Leading stock exchange BSE has authorised as many as 20 asset management companies to offer mutual fund units to registered investment advisors (RIA). The 20 fund houses enabled by the exchange for RIAs include Axis Mutual Fund, Birla Sun Life AMC, DSP BlackRock Mutual Fund, Edelweiss AMC, HDFC Mutual Fund, ICICI Prudential AMC and IDBI Asset Management.
The other AMCs are part of IDFC, Indiabulls, India Infoline, Invesco, Kotak Mahindra, L&T, LIC MF, Motilal Oswal, Peerless, PPFAS, Reliance Nippon, Tata and UTI. As per latest Sebi data, there are 46 registered mutual funds in the country.
