Asset Management Companies in India

Updated on March 22, 2026 , 70496 views

Asset management companies in India are broadly categorised into three types; bank-sponsored mutual funds, mutual fund institutions, and the private sector mutual funds. There are total 44 asset management companies in India as of today (February 2017). 35 of these AMCs are part of the private sector.

All the asset management companies are part of Association of Mutual Funds in India (AMFI). AMFI was incorporated in 1995 as a non-profit organisation of all the registered AMCs in India.

Overview of Popular AMCs in India

Since the inception of mutual funds in 1963 by the UTI act of the Parliament, the industry has overseen a significant evolution to reach its present state. The introduction of the public sector then followed by the entry of private sector has marked the momentous phases of the history of the mutual fund industry.

1987 marked the entry of the public sector in the mutual funds market. SBI mutual funds, set up in June 1987, is the oldest public sector managed AMC. SBI Mutual Fund has a rich history of more 25 years and a very impressive track record. The total asset under management (AUM) of SBI Mutual Fund is reported to be over INR 1,31,647 crores in September 2016.

Kothari Pioneer (now merged with Franklin Templeton) was the first private sector managed AMC to enter the mutual fund market in 1993. Franklin Templeton has been in the industry for over two decades now. The total AUM of Franklin Templeton stands over INR 74,576 crores as recorded on September 2016.

Over the years, many private sector AMCs penetrated the mutual funds market. HDFC Mutual Fund set up in 2000 is one of the most successful Mutual Fund Houses in India. As on June 2016, the assets under management of HDFC Mutual Fund stand over INR 2,13,322 crores.

ICICI Prudential Mutual Fund was the top performing AMC in terms of average AUM from June 2015 to June 2016. The total assets under management under ICICI Prudential are estimated at around INR 193,296 crores. This amount shows a growth rate of 24% from the previous year.

Reliance Mutual Fund is one of the most popular asset management companies in the country. Reliance AMC covers around 179 cities across India, making it one of the fastest growing mutual funds in the country. As on September 2016, the total assets under management of the Reliance Mutual Fund is recorded to be over INR 18,000 crores.

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Birla Sun Life Asset Management Company (BSLAMC) is also among the leading and widely known asset management companies in India. It is a joint venture of Aditya Birla Group and Sun Life Financial. The total assets under management of BSLAMC in September 2016 is reported to be INR 1,68,802 crores.

UTI Asset Management Company established in 2002, is sponsored by four public sector companies, namely LIC India, State Bank of India, Bank of Baroda and Punjab National Bank. The AUM of UTI Asset Management Company in September 2016 was estimated at INR 1,27,111 crores.

Top Asset Management Companies

1. ICICI Prudential Asset Mgmt.Company Limited

With the AUM size of approximately ₹ 3 lakh crore, ICICI Prudential Asset Management Company Ltd. is the largest asset management company (AMC) in the country. It is a joint venture between ICICI Bank in India and Prudential Plc, in UK. It was started in 1993.

Apart from mutual funds, the AMC also caters to Portfolio Management Services (PMS) and Real Estate for investors.

Fund Selection Methodology used to find 3 funds

Asset Management Company : ICICI%20Prudential
Sorted On : 3-month return (high to low)
Tags: fcpro
No Of Funds: 3

Top ICICI Prudential Mutual Funds 2026

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2024 (%)
ICICI Prudential Global Stable Equity Fund Growth	₹30.98 ↑ 0.42	₹88	3.6	6.4	14.4	12.3	10.6	17.8
ICICI Prudential Regular Gold Savings Fund Growth	₹43.057 ↑ 2.21	₹6,535	1.8	21.9	57.7	31.2	23.8	72
ICICI Prudential Equity Arbitrage Fund Growth	₹35.7715 ↓ -0.02	₹32,989	1.5	3.1	6.2	7	6	6.5
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 23 Mar 26

Research Highlights & Commentary of 3 Funds showcased

Commentary	ICICI Prudential Global Stable Equity Fund	ICICI Prudential Regular Gold Savings Fund	ICICI Prudential Equity Arbitrage Fund
Point 1	Bottom quartile AUM (₹88 Cr).	Lower mid AUM (₹6,535 Cr).	Highest AUM (₹32,989 Cr).
Point 2	Established history (12+ yrs).	Established history (14+ yrs).	Oldest track record among peers (19 yrs).
Point 3	Top rated.	Rating: 1★ (bottom quartile).	Rating: 4★ (lower mid).
Point 4	Risk profile: High.	Risk profile: Moderately High.	Risk profile: Moderate.
Point 5	5Y return: 10.58% (lower mid).	5Y return: 23.85% (upper mid).	5Y return: 5.96% (bottom quartile).
Point 6	3Y return: 12.33% (lower mid).	3Y return: 31.16% (upper mid).	3Y return: 7.00% (bottom quartile).
Point 7	1Y return: 14.44% (lower mid).	1Y return: 57.71% (upper mid).	1Y return: 6.23% (bottom quartile).
Point 8	Alpha: 0.00 (upper mid).	1M return: -11.84% (bottom quartile).	1M return: 0.40% (upper mid).
Point 9	Sharpe: 1.40 (bottom quartile).	Alpha: 0.00 (lower mid).	Alpha: 0.00 (bottom quartile).
Point 10	Information ratio: 0.00 (upper mid).	Sharpe: 2.66 (upper mid).	Sharpe: 1.66 (lower mid).

