Top 20
Top 20 Mutual Fund Companies in India in 2023
People usually ask questions like, “What is a Mutual Fund?”, “Which are the best Mutual Fund companies in India?”, and “How to invest in Mutual Funds?”. A mutual fund becomes a perfect avenue for investors to participate in the debt and stock markets. Moreover, any person can benefit from this modern money investment and growth method, especially if you’re looking for financial security options other than insurance schemes.
What is Mutual Fund?
A Mutual Fund is a collective pool of money which is given by investors with a common objective for purchasing securities via the funds invested. This collective pool is formed by the investors in a Mutual Fund, and they are regulated in India by the Securities and Exchange Board of India (SEBI). These investors have a common goal, and this pool of money is consulted by the fund manager, who decides how to invest the money.
The Mutual Funds in India came into being in 1963 by an Act of Parliament. It was carried out by the Government of India with the help of the Reserve Bank of India (RBI). Later, the Association of Mutual Funds of India (AMFI) was formed to develop the Indian industry and set up minimum standards.
For beginners, a Mutual Fund is typically available in the form of Large Cap, Mid-cap, Small Cap, and Multi-cap funds. However, there are even more types available for investors.
How Mutual Funds Function?
Mutual Funds offer investors a route to save money and earn returns over time. Any person can invest either in a lump sum or a fixed amount which is paid monthly, and thus, is commonly known as a Systematic Investment Plan (SIP). Using a lump sum or SIP, these Mutual Fund companies help inculcate the habit of savings in both business entities and individuals. SIPs are a very convenient way for investors as it follows an automated investment process. Also, an interest rate added helps in the compounding of the invested funds, each financial year.
Financial Institutions that offer Mutual Fund schemes to customers often start with a 5-year investment option. However, customers are allowed to increase the duration as well as the monthly investment amount (aka SIP), as per the availability and directions of the respective company offering such products and/or services.
There are various mutual fund calculators available that help first-time investors decide what amount to start off with. These mutual fund calculators help investors start investing. Also, the performance of funds depends on various factors, such as the expertise of their fund managers, size of the fund house, NAV, performance since the last decade, etc.
Advantages of Investing in Mutual Funds in India
Investing in Mutual Funds can not only benefit corporations and organizations in their wealth management, but even common individuals can also invest and grow their savings and earn returns over time.
The minimum monthly investment amount (SIP amount) required to start your Mutual Funds account with your choice of company can be as low as Rs. 100. However, there are other companies that may require you to invest at least Rs. 150, Rs. 500, or Rs. 1,000, respectively. In addition, eligible account holders are offered various other schemes, rewards, benefits, etc.
Generally speaking, you can think of Mutual Funds as an opportunity that can help increment your monthly savings (via SIPs and interest rates) for at least five years. You may also increase this duration to 10 years or more and keep earning returns on your investment and savings, and thus, having to worry less about your future expense.
Also, read these articles:
Top 20 Wealth Management Companies in India
Let us now take a look at some of the best mutual funds companies in India to invest and grow your savings money through returns.
List of 20 Top-Ranking Private & Public Sector Mutual Fund Companies of India
The following is a list (sorted in alphabetical order) of some of the best Mutual Funds companies in India. These companies may be your choice in investing money and seeing your savings increment over time.
Note: We have also provided links to the respective Mutual Fund companies’ websites, where you can find more details about their products and services, schemes, returns, etc., which would help you in your investment-making decision.
1. Aditya Birla Sun Life Mutual Fund
Website: https://mutualfund.adityabirlacapital.com/
Aditya Birla Sun Life Mutual Fund offers solutions that can help investors achieve their financial success. The fund house specializes in various investment objectives like personal savings, tax savings, wealth creation, etc. The company offers a bundle of Mutual Fund schemes which include equity, debt, hybrid, ELSS, Liquid Funds, and more.
The company, however, offers different SIP investment amount for their Mutual Fund schemes, which starts with Rs. 100 and can be up to Rs. 1,000.
Mutual Fund Schemes Offered:
- Aditya Birla Sun Life Corporate Bond Fund
- Aditya Birla Sun Life Regular Savings Fund
- Aditya Birla Sun Life Banking And Fhttps://www.axismf.com/inancial Services Fund
- Aditya Birla Sun Life Money Manager Fund
- Aditya Birla Sun Life Savings Fund
Minimum SIP Investment:
Rs. 100, Rs. 500, and Rs. 1,000. The minimum investment amount varies with the scheme chosen.
