Top 10 Mutual Fund Companies in India: Discover the leading mutual fund companies in India that offer diverse investment options and superior returns. Explore detailed insights into each company’s investment strategies, fund performance, and customer service. Whether you’re a seasoned investor or new to mutual funds, this guide will help you choose the best mutual fund companies to meet your financial goals and optimize your investment portfolio.
Mutual funds have become an increasingly popular investment option in India, offering a diversified portfolio managed by professional fund managers. Here’s a detailed look at the top 10 mutual fund companies in India based on their performance, asset under management (AUM), and overall reputation.
Table of Contents
1. SBI Mutual Fund
SBI Mutual Fund, a joint venture between SBI and AMUNDI, is one of the largest and oldest mutual fund houses in India. With an AUM of over ₹6 lakh crore, it offers a strong distribution network, robust fund performance, and a wide range of schemes. Key funds include SBI Bluechip Fund, SBI Magnum Multicap Fund, and SBI Equity Hybrid Fund.
| Aspect | Details |
|---|---|
| Overview | One of the largest and oldest mutual fund houses in India. Joint venture between SBI and AMUNDI. |
| Key Funds | – SBI Bluechip Fund<br>- SBI Magnum Multicap Fund<br>- SBI Equity Hybrid Fund |
| AUM | Over ₹6 lakh crore |
| Strengths | Strong distribution network, robust fund performance, wide range of schemes |
Overview:
SBI Mutual Fund is one of the largest and oldest mutual fund houses in India. It is a joint venture between the State Bank of India (SBI) and AMUNDI, a European asset management company.
Key Funds:
- SBI Bluechip Fund
- SBI Magnum Multicap Fund
- SBI Equity Hybrid Fund
AUM: Over ₹6 lakh crore
Strengths: Strong distribution network, robust fund performance, and a wide range of schemes catering to various investor needs.
2. HDFC Mutual Fund
HDFC Mutual Fund is a leading mutual fund house in India known for its consistent performance and a broad spectrum of fund offerings. With an AUM of over ₹4 lakh crore, it boasts an experienced fund management team, strong track record, and diverse investment options. Key funds include HDFC Top 100 Fund, HDFC Balanced Advantage Fund, and HDFC Mid-Cap Opportunities Fund.
| Aspect | Details |
|---|---|
| Overview | Leading mutual fund house known for consistent performance and broad spectrum of fund offerings. |
| Key Funds | – HDFC Top 100 Fund<br>- HDFC Balanced Advantage Fund<br>- HDFC Mid-Cap Opportunities Fund |
| AUM | Over ₹4 lakh crore |
| Strengths | Experienced fund management team, strong track record, diverse investment options |
Overview:
HDFC Mutual Fund is a leading mutual fund house in India known for its consistent performance and a broad spectrum of fund offerings.
Key Funds:
- HDFC Top 100 Fund
- HDFC Balanced Advantage Fund
- HDFC Mid-Cap Opportunities Fund
AUM: Over ₹4 lakh crore
Strengths: Experienced fund management team, strong track record, and diverse investment options.
3. ICICI Prudential Mutual Fund
ICICI Prudential Mutual Fund, a joint venture between ICICI Bank and Prudential Plc, is renowned for its innovative products and strong performance. With an AUM of over ₹4.5 lakh crore, it offers a wide range of fund offerings, innovative investment strategies, and robust risk management. Key funds include ICICI Prudential Bluechip Fund, ICICI Prudential Equity & Debt Fund, and ICICI Prudential Value Discovery Fund.
| Aspect | Details |
|---|---|
| Overview | Joint venture between ICICI Bank and Prudential Plc. Renowned for innovative products and strong performance. |
| Key Funds | – ICICI Prudential Bluechip Fund<br>- ICICI Prudential Equity & Debt Fund<br>- ICICI Prudential Value Discovery Fund |
| AUM | Over ₹4.5 lakh crore |
| Strengths | Wide range of fund offerings, innovative investment strategies, robust risk management |
Overview:
ICICI Prudential Mutual Fund, a joint venture between ICICI Bank and Prudential Plc, is renowned for its innovative products and strong performance.
Key Funds:
- ICICI Prudential Bluechip Fund
- ICICI Prudential Equity & Debt Fund
- ICICI Prudential Value Discovery Fund
AUM: Over ₹4.5 lakh crore
Strengths: Wide range of fund offerings, innovative investment strategies, and robust risk management practices.