ICICI Prudential Global Stable Equity Fund

Bottom quartile AUM (₹88 Cr).
Established history (12+ yrs).
Top rated.
Risk profile: High.
5Y return: 10.58% (lower mid).
3Y return: 12.33% (lower mid).
1Y return: 14.44% (lower mid).
Alpha: 0.00 (upper mid).
Sharpe: 1.40 (bottom quartile).
Information ratio: 0.00 (upper mid).

ICICI Prudential Regular Gold Savings Fund

Lower mid AUM (₹6,535 Cr).
Established history (14+ yrs).
Rating: 1★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 23.85% (upper mid).
3Y return: 31.16% (upper mid).
1Y return: 57.71% (upper mid).
1M return: -11.84% (bottom quartile).
Alpha: 0.00 (lower mid).
Sharpe: 2.66 (upper mid).

ICICI Prudential Equity Arbitrage Fund

Highest AUM (₹32,989 Cr).
Oldest track record among peers (19 yrs).
Rating: 4★ (lower mid).
Risk profile: Moderate.
5Y return: 5.96% (bottom quartile).
3Y return: 7.00% (bottom quartile).
1Y return: 6.23% (bottom quartile).
1M return: 0.40% (upper mid).
Alpha: 0.00 (bottom quartile).
Sharpe: 1.66 (lower mid).

2. HDFC Asset Management Company Limited

HDFC Mutual Fund is at the 2nd number by the size of AUM. With fund size of nearly ₹ 3 lakh crore, it is one of the largest mutual fund companies or AMC in the country.

Top HDFC Mutual Fund Funds 2026

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2024 (%)
HDFC Gold Fund Growth	₹41.4463 ↑ 1.80	₹11,766	1.6	21.6	56.6	31	23.8	71.3
HDFC Arbitrage Fund Growth	₹31.942 ↓ -0.01	₹24,768	1.5	3.1	6.2	7	5.9	6.3
HDFC Liquid Fund Growth	₹5,339.3 ↑ 0.11	₹67,850	1.4	2.9	6.2	6.9	5.9	6.5
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 24 Mar 26

Research Highlights & Commentary of 3 Funds showcased

Commentary	HDFC Gold Fund	HDFC Arbitrage Fund	HDFC Liquid Fund
Point 1	Bottom quartile AUM (₹11,766 Cr).	Lower mid AUM (₹24,768 Cr).	Highest AUM (₹67,850 Cr).
Point 2	Established history (14+ yrs).	Established history (18+ yrs).	Oldest track record among peers (25 yrs).
Point 3	Rating: 1★ (bottom quartile).	Top rated.	Rating: 3★ (lower mid).
Point 4	Risk profile: Moderately High.	Risk profile: Moderately Low.	Risk profile: Low.
Point 5	5Y return: 23.83% (upper mid).	5Y return: 5.92% (lower mid).	1Y return: 6.18% (lower mid).
Point 6	3Y return: 30.98% (upper mid).	3Y return: 6.99% (lower mid).	1M return: 0.39% (lower mid).
Point 7	1Y return: 56.59% (upper mid).	1Y return: 6.17% (bottom quartile).	Sharpe: 2.66 (lower mid).
Point 8	1M return: -12.14% (bottom quartile).	1M return: 0.42% (upper mid).	Information ratio: -0.17 (bottom quartile).
Point 9	Alpha: 0.00 (upper mid).	Alpha: 0.00 (lower mid).	Yield to maturity (debt): 6.44% (lower mid).
Point 10	Sharpe: 3.01 (upper mid).	Sharpe: 1.23 (bottom quartile).	Modified duration: 0.13 yrs (lower mid).

HDFC Gold Fund

Bottom quartile AUM (₹11,766 Cr).
Established history (14+ yrs).
Rating: 1★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 23.83% (upper mid).
3Y return: 30.98% (upper mid).
1Y return: 56.59% (upper mid).
1M return: -12.14% (bottom quartile).
Alpha: 0.00 (upper mid).
Sharpe: 3.01 (upper mid).

HDFC Arbitrage Fund

Lower mid AUM (₹24,768 Cr).
Established history (18+ yrs).
Top rated.
Risk profile: Moderately Low.
5Y return: 5.92% (lower mid).
3Y return: 6.99% (lower mid).
1Y return: 6.17% (bottom quartile).
1M return: 0.42% (upper mid).
Alpha: 0.00 (lower mid).
Sharpe: 1.23 (bottom quartile).

