Listen to this article
Data released by the Association of Portfolio Managers in India (APMI) sourced from SEBI shows that SBI Funds Management, UTI AMC, and Darashaw & Company are the leaders in terms of PMS AUM. This data includes AUM coming from EPFO.
SBI Funds Management has total PMS AUM crossing Rs. 15 lakh crore in March 2025.
UTI AMC occupies the second spot with AUM of Rs. 13.78 lakh crore whereas Darashaw & Company is the third largest PMS players with assets of Rs. 1.48 lakh crore. These top three players alone contribute total of AUM of Rs. 30.3 lakh crore to the PMS industry.
Overall, the AUM of the PMS industry is Rs. 37 lakh crore AUM in March 2025.
Nippon Life AMC and Enam AMC are the next two PMS players in the ranking table with AUM of Rs. 80,000 crore and Rs. 40,000 crore, respectively.
Among others in the top 10 includes - Franklin Templeton AMC, 360 One Portfolio Managers, 360 One AMC, Aditya Birla Sun Life AMC and ICICI Prudential AMC. Please note that Franklin Templeton AMC only offers advisory PMS services.
Let’s look at the data below to know more:
|
PMS Providers |
AUM as of March 2025 (In Rs. crore) |
|
SBI Funds Management |
1506307.00 |
|
Uti Asset Management Company |
1378388.66 |
|
Darashaw & Company |
148272.05 |
|
Nippon Life India Asset Management |
79818.64 |
|
Enam Asset Management Co |
39774.88 |
|
Franklin Templeton Asset Management (India) |
36102.53 |
|
360 One Portfolio Managers |
32602.11 |
|
360 One Asset Management |
30679.30 |
|
Birla Sun Life Asset Management Company |
26831.28 |
|
Icici Prudential Asset Management Company |
21912.19 |
|
Unifi Capital |
20512.10 |
|
Invesco Asset Management (India) |
19083.89 |
|
Abakkus Asset Manager |
18417.22 |
|
Quantum Advisors |
18263.93 |
|
Ask Investment Managers |
17937.55 |
|
Avendus Wealth Management Private |
17166.44 |
|
Valuequest Investment Advisors |
16623.38 |
|
Deutsche Investments India |
16058.06 |
|
Hsbc Asset Management (India) . . |
15285.05 |
|
Trust Investment Advisors |
14096.84 |
|
Motilal Oswal Asset Management Company |
12920.76 |
|
Idbi Capital Market Services |
8946.32 |
|
Julius Baer Wealth Advisors India |
8740.21 |
|
Old Bridge Capital Management |
8603.46 |
|
Dezerv Investments |
7442.61 |
|
Alchemy Capital Management Private |
6362.37 |
|
Karma Capital Advisors |
6298.95 |
|
Brain Point Investment Centre |
6132.69 |
|
Carnelian Asset Management & Advisors |
6015.72 |
|
Banyan Tree Advisors |
5503.71 |
|
Motilal Oswal Wealth |
5442.83 |
|
Whiteoak Capital Asset Management |
5405.81 |
|
Nuvama Asset Management |
5400.42 |
|
Oaklane Capital Management |
5346.71 |
|
Marcellus Investment Managers |
4910.46 |
|
Axis Sceurities |
4797.97 |
|
Capitalmind Financial Services |
4749.14 |
|
Stallion Asset |
4632.18 |
|
Buoyant Capital |
4575.38 |
|
Kotak Mahindra Asset Management Company |
4504.37 |
|
Sageone Investment Managers |
4323.24 |
|
Barclays Securities (India) |
