With assets of Rs.20511 crore, Ask Investment Managers was the top player in the PMS industry as on November 2019, shows the data released by PMSKart.
Motilal Oswal AMC and Enam Asset Management followed Ask Investment Managers with assets of Rs.15137 crore and Rs.14762 crore, respectively.
Quantum Advisors stood at fourth position with AUM Rs.14591 crore. Other top players include Alchemy Capital Management, Unifi Capital, IIFL Wealth Advisors, ICICI Prudential Asset Management, Banyan Tree Advisors, and Karma Capital Advisors.
Among the top 10 PMS players, only two PMS players, Motilal Oswal AMC and ICICI Prudential AMC have mutual fund business.
Currently, of the total 700 PMS providers having license to sell this product, only 200 PMS providers are active, said PMSKart.
As on June 2019, PMS assets excluding EPFO/PF investments stood at Rs.4.40 lakh crore.
India's top PMS players in terms of AUM:
|
PMS players |
AUM (crores) |
|
Ask Investment Managers Limited |
20511 |
|
Motilal Oswal Asset Management Company Limited |
15137 |
|
Enam Asset Management Co.Pvt.Ltd |
14762 |
|
Quantum Advisors Pvt.Ltd. |
14591 |
|
Alchemy Capital Management Private Ltd |
6295 |
|
Unifi Capital Private Limited |
3377 |
|
IIFL Wealth Advisors India Limited |
3341 |
|
ICICI Prudential Asset Management Company Ltd. |
2832 |
|
Banyan Tree Advisors Private Limited |
2131 |
|
Karma Capital Advisors Pvt. Ltd. |
2067 |
Source: PMSKart