Top 10 AMC in India 2025: Listed by AUM

Did you know that the Indian Mutual Funds industry has hit an all-time high, with a massive Rs 54 lakh crore AUM in 2025? The core of the financial boom is the Top 10 AMCs in India, transforming small savings into big success stories for millions.

Moreover, Market leaders like SBI Mutual Fund and HDFC Mutual Fund are among the rising stars. These AMCs are not just managing money; they are building India’s financial future. While AUM decides who sits at the top, its mix of innovative strategies, consistent performance and cutting-edge ideas truly sets each AMC apart.

Now, buckle up as you walk through the Top 10 AMCs in India 2025: Listed by AUM, the powerhouse of Indian Investing.

What is Asset Management Company (AMC) in India?

An AMC is basically a company that handles money for people and groups. They gather funds from investors and put that money into different assets like stocks, bonds, gold, property& other.

AMCs have professional fund managers who decide where to invest your money, with the aim of growing wealth while managing risks. In return, they charge a small management fee. It offers products like mutual funds, ETFs, and portfolio management services (PMS).

In India, there are 47 AMCs in total, all regulated by SEBI to ensure safety, transparency & investor protection. The total money managed by these AMCs is measured as Assets Under Management (AUM), which shows the size and strength of each company.

In short: An AMC helps you invest smartly and safely, even if you can start small with SIP.

Also Read: Mutual Fund Vs Stocks: Which is better Investment in 2025 

List of Top 10 AMC in India 2025

Let's uncover the Top 10 AMC in India ranked by AUM (Assets Under Management) & see who's leading India's mutual fund Industry.

*As of July 2025

Don't Miss: Best SIP Plan for 20 Years: With Equity, Debt & Hybrid Funds 

Moving ahead, look closely at each AMC and its success stories.

Overview of Top 10 AMC in India 2025

Here are the Top 10 AMC in India that truly stand out, manage crores of wealth and stand out as smart choices for your portfolio.

1. SBI Funds Management Ltd.

• SBI Mutual Fund started long ago in 1987. It is a team-up between State Bank of India (a trusted bank, owning 63%) & Amundi Asset Management from France (owning 37%)
• They handle an AUM of Rs 11,97,869 crore as of July 2025, making them the Top 1 AMC in India.
• With SBI's huge network & Amundi's global expertise, they offer all range of options.
• Some well-known funds are SBI Contra Fund, SBI Magnum Gilt Fund, SBI Large & Midcap Fund, SBI Gold Fund, and SBI Nifty 50 ETF.
• SBI Mutual Fundis known for its reputation & focuses on doing better than everyone else with smart management, making it a great choice for Indian investors.

2. ICICI Prudential Asset Management Company Ltd.

• ICICI Prudential Mutual Fund, set up in 1993, is a joint alliance between ICICI Bank and Prudential Plc (UK).
• It officially launched in 1998 and is now becoming India’s 2nd largest and one of the oldest AMCs, with an AUM of Rs 10,44,854 crore (as of July 2025).
• Supported by ICICI’s strong banking expertise and Prudential’s global experience, it offers a wide range of equity, debt, hybrid funds, ETFs & solution-oriented schemes.
• ICICI also started Portfolio Management Services (PMS) in 2000 for high-net-worth investors looking for higher returns.
• Some popular funds include ICICI Prudential Blue-chip Fund, ICICI Prudential Balanced Advantage Fund, ICICI Prudential Gilt Fund, ICICI Prudential Child Care Plan Fund and ICICI Prudential Retirement Fund.
• It’s a top AMC in India, aiming to give investors a good experience thanks to strong work practices and plans.

3. HDFC Asset Management Company Ltd.

• HDFC Mutual Fund, started in 1999, is a union between Housing Development Finance Corporation Ltd. (HDFC) & abrdn plc (formerly Standard Life Investments, UK).
• It is one of the largest and most trusted AMCs in India, with an AUM of Rs 8,85,431 crore (as of July 2025).
• HDFC is known for its strong equity expertise, consistent management and robust digital presence.
• HDFC AMC offers a wide range of equity, debt, hybrid, ETFs and fund-of-funds schemes. It was also publicly listed in 2018, adding further credibility.
• Some popular schemes are HDFC Balanced Advantage Fund, HDFC Flexi Cap Fund, HDFC Mid-Cap Opportunities Fund, HDFC Top 100 Fund and HDFC Gold Fund.
• The AMC aims to provide stability to investors with high-achieving wealth creation.

