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A report by ValueQuest Investment Advisors shows the top 10 alternate managers in India based on their AUM in FY23.
According to the report, both 360 One and Kotak occupy the top position in the alternates space in March 2023. Alternates include AUM of both AIF and PMS.
Both 360 One and Kotak top the list with AUM of Rs. 60,000 crore in alternate investments. Their AUM in 2018 was Rs.13,400 crore and 22,000 crore, respectively. While 360 One grew by CAGR of 35%, Kotak saw an annual growth of 20% in the last five years.
Edelweiss is next with AUM of Rs. 50,000 crore. Edelweiss used to manage Rs.12000 crore in AIFs and PMS in 2018.
Both ASK and Enam follow Edelweiss with assets of Rs. 40,000 crore in alternate investments.
Among other players in the top 10 list are Motilal Oswal (Rs. 22,000 crore), WhiteOak (Rs. 21,600 crore), Unifi (Rs. 18,500 crore), ICICI Ventures (Rs. 13,000 crore), Abakkus (Rs. 13,000 crore) and ValueQuest (Rs. 11,500 crore).
In terms of CAGR growth between FY18 and FY23, ValueQuest captures the top position with CAGR growth of 87%. WhiteOak occupies second spot with CAGR of 85% whereas Unifi is next with CAGR of 44%.
|
PMS + AIFs |
2023 AUM |
2018 AUM |
CAGR |
|
360 One |
60,000 |
13,400 |
35% |
|
Kotak |
60,000 |
22,000 |
20% |
|
Edelweiss |
50,000 |
12,000 |
33% |
|
ASK |
40,000 |
15,000 |
22% |
|
Enam |
40,000 |
16,000 |
18% |
|
MOSL |
22,000 |
17,000 |
5% |
|
WhiteOak |
21,600 |
1,000 |
85% |
|
Unifi |
18,500 |
3,000 |
44% |
|
ICICI Ventures |
13,000 |
4,000 |
27% |
|
Abakkus |
13,000 |
- |
- |
|
ValueQuest |
11,500 |
500 |
87% |
|
Total |
3,50,000 |
1,00,000 |
27% |
Looking at the growing landscape of alternates, Cafemutual will organize CafeAlt Conference 2024 to help you discover emerging trends and opportunities in alternates space.
CafeAlt Conference will be held on Aug 23 at Taj Santacruz, Mumbai.
You can register for the event here and know more about the event on the website here.