4. Axis Mutual Fund
Axis Mutual Fund, a subsidiary of Axis Bank, has rapidly gained popularity due to its strong performance, especially in equity funds. With an AUM of over ₹2.5 lakh crore, it offers consistent fund performance, focus on growth-oriented sectors, and a strong management team. Key funds include Axis Bluechip Fund, Axis Long Term Equity Fund, and Axis Midcap Fund.
| Aspect | Details |
|---|---|
| Overview | Rapidly gained popularity due to strong performance, especially in equity funds. Subsidiary of Axis Bank. |
| Key Funds | – Axis Bluechip Fund<br>- Axis Long Term Equity Fund<br>- Axis Midcap Fund |
| AUM | Over ₹2.5 lakh crore |
| Strengths | Consistent fund performance, focus on growth-oriented sectors, strong management team |
Overview:
Axis Mutual Fund has rapidly gained popularity due to its strong performance, especially in equity funds. It is a subsidiary of Axis Bank.
Key Funds:
- Axis Bluechip Fund
- Axis Long Term Equity Fund
- Axis Midcap Fund
AUM: Over ₹2.5 lakh crore
Strengths: Consistent fund performance, focus on growth-oriented sectors, and strong management team.
5. Aditya Birla Sun Life Mutual Fund
Aditya Birla Sun Life Mutual Fund, a joint venture between Aditya Birla Group and Sun Life Financial Inc., is known for its comprehensive range of investment options. With an AUM of over ₹3 lakh crore, it has a strong market presence and excellent fund performance. Key funds include Aditya Birla Sun Life Frontline Equity Fund, Aditya Birla Sun Life Tax Relief 96, and Aditya Birla Sun Life Balanced Advantage Fund.
| Aspect | Details |
|---|---|
| Overview | Joint venture between Aditya Birla Group and Sun Life Financial Inc. Known for comprehensive range of investment options. |
| Key Funds | – Aditya Birla Sun Life Frontline Equity Fund<br>- Aditya Birla Sun Life Tax Relief 96<br>- Aditya Birla Sun Life Balanced Advantage Fund |
| AUM | Over ₹3 lakh crore |
| Strengths | Comprehensive range of investment options, strong market presence, excellent fund performance |
Overview:
Aditya Birla Sun Life Mutual Fund is one of India’s top asset management companies, a joint venture between the Aditya Birla Group and Sun Life Financial Inc.
Key Funds:
- Aditya Birla Sun Life Frontline Equity Fund
- Aditya Birla Sun Life Tax Relief 96
- Aditya Birla Sun Life Balanced Advantage Fund
AUM: Over ₹3 lakh crore
Strengths: Comprehensive range of investment options, strong market presence, and excellent fund performance.
6. Nippon India Mutual Fund
Formerly known as Reliance Mutual Fund, Nippon India Mutual Fund is now managed by Nippon Life Insurance, Japan’s largest life insurer. With an AUM of over ₹2.5 lakh crore, it offers diverse fund offerings, strong international backing, and robust performance metrics. Key funds include Nippon India Large Cap Fund, Nippon India Small Cap Fund, and Nippon India Hybrid Bond Fund.
| Aspect | Details |
|---|---|
| Overview | Formerly Reliance Mutual Fund, now managed by Nippon Life Insurance, Japan’s largest life insurer. |
| Key Funds | – Nippon India Large Cap Fund<br>- Nippon India Small Cap Fund<br>- Nippon India Hybrid Bond Fund |
| AUM | Over ₹2.5 lakh crore |
| Strengths | Diverse fund offerings, strong international backing, robust performance metrics |
Overview:
Formerly known as Reliance Mutual Fund, Nippon India Mutual Fund is now managed by Nippon Life Insurance, Japan’s largest life insurer.
Key Funds:
- Nippon India Large Cap Fund
- Nippon India Small Cap Fund
- Nippon India Hybrid Bond Fund
AUM: Over ₹2.5 lakh crore
Strengths: Diverse fund offerings, strong international backing, and robust performance metrics.
