Asset Management Companies

Asset-management companies manage the assets of their clients. In 2017, Reliance Nippon Life became the first AMC to list on Indian exchanges. It runs mutual funds, including exchange-traded funds. They also manages funds for high net-worth individuals and institutional investors. Further, it runs alternative investment funds and is a manager of various pension schemes and Employees' Provident Fund. In August 2018, HDFC AMC became the second such company to get listed. The business model AMCs primarily make money from f