Asset Management on WebNotes

Aditya Birla Sun Life Mutual Fund

Tue, 12 May 2026 00:00:00 +0000

Aditya Birla Sun Life Mutual Fund (ABSL MF) is an Indian asset management company, formally incorporated as Aditya Birla Sun Life AMC Limited, and one of the larger mutual funds in India by assets under management. Sponsored by Aditya Birla Capital Limited (the financial services arm of the Aditya Birla Group) in joint venture with Sun Life Financial Inc. of Canada, ABSL AMC managed assets exceeding Rs 3.5 lakh crore as of March 2024. The fund house was established in 1994 and is listed on the National Stock Exchange and Bombay Stock Exchange (listed in September 2021).

Axis Mutual Fund

Tue, 12 May 2026 00:00:00 +0000

Axis Mutual Fund is an Indian asset management company, formally incorporated as Axis Asset Management Company Limited, sponsored by Axis Bank Limited, India’s third-largest private sector bank. As of March 2024, Axis AMC managed assets exceeding Rs 2.5 lakh crore across equity, debt, hybrid, and passive categories. The fund house was established in 2009 and built its equity franchise on a quality-growth investment philosophy, gaining significant market share during the 2015–2021 period when quality and consumer-facing companies outperformed the broader market.

Bajaj Finserv Mutual Fund

Tue, 12 May 2026 00:00:00 +0000

Bajaj Finserv Mutual Fund is an Indian asset management company, formally incorporated as Bajaj Finserv Asset Management Limited, and among the newest entrants to the SEBI-registered mutual fund industry in India, having launched its first schemes in 2023. The fund house is sponsored by Bajaj Finserv Limited, the holding company for the Bajaj Group’s financial services businesses, including Bajaj Finance Limited (the NBFC), Bajaj Allianz Life Insurance, and Bajaj Allianz General Insurance.

Bandhan Mutual Fund

Tue, 12 May 2026 00:00:00 +0000

Bandhan Mutual Fund is an Indian asset management company, the successor to IDFC Mutual Fund following the acquisition of IDFC Asset Management Company Limited by Bandhan Financial Holdings Limited (the parent entity of Bandhan Bank Limited) in 2022. The rebranding from IDFC Mutual Fund to Bandhan Mutual Fund was completed in 2023. As of March 2024, the fund house managed assets exceeding Rs 1.3 lakh crore across equity, debt, hybrid, and passive categories.

Baroda BNP Paribas Mutual Fund

Tue, 12 May 2026 00:00:00 +0000

Baroda BNP Paribas Mutual Fund is an Indian asset management company, formally incorporated as Baroda BNP Paribas Asset Management India Private Limited, resulting from the 2022 merger of Baroda Asset Management India Limited (sponsored by Bank of Baroda) and BNP Paribas Asset Management India Private Limited (the Indian operations of BNP Paribas Asset Management). As of March 2024, the combined entity managed assets of approximately Rs 25,000–30,000 crore.

For the historical background of the individual entities prior to their merger, see Baroda Mutual Fund (historical) and BNP Paribas Mutual Fund (historical).

Canara Robeco Mutual Fund

Tue, 12 May 2026 00:00:00 +0000

Canara Robeco Mutual Fund is an Indian asset management company, formally incorporated as Canara Robeco Asset Management Company Limited, operating as a joint venture between Canara Bank (a major Indian public sector bank) and Robeco Groep N.V. of the Netherlands (a global asset management group known for quantitative and sustainable investing). As of March 2024, Canara Robeco AMC managed assets exceeding Rs 90,000 crore.

Canara Bank is the majority sponsor, consistent with its role as a large public sector institution with extensive retail distribution. Robeco Groep (owned by ORIX Corporation of Japan) brings international investment process and research capabilities.

DSP Mutual Fund

Tue, 12 May 2026 00:00:00 +0000

DSP Mutual Fund is an Indian asset management company, formally incorporated as DSP Investment Managers Private Limited, and sponsored and wholly owned by the DSP Group, the Mumbai-based financial services and investment group founded by Hemendra Kothari. As of March 2024, DSP Mutual Fund managed assets exceeding Rs 1.4 lakh crore across equity, debt, hybrid, and passive categories. The fund house is the successor to DSP BlackRock Mutual Fund following the DSP Group’s buyout of BlackRock’s 40% stake in 2018. A detailed history of the BlackRock joint venture era is in the DSP BlackRock Mutual Fund (historical) article.

