Wealth management sector has become the prime growth area as an underbelly of the economic boom witnessed in India. With liberalization and constant movement of people for growth prospects in education, job sector, wealth management of the savings also grew leaps and bounds.
Today it is wise to hand over the savings to professional wealth management companies who can invest or reinvest your savings and improve your wealth size by always working on it professionally through analysis.
The advantage of wealth management companies is that they will keep track of huge funds and are always actually hedged to minimize losses to offset the problems of market vagaries and fluctuations due to global financial collapse affecting the economy.
An individual or a family alone cannot manage it alone and hence professional wealth management services required. The benefit that a good wealth management service guidance brings offsets the loss or lack of knowledge of the market dynamics that could bring depreciation instead of an appreciation of the savings and it becomes worthwhile to hire a wealth management service for a fee.
Top 10 Best Wealth Management Companies In India
| Sr. No. | Wealth Management Companies |
| 1 | HDFC Asset Management Company |
| 2 | ICICI Asset Management Company |
| 3 | Reliance Asset Management Company |
| 4 | UTI Asset Management Company |
| 5 | Kotak Mahindra Asset Management Company |
| 6 | Birla Sun Life Asset Management Company |
| 7 | Tata Asset Management Company |
| 8 | Franklin Templeton |
| 9 | L&T Finance |
| 10 | BNP Paribas Asset Management Company Limited |
1) HDFC Asset Management Company
HDFC is a name to reckon with its outstanding reputation in the home loan business and, later on, its foray into banking, and insurance sector has been highly successful.
The HDFC Asset Management Company was set up in the year 1990 and one of the top asset management companies in India led by the vision of Mr. Deepak S. Parekh – a modern legend in the Indian banking and financial sector of India. With profits of the asset management portfolio over Rs. 500 crores, an investors wealth is safe and grows consistently for decent returns.
2) ICICI Asset Management Company
ICICI group was primarily in the industrial credit sector which later diversity in the mid-1990s into core banking and insurance services along with asset management services.
The erstwhile visionary chairman Mr. K V Kamath set the foundation for the enormous success of ICICI in every field of financial services and the current CEO Mr. Sandeep Bakhshi has taken that legacy forward.
The company is consistently posting an appreciation of the wealth under its wealth management wing generating profits above 100 crores with 20% growth rate.
Also Read: Top 10 Best Financial Services Companies in India
3) Reliance Asset Management Company
Under the able chairmanship of Anil Ambani, the Reliance Capital is a company under the flagship ADAG group. Reliance is a big name of repute in the asset management sector with high growth rate and consistently increasing the assets of their customers.
They are into mutual funds, insurance aggressively and the returns on their mutual fund offerings has often beaten the market.
Constant portfolio churning and investments made in niche companies seem to be the hallmark of the fund managers of Reliance Capital. The employee base of 18000+ makes Reliance a big player in the investment and wealth management business.
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4) UTI Asset Management Company
UTI Asset Management Company set up in late 2002, has four public sector financial companies as sponsors, namely, LIC of India, State Bank of India, Punjab National Bank, and Bank of Baroda and each of these entities holds 25% paid up capital.
Apart from the four entities, a foreign asset management company by name T. Rowe Price Global Investment Services has acquired a stake in the UTI Asset Management Company bringing to the table expertise and experience of global standards.
UTI Asset Management Company is a primary portfolio manager for the Government of India with its guidance and management of Indian Postal Life Insurance Scheme funds and management of the National Skill Development Fund.
5) Kotak Mahindra Asset Management Company
Kotak Mahindra is another fastest growing company under the dynamic leadership of Mr. Uday Kotak. Started in 1998, Kotak Mahindra has made forays into life insurance sector in a big way apart from entering the mutual fund business and banking sector.
The reputation of this group has been highly valued by customers for its customer-was driven and timely services and performance bringing in a lot of business through loyal customers. An employee base of 50,000+ speaks of the penetration and customer-driven orientation of this company.
6) Birla Sun Life Asset Management Company
Owned by the reputed Aditya Birla group, Birla Sun Life has come up with a reliable asset management company since its entry into the asset management sector.
Mutual funds offerings of Birla Best Wealth Management Companies In India list have consistently been managed well and yielded good returns to the customers in spite of the market fluctuations.
They are also into the mortgage, insurance, capital market and commercial real estate making it an extremely diversified company offering products to customers in a variety of sectors to appreciate assets.
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7) Tata Asset Management Company
Tata group’s asset management company TATA AMC is another decent asset management company with a current base of over 15 lakh customers due to the high trust the brand of Tata offers.
This group manages funds of over 25000 crores and mostly into fund management, mutual funds, etc. This company has steadily grown since inception in 1995 to achieve this growth.
8) Franklin Templeton
Franklin Templeton, an international New York-based asset management company, is quite popular in the investor segment with some of the best performing mutual funds coming from their business in India. Safety of investment and trust has been the hallmark of the Franklin Templeton group.
9) L&T Finance
L&T group under the dynamic leadership of Mr. A M Naik forayed into the asset management business in the year 2006 and had since been making steady progress.
With its mostly engineering pool of talent, it has been quite easy for L&T Finance as a company to garner the talent to start this venture with the highly reputed trust L&T holds as a corporation in Indian minds.
Financial advisory and wealth management services with particular focus on infrastructure sector of power, roads, etc.
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10) BNP Paribas Asset Management Company Limited
BNP Paribas is one of Europe’s largest player in the financial sector who have an Indian presence. Their technical expertise in the global markets is an advantage the investors benefit while entrusting assets to BNP Paribas.
BNP Paribas is one of the oldest foreign banks on Indian soil since 1860, so the brand name and trust is well established. They are widely into fund management services with good investment plans for their customers along with their banking operations across the main cities in India.
Also Read: Top 10 Foreign Banks In India
Conclusion
There are many other players in the wealth management sector like SBI Capital Markets, Morgan Stanley, etc. , which are equally good to those listed above. The above ten list comprises mainly of the high growth and high performing asset management companies with a strong reach across the Indian subcontinent with branches, services, etc.
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