Glossary term
AMC
The company that manages mutual fund schemes — HDFC AMC, ICICI Prudential, SBI Mutual Fund, etc.
An Asset Management Company (AMC) is the regulated entity that designs, markets and manages mutual fund schemes. It hires fund managers, charges the expense ratio, handles compliance, and acts as the trustee's investment manager.
India's largest AMCs by AUM include SBI Mutual Fund, ICICI Prudential, HDFC AMC, Nippon India, Aditya Birla Sun Life, Kotak and Axis. AMCs are tightly regulated by SEBI.