Edelweiss Mutual Fund

Tue, 12 May 2026 00:00:00 +0000

Edelweiss Mutual Fund is an Indian asset management company, formally incorporated as Edelweiss Asset Management Limited, and sponsored by Edelweiss Financial Services Limited, the Mumbai-based diversified financial services group. As of March 2024, the fund house managed assets exceeding Rs 1 lakh crore across equity, debt, hybrid, passive, and alternative investment fund categories.

Edelweiss MF occupies a distinctive position in the Indian AMC landscape through two notable product categories: the Bharat Bond ETF series (a unique AAA-rated corporate bond ETF backed by public sector enterprises), managed on behalf of the government, and its range of alternative strategy funds targeting returns uncorrelated with conventional equity or debt markets.

Franklin Templeton India Mutual Fund

Tue, 12 May 2026 00:00:00 +0000

Franklin Templeton India Mutual Fund is the Indian operations of Franklin Templeton Investments, the US-headquartered global asset management company founded in New York in 1947 and now part of Franklin Resources Inc. The Indian operations are conducted through Franklin Templeton Asset Management (India) Private Limited, registered with SEBI as an AMC, and have been active in India since 1996. As of March 2024, the fund house managed assets of approximately Rs 1.3 lakh crore, a recovery from the significant AUM reduction that followed the winding-up of six debt schemes in April 2020.

Franklin Templeton winding-up (2020)

Tue, 12 May 2026 00:00:00 +0000

The Franklin Templeton winding-up (2020) refers to the decision by Franklin Templeton Asset Management (India) Private Limited to wind up six open-ended debt mutual fund schemes on 23 April 2020, citing severe liquidity stress attributable to the market disruption caused by the Covid-19 pandemic. The six schemes had a combined assets under management of approximately Rs 28,000 crore and approximately 3 lakh investor accounts (folios). The event is the largest involuntary closure of open-ended mutual fund schemes in Indian mutual fund history and prompted significant judicial and regulatory responses.

HDFC Mutual Fund

Tue, 12 May 2026 00:00:00 +0000

HDFC Mutual Fund is an Indian asset management company, formally constituted as HDFC Asset Management Company Limited (HDFC AMC), and is one of the two or three largest mutual funds in India by assets under management. Sponsored by HDFC Limited (the mortgage finance corporation) and abrdn plc (formerly Aberdeen Standard Investments) of the United Kingdom, the AMC managed assets exceeding Rs 6 lakh crore as of March 2024. HDFC AMC was incorporated in 1999 and launched its first schemes in 2000, building a comprehensive product range across equity, debt, hybrid, and passive categories. It listed its shares on the National Stock Exchange and Bombay Stock Exchange in August 2018, becoming one of the first Indian AMCs to be publicly traded.

HSBC Mutual Fund

Tue, 12 May 2026 00:00:00 +0000

HSBC Mutual Fund is the Indian mutual fund operations of the HSBC Group, formally managed through HSBC Asset Management (India) Private Limited, a subsidiary of HSBC Securities and Capital Markets (India) Private Limited. The fund house was established in 2001 and entered a new phase in 2023 when it completed the acquisition of L&T Investment Management Limited (formerly L&T Mutual Fund), substantially expanding its AUM and scheme count. As of March 2024, HSBC Mutual Fund managed assets exceeding Rs 1 lakh crore, positioning it in the mid-size bracket of the Indian AMC industry.

ICICI Prudential Mutual Fund

Tue, 12 May 2026 00:00:00 +0000

ICICI Prudential Mutual Fund is an Indian asset management company, formally constituted as ICICI Prudential Asset Management Company Limited, and is consistently one of the two or three largest mutual funds in India by assets under management. The AMC is jointly sponsored by ICICI Bank Limited, India’s second-largest private sector bank, and Prudential plc of the United Kingdom, one of the world’s largest financial services groups. As of March 2024, ICICI Prudential AMC managed assets exceeding Rs 7 lakh crore across over 100 schemes spanning equity, debt, hybrid, passive, and solution-oriented categories.

