Mutual funds are investment vehicles that pool money from multiple investors to invest in a diversified portfolio of stocks, bonds, and other securities. In recent years, a large number of people in India, as well as NRIs, are shifting their investments towards mutual funds. There are many mutual fund houses in India. Each fund house provides different schemes for investors to choose from depending on their investment goals. Let’s look at the top 10 mutual fund companies in India.
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Top 10 Mutual Fund Companies in India
Listed below are the top 10 mutual fund companies in India based on factors like AUM, past performance, mutual fund scheme, expertise of the fund manager, age of the fund, etc.
- SBI Mutual Fund
- HDFC Mutual Fund
- ICICI Prudential Mutual Fund
- Aditya Birla Sun Life Mutual Fund
- DSP Mutual Fund
- Nippon India Mutual Fund
- Axis Mutual Fund
- Kotak Mahindra Mutual Fund
- UTI Mutual Fund
- IDFC Mutual Fund
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Important Factors to Consider to Decide the Best Mutual Fund Companies
There are as many as 44 asset management companies (AMCs) or mutual fund houses operating in India. Choosing the best investment plan that suits your needs can be a cumbersome process. Here are some of the important factors that will help you select the best mutual funds in India.
Performance History: Investors should check the performance history of a mutual fund scheme to evaluate its past performance and to make informed investment decisions.
Fund Category: Mutual fund schemes are broadly categorized into equity, debt, hybrid, and solution-oriented funds. Investors should consider the category that best aligns with their investment goals and risk tolerance.
Fund Performance: Investors should review a mutual fund’s past performance to understand its potential to deliver stable returns over the long term. Investors should evaluate the fund’s performance history against its benchmark and its peers.
Fund Manager: The fund manager’s experience, expertise, and investment strategy can significantly impact a mutual fund’s performance. Investors should consider the fund manager’s track record and investment philosophy before investing in a scheme.
Expense Ratio: The expense ratio of a mutual fund scheme is the fee charged by the fund for managing the investments. A lower expense ratio means more money is invested in the underlying assets, increasing the potential for higher returns.
Asset Size: The size of a mutual fund can affect its performance. Generally speaking, larger funds tend to be more stable and less volatile because they have more assets under management (AUM). This can help the fund manager to better diversify the portfolio, which can reduce risk and improve returns. On the other hand, smaller funds may be riskier and more volatile because they have fewer resources to work with.
Portfolio Diversification: A well-diversified portfolio can minimize risk by spreading investments across various asset classes, sectors, and geographies. Investors should consider a mutual fund scheme that has a diversified portfolio.
Investment Style: Mutual fund schemes can have different investment styles, such as value or growth investing. Investors should consider a scheme that aligns with their investment style and risk tolerance.
Investment Horizon: The investment horizon is the time frame for which an investor plans to hold a mutual fund investment. Investors should select a mutual fund scheme that aligns with their investment horizon.
List of Top 10 Mutual Fund Companies in India
Here is a table of the top 10 mutual fund companies in India along with their top performing mutual fund schemes.
|Mutual Fund House||Top Performing Mutual Fund Scheme|
|SBI Mutual Fund||– SBI Debt Hybrid Fund|
– SBI Small Cap Fund
– SBI Magnum Gilt Fund
– SBI Contra Fund
– SBI Dynamic Bond Fund
|HDFC Mutual Fund||– HDFC Corporate Bond Fund|
– HDFC Small Cap Fund
– HDFC Banking and PSU Debt Fund
– HDFC Balanced Advantage Fund
– HDFC Hybrid Debt Fund
|ICICI Prudential Mutual Fund||– ICICI Prudential Infrastructure Fund|
– ICICI Prudential Technology Fund
– ICICI Prudential US Bluechip Equity Fund
– ICICI Prudential Long Term Plan
– ICICI Prudential Bank and Financial Services Fund
|Aditya Birla Sun Life Mutual Fund||– Aditya Birla Sun Life Savings Fund|
– Aditya Birla Sun Life Corporate Bond Fund
– Aditya Birla Sun Life Money Manager Fund
– Aditya Birla Sun Life Regular Savings Fund
– Aditya Birla Sun Life Banking and Financial Services Fund
|DSP BlackRock Mutual Fund||– DSP BlackRock Equity Opportunities Fund|
– DSP BlackRock US Flexible Equity Fund
– DSP BlackRock Natural Resources and New Energy Fund
– DSP BlackRock India T.I.G.E.R Fund
– DSP BlackRock Banking and PSU Debt Fund
|Nippon India Mutual Fund||– Nippon India Power and Infra Fund|
– Nippon India Large Cap Fund
– Nippon India Small Cap Fund
– Nippon India Banking Fund
– Nippon India Japan Equity Fund
Axis Mutual Fund
|– Axis Small Cap Fund Growth|
– Axis Mid Cap Fund Growth
– Axis Corporate Debt Fund
– Axis Flexi Cap Fund Growth
– Axis Bluechip Fund Growth
|Kotak Mahindra Mutual Fund||– Kotak Equity Opportunities Fund|
– Kotak Standard Multicap Fund
– Kotak Infrastructure & Economic Reform Fund
– Kotak Money Market Scheme
– Kotak Asset Allocator Fund – FOF
|UTI Mutual Fund||– UTI Money Market Fund|
– UTI Gilt Fund
– UTI Banking and PSU Debt Fund
– UTI Treasury Advantage Fund
– UTI Short Term Income Fund
|IDFC Mutual Fund||– IDFC Infrastructure Fund|
– IDFC Tax (ELSS) Advantage Fund
– IDFC Core Equity Fund
– IDFC Focused Equity Fund
– IDFC Low Duration Fund
Can NRI Invest in Mutual Funds in India?
Yes, Non-Resident Indians (NRIs) are allowed to invest in mutual funds in India subject to certain conditions.
As per the regulations of the Reserve Bank of India (RBI), NRIs can invest in mutual funds in India on a repatriable or non-repatriable basis.
- Repatriable basis: This means that the investment made by the NRI can be repatriated back to the foreign country along with the capital appreciation, subject to the limits prescribed by RBI.
- Non-Repatriable basis: In this case, the investment made by the NRI cannot be repatriated back to the foreign country.
To invest in mutual funds in India, NRIs are required to comply with Know Your Customer (KYC) norms and submit the necessary documents, including a copy of their passport and overseas address proof.
It is important to note that taxes may be applicable on mutual fund investments made by NRIs in India. NRIs are advised to consult a tax expert to understand the tax implications of their investments in India.
It is important to note that AUM is not the only factor to consider when evaluating mutual fund houses. Other factors such as fund performance, expense ratio, fund manager experience, and investment philosophy should also be considered. Investors should conduct their own research and due diligence to identify the mutual fund house that aligns with their investment goals and risk tolerance.