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Data from the Association of Portfolio Managers in India (AMPI) shows that SBI Funds Management, UTI AMC and Darashaw & Company are the leaders in the PMS industry as of September 2024.
APMI has sourced the data from SEBI disclosures.
SBI Funds Management maintains its top position with assets of Rs. 14.38 lakh crore while UTI AMC holds the second spot with Rs. 13.05 lakh crore in AUM. Darashaw & Company ranks third with an AUM of Rs. 1.43 lakh crore. These three PMS players were the leaders in June 2024 also.
Following them are Nippon Life India AMC with Rs. 77,926 crore and Enam AMC with Rs. 44,849 crore in AUM. Franklin Templeton AMC occupies the sixth position with assets of Rs. 35,917 crore.
The next spots are held by 360 One Portfolio Managers and 360 One AMC, managing Rs. 33,864 crore and Rs. 32,756 crore, respectively. ASK Investment Managers and Unifi Capital complete the top 10 with assets of Rs. 23,953 crore and Rs. 23,356 crore.
Here is the table that shows the top 100 players in PMS in terms of AUM:
Ranking |
Name |
AUM (Rs in Crore) |
1 |
SBI Funds Management |
1437718.39 |
2 |
UTI AMC |
1305267.17 |
3 |
Darashaw & Company |
142660.43 |
4 |
Nippon Life India AMC |
77926.06 |
5 |
Enam AMC |
44848.93 |
6 |
Franklin Templeton AMC (India) * |
35917.17 |
7 |
360 One Portfolio Managers |
33863.82 |
8 |
360 One AMC |
32756.31 |
9 |
Ask Investment Managers |
23952.50 |
10 |
Unifi Capital |
23356.38 |
11 |
ICICI Prudential AMC |
22268.33 |
12 |
Abakkus Asset Manager |
19989.82 |
13 |
Quantum Advisors |
19925.92 |
14 |
Invesco AMC (India) |
19707.16 |
15 |
Avendus Wealth Management Private |
18052.89 |
16 |
Valuequest Investment Advisors . . |
16381.69 |
17 |
Deutsche Investments India |
15501.28 |
18 |
Motilal Oswal AMC |
15181.34 |
19 |
Trust Investment Advisors . . |
14000.71 |
20 |
Old Bridge Capital Management |
9460.70 |
21 |
Alchemy Capital Management Private |
9227.37 |
22 |
Julius Baer Wealth Advisors India |
8768.85 |
23 |
IDBI Capital Market Services |
8730.45 |
24 |
White Oak Capital Management Consultants |
7325.79 |
25 |
Brain Point Investment Centre |
7308.17 |
26 |
Karma Capital Advisors |
7258.14 |
27 |
Carnelian AMC & Advisors |
7067.41 |
28 |
Marcellus Investment Managers |
6708.82 |
29 |
Whiteoak Capital AMC |
6201.48 |
30 |
Dezerv Investments |
5942.49 |
31 |
Banyan Tree Advisors |
5902.73 |
32 |
Nuvama AMC |
5777.21 |
33 |
Motilal Oswal Wealth |
5264.72 |
34 |
ICICI Securities |
5244.50 |
35 |
Sageone Investment Managers |
5164.86 |
36 |
Oaklane Capital Management |
5078.47 |
37 |
Capitalmind Financial Services |
4946.96 |
38 |
NJ AMC |
4657.04 |
39 |
Axis Securities |
4448.58 |
40 |
Barclays Securities (India) |
4312.06 |
41 |
Laburnum Capital Advisors |
4271.97 |
42 |
Kotak Mahindra AMC |
4271.48 |
43 |
Buoyant Capital |
4267.70 |
44 |
Buglerock Capital (O3 SECURITIES ) |
4105.49 |
45 |
Credit Suisse Securities (India) |
3996.07 |
46 |
Ask Wealth Advisors |
3811.45 |
47 |
Helios Capital AMC (India) |