HDFC Liquid Fund

Highest AUM (₹67,850 Cr).
Oldest track record among peers (25 yrs).
Rating: 3★ (lower mid).
Risk profile: Low.
1Y return: 6.18% (lower mid).
1M return: 0.39% (lower mid).
Sharpe: 2.66 (lower mid).
Information ratio: -0.17 (bottom quartile).
Yield to maturity (debt): 6.44% (lower mid).
Modified duration: 0.13 yrs (lower mid).

3. Reliance Nippon Life Asset Management Limited

With Assets under Management of approximately ₹ 2.5 lakh crore, Reliance Mutual Fund is one of India’s leading mutual fund companies.

A part of Reliance Anil Dhirubhai Ambani (ADA) Group, Reliance Mutual Fund is one of the fastest growing AMCs in India.

Top Reliance Mutual Fund Funds 2026

No Funds available.

4. Aditya Birla Sun Life Asset Management Company Limited

Formerly known as Birla Sun Life Asset Management Company, this fund house is the 3rd largest in terms of the AUM size. Presently it is known as Aditya Birla Sun Life (ABSL) Asset Management Company Ltd. It is a joint venture between the Aditya Birla Group in India and Sun Life Financial Inc of Canada. It was set up as a joint venture in 1994.

Top Aditya Birla Mutual Fund Funds 2026

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2024 (%)
Aditya Birla Sun Life International Equity Fund - Plan B Growth	₹28.8036 ↑ 0.07	₹93	10.3	10	13.8	18.9	9
Aditya Birla Sun Life Commodity Equities Fund - Global Agri Plan Growth	₹35.7925 ↑ 0.13	₹13	5.9	-4.4	-3	19.4	8.7
Aditya Birla Sun Life Credit Risk Fund Growth	₹24.2987 ↑ 0.02	₹1,175	4.5	6.5	12.4	11.8	9.7	13.4
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 28 Jul 23

Research Highlights & Commentary of 3 Funds showcased

Commentary	Aditya Birla Sun Life International Equity Fund - Plan B	Aditya Birla Sun Life Commodity Equities Fund - Global Agri Plan	Aditya Birla Sun Life Credit Risk Fund
Point 1	Lower mid AUM (₹93 Cr).	Bottom quartile AUM (₹13 Cr).	Highest AUM (₹1,175 Cr).
Point 2	Oldest track record among peers (18 yrs).	Established history (17+ yrs).	Established history (10+ yrs).
Point 3	Rating: 1★ (lower mid).	Top rated.	Not Rated.
Point 4	Risk profile: High.	Risk profile: High.	Risk profile: Moderate.
Point 5	5Y return: 8.98% (lower mid).	5Y return: 8.67% (bottom quartile).	1Y return: 12.44% (lower mid).
Point 6	3Y return: 18.95% (lower mid).	3Y return: 19.45% (upper mid).	1M return: -0.12% (bottom quartile).
Point 7	1Y return: 13.75% (upper mid).	1Y return: -3.01% (bottom quartile).	Sharpe: 2.39 (upper mid).
Point 8	Alpha: 0.00 (upper mid).	Alpha: -3.41 (bottom quartile).	Information ratio: 0.00 (lower mid).
Point 9	Sharpe: 0.85 (lower mid).	Sharpe: -0.44 (bottom quartile).	Yield to maturity (debt): 7.96% (upper mid).
Point 10	Information ratio: 0.00 (upper mid).	Information ratio: -0.10 (bottom quartile).	Modified duration: 2.01 yrs (bottom quartile).

Aditya Birla Sun Life International Equity Fund - Plan B

Lower mid AUM (₹93 Cr).
Oldest track record among peers (18 yrs).
Rating: 1★ (lower mid).
Risk profile: High.
5Y return: 8.98% (lower mid).
3Y return: 18.95% (lower mid).
1Y return: 13.75% (upper mid).
Alpha: 0.00 (upper mid).
Sharpe: 0.85 (lower mid).
Information ratio: 0.00 (upper mid).

Aditya Birla Sun Life Commodity Equities Fund - Global Agri Plan

Bottom quartile AUM (₹13 Cr).
Established history (17+ yrs).
Top rated.
Risk profile: High.
5Y return: 8.67% (bottom quartile).
3Y return: 19.45% (upper mid).
1Y return: -3.01% (bottom quartile).
Alpha: -3.41 (bottom quartile).
Sharpe: -0.44 (bottom quartile).
Information ratio: -0.10 (bottom quartile).

Aditya Birla Sun Life Credit Risk Fund

Highest AUM (₹1,175 Cr).
Established history (10+ yrs).
Not Rated.
Risk profile: Moderate.
1Y return: 12.44% (lower mid).
1M return: -0.12% (bottom quartile).
Sharpe: 2.39 (upper mid).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 7.96% (upper mid).
Modified duration: 2.01 yrs (bottom quartile).

5. SBI Funds Management Private Limited

SBI Funds Management Pvt Limited is a joint venture between the State Bank of India (SBI) and financial services company Amundi, a European Asset Management company in France. It was launched in 1987.

