India’s Best Asset Management Companies in 2025
An Asset Management Company (AMC) is a financial institution that invests money on behalf of its clients. They pool money from investors and invest in diversified portfolios of assets, including bonds, equities, and real estate. The AMCs are managed by experienced fund managers of AMCs who aim to provide higher returns to their investors while managing the risk of the investments. AMCs perform research, analyse data and make
decisions regarding the management of investment portfolios. For the management of the assets of its customers, AMCs charge a fee, which is used to pay the expenses incurred during fund management.
Understanding Asset Under Management (AUM)
Assets under management refers to the total market value of the investments that are being managed by an entity on behalf of its clients. In mutual fund, the fund manager pools money from investors, which is used to invest in various assets. As these assets are market-based, their price keeps on fluctuating, which directly influences the mutual fund’s AUM.
AUM plays a significant role as it has a direct impact on the company’s revenue. A large AUM indicates higher fees, which brings more revenue to the company. The Indian mutual fund industry’s Average Assets Under Management (AAUM) has reached around Rs. 67.25 lakh crore as of January 2025.
Largest AMCs in India in 2025
| AMC | Managed Assets as of March 2024 |
| SBI Funds Management | ₹913,780.06 crores |
| ICICI Prudential Asset Management Company | ₹7,20,000 crores |
| HDFC Asset Management Co. Ltd. | ₹614,665.43 crores |
| Nippon Life India Asset Management | ₹438,276.85 crores |
| Kotak Mahindra Asset Management Co. Ltd. | ₹3.81 lakh crores |
| Aditya Birla Sunlife Asset Management | ₹315,777.58 crores |
| UTI Asset Management Company | ₹286,593.27 crores |
| Axis Asset Management Company | ₹266,826.23 crores |
| Mirae Asset Global Investments (India Pvt Ltd) | ₹1,73,787 crores |
| DSP Asset Management Company Ltd. | ₹138,986.33 crores |
1. SBI Funds management
SBI Mutual Fund, which is managed by SBI Funds Management, was established in 1992 by a joint venture between SBI and Amundi. In July 2004, SBI sold 37% of its fund, bringing Amundi as a partner. Additionally, SBI Mutual Fund acquired Daiwa Mutual Fund in 2013 from Daiwa Group of Japan.
2. ICICI Prudential Asset Management
The ICICI Prudential Mutual Fund was formed by ICICI Bank in partnership with Prudential Plc. in 1998. The AMC offers solution-based offerings, mutual fund solutions, and exchange-traded-funds that are further categorised into debt, equity and hybrid funds
3. HDFC Asset Management Company
The HDFC AMC is one of the leading AMCs in India, which was established in 2000. It is a well-known institute and has given stable returns to its customers. It offers various mutual fund schemes in debt, equity, and hybrid categories.
4. Nippon Life India Asset Management
It is one of the largest and fastest-growing AMCs in India, which manages Nippon India Mutual Fund (previously known as Reliance Mutual Fund). It was formed by the joint venture of Reliance Capital with Nippon Life Insurance of Japan. The fund offers investment in debt, equity, and pension schemes.
5. Kotak Mahindra Asset Management
It is the asset manager of Kotak Mahindra Mutual Fund, which was founded in 1998. It aims to meet the needs of investors with different risk-return profile. It offers various mutual funds, including debt funds, equity funds, hybrid funds, etc.
6. UTI Asset management Company
UTI AMC is one of the oldest and largest AMCs in India, which has been in existence since 1964. The UTI Mutual Fund, which is managed by UTI AMC, was registered with SEBI in Feb 2003. Its fund managers are actively involved in providing retirement solutions, portfolio management solutions, discretionary and non-discretionary services, alternative asset management and international banking.
7. Aditya Birla Sun Life Asset Management
Established in 1994, Aditya Birla Sun Life AMC is formed by the joint venture of Aditya Birla Group and Sun Life Financial Inc. of Canada. It has now taken place as India’s biggest AMCs. It offers a wide range of financial services, including portfolio management, real estate, and mutual fund schemes in equities, debt, and balanced funds.
8. Axis Asset Management Company
Axis Asset Management Company was established in 2009. Ever since its establishment, the company has grown rapidly and has ranked among India’s top AMCs. It is available in multiple locations and offers mutual fund schemes in equity, debt and hybrid categories.
9) 9. Mirae Asset Global Investments (India Pvt. Ltd.)
Formed in 2007, Mirae Asset Mutual Fund is managed by Mirae Asset Investment Managers (India) Pvt. Ltd., which is part of Mirae Asset Financial Group, a firm headquartered in South korea. It focuses on providing stable long-term performance to its clients.
10) DSP Asset Management Company
The DSP mutual fund was formed by a joint venture between Merrill Lynch Investment Managers and DSP Merrill Lynch Ltd. DSP offers various mutual fund schemes, such as equity, debt, and hybrid.
There has been a significant rise in the number of new entrants in the AMCs industry. New AMCs are offering new techniques and unique financial products .The entry of these new AMCs has increased the competition, which is forcing the existing companies to improve their services.
