“Discover Top 10 Mutual Fund Companies in India, renowned for their performance, innovation, and investor-centric approach. Learn about their history, key offerings, investment strategies, and performance highlights to make informed investment decisions.”
India’s mutual fund industry has experienced significant growth over the past few decades, driven by increasing investor awareness, robust economic fundamentals, and regulatory support. Mutual funds offer a diverse range of investment options, catering to various risk appetites and financial goals. This introduction provides an overview of the top 10 mutual fund companies in India, renowned for their performance, innovation, and investor-centric approach.
Table of Contents
1.SBI Mutual Fund
| Feature | Details |
|---|---|
| Founded | 1987 |
| Parent Company | State Bank of India (SBI) |
| Types of Funds | Equity, Debt, Hybrid, ELSS, ETFs |
| Key Funds | SBI Bluechip Fund, SBI Magnum Taxgain Scheme |
| AUM (Assets Under Management) | ₹6.47 lakh crore (as of June 2023) |
Key Offerings:
- Types of Funds: Equity, Debt, Hybrid, ELSS, ETFs
- Popular Funds: SBI Bluechip Fund, SBI Magnum Taxgain Scheme, SBI Small Cap Fund
Investment Strategy:
- Focuses on long-term growth and capital appreciation through a diversified portfolio.
- Employs a mix of active and passive investment strategies depending on the fund.
Performance Highlights:
- Strong performance in equity and hybrid funds.
- Notable for consistent returns and reliable fund management.
- SBI Mutual Fund is one of the largest and oldest mutual fund houses in India. It offers a wide range of mutual fund schemes, including equity, debt, and hybrid funds.
2.HDFC Mutual Fund
| Feature | Details |
|---|---|
| Founded | 2000 |
| Parent Company | HDFC Ltd. and Standard Life Investments Limited |
| Types of Funds | Equity, Debt, Hybrid, ELSS, ETFs |
| Key Funds | HDFC Top 100 Fund, HDFC Equity Fund |
| AUM (Assets Under Management) | ₹4.44 lakh crore (as of June 2023) |
Key Offerings:
- Types of Funds: Equity, Debt, Hybrid, ELSS, ETFs
- Popular Funds: HDFC Top 100 Fund, HDFC Equity Fund, HDFC Balanced Advantage Fund
Investment Strategy:
- Focuses on identifying high-quality companies with strong growth potential.
- Utilizes a disciplined investment approach with thorough research.
Performance Highlights:
- Consistent track record in delivering high returns.
- Strong presence in both equity and hybrid fund categories.
- HDFC Mutual Fund is another leading mutual fund company in India. It is known for its consistent performance and a variety of mutual fund schemes.
3.ICICI Prudential Mutual Fund
| Feature | Details |
|---|---|
| Founded | 1993 |
| Parent Company | ICICI Bank and Prudential Plc |
| Types of Funds | Equity, Debt, Hybrid, ELSS, ETFs |
| Key Funds | ICICI Prudential Bluechip Fund, ICICI Prudential Balanced Advantage Fund |
| AUM (Assets Under Management) | ₹5.43 lakh crore (as of June 2023) |
Key Offerings:
- Types of Funds: Equity, Debt, Hybrid, ELSS, ETFs
- Popular Funds: ICICI Prudential Bluechip Fund, ICICI Prudential Balanced Advantage Fund
Investment Strategy:
- Employs a dynamic asset allocation strategy to optimize returns.
- Focuses on a mix of growth and value investing.
Performance Highlights:
- Strong performance in balanced and hybrid funds.
- Known for innovative solutions like the Balanced Advantage Fund.
- ICICI Prudential Mutual Fund is one of the top mutual fund companies in India, known for its innovation and customer-centric approach. It offers a diverse range of funds.
