The 2012 India 20 Reliance Capital Asset Management Co. maintains its position at the top of the India 20, Institutional Investor’s annual ranking of the country’s leading money managers.
HDFC Asset Management Co. remains in second place with assets of $16.5 billion, down 13 percent from a year earlier.
ICICI Prudential Asset Management Co. returns in third place with $13.2 billion, down 18.6 percent from a year earlier.
Birla Sun Life Asset Management Co. gains one place, to fourth, with $11.7 billion in assets, down 19.4 percent from a year earlier.
How the Ranking Was Compiled Institutional Investor’s sixth annual ranking identifies India’s top 20 fund managers by assets. New York–based Senior Editor Jane B. Kenney and Mumbai-based Contributing Editor Niraj Bhatt compiled the ranking from questionnaires filled out by the institutions themselves. II refined these data through follow-up e-mails and telephone calls. When official data were unavailable, II obtained figures from web sites and other public sources. All figures are in millions of dollars as of March 31 of the respective year, converted from rupees, when necessary, using the exchange rate on those dates.