3739.38 |
48 |
HDFC AMC |
3510.10 |
49 |
Sundaram Alternate Assets |
3311.72 |
50 |
Stallion Asset |
3239.66 |
51 |
Bellwether Capital |
3195.53 |
52 |
Aequitas Investment Consultancy |
3171.15 |
53 |
Clubmillionaire Financial Services |
3164.80 |
54 |
Ambit Investment Advisors |
2933.39 |
55 |
Alfaccurate Advisors |
2928.07 |
56 |
Ithought Financial Consulting |
2814.04 |
57 |
Spark Pwm |
2803.30 |
58 |
Unique AMC |
2792.46 |
59 |
Birla Sun Life AMC |
2537.03 |
60 |
Jm Financial |
2424.12 |
61 |
Purnartha Investment Advisers .. |
2368.71 |
62 |
Quest Investment Advisors |
2183.85 |
63 |
Equity Intelligence India |
2133.74 |
64 |
Miv Investment Services |
1976.07 |
65 |
Axis AMC |
1914.96 |
66 |
Girik Wealth Advisors |
1899.30 |
67 |
Vallum Capital Advisors |
1841.40 |
68 |
Solidarity Advisors |
1782.45 |
69 |
Jain Investment Advisors |
1770.82 |
70 |
Valentis Advisors |
1687.90 |
71 |
Centrum Broking |
1681.54 |
72 |
Neo AMC |
1670.54 |
73 |
Multi-act Equity Consultancy |
1594.63 |
74 |
Itus Capital Advisors |
1590.41 |
75 |
Envision Capital Services |
1584.48 |
76 |
Tata AMC |
1572.99 |
77 |
Sameeksha Capital |
1562.36 |
78 |
Right Horizons Portfolio Management |
1529.98 |
79 |
Globe Capital Market |
1522.30 |
80 |
Securities Investment Management |
1473.78 |
81 |
2point2 Capital Advisors |
1411.74 |
82 |
Lgt Wealth India |
1390.29 |
83 |
Pioneer Client Associates |
1340.39 |
84 |
Samvitti Capital |
1335.09 |
85 |
Geojit Financial Services |
1300.61 |
86 |
Anand Rathi Advisors |
1209.79 |
87 |
Avestha Fund Management |
1191.75 |
88 |
Ambit Wealth |
1170.63 |
89 |
Guardian Advisors |
1151.56 |
90 |
East Lane Capital |
1120.43 |
91 |
Dalal & Broacha Stock Broking . . |
1119.74 |
92 |
Agreya Capital Advisors |
1107.17 |
93 |
Accuracap Consultancy Services |
1103.72 |
94 |
Narnolia Financial Services |
1064.87 |
95 |
Spark Asia Impact Managers |
1041.17 |
96 |
Entrust Family Office Investment Advisors |
1036.99 |
97 |
Renaissance Investment Managers |
1028.95 |
98 |
Negen Capital Services |
1028.28 |
99 |
Care Portfolio Managers |
1008.04 |
100 |
OCEAN DIAL ASSET MANAGEMENT INDIA PRIVATE LIMITED |
993.01 |
Note: Franklin Templeton AMC only have advisory PMS.
In terms of the number of clients, ICICI Prudential AMC leads with 20,309 clients. Ask Investment Managers follows with 12,923 clients, while Motilal Oswal AMC ranks third with 11,188 clients.
Unifi Capital and Abakkus Asset Managers round up the top five in client numbers with 10,530 and 10,461 clients, respectively. Other notable players in terms of client base include 360 One AMC (6,808 clients), Marcellus Investment Managers (4,510 clients), and Whiteoak Capital AMC (3,643 clients).
The data reveals an interesting contrast between AUM rankings and client numbers. For instance, while SBI Funds Management leads in AUM with Rs. 14.38 lakh crore, it serves 1,788 clients.
On the other hand, ICICI Prudential AMC, which leads in client numbers with 20,309 clients, manages a relatively smaller AUM of Rs. 22,268 crore.