Top SBI Mutual Fund Funds 2026

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2024 (%)
SBI Dynamic Asset Allocation Fund Growth	₹15.9463 ↑ 0.03	₹655	3.9	6.2	25.1	6.9	8.3
SBI Gold Fund Growth	₹40.7747 ↑ 1.89	₹15,700	2.2	22.1	57.5	31.4	24.1	71.5
SBI Arbitrage Opportunities Fund Growth	₹35.2751 ↓ -0.02	₹44,393	1.5	3.1	6.3	7.1	6.1	6.5
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 2 Jul 21

Research Highlights & Commentary of 3 Funds showcased

Commentary	SBI Dynamic Asset Allocation Fund	SBI Gold Fund	SBI Arbitrage Opportunities Fund
Point 1	Bottom quartile AUM (₹655 Cr).	Lower mid AUM (₹15,700 Cr).	Highest AUM (₹44,393 Cr).
Point 2	Established history (11+ yrs).	Established history (14+ yrs).	Oldest track record among peers (19 yrs).
Point 3	Not Rated.	Top rated.	Rating: 2★ (lower mid).
Point 4	Risk profile: Moderately High.	Risk profile: Moderately High.	Risk profile: Moderately Low.
Point 5	5Y return: 8.31% (lower mid).	5Y return: 24.08% (upper mid).	5Y return: 6.15% (bottom quartile).
Point 6	3Y return: 6.92% (bottom quartile).	3Y return: 31.36% (upper mid).	3Y return: 7.08% (lower mid).
Point 7	1Y return: 25.12% (lower mid).	1Y return: 57.53% (upper mid).	1Y return: 6.35% (bottom quartile).
Point 8	1M return: 1.04% (upper mid).	1M return: -11.91% (bottom quartile).	1M return: 0.50% (lower mid).
Point 9	Alpha: 0.00 (upper mid).	Alpha: 0.00 (lower mid).	Alpha: 0.00 (bottom quartile).
Point 10	Sharpe: 2.59 (lower mid).	Sharpe: 2.95 (upper mid).	Sharpe: 1.76 (bottom quartile).

SBI Dynamic Asset Allocation Fund

Bottom quartile AUM (₹655 Cr).
Established history (11+ yrs).
Not Rated.
Risk profile: Moderately High.
5Y return: 8.31% (lower mid).
3Y return: 6.92% (bottom quartile).
1Y return: 25.12% (lower mid).
1M return: 1.04% (upper mid).
Alpha: 0.00 (upper mid).
Sharpe: 2.59 (lower mid).

SBI Gold Fund

Lower mid AUM (₹15,700 Cr).
Established history (14+ yrs).
Top rated.
Risk profile: Moderately High.
5Y return: 24.08% (upper mid).
3Y return: 31.36% (upper mid).
1Y return: 57.53% (upper mid).
1M return: -11.91% (bottom quartile).
Alpha: 0.00 (lower mid).
Sharpe: 2.95 (upper mid).

SBI Arbitrage Opportunities Fund

Highest AUM (₹44,393 Cr).
Oldest track record among peers (19 yrs).
Rating: 2★ (lower mid).
Risk profile: Moderately Low.
5Y return: 6.15% (bottom quartile).
3Y return: 7.08% (lower mid).
1Y return: 6.35% (bottom quartile).
1M return: 0.50% (lower mid).
Alpha: 0.00 (bottom quartile).
Sharpe: 1.76 (bottom quartile).

6. UTI Asset Management Company Ltd

UTI Mutual Fund is a part of Unit Trust of India (UTI). It was registered with SEBI in 2003. It is promoted by SBI, LIC, Bank of Baroda and PNB.

UTI is one of the oldest and largest mutual funds in India.

Top UTI Mutual Fund Funds 2026

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2024 (%)
UTI Arbitrage Fund Growth	₹36.5578 ↓ -0.01	₹11,070	1.5	3.1	6.3	7.1	6	6.5
UTI Liquid Cash Plan Growth	₹4,465.3 ↑ 0.29	₹27,263	1.4	2.9	6.2	6.9	5.9	6.5
UTI Overnight Fund Growth	₹3,641.73 ↑ 0.51	₹4,437	1.2	2.6	5.4	6.3	5.5	5.8
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 24 Mar 26

