on 24 July 2006, by the sponsor – Invesco Hong Kong ltd. Invesco, a US-based fund house, entered India back in 2013 in partnership with Religare Securities Ltd. to form Religare Invesco Asset Management Co. Ltd. The former owned a 49% stake in the asset management company,

IDBI Asset Management

About IDBI Asset Management Limited was incorporated in 2010 as a subsidiary of IDBI Bank. Doesn’t seem to be remarkable so low priority.

HSBC Asset Management (MF)

About On December 12, 2001, HSBC AMC was incorporated and  HSBC Mutual Fund was established on May 27 2002,  with HSBC Securities and Capital Markets (India) Private Limited serving as the sponsor of HSBC AMC. The fund house has  over INR 87,088 Cr of Assets under Management (AUM) (~$10.62 billion @ 82 per USD) as

Baroda BNP Paribas Asset Management

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

BOI AXA Investment Managers

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