4. Nippon Life India Asset Management Company Ltd.

• Nippon India Mutual Fund, formerly known as Reliance Mutual Fund, was founded in 1995 and is today one of the largest and fastest-growing AMCs in terms of AUM in India.
• It is sponsored by Nippon Life Insurance Company (Japan) & manages an AUM of Rs 6,52,570 crore as of July 2025.
• Nippon became the first mutual fund company to be listed on stock exchanges in India.
• The AMC provides a wide range of equity, debt, hybrid funds, ETFs and retirement funds, focusing on innovation and customer-friendly services.
• Some popular schemes are Nippon India Small Cap Fund, Nippon India Large Cap Fund, Nippon India Money Market Fund, and CPSE ETF.
• The main goal of Nippon India Mutual Fundis to deliver consistent wealth creation with strong corporate governance and a customer approach, making it a trusted choice and the best asset management company in India.

5. Kotak Mahindra Asset Management Company Ltd.

• Kotak Mahindra Mutual Fund, official in 1998, is a subsidiary of Kotak Mahindra Bank.
• Starting small, it has now grown into one of the Top 10 AMCs in India,managing an AUM of Rs 5,62,086 crore as of July 2025.
• Kotak was also the first AMC in India to launch a dedicated gilt fund,giving investors the option to invest directly in Government securities.
• Today, it offers 84 schemes across equity, debt, hybrid, ETFs, and fund-of-funds, along with Portfolio Management Services (PMS).
• Some popular funds include Kotak Blue-chip Fund, Kotak Equity Arbitrage Fund, Kotak Overnight Fund, and Kotak Debt Hybrid Fund.
• The main aim of Kotak MFsis to provide diverse investment options for different risk profiles while consistently working to outperform benchmarks and create long-term wealth for investors.

Quick Fact: India’s mutual fund industry is vast & diverse, from giants to small players.

6. Aditya Birla Sun Life Asset Management Company Ltd.

• Aditya Birla Sun Life Mutual Fund (ABSL MF) was founded in 1994 as a collaboration between the Aditya Birla Group & Sun Life Financial Inc. of Canada.
• With Aditya Birla Capital holding 51% and Sun Life owning 49%, it has grown into one of the Top 10 AMCs in India,managing an AUM of about Rs 4,25,040 crore as of July 2025.
• The AMC offers 94 MF schemes across equity, debt, hybrid, offshore funds and fund-of-funds, with a strong presence in 300+ locations.
• It is also known for innovative products, such as the recently launched Aditya Birla Sun Life Defence Index Fund (2024).
• Some popular schemes include ABSL Liquid Fund, ABSL Frontline Equity Fund, ABSL Medium Term Fund, and ABSL Corporate Bond Fund.
• The main aim of ABSL Mutual Fundis to deliver consistent wealth creation for investors by combining broad reach, innovative offerings, and reliable investment performance.

7. UTI Asset Management Company Ltd.

• UTI Mutual Fund, formally established in 2003 but with a legacy dating back to the 1960s, is one of India’s oldest and most trusted AMCs.
• Backed by major institutions like SBI, PNB, Bank of Baroda and LIC, it manages an AUM of Rs 3,78,041 crore and serves over 1.22 crore investor folios.
• The AMCoffers 70+ schemes across equity, debt, hybrid, ETFs, retirement solutions, alternative investments and portfolio management services.
• Most popular funds include UTI Nifty 50 ETF, UTI Flexi Cap Fund, UTI Short Duration Fund and UTI Money Market Fund.
• The main aim of UTI Mutual Fundis to offer diverse investment opportunities that help investors build long-term returns while focusing on best-in-class services & sustainable growth.

