Top 10 Mutual Fund Companies in India: Discover the leading mutual fund houses in India, including HDFC, SBI, ICICI Prudential, and more. Explore detailed insights into their founding years, AUM, key schemes, and headquarters. Learn about their key achievements and why they stand out in the mutual fund industry. Additionally, get answers to common FAQs about mutual funds, their benefits, risks, and investment options, making it easier to choose the right mutual fund company for your investment needs.
Top 10 Mutual Fund Companies in India
Table of Contents
1. HDFC Mutual Fund
HDFC Mutual Fund – Top 10 Mutual Fund Companies in India
| Aspect | Details |
|---|---|
| Founded | 2000 |
| AUM (2023) | ₹4.5 lakh crore |
| Key Schemes | HDFC Top 100 Fund, HDFC Balanced Advantage Fund |
| Headquarters | Mumbai |
| Website | HDFC Mutual Fund |
HDFC Mutual Fund – Top 10 Mutual Fund Companies in India
Description: HDFC Mutual Fund is one of the largest mutual fund houses in India, known for its wide range of equity, debt, and hybrid schemes. It has consistently delivered robust returns and has a strong distribution network across the country.
Key Achievements:
- Consistently ranked among the top fund houses in terms of AUM.
- Multiple awards for fund performance.
- Strong investor base with high customer satisfaction.
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2. SBI Mutual Fund
| Aspect | Details |
|---|---|
| Founded | 1987 |
| AUM (2023) | ₹5.5 lakh crore |
| Key Schemes | SBI Bluechip Fund, SBI Equity Hybrid Fund |
| Headquarters | Mumbai |
| Website | SBI Mutual Fund |
SBI Mutual Fund – Top 10 Mutual Fund Companies in India
Description: SBI Mutual Fund, a subsidiary of the State Bank of India, is renowned for its strong presence in the Indian market and a diverse portfolio of mutual fund schemes catering to all types of investors.
Key Achievements:
- Leading mutual fund in terms of AUM.
- Extensive distribution network leveraging SBI’s branches.
- Numerous awards for its equity and debt schemes.
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3. ICICI Prudential Mutual Fund
| Aspect | Details |
|---|---|
| Founded | 1993 |
| AUM (2023) | ₹4.7 lakh crore |
| Key Schemes | ICICI Prudential Bluechip Fund, ICICI Prudential Balanced Advantage Fund |
| Headquarters | Mumbai |
| Website | ICICI Prudential Mutual Fund |
ICICI Prudential Mutual Fund – Top 10 Mutual Fund Companies in India
Description: ICICI Prudential Mutual Fund is a joint venture between ICICI Bank and Prudential Plc, offering a comprehensive range of mutual fund products including equity, debt, and hybrid funds.
Key Achievements:
- Awarded for best fund performance multiple times.
- Strong research team and investment process.
- Wide investor base with innovative fund offerings.
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4. Aditya Birla Sun Life Mutual Fund
Aditya Birla Sun Life Mutual Fund – Top 10 Mutual Fund Companies in India
| Aspect | Details |
|---|---|
| Founded | 1994 |
| AUM (2023) | ₹3.6 lakh crore |
| Key Schemes | ABSL Frontline Equity Fund, ABSL Balanced Advantage Fund |
| Headquarters | Mumbai |
| Website | Aditya Birla Sun Life Mutual Fund |
Aditya Birla Sun Life Mutual Fund – Top 10 Mutual Fund Companies in India
Description: Aditya Birla Sun Life Mutual Fund is a prominent player in the Indian mutual fund industry, offering a diverse range of investment options including equity, debt, and hybrid funds.
Key Achievements:
- Recognized for consistent performance in equity and debt funds.
- Strong distribution network and customer service.
- Multiple awards for investor education initiatives.
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5. Nippon India Mutual Fund
Nippon India Mutual Fund – Top 10 Mutual Fund Companies in India
| Aspect | Details |
|---|---|
| Founded | 1995 |
| AUM (2023) | ₹2.7 lakh crore |
| Key Schemes | Nippon India Large Cap Fund, Nippon India Balanced Advantage Fund |
| Headquarters | Mumbai |
| Website | Nippon India Mutual Fund |
Nippon India Mutual Fund – Top 10 Mutual Fund Companies in India
Description: Nippon India Mutual Fund, formerly known as Reliance Mutual Fund, is known for its robust fund performance and a wide array of investment products catering to various investor needs.
Key Achievements:
- Leading mutual fund in investor education.
- Multiple awards for fund performance.
- Extensive investor base and distribution network.
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6. Kotak Mahindra Mutual Fund
Kotak Mahindra Mutual Fund – Top 10 Mutual Fund Companies in India
| Aspect | Details |
|---|---|
| Founded | 1998 |
| AUM (2023) | ₹2.4 lakh crore |
| Key Schemes | Kotak Standard Multicap Fund, Kotak Balanced Advantage Fund |
| Headquarters | Mumbai |
| Website | Kotak Mahindra Mutual Fund |
Kotak Mahindra Mutual Fund – Top 10 Mutual Fund Companies in India
Description: Kotak Mahindra Mutual Fund is part of the Kotak Mahindra Group, offering a range of mutual fund products including equity, debt, and hybrid funds known for their consistent performance.
Key Achievements:
- Strong performance in equity and debt segments.
- Awarded for best customer service and fund management.
- Large and growing investor base.