Research Highlights & Commentary of 3 Funds showcased

Commentary	UTI Arbitrage Fund	UTI Liquid Cash Plan	UTI Overnight Fund
Point 1	Lower mid AUM (₹11,070 Cr).	Highest AUM (₹27,263 Cr).	Bottom quartile AUM (₹4,437 Cr).
Point 2	Established history (19+ yrs).	Oldest track record among peers (22 yrs).	Established history (22+ yrs).
Point 3	Top rated.	Rating: 3★ (lower mid).	Rating: 2★ (bottom quartile).
Point 4	Risk profile: Moderately Low.	Risk profile: Low.	Risk profile: Moderately Low.
Point 5	5Y return: 5.97% (upper mid).	1Y return: 6.20% (lower mid).	1Y return: 5.45% (bottom quartile).
Point 6	3Y return: 7.07% (upper mid).	1M return: 0.39% (lower mid).	1M return: 0.38% (bottom quartile).
Point 7	1Y return: 6.31% (upper mid).	Sharpe: 2.88 (upper mid).	Sharpe: -18.59 (bottom quartile).
Point 8	1M return: 0.43% (upper mid).	Information ratio: 0.00 (lower mid).	Information ratio: 0.00 (bottom quartile).
Point 9	Alpha: 0.00 (upper mid).	Yield to maturity (debt): 6.03% (lower mid).	Yield to maturity (debt): 4.95% (bottom quartile).
Point 10	Sharpe: 1.70 (lower mid).	Modified duration: 0.09 yrs (lower mid).	Modified duration: 0.01 yrs (upper mid).

UTI Arbitrage Fund

Lower mid AUM (₹11,070 Cr).
Established history (19+ yrs).
Top rated.
Risk profile: Moderately Low.
5Y return: 5.97% (upper mid).
3Y return: 7.07% (upper mid).
1Y return: 6.31% (upper mid).
1M return: 0.43% (upper mid).
Alpha: 0.00 (upper mid).
Sharpe: 1.70 (lower mid).

UTI Liquid Cash Plan

Highest AUM (₹27,263 Cr).
Oldest track record among peers (22 yrs).
Rating: 3★ (lower mid).
Risk profile: Low.
1Y return: 6.20% (lower mid).
1M return: 0.39% (lower mid).
Sharpe: 2.88 (upper mid).
Information ratio: 0.00 (lower mid).
Yield to maturity (debt): 6.03% (lower mid).
Modified duration: 0.09 yrs (lower mid).

UTI Overnight Fund

Bottom quartile AUM (₹4,437 Cr).
Established history (22+ yrs).
Rating: 2★ (bottom quartile).
Risk profile: Moderately Low.
1Y return: 5.45% (bottom quartile).
1M return: 0.38% (bottom quartile).
Sharpe: -18.59 (bottom quartile).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 4.95% (bottom quartile).
Modified duration: 0.01 yrs (upper mid).

7. Kotak Mahindra Asset Management Company Limited

Kotak Mahindra Mutual Fund is a part of the Kotak Group established in 1985 by Mr. Uday Kotak. Kotak Mahindra Asset Management Company (KMAMC) is the asset manager for Kotak Mahindra Mutual Fund (KMMF). KMAMC started its operations in 1998.

Top Kotak Mutual Fund Funds 2026

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2024 (%)
Kotak Global Emerging Market Fund Growth	₹32.413 ↓ -0.65	₹877	6.5	9.7	38.6	18.9	7.4	39.1
Kotak Gold Fund Growth	₹53.3109 ↑ 2.33	₹6,866	1.9	21.6	56.7	30.7	23.5	70.4
Kotak Equity Arbitrage Fund Growth	₹39.0778 ↓ -0.01	₹71,265	1.5	3.1	6.2	7.1	6.1	6.4
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 23 Mar 26

Research Highlights & Commentary of 3 Funds showcased

Commentary	Kotak Global Emerging Market Fund	Kotak Gold Fund	Kotak Equity Arbitrage Fund
Point 1	Bottom quartile AUM (₹877 Cr).	Lower mid AUM (₹6,866 Cr).	Highest AUM (₹71,265 Cr).
Point 2	Established history (18+ yrs).	Established history (15+ yrs).	Oldest track record among peers (20 yrs).
Point 3	Rating: 3★ (lower mid).	Rating: 1★ (bottom quartile).	Top rated.
Point 4	Risk profile: High.	Risk profile: Moderately High.	Risk profile: Moderately Low.
Point 5	5Y return: 7.43% (lower mid).	5Y return: 23.48% (upper mid).	5Y return: 6.13% (bottom quartile).
Point 6	3Y return: 18.92% (lower mid).	3Y return: 30.73% (upper mid).	3Y return: 7.13% (bottom quartile).
Point 7	1Y return: 38.62% (lower mid).	1Y return: 56.66% (upper mid).	1Y return: 6.24% (bottom quartile).
Point 8	Alpha: -0.41 (bottom quartile).	1M return: -11.97% (bottom quartile).	1M return: 0.46% (upper mid).
Point 9	Sharpe: 2.96 (lower mid).	Alpha: 0.00 (upper mid).	Alpha: 0.00 (lower mid).
Point 10	Information ratio: -0.72 (bottom quartile).	Sharpe: 3.49 (upper mid).	Sharpe: 1.29 (bottom quartile).

Kotak Global Emerging Market Fund

Bottom quartile AUM (₹877 Cr).
Established history (18+ yrs).
Rating: 3★ (lower mid).
Risk profile: High.
5Y return: 7.43% (lower mid).
3Y return: 18.92% (lower mid).
1Y return: 38.62% (lower mid).
Alpha: -0.41 (bottom quartile).
Sharpe: 2.96 (lower mid).
Information ratio: -0.72 (bottom quartile).

