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Introduction: A Beginner’s Guide to Mutual Funds in India.
Mutual funds have gained immense popularity among Indian investors in recent years. They offer a simple and convenient way to invest in a diversified portfolio of stocks, bonds, or other securities. If you’re new to the world of investing or looking to expand your investment portfolio, mutual funds can be an excellent choice. In this guide, we’ll walk you through the basics of mutual funds in India.
What is a Mutual Fund?
A mutual fund is a professionally managed investment vehicle that pools money from multiple investors and invests it in a diversified portfolio of stocks, bonds, or other securities. These funds are managed by experienced fund managers, who make investment decisions on behalf of investors.
Types of Mutual Funds:
- Equity Mutual Funds: These funds primarily invest in stocks. They are suitable for investors with a higher risk tolerance and a long-term investment horizon.
- Debt Mutual Funds: Debt funds invest in fixed-income securities like government bonds, corporate bonds, and money market instruments. They are considered less risky compared to equity funds.
- Hybrid Mutual Funds: Also known as balanced funds, these invest in a mix of both stocks and bonds to provide a balance between risk and returns.
- Liquid Mutual Funds: These funds invest in highly liquid and low-risk instruments like treasury bills and certificates of deposit. They are ideal for short-term investments.
- Tax-Saving Mutual Funds (ELSS): ELSS funds offer tax benefits under Section 80C of the Income Tax Act while providing exposure to equities. They come with a lock-in period of three years.
Top Ten Mutual Fund Companies in India
When it comes to investing in mutual funds, choosing the right fund house is crucial for the success of your investment journey. India’s mutual fund industry has witnessed significant growth in recent years, and several fund houses offer a wide range of options for investors. In this blog post, we’ll take a closer look at the top ten mutual fund companies in India based on their reputation, performance, and assets under management (AUM).
1. HDFC Mutual Fund:
HDFC provides mutual fund services through its subsidiary HDFC Asset Management accountingy Limited.HDFC Mutual Fund is one of the largest and most well-known mutual fund companies in India. They offer a wide range of funds across various asset classes and investment themes.for any inquiry about HDFC mutual funds you can visit to there official site on https://www.hdfcfund.com/.
- Description: HDFC Mutual Fund is one of India’s leading asset management companies, known for its diverse range of investment options, including equity, debt, and hybrid funds. They are recognized for their strong research capabilities and customer-centric approach.
- AUM (Approximate): Over ₹5.4 trillion.
2.ICICI Mutual Fund OR ICICI Prudential Mutual Fund
ICICI Prudential is a trusted name in the Indian mutual fund industry. They offer a diverse portfolio of funds catering to different risk profiles and investment objectives.ICICI Prudential Mutual Fund is an Indian asset management company founded in 1993 as a joint venture between ICICI BANK and PRUDENTIAL PLC.ICICI Prudential Mutual Fund’s corporate headquarters are in the Bkc in Mumbai.
- Description: ICICI Prudential Mutual Fund is a trusted name in the Indian mutual fund industry. They offer a wide array of funds catering to various risk profiles and investment objectives, along with robust customer support.
- AUM (Approximate): Over ₹5.4 trillion.
3. SBI Mutual Fund
SBI Mutual Fund, managed by the State Bank of India, is among the oldest and most reputable mutual fund companies in India. They offer a variety of equity, debt, and hybrid funds.SBI Mutual Fund was incorporated in 1987 with its corporate head office located in Mumbai, India.
- Description: SBI Mutual Fund, managed by the State Bank of India, is one of the oldest and most reputable mutual fund companies in India. They provide a comprehensive suite of funds, including equity, debt, and hybrid options.
- AUM (Approximate): Over ₹5.3 trillion.
4. Aditya Birla Sun Life Mutual Fund or Aditya Birla Sun Life Asset Management
Aditya Birla Sun Life is known for its strong research and fund management capabilities. They offer a comprehensive range of mutual funds to suit various investment needs.Aditya Birla Sun Life Asset Management Company Ltd. (ABSLAMC), formerly known as Birla Sun Life Asset Management Company Limited, is an investment managing company registered under the SEBI. It is a joint venture between the ADITYA BIRLA CAPITAL of India and the SUN LIFE FINANCIAL INC of Canada. The company offers sector-specific equity schemes, fund of fund schemes, hybrid and monthly income funds, debt and treasury products and offshore funds.
- Description: Aditya Birla Sun Life Mutual Fund is known for its strong research and fund management capabilities. They offer a wide range of mutual funds tailored to different risk appetites and investment goals.
