Top 10 Mutual Fund Companies in India
Explore the top 10 mutual fund companies in India, featuring expert insights on performance, reliability, and investment options. Choose wisely for your financial goals.
Investing in mutual funds has become increasingly popular in India, offering investors a diversified and professionally managed approach to wealth creation. With numerous mutual fund companies vying for attention, it’s crucial to understand which ones stand out in terms of performance, reliability, and customer satisfaction. Here’s a comprehensive guide to the top 10 mutual fund companies in India that you should consider for your investment portfolio.
Table of Contents
1. HDFC Mutual Fund
HDFC Mutual Fund, established in 2000, is one of India’s largest mutual fund houses with over ₹5.41 lakh crore in assets under management (as of March 2023). It offers a diverse range of over 300 schemes across equity, debt, and hybrid categories. HDFC MF is known for its consistent performance, robust research capabilities, and customer-centric approach.
| Key Information | Details |
|---|---|
| Founded | 2000 |
| Total Assets Under Management | Over ₹5.41 lakh crore (as of March 2023) |
| Number of Schemes | Over 300 |
| Popular Funds | HDFC Equity Fund, HDFC Balanced Advantage Fund, HDFC Liquid Fund |
| Website | HDFC Mutual Fund |
| Customer Service Number | 1800-3010-6767 |
HDFC Mutual Fund is one of India’s largest and most trusted fund houses, known for its robust performance across equity, debt, and hybrid funds. With a strong track record of delivering consistent returns, HDFC MF offers a wide range of investment options tailored to different risk appetites.
2. ICICI Prudential Mutual Fund
ICICI Prudential Mutual Fund, founded in 1993, manages assets worth over ₹5.25 lakh crore (as of March 2023). It offers more than 400 schemes catering to various investor needs, including equity, debt, and hybrid funds. Known for its strong brand reputation, innovative fund offerings, and extensive distribution network, ICICI Prudential MF is a preferred choice for many investors.
| Key Information | Details |
|---|---|
| Founded | 1993 |
| Total Assets Under Management | Over ₹5.25 lakh crore (as of March 2023) |
| Number of Schemes | Over 400 |
| Popular Funds | ICICI Prudential Bluechip Fund, ICICI Prudential Balanced Advantage Fund, ICICI Prudential Liquid Fund |
| Website | ICICI Prudential MF |
| Customer Service Number | 1800-222-999 |
Backed by the credibility of ICICI Bank and Prudential Plc, ICICI Prudential MF is a leader in the mutual fund industry. It offers innovative investment solutions and a diverse portfolio that caters to both retail and institutional investors.
3. SBI Mutual Fund
SBI Mutual Fund, established in 1987, is one of India’s oldest and largest fund houses with assets under management exceeding ₹5.12 lakh crore (as of March 2023). With over 400 schemes, SBI MF offers a wide array of investment options across equity, debt, and hybrid categories. It is renowned for its strong performance track record, transparency, and customer trust.
| Key Information | Details |
|---|---|
| Founded | 1987 |
| Total Assets Under Management | Over ₹5.12 lakh crore (as of March 2023) |
| Number of Schemes | Over 400 |
| Popular Funds | SBI Bluechip Fund, SBI Small Cap Fund, SBI Magnum Multiplier Fund |
| Website | SBI Mutual Fund |
| Customer Service Number | 1800-425-5425 |
As a subsidiary of India’s largest public sector bank, SBI Mutual Fund is renowned for its transparency, integrity, and customer-centric approach. It offers a comprehensive suite of mutual fund products designed to meet various financial goals.
4. Aditya Birla Sun Life Mutual Fund
Aditya Birla Sun Life Mutual Fund, formed in 1994, manages assets of over ₹3.76 lakh crore (as of March 2023). It offers more than 300 schemes, including equity, debt, and hybrid funds. The fund house is known for its strong research-driven approach, innovative fund solutions, and a wide distribution network across India.
| Key Information | Details |
|---|---|
| Founded | 1994 |
| Total Assets Under Management | Over ₹3.76 lakh crore (as of March 2023) |
| Number of Schemes | Over 300 |
| Popular Funds | Aditya Birla Sun Life Frontline Equity Fund, Aditya Birla Sun Life Liquid Fund, Aditya Birla Sun Life Tax Relief 96 |
| Website | Aditya Birla Sun Life MF |
| Customer Service Number | 1800-270-7000 |
Aditya Birla Sun Life MF combines the expertise of Aditya Birla Group and Sun Life Financial Inc. (Canada), offering a wide spectrum of investment options across equity, debt, and balanced funds. It is known for its strong research-driven approach and customer service.
