Data from the Association of Portfolio Managers in India (APMI) shows that SBI Funds Management, UTI AMC, and Darashaw & Company continue to dominate India's Portfolio Management Services (PMS) industry based on AUM as of December 2024. This data includes AUM from EPFO.
These top three players collectively manage nearly Rs. 30 lakh crore in PMS assets.
SBI Funds Management holds the top position with an AUM of Rs. 14.73 lakh crore, followed by UTI AMC at Rs. 13.49 lakh crore. Darashaw & Company remains third with AUM of Rs.1.42 lakh crore in December 2024. These three firms were also the leaders in September 2024.
Following them are Nippon Life India AMC and Enam AMC, managing Rs. 78,739 crore and Rs. 42,064 crore, respectively. Franklin Templeton AMC occupies the sixth position with AUM of Rs. 36,528 crore. (FT only offers advisory services in PMS).
360 One Portfolio Managers and 360 One AMC hold the seventh and eighth positions, with assets of Rs. 33,301 crore and Rs. 31,307 crore, respectively.
ICICI Prudential AMC and Unifi Capital round up the top 10 with Rs. 22,836 crore and Rs. 22,354 crore in assets under management.
Let us look at the ranking to know more.
|
No.
|
Name
|
AUM (Rs Crs)
|
|
1
|
SBI Funds Management
|
1472506.75
|
|
2
|
UTI Asset Management Company
|
1349488.93
|
|
3
|
Darashaw & Company
|
142942.37
|
|
4
|
Nippon Life India Asset Management
|
78738.66
|
|
5
|
Enam Asset Management Co
|
42064.40
|
|
6
|
Franklin Templeton Asset Management (India)*
|
36528.21
|
|
7
|
360 One Portfolio Managers
|
33301.12
|
|
8
|
360 One Asset Management
|
31306.66
|
|
9
|
Icici Prudential Asset Management Company .
|
22835.78
|
|
10
|
Unifi Capital
|
22353.58
|
|
11
|
Invesco Asset Management (India)
|
21217.27
|
|
12
|
ASK Investment Managers
|
20821.05
|
|
13
|
Abakkus Asset Manager
|
19976.76
|
|
14
|
Valuequest Investment Advisors . .
|
19081.57
|
|
15
|
Quantum Advisors ..
|
18767.21
|
|
16
|
Avendus Wealth Management
|
16893.66
|
|
17
|
Motilal Oswal Asset Management Company
|
15231.14
|
|
18
|
Deutsche Investments India
|
14600.30
|
|
19
|
TRUST Investment Advisors
|
14176.70
|
|
20
|
Old Bridge Capital Management
|
9096.80
|
|
21
|
IDBI Capital Market Services
|
8840.68
|
|
22
|
Julius Baer Wealth Advisors India
|
8639.15
|
|
23
|
Alchemy Capital Management
|
7650.56
|
|
24
|
Dezerv Investments
|
7129.35
|
|
25
|
White Oak Capital Management Consultants
|
7073.50
|
|
26
|
Brain Point Investment Centre
|
6991.92
|
|
27
|
Karma Capital Advisors . .
|
6813.14
|
|
28
|
Carnelian Asset Management & Advisors
|
6524.14
|
|
29
|
Banyan Tree Advisors
|
5630.14
|
|
30
|
Marcellus Investment Managers
|
5587.10
|
|
31
|
Whiteoak Capital Asset Management
|
5578.86
|
|
32
|
Nuvama Asset Management
|
5559.43
|
|
33
|
Oaklane Capital Management
|
5314.11
|
|
34
|
Motilal Oswal Wealth
|
5183.30
|
|
35
|
Capitalmind Financial Services
|
4973.45
|
|
36
|
Sageone Investment Managers
|
4835.62
|
|
37
|
Axis Sceurities
|
4784.68
|
|
38
|
NJ Asset Management
|
4488.91
|
|
39
|
Kotak Mahindra Asset Management Company
|
4414.04
|
|
40
|
Buoyant Capital
|
4369.07
|
|
41
|
Stallion Asset
|
4242.38
|
|
42
|
Laburnum Capital Advisors
|
4124.37
|
|
43
|
Barclays Securities (India)
|
4038.65
|
|
44
|
Buglerock Capital (O3 Securities )
|
3941.48
|
|
45
|
ASK Wealth Advisors
|
3868.07
|
|
46
|
Helios Capital Asset Management (India)
|
3826.06
|
|
47
|
HDFC Asset Management Company
|
3748.01
|
|
48
|
Credit Suisse Securities (India) ("Cs
India")
|
3588.00
|
|
49
|
ICICI Securities
|
3527.90
|
|
50
|
Sundaram Alternate Assets
|
3244.66
|
|
51
|
Bellwether Capital
|
3216.78
|
|
52
|
Clubmillionaire Financial Services
|
3082.32
|
|
53
|
Alfaccurate Advisors . .
