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Data released by the Association of Portfolio Managers in India (APMI) shows that Enam Asset Management Company has the largest AUM in equity discretionary PMS in April 2024.
Discretionary PMS is similar to mutual funds where portfolio managers do not seek investors’ approval to invest money. Here, the portfolio managers have complete freedom and flexibility to deploy funds.
In equity PMS category, Enam Asset Management Company tops the list with AUM of Rs.35,000 crore. Next in the list are ASK Investment Managers and 360 ONE Asset Management with AUM of Rs.24,000 crore and Rs.19,600 crore, respectively.
Unifi Capital (Rs.19,000 crore), Quantum Advisors (Rs.18,000 crore) and Abakkus Asset Manager (Rs.15,000 crore) are the next three in the equity PMS category.
These are the only 6 PMS providers with AUM of over Rs.15,000 crore.
Here is the top ten list equity PMS:
Equity
|
PMS Provider |
AUM (Rs in crore) |
|
Enam Asset Management Company |
35,186 |
|
ASK Investment Managers |
24,407 |
|
360 ONE Asset Management |
19,644 |
|
Unifi Capital |
19,422 |
|
Quantum Advisors |
18,999 |
|
Abakkus Asset Manager |
15,037 |
|
ICICI Prudential Asset Management Company |
14,504 |
|
Motilal Oswal Asset Management Company |
12,536 |
|
Valuequest Investment Advisors |
12,072 |
|
Marcellus Investment Managers |
7,081 |
In debt category, SBI Funds Management has the largest AUM of Rs.2,000 crore. Tata Asset Management and ICICI Prudential Asset Management Company follow SBI Funds Management with AUM of Rs.1,200 crore and Rs.950 crore, respectively.
Unifi Capital and Dezerv Investments are the next two in the list. Let us look at the table to know more.
Debt
|
PMS Provider |
AUM (Rs in crore) |
|
SBI Funds Management |
2,206 |
|
Tata Asset Management |
1,288 |
|
ICICI Prudential Asset Management Company |
974 |
|
Unifi Capital |
856 |
|
Dezerv Investments |
574 |
|
Motilal Oswal Wealth |
369 |
|
Credit Suisse Securities (India) |
356 |
|
Nuvama Asset Management |
311 |
|
Abakkus Asset Manager |
288 |
|
Deutsche Investments India |
249 |
In hybrid category, NJ Asset Management, Credit Suisse Securities (India) and 360 One Portfolio Managers are the top 3 players. They have an AUM of Rs.1,300 crore, Rs.800 crore, Rs.300 crore, respectively.
Let’s look at the table to know more.
Hybrid
|
PMS Provider |
AUM (Rs in crore) |
|
NJ Asset Management |
1,290 |
|
Credit Suisse Securities (India) |
825 |
|
360 One Portfolio Managers |
289 |
|
Wealth Managers (India) |
193 |
|
ICICI Securities |
73 |
|
Composite Investments |
57 |
|
Trustline Holdings |
36 |
|
HDFC Asset Management Company |
36 |
|
SBI Funds Management |
35 |
|
Nippon Life India Asset Management |
32 |
|
Spark PWM |
28 |
Lastly, in multi asset category, 360 One Portfolio Managers has the largest AUM of Rs 7.000 crore. Next two in the list are Nuvama Asset Management and Deutsche Investments India. Here is the list of top 10 multi asset discretionary PMS.
Multi asset
|
PMS Provider |
AUM (Rs in crore) |
|
360 One Portfolio Managers |
7,147 |
|
Nuvama Asset Management |
1,072 |
|
Deutsche Investments India |
782 |
|
Kotak Mahindra Asset Management |
560 |
|
Right Horizons Portfolio Management |
490 |
|
Ithought Financial Consulting |
476 |
|
Agreya Capital Advisors |
379 |
|
Multi-Act Equity Consultancy |
148 |
|
Aarohan Holdings and Advisors |
145 |
|
Julius Baer Wealth Advisors (India) |
138 |
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