Asset Management Industry in India Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Report Covers India Asset Management Companies (AMC) and the Market is segmented by Client Type (Retail, Pension Funds, Insurance Companies, Banks, and Others) and by Asset Class (Equity, Fixed Income, Cash/Money Management, Alternative Investment, and Others).

Asset Management Industry in India Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

India Asset Management Market Size

India Asset Management Market Summary
Study Period 2020 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2020 - 2023
CAGR 14.00 %
Market Concentration High

Major Players

India Asset Management Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of India Asset Management Market with other markets in Financial Services and Investment Intelligence Industry

Insurance

Alternative Investments

Wealth Management

Fintech

Islamic Finance

Asset Management

India Asset Management Market Analysis

The India Asset Management Market is expected to register a CAGR of less than 14% during the forecast period.

Despite the poor economic situation that began in 2020 because of the pandemic, the Indian investment market still managed to close the decade on a noteworthy record. Owing to Covid-19, there has been a swift transformation into a more technology-driven world, leading to soaring investments in various sectors, such as education technology, financial services, and life sciences, over the traditional sectors of private equity (PE)/venture capital (VC) investors such as infrastructure and real estate, among others.

In 2022, the AUM of the Indian mutual fund industry stood at INR 37.22 trillion (USD 449 billion). Although individual investors hold 55% of industry assets, institutional investors account for 45%. Corporates account for 95%, and the rest is divided between Indian and foreign institutions and banks. The net outflows under the FPI route are around INR 852 billion (USD 10.3 billion) as of 15 June 2022, out of which around INR 126 billion (USD 1.52 billion) outflows are in debt.

The government, in its capacity as an anchor investor, has established a collaborative investment platform, namely the National Investment and Infrastructure Fund, for international and Indian investors looking for investment opportunities in infrastructure and other high-growth sectors of the country, which includes a fund of funds program that has emerged as a significant domestic LP. Further, the Small Industries Development Bank of India has been investing in various AIFs to promote and accelerate the growth of start-ups and micro enterprises, as well as SMEs in India.

SEBI is increasing its supervision on AIFs given the pace of growth clocked by the industry, to ensure that AIFs are being properly managed and operated and that there is no mis-selling. There is also an annual PPM audit requirement, and all filings with SEBI for seeking approval of AIFs are now required to be done through a merchant banker.

India Asset Management Industry Overview

The report covers the major players operating in the India Asset Management Market. The market studied presents opportunities for growth during the forecast period, which is expected to drive the market competition further. India's Asset Management market is consolidated as top players hold the major market share, including ICICI, HDFC, and Aditya Birla, among others.

India Asset Management Market Leaders

  1. HDFC AMC

  2. ICICI Pru AMC

  3. Aditya Birla Sunlife

  4. SBI Fund Management

  5. Reliance Nippon

  6. *Disclaimer: Major Players sorted in no particular order
India Asset Management Market Concentration
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India Asset Management Market News

  • On December 24, 2021, HSBC Asset Management India signed a deal to buy L&T Investment Management (LTIM) from L&T Finance for USD 425 million. LTIM is a wholly-owned subsidiary of L&T Finance and the investment manager of the L&T Mutual Fund. The deal is part of the British lender's strategy to build its wealth and asset management presence in Asia.
  • On January 28, 2021, Sundaram Asset Management Company (AMC) announced the acquisition of Principal Asset Management, the Indian business of the global financial services major, Principal Financial Group, for INR 33.8 billion (USD 409 million).

