Top 10 Asset Management Companies (AMC) in India 2026: AUM Ranking and Key Insights
India’s mutual fund industry has become an important part of the country’s investment ecosystem.
According to AMFI:
- The total Assets Under Management (AUM) of the Indian mutual fund industry stood at ₹81.92 lakh crore as on April 30, 2026.
- The industry also had 27.53 crore folios, of which around 21 crore were from equity, hybrid, and solution-oriented schemes, where retail investors accounted for a large share.
These numbers reflect the growing participation of retail investors across equity, debt, and hybrid mutual fund categories. But when comparing asset management companies, popularity alone is not enough. Factors such as AUM ranking, fund house size, scheme presence, and investor base provide a clearer picture of an AMC’s size and stature.
In this blog, we look at the top asset management companies in India (2026), their industry data, and the key points investors should know before comparing fund houses.
Top 10 Asset Management Companies (AMC) in India 2026 by AUM
As of April 2026, the top AMCs in India by AUM include SBI Funds Management, ICICI Prudential AMC, HDFC AMC, Nippon Life India AMC, Kotak Mahindra AMC, Aditya Birla Sun Life AMC, UTI AMC, Axis AMC, Tata AMC, and Mirae Asset Investment Managers.
| Rank | Asset Management Company | AUM |
| 1 | SBI Funds Management Ltd | ₹12,75,061.44 Cr |
| 2 | ICICI Prudential Asset Management Co Ltd | ₹11,69,997.82 Cr |
| 3 | HDFC Asset Management Co Ltd | ₹9,69,505.26 Cr |
| 4 | Nippon Life India Asset Management Ltd | ₹7,67,531.95 Cr |
| 5 | Kotak Mahindra Asset Management Co Ltd | ₹6,14,552.66 Cr |
| 6 | Aditya Birla Sun Life AMC Ltd | ₹4,30,782.03 Cr |
| 7 | UTI Asset Management Co Ltd | ₹3,62,916.40 Cr |
| 8 | Axis Asset Management Company Limited | ₹3,36,298.04 Cr |
| 9 | Tata Asset Management Pvt Ltd | ₹2,32,099.18 Cr |
| 10 | Mirae Asset Investment Managers India Pvt Ltd | ₹2,29,677.29 Cr |
Disclaimer: The AUM data mentioned above is sourced from Business Today and is as of April 2026. The data was accessed on 22 May 2026. AUM figures may change due to market movements, inflows, and redemptions.
Below is a quick overview of the leading AMCs in India:
1. SBI Funds Management Ltd
SBI Funds Management Ltd holds the top position among Indian AMCs by AUM as of April 2026. Its scale reflects strong participation across different investor segments.
- Fund house: SBI Mutual Fund
- Established: 1987
- Ownership / Sponsor: Joint venture between State Bank of India and Amundi
- Total schemes: 549
- Examples of schemes: SBI Bluechip Fund, SBI Contra Fund, SBI Small Cap Fund, SBI Equity Hybrid Fund, SBI Nifty Index Fund, SBI Banking and PSU Fund
2. ICICI Prudential Asset Management Co Ltd
ICICI Prudential Asset Management Co Ltd is one of India’s major private-sector AMCs. It has a broad scheme basket across active, passive, and asset allocation-based mutual fund categories.
- Fund house: ICICI Prudential Mutual Fund
- Established: 1993
- Ownership / Sponsor: ICICI Bank Limited and Prudential Plc
- Total schemes: 824
- Examples of schemes: ICICI Prudential Bluechip Fund, ICICI Prudential Value Discovery Fund, ICICI Prudential Equity & Debt Fund, ICICI Prudential Nifty 50 Index Fund, ICICI Prudential Short Term Fund
3. HDFC Asset Management Co Ltd
HDFC Asset Management Co Ltd is a leading AMC with strong retail recognition. It offers investment options across asset classes and scheme categories.
