Historical AMC on WebNotes

Baroda Mutual Fund (historical)

Tue, 19 May 2026 00:00:00 +0000

Baroda Mutual Fund was the asset management arm of Bank of Baroda , one of India’s largest public sector banks. The AMC operated as Baroda Asset Management India Limited until its merger with BNP Paribas Mutual Fund in 2022, forming the successor entity Baroda BNP Paribas Mutual Fund .

For Indian retail investors who held Baroda Mutual Fund scheme units, the entity is now Baroda BNP Paribas Mutual Fund. Folios and units continued through the merger without operational disruption.

BNP Paribas Mutual Fund (historical)

Tue, 19 May 2026 00:00:00 +0000

BNP Paribas Mutual Fund was the Indian asset management arm of BNP Paribas Asset Management , a global asset manager headquartered in Paris and part of the BNP Paribas banking group. Operating until 2022, the AMC merged with Baroda Mutual Fund to form the successor entity Baroda BNP Paribas Mutual Fund .

For Indian retail investors who held BNP Paribas Mutual Fund scheme units, the entity is now Baroda BNP Paribas Mutual Fund. Folios and units continued through the merger.

Daiwa Mutual Fund (historical)

Tue, 19 May 2026 00:00:00 +0000

Daiwa Mutual Fund was the Indian asset management arm of Daiwa Securities Group , the Japanese securities and asset management major. Operating in India briefly during the early 2010s, Daiwa entered the Indian mutual fund market through the acquisition of an existing AMC structure but exited within a few years, transferring operations to successor AMCs. The Daiwa-era schemes were eventually consolidated into SBI Mutual Fund and other entities.

For Indian retail investors who held Daiwa Mutual Fund scheme units, the entity is no longer operational under the Daiwa brand. Surviving scheme assets were absorbed by successor AMCs through SEBI-supervised transitions.

Escorts Mutual Fund (historical)

Tue, 19 May 2026 00:00:00 +0000

Escorts Mutual Fund was the asset management arm of Escorts Limited , the Faridabad-based engineering and agri-machinery conglomerate. The AMC was one of the earliest private-sector mutual fund entities in India following the 1993 SEBI liberalisation that opened the industry beyond Unit Trust of India. Escorts Mutual Fund operated through the 1990s and into the 2000s before its eventual decline and acquisition / wind-down.

For Indian retail investors who held Escorts Mutual Fund scheme units, the entity is no longer operational. Surviving scheme assets were transferred to successor AMCs during the decline.

IDFC Mutual Fund (historical)

Tue, 19 May 2026 00:00:00 +0000

IDFC Mutual Fund was the asset management subsidiary of IDFC Limited , an Indian infrastructure-finance NBFC turned diversified financial holding company. Operating from the mid-2000s until April 2022, IDFC Asset Management built a top-15 presence in the Indian mutual fund industry with approximately Rs 1,15,000 crore in AUM at time of acquisition. The AMC was acquired by Bandhan Financial Holdings in April 2022 and rebranded as Bandhan Mutual Fund .

For Indian retail investors who held IDFC Mutual Fund scheme units, the entity is now Bandhan Mutual Fund. Folios, units, and schemes continued through the rebrand without disruption.

IIFL Mutual Fund (historical)

Tue, 19 May 2026 00:00:00 +0000

IIFL Mutual Fund was the asset management arm of IIFL Holdings , one of India’s diversified financial services groups, operating as a focused boutique AMC. The entity was subsequently merged with the broader 360 ONE wealth management group following IIFL Wealth’s rebranding to 360 ONE. The mutual fund operations continue today under the 360 ONE Mutual Fund brand.

For Indian retail investors who held IIFL Mutual Fund scheme units, the entity is now part of 360 ONE Mutual Fund. The transition was structural rather than disruptive, with folios and units continuing through the rebrand.

Indiabulls Mutual Fund (historical)

Tue, 19 May 2026 00:00:00 +0000

Indiabulls Mutual Fund was the asset management arm of Indiabulls Housing Finance , part of the broader Indiabulls financial services group. The AMC operated as a small private-sector entity before its sale to Groww Asset Management in 2021. The transaction effectively repurposed the AMC’s SEBI registration and operational structure to launch Groww Mutual Fund , the asset management arm of the popular Groww direct-investment platform.

For Indian retail investors who held Indiabulls Mutual Fund scheme units, the entity transitioned to Groww Mutual Fund’s brand, with scheme operations continuing under the new ownership.

L&T Mutual Fund (historical)

Tue, 19 May 2026 00:00:00 +0000

L&T Mutual Fund was an Indian asset management company that ceased to exist as a standalone fund house on 25 November 2022, when HSBC Asset Management (India) Private Limited completed its acquisition of L&T Investment Management Limited from L&T Finance Holdings Limited for USD 425 million. Its schemes now run under HSBC Mutual Fund , and investors who held L&T scheme units hold HSBC Mutual Fund units today.

The L&T Mutual Fund brand had a short corporate life of about twelve years, from 2010 to 2022, but the underlying AMC was older. The management company traces to DBS Cholamandalam Asset Management, which had operated since 1996. L&T Finance acquired that business in January 2010, renamed it L&T Investment Management, expanded it through the 2012 purchase of Fidelity’s India fund operation, and grew it into a top-15 fund house before selling it to HSBC in 2022.

Pramerica Mutual Fund (historical)

Tue, 19 May 2026 00:00:00 +0000

Pramerica Mutual Fund was the Indian asset management arm of Prudential Financial Inc. , the US-headquartered global financial services group. The Indian AMC operated under the Pramerica brand (the Prudential group’s Indian brand to distinguish from the unrelated UK Prudential) until 2018-2019, when the global Prudential group consolidated its asset management identity under the PGIM (Prudential Global Investment Management) brand. The Indian entity was correspondingly renamed PGIM India Mutual Fund .

For Indian retail investors who held Pramerica Mutual Fund scheme units, the entity is now PGIM India Mutual Fund. Folios, units, and schemes continued through the rebrand without operational disruption.

Principal Mutual Fund (historical)

Tue, 19 May 2026 00:00:00 +0000

Principal Mutual Fund was the Indian asset management arm of Principal Financial Group , a US-headquartered diversified financial services group. Operating until 2021, the AMC built a smaller-scale presence in the Indian mutual fund industry before being acquired by Sundaram Asset Management in December 2021. The transaction marked Principal Financial Group’s exit from the Indian mutual fund market.

For Indian retail investors who held Principal Mutual Fund scheme units, the entity is now Sundaram Mutual Fund . Folios and units continued through the rebrand without operational disruption.

Reliance Mutual Fund (historical)

Tue, 19 May 2026 00:00:00 +0000

Reliance Mutual Fund was the Indian asset management arm of Reliance Capital, the Anil Ambani group’s financial services holding company. Operating from 1995 to 2019, Reliance Mutual Fund grew into one of India’s top-tier AMCs before its acquisition by Nippon Life Insurance and rebranding as Nippon India Mutual Fund in October 2019. The transition was driven by Reliance Capital’s broader financial distress and the strategic interest of Nippon Life (which had been a 50% joint-venture partner since 2012) in acquiring full control.