An Asset Management Company (AMC) is a firm that pools money from investors and puts the pooled money in a basket of securities. These securities can be stocks, bonds, debentures, real estate, or money market instruments. The proportion of investment in each asset class differs as per fund type. AMCs also charge a fund management fee, within the Securities and Exchange Board of India’s (SEBI) prescribed fee limits, for their services.
Top AMCs in India – AN overview before you make stock market investments
- SBI Mutual Fund
SBI mutual fund is currently ranked one among the top AMCs in India 2021, with AUM (Assets Under Management) to the tune of Rs. 5,79,318.28 crore as of October 11, 2021. Presently, it is the largest AMC in India, offering 135+ fund schemes and having a mammoth investor base. Moreover, it is one of the oldest and coveted AMCs in the country, with 30+ years of robust fund management experience. Innovation-led growth, superior stock selection, active portfolio management based on fundamental analysis, and enterprise-level risk optimisation are the core features of its investment philosophy. It continually strives to outperform the market indices using its research and risk management expertise.
- ICICI Prudential Mutual Fund
The current total AUM of ICICI Prudential Mutual Fund equals Rs. 4,67,541.78 crore, thereby catapulting it to the second spot among the top 5 AMCs in India 2021. With 20+ years of rich fund management experience, ICICI Prudential Mutual Fund currently boasts 62 lakhs+ investors and 68 fund schemes. Its primary objective is to help investors fulfil their financial goals by generating high risk-adjusted returns. A process-driven and innovation-led investment approach forms the backbone of its investment philosophy.
- HDFC Mutual Fund
HDFC Mutual Fund is currently the third largest AMC in India, with a total AUM of Rs. 4,41,851.58 crores. It became an AMC listed in NSE after carrying out an IPO in FY 2018-19. It has about 91 lakhs investor accounts, around 122 schemes, and is a leader in the equity-oriented funds market segment. Thorough research, risk optimisation, constant market review, and portfolio rebalancing are the building blocks of its investment philosophy, its main objective is to help investors profit from financial markets without constant fear of market volatility.
- Aditya Birla Sun Life Mutual Fund
The fourth-ranked top AMC in India 2021 based on current AUM figures is Aditya Birla Sun Life Mutual Fund. It is well-known for its consistent performance with an AUM of Rs. 2,99,381.69 crore and 112 fund schemes in its kitty. Moreover, it has an active investor base of 25+ million and 900+ branches pan-India. Birla Sun Life AMC aims at deepening mutual fund penetration across the country. Smart solutions, digitisation of fund services, user-friendly systems, and a systematic investing approach are its striking features.
As of October 11, 2021, the top-rated funds in the stock market today from the top AMCs in India 2021 include SBI Contra Fund, ICICI Prudential Focused Equity Fund, HDFC Low Duration Fund, and Aditya Birla Sun Life Tax Plan. You can consult a financial advisor to guide you on what kind of stocks to invest in according to your financial goals, risk tolerance, and current portfolio. It is advisable to make all stock market decisions by consulting an expert.