There are 44 Asset Management Companies in India. Despite the presence of 44 AMCs in India, 80% of the inflows are in the top 10 asset management companies in India. This is because of the trust and reliability factor that the investors have in these mutual fund houses. Also one of the differentiating factor is the team of research analysts and fund managers which are employed by these large mutual fund houses. Following are the Asset Management Companies in India:
·HDFC Asset Management Company Ltd
·ICICI Prudential Asset Management Company Ltd
·Birla Sun Life Asset Management Company Ltd
·Reliance Capital Asset Management Ltd.
·Franklin Templeton Asset Management (India) Pvt Ltd
·Axis Asset Management Company Ltd.
·Baroda Pioneer Asset Management Company Ltd
·BNP Paribas Asset Management India Pvt Ltd
·BOI AXA Investment Managers Pvt Ltd
·Canara Robeco Asset Management Company Ltd
·Daiwa Asset Management (India) Pvt Ltd
·Deutsche Asset Management (India) Pvt. Ltd.
·DSP BlackRock Investment Managers Pvt.Ltd.
·Edelweiss Asset Management Ltd
·Escorts Asset Management Ltd
·FIL Fund Management Private Ltd
·Goldman Sachs Asset Management (India) Pvt Ltd.
·HSBC Asset Management (India) Pvt.Ltd.
·IDBI Asset Management Ltd.
·IDFC Asset Management Company Ltd
·India Infoline Asset Management Co. Ltd.
·Indiabulls Asset Management Company Ltd.
·ING Investment Management (India) Pvt. Ltd.
·JM Financial Asset Management Pvt Limited
·JPMorgan Asset Management India Pvt. Ltd.
·Kotak Mahindra Asset Management Company Ltd.
·L&T Investment Management Ltd.
·LIC NOMURA Mutual Fund Asset Management Company Ltd.
·Mirae Asset Global Investments (India) Pvt. Ltd.
·Morgan Stanley Investment Management Pvt Ltd.
·Motilal Oswal Asset Management Company Ltd.
·Peerless Funds Management Co. Ltd.
·Pine Bridge Investments Asset Management Company (India) Pvt. Ltd.
·Pramerica Asset Managers Private Ltd
·Principal PNB Asset Management Co. Pvt. Ltd.
·Quantum Asset Management Company Private Ltd.
·Religare Asset Management Company Private Ltd.
·Sahara Asset Management Company Private Ltd
·SBI Funds Management Private Ltd.
·Sundaram Asset Management Company Ltd
·Tata Asset Management Ltd
·Taurus Asset Management Company Ltd
·Union KBC Asset Management Company Pvt Ltd
·UTI Asset Management Company Ltd
While selecting an asset management company, an investor must keep this checklist handy and select the fund house on the basis of these factors:
1.Track Record
2.Width in terms of fund offerings
3.Size of asset under management
4.Number of companies against the asset management company and the redressal process.