Invesco Mutual Fund India

Tue, 12 May 2026 00:00:00 +0000

Invesco Mutual Fund India is an Indian asset management company, formally incorporated as Invesco Asset Management (India) Private Limited, and the Indian subsidiary of Invesco Ltd, the Atlanta-headquartered global investment management company. As of March 2024, Invesco India AMC managed assets of approximately Rs 12,000–15,000 crore across equity, debt, and hybrid schemes.

The fund house originated as a joint venture between the Religare group (the Indian financial services group associated with the Singh family of Fortis Healthcare and Ranbaxy fame) and Invesco Ltd in 2006. Following the Religare group’s financial difficulties and strategic exit from various financial services businesses, Invesco acquired full control of the Indian AMC. The entity was renamed from Religare Invesco Asset Management to Invesco Asset Management (India) in 2016.

Kotak Mahindra Mutual Fund

Tue, 12 May 2026 00:00:00 +0000

Kotak Mahindra Mutual Fund is an Indian asset management company, formally incorporated as Kotak Mahindra Asset Management Company Limited (KMAMC), sponsored by Kotak Mahindra Bank Limited, one of India’s leading private sector banks. As of March 2024, the fund house managed assets under management exceeding Rs 3.5 lakh crore across over 100 schemes covering equity, debt, hybrid, and passive categories. The AMC was established in 1998 and is headquartered in Mumbai.

LIC Mutual Fund

Tue, 12 May 2026 00:00:00 +0000

LIC Mutual Fund is an Indian asset management company, formally incorporated as LIC Mutual Fund Asset Management Limited, sponsored by Life Insurance Corporation of India (LIC). LIC is the Government of India-owned life insurance giant and one of India’s largest institutional investors. LIC Mutual Fund was established in 1989 as one of the public sector bank and insurance company-sponsored AMCs that entered the market after the government opened the sector beyond the Unit Trust of India in 1987.

Mirae Asset Mutual Fund

Tue, 12 May 2026 00:00:00 +0000

Mirae Asset Mutual Fund is an Indian asset management company, formally incorporated as Mirae Asset Investment Managers (India) Private Limited, and the Indian operations of the Mirae Asset Global Investments group of South Korea. As of March 2024, the fund house managed assets exceeding Rs 1.7 lakh crore, making it one of the fastest-growing large AMCs in India over the preceding decade. Mirae Asset entered India in 2008 and has grown almost entirely organically, without acquisitions.

Motilal Oswal Mutual Fund

Tue, 12 May 2026 00:00:00 +0000

Motilal Oswal Mutual Fund is an Indian asset management company, formally incorporated as Motilal Oswal Asset Management Company Limited (MOAMC), and sponsored by Motilal Oswal Financial Services Limited, the Mumbai-based financial services group with businesses spanning equities broking, investment banking, wealth management, private equity, and housing finance.

As of March 2024, Motilal Oswal AMC managed assets exceeding Rs 70,000 crore across equity, hybrid, and passive categories. The fund house is associated with a distinctive quality-growth investment philosophy, branded as QGLP (Quality, Growth, Longevity, Price), applied through concentrated equity portfolios in its flagship schemes.

Mutual fund industry in India

Tue, 12 May 2026 00:00:00 +0000

The mutual fund industry in India encompasses all asset management companies (AMCs), schemes, and intermediaries that pool capital from retail and institutional investors to invest in securities markets under the regulatory oversight of the Securities and Exchange Board of India. As of March 2024, the industry managed assets under management (AUM) exceeding Rs 53 lakh crore (approximately USD 640 billion), spread across 44 SEBI-registered AMCs offering more than 1,500 distinct schemes. The industry serves over 180 million unique investor folios and channels a significant share of domestic household savings into equity and debt capital markets.