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7. Axis Mutual Fund
Axis Mutual Fund – Top 10 Mutual Fund Companies in India
| Aspect | Details |
|---|---|
| Founded | 2009 |
| AUM (2023) | ₹2.3 lakh crore |
| Key Schemes | Axis Bluechip Fund, Axis Long Term Equity Fund |
| Headquarters | Mumbai |
| Website | Axis Mutual Fund |
Axis Mutual Fund – Top 10 Mutual Fund Companies in India
Description: Axis Mutual Fund has quickly risen to prominence with its strong performance in equity funds and customer-centric approach, making it one of the most trusted fund houses in India.
Key Achievements:
- Awarded for best fund performance in equity.
- Rapid growth in AUM and investor base.
- Strong focus on investor education and awareness.
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8. UTI Mutual Fund
UTI Mutual Fund – Top 10 Mutual Fund Companies in India
| Aspect | Details |
|---|---|
| Founded | 1963 |
| AUM (2023) | ₹2.2 lakh crore |
| Key Schemes | UTI Equity Fund, UTI Nifty Index Fund |
| Headquarters | Mumbai |
| Website | UTI Mutual Fund |
UTI Mutual Fund – Top 10 Mutual Fund Companies in India
Description: UTI Mutual Fund is one of the oldest and most respected mutual fund houses in India, offering a wide range of investment options and known for its strong fund performance and customer service.
Key Achievements:
- Pioneer in the Indian mutual fund industry.
- Multiple awards for innovation in fund management.
- Extensive network and strong customer loyalty.
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9. Franklin Templeton Mutual Fund
Franklin Templeton Mutual Fund – Top 10 Mutual Fund Companies in India
| Aspect | Details |
|---|---|
| Founded | 1996 |
| AUM (2023) | ₹1.4 lakh crore |
| Key Schemes | Franklin India Bluechip Fund, Franklin India Prima Fund |
| Headquarters | Hyderabad |
| Website | Franklin Templeton Mutual Fund |
Franklin Templeton Mutual Fund – Top 10 Mutual Fund Companies in India
Description: Franklin Templeton Mutual Fund is a global investment management firm with a strong presence in India, known for its research-driven approach and consistent fund performance.
Key Achievements:
- Strong track record in equity and debt funds.
- Awarded for best research and fund management.
- Large and diverse investor base.
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10. DSP Mutual Fund
DSP Mutual Fund – Top 10 Mutual Fund Companies in India
| Aspect | Details |
|---|---|
| Founded | 1996 |
| AUM (2023) | ₹1.1 lakh crore |
| Key Schemes | DSP Equity Fund, DSP Tax Saver Fund |
| Headquarters | Mumbai |
| Website | DSP Mutual Fund |
DSP Mutual Fund – Top 10 Mutual Fund Companies in India
Description: DSP Mutual Fund is a well-regarded player in the Indian mutual fund industry, offering a variety of equity, debt, and hybrid funds known for their consistent performance and investor-centric approach.
Key Achievements:
- Recognized for excellence in fund management.
- Strong performance in equity and tax-saving funds.
- Focus on investor education and transparency.
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FAQs on Top 10 Mutual Fund Companies in India
1. What are mutual funds?
Mutual funds are investment vehicles that pool money from multiple investors to invest in a diversified portfolio of stocks, bonds, or other securities. They are managed by professional fund managers who aim to generate returns for investors based on the fund’s investment objectives.
2. How do mutual funds work?
Investors buy units of a mutual fund, and the pooled money is used to purchase a diversified portfolio of securities. The fund’s performance is reflected in the Net Asset Value (NAV) of the units, which fluctuates based on the market value of the underlying assets.
3. What are the different types of mutual funds?
Mutual funds can be broadly categorized into equity funds, debt funds, hybrid funds, and money market funds. Equity funds invest in stocks, debt funds invest in fixed-income securities, hybrid funds invest in a mix of equity and debt, and money market funds invest in short-term instruments.
4. How can I invest in mutual funds?
You can invest in mutual funds through various channels such as mutual fund companies’ websites, financial advisors, banks, and online investment platforms. It is important to research and choose funds that align with your investment goals and risk tolerance.
5. What are the benefits of investing in mutual funds?
Mutual funds offer diversification, professional management, liquidity, and convenience. They allow investors to access a broad range of securities and benefit from the expertise of fund managers without requiring significant capital or time for research.
6. What are the risks associated with mutual funds?
The main risks include market risk, credit risk, interest rate risk, and liquidity risk. Mutual funds are subject to fluctuations in the value of their underlying assets, and investors may experience losses if the market performs poorly or if the fund’s investments do not perform as expected.
7. What is SIP in mutual funds?
A Systematic Investment Plan (SIP) allows investors to invest a fixed amount regularly (e.g., monthly) in a mutual fund scheme. SIPs help inculcate disciplined investing, average out purchase costs, and benefit from the power of compounding over the long term.
8. How are mutual fund returns taxed in India?
Mutual fund returns are subject to capital gains tax. Equity funds are taxed at 15% for short-term capital gains (holding period less than 1 year) and 10% for long-term capital gains (holding period more than 1 year) above ₹1 lakh. Debt funds are taxed based on the investor’s income tax slab for short-term gains and 20% with indexation for long-term gains.
9. Can NRIs invest in mutual funds in India?
Yes, Non-Resident Indians (NRIs) can invest in mutual funds in India, subject to certain regulatory requirements
. They need to comply with KYC norms and can invest through NRE/NRO accounts. Tax implications and repatriation rules may vary based on the type of account and the investor’s country of residence.
10. How can I track the performance of my mutual fund investments?
Investors can track the performance of their mutual fund investments through various means such as fund fact sheets, NAV updates, investment account statements, and online portfolio tracking tools. Regularly reviewing the fund’s performance and comparing it with benchmarks and peer funds can help investors make informed decisions.
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