AMC India on WebNotes

Bank of India Mutual Fund

Mon, 18 May 2026 00:00:00 +0000

Bank of India Mutual Fund is an Indian asset management company wholly owned by Bank of India, the public sector bank. The AMC operates under SEBI registration and the SEBI (Mutual Funds) Regulations 1996 framework. The current wholly-owned structure dates from 2022 when AXA Investment Managers exited the previous joint venture (Bank of India AXA Mutual Fund, 2008-2022), with Bank of India repurchasing AXA’s 49 per cent stake.

The AMC has had two distinct phases: the joint venture era under the Bank of India AXA brand from 2008 through 2022, and the post-AXA wholly-owned era from 2022 onward under the Bank of India Mutual Fund brand. AUM through both phases has remained in the mid-to-small tier of the Indian mutual fund industry, with the AMC operating as one of several public-sector-bank-sponsored mutual fund houses alongside SBI Mutual Fund , Canara Robeco Mutual Fund , Union Mutual Fund , and Baroda BNP Paribas Mutual Fund .

ITI Mutual Fund

Mon, 18 May 2026 00:00:00 +0000

ITI Mutual Fund is an Indian asset management company sponsored by ITI Investors Limited and managed by The Investment Trust of India Asset Management Company Limited. The AMC was operationalised in 2019 and is among the more recent entrants to the Indian mutual fund industry. ITI Mutual Fund operates under SEBI registration and the SEBI (Mutual Funds) Regulations 1996 framework.

The Investment Trust of India Group’s broader interests span investment banking, NBFC operations, insurance distribution, securities broking, and now asset management through the mutual fund AMC. The mutual fund operation positions ITI as a small to mid-sized AMC focused on systematic, research-driven investing across equity and debt categories. As of 2025, AUM is approximately Rs 5,000-7,000 crore, placing the AMC in the lower tier of the 44 SEBI-registered Indian AMCs.

JM Financial Mutual Fund

Mon, 18 May 2026 00:00:00 +0000

JM Financial Mutual Fund is one of the oldest private-sector mutual fund houses in India, established in 1994 by the JM Financial Group as one of the first wave of private AMCs that entered the Indian mutual fund market following the SEBI-led liberalisation of the early 1990s. The AMC operates under SEBI registration and the SEBI (Mutual Funds) Regulations 1996 framework, with continuous operation since its founding.

JM Financial Mutual Fund is part of the JM Financial Group, a diversified financial services conglomerate founded by Nimesh Kampani and his family. The group operates across investment banking, institutional securities, wealth management, private equity, real estate financing, and asset management. The mutual fund AMC has been a continuous part of the group through multiple structural transitions, including a notable Morgan Stanley joint venture (1997-2003) and the subsequent return to Indian sole ownership.

Mahindra Manulife Mutual Fund

Mon, 18 May 2026 00:00:00 +0000

Mahindra Manulife Mutual Fund is an Indian asset management company run as a 51:49 joint venture between Mahindra & Mahindra Financial Services Limited, the Mahindra group’s listed NBFC, and Manulife Investment Management (Singapore) Pte Ltd, the Asian arm of the Canadian financial group Manulife. The fund house operates under SEBI registration and the SEBI (Mutual Funds) Regulations, 1996 . As of June 2025 it managed about Rs 29,590 crore across roughly 57 schemes, rising to about Rs 33,324 crore by November 2025. Those figures put it in the lower-mid tier of the Indian mutual fund industry : bigger than long-tail houses but well outside the top 10, which all manage above Rs 2 lakh crore.

Samco Mutual Fund

Mon, 18 May 2026 00:00:00 +0000

Samco Mutual Fund is an Indian asset management company sponsored by Samco Securities, with the AMC operationalised in 2022 after SEBI approval. Samco Securities is a discount-brokerage and securities firm founded by Jimeet Modi, with a focus on active retail trading and investing. The AMC’s positioning aligns with the parent broker’s emphasis on active equity strategies, proprietary research frameworks, and direct-plan retail engagement.

Samco Mutual Fund operates under SEBI registration and the SEBI (Mutual Funds) Regulations 1996 framework. The AMC is part of the broader cohort of newer-entrant Indian AMCs alongside Zerodha Fund House , Bajaj Finserv Mutual Fund , Helios Mutual Fund , Old Bridge Mutual Fund , and Unifi Mutual Fund , which together represent the recent wave of new AMC launches from 2020 onward.

Shriram Mutual Fund

Mon, 18 May 2026 00:00:00 +0000

Shriram Mutual Fund is an Indian asset management company sponsored by the Shriram Group, the diversified financial services conglomerate with deep distribution presence in Tier II and Tier III India through Shriram Finance, Shriram Insurance, and other group entities. The AMC operates under Shriram Asset Management Company Limited and SEBI registration under the SEBI (Mutual Funds) Regulations 1996 framework.

The Shriram Group has been one of India’s most-recognised financial services brands since the 1970s, building its reputation through commercial vehicle financing and a deep semi-urban / rural customer base. Shriram Mutual Fund leverages this distribution legacy to reach mutual fund investors in geographies less served by the bank-sponsored AMC majors. The AMC’s AUM is approximately Rs 3,000-5,000 crore as of 2025, placing it in the small-tier of the 44 SEBI-registered Indian AMCs.

Taurus Mutual Fund

Mon, 18 May 2026 00:00:00 +0000

Taurus Mutual Fund is one of the oldest private-sector mutual fund houses in India, run by Taurus Asset Management Company Limited and sponsored by HB Portfolio Limited, part of the HB group. It was set up in 1993, in the first wave of private mutual funds permitted after SEBI opened the industry to private promoters that year, and launched its first scheme, Taurus Starshare, in 1994. The AMC operates under SEBI registration and the SEBI (Mutual Funds) Regulations, 1996 , and has run continuously since.

Trust Mutual Fund

Mon, 18 May 2026 00:00:00 +0000

Trust Mutual Fund is an Indian asset management company sponsored by Trust Investment Advisors Private Limited, operating since 2020 with a distinctive focus on debt-oriented credit-research-driven mutual fund schemes. The AMC was founded by Sandeep Bagla, a debt-market veteran with prior experience at ICICI Prudential and Reliance (now Nippon India) Mutual Funds. Trust Mutual Fund operates under SEBI registration and the SEBI (Mutual Funds) Regulations 1996 framework.

Trust Mutual Fund occupies a niche position in the Indian mutual fund industry. While most Indian AMCs operate across the full spectrum of equity, debt, and hybrid schemes, Trust focused initially on debt-oriented schemes with a particular emphasis on credit research and structured-debt strategies. The AMC has subsequently expanded into equity-oriented schemes but retains its debt-research focus as its core differentiator. As of 2025, AUM is approximately Rs 3,000-5,000 crore, placing the AMC in the small specialist tier.