Top 10 AMCs In India - TheMFCentral

Top 10 AMCs in India: Updated List Sep, 2024

Discover the Top 10 AMCs in India by assets under management (AUM) in 2024 and more. Explore the best-performing mutual funds and their detailed rankings. Learn how these AMCs dominate the Indian market.

Introduction: What is an AMC?
List of Top 10 AMCs in India by AUM (2024)
Full List of 44 AMCs in India (2024 Rankings)
How to Choose the Right AMC
Conclusion

1. Introduction: What is an AMC?

An Asset Management Company (AMC) is an organization that manages investments on behalf of clients. It pools funds from various investors and directs them into stocks, bonds, and other financial assets, helping investors achieve their financial goals. AMCs in India have become key players in the mutual fund industry, with over ₹66 lakh crore in Assets Under Management (AUM) as of September 2024.

In this article, we will cover the list of AMCs in India, ranked by their AUM. Whether you’re a seasoned investor or a beginner looking to invest, knowing the top AMCs in India is crucial to making informed investment decisions.

2. List of Top 10 AMCs in India by AUM (2024)

Here are the top 10 AMCs in India, ranked by their Average Assets Under Management (AAUM) for the quarter of July-September 2024:

SBI Mutual Fund – ₹1,098,643 crore
ICICI Prudential Mutual Fund – ₹841,227 crore
HDFC Mutual Fund – ₹758,798 crore
Nippon India Mutual Fund – ₹549,174 crore
Kotak Mahindra Mutual Fund – ₹470,178 crore
Aditya Birla Sun Life Mutual Fund – ₹383,309 crore
UTI Mutual Fund – ₹342,549 crore
Axis Mutual Fund – ₹312,338 crore
Mirae Asset Mutual Fund – ₹191,505 crore
DSP Mutual Fund – ₹182,494 crore

These AMCs are market leaders, offering a wide variety of mutual funds such as equity funds, debt funds, hybrid funds, and more. They play a critical role in helping investors build diversified portfolios.

3. Full List of 44 AMCs in India (2024 Rankings)

Here’s the complete list of AMCs in India ranked by their AAUM as of September 2024:

Rank	Mutual Fund Name	AAUM (₹ in Crores)
1	SBI Mutual Fund	1,098,643
2	ICICI Prudential Mutual Fund	841,227
3	HDFC Mutual Fund	758,798
4	Nippon India Mutual Fund	549,174
5	Kotak Mahindra Mutual Fund	470,178
6	Aditya Birla Sun Life Mutual Fund	383,309
7	UTI Mutual Fund	342,549
8	Axis Mutual Fund	312,338
9	Mirae Asset Mutual Fund	191,505
10	DSP Mutual Fund	182,494
11	Tata Mutual Fund	177,796
12	Bandhan Mutual Fund	156,853
13	Edelweiss Mutual Fund	141,790
14	HSBC Mutual Fund	127,236
15	Franklin Templeton Mutual Fund	110,336
16	Canara Robeco Mutual Fund	106,840
17	quant Mutual Fund	97,104
18	Invesco Mutual Fund	96,586
19	PPFAS Mutual Fund	87,596
20	Motilal Oswal Mutual Fund	70,495
21	Sundaram Mutual Fund	67,164
22	Baroda BNP Paribas Mutual Fund	45,174
23	LIC Mutual Fund	33,725
24	Mahindra Manulife Mutual Fund	28,150
25	PGIM India Mutual Fund	25,709
26	Union Mutual Fund	18,875
27	Bajaj Finserv Mutual Fund	15,593
28	WhiteOak Capital Mutual Fund	13,161
29	360 ONE Mutual Fund	11,784
30	JM Financial Mutual Fund	11,445
31	Bank of India Mutual Fund	10,336
32	ITI Mutual Fund	8,945
33	NJ Mutual Fund	6,678
34	Navi Mutual Fund	6,613
35	Zerodha Mutual Fund	2,643
36	Samco Mutual Fund	2,548
37	Quantum Mutual Fund	2,508
38	Helios Mutual Fund	2,289
39	Trust Mutual Fund	1,746
40	IL&FS Mutual Fund (IDF)	1,062
41	Groww Mutual Fund	1,047
42	Taurus Mutual Fund	910
43	Shriram Mutual Fund	782
44	Old Bridge Mutual Fund	643

The total AAUM of all these 44 AMCs stands at ₹6,622,377 crore as of September 2024.

4. How to Choose the Right AMC

When choosing an AMC, consider factors like:

Performance of Mutual Funds: Review past performance to see if the AMC has consistently delivered good returns across different fund categories.

Fund Management: Look into the expertise of the fund managers. A skilled fund manager can significantly improve fund performance.

Variety of Fund Options: The AMC should offer a wide range of fund options, such as equity, debt, hybrid, and sectoral funds, to match your financial goals.

Customer Support: Good customer service is important for resolving queries, making transactions, and ensuring smooth fund management.

For more information on choosing mutual funds, visit trusted financial resources like SEBI or AMFI.

5. Conclusion

The Indian mutual fund industry is vast and continues to grow. With more than ₹6.6 lakh crore under management, investors have numerous opportunities to invest in funds managed by some of the top AMCs in India. Whether you’re looking for long-term growth, short-term gains, or tax-saving instruments, these AMCs have you covered.

*AMC: Asset Management Company