Mutual funds have become an increasingly popular way for Indian investors to grow their wealth over the long term. With hundreds of fund options like Aditya Birla mutual fund to choose from, it can be tricky deciding which mutual fund company to invest with. In this post, we will look at the top 5 mutual fund companies in India based on assets under management (AUM).
Table of Contents
When choosing a mutual fund company, some of the key factors to consider are:
– Size of Assets Under Management – Larger AUM indicates the fund house manages more investor money
– Investment Performance – Consistent long term returns across schemes
– Fund Options – Variety of fund categories and risk profiles
– Fund Managers – Experience and track record of fund managers
– Fees & Expenses – Low expense ratios and fees
– Customer Service – Handling of queries, access to information
Based on these parameters, here are the top 5 mutual fund companies in India
With an AUM of over Rs 3.2 lakh crore, Aditya Birla Sun Life MF has witnessed rapid growth in recent years. Its well-researched portfolio of funds includes popular schemes like Aditya Birla Sun Life Frontline Equity Fund, Aditya Birla Sun Life Tax Relief, Aditya Birla Sun Life Corporate Bond Fund among others. The fund house offers a diverse selection of funds covering categories like equity, debt, hybrid, offshore and ETFs. Many schemes from Aditya Birla MF have given stellar long-term performance. The company focuses on creating long-term sustainable value for investors through its funds.:
HDFC Mutual Fund
HDFC Mutual Fund is one of the largest and most trusted mutual fund brands in India. It has massive assets under management of over Rs 5.9 lakh crore collected from over 50 lakh investors. HDFC MF offers a wide selection of funds ranging from equity, hybrid, debt, ETFs, offshore and retirement funds. Some of its popular funds include HDFC Top 100, HDFC Mid-Cap Opportunities, HDFC Balanced Advantage Fund among others. Many of its funds have given stellar returns over the long term. HDFC MF is known for its well-researched products and quality fund management.
ICICI Prudential Mutual Fund
ICICI Prudential Mutual Fund is the second largest fund house in India with an AUM of around Rs 5.1 lakh crore. It offers a diverse range of funds catering to various investment objectives and risk profiles. ICICI Prudential is recognized for pioneering many innovative funds in India such as thematic funds, offshore funds, retirement funds and ETFs. Some top performing funds from ICICI MF are ICICI Prudential Bluechip Fund, ICICI Prudential Technology Fund, ICICI Prudential Multicap Fund and ICICI Prudential Nifty Next 50 Index Fund. The fund house has a strong focus on long term wealth creation and prudent fund management.
SBI Mutual Fund
Backed by India’s largest bank SBI, SBI Mutual Fund has rapidly grown its AUM to over Rs 7.01 lakh crore. It manages funds across categories like equity, hybrid, debt, offshore, ESG and retirement funds. Well performing funds from SBI MF include SBI Small Cap Fund, SBI Magnum Midcap Fund, SBI Bluechip Fund, SBI Nifty Index Fund. With competitive fees and easy account opening process due to its association with State Bank of India, SBI MF has attracted many investors. The fund house is known to follow a systematic investment process focused on consistent returns.
Kotak Mahindra Mutual Fund
With a strong focus on risk management and research-focused investing, Kotak Mahindra MF manages over Rs 38519 crore of AUM. It offers a variety of thematic and conventional funds like Kotak Bluechip Fund, Kotak Standard Multicap Fund, Kotak Small Cap Fund, Kotak Tax Saver Fund to name a few. Kotak MF provides a diverse choice of funds tailored to varied financial goals and risk appetites of investors. Many Kotak schemes have delivered high returns over the long-term. The fund house is known for its prudent fund management and customer-centric approach.
Conclusion
This covers the top 5 mutual fund companies in India based on the size and quality of their operations. While past performance is no guarantee of future returns, investing with one of these reputed fund houses can give you exposure to professional fund management and help grow your savings over the long run. However, investors must carefully evaluate funds based on their mutual funds investment objectives, risk tolerance and time horizon before investing. They must also ensure to have a well-diversified portfolio across asset classes, sectors and fund houses to minimize risk and optimize returns. Staying invested for the long term is key to harness the full potential of mutual funds.