4.Aditya Birla Sun Life Mutual Fund
| Feature | Details |
|---|---|
| Founded | 1994 |
| Parent Company | Aditya Birla Group and Sun Life Financial Inc. |
| Types of Funds | Equity, Debt, Hybrid, ELSS, ETFs |
| Key Funds | Aditya Birla Sun Life Frontline Equity Fund, Aditya Birla Sun Life Tax Relief 96 |
| AUM (Assets Under Management) | ₹3.11 lakh crore (as of June 2023) |
Key Offerings:
- Types of Funds: Equity, Debt, Hybrid, ELSS, ETFs
- Popular Funds: Aditya Birla Sun Life Frontline Equity Fund, Aditya Birla Sun Life Tax Relief 96
Investment Strategy:
- Focuses on long-term growth through a diversified portfolio.
- Utilizes a combination of top-down and bottom-up investment approaches.
Performance Highlights:
- Consistent performer in the equity fund segment.
- Well-regarded for its tax-saving schemes.
- Aditya Birla Sun Life Mutual Fund is a prominent player in the Indian mutual fund industry, offering a wide range of mutual fund schemes across different categories.
5.Nippon India Mutual Fund
| Feature | Details |
|---|---|
| Founded | 1995 |
| Parent Company | Nippon Life Insurance Company |
| Types of Funds | Equity, Debt, Hybrid, ELSS, ETFs |
| Key Funds | Nippon India Growth Fund, Nippon India Small Cap Fund |
| AUM (Assets Under Management) | ₹2.78 lakh crore (as of June 2023) |
Key Offerings:
- Types of Funds: Equity, Debt, Hybrid, ELSS, ETFs
- Popular Funds: Nippon India Growth Fund, Nippon India Small Cap Fund
Investment Strategy:
- Emphasizes growth-oriented investments with a focus on mid and small-cap stocks.
- Utilizes a disciplined approach to risk management.
Performance Highlights:
- Strong performance in small and mid-cap funds.
- Known for delivering consistent returns across market cycles.
- Nippon India Mutual Fund, formerly known as Reliance Mutual Fund, is one of the largest mutual fund houses in India, offering a variety of mutual fund schemes.
6.Axis Mutual Fund
| Feature | Details |
|---|---|
| Founded | 2009 |
| Parent Company | Axis Bank |
| Types of Funds | Equity, Debt, Hybrid, ELSS, ETFs |
| Key Funds | Axis Bluechip Fund, Axis Long Term Equity Fund |
| AUM (Assets Under Management) | ₹2.64 lakh crore (as of June 2023) |
Key Offerings:
- Types of Funds: Equity, Debt, Hybrid, ELSS, ETFs
- Popular Funds: Axis Bluechip Fund, Axis Long Term Equity Fund
Investment Strategy:
- Focuses on quality companies with strong growth potential.
- Utilizes rigorous research and analysis for stock selection.
Performance Highlights:
- Notable for high returns in the equity fund segment.
- Strong presence in the tax-saving fund category.
- Axis Mutual Fund is known for its customer-focused approach and a wide range of mutual fund schemes, including equity, debt, and hybrid funds.
7.Kotak Mahindra Mutual Fund
| Feature | Details |
|---|---|
| Founded | 1998 |
| Parent Company | Kotak Mahindra Bank |
| Types of Funds | Equity, Debt, Hybrid, ELSS, ETFs |
| Key Funds | Kotak Standard Multicap Fund, Kotak Emerging Equity Fund |
| AUM (Assets Under Management) | ₹2.58 lakh crore (as of June 2023) |
Key Offerings:
- Types of Funds: Equity, Debt, Hybrid, ELSS, ETFs
- Popular Funds: Kotak Standard Multicap Fund, Kotak Emerging Equity Fund
Investment Strategy:
- Focuses on long-term growth through a diversified portfolio.
- Utilizes a mix of growth and value investing approaches.
Performance Highlights:
- Strong performance in multi-cap and small-cap funds.
- Well-regarded for consistent returns and fund management.
- Kotak Mahindra Mutual Fund is a well-established mutual fund company in India, offering a wide range of mutual fund schemes with a strong track record of performance.