5. Reliance Mutual Fund
Reliance Mutual Fund, established in 1995, manages assets exceeding ₹3.18 lakh crore (as of March 2023). It offers over 200 schemes focusing on equity, debt, and hybrid categories. Reliance MF is celebrated for its robust investment strategies, innovative product offerings, and strong customer support.
| Key Information | Details |
|---|---|
| Founded | 1995 |
| Total Assets Under Management | Over ₹3.18 lakh crore (as of March 2023) |
| Number of Schemes | Over 200 |
| Popular Funds | Reliance Small Cap Fund, Reliance Liquid Fund, Reliance Tax Saver Fund |
| Website | Reliance Mutual Fund |
| Customer Service Number | 1800-300-11111 |
A part of Reliance Capital, Reliance Mutual Fund is celebrated for its innovative product offerings and robust investment strategies. It caters to diverse investor needs with a focus on long-term wealth creation.
6. Axis Mutual Fund
Axis Mutual Fund, founded in 2009, manages assets worth over ₹2.78 lakh crore (as of March 2023). With more than 200 schemes, Axis MF provides a range of investment options including equity, debt, and hybrid funds. Known for its disciplined investment approach, customer-centric services, and strong performance, Axis MF is a prominent player in the mutual fund industry.
| Key Information | Details |
|---|---|
| Founded | 2009 |
| Total Assets Under Management | Over ₹2.78 lakh crore (as of March 2023) |
| Number of Schemes | Over 200 |
| Popular Funds | Axis Bluechip Fund, Axis Long Term Equity Fund, Axis Liquid Fund |
| Website | Axis Mutual Fund |
| Customer Service Number | 1800-221-322 |
Axis Mutual Fund has carved a niche for itself with its disciplined investment approach and focus on delivering superior risk-adjusted returns. It offers a range of mutual fund schemes that align with varying investment objectives and risk profiles.
7. Kotak Mahindra Mutual Fund
Kotak Mahindra Mutual Fund, established in 1998, manages assets exceeding ₹2.58 lakh crore (as of March 2023). It offers over 100 schemes across equity, debt, and hybrid categories. Kotak MF is recognized for its robust research capabilities, customer-focused approach, and a diversified product portfolio catering to varying investor needs.
| Key Information | Details |
|---|---|
| Founded | 1998 |
| Total Assets Under Management | Over ₹2.58 lakh crore (as of March 2023) |
| Number of Schemes | Over 100 |
| Popular Funds | Kotak Standard Multicap Fund, Kotak Liquid Fund, Kotak Emerging Equity Fund |
| Website | Kotak Mutual Fund |
| Customer Service Number | 1800-222-626 |
Kotak Mahindra Mutual Fund is known for its strong research capabilities and customer-centric approach. It provides innovative investment solutions across equity, debt, and hybrid categories, ensuring comprehensive financial planning for investors.
8. UTI Mutual Fund
UTI Mutual Fund, established in 1963, manages assets of over ₹2.50 lakh crore (as of March 2023). It offers a wide range of more than 200 schemes including equity, debt, and hybrid funds. UTI MF is known for its strong legacy, trustworthiness, and comprehensive investment solutions designed to meet diverse investor objectives.
| Key Information | Details |
|---|---|
| Founded | 1963 |
| Total Assets Under Management | Over ₹2.50 lakh crore (as of March 2023) |
| Number of Schemes | Over 200 |
| Popular Funds | UTI Equity Fund, UTI Hybrid Equity Fund, UTI Liquid Cash Plan |
| Website | UTI Mutual Fund |
| Customer Service Number | 1800-222-123 |
With a legacy spanning decades, UTI Mutual Fund is one of the oldest and most trusted fund houses in India. It offers a wide range of mutual fund schemes designed to cater to the diverse needs of investors, backed by robust research and risk management practices.
