HDFC MF, SBI MF are top two AMCs in terms of equity assets

Domestic asset management companies (AMCs) are sitting on their highest-ever equity assets at over Rs 8 lakh crore. The mutual fund industry went through a turbulent phase after the 2008 financial crisis. 

The tide turned in early 2014 when investors once again started flocking to equity schemes. Assets under management (AUM) of the industry in the equity segment have increased nearly fourfold from the 2013 lows. A lot of AMCs have managed to successfully cash in on this. Currently, HDFC Mutual Fund and SBI Mutual Fund are the top two AMCs in terms of equity assets. 

Each of them manage