|
2938.61
|
|
54
|
Aequitas Investment Consultancy
|
2889.08
|
|
55
|
Spark Pwm
|
2872.34
|
|
56
|
Ithought Financial Consulting
|
2784.81
|
|
57
|
Ambit Investment Advisors
|
2696.70
|
|
58
|
Unique Asset Management
|
2644.63
|
|
59
|
Birla Sun Life Asset Management Company
|
2355.79
|
|
60
|
Purnartha Investment Advisers ..
|
2286.57
|
|
61
|
Quest Investment Advisors . .
|
2183.13
|
|
62
|
Miv Investment Services . .
|
2029.59
|
|
63
|
Jm Financial
|
2024.35
|
|
64
|
Equity Intelligence India . .
|
1997.20
|
|
65
|
Girik Wealth Advisors
|
1912.75
|
|
66
|
Axis Asset Management Company
|
1745.79
|
|
67
|
Jain Investment Advisors .
|
1712.63
|
|
68
|
Solidarity Advisors
|
1687.19
|
|
69
|
Lgt Wealth India
|
1680.69
|
|
70
|
Vallum Capital Advisors
|
1664.18
|
|
71
|
Valentis Advisors
|
1630.53
|
|
72
|
Envision Capital Services ..
|
1618.92
|
|
73
|
Tata Asset Management
|
1594.96
|
|
74
|
Sameeksha Capital
|
1572.78
|
|
75
|
Itus Capital Advisors
|
1569.54
|
|
76
|
Centrum Broking
|
1567.27
|
|
77
|
Right Horizons Portfolio Management
|
1560.34
|
|
78
|
Pioneer Client Associates
|
1514.62
|
|
79
|
Neo Asset Management
|
1511.43
|
|
80
|
Globe Capital Market .
|
1487.05
|
|
81
|
Multi-Act Equity Consultancy
|
1427.15
|
|
82
|
Securities Investment Management
|
1357.52
|
|
83
|
Geojit Financial Services
|
1328.39
|
|
84
|
Samvitti Capital
|
1318.64
|
|
85
|
2point2 Capital Advisors
|
1299.36
|
|
86
|
Anand Rathi Advisors
|
1266.65
|
|
87
|
Avestha Fund Management
|
1247.80
|
|
88
|
Ambit Wealth
|
1239.75
|
|
89
|
Sahasrar Capital
|
1127.51
|
|
90
|
Renaissance Investment Managers
|
1125.53
|
|
91
|
Dalal & Broacha Stock Broking
|
1116.84
|
|
92
|
Incred Asset Management
|
1113.96
|
|
93
|
Agreya Capital Advisors
|
1098.88
|
|
94
|
Negen Capital Services
|
1050.54
|
|
95
|
Narnolia Financial Services
|
1038.95
|
|
96
|
Guardian Advisors
|
1022.87
|
|
97
|
Svan Investment Managers
|
1007.83
|
|
98
|
Jeetay Investments
|
1005.52
|
|
99
|
Bhana Equity Advisors
|
997.44
|
|
100
|
Banyan Capital Advisors
|
991.89
|
Note: Franklin Templeton AMC only have advisory PMS.
In terms of number of clients, ICICI Prudential AMC leads with 22,451 clients, followed by ASK Investment Managers with 12,285 clients.
Motilal Oswal AMC occupies the third spot with 11,910 clients while Abakkus Asset Manager and Unifi Capital round out the top five with 10,932 and 10,298 clients, respectively.
Among other portfolio managers in the top 10 include 360 One Asset Management, Marcellus Investment Managers, Axis Securities, NJ Asset Management and White Oak Capital.
Let us look at the table to know more:
|
No.
|
Name
|
NUMBER OF CLIENTS
|
|
1
|
ICICI Prudential Asset Management Company .
|
22451
|
|
2
|
ASK Investment Managers
|
12285
|
|
3
|
Motilal Oswal Asset Management Company
|
11910
|
|
4
|
Abakkus Asset Manager
|
10932
|
|
5
|
Unifi Capital
|
10298
|
|
6
|
360 One Asset Management
|
6598
|
|
7
|
Marcellus Investment Managers
|
4180
|
|
8
|
Axis Sceurities
|
3530
|
|
9
|
NJ Asset Management
|
3530
|
|
10
|
Whiteoak Capital Asset Management
|
3452
|
|
11
|
Stallion Asset
|
3109
|
|
12
|
Buoyant Capital
|
3016
|
|
13
|
Carnelian Asset Management & Advisors
|
2853
|
|
14
|
Dezerv Investments
|
2819
|
|
15
|
Sundaram Alternate Assets
|
2272
|
|
16
|
Alchemy Capital Management
|
2257
|
|
17
|
Birla Sun Life Asset Management Company
|
2064
|
|
18
|
360 One Portfolio Managers
|
2040
|
|
19
|
Valuequest Investment Advisors
|
2022
|
|
20
|
Purnartha Investment Advisers ..
