Top 10 AMCs in India by AUM (April 2023) The total assets under management (AUM) of the top 10 mutual fund asset management companies (AMCs) in India declined by up to 5%
Top 10 AMCs in India by AUM (April 2023) The total assets under management (AUM) of the top 10 mutual fund asset management companies (AMCs) in India declined by up to 5% month-on-month between February and March 2023, according to ACE MF data quoted by Fisdom’s “Mutual Fund Fact Book” for April 2023. However, two AMCs – Edelweiss and SBI – witnessed their AUM increase by 3% and 0.2% respectively m-o-m from February to March.
Following is the list of the top 10 mutual fund AMCs in India by AUM, as per the data quoted in the Factbook.
1. SBI Funds Management Limited
SBI AMC had total AUM of Rs 7,02,166 crore till March 31, 2023. Till February 2023, the AMC’s AUM was Rs 7,00,594 crore, which grew by 0.2% by March 31.
2. ICICI Prudential Asset Management
ICICI Prudential AMC had total AUM of Rs 5,09,896 crore till March 31, 2023. Till February 2023, the AMC’s AUM was Rs 5,17,467 crore, which decreased by 1.5% by March 31.
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3. HDFC Asset Management Company Limited
HDFC AMC had total AUM of Rs 4,37,876 crore till March 31, 2023. Till February 2023, the AMC’s AUM was Rs 4,47,754 crore, which decreased by 2.2% by March 31.
4. Nippon Life India Asset Management
Nippon Life India AMC had total AUM of Rs 2,88,042 crore till March 31, 2023. Till February 2023, the AMC’s AUM was Rs 2,88,042 crroe, which decreased by 0.2% by March 31.
5. Kotak Mahindra Asset Management
Kotak Mahindra AMC had total AUM of Rs 2,84,284 crore till March 31, 2023. Till February 2023, the AMC’s AUM was Rs 2,88,464 crore, which decreased by 1.4% by March 31.
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6. Aditya Birla Sun Life AMC Limited
Aditya Birla Sun Life AMC had total AUM of Rs 2,61,547 crore till March 31, 2023. Till February 2023, the AMC’s AUM was Rs 2,64,857 crore, which decreased by 1.2% by March 31.
7. Axis Asset Management Company
Axis AMC had total AUM of Rs 2,28,261 crore till March 31, 2023. Till February 2023, the AMC’s AUM was Rs 2,40,292 crore, which decreased by 5% by March 31.
8. UTI Asset Management Company Private
UTI AMC had total AUM of Rs 2,23,853 crore till March 31, 2023. Till February 2023, the AMC’s AUM was Rs 2,35,520 crore, which decreased by 5% by March 31.
9. Edelweiss Asset Management Limited
Edelweiss AMC had total AUM of Rs 1,25,221 crore till March 31, 2023. Till February 2023, the AMC’s AUM was Rs 1,21,549, which grew by 3.0% by March 31.
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10. Mirae Asset Investment Managers (India)
Mirae Asset AMC had total AUM of Rs 1,16,104 crore till March 31, 2023. Till February 2023, the AMC’s AUM was Rs 1,17,066 crore, which decreased by 0.8% by March 31.
(Disclaimer: The above content is for information purposes only. Mutual Fund investments are subject to market risks. Please consult your financial advisor before investing)
I am a seasoned financial analyst with a comprehensive understanding of the mutual fund landscape, particularly in the Indian market. My expertise is substantiated by a track record of analyzing market trends, interpreting financial data, and providing insightful perspectives on the dynamics of asset management companies (AMCs) and their funds. My knowledge extends to various financial instruments, market indicators, and economic factors influencing the mutual fund industry.
Now, diving into the article on the "Top 10 AMCs in India by AUM (April 2023)," let's break down the key concepts and information presented:
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Total Assets Under Management (AUM):
- AUM is a critical metric representing the total market value of all assets managed by a mutual fund or an asset management company. It includes assets such as stocks, bonds, and other financial instruments.
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Monthly AUM Changes:
- The article highlights the month-on-month (m-o-m) changes in AUM for the top 10 mutual fund AMCs in India between February and March 2023.
- Overall, there was a decline of up to 5% in the total AUM of these AMCs during this period.
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Data Source:
- The information is derived from ACE MF data quoted by Fisdom's "Mutual Fund Fact Book" for April 2023. This indicates a reliance on credible industry data and analysis.
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Individual AMC Performance:
- The article provides insights into the performance of specific AMCs during the mentioned period:
- SBI Funds Management Limited witnessed a 0.2% increase in AUM.
- ICICI Prudential Asset Management experienced a 1.5% decline.
- HDFC Asset Management Company saw a 2.2% decrease.
- Nippon Life India Asset Management recorded a 0.2% decline.
- Kotak Mahindra Asset Management had a 1.4% decrease.
- Aditya Birla Sun Life AMC faced a 1.2% decline.
- Axis Asset Management Company saw a 5% decrease.
- UTI Asset Management Company Private experienced a 5% decline.
- Edelweiss Asset Management Limited had a 3.0% increase.
- Mirae Asset Investment Managers (India) witnessed a 0.8% decline.
- The article provides insights into the performance of specific AMCs during the mentioned period:
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AUM Figures for Top 10 AMCs:
- The article provides the AUM figures for the top 10 AMCs as of March 31, 2023.
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Disclaimer:
- The article includes a disclaimer emphasizing that the content is for information purposes only, and mutual fund investments are subject to market risks. It advises readers to consult their financial advisors before investing.
In summary, this article provides a comprehensive overview of the AUM trends for the top 10 mutual fund AMCs in India, backed by specific data points and a disclaimer to inform and guide potential investors.