8.UTI Mutual Fund
| Feature | Details |
|---|---|
| Founded | 1963 |
| Parent Company | T Rowe Price Group, LIC, SBI, Bank of Baroda, PNB |
| Types of Funds | Equity, Debt, Hybrid, ELSS, ETFs |
| Key Funds | UTI Nifty Index Fund, UTI Equity Fund |
| AUM (Assets Under Management) | ₹2.24 lakh crore (as of June 2023) |
Key Offerings:
- Types of Funds: Equity, Debt, Hybrid, ELSS, ETFs
- Popular Funds: UTI Nifty Index Fund, UTI Equity Fund
Investment Strategy:
- Focuses on index-based and active management strategies.
- Emphasizes diversification and risk management.
Performance Highlights:
- Strong performance in index and equity funds.
- Known for reliable returns and a solid track record.
- UTI Mutual Fund is one of the oldest and most trusted mutual fund companies in India. It offers a diverse range of mutual fund schemes catering to various investment needs.
9.Franklin Templeton Mutual Fund
| Feature | Details |
|---|---|
| Founded | 1996 |
| Parent Company | Franklin Templeton Investments |
| Types of Funds | Equity, Debt, Hybrid, ELSS, ETFs |
| Key Funds | Franklin India Bluechip Fund, Franklin India Smaller Companies Fund |
| AUM (Assets Under Management) | ₹1.15 lakh crore (as of June 2023) |
Key Offerings:
- Types of Funds: Equity, Debt, Hybrid, ELSS, ETFs
- Popular Funds: Franklin India Bluechip Fund, Franklin India Smaller Companies Fund
Investment Strategy:
- Focuses on long-term growth through high-quality stocks.
- Utilizes a combination of fundamental and quantitative analysis.
Performance Highlights:
- Strong performer in the large-cap and small-cap fund segments.
- Notable for delivering consistent returns over the long term.
- Franklin Templeton Mutual Fund is a globally recognized mutual fund company with a strong presence in India. It offers a variety of mutual fund schemes across different categories.
10.DSP Mutual Fund
| Feature | Details |
|---|---|
| Founded | 1996 |
| Parent Company | DSP Group and BlackRock Inc. |
| Types of Funds | Equity, Debt, Hybrid, ELSS, ETFs |
| Key Funds | DSP BlackRock Equity Fund, DSP BlackRock Tax Saver Fund |
| AUM (Assets Under Management) | ₹1.19 lakh crore (as of June 2023) |
Key Offerings:
- Types of Funds: Equity, Debt, Hybrid, ELSS, ETFs
- Popular Funds: DSP BlackRock Equity Fund, DSP BlackRock Tax Saver Fund
Investment Strategy:
- Focuses on growth-oriented investments with a diversified portfolio.
- Employs a mix of active and passive management strategies.
Performance Highlights:
- Strong performance in equity and tax-saving funds.
- Recognized for consistent returns and reliable fund management.
- DSP Mutual Fund is known for its innovative approach and a wide range of mutual fund schemes. It has a strong track record of performance and customer satisfaction.
FAQS for Top 10 Mutual Fund Companies in India
1. SBI Mutual Fund
Q: What types of mutual funds does SBI Mutual Fund offer?
A: SBI Mutual Fund offers equity, debt, hybrid, ELSS (Equity Linked Savings Scheme), and ETF (Exchange Traded Funds).
Q: How can I invest in SBI Mutual Fund?
A: You can invest through their official website, mobile app, authorized distributors, or directly at SBI branches.
Q: What is the minimum investment amount for SBI Mutual Fund?
A: The minimum investment amount varies by scheme but typically starts from ₹500 for SIP (Systematic Investment Plan) and ₹1,000 for lump sum investments.
2. HDFC Mutual Fund
Q: What are the popular funds offered by HDFC Mutual Fund?
A: Some popular funds include HDFC Top 100 Fund, HDFC Equity Fund, and HDFC Balanced Advantage Fund.
Q: How can I redeem my investment from HDFC Mutual Fund?
A: You can redeem through their website, mobile app, or by submitting a redemption request form at HDFC branches or authorized distributors.
Q: Are there any tax benefits for investing in HDFC Mutual Fund?
A: Yes, investments in HDFC ELSS funds are eligible for tax deductions under Section 80C of the Income Tax Act.
3. ICICI Prudential Mutual Fund
Q: What is ICICI Prudential Balanced Advantage Fund?
