Introduction
India’s mutual fund industry continues to expand rapidly in 2025, driven by digital investing, SIP growth, and financial literacy.
At the heart of this industry are Asset Management Companies (AMCs) – institutions that manage investor funds through various mutual fund schemes.
If you are planning to start your investment journey or optimize your portfolio this year, understanding which AMCs are performing best can make all the difference.
In this guide, we rank the Top 10 AMCs in India (2025) based on:
- Assets Under Management (AUM)
- Fund performance consistency
- Investor trust and service quality
- Product innovation and risk management
Top 10 AMCs in India 2025 [Updated List]
| Rank | AMC Name | Estimated AUM (₹ Crores) | Popular Schemes | Key Strength |
|---|---|---|---|---|
| 1 | SBI Mutual Fund | ₹9.6 lakh crore+ | SBI Bluechip, SBI Equity Hybrid | Trusted public-sector backing, large retail base |
| 2 | ICICI Prudential Mutual Fund | ₹6.8 lakh crore+ | ICICI Pru Bluechip, Balanced Advantage Fund | Dynamic fund management, diversified offerings |
| 3 | HDFC Mutual Fund | ₹5.9 lakh crore+ | HDFC Flexi Cap, HDFC Balanced Advantage | Strong equity research and legacy reputation |
| 4 | Nippon India Mutual Fund | ₹3.9 lakh crore+ | Nippon Small Cap, Nippon Liquid Fund | Strong retail connect, diverse portfolio range |
| 5 | Kotak Mahindra Mutual Fund | ₹3.6 lakh crore+ | Kotak Flexicap, Kotak Equity Arbitrage | Solid performance and low volatility |
| 6 | Axis Mutual Fund | ₹2.9 lakh crore+ | Axis Bluechip, Axis Midcap | Consistent long-term performance, investor-friendly |
| 7 | Aditya Birla Sun Life Mutual Fund | ₹2.8 lakh crore+ | ABSL Flexicap, ABSL Corporate Bond Fund | Broad mix of equity and debt schemes |
| 8 | DSP Mutual Fund | ₹1.6 lakh crore+ | DSP Midcap, DSP Equity Opportunities | Research-driven, prudent risk management |
| 9 | Mirae Asset Mutual Fund | ₹1.4 lakh crore+ | Mirae Large Cap, Mirae Emerging Bluechip | Global expertise, fast-growing AMC |
| 10 | UTI Mutual Fund | ₹1.3 lakh crore+ | UTI Flexi Cap, UTI Nifty Index Fund | Legacy trust, stable fund management |
1. SBI Mutual Fund
Overview:
SBI Mutual Fund remains India’s largest AMC in 2025, offering diverse funds suited for all types of investors.
Key Highlights:
- Strong presence in Tier-2 and Tier-3 cities
- Best SIP growth rate among public AMCs
- Focus on ESG and index-based products
2. ICICI Prudential Mutual Fund
Why it Stands Out:
This AMC has mastered active fund management through hybrid and dynamic asset allocation models.
Best For:
Investors seeking balanced exposure between equity and debt.
3. HDFC Mutual Fund
Reputation:
Known for its conservative investment philosophy and strong fund manager expertise.
Tip:
Ideal for long-term investors focusing on equity-oriented funds.
4. Nippon India Mutual Fund
Edge in the Market:
Strong retail network and wide product mix make it one of the fastest-growing AMCs post-2020.
5. Kotak Mahindra Mutual Fund
Key Strength:
Excellent fund performance consistency, particularly in the hybrid and flexicap categories.
6. Axis Mutual Fund
Why Investors Love It:
Axis MF funds have maintained steady returns with relatively lower volatility – great for SIP investors.
7. Aditya Birla Sun Life Mutual Fund
Focus Area:
Balanced product lineup and strong corporate bond presence make it a great choice for debt investors.
8. DSP Mutual Fund
Expertise:
DSP continues to impress with disciplined fund management and a strong research-driven approach.
9. Mirae Asset Mutual Fund
Emerging Star:
Among the top-performing AMCs for equity mutual funds in India, backed by global experience and innovation.
10. UTI Mutual Fund
Legacy and Trust:
One of the oldest AMCs in India, UTI remains a preferred choice for conservative investors.
Key Insights: AMC Market Trends in 2025
- Total AUM of the Indian mutual fund industry surpassed ₹60 lakh crore in early 2025.
- SIP inflows reached a record high, indicating strong retail participation.
- Passive and index funds are growing faster than traditional actively managed funds.
- Regional AMCs and digital-first players are gaining traction due to fintech partnerships.
Expert Tip
When choosing an AMC, don’t just look at size or popularity.
Evaluate fund category performance, expense ratios, and manager track record for the scheme you plan to invest in.
Frequently Asked Questions
1. Which is the No. 1 AMC in India in 2025?
SBI Mutual Fund tops the list in 2025, with an AUM exceeding ₹9.6 lakh crore and a strong nationwide investor base.
2. Which AMC offers the best SIP plans?
Axis Mutual Fund, ICICI Prudential, and HDFC Mutual Fund are known for consistent SIP performance and low volatility.
3. Which AMC is best for beginners?
Mirae Asset and Kotak Mutual Fund offer easy-to-understand schemes suitable for new investors.
4. Which AMC is growing fastest in India?
Mirae Asset and Nippon India have shown rapid growth due to aggressive digital strategies and retail penetration.
Conclusion
The Indian mutual fund landscape in 2025 is dynamic, diverse, and promising.
Whether you prefer stability, growth, or balanced exposure – the Top 10 AMCs in India 2025 offer robust options for every investor type.
Invest smartly by combining SIP discipline, AMC credibility, and long-term focus – and watch your wealth grow.
