Investing in mutual funds is a popular way for people to grow their money over time. With so many options available, it can be overwhelming to choose the right mutual fund company. To help you make an informed decision, here’s a detailed look at the top 10 mutual fund companies in India:
1. SBI Mutual Fund
SBI Mutual Fund, established in 1987, is one of India’s oldest and most trusted mutual fund houses. It manages a diverse range of funds, including domestic mutual funds and Alternate Investment Funds. SBI MF is known for its investment expertise and strong track record.
2. ICICI Prudential Mutual Fund
Established in 1993, the ICICI Prudential Mutual Fund is a collaborative effort between ICICI Bank and Prudential Plc, a financial services firm situated in the United Kingdom. It is one of the largest asset management companies (AMCs) in India and offers a wide range of investment options to investors.
3. HDFC Mutual Fund
HDFC Mutual Fund, established in 1999, ranks third in terms of Assets Under Management (AUM). It became a publicly listed company in 2018 and has since gained popularity among investors for its rewarding returns and robust fund management practices.
4. Aditya Birla Sun Life Mutual Fund
Aditya Birla Sun Life Mutual Fund, founded in 1994, is a joint venture between Aditya Birla Capital Ltd. and Sun Life AMC Investments, Canada. It is a top choice for investors seeking decent returns on their investments and offers a diverse range of funds to suit different investment objectives.
5. Kotak Mahindra Mutual Fund
Kotak Mahindra Mutual Fund, established in 1998, was the first AMC in India to offer a dedicated gilt fund for government securities. It operates as a wholly-owned subsidiary of Kotak Mahindra Bank and is renowned for its wide range of investment options.
6. Nippon India Mutual Fund
Formerly known as Reliance Mutual Fund, Nippon India Mutual Fund is the largest foreign-owned mutual fund house in India. It was established in 1995 and is currently owned by Japan’s Nippon Life Insurance. Nippon India MF offers a diverse range of investment solutions to meet the needs of investors.
7. Axis Mutual Fund
Axis Mutual Fund, incorporated in 2009, is a joint venture between Axis Bank and Schroder Singapore Holdings Private Ltd. It is one of the most renowned mutual fund houses in India and offers a wide range of investment options to investors.
8. UTI Mutual Fund
UTI Mutual Fund, registered with SEBI in 2003, is one of the oldest mutual fund houses in India. It offers decent returns on investments and is known for its strong track record in fund management.
9. IDFC Mutual Fund
Established in 2000, IDFC Mutual Fund is promoted by IDFC Ltd., a leading finance company in India. It offers a range of investment solutions for investors looking to grow their wealth over the long term.
10. DSP Mutual Fund
DSP Mutual Fund, formerly known as DSP Blackrock Mutual Fund, was formed in a joint venture with BlackRock in 2008. It offers a wide range of investment options and is known for its strong focus on delivering value to investors.
Investing in mutual funds can help you achieve your financial goals and secure your future. With the wide range of options available from these top mutual fund companies in India, you can find the right investment solution to meet your needs and objectives.