|
1953
|
|
21
|
Banyan Tree Advisors
|
1936
|
|
22
|
SBI Funds Management
|
1902
|
|
23
|
Geojit Financial Services
|
1893
|
|
24
|
Enam Asset Management Co
|
1729
|
|
25
|
ICICI Securities
|
1727
|
|
26
|
Axis Asset Management Company
|
1647
|
|
27
|
Ambit Investment Advisors
|
1641
|
|
28
|
Kotak Mahindra Asset Management Company
|
1459
|
|
29
|
Ithought Financial Consulting
|
1371
|
|
30
|
Alfaccurate Advisors
|
1346
|
|
31
|
Capitalmind Financial Services
|
1340
|
|
32
|
Equity Intelligence India
|
1294
|
|
33
|
Nippon Life India Asset Management
|
1179
|
|
34
|
Anand Rathi Advisors
|
1116
|
|
35
|
Jain Investment Advisors
|
1059
|
|
36
|
Karvy Capital
|
1031
|
|
37
|
Renaissance Investment Managers
|
1001
|
|
38
|
Sageone Investment Managers
|
971
|
|
39
|
Nuvama Asset Management
|
935
|
|
40
|
Quest Investment Advisors
|
925
|
|
41
|
Clubmillionaire Financial Services
|
892
|
|
42
|
Markets Mojo Asset Management
|
882
|
|
43
|
Negen Capital Services
|
872
|
|
44
|
Brain Point Investment Centre
|
838
|
|
45
|
Helios Capital Asset Management (India)
|
811
|
|
46
|
Invesco Asset Management (India)
|
766
|
|
47
|
2point2 Capital Advisors
|
734
|
|
48
|
Marathon Trends Advisory
|
721
|
|
49
|
Care Portfolio Managers
|
712
|
|
50
|
Green Lantern Capital
|
708
|
|
51
|
Hsbc Asset Management (India) . .
|
707
|
|
52
|
Right Horizons Portfolio Management
|
691
|
|
53
|
Unique Asset Management
|
680
|
|
54
|
Valentis Advisors
|
671
|
|
55
|
Sharekhan
|
651
|
|
56
|
Centrum Broking
|
618
|
|
57
|
Trustline Holding . .
|
612
|
|
58
|
Julius Baer Wealth Advisors India
|
592
|
|
59
|
Bellwether Capital
|
559
|
|
60
|
Sameeksha Capital
|
554
|
|
61
|
Prabhudas Lilladher
|
534
|
|
62
|
Itus Capital Advisors
|
526
|
|
63
|
Wryght Research & Capital
|
523
|
|
64
|
Motilal Oswal Wealth
|
507
|
|
65
|
Girik Wealth Advisors
|
499
|
|
66
|
Dalal & Broacha Stock Broking . .
|
499
|
|
67
|
Spark Asia Impact Managers
|
489
|
|
68
|
Propshare Capital Advisors (Altlnvest
Capital Advisors )
|
489
|
|
69
|
Invasset
|
487
|
|
70
|
Vallum Capital Advisors
|
483
|
|
71
|
Equirus Wealth
|
480
|
|
72
|
Phillipcapital (India)
|
476
|
|
73
|
Incred Asset Management
|
473
|
|
74
|
Buglerock Capital (O3 Securities )
|
470
|
|
75
|
Spark Pwm
|
469
|
|
76
|
Nine Rivers Capital Holdings
|
457
|
|
77
|
Avendus Wealth Management
|
444
|
|
78
|
Ask Wealth Advisors
|
436
|
|
79
|
Globe Capital Market
|
428
|
|
80
|
Piper Serica Advisors
|
417
|
|
81
|
Molecule Ventures
|
406
|
|
82
|
Ghalla Bhansali Stock Brokers
|
405
|
|
83
|
Miv Investment Services
|
402
|
|
84
|
Jm Financial
|
401
|
|
85
|
Electrum Portfolio Managers
|
393
|
|
86
|
Ckredence Wealth Management
|
393
|
|
87
|
Old Bridge Capital Management . .
|
387
|
|
88
|
Samvitti Capital
|
385
|
|
89
|
PGIM India Asset Management
|
384
|
|
90
|
Ambit Wealth
|
382
|
|
91
|
Agreya Capital Advisors
|
377
|
|
92
|
Counter Cyclical Investments
|
371
|
|
93
|
Securities Investment Management
|
351
|
|
94
|
Bonanza Portfolio
|
350
|
|
95
|
Ayan Analytics
|
349
|
|
96
|
Oaks Asset Management
|
348
|
|
97
|
Complete Circlewealth Solutions
|
347
|
|
98
|
Emkay Investment Managers
|
344
|
|
99
|
Sincere Syndication And Corporate Services
|
337
|
|
100
|
Accuracap Consultancy Services
|
333
|
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