The Mutual Fund Industry in India has contributed to one of the important roles in the economic development in the country for many years. In recent years there has been a substantial increase in investments. But in the last few years, this industry has been booming. When investors look for a good platform for investment, they often believe that choosing a popular brand will give good profits. But that’s not always true.
The performance of funds depends on multiple things like the expertise of their fund managers, the size of the fund house, past performances, started funds, and many more. Here, we will see some top 12 Mutual Fund Companies in India.
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Top 12 Mutual Fund Companies in India
Here is the list of Best Mutual Fund Companies in India
1. Aditya Birla Sun Life Mutual Fund
Aditya Birla Mutual Fund was founded in 1994, with the partnership of Aditya Birla Capital Ltd. and Sun Life AMC Investments, and Canadian financial services company. The fund boasts an Assets Under Management (AUM) of ₹2,61,547 crore.
What distinguishes this fund house is its commitment to innovation and investor prosperity. The best part of their innovation is they consistently introduce innovative solutions that align with the evolving requirements of investors. Due to its strong track record, it is one of the best choices for many people.
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2. IDFC Mutual Fund
This mutual fund was founded in 2000. The company manages assets of more than ₹1,17,110 crore. The company goes basic fund management. Apart from this the company also helps their customers in educating complexities of mutual funds.
The platform offers multiple types of funds which help investors to explore various market segments.
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3. Axis Mutual Fund
Axis Mutual Fund was founded in 2009, with Assets Under Management (AUM) of ₹2,28,261 crore. The best part of mutual funds is they have transparency in fund management and also have a commitment to deliver the best service to the investors.
The company offers a wide range of funds tailored to different financial goals, making it the best choice for investors.
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4. Mirae Asset
Mirae Asset is one of the globally recognized mutual fund platforms. The platform is known for its disciplined investment approach and a smart investment decision for long-term growth.
The company has earned the trust of millions of investors by offering numbers of funds according to their goals. The company manages more than ₹1,40,445 crore of funds.
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Navi Mutual Funds are managed by Navi AMC Limited, and Navi Trustee Limited serves as the trustee. Beyond Navi AMC, Navi offers a wide range of financial services and products, including Personal Loans, Home Loans, two-wheeler vehicle Loans, SME Business Loans, and General Insurance.
Navi Mutual Fund offers a wide array of investment options – from a range of low-cost index funds to ELSS funds among other investment options across sectors, market caps and geographies to help investors meet their unique financial goals.
6. Kotak Mahindra Mutual Fund
Kotak Mahindra Mutual Fund was founded in 1998. It is one of the first mutual fund companies that offer a special gilt fund for government securities. The company handles investments worth ₹2,84,284 crore and also focuses on research.
Their research-driven helps in making smart investment decisions, leading to strong performance over the years. The company offers a wide range of options for investors who are looking for both growth and stability.
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7. SBI Mutual Fund
SBI Mutual Fund was one of the top players in the mutual fund. It was founded on June 29, 1987. The company is earning more than ₹7,02,166 crore.
Having a long history, SBI Mutual Fund has not only secured investors but consistently provided returns that exceed expectations. The platform offers a wide range of investment options for varying risk levels and financial goals of investors.
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8. LIC Mutual Fund
LIC Mutual Fund was established on 20th April 1989 by LIC of India. Being an associate company of India’s premier and most trusted brand, LIC Mutual Fund is one of the well known players in the asset management sphere.
LIC Mutual Fund offers a range of Mutual Funds Schemes & Plans. Invest in Top-performing Funds Online to grow your wealth securely. LIC Mutual Fund provides investors with about 26 different schemes catering to investors of varied risk appetites.
9. Nippon India Mutual Fund
Reliance Mutual Fund formerly known as Nippon India Mutual. It was founded in September 2019. The company manages an investment of ₹2,88,042 crore. This company is well-known for its wide range of funds.
The company is designed for its wide variety of options for investors. The company has built itself as one of the trustworthy partners for investors who are looking for long-term growth.
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10. UTI Mutual Fund
UTI Mutual Fund is one of the biggest mutual platforms. The company manages a large amount of money which is around ₹2,23,698 crore. The company built itself as one of the best places in India’s investment scene.
The company has consistently changed according to its investors. The platform offers a wide range of funds, which cover everything from equity to debt.
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11. HDFC Mutual Fund
HDFC Mutual Fund is one of the biggest mutual fund platforms in India. The company managed an investment of ₹4,37,876 crore. It was founded in 1999 but publicly listed in August 2018. The platform is known for putting its customers first.
The company understands that everyone has different needs, and that’s why they provide several financial plans. Investors can choose according to their choices which types of risk they want and for how long they want to invest.
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12. ICICI Prudential Mutual Fund
ICICI Mutual Fund was founded in 1993. The company has managed more than ₹5,09,896 crore of investment which makes it one of the biggest mutual fund platforms.
It is one of the best choices for the people. The company has a big team of research team. It is known for its managed funds.
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Conclusion
In India, there are several investment opportunities. In India, there are lots of firms through which you can invest. Due to the country’s steady growth through its consistent performance. When you are starting to invest always pick the right investment. To choose the right company go for proper research.
Frequently Asked Questions (FAQs)
What is a Mutual fund company?
A mutual fund company is a platform where people invest money in their diverse portfolios such as stocks, bonds, or other securities.
Are mutual funds safe in India?
Mutual funds come with market risk, but mutual fund company is regulated by the Securities and Exchange Board of India (SEBI) to give protection to their customers.
Which types of Mutual funds are offered by the company?
The company offered multiple types of funds such as Equity Funds, Debt Funds, etc. Â
Which are the Top 12 Mutual Fund Companies in India?
Aditya Birla Sun Life Mutual Fund, IDFC Mutual Fund, Axis Mutual Fund, Mirae Asset, Kotak Mahindra Mutual Fund, SBI Mutual Fund, Nippon India Mutual Fund, UTI Mutual Fund, HDFC Mutual Fund, and ICICI Prudential Mutual Fund are the Top 10 Mutual Fund Companies in India.
