India’s top asset management companies (AMCs) such as SBI Mutual Fund (MF), ICICI Prudential MF, HDFC MF, Nippon India MF, and others rank much below than the top US AMCs such as Blackrock, Vanguard etc, in terms of asset under management (AUM). Morgan Stanley, JP Morgan, BNY Mellon are some of the other US AMCs featuring in the top 10 list.
According to SEBI-registered portfolio manager Porinju Veliyath, the AUM of India’s top AMC SBI MF is less than one per cent of BlackRock’s AUM. As per data shared by Veliyath, the AUMs of India’s top fund houses rank even below the top 10 AMCs based in US. SBI MF commands an AUM of $86 billion, compared to Blackrock’s AUM which stands at $9,800 billion.