India Asset Management Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET INSIGHTS AND DYNAMICS

  • 4.1 Market Overview
  • 4.2 Market Drivers
  • 4.3 Market Restraints
  • 4.4 Porter's Five Forces Analysis
    • 4.4.1 Threat of New Entrants
    • 4.4.2 Bargaining Power of Buyers/Consumers
    • 4.4.3 Bargaining Power of Suppliers
    • 4.4.4 Threat of Substitute Products
    • 4.4.5 Intensity of Competitive Rivalry
  • 4.5 Insights on Various Regulatory Trends Shaping Asset Management Market in India
  • 4.6 Insights on Impact of Technology and Innovation in Operation in Asset Management
  • 4.7 Insights on Performance of Asset Managers in India
  • 4.8 Impact of COVID-19 on the Market

5. MARKET SEGMENTATION

  • 5.1 By Client Type
    • 5.1.1 Retail
    • 5.1.2 Pension Fund
    • 5.1.3 Insurance Companies
    • 5.1.4 Banks
    • 5.1.5 Other Institutions
  • 5.2 By Asset Class
    • 5.2.1 Equity
    • 5.2.2 Fixed Income
    • 5.2.3 Cash/Money Market
    • 5.2.4 Alternative Investments
    • 5.2.5 Other Asset Classes

6. COMPETITIVE LANDSCAPE

  • 6.1 Market Concentration Overview
  • 6.2 Company Profiles
    • 6.2.1 SBI Mutual Fund
    • 6.2.2 HDFC AMC
    • 6.2.3 ICICI Pru AMC
    • 6.2.4 Nippon AMC
    • 6.2.5 Axis AMC
    • 6.2.6 DSP BlackRock
    • 6.2.7 Kotak AMC
    • 6.2.8 Tata AMC
    • 6.2.9 Franklin Templeton
    • 6.2.10 Aditya Birla Sunlife
    • 6.2.11 L&T Mutual Fund*
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

8. DISCLAIMER AND ABOUT US

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India Asset Management Industry Segmentation

Asset management is a systematic approach to the governance and realization of value from the things a group or entity is responsible for over its life cycle. It may apply both to tangible assets (physical objects such as buildings or equipment) and intangible assets (such as human capital, intellectual property, goodwill, or financial assets). The India Asset Management Market is segmented by Client Type (Retail, Pension Funds, Insurance Companies, Banks, and Others) and by Asset Class (Equity, Fixed Income, Cash/Money Management, Alternative Investment, and Others). The report offers market size and forecasts in value (USD billion) for all the above segments.

By Client Type Retail
Pension Fund
Insurance Companies
Banks
Other Institutions
By Asset Class Equity
Fixed Income
Cash/Money Market
Alternative Investments
Other Asset Classes
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India Asset Management Market Research FAQs

What is the current India Asset Management Market size?

The India Asset Management Market is projected to register a CAGR of less than 14% during the forecast period (2025-2030)

Who are the key players in India Asset Management Market?

HDFC AMC, ICICI Pru AMC, Aditya Birla Sunlife, SBI Fund Management and Reliance Nippon are the major companies operating in the India Asset Management Market.

What years does this India Asset Management Market cover?

The report covers the India Asset Management Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the India Asset Management Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Asset Management in India Industry Report

The India Asset Management System Market is experiencing significant growth, driven by the increasing need for efficient asset tracking, maintenance, and optimization across various industries. India Asset Management industry is Segmented by solutions such as GPS, RFID, RTLS, and Barcode, and asset types like electronic assets, returnable transport assets, in-transit equipment, manufacturing assets, and staff, these systems are essential for enhancing operational efficiency, reducing downtime, and extending asset lifespan. The adoption of IoT and predictive maintenance solutions is propelling the market forward, encouraging companies to invest in advanced asset tracking and maintenance software. The competitive landscape is dynamic, focusing on innovation and technological advancements to meet the demands of sectors such as manufacturing, transportation, and utilities. AMC in India is shifting towards more technology-driven investments, with increased activity in sectors like education technology, financial services, and life sciences, supported by a growing number of mutual fund investors. Indian asset management companies are pivotal in driving this growth, adapting to new technologies to maintain a competitive edge. For detailed statistics, market share, size, and revenue growth rate, refer to Mordor Intelligence™ Industry Reports, which include a market forecast outlook and historical overview, available as a free report PDF download.

Asset Management Market in India Report Snapshots