Top 10 mutual fund companies in India, including SBI Mutual Fund, HDFC Mutual Fund, and ICICI Prudential Mutual Fund. Learn about their founders, year founded, location, assets under management, and more. Get insights into how to choose the right mutual fund and understand the benefits and risks of mutual fund investments.
Table of Contents
1. SBI Mutual Fund
SBI Mutual Fund, a subsidiary of the State Bank of India, is one of the most trusted and largest mutual fund companies in India. With a strong presence in the market, it offers a diverse range of mutual fund schemes catering to different investment needs. It has garnered a reputation for its robust performance and consistent returns over the years.
| Attribute | Detail |
|---|---|
| Founder | State Bank of India |
| Year Founded | 1987 |
| Location | Mumbai, Maharashtra |
| CEO | Vinay M. Tonse |
| AUM | ₹6.83 trillion (as of 2023) |
| Number of Schemes | Over 140 |
| Website | SBI Mutual Fund |
2. HDFC Mutual Fund
HDFC Mutual Fund is another top mutual fund house in India, known for its strong performance and customer-centric approach. It is a joint venture between Housing Development Finance Corporation Limited (HDFC) and Standard Life Investments Limited. The company offers a wide range of mutual fund schemes across various categories, ensuring investors have numerous options to choose from.
| Attribute | Detail |
|---|---|
| Founder | HDFC and Standard Life |
| Year Founded | 1999 |
| Location | Mumbai, Maharashtra |
| CEO | Navneet Munot |
| AUM | ₹4.5 trillion (as of 2023) |
| Number of Schemes | Over 130 |
| Website | HDFC Mutual Fund |
3. ICICI Prudential Mutual Fund
ICICI Prudential Mutual Fund is a leading mutual fund house in India, formed through a joint venture between ICICI Bank and Prudential Plc. It is known for its innovative investment solutions and extensive distribution network. The company offers a comprehensive range of mutual fund products to cater to various investment needs.
| Attribute | Detail |
|---|---|
| Founder | ICICI Bank and Prudential Plc |
| Year Founded | 1993 |
| Location | Mumbai, Maharashtra |
| CEO | Nimesh Shah |
| AUM | ₹4.3 trillion (as of 2023) |
| Number of Schemes | Over 170 |
| Website | ICICI Prudential Mutual Fund |
4. Aditya Birla Sun Life Mutual Fund
Aditya Birla Sun Life Mutual Fund is a prominent player in the Indian mutual fund industry, a joint venture between Aditya Birla Group and Sun Life Financial Inc. The company has a diversified portfolio of schemes catering to different risk appetites and investment horizons, making it a preferred choice among investors.
| Attribute | Detail |
|---|---|
| Founder | Aditya Birla Group and Sun Life Financial Inc. |
| Year Founded | 1994 |
| Location | Mumbai, Maharashtra |
| CEO | A. Balasubramanian |
| AUM | ₹3.3 trillion (as of 2023) |
| Number of Schemes | Over 120 |
| Website | Aditya Birla Sun Life Mutual Fund |
5. Nippon India Mutual Fund
Nippon India Mutual Fund, formerly known as Reliance Mutual Fund, is a renowned mutual fund company in India. It is a part of Nippon Life Insurance Company and offers a wide range of mutual fund schemes across equity, debt, and hybrid categories. The company is known for its strong research capabilities and robust fund management practices.
| Attribute | Detail |
|---|---|
| Founder | Reliance Group (rebranded by Nippon Life) |
| Year Founded | 1995 |
| Location | Mumbai, Maharashtra |
| CEO | Sundeep Sikka |
| AUM | ₹2.9 trillion (as of 2023) |
| Number of Schemes | Over 100 |
| Website | Nippon India Mutual Fund |
6. Axis Mutual Fund
Axis Mutual Fund is a prominent mutual fund house in India, sponsored by Axis Bank. It has gained significant popularity for its strong performance and customer-centric approach. The company offers a range of mutual fund schemes across various categories, providing investors with diverse investment options.
