What is the role of AMC in Mutual Fund?

Mutual Fund

An asset management company (AMC) manages the funds of the mutual fund. An asset management company registered under the company’s act 1956. The mutual fund pays fees to the AMC for managing their fund. The AMC is also always under supervision of SEBI. 

How do AMCs work?

  Usually AMCs are considered as side firms. They help their clients  to invest money or buy securities. They decide what to buy by their on in house research data and analytics. but they also take public recommendations from sell-side firms.

An AMC will have a slew of researchers and analysts who report their market findings and trends to the fund manager. Based on these findings and investment objectives, he chooses which securities to buy, sell or whether to hold them. This is how a company builds a portfolio, which depends predominantly on the experience and expertise of the manager.

What are the SEBI & AMFI guidelines for AMCs that investors should know?

  1. An AMC shall not act as the trustee of any mutual fund
  2. The company shall not invest in any of its schemes unless full disclosure of its intention to invest has been made in the offer documents
  3. They shall submit quarterly reports of each year on its activities and the compliance with these regulations to the trustees
  4. Key personnel of an AMC should have a clean record (not convicted of any economic offense)
  5. The Chairman of AMC should not be a trustee of any mutual fund
  6. The AMC should have a net worth of not less than Rs. 10 crores.
NoName of Mutual Fund / Asset Management Company
1 Axis Asset Management Company Ltd.
2 Baroda Pioneer Asset Management Company Ltd
3 Birla Sun Life Asset Management Company Ltd
4 BNP Paribas Asset Management India Pvt Ltd
5 BOI AXA Investment Managers Pvt Ltd
6 Canara Robeco Asset Management Company Ltd
7 Daiwa Asset Management (India) Pvt Ltd
8 Deutsche Asset Management (India) Pvt. Ltd.
9 DSP BlackRock Investment Managers Pvt.  Ltd.
10 Edelweiss Asset Management Ltd
11 Escorts Asset Management Ltd
12 FIL Fund Management Private Ltd
13 Franklin Templeton Asset Management (India) Pvt Ltd.
14 Goldman Sachs Asset Management (India) Pvt Ltd.
15 HDFC Asset Management Company Ltd
16 HSBC Asset Management (India) Pvt.  Ltd.
17 ICICI Prudential Asset Management Company Ltd
18 IDBI Asset Management Ltd.
19 IDFC Asset Management Company Ltd
20 India Infoline Asset Management Co. Ltd.
21 Indiabulls Asset Management Company Ltd.
22 ING Investment Management (India) Pvt. Ltd.
23 JM Financial Asset Management Pvt Limited
24 JPMorgan Asset Management India Pvt. Ltd.
25 Kotak Mahindra Asset Management Company Ltd.
26 L&T Investment Management Ltd.
27 LIC NOMURA Mutual Fund Asset Management Company Ltd.
28 Mirae Asset Global Investments (India) Pvt. Ltd.
29 Morgan Stanley Investment Management Pvt.Ltd.
30 Motilal Oswal Asset Management Company Ltd.
31 Peerless Funds Management Co. Ltd.
32 Pine Bridge Investments Asset Management Company (India) Pvt. Ltd.
33 Pramerica Asset Managers Private Ltd
34 Principal PNB Asset Management Co. Pvt. Ltd.
35 Quantum Asset Management Company Private Ltd.
36 Reliance Capital Asset Management Ltd.
37 Religare Asset Management Company Private Ltd.
38 Sahara Asset Management Company Private Ltd
39 SBI Funds Management Private Ltd.
40 Sundaram Asset Management Company Ltd
41 Tata Asset Management Ltd
42 Taurus Asset Management Company Ltd
43 Union KBC Asset Management Company Pvt Ltd
44 UTI Asset Management Company Ltd

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