Kotak Gold Fund

Lower mid AUM (₹6,866 Cr).
Established history (15+ yrs).
Rating: 1★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 23.48% (upper mid).
3Y return: 30.73% (upper mid).
1Y return: 56.66% (upper mid).
1M return: -11.97% (bottom quartile).
Alpha: 0.00 (upper mid).
Sharpe: 3.49 (upper mid).

Kotak Equity Arbitrage Fund

Highest AUM (₹71,265 Cr).
Oldest track record among peers (20 yrs).
Top rated.
Risk profile: Moderately Low.
5Y return: 6.13% (bottom quartile).
3Y return: 7.13% (bottom quartile).
1Y return: 6.24% (bottom quartile).
1M return: 0.46% (upper mid).
Alpha: 0.00 (lower mid).
Sharpe: 1.29 (bottom quartile).

8. Franklin Templeton Mutual Fund

Franklin Templeton India office was set up in 1996 as Templeton Asset Management India Pvt. Limited. This mutual fund has now set up by the name, Franklin Templeton Asset Management (India) Pt Limited.

Top Franklin Mutual Fund Funds 2026

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)
Franklin India Short Term Income Plan - Retail Plan Growth	₹15,041.3 ↑ 0.11	₹13	192.1	192.1	192.1	47.3	32.5
Franklin India Feeder - Franklin European Growth Fund Growth	₹11.5467 ↑ 0.04	₹18	7.4	16.2	12.5	10	8
Franklin India Life Stage Fund Of Funds - 20s Plan Growth	₹123.507 ↑ 0.02	₹11	3.6	16.7	4.8	14.4	8.6
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 2 May 25

Research Highlights & Commentary of 3 Funds showcased

Commentary	Franklin India Short Term Income Plan - Retail Plan	Franklin India Feeder - Franklin European Growth Fund	Franklin India Life Stage Fund Of Funds - 20s Plan
Point 1	Lower mid AUM (₹13 Cr).	Highest AUM (₹18 Cr).	Bottom quartile AUM (₹11 Cr).
Point 2	Oldest track record among peers (24 yrs).	Established history (11+ yrs).	Established history (22+ yrs).
Point 3	Rating: 2★ (bottom quartile).	Top rated.	Rating: 3★ (lower mid).
Point 4	Risk profile: Moderate.	Risk profile: High.	Risk profile: Moderately High.
Point 5	1Y return: 192.10% (upper mid).	5Y return: 8.03% (bottom quartile).	5Y return: 8.56% (lower mid).
Point 6	1M return: 192.10% (upper mid).	3Y return: 10.03% (bottom quartile).	3Y return: 14.37% (lower mid).
Point 7	Sharpe: -90.89 (bottom quartile).	1Y return: 12.50% (lower mid).	1Y return: 4.76% (bottom quartile).
Point 8	Information ratio: -2.42 (bottom quartile).	Alpha: -7.92 (bottom quartile).	1M return: 1.58% (bottom quartile).
Point 9	Yield to maturity (debt): 0.00% (lower mid).	Sharpe: 0.02 (upper mid).	Alpha: 0.00 (upper mid).
Point 10	Modified duration: 0.00 yrs (upper mid).	Information ratio: -1.04 (lower mid).	Sharpe: -0.34 (lower mid).

Franklin India Short Term Income Plan - Retail Plan

Lower mid AUM (₹13 Cr).
Oldest track record among peers (24 yrs).
Rating: 2★ (bottom quartile).
Risk profile: Moderate.
1Y return: 192.10% (upper mid).
1M return: 192.10% (upper mid).
Sharpe: -90.89 (bottom quartile).
Information ratio: -2.42 (bottom quartile).
Yield to maturity (debt): 0.00% (lower mid).
Modified duration: 0.00 yrs (upper mid).

Franklin India Feeder - Franklin European Growth Fund

Highest AUM (₹18 Cr).
Established history (11+ yrs).
Top rated.
Risk profile: High.
5Y return: 8.03% (bottom quartile).
3Y return: 10.03% (bottom quartile).
1Y return: 12.50% (lower mid).
Alpha: -7.92 (bottom quartile).
Sharpe: 0.02 (upper mid).
Information ratio: -1.04 (lower mid).

Franklin India Life Stage Fund Of Funds - 20s Plan

Bottom quartile AUM (₹11 Cr).
Established history (22+ yrs).
Rating: 3★ (lower mid).
Risk profile: Moderately High.
5Y return: 8.56% (lower mid).
3Y return: 14.37% (lower mid).
1Y return: 4.76% (bottom quartile).
1M return: 1.58% (bottom quartile).
Alpha: 0.00 (upper mid).
Sharpe: -0.34 (lower mid).

