Upcoming AMC IPOs 2025
AMC stands for Asset Management Company, which is a financial institution that manages investments for investors.
The Amdavad Municipal Corporation (AMC) was established in July 1950 under the Bombay Provincial Corporation Act of 1949. The AMC is responsible for the administration and civic infrastructure of Ahmedabad, a city in Gujarat, India
AMCs pool money from investors and invest it in a variety of securities, such as stocks, bonds, commodities, and government securities. The goal is to generate returns for investors while managing the risks involved.
AMCs are licensed and regulated by SEBI, India’s capital markets regulator, to ensure they operate within the legal framework and adhere to transparency and accountability standards
AMCs differ from banks, which focus on lending and deposit services, and insurance companies, which offer protection against financial risks.
List Of AMC Group IPOs Coming Up Soon
- ICICI AMC
- SBI AMC
- AXIS AMC
- KOTAK AMC
1. ICICI AMC
ICICI Prudential AMC was founded in 1993 as ICICI Asset Management Company. In 1998, it became a joint venture between ICICI Bank and Prudential Plc, a UK financial services company,
ICICI Prudential AMC offers a variety of mutual fund schemes, including equity, debt, hybrid, and sectoral/thematic
As of September 30, 2024, ICICI Prudential AMC had an AUM of Rs 8,58,522.52 crores. It is India’s second-largest mutual fund company in terms of AUM.
ICICI Prudential Life IPO price band is set at ₹300 to ₹334 per share. The minimum lot size for an application is 44 Shares. The minimum amount of investment
3. SBI AMC
Annual Maintenance Charge (AMC) is a yearly fee imposed by banks on debit cards as an ATM service fee. What is the AMC for an SBI debit card? For classic debit cards, an AMC of Rs. 125 + 18% of GST (22.50) = 147.50 is levied by SBI. The AMC depends on the debit card variant.
A shareholder agreement in this regard has been entered on April 13, 2011 between SBI & AMUNDI Asset Management. Accordingly, SBI currently holds 62.11% stake in SBIFML, 36.47% stake is held by AMUNDI Asset Management through a wholly owned subsidiary, Amundi India Holding and 1.42% stake is held by others.
SBIFML is a joint venture between the State Bank of India (SBI) and AMUNDI Asset Management, a leading fund management company from France. SBI holds 62.11% of SBIFML, while AMUNDI holds 36.47%
SBI Mutual Fund was established in 1987 and incorporated in 1992. It was India’s second mutual fund after the Unit Trust of India.
SBI Mutual Fund offers a variety of schemes, including equity, debt, hybrid, and others. Some of its largest schemes include the SBI Nifty 50 ETF, SBI Balanced Advantage Fund, and SBI Conservative Hybrid Fund.
3. AXIS AMC
Axis AMC is a joint venture between Axis Bank and Schroder Singapore Holdings Private Limited (SSHPL). It was established in 2009 and is one of India’s top 10 asset management companies.
Axis AMC’s investment philosophy is based on three principles:
- Outside-in view: Communicate with customers in their language to help them make the right investment decisions
- Long-term wealth creation: Encourage investors to create a long-term investment strategy
- Long-term relationship: Build relationships beyond finances
Axis AMC offers a variety of mutual fund schemes, including equity funds, hybrid funds, and debt funds. As of September 2024, its three largest schemes were Axis ELSS Tax Saver Fund, Axis Bluechip Fund, and Axis Midcap Fund.
Axis Mutual Fund is an Indian asset management company. It was established in the year 2009 and has its headquarters in Mumbai. Axis Mutual Fund offers various types of mutual fund schemes to invest in India, such as equity funds, hybrid funds, debt funds, and more.
Axis AMC offers its services online and through more than 100 branches in India.
4. KOTAK AMC
Kotak Mahindra Asset Management Company Limited (KMAMC) is an investment management firm that provides mutual fund and portfolio management services. Here are some details about KMAMC
Kotak Mahindra Asset Management Company Limited (KMAMC) is a public limited company registered under the Companies Act, 1956 on August 2, 1994. The company is the asset manager of Kotak Mahindra Mutual Fund (KMMF) and a wholly and a subsidiary of Kotak Mahindra Bank Limited (KMBL).
As of March 31, 2024, KMAMC’s asset under management was more than 3.81 lakh crores.
KMAMC has 86 branches in 82 cities across India.
KMAMC was registered under the Companies Act, 1956 on August 2, 1994. It began operations in December 1998.
KMAMC offers income tax benefits under Section 80C.