The top asset management companies in India have been performing fairly

well of late in spite of the condition of the mutual fund investors in the
present economic scenario. During the 2011-12 fiscal the leading companies
in this segment have, in fact, been profitable in their business operations.

According to Investopedia, an asset management company is one which

makes an investment of the funds it has received from its clients into
securities that are in line with the actual financial objectives of the company
itself. With an asset management company, an individual investor has more
diverse options than he or she would have otherwise been able to avail.

HDFC Mutual Fund has been the biggest performer in 2011-12 fiscal,
replacing Reliance Mutual Fund. In 2012, Reliance has earned an approximate
net profit of INR 276 crore, while in 2011 the same figure had stood at INR
261 crore.

This represents a growth of 5.6 percent on a year-on-year basis. In the same

period HDFC Mutual Fund, which is the biggest of its kind in India, has gone
up from INR 242 crore to INR 269 crore.

ICICI Asset Management Company, which is the third biggest fund based
organization in the country, saw a profit of 22.5 percent earning INR 88 crore
in 2012 as opposed to INR 72 crore in 2011. However, Birla Sun Life AMC
(Asset Management Company) saw a 30 percent dip in its profits in 2012.

The CEO of Reliance AMC, Sundeep Sikka, states that the company has
focused on retail customers from a long term view and this has contributed in
a major way to its profitability. Even though retail acquisition is costly it yields
profits in the long term. He opines that the company is in it for the long haul.

As of March 31, 2012 the average worth of the assets being managed by 44
fund houses was estimated at INR 6,64,792 crore and 54 percent of the total
amount was being controlled by the 5 leading companies.

In all, the total worth of the assets under management went down by a bit
more than 5 percent. The equity AUM (assets under management) also
decreased by 6.7 percent at the same time.

Dhirendra Kumar, who operates as the CEO of Value Research, a firm that is
engaged in tracking funds, has stated that the mutual fund business requires
low capital and a company can keep making profits after attaining a
sustainable figure. The AMCs also make greater profits with more equity
assets.

List of Top Asset Management Companies in India

UTI Asset Management
The major shareowners of UTI Asset Management are State Bank of India,
bank of Baroda, Punjab National Bank, and Life Insurance Corporation. It is
the oldest provider of mutual fund services in India

At the end of 2011-12 UTI's assets were valued at INR 11,387.9 million as
opposed to INR 10,653.9 million. In the same year its aggregate revenue was
INR 4,475.1 million and its profits were INR 1,340.9 million. The company has
also performed well in terms of achievements like winning 8 prizes at the
ICRA Mutual Fund Awards 2012 and the Star Fund House Of The Year - DEBT
Award in the same year.

Birla Sun Life Asset Management

One of the leading asset management companies in India, Birla Sun Life
Asset Management is a combined effort of the India based Aditya Birla Group
and Sun Life Financial, which is one of the top insurers in Canada. Its products
and services may be broken down into the following:
Wealth creation
Savings
Tax savings
Regular income
Reliance Group

Reliance Mutual Fund is owned by the Reliance Group and is one of the
quickest growers in the segment. It is presently operative in 179 cities across
India. On an average it manages assets worth INR 86,327 crores and has
between 61 and 67 lakh investor portfolios.

In 2011-12 the consolidated gross income of Reliance Capital Asset

Management Limited was INR 664,68,33,246 and its net profit in the same
period was INR 246,09,43,867up from INR 236,18,48,818 in 2010-11. The
balance carried to the balance sheet was INR 8271075316 compared to INR
5810154693 IN 2010-11.

Tata Group
Tata Mutual Fund enjoys the support of Tata Group, which is one of the
premier brands in the country and presently caters to several lakh investors.
It manages assets that are worth approximately INR 20,247 crores.

In 2011-12 the total worth of the equities and liabilities of Tata Asset
Management Company was INR 1,885,402,125 while in 2010-11 the figure
read INR 1,674,312,573.

Franklin Templeton
In India Franklin Templeton has been operating for more than 10 years. Its
first office was launched here during 1996 as the Templeton Asset
Management India Private Limited and its mutual fund business in India was
started by introducing the Templeton India Growth Fund.

L&T Finance Limited

The L&T Mutual Funds are issued by L&T Finance Limited that was set up as a
NBFC (non banking finance corporation during November 1994. At present
the organization also offers corporate and infrastructure finance, wealth
management, loans, and general insurance services apart from mutual funds.

SBI

SBI Mutual Fund has been one of the leading names in the business for the
past two decades and half. The company is a combined enterprise of AMUNDI
from France and the State Bank of India, one of the leading banks in India. At
present the organization has at least 222 acceptance points in India.

In 2011-12 the total income of SBI Mutual Funds was INR 24,758.25 lakh and
its post tax profits amounted to INR 6,051.91 lakh. The net balance brought
forward from the earlier year in 2011-12 was INR 18,017.54 lakh compared to
INR 14,293.63 lakh in 2010-11.

In the same period the asset management company's amount available for
appropriation went up from INR 22,178.39 lakh to INR 24,069.45 lakh. Its
balance to be carried forward also increased from INR 18,017.54 lakh to INR
20,093.80 lakh.

DSP BlackRock
DSP BlackRock mutual funds are offered by DSP BlackRock Investment
Managers, which is one of the leading asset managers in the country. It is a
combined venture of BlackRock and DSP Group. The latter is led by
Hemendra Kothari, has been in the business for 145 years. It is also one of
the entities that set up the Bombay Stock Exchange.