9. DSP Blackrock Mutual Fund

DSP BlackRock is a joint venture between DSP Group and BlackRock, world’s largest investment management firm. DSP BlackRock Trustee Company Private Ltd. is the trustee for the DSP BlackRock Mutual Fund.

Top DSP Mutual Fund Funds 2026

No Funds available.

10. Axis Mutual Fund

Axis Mutual Fund had launched its first scheme in 2009. Mr. Chandresh Kumar Nigam is the MD & CEO. Axis Bank Limited holds 74.99% in Axis Mutual Fund. The remaining 25% is held by Schroder Singapore Holdings Private Limited.

Top Axis Mutual Fund Funds 2026

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2024 (%)
Axis Gold Fund Growth	₹40.5756 ↑ 2.28	₹2,998	2.3	22.3	57.5	31.2	24	69.8
Axis Arbitrage Fund Growth	₹19.4803 ↓ -0.01	₹9,212	1.5	3	6.2	6.9	5.9	6.3
Axis Liquid Fund Growth	₹3,031.12 ↑ 0.15	₹43,636	1.4	2.9	6.2	6.9	5.9	6.6
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 24 Mar 26

Research Highlights & Commentary of 3 Funds showcased

Commentary	Axis Gold Fund	Axis Arbitrage Fund	Axis Liquid Fund
Point 1	Bottom quartile AUM (₹2,998 Cr).	Lower mid AUM (₹9,212 Cr).	Highest AUM (₹43,636 Cr).
Point 2	Established history (14+ yrs).	Established history (11+ yrs).	Oldest track record among peers (16 yrs).
Point 3	Rating: 1★ (bottom quartile).	Rating: 2★ (lower mid).	Top rated.
Point 4	Risk profile: Moderately High.	Risk profile: Moderate.	Risk profile: Low.
Point 5	5Y return: 23.95% (upper mid).	5Y return: 5.88% (bottom quartile).	1Y return: 6.22% (lower mid).
Point 6	3Y return: 31.21% (upper mid).	3Y return: 6.87% (bottom quartile).	1M return: 0.39% (lower mid).
Point 7	1Y return: 57.52% (upper mid).	1Y return: 6.16% (bottom quartile).	Sharpe: 2.99 (lower mid).
Point 8	1M return: -11.83% (bottom quartile).	1M return: 0.42% (upper mid).	Information ratio: 0.00 (bottom quartile).
Point 9	Alpha: 0.00 (upper mid).	Alpha: 0.00 (lower mid).	Yield to maturity (debt): 6.36% (lower mid).
Point 10	Sharpe: 3.39 (upper mid).	Sharpe: 1.19 (bottom quartile).	Modified duration: 0.12 yrs (lower mid).

Axis Gold Fund

Bottom quartile AUM (₹2,998 Cr).
Established history (14+ yrs).
Rating: 1★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 23.95% (upper mid).
3Y return: 31.21% (upper mid).
1Y return: 57.52% (upper mid).
1M return: -11.83% (bottom quartile).
Alpha: 0.00 (upper mid).
Sharpe: 3.39 (upper mid).

Axis Arbitrage Fund

Lower mid AUM (₹9,212 Cr).
Established history (11+ yrs).
Rating: 2★ (lower mid).
Risk profile: Moderate.
5Y return: 5.88% (bottom quartile).
3Y return: 6.87% (bottom quartile).
1Y return: 6.16% (bottom quartile).
1M return: 0.42% (upper mid).
Alpha: 0.00 (lower mid).
Sharpe: 1.19 (bottom quartile).

Axis Liquid Fund

Highest AUM (₹43,636 Cr).
Oldest track record among peers (16 yrs).
Top rated.
Risk profile: Low.
1Y return: 6.22% (lower mid).
1M return: 0.39% (lower mid).
Sharpe: 2.99 (lower mid).
Information ratio: 0.00 (bottom quartile).
Yield to maturity (debt): 6.36% (lower mid).
Modified duration: 0.12 yrs (lower mid).

List of Asset Management Companies in India

The complete list of asset management companies in India is as follows:

