Top 10 Asset Management Companies (AMCs) in India by AUM in 2025
The mutual fund industry in India has grown tremendously in the last decade, crossing ā¹55 lakh crore in Assets Under Management (AUM) by early 2025. Investors now prefer professional fund managers to grow their wealth across equity, debt, and hybrid funds. But which AMCs dominate this space? Let’s look at the top 10 AMCs in India ranked by AUM.
1. SBI Mutual Fund
SBI MF continues to hold the largest market share in India’s mutual fund industry. With an AUM of over ā¹9.5 lakh crore, it leads across categories including equity, debt, and hybrid funds. Its wide reach through SBI branches gives it unmatched distribution strength.
2. ICICI Prudential Mutual Fund
ICICI Prudential MF is the second-largest AMC, with an AUM of around ā¹6.5 lakh crore. Known for both equity and debt funds, it has strong SIP inflows and a wide retail investor base.
3. HDFC Mutual Fund
HDFC MF remains one of the most trusted names in mutual funds, with an AUM of nearly ā¹6.2 lakh crore. It is particularly strong in actively managed equity funds and balanced advantage funds.
4. Nippon India Mutual Fund
Nippon India MF, backed by Reliance legacy and now managed under Japan’s Nippon Life, has an AUM of about ā¹4.2 lakh crore. It has a strong retail presence and a wide variety of schemes.
5. Kotak Mahindra Mutual Fund
Kotak Mutual Fund has consistently grown and now manages about ā¹3.7 lakh crore in AUM. It is especially strong in debt funds and arbitrage products.
6. Axis Mutual Fund
Axis MF, with an AUM of nearly ā¹3.1 lakh crore, has gained retail popularity through its equity schemes, though recent controversies in fund management shook investor trust temporarily.
7. UTI Mutual Fund
UTI MF, one of the oldest mutual funds in India, manages an AUM of around ā¹2.9 lakh crore. It continues to be a trusted brand with government and institutional backing.
8. Mirae Asset Mutual Fund
Mirae Asset, a South Korea-based AMC, has rapidly grown in India with an AUM of about ā¹1.8 lakh crore. It is well-known for its equity funds like Mirae Asset Emerging Bluechip.
9. DSP Mutual Fund
DSP MF has built investor trust with a balanced range of equity and debt products. Its AUM is around ā¹1.4 lakh crore, making it one of the top 10 AMCs in India.
10. Aditya Birla Sun Life Mutual Fund
Aditya Birla MF closes the top 10 list with an AUM of nearly ā¹1.3 lakh crore. It offers a wide bouquet of funds across equity, debt, and hybrid categories.
Why AUM Matters?
A higher AUM usually indicates strong investor confidence, established fund performance, and trust in the AMC’s processes. However, investors must look beyond just size — focusing also on fund performance, expense ratio, and suitability for their own goals.
š Useful Links
• AMFI India Mutual Fund Industry Data: https://www.amfiindia.com
• SEBI Guidelines on Mutual Funds: https://www.sebi.gov.in
• NSE Mutual Fund Market Tracker: https://www.nseindia.com
• Open your mutual funds account on below link & get your funds suggested by Dr. Vinay Prakash Tiwari: http://p.njw.bz/44600
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Written by Dr. Vinay Prakash Tiwari, Founder – LTP Calculator Financial Technology Pvt. Ltd & Daddy’s International School & Hostel, Bishunpura Kanta, Chandauli, UP
ā Disclaimer: The AMC rankings and AUM figures are based on industry data as of 2025 and may change with time. Mutual fund investments are subject to market risks. Past performance and AUM size do not guarantee future returns. Please consult a SEBI-registered financial adviser before investing.