| Attribute | Detail |
|---|---|
| Founder | Axis Bank |
| Year Founded | 2009 |
| Location | Mumbai, Maharashtra |
| CEO | B. Gopkumar |
| AUM | ₹2.4 trillion (as of 2023) |
| Number of Schemes | Over 70 |
| Website | Axis Mutual Fund |
7. Kotak Mahindra Mutual Fund
Kotak Mahindra Mutual Fund is a well-known mutual fund house in India, sponsored by Kotak Mahindra Bank. It offers a wide range of mutual fund schemes across equity, debt, and hybrid categories. The company is known for its strong research capabilities and disciplined investment approach.
| Attribute | Detail |
|---|---|
| Founder | Kotak Mahindra Bank |
| Year Founded | 1998 |
| Location | Mumbai, Maharashtra |
| CEO | Nilesh Shah |
| AUM | ₹2.3 trillion (as of 2023) |
| Number of Schemes | Over 90 |
| Website | Kotak Mahindra Mutual Fund |
8. UTI Mutual Fund
UTI Mutual Fund, one of the oldest mutual fund houses in India, has a rich legacy and a strong track record of performance. It offers a diverse range of mutual fund schemes catering to different investment needs. The company is known for its disciplined investment approach and robust risk management practices.
| Attribute | Detail |
|---|---|
| Founder | Unit Trust of India |
| Year Founded | 1963 |
| Location | Mumbai, Maharashtra |
| CEO | Imtaiyazur Rahman |
| AUM | ₹2.2 trillion (as of 2023) |
| Number of Schemes | Over 100 |
| Website | UTI Mutual Fund |
9. Franklin Templeton Mutual Fund
Franklin Templeton Mutual Fund is a global asset management company with a strong presence in India. It offers a wide range of mutual fund schemes across equity, debt, and hybrid categories. The company is known for its robust research capabilities and disciplined investment approach.
| Attribute | Detail |
|---|---|
| Founder | Franklin Templeton Investments |
| Year Founded | 1996 |
| Location | Mumbai, Maharashtra |
| CEO | Sanjay Sapre |
| AUM | ₹1.3 trillion (as of 2023) |
| Number of Schemes | Over 80 |
| Website | Franklin Templeton Mutual Fund |
10. DSP Mutual Fund
DSP Mutual Fund is a leading mutual fund house in India, sponsored by DSP Group. It offers a range of mutual fund schemes across various categories, providing investors with diverse investment options. The company is known for its strong research capabilities and disciplined investment approach.
| Attribute | Detail |
|---|---|
| Founder | DSP Group |
| Year Founded | 1996 |
| Location | Mumbai, Maharashtra |
| CEO | Kalpen Parekh |
| AUM | ₹1.2 trillion (as of 2023) |
| Number of Schemes | Over 50 |
| Website | DSP Mutual Fund |
FAQs on Top 10 Mutual Fund Companies in India:
1. What is a mutual fund?
A mutual fund is an investment vehicle that pools money from multiple investors to invest in securities like stocks, bonds, and other assets. It is managed by professional fund managers who aim to achieve specific investment objectives.
2. How do I choose the right mutual fund?
Choosing the right mutual fund depends on your financial goals, risk tolerance, investment horizon, and other factors. It’s important to research and compare different funds, considering their past performance, fund manager expertise, and expense ratios.
3. What are the benefits of investing in mutual funds?
Mutual funds offer several benefits, including diversification, professional management, liquidity, and convenience. They allow investors to access a wide range of securities with a relatively small investment.
4. Are mutual funds safe investments?
While mutual funds offer diversification, they are not entirely risk-free. The level of risk varies depending on the type of fund and the underlying assets. It’s important to understand the risks associated with different mutual fund categories.
5. How can I invest in mutual funds?
You can invest in mutual funds through various channels, including online platforms, banks, financial advisors, and directly with the fund house. It’s essential to complete the necessary documentation and KYC (Know Your Customer) formalities.
Conclusion:
Investing in mutual funds can be a smart way to grow your wealth and achieve your financial goals. The top 10 mutual fund companies in India, including SBI Mutual Fund, HDFC Mutual Fund, and ICICI Prudential Mutual Fund, offer a diverse range of schemes to cater to different investment needs. By researching and understanding the offerings of these top fund houses, investors can make informed decisions and build a robust investment portfolio.
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