What Defines an Asset Management Company in 2023?

Asset Management Companies (AMCs): include providers like Axis Mutual Funds, Kotak Mutual Funds, Nippon India Mutual Funds, HDFC Mutual Funds, SBI Mutual Funds, ICICI Prudential Mutual Funds, Aditya Birla Sunlife Mutual Funds, UTI Mutual Funds, Franklin Templeton Mutual Funds, and others such as IDFC, DSP, Tata, PGIM India, Sundaram, Invesco, LIC, JM Financial, Baroda, Canara Robeco, HSBC, IDBI, Groww, Motilal Oswal, Mirae Asset, BOI AXA, Union, Taurus, Edelweiss, Navi, Mahindra, Quantum, PPFAS, 360 ONE, Quant, Shriram, ITI, Samco, Trust, NJ, Whiteoak, and Bajaj Finserv Mutual Funds. What is an Asset Management Company? An Asset Management Company is a financial entity that channels clients' funds into diverse securities, seeking higher returns while charging fees for their services.