9. Franklin Templeton Mutual Fund
Franklin Templeton Mutual Fund, founded in 1996, manages assets exceeding ₹1.80 lakh crore (as of March 2023). It offers a diverse range of over 100 schemes across equity, debt, and hybrid categories. Franklin Templeton MF is acclaimed for its global expertise in asset management, disciplined investment approach, and investor-friendly fund offerings.
| Key Information | Details |
|---|---|
| Founded | 1996 |
| Total Assets Under Management | Over ₹1.80 lakh crore (as of March 2023) |
| Number of Schemes | Over 100 |
| Popular Funds | Franklin India Bluechip Fund, Franklin India Low Duration Fund, Franklin India Taxshield Fund |
| Website | Franklin Templeton MF |
| Customer Service Number | 1800-425-4255 |
Franklin Templeton MF is recognized globally for its expertise in asset management and investment research. In India, it offers a diverse range of mutual fund products known for their strong performance and investor-friendly features.
10. DSP Mutual Fund
DSP Mutual Fund, established in 1996, manages assets of over ₹1.70 lakh crore (as of March 2023). With more than 100 schemes, DSP MF offers investment options in equity, debt, and hybrid categories. Known for its strong performance track record, customer trust, and innovative investment strategies, DSP MF is a preferred choice among investors.
| Key Information | Details |
|---|---|
| Founded | 1996 |
| Total Assets Under Management | Over ₹1.70 lakh crore (as of March 2023) |
| Number of Schemes | Over 100 |
| Popular Funds | DSP Equity Fund, DSP Tax Saver Fund, DSP Liquid Fund |
| Website | DSP Mutual Fund |
| Customer Service Number | 1800-200-4499 |
DSP Mutual Fund, formerly DSP BlackRock Mutual Fund, is respected for its disciplined investment approach and strong focus on long-term wealth creation. It offers a variety of mutual fund schemes across asset classes, aiming to deliver consistent returns.
FAQs (Frequently Asked Questions) about Top 10 Mutual Fund Companies in India
1. What are mutual fund companies?
Answer: Mutual fund companies, also known as asset management companies (AMCs), pool money from investors to invest in various securities such as stocks, bonds, and commodities. They manage these funds professionally to generate returns for investors.
2. How do I choose the right mutual fund company?
Answer: Consider factors like the company’s track record, fund performance, types of funds offered (equity, debt, hybrid), expense ratios, fund manager expertise, and customer service reputation. Align your choice with your investment goals and risk tolerance.
3. What are the benefits of investing in mutual funds through top companies?
Answer: Investing through top mutual fund companies in India offers diversification, professional management, liquidity, transparency, and the potential for higher returns compared to individual stock investments. They also provide easy access to various asset classes.
4. How can I invest in mutual funds offered by these companies?
Answer: You can invest directly through the mutual fund company’s website or office. Alternatively, many companies offer their funds through online platforms (like mobile apps or brokerage platforms) or through registered distributors (such as banks, financial advisors, or mutual fund agents).
5. What are the risks associated with mutual fund investments?
Answer: Mutual fund investments are subject to market risks. Factors such as market fluctuations, economic conditions, interest rate changes, and company-specific risks can affect fund performance. Investors should carefully read the scheme’s offer document for specific risks associated with each fund.
6. How often should I review my mutual fund investments?
Answer: Review your mutual fund investments periodically, typically every six months to a year. Assess whether the fund’s performance aligns with your financial goals and risk tolerance. Consider rebalancing your portfolio if necessary or consult with a financial advisor for guidance.
7. Are mutual fund investments suitable for long-term goals like retirement planning?
Answer: Yes, mutual funds are often recommended for long-term goals due to their potential for higher returns over time. They provide the benefit of compounding and can help in achieving financial objectives like retirement planning, education funds, or wealth creation.
8. How can I track the performance of mutual fund companies?
Answer: Most mutual fund companies provide regular updates on fund performance through their websites, mobile apps, and periodic statements sent to investors. You can also track performance through financial news portals, mutual fund research websites, and regulatory filings.
9. What are the different types of mutual funds offered by these companies?
Answer: Mutual fund companies offer various types of funds based on asset class (equity, debt, hybrid), investment objective (growth, income, balanced), and risk profile (aggressive, conservative). Common types include equity funds, debt funds, index funds, and balanced funds.
10. How can I contact mutual fund companies for more information?
Answer: You can contact mutual fund companies through their customer service helplines, email addresses provided on their websites, or visit their offices in person. Many companies also offer online chat support and FAQs on their websites for quick assistance.
Conclusion
Investing in mutual funds through reputable companies can significantly enhance your wealth creation journey while minimizing risks. Evaluate each company based on its track record, fund offerings, and customer feedback to make informed investment decisions. Remember, diversification and long-term planning are key to achieving your financial goals through mutual fund investments in India.