8. Axis Asset Management Company Ltd.

• Axis Mutual Fund, started in 2009 as the investment arm of Axis Bank, has now become one of India’s popular AMCs.
• With a focus on risk management, customer service & digital investing, it has built a large corpus of 1.26 crore investors across 100+ cities.
• The AMC manages an AUM of Rs 3,51,677 crore and offers 66 schemes with a range of equity, debt, hybrid & fund-of-funds.
• Popular options include Axis ELSS Tax Saver Fund, Axis Blue-chip Fund, Axis Midcap Fund, Axis Gold Fund and Axis Overnight Fund.
• The main goal of Axis Mutual Fundis to offer smart, diversified investment solutions that help investors grow wealth while managing risks effectively.

Did you know:  The Smallest AMC in India in 2025 is Angel One Asset Management, managing an AUM of just Rs 347 crore.

9. Tata Mutual Fund Company Ltd.

• Tata Mutual Fund is handled by Tata Asset Management Ltd., which was started in 1994.  It provides investors with diverse investment solutions catering to different risk & return needs.
• With time, it has grown into one of India’s trusted AMCs. The fund house offers a variety of MFs schemes, such as equity, debt, hybrid& index funds, along with portfolio management and advisory services.
• It focuses on disciplined investing, long-term wealth growth and risk management, making sure investors can achieve their financial goals without worrying about market volatility.
• As of July 2025, Tata Mutual Fundmanages assets worth Rs 2,16,521 crore and serves over 61.7 lakh investors.
• Some popular MFs include Tata Equity P/E Fund, Tata Balanced Advantage Fund, Tata Digital India Fund and Tata Liquid Fund.
• Tata Mutual Fund’s goal is to help investors secure their financial future and build wealth.

10. Mirae Asset Investment Managers (India) Pvt. Ltd.

• Mirae Asset Mutual Fund, part of the global Mirae Asset Financial Group based in South Korea, was established in 2007 in India.
• It has quickly become one of the top 10 AMCs in India, managing an AUM of Rs 2,13,140 crore as of July 2025.
• The AMC offers 67 schemes across equity, debt, and hybrid categories, including Mirae Asset Large Cap Fund, Mirae Asset Emerging Bluechip Fund, Mirae Asset Overnight Fund and Mirae Asset Tax Saver Fund.
• Known for its research-driven strategy & active investment approach, the fund's goal is to deliver consistent long-term returns while catering to different investor needs and risk profiles.
• Mirae Asset Mutual Fundis known for helping investors grow wealth steadily through well-researched, diversified investment solutions.

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Now, Curious who tops the charts? Let us find out which AMC holds the crown in 2025.

Who is the largest AMC in India?

SBI Funds Management Ltd. (SBI Mutual Fund) is the largest AMC in India with the highest amount of AUM, Rs 11,97,869 crore.

It has a wide range of networks with 290+ branches in India, with 15 million investors.

In short, SBI Mutual Fund is India’s No.1 AMC with combining scale, trust & innovation to serve all types of investors.

Pro Tip: Calculate your future compounding returns using the SIP Calculator.

Conclusion

To wrap up, the rise of the Top 10 AMCs in India 2025 reflects how far the mutual fund industry has grown in building trust, a strong reputation, consistent results & making wealth creation easier for every investor. While the biggest AMCs lead in terms of AUM, the best AMC for you is the one that matches your goals, risk and financial plans.

On the other hand, with new players entering the market and bringing fresh ideas, the future of India’s AMC industry looks brighter than ever. The best AMC will continue to grow faster and introduce more innovative approaches.

Remember, “Investing is not about timing the market but about staying in the market with the proper guidance”.

Frequently Asked Questions

1. How do AMCs make money?
   

   AMCs make money by taking a management fee, a small percentage of their assets. Some AMCs charge performance-linked fees for certain funds.

2. Are investments in AMCs safe?
   

   Yes, AMCs in India are regulated by SEBI, ensuring transparency, investor protection and stick to legal norms.

3. Can I invest in a Top 10 AMC with a small amount?
   

    Absolutely! Most AMCs allow investments via SIPs (Systematic Investment Plans), making it easy for small investors to grow wealth.

4. Why should I choose a top AMC over others?
   

   Top AMCs offer proven track records, strong fund performance, consistent returns and professional fund experts, making them more suitable for long-term wealth creation.

5. Will the Top 10 AMCs change every year?
   

   Yes, rankings by AUM can change annually depending on fund inflows, performance and market trends, but leaders generally maintain a strong position over time.