- Fund house: HDFC Mutual Fund
- Established: 2000
- Ownership / Sponsor: HDFC Bank Ltd
- Total schemes: 427
- Examples of schemes: HDFC Flexi Cap Fund, HDFC Top 100 Fund, HDFC Mid-Cap Opportunities Fund, HDFC Balanced Advantage Fund, HDFC Index Fund
4. Nippon Life India Asset Management Ltd
Nippon Life India Asset Management Ltd has a strong presence across active and passive investing. It is also a notable AMC for investors comparing ETF, index fund, and diversified mutual fund options.
- Fund house: Nippon India Mutual Fund
- Established: 1995
- Ownership / Sponsor: Nippon Life Insurance Company
- Total schemes: 829
- Examples of schemes: Nippon India Large Cap Fund, Nippon India Growth Fund, Nippon India Small Cap Fund, Nippon India Balanced Advantage Fund, Nippon India Multi Asset Allocation Fund
5. Kotak Mahindra Asset Management Co Ltd
Kotak Mahindra Asset Management Co Ltd is part of the Kotak Financial Services Group. It has wide category coverage, making it a prominent name among established AMCs in India.
- Fund house: Kotak Mutual Fund
- Established: 1998
- Ownership / Sponsor: Kotak Mahindra Bank Limited
- Total schemes: 603
- Examples of schemes: Kotak Emerging Equity Fund, Kotak Equity Opportunities Fund, Kotak Bluechip Fund, Kotak Debt Hybrid Fund, Kotak Nifty 50 Index Fund
6. Aditya Birla Sun Life AMC Ltd
Aditya Birla Sun Life AMC Ltd is a well-established AMC with a wide product range. It serves both retail and institutional investors across multiple mutual fund categories.
- Fund house: Aditya Birla Sun Life Mutual Fund
- Established: 1994
- Ownership / Sponsor: Aditya Birla Capital Limited and Sun Life (India) AMC Investments Inc.
- Total schemes: 636
- Examples of schemes: Aditya Birla Sun Life Frontline Equity Fund, Aditya Birla Sun Life Flexi Cap Fund, Aditya Birla Sun Life Tax Relief 96, Aditya Birla Sun Life Liquid Fund, Aditya Birla Sun Life Corporate Bond Fund
7. UTI Asset Management Co Ltd
UTI Asset Management Co Ltd is one of the oldest names in India’s mutual fund industry. Its long operating history gives it strong recognition among Indian investors.
- Fund house: UTI Mutual Fund
- Established: 2002
- Ownership / Sponsor: UTI Mutual Fund is backed by institutional shareholders, including LIC, SBI, Bank of Baroda, Punjab National Bank, and T. Rowe Price
- Total schemes: 598
- Examples of schemes: UTI Nifty 50 Index Fund, UTI Flexi Cap Fund, UTI Mastershare Fund, UTI Liquid Fund, UTI BSE Sensex ETF
8. Axis Asset Management Company Limited
Axis Asset Management Company Limited has strong retail visibility in India. It offers schemes for different investment periods, risk profiles, and financial goals.
- Fund house: Axis Mutual Fund
- Established: 2009
- Ownership / Sponsor: Axis Bank Limited
- Total schemes: 652
- Examples of schemes: Axis Bluechip Fund, Axis Midcap Fund, Axis Small Cap Fund, Axis ELSS Tax Saver Fund, Axis Liquid Fund
9. Tata Asset Management Pvt Ltd
Tata Asset Management Pvt Ltd is part of the Tata Financial Services ecosystem. The AMC has strong brand recognition and a broad range of schemes for different investor needs.
- Fund house: Tata Mutual Fund
- Established: 1994
- Ownership / Sponsor: Tata Sons Limited and Tata Investment Corporation Limited
- Total schemes: 418
- Examples of schemes: Tata Large Cap Fund, Tata Small Cap Fund, Tata Digital India Fund, Tata Balanced Advantage Fund, Tata Arbitrage Fund
10. Mirae Asset Investment Managers India Pvt Ltd
Mirae Asset Investment Managers India Pvt Ltd has gained visibility among investors over the past few years. Its expanding scheme basket makes it a notable name among growing AMCs in India.