- AUM (Approximate): Over ₹2.9 trillion.
5. Nippon India Mutual Fund (formerly Reliance Mutual Fund)
Reliance Mutual Fund was a prominent player in the industry, and it has now been rebranded as Nippon India Mutual Fund after a change in ownership. They offer a wide array of mutual fund options.
- Description: Nippon India Mutual Fund, previously known as Reliance Mutual Fund, offers a diverse portfolio of funds across asset classes. They are recognized for their innovation and customer-centric approach.
- AUM (Approximate): Over ₹2.5 trillion.
6.Kotak Mahindra Mutual Fund
Kotak Mahindra Mutual Fund is known for its innovation and customer-focused approach. They provide a diverse set of investment solutions for investors.Kotak Mutual Fund is a wholly-owned subsidiary of Kotak Mahindra Bank Limited, and was established in December 1998. In December 2020, it became the first Indian Mutual House to launch the Global REIT Fund of Fund.
- Description: Kotak Mahindra Mutual Fund is known for its innovative investment strategies and customer-focused services. They provide a range of mutual funds designed to meet different financial goals.
- AUM (Approximate): Over ₹2.4 trillion.
7.Axis Mutual Fund
Axis Mutual Fund has gained popularity for its consistently strong performance and well-managed funds. They offer equity, debt, and hybrid funds.Axis Mutual Fund is an Indian Asset management company. It was established in the year 2009 and has its headquarters in Mumbai.Axis Mutual Fund started its operations in 2009 with its first equity scheme, Axis Equity Fund.
- Description: Axis Mutual Fund is acclaimed for its consistent fund performance and well-managed investment options. They offer a variety of equity, debt, and hybrid funds.
- AUM (Approximate): Over ₹2.3 trillion.
8. UTI Mutual Fund or UTI Asset Management
UTI Mutual Fund, formerly known as Unit Trust of India, has been a pioneer in the Indian mutual fund industry. They offer a wide range of funds and have a strong distribution network.UTI Mutual Fund is the oldest and one of the largest mutual funds in India with over 10 million investor accounts under its 230 domestic schemes/plans as of September 2017.UTI Mutual Fund was carved out of the erstwhile Unit Trust of India (UTI) as a Securities and Exchange Board of India (SEBI) registered Mutual Fund from 1 February 2003.
- Description: UTI Mutual Fund, formerly Unit Trust of India, has a rich history as a pioneer in the Indian mutual fund industry. They provide a diverse range of funds and have a widespread distribution network.
- AUM (as of September 2021): Approximately ₹2.24 trillion.
9. Franklin Templeton Mutual Fund
Franklin Templeton Mutual Fund is renowned for its expertise in debt funds. They have a strong track record in managing fixed-income investments and offer a variety of other fund options as well.
- Description: Franklin Templeton Mutual Fund is known for its expertise in debt funds and other asset classes. They have a strong track record in managing fixed-income investments.
- AUM (as of September 2021): Approximately ₹1.27 trillion.
10. DSP Mutual Fund
DSP Mutual Fund is known for its consistent performance and investor-focused approach. They offer a range of equity, debt, and hybrid funds designed to cater to diverse investor needs.
- Description: DSP Mutual Fund is recognized for its consistent performance and investor-focused approach. They offer a range of equity, debt, and hybrid funds designed to cater to diverse investor needs.
- AUM (as of September 2021): Approximately ₹1.47 trillion.
11. TATA MUTUAL FUND
Tata Mutual Fund is one of the prominent mutual fund companies in India. It is part of the Tata Group, a well-known and respected conglomerate with diverse business interests. Tata Mutual Fund offers a wide range of mutual fund schemes to cater to the various investment needs and risk appetites of investors.Tata Mutual Fund was established in 1994 and is one of the oldest mutual fund houses in India.
What is Mutual Fund Calculator ?
A mutual fund calculator is a financial tool or online calculator that helps investors estimate various aspects of their mutual fund investments. These calculators are typically available on financial websites or as mobile apps and can be used to perform a variety of calculations related to mutual funds
Conclusion
Choosing the right mutual fund company is crucial for building a successful investment portfolio. These top 10 Indian mutual fund companies have consistently delivered value to their investors through a mix of expertise, innovation, and customer-centricity. However, it’s important to remember that past performance is not indicative of future results, and investors should conduct thorough research and consider their financial goals and risk tolerance before investing in any mutual fund. Consulting with a financial advisor can also help in making informed investment decisions.
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