Let look at the top 100 PMS players in terms of clients:
Rankings |
Name |
Number of clients |
1 |
ICICI Prudential AMC |
20309 |
2 |
ASK Investment Managers |
12923 |
3 |
Motilal Oswal AMC |
11188 |
4 |
Unifi Capital |
10530 |
5 |
Abakkus Asset Manager |
10461 |
6 |
360 One AMC |
6808 |
7 |
Marcellus Investment Managers |
4510 |
8 |
Whiteoak Capital AMC |
3643 |
9 |
NJ AMC |
3448 |
10 |
Axis Securities |
3078 |
11 |
Buoyant Capital |
2835 |
12 |
Sundaram Alternate Assets |
2359 |
13 |
Carnelian AMC & Advisors |
2332 |
14 |
Dezerv Investments |
2284 |
15 |
Stallion Asset |
2241 |
16 |
Alchemy Capital Management Private |
2058 |
17 |
360 One Portfolio Managers |
2033 |
18 |
Birla Sun Life AMC |
2033 |
19 |
Banyan Tree Advisors |
1935 |
20 |
Purnartha Investment Advisers |
1849 |
21 |
Valuequest Investment Advisors |
1835 |
22 |
Sbi Funds Management |
1788 |
23 |
Icici Securities |
1769 |
24 |
Enam AMC Co |
1717 |
25 |
Geojit Financial Services |
1702 |
26 |
Axis AMC |
1701 |
27 |
Ambit Investment Advisors |
1618 |
28 |
Kotak Mahindra AMC |
1429 |
29 |
Equity Intelligence India |
1285 |
30 |
Ithought Financial Consulting |
1261 |
31 |
Capitalmind Financial Services |
1240 |
32 |
Alfaccurate Advisors |
1230 |
33 |
Nippon Life India AMC |
1203 |
34 |
Karvy Capital |
1039 |
35 |
Anand Rathi Advisors |
989 |
36 |
Jain Investment Advisors |
943 |
37 |
Clubmillionaire Financial Services |
911 |
38 |
Sageone Investment Managers |
903 |
39 |
Markets Mojo AMC |
862 |
40 |
Negen Capital Services |
851 |
41 |
Renaissance Investment Managers |
851 |
42 |
Nuvama AMC |
849 |
43 |
Quest Investment Advisors |
826 |
44 |
Brain Point Investment Centre |
819 |
45 |
Invesco AMC (India) |
796 |
46 |
Helios Capital AMC (India) |
795 |
47 |
2point2 Capital Advisors |
728 |
48 |
HSBC AMC (India) |
714 |
49 |
Marathon Trends Advisory |
680 |
50 |
Care Portfolio Managers |
675 |
51 |
Unique AMC |
668 |
52 |
Green Lantern Capital |
655 |
53 |
Right Horizons Portfolio Management |
654 |
54 |
Valentis Advisors |
628 |
55 |
Centrum Broking |
618 |
56 |
Trustline Holding |
605 |
57 |
Sharekhan |
544 |
58 |
Bellwether Capital |
543 |
59 |
Julius Baer Wealth Advisors India |
536 |
60 |
Motilal Oswal Wealth |
533 |
61 |
Itus Capital Advisors |
513 |
62 |
Equirus Wealth |
512 |
63 |
Sameeksha Capital |
510 |
64 |
PROPSHARE CAPITAL ADVISORS (Altlnvest |
489 |
65 |
Invasset |
480 |
66 |
Dalal & Broacha Stock Broking |
468 |
67 |
Vallum Capital Advisors |
466 |
68 |
Girik Wealth Advisors |
452 |
69 |
Nine Rivers Capital Holdings |
452 |
70 |
Spark Asia Impact Managers |
451 |
71 |
Prabhudas Lilladher |
449 |
72 |
Phillipcapital |
448 |
73 |
Avendus Wealth Management Private |
437 |
74 |
Buglerock Capital (O3 SECURITIES ) |
422 |
75 |
Piper Serica Advisors |
419 |
76 |
Ask Wealth Advisors |
411 |
77 |
Spark Pwm |
409 |
78 |
Globe Capital Market |
406 |
79 |
Old Bridge Capital Management |
391 |
80 |
Jm Financial |
385 |
81 |
Miv Investment Services |
381 |
82 |
Molecule Ventures |
379 |
83 |
Incred AMC |
373 |
84 |
Agreya Capital Advisors |
369 |
85 |
Wryght Research & Capital |
364 |
86 |
Ghalla Bhansali Stock Brokers |
360 |
87 |
Ckredence Wealth Management |
358 |
88 |
Pgim India AMC |
358 |
89 |
Ambit Wealth |
355 |
90 |
Counter Cyclical Investments |
348 |
91 |
Oaks AMC |
343 |
92 |
Master Portfolio Services |
340 |
93 |
Samvitti Capital |
338 |
94 |
Accuracap Consultancy Services |
337 |
95 |
Securities Investment Management |
332 |
96 |
Electrum Portfolio Managers |
323 |
97 |
Emkay Investment Managers |
316 |
98 |
Asit C. Mehta Investment Interrmediates |
315 |
99 |
Credit Suisse Securities (India) |
315 |
100 |
Ayan Analytics |
308 |