- Fund house: Mirae Asset Mutual Fund
- Established: 2007
- Ownership / Sponsor: Mirae Asset Global Investments Co. Limited
- Total schemes: 329
- Examples of schemes: Mirae Asset Large Cap Fund, Mirae Asset Emerging Bluechip Fund, Mirae Asset ELSS Tax Saver Fund, Mirae Asset Aggressive Hybrid Fund, Mirae Asset Arbitrage Fund
What is an Asset Management Company (AMC) and How Does it Work?
An AMC collects money from investors and manages it through mutual fund schemes. The money is invested based on the scheme’s objective, such as equity growth, debt income, hybrid allocation, or passive index tracking.
Here is how the process works:
- Investors choose a mutual fund scheme through SIPs or lump-sum investments.
- The AMC pools money from multiple investors under that scheme.
- Fund managers invest the money in accordance with the scheme’s stated objective.
- The portfolio is reviewed regularly to track market movements, risks, and asset allocation.
- Investors receive mutual fund units based on the scheme’s Net Asset Value (NAV).
- The investment value changes over time depending on the performance of the underlying assets.
Note: An AMC manages the fund, but it does not guarantee returns. Mutual fund returns depend on market conditions, fund strategy, asset allocation, and risk level.
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How to Compare Asset Management Companies in India?
Investors should compare AMCs beyond AUM rankings alone. AUM shows size, but a good comparison also includes scheme quality, risk management, costs, and category-wise performance.
Here are the key factors investors should evaluate when comparing AMCs:
- Scheme range: Does the AMC offer equity, debt, hybrid, index, ETF, and tax-saving funds?
- Performance consistency: Have its schemes performed steadily across different market conditions?
- Risk management: Does the AMC manage downside risk well?
- Expense ratio: Are the costs reasonable compared to similar funds?
- Fund manager experience: Who manages the schemes, and how long have they been managing them?
- Portfolio transparency: Does the AMC provide regular fact sheets and clear disclosures?
- Investor base: Does the AMC serve retail, institutional, and long-term investors?
- Regulatory track record: Does the AMC follow SEBI and AMFI disclosure requirements?
Conclusion
The top asset management companies in India manage a large share of mutual fund assets across equity, debt, hybrid, and passive categories. AUM ranking helps show a fund house’s size, but it should not be the only factor. Before choosing a mutual fund, investors should also check the scheme’s objective, risk level, expense ratio, portfolio quality, fund manager experience, and performance consistency.
Disclaimer– The rankings and figures in this article have been compiled from multiple verified reports, credible news sources, and public financial data available as of 2026.
All values are approximate and may vary with newer updates, revisions, or changes in official records.
FAQs: Asset Management Companies in India
As per the April 2026 AUM data sourced from Business Today, SBI Funds Management Ltd is the top asset management company in India by AUM.
As per the April 2026 AUM data sourced from Business Today, the top 10 asset management companies in India include SBI Funds Management, ICICI Prudential AMC, HDFC AMC, Nippon Life India AMC, Kotak Mahindra AMC, Aditya Birla Sun Life AMC, UTI AMC, Axis AMC, Tata AMC, and Mirae Asset Investment Managers.
AUM, or Assets Under Management, is the total value of assets managed by an AMC across its mutual fund schemes. It helps show a fund house’s size and market presence.
No, higher AUM does not always mean a better mutual fund. Investors should also check the scheme’s performance, risk level, expense ratio, portfolio, and investment objective.
An AMC is the company that manages mutual fund schemes. A mutual fund is an investment scheme offered and managed by the AMC.
Investors can compare AMCs based on AUM, scheme range, fund manager experience, transparency, risk management, and category-wise performance. However, the final decision should be made at the scheme level.
No, not all top AMCs are listed on the stock market. Some listed AMC-related companies include HDFC AMC, Nippon Life India Asset Management, UTI AMC, and Aditya Birla Sun Life AMC.
Investors can check official mutual fund data on the AMFI website. They can also refer to AMC websites and fund fact sheets for scheme-level details.
Source: businesstoday.in/mutual-funds/amc, forbesindia.com/