4236.50 |
|
Laburnum Capital Advisors |
4096.07 |
|
Nj Asset Management |
4004.93 |
|
Buglerock Capital (O3 Securities ) |
3943.25 |
|
Hdfc Asset Management Company |
3901.48 |
|
Ask Wealth Advisors |
3869.17 |
|
Credit Suisse Securities (India) ("Cs India") |
3457.58 |
|
Helios Capital Asset Management (India) |
3328.11 |
|
Clubmillionaire Financial Services |
3067.10 |
|
Icici Securities |
2993.41 |
|
Sundaram Alternate Assets |
2941.35 |
|
Spark Pwm |
2905.48 |
|
Aequitas Investment Consultancy |
2885.61 |
|
Alfaccurate Advisors |
2838.77 |
|
White Oak Capital Management Consultants |
2776.96 |
|
Ithought Financial Consulting |
2703.13 |
|
Bellwether Capital |
2601.57 |
|
Unique Asset Management |
2547.94 |
|
Ambit Investment Advisors |
2390.21 |
|
Lgt Wealth India |
2341.36 |
|
Purnartha Investment Advisers |
2187.11 |
|
Quest Investment Advisors |
1846.81 |
|
Neo Asset Management |
1788.13 |
|
Girik Wealth Advisors |
1763.87 |
|
Jm Financial |
1711.24 |
|
Equity Intelligence India |
1671.65 |
|
Tata Asset Management |
1618.08 |
|
Miv Investment Services |
1608.07 |
|
Jain Investment Advisors |
1589.06 |
|
Solidarity Advisors |
1580.29 |
|
Axis Asset Management Company |
1579.15 |
|
Envision Capital Services |
1538.42 |
|
Sameeksha Capital |
1529.01 |
|
Centrum Broking |
1432.92 |
|
Valentis Advisors |
1413.60 |
|
Vallum Capital Advisors |
1403.54 |
|
Right Horizons Portfolio Management |
1395.40 |
|
Itus Capital Advisors |
1383.17 |
|
Multi-Act Equity Consultancy |
1383.10 |
|
Securities Investment Management |
1344.55 |
|
2point2 Capital Advisors |
1311.93 |
|
Globe Capital Market |
1287.12 |
|
Geojit Financial Services |
1262.32 |
|
Pioneer Client Associates |
1262.31 |
|
Anand Rathi Advisors |
1246.55 |
|
Renaissance Investment Managers |
1224.46 |
|
Samvitti Capital |
1167.58 |
|
Pace Financial Investment Adviser |
1151.68 |
|
Ambit Wealth |
1144.34 |
|
Avestha Fund Management |
1141.87 |
|
Incred Asset Management |
1069.55 |
|
Dalal & Broacha Stock Broking |
1044.23 |
|
Agreya Capital Advisors |
1015.52 |
|
Narnolia Financial Services |
1012.59 |
|
Svan Investment Managers |
991.52 |
|
Spark Asia Impact Managers |
976.18 |
|
Bhana Equity Advisors |
976.15 |
|
Green Lantern Capital |
948.02 |
|
Banyan Capital Advisors |
941.02 |
Note: Franklin Templeton AMC only have advisory PMS.
In terms of number of clients, ICICI Prudential AMC, Motilal Oswal AMC and ASK Investment Managers are the top three players. ICICI Prudential AMC has 23531 clients, followed by Motilal Oswal AMC with 12527 clients. ASK Investment Managers comes third with 11703 clients.
Fourth is Abakkus Asset Managers with 11258 clients, followed by Unifi Capital with 10237.
360 One Asset Management and Stallion Asset are next with 6565 and 4510 respectively. Marcellus Investment Managers comes next with 3799 clients.
Axis Securities and Nj Asset Management round off the top ten with 3738 and 3538 clients.