Nippon India Mutual Fund

Tue, 12 May 2026 00:00:00 +0000

Nippon India Mutual Fund is an Indian asset management company, formally incorporated as Nippon Life India Asset Management Limited (NAM India), and one of the largest mutual funds in India by assets under management. The AMC is sponsored by Nippon Life Insurance Company, one of Japan’s largest life insurers, which holds a majority stake. As of March 2024, the fund house managed assets exceeding Rs 4.5 lakh crore across over 100 schemes including equity, debt, hybrid, passive, and exchange-traded funds.

PGIM India Mutual Fund

Tue, 12 May 2026 00:00:00 +0000

PGIM India Mutual Fund is an Indian asset management company, formally incorporated as PGIM India Asset Management Private Limited, and the Indian operations of PGIM, the global investment management business of Prudential Financial Inc. (Newark, New Jersey, USA). The fund house operates as the successor to Pramerica Mutual Fund (historical), having rebranded in 2020 when Prudential Financial aligned its global asset management operations under the unified PGIM brand.

As of March 2024, PGIM India AMC managed assets of approximately Rs 25,000–30,000 crore, placing it in the smaller-to-mid bracket of Indian AMCs. The fund house is entirely owned by PGIM with no domestic co-sponsor.

PPFAS Mutual Fund

Tue, 12 May 2026 00:00:00 +0000

PPFAS Mutual Fund is an Indian asset management company, formally incorporated as PPFAS Asset Management Private Limited, and sponsored by Parag Parikh Financial Advisory Services Limited (PPFAS). The fund house is among the most distinctively positioned AMCs in India, operating a small but highly regarded scheme portfolio anchored by the Parag Parikh Flexi Cap Fund, a global, equity-oriented fund that combines Indian equities with a meaningful allocation to international stocks, including US-listed companies such as Alphabet, Meta Platforms, and Amazon, alongside a cash and arbitrage overlay.

Quant Mutual Fund

Tue, 12 May 2026 00:00:00 +0000

Quant Mutual Fund is an Indian asset management company, formally incorporated as Quant Money Managers Limited, and one of the fastest-growing AMCs in India during the 2020–2024 period. The fund house is sponsored and controlled by Sandeep Tandon, its founder, promoter, and Managing Director. As of March 2024, Quant MF managed assets exceeding Rs 90,000 crore, having grown from under Rs 1,000 crore in 2020, an AUM increase exceeding 90 times in approximately four years.

Quantum Mutual Fund

Tue, 12 May 2026 00:00:00 +0000

Quantum Mutual Fund is an Indian asset management company, formally incorporated as Quantum Asset Management Company Private Limited, founded by Ajit Dayal and sponsored by Quantum Advisors Private Limited. The fund house is distinguished in Indian mutual fund history for having pioneered the no-commission, direct-plan model well before SEBI mandated direct plans industry-wide in 2013. Quantum MF launched its schemes in 2006 as direct-only products without distributor commissions, operating on the principle that investors should not bear the cost of distribution within the scheme’s expense ratio.

Reliance Mutual Fund (historical)

Tue, 12 May 2026 00:00:00 +0000

Reliance Mutual Fund was the brand name used by Reliance Capital Asset Management Limited, the asset management subsidiary of Reliance Capital Limited within the Reliance ADA Group (Anil Dhirubhai Ambani Group), from its establishment in 2004 until the rebranding to Nippon India Mutual Fund in October 2019. The fund house grew to become one of India’s largest AMCs during the mid-2000s to mid-2010s and operated a range of equity, debt, hybrid, and exchange-traded fund schemes. The historical Reliance Mutual Fund entity no longer exists as a separate brand; all its schemes, assets, and investor accounts are now part of Nippon India Mutual Fund.

SBI Mutual Fund

Tue, 12 May 2026 00:00:00 +0000

SBI Mutual Fund is an Indian asset management company incorporated as SBI Funds Management Limited (SBIFM), sponsored by the State Bank of India in association with AMUNDI S.A. of France. It is the largest mutual fund in India by assets under management, with an AUM exceeding Rs 9 lakh crore as of March 2024. The AMC was the first non-UTI mutual fund entity in India, having launched its first scheme in June 1987, and has operated continuously since, accumulating a scheme portfolio of over 100 open-ended funds across equity, debt, hybrid, passive, and solution-oriented categories.