7. Kotak Mahindra Mutual Fund
Kotak Mahindra Mutual Fund, part of Kotak Mahindra Bank, is known for strong performance with innovative funds. With an AUM of over ₹2 lakh crore, it focuses on quality stock selection, consistent performance, and strong research capabilities. Key funds include Kotak Standard Multicap Fund, Kotak Emerging Equity Fund, and Kotak Equity Hybrid Fund.
| Aspect | Details |
|---|---|
| Overview | Part of Kotak Mahindra Bank, known for strong performance with innovative funds. |
| Key Funds | – Kotak Standard Multicap Fund<br>- Kotak Emerging Equity Fund<br>- Kotak Equity Hybrid Fund |
| AUM | Over ₹2 lakh crore |
| Strengths | Focus on quality stock selection, consistent performance, strong research capabilities |
Overview:
Kotak Mahindra Mutual Fund, a part of Kotak Mahindra Bank, has been a strong performer with a variety of innovative funds.
Key Funds:
- Kotak Standard Multicap Fund
- Kotak Emerging Equity Fund
- Kotak Equity Hybrid Fund
AUM: Over ₹2 lakh crore
Strengths: Focus on quality stock selection, consistent performance, and strong research capabilities.
8. Franklin Templeton Mutual Fund
Franklin Templeton Mutual Fund is a global asset management firm known for its expertise in managing fixed income and equity funds. With an AUM of over ₹1 lakh crore, it offers strong global expertise, innovative products, and a focus on long-term performance. Key funds include Franklin India Bluechip Fund, Franklin India Prima Plus, and Franklin India Debt Hybrid Fund.
| Aspect | Details |
|---|---|
| Overview | Global asset management firm known for expertise in managing fixed income and equity funds. |
| Key Funds | – Franklin India Bluechip Fund<br>- Franklin India Prima Plus<br>- Franklin India Debt Hybrid Fund |
| AUM | Over ₹1 lakh crore |
| Strengths | Strong global expertise, innovative products, focus on long-term performance |
Overview:
Franklin Templeton Mutual Fund is a global asset management firm known for its expertise in managing fixed income and equity funds.
Key Funds:
- Franklin India Bluechip Fund
- Franklin India Prima Plus
- Franklin India Debt Hybrid Fund
AUM: Over ₹1 lakh crore
Strengths: Strong global expertise, innovative products, and focus on long-term performance.
9. Mirae Asset Mutual Fund
Mirae Asset Mutual Fund, a subsidiary of South Korean financial services firm Mirae Asset Global Investments, has quickly established itself in the Indian market. With an AUM of over ₹1.5 lakh crore, it offers strong fund performance, innovative investment strategies, and growing market presence. Key funds include Mirae Asset Emerging Bluechip Fund, Mirae Asset Hybrid Equity Fund, and Mirae Asset Large Cap Fund.
| Aspect | Details |
|---|---|
| Overview | Subsidiary of South Korean financial services firm Mirae Asset Global Investments. Quickly established in the Indian market. |
| Key Funds | – Mirae Asset Emerging Bluechip Fund<br>- Mirae Asset Hybrid Equity Fund<br>- Mirae Asset Large Cap Fund |
| AUM | Over ₹1.5 lakh crore |
| Strengths | Strong fund performance, innovative investment strategies, growing market presence |
Overview:
Mirae Asset Mutual Fund, a subsidiary of South Korean financial services firm Mirae Asset Global Investments, has quickly established itself in the Indian market.
Key Funds:
- Mirae Asset Emerging Bluechip Fund
- Mirae Asset Hybrid Equity Fund
- Mirae Asset Large Cap Fund
AUM: Over ₹1.5 lakh crore
Strengths: Strong fund performance, innovative investment strategies, and growing market presence.
10. UTI Mutual Fund
UTI Mutual Fund is one of the oldest and most trusted mutual fund companies in India, offering a vast range of investment products. With an AUM of over ₹1.8 lakh crore, it has extensive market experience, a broad range of schemes, and a strong distribution network. Key funds include UTI Equity Fund, UTI Nifty Index Fund, and UTI Hybrid Equity Fund.
| Aspect | Details |
|---|---|
| Overview | One of the oldest and most trusted mutual fund companies in India, offering a vast range of investment products. |
| Key Funds | – UTI Equity Fund<br>- UTI Nifty Index Fund<br>- UTI Hybrid Equity Fund |
| AUM | Over ₹1.8 lakh crore |
| Strengths | Extensive market experience, broad range of schemes, strong distribution network |
Overview:
UTI Mutual Fund is one of the oldest and most trusted mutual fund companies in India, with a vast range of investment products.