A: It is a hybrid fund that dynamically allocates assets between equity and debt based on market conditions to optimize returns.
Q: How do I start a SIP with ICICI Prudential Mutual Fund?
A: You can start a SIP online through their website or app, or by visiting their branches or authorized distributors.
Q: Can NRIs invest in ICICI Prudential Mutual Fund?
A: Yes, NRIs can invest in ICICI Prudential Mutual Fund, subject to applicable laws and regulations.
4. Aditya Birla Sun Life Mutual Fund
Q: What are the key features of Aditya Birla Sun Life Frontline Equity Fund?
A: It is a large-cap equity fund that invests in blue-chip companies with a focus on long-term capital growth.
Q: How can I track my investments in Aditya Birla Sun Life Mutual Fund?
A: You can track your investments through their website, mobile app, or by receiving account statements via email.
Q: What is the process for switching between funds in Aditya Birla Sun Life Mutual Fund?
A: You can switch between funds online through the investor portal or by submitting a switch request form at their branches or authorized distributors.
5. Nippon India Mutual Fund
Q: What was Nippon India Mutual Fund previously known as?
A: It was previously known as Reliance Mutual Fund.
Q: How can I start investing in Nippon India Mutual Fund?
A: You can start investing online through their website, mobile app, or by visiting their branches or authorized distributors.
Q: What is the minimum SIP amount for Nippon India Mutual Fund?
A: The minimum SIP amount typically starts from ₹100.
6. Axis Mutual Fund
Q: What are some of the flagship funds of Axis Mutual Fund?
A: Axis Bluechip Fund and Axis Long Term Equity Fund are some of the flagship funds.
Q: How can I start a SIP in Axis Mutual Fund?
A: You can start a SIP online through their website or app, or by visiting their branches or authorized distributors.
Q: What are the tax benefits of investing in Axis Long Term Equity Fund?
A: Investments in Axis Long Term Equity Fund (ELSS) are eligible for tax deductions under Section 80C of the Income Tax Act.
7. Kotak Mahindra Mutual Fund
Q: What types of funds does Kotak Mahindra Mutual Fund offer?
A: Kotak Mahindra Mutual Fund offers equity, debt, hybrid, ELSS, and ETFs.
Q: How can I invest in Kotak Mahindra Mutual Fund?
A: You can invest through their website, mobile app, authorized distributors, or directly at Kotak Mahindra Bank branches.
Q: What is the process for redeeming investments in Kotak Mahindra Mutual Fund?
A: You can redeem online through their website or app, or by submitting a redemption request form at their branches or authorized distributors.
8. UTI Mutual Fund
Q: What is the history of UTI Mutual Fund?
A: UTI Mutual Fund is one of the oldest mutual fund companies in India, established in 1963.
Q: How can I invest in UTI Mutual Fund?
A: You can invest through their website, mobile app, authorized distributors, or directly at UTI branches.
Q: What are the benefits of investing in UTI Nifty Index Fund?
A: UTI Nifty Index Fund aims to replicate the performance of the Nifty 50 Index, providing diversified exposure to the top 50 companies in India.
9. Franklin Templeton Mutual Fund
Q: What types of funds does Franklin Templeton Mutual Fund offer?
A: Franklin Templeton Mutual Fund offers equity, debt, hybrid, and ELSS funds.
Q: How can I invest in Franklin Templeton Mutual Fund?
A: You can invest through their website, mobile app, authorized distributors, or directly at Franklin Templeton branches.
Q: What are the key benefits of Franklin India Bluechip Fund?
A: Franklin India Bluechip Fund invests in large-cap companies with a focus on long-term capital appreciation.
10. DSP Mutual Fund
Q: What types of funds does DSP Mutual Fund offer?
A: DSP Mutual Fund offers equity, debt, hybrid, ELSS, and ETFs.
Q: How can I start a SIP in DSP Mutual Fund?
A: You can start a SIP online through their website or app, or by visiting their branches or authorized distributors.
Q: What are the key features of DSP BlackRock Equity Fund?
A: DSP BlackRock Equity Fund is a diversified equity fund aiming for long-term capital growth by investing in companies across various sectors.
