FirmScope

Mumbai directory · 133 firms

Asset management firms in Mumbai

India's money is managed from Mumbai - the mutual fund giants, the insurers, the exchanges all sit here. Beneath them operates a bench of 133 genuinely independent managers: founder-led equity boutiques running PMS mandates, alternative investment funds, credit and real estate specialists, and quant shops started by people who left the institutions to run their own money. FirmScope verified each one by hand as active, Mumbai-based and independent, with its strategy recorded the way the firm itself describes it.

Scroll for the list. The full directory adds working website and LinkedIn links, named contacts where firms publish them, and filters by strategy - the fastest route to a credible target list in Indian asset management.

58
Generalist
26
Long Only
10
Private Credit
10
Quant / Systematic

Look up a firm

25 of the 133 firms on the list

FirmFocusTeam size
Alchemy Capital Management Pvt LtdGeneralist51-200
Arbour InvestmentsGeneralist51-200
ENAM ASSET MANAGEMENT COMPANY PRIVATE LIMITEDGeneralist51-200
Marcellus Investment ManagersQuant / Systematic51-200
Milestone Capital Advisors LimitedPrivate Credit51-200
Narotam Sekhsaria Family OfficeMulti-Asset51-200
National Investment and Infrastructure Fund (NIIF)Infrastructure51-200
NDR InvITInfrastructure51-200
OrbiMedGeneralist51-200
PPFAS Mutual FundLong Only51-200
QodeGeneralist51-200
Quantum Advisors IndiaGeneralist51-200
Shrem InvITInfrastructure51-200
Aavishkaar CapitalGeneralist11-50
Abans Investment ManagersGeneralist11-50
Ace Lansdowne Investments Services LLPGeneralist11-50
ActiveAlpha GroupQuant / Systematic11-50
Aequitas InvestmentsGeneralist11-50
AmunraQuant / Systematic11-50
Anantam Highways TrustInfrastructure11-50
Bay CapitalLong Only11-50
Bellwether Capital Private LimitedLong Only11-50
Blue 91 Portfolio Managers LLPGeneralist11-50
Blue Lotus CapitalLong Only11-50
Brescon Ventures Private LimitedLong Only11-50

Ordered by team size, then name. Websites, LinkedIn pages, search and filters are in the full directory.

The other 108 firms

See the whole list, with working links and contacts

Every firm, verified website and LinkedIn links, named contacts where published, filters, private notes and an outreach tracker. Free account first, no card needed.

Create a free accountSee pricing

What counts as a boutique here

Independent fund managers with real Mumbai operations: specialist equity, credit, real estate and multi-asset boutiques whose ownership sits with the founders rather than a bank or insurer - the firms running PMS books, AIFs and institutional mandates, not retail distribution.

The mutual fund houses, bank-owned asset managers and retail wealth distributors are excluded on purpose - they recruit differently. This list covers the investment boutiques that hire one person at a time, quietly.

Full detail on sourcing and verification is on the methodology page.

Common questions

How many boutique asset managers are in Mumbai?

FirmScope currently tracks 133 in Mumbai. India's asset management industry is far larger, but this list maps independent boutiques specifically - and it updates as the market consolidates.

Why are the mutual fund houses missing?

Deliberately: an AMC with a national distribution network recruits and operates nothing like a founder-led PMS boutique. This list maps the independents - that is where the interesting seats are.

Do Mumbai asset managers hire juniors?

Boutiques here hire in ones and twos, usually off-cycle, and the institutional talent pool makes competition real. Research the strategy, find the right principal, and prove you understand what the firm actually runs.

More Mumbai directories

Investment BankingConsultingVenture CapitalPrivate EquityCorporate Law

Every city FirmScope covers, live and upcoming, is on the coverage page.