Key Funds:
- UTI Equity Fund
- UTI Nifty Index Fund
- UTI Hybrid Equity Fund
AUM: Over ₹1.8 lakh crore
Strengths: Extensive market experience, broad range of schemes, and strong distribution network.
Certainly! Here are some frequently asked questions (FAQs) about mutual fund companies in India, along with their answers:
FAQs About Top 10 Mutual Fund Companies in India
1. What is a mutual fund?
Answer:
A mutual fund is an investment vehicle that pools money from multiple investors to invest in a diversified portfolio of assets such as stocks, bonds, and other securities. Professional fund managers manage these investments to achieve specific financial goals.
2. How are mutual fund companies regulated in India?
Answer:
Mutual fund companies in India are regulated by the Securities and Exchange Board of India (SEBI). SEBI oversees the functioning of mutual funds to ensure transparency, protect investors’ interests, and maintain market integrity.
3. What are the different types of mutual funds available in India?
Answer:
In India, mutual funds can be broadly classified into several types:
- Equity Funds: Invest primarily in stocks.
- Debt Funds: Invest in fixed-income securities like bonds.
- Hybrid Funds: Combine equity and debt investments.
- Index Funds: Track a specific index like the Nifty 50.
- Liquid Funds: Invest in short-term, low-risk securities.
- Tax-Saving Funds (ELSS): Provide tax benefits under Section 80C of the Income Tax Act.
4. How do I choose the right mutual fund company?
Answer:
Choosing the right mutual fund company involves evaluating several factors:
- Performance: Look at historical performance and consistency.
- AUM (Assets Under Management): Larger AUM can indicate stability and investor trust.
- Fund Manager’s Experience: Experienced managers tend to make better investment decisions.
- Expense Ratio: Lower expense ratios mean lower costs for investors.
- Customer Service: Good customer service and ease of access can enhance your investment experience.
5. What is the significance of the Asset Under Management (AUM) for mutual fund companies?
Answer:
AUM indicates the total market value of assets managed by the mutual fund company. A higher AUM generally signifies investor confidence and stability. It also affects the management fees and the scale of operations.
6. How can I invest in mutual funds in India?
Answer:
You can invest in mutual funds through:
- Direct Purchase: Through the mutual fund company’s website or office.
- Online Platforms: Through various investment platforms and apps.
- Financial Advisors: Via recommendations from certified financial advisors or brokers.
- Banks: Many banks offer mutual fund investment services.
7. What is the difference between direct and regular mutual fund plans?
Answer:
- Direct Plans: Bought directly from the mutual fund company, typically with lower expense ratios and no commission.
- Regular Plans: Purchased through intermediaries like brokers or financial advisors, often with higher expense ratios due to commission fees.
8. What are the common fees associated with mutual funds?
Answer:
Common fees include:
- Expense Ratio: Ongoing fees to manage the fund, including administrative costs.
- Entry Load: A one-time fee charged when investing in the fund (currently banned in India).
- Exit Load: A fee charged if you withdraw from the fund before a specified period.
9. How are mutual fund returns taxed in India?
Answer:
Mutual fund returns are taxed based on the type of fund:
- Equity Funds: Short-term capital gains (less than one year) are taxed at 15%. Long-term capital gains (more than one year) are tax-free up to ₹1 lakh; gains above this are taxed at 10%.
- Debt Funds: Short-term capital gains are taxed as per the investor’s income tax slab. Long-term capital gains (more than three years) are taxed at 20% with indexation benefits.
10. What should I consider before investing in mutual funds?
Answer:
Before investing, consider:
- Investment Goals: Ensure the mutual fund aligns with your financial goals.
- Risk Tolerance: Understand your risk appetite and choose funds accordingly.
- Time Horizon: Align your investment period with the fund’s investment strategy.
- Fund Performance: Review the historical performance and fund manager’s track record.
- Costs and Fees: Evaluate the expense ratio and other associated costs.
Conclusion
These top 10 mutual fund companies in India offer a diverse range of investment options to cater to the varying needs of investors. They have established their reputation through consistent performance, innovative products, and robust risk management practices. As always, potential investors should conduct thorough research and consider their financial goals and risk tolerance before investing in mutual funds.