BlackRock is the biggest publicly listed asset management organization of the

world. It operates in South and North America, Australia, Europe, Middle East,
Asia, and Africa. It has at least 9300 employees and has an investor base
spanning corporate entities, union, public companies, and industry pension
providers.

At the end of the quarter that concluded after September 2012 DSP
BlackRock had earned INR 1,334,776.61 lakh and its equity amounted to INR
1,014,833.57 lakh.

HDFC Asset Management Company

HDFC Mutual Fund is a product of the HDFC Asset Management Company

Limited (AMC), which was set up on December 10, 1999 as per the
Companies Act, 1956. Its headquarters are presently at Mumbai and it owns
paid up capital worth INR 25.169 crore.

In 2011-12 its pre-tax profit amounted to INR 381.49 crores compared to INR
355.78 at the end of 2010-11. In the same period its post tax profits grew
from INR 242.11 crores to INR 269.14 crores, balance carried forward from
the earlier year increased from INR 281.32 crores to INR 404.16 crores, and
balance carried forward to the balance sheet went up from INR 404.16 crores
to INR 487.15 crores.

Religare Asset Management Company Limited

Religare Mutual Fund is marketed by the Religare Asset Management
Company Limited. At the end of the quarter that concluded after September
2012, the organization's average asset base is at least INR 126 billion. It
caters to individual investors as well as institutions and corporate clients.

In 2011-12 Religare Mutual Fund earned INR 572,198 thousand in total

income compared to INR 391,688 thousand in 2010-11. Its total expenses in
the same period went down from INR 862,913 thousand to INR 550,364
thousand.

ICICI Prudential Asset Management Company Limited:

The ICIC Prudential Mutual Fund is offered by ICICI Prudential Asset
Management Company Limited. It is a joint venture of Prudential PLC, based
in the UK, and ICICI Bank. The company was inaugurated during 1993 and is
one of the biggest asset management entities in India.

It offers international advisory mandates, and portfolio management services

along with mutual fund asset under management services. Its international
advisory mandates are available in asset categories such as debt, real estate,
and equity. The company has grown substantially in the last few years with
operations in almost 150 areas and at least 700 employees.

At the end of 2010-11 its equities and liabilities were worth INR 2152.2 million
as opposed to INR 2,493.6 million after 2011-12. In the same period its assets
went up to INR 1407.5 million from INR 1,263.4 million. The value of its
current assets in the same time went up from INR 888.8 million to INR
1,086.1 million.

Its total income in the period under consideration increased from INR 3,497.1
million to INR 3,507.7 million and its aggregate expenditure came down from
INR 2,463.4 million to INR 2,222.5 million. The net profit after tax deductions
also went up from INR 718.3 million to INR 880.6 million.

Kotak Mahindra Asset Management Company Limited

Kotak Mahindra Asset Management Company Limited or KMAMCL is owned by
Kotak Mahindra Bank Limited. The fund house has entered into collaboration
with T Rowe Price for marketing funds on a global basis.

The net worth of the group is INR 7911 crore and it has approximately 20
thousand employees who cater to the approximately 7 million customer
accounts. The company's distribution network comprises 1716 branches,
satellite offices, and franchisees in at least 470 towns and cities in India.

Sundaram Asset Management Company Limited

Sundaram Asset Management Company Limited was set up during 1996. The
company is owned by Sundaram Finance, which is one of the oldest non
banking financial companies of India. For the quarter that ended in
September, the company had, on an average, managed assets worth INR
13,668.88 crore. It, along with SBI Mutual Fund is among the companies that
are planning to buy mutual fund property worth INR 789 crore from Daiwa
Asset Management India.

The company also has offices in the following locations:

New York
Dubai
California

Mauritius
San Francisco
Singapore
London
Other Asset Management Companies Operating in India
Axis Asset Management Company Ltd.
JPMorgan Asset Management India Pvt. Ltd.
Baroda Pioneer Asset Management Company Limited
Birla Sun Life Asset Management Company Limited
LIC NOMURA Mutual Fund Asset Management Company Limited
BNP Paribas Asset Management India Private Limited
Mirae Asset Global Investments (India) Pvt. Ltd.
BOI AXA Investment Managers Private Limited
Morgan Stanley Investment Management Pvt. Ltd.
Canara Robeco Asset Management Company Limited
Motilal Oswal Asset Management Company Limited
Daiwa Asset Management (India) Private Limited
Peerless Funds Management Co. Ltd.
Deutsche Asset Management (India) Pvt. Ltd.
PineBridge Investments Asset Management Company (India) Pvt. Ltd.
Edelweiss Asset Management Limited
PPFAS Asset Management Pvt. Ltd.
Escorts Asset Management Limited
Pramerica Asset Managers Private Limited
Goldman Sachs Asset Management (India) Private Limited
Principal PNB Asset Management Co. Pvt. Ltd.

HSBC Asset Management (India) Private Ltd.

Quantum Asset Management Company Private Limited
IDBI Asset Management Ltd.
Religare Asset Management Company Private Limited
IDFC Asset Management Company Limited
Sahara Asset Management Company Private Limited
India Infoline Asset Management Co. Ltd.
Indiabulls Asset Management Company Ltd.
Taurus Asset Management Company Limited
ING Investment Management (India) Pvt. Ltd.
Union KBC Asset Management Company Private Limited
JM Financial Asset Management Private Limited
Last Updated on 12/28/2012
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