Let’s look at the data below to know more:
|
PMS Providers |
Number of clients |
|
Icici Prudential Asset Management Company |
23531 |
|
Motilal Oswal Asset Management Company |
12527 |
|
Ask Investment Managers |
11703 |
|
Abakkus Asset Manager |
11258 |
|
Unifi Capital |
10237 |
|
360 One Asset Management |
6565 |
|
Stallion Asset |
4510 |
|
Marcellus Investment Managers |
3799 |
|
Axis Securities |
3738 |
|
Nj Asset Management |
3538 |
|
Carnelian Asset Management & Advisors |
3419 |
|
Dezerv Investments |
3411 |
|
Whiteoak Capital Asset Management |
3329 |
|
Buoyant Capital |
3181 |
|
Alchemy Capital Management Private |
2335 |
|
Sundaram Alternate Assets |
2238 |
|
Birla Sun Life Asset Management Company |
2186 |
|
Valuequest Investment Advisors |
2126 |
|
Geojit Financial Services |
2037 |
|
360 One Portfolio Managers |
2033 |
|
Purnartha Investment Advisers |
2018 |
|
Banyan Tree Advisors |
1969 |
|
Sbi Funds Management |
1913 |
|
Enam Asset Management Co. |
1711 |
|
Ambit Investment Advisors |
1648 |
|
Axis Asset Management Company |
1615 |
|
Icici Securities |
1533 |
|
Kotak Mahindra Asset Management Company |
1504 |
|
Ithought Financial Consulting |
1503 |
|
Alfaccurate Advisors |
1452 |
|
Capitalmind Financial Services |
1406 |
|
Equity Intelligence India |
1314 |
|
Anand Rathi Advisors |
1298 |
|
Renaissance Investment Managers |
1188 |
|
Nippon Life India Asset Management |
1074 |
|
Jain Investment Advisors |
1069 |
|
Quest Investment Advisors |
1014 |
|
Sageone Investment Managers |
1011 |
|
Karvy Capital |
959 |
|
Negen Capital Services |
917 |
|
Markets Mojo Asset Management |
912 |
|
Nuvama Asset Management |
912 |
|
Clubmillionaire Financial Services |
892 |
|
Brain Point Investment Centre |
861 |
|
Helios Capital Asset Management (India) |
837 |
|
Invesco Asset Management (India) |
759 |
|
2point2 Capital Advisors |
746 |
|
Green Lantern Capital |
737 |
|
Care Portfolio Managers |
736 |
|
Marathon Trends Advisory |
715 |
|
Unique Asset Management |
693 |
|
Valentis Advisors |
686 |
|
Sharekhan |
683 |
|
Right Horizons Portfolio Management |
644 |
|
Julius Baer Wealth Advisors India |
639 |
|
Trustline Holding |
622 |
|
Centrum Broking |
606 |
|
Wryght Research & Capital |
599 |
|
Hsbc Asset Management (India) |
595 |
|
Bellwether Capital |
581 |
|
Pl Asset Management |
571 |
|
Sameeksha Capital |
569 |
|
Incred Asset Management |
561 |
|
Dalal & Broacha Stock Broking |
528 |
|
Invasset |
522 |
|
Girik Wealth Advisors |
516 |
|
Motilal Oswal Wealth |
506 |
|
Spark Asia Impact Managers |
502 |
|
Vallum Capital Advisors |
497 |
|
Buglerock Capital (O3 Securities ) |
486 |
|
Spark Pwm |
483 |
|
Phillipcapital (India) |
478 |
|
Nine Rivers Capital Holdings |
470 |
|
Equirus Wealth |
469 |
|
Propshare Capital Advisors (Altlnvest |
469 |
|
Avendus Wealth Management Private |
461 |
|
Electrum Portfolio Managers |
454 |
|
Counter Cyclical Investments |
445 |
|
Ask Wealth Advisors |
441 |
|
Ghalla Bhansali Stock Brokers |
434 |
|
Samvitti Capital |
433 |
|
Bonanza Portfolio |
427 |
|
Globe Capital Market |
427 |
|
Molecule Ventures |
426 |
|
Ckredence Wealth Management |
418 |
|
Ambit Wealth |
416 |
|
Piper Serica Advisors |
416 |
|
Itus Capital Advisors |
414 |
|
Miv Investment Services |
411 |
|
Jm Financial |
407 |
|
Emkay Investment Managers |
397 |
|
Securities Investment Management |
393 |
|
Agreya Capital Advisors |
389 |
|
Pgim India Asset Management |
389 |
|
Complete Circlewealth Solutions |
383 |
|
Sincere Syndication And Corporate Services |
368 |
|
Ayan Analytics |
359 |
|
Oaks Asset Management |
342 |
|
True Beacon Investment Advisors |
340 |
|
Awriga Capital Advisors |
335 |