AMC	Type of AMC	Inception Date	AUM in Crores (#As on March 2018)
BOI AXA Investment Managers Private Limited	Bank Sponsored - Joint Venture (Predominantly Indian)	March 31, 2008	5727.84
Canara Robeco Asset Management Company Limited	Bank Sponsored - Joint Venture (Predominantly Indian)	December 19, 1987	12205.33
SBI Funds Management Private Limited	Bank Sponsored - Joint Venture (Predominantly Indian)	June 29, 1987	12205.33
Baroda Pioneer Asset Management Company Limited	Bank Sponsored - Joint Venture (Predominantly Foreign)	November 24, 1994	12895.91
IDBI Asset Management Ltd.	Bank Sponsored - Others	March 29, 2010	10401.10
Union Asset Management Company Private Limited	Bank Sponsored - Others	March 23, 2011	3743.63
UTI Asset Management Company Ltd	Bank Sponsored - Others	February 01, 2003	145286.52
LIC Mutual Fund Asset Management Limited	Indian Institutions	April 20, 1994	18092.87
Edelweiss Asset Management Limited	Private Sector - Indian	April 30, 2008	11353.74
Escorts Asset Management Limited	Private Sector - Indian	April 15, 1996	13.23
IIFL Asset Management Ltd.	Private Sector - Indian	March 23, 2011	596.85
Indiabulls Asset Management Company Ltd.	Private Sector - Indian	March 24, 2011	8498.97
JM Financial Asset Management Limited	Private Sector - Indian	September 15, 1994	12157.02
Kotak Mahindra Asset Management Company Limited(KMAMCL)	Private Sector - Indian	June 23, 1998	122426.61
L&T Investment Management Limited	Private Sector - Indian	January 03, 1997	65828.9
Mahindra Asset Management Company Pvt. Ltd.	Private Sector - Indian	February 04, 2016	3357.51
Motilal Oswal Asset Management Company Limited	Private Sector - Indian	December 29, 2009	17705.33
Essel Funds Management Company Ltd	Private Sector - Indian	December 04, 2009	924.72
PPFAS Asset Management Pvt. Ltd.	Private Sector - Indian	October 10, 2012	1010.38
Quantum Asset Management Company Private Limited	Private Sector - Indian	December 02, 2005	1249.50
Sahara Asset Management Company Private Limited	Private Sector - Indian	July 18, 1996	58.35
Shriram Asset Management Co. Ltd.	Private Sector - Indian	December 05, 1994	42.55
Sundaram Asset Management Company Limited	Private Sector - Indian	August 24, 1996	31955.35
Tata Asset Management Limited	Private Sector - Indian	June 30, 1995	46723.25
Taurus Asset Management Company Limited	Private Sector - Indian	August 20, 1993	475.67
BNP Paribas Asset Management India Private Limited	Private Sector - Foreign	April 15, 2004	7709.32
Franklin Templeton Asset Management (India) Private Limited	Private Sector - Foreign	February 19, 1996	102961.13
Invesco Asset Management (India) Private Limited	Private Sector - Foreign	July 24, 2006	25592.75
Mirae Asset Global Investments (India) Pvt. Ltd.	Private Sector - Foreign	November 30, 2007	15034.99
Axis Asset Management Company Ltd.	Private Sector - Joint Venture -Predominantly Indian	September 04, 2009	73858.71
Birla Sun Life Asset Management Company Limited	Private Sector - Joint Venture -Predominantly Indian	December 23, 1994	244730.86
DSP BlackRock Investment Managers Private Limited	Private Sector - Joint Venture -Predominantly Indian	December 16, 1996	85172.78
HDFC Asset Management Company Limited	Private Sector - Joint Venture -Predominantly Indian	June 30, 2000	294968.74
ICICI Prudential Asset Mgmt.Company Limited	Private Sector - Joint Venture -Predominantly Indian	October 13, 1993	310166.25
IDFC Asset Management Company Limited	Private Sector - Joint Venture -Predominantly Indian	March 13, 2000	69075.26
Reliance Nippon Life Asset Management Limited	Private Sector - Joint Venture -Predominantly Indian	June 30, 1995	233132.40
HSBC Asset Management (India) Private Ltd.	Private Sector - Joint Venture -Predominantly Foreign	May 27, 2002	10543.30
Principal PNB Asset Management Co. Pvt. Ltd.	Private Sector - Joint Venture -Predominantly Foreign	November 25, 1994	7034.80
DHFL Pramerica Asset Managers Private Limited	Private Sector - Joint Venture -Others	May 13, 2010	24,80,727

*AUM source- MorningStar

Type of Equity Mutual Funds Offered by AMC's

Mutual Fund Companies manage large sums of money invested in various schemes. Investors place confidence in the fund manager as well as the AMC while investing in their schemes.

A large AUM can be both positive, as well as negative. If invested efficiently, it can deliver manifold returns for its investors.

Different Categories of Mutual Funds are as follows:

Large Cap Funds

In this type of mutual fund, the investment is made in large-cap companies. These companies are stable, have a proven track record and good ratings. These companies have historically given returns between 12% and 18%. Moderate risk is involved and it is suggested to invest in these funds for more than 4 years.

Mid Cap Funds

In this type of mutual fund, the investment is made in mid-cap companies. These companies come after Large cap funds in the hierarchy.These companies have historically given returns between 15% and 20%. The risk is slightly more than large-cap funds. It is suggested to invest in these funds for more than 5 years.

Small Cap Funds

In this type of mutual fund, the investment is made in small cap companies. These companies offer 16-22% return. This category is a high risk- high return one.

Balanced Fund

This fund has a combination of equity and debt in its portfolio. Depending on the proportion of investment made in equity and debt, the risk and returns are accordingly determined. Investment can be made via lump sum investment or through SIP (Systematic Investment Plan) mode in any of these fund categories.

An investor can take any investment decision taking into account his/her investment objective, investment duration and risk-return capacity.

Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.