Asset management company
An asset management company or AMC is a company which professionally invests money, either pooled from many investors, of a family or of an individual, in different asset classes. It makes the investment process more systematic.
Motilal Oswal, HDFC Securities etc are some AMCs in India.
An AMC’s clients could include high-networth individuals, hedge funds, pension funds, and retail investors (for products like MFs, index funds, ETFs). In case of MFs and ETFs, we also call call the AMC as the fund house.