India’s Leading BFSI and FinTech Companies 2023

India’s Leading BFSI and FinTech Companies 2023 | 67 [ LIST OF TOP ASSET MANAGEMENT COMPANIES ] Asset Management Companies Sr No DUNS No Company Name FY22 Total Income ( ` bn) Net Profit ( ` bn) Net Profit Margin (%) Average AUM ( ` bn) 1 86-217-1204 ICICI Prudential Asset Management Co. Ltd. 26.4 14.5 55.2 4,651.2 2 91-786-7236 HDFC Asset Management Co. Ltd. 24.3 13.9 57.3 4,366.8 3 65-065-6721 SBI Funds Management Pvt. Ltd. 20.0 10.7 53.6 5,951.5 4 91-844-5529 Nippon Life India Asset Management Ltd. 14.3 7.1 49.8 2,692.3 5 91-514-6273 Aditya Birla Sun Life AMC Ltd. 13.8 6.6 47.9 2,930.9 6 91-853-9271 UTI Asset Management Co. Ltd. 10.6 4.2 39.4 2,111.7 7 85-904-1707 Axis Asset Management Co. Ltd. 9.4 4.0 42.9 2,403.3 8 86-225-5275 Kotak Mahindra Asset Management Co. Ltd. 8.2 3.8 46.1 2,729.2 9 86-286-3703 Motilal Oswal Asset Management Co. Ltd. 7.3 2.8 39.0 333.9 10 67-733-5872 DSP Investment Managers Pvt. Ltd. 6.9 3.3 47.9 1,074.6 11 91-852-1436 Franklin Templeton Asset Mngt. (I) Pvt. Ltd. 5.5 2.1 37.1 643.3 12 85-998-8043 IIFL Asset Management Ltd. 4.4 1.6 37.3 34.3 13 67-611-9622 IDFC Asset Management Co. Ltd. 4.2 1.8 41.7 1,248.5 14 91-906-6923 Tata Asset Management Ltd. 3.4 1.0 30.2 785.7 15 67-588-4149 Mirae Asset Invt. Managers (I) Pvt. Ltd. 3.2 1.5 47.6 934.8 16 91-843-5277 Sundaram Asset Management Co. Ltd. 2.4 0.8 32.7 357.5 17 91-562-8609 Invesco Asset Management (India) Pvt. Ltd. 1.9 0.5 24.0 427.5 18 85-916-5440 Canara Robeco Asset Management Co. Ltd. 1.6 0.6 36.8 412.2 19 85-996-8191 HSBC Asset Management (India) Pvt. Ltd. 1.1 0.3 24.5 119.2 20 65-060-0328 Baroda BNP Paribas Asset Mngt. (I) Pvt. Ltd. 1.0 (0.2) (21.8) 118.4 21 87-172-3773 PPFAS Asset Management Pvt. Ltd. 0.9 0.4 43.7 177.3 22 86-336-0755 Union Asset Management Co. Pvt. Ltd. 0.7 0.1 18.3 73.7 23 86-225-1126 LIC Mutual Fund Asset Management Ltd. 0.6 0.0 3.4 182.1 24 87-215-1617 NJ Asset Management Pvt. Ltd. 0.6 0.1 10.0 22.4 25 86-380-4483 PGIM India Asset Management Pvt. Ltd. 0.4 (0.4) (91.4) 126.2 26 86-024-4059 IDBI Asset Management Ltd. 0.3 0.1 25.2 43.3 Dun & Bradstreet