Sundaram Mutual Fund

Tue, 12 May 2026 00:00:00 +0000

Sundaram Mutual Fund is an Indian asset management company, formally incorporated as Sundaram Asset Management Company Limited, sponsored by Sundaram Finance Limited, the Chennai-headquartered non-banking financial company and one of the oldest vehicle finance companies in India. As of March 2024, the fund house managed assets exceeding Rs 60,000 crore, including schemes transferred from Principal Mutual Fund (historical) following Principal’s exit from the Indian mutual fund market in 2022.

Sundaram MF is one of the few Indian AMCs headquartered outside Mumbai, reflecting its southern India commercial roots. The fund house has maintained a consistent equity investment philosophy and operated a focused product range, without the aggressive scheme proliferation seen in some larger AMCs.

Tata Mutual Fund

Tue, 12 May 2026 00:00:00 +0000

Tata Mutual Fund is an Indian asset management company, formally incorporated as Tata Asset Management Private Limited, sponsored by Tata Sons Private Limited and Tata Investment Corporation Limited. As of March 2024, the fund house managed assets exceeding Rs 1.5 lakh crore across over 50 schemes spanning equity, debt, hybrid, and passive categories. Tata Mutual Fund commenced operations in 1995 and is among the few Indian AMCs that are sponsored exclusively by domestic private sector entities without a foreign joint venture partner.

Unit Trust of India

Tue, 12 May 2026 00:00:00 +0000

The Unit Trust of India (UTI) was a statutory body established under the Unit Trust of India Act, 1963, by the Government of India in partnership with the Reserve Bank of India. It operated from 1964 until its bifurcation under the Unit Trust of India (Transfer of Undertaking and Repeal) Act, 2002. UTI was India’s first and, for over two decades, its only mutual fund entity, mobilising household savings through its network of agents and unit offices across the country. At its peak in the late 1990s, UTI managed assets of approximately Rs 78,000 crore and held unit accounts for tens of millions of small investors.

UTI Mutual Fund

Tue, 12 May 2026 00:00:00 +0000

UTI Mutual Fund is an Indian asset management company, formally incorporated as UTI Asset Management Company Limited (UTI AMC), and the institutional successor to the market-linked mutual fund business of the Unit Trust of India following the statutory bifurcation in 2003. The AMC manages assets across equity, debt, hybrid, passive, and solution-oriented categories. As of March 2024, UTI AMC managed assets in excess of Rs 2.8 lakh crore and is listed on the National Stock Exchange and Bombay Stock Exchange following its IPO in September–October 2020.

WhiteOak Capital Mutual Fund

Tue, 12 May 2026 00:00:00 +0000

WhiteOak Capital Mutual Fund is an Indian asset management company, formally incorporated as WhiteOak Capital Asset Management Limited, and one of the newer entrants to the regulated Indian mutual fund industry, having received SEBI registration and commenced scheme operations in 2022. The fund house is sponsored and led by Prashant Khemka, who previously served as Lead Portfolio Manager for Goldman Sachs Asset Management’s India and emerging market equity strategies, and subsequently founded White Oak Capital Management as a portfolio management service entity in 2017 before converting it into a mutual fund.

Zerodha AMC

Mon, 11 May 2026 00:00:00 +0000

Zerodha AMC Private Limited is a SEBI-registered asset management company (AMC) that forms part of the Zerodha group of financial services companies. Headquartered in Bengaluru, Karnataka, it was granted in-principle approval by SEBI in 2021 and launched its first mutual fund schemes under the Zerodha Fund House brand in 2023. The AMC manages a range of passive and low-cost index-linked schemes distributed primarily through Zerodha’s existing brokerage and investment platforms.

Zerodha AMC represents the group’s most direct entry into the regulated fund management industry, extending the firm’s low-cost philosophy from brokerage to wealth management. The company is sponsored by Zerodha Broking Limited and operates under a trust structure with a separate board of trustees, in accordance with the SEBI (Mutual Funds) Regulations, 1996.