2. Axis Mutual Fund
Website: https://www.axismf.com/
Axis Bank launched its first mutual fund in October 2009 and since then the firm has been able to make its presence in over 90 cities in India. It manages more than 20 lakh investor accounts and offers about 50 mutual fund schemes in the categories of debt, hybrid funds, equity, ETFs (Exchange-Traded Funds), FoFs (Fund of Funds), etc.
Mutual Fund Schemes Offered:
- Axis Focused 25 Fund
- Axis Bluechip Fund
- Axis Mid Cap Fund
- Axis Multicap Fund
- Axis Small Cap Fund
Minimum SIP Investment:
Rs. 500 and Rs. 1,000. The minimum investment amount varies with the scheme chosen.
3. Baroda BNP Paribas Mutual Fund
Website: https://www.barodabnpparibasmf.in/
Baroda BNP Paribas Mutual Fund company is a part of the BNP Paribas Asset Management, one of the leading asset managers in the world. It has a presence in 30 countries and in India, it offers 15 mutual fund schemes.
The schemes that are offered by Baroda BNP Paribas Mutual Fund company are categorized into debt, equity, and hybrid funds.
Mutual Fund Schemes Offered:
- BNP Paribas Large Cap Fund
- BNP Paribas Long Term Equity Fund
- BNP Paribas Multi Cap Fund
- BNP Paribas Midcap Fund
- BNP Paribas Focused 25 Equity Fund
Minimum SIP Investment:
Rs. 1,000. The minimum investment amount varies with the scheme chosen.
4. Bharti AXA Mutual Fund
Website: https://www.bharti-axalife.com/nav-funds
BOI AXA Mutual Funds are offered by BOI AXA Investment Managers Limited, which is a joint venture between AXA Investment Managers and the Bank of India. Bank of India is one of the largest financial institutions in India, with about 5,000 branches across the country and a global presence in 22 countries.
AXA Investment Managers, on the other hand, is among the largest asset managers on the planet with a strong presence in 62 countries around the world.
Mutual Fund Schemes Offered:
- BOI AXA Large and Mid Cap Equity Fund
- BOI AXA Tax Advantage Fund
- BOI AXA Mid and Small Cap Equity and Debt Fund
- BOI AXA Ultra Short Duration Fund
- BOI AXA Short Term Income Fund
Minimum SIP Investment:
Rs. 1,000. The minimum investment amount varies with the scheme chosen.
5. Canara Robeco Mutual Fund
Website: https://www.canararobeco.com/
Canara Robeco Mutual Fund company is a joint venture between public sector lender Canara Bank and Netherlands-based investment firm, Robeco. The firm was founded in December 1987 and was originally known as the Canbank Mutual Fund.
The fund house was later renamed the Canara Robeco Mutual Fund in the year 2007 and offers 18 schemes in various categories (equity, debt, hybrid, and ETF).
Mutual Fund Schemes Offered:
- Canara Robeco Equity Diversified Fund
- Canara Robeco Emerging Equities
- Canara Robeco Equity Tax Saver Fund
- Canara Robeco Consumer Trends Fund
- Canara Robeco Blue Chip Equity Fund
Minimum SIP Investment:
Rs. 1,000. The minimum investment amount varies with the scheme chosen.
6. DSP BlackRock Mutual Fund
Website: https://www.dspim.com/
DSP BlackRock Mutual Fund is the largest listed AMC in the world. The company offers a variety of Mutual Fund schemes to cater to the diverse investment needs of investors. The company has more than twenty years of track record in the field of investment excellence.
The AMC is backed by more than 150 years old DSP Group, which has been very influential in the growth and professionalism of Capital markets and the money management business in India.
Mutual Fund Schemes Offered:
- DSP BlackRock Natural Resources and New Energy Fund
- DSP BlackRock Equity Opportunities Fund
- DSP BlackRock US Flexible Equity Fund
- DSP BlackRock India T.I.G.E.R Fund
- DSP BlackRock Credit Risk Fund
Minimum SIP Investment:
Rs. 500 for all the above schemes.
7. HDFC Mutual Fund
Website: https://www.hdfcfund.com/
HDFC Mutual Fund is one of the most famous AMCs in India. It launched its first scheme in 2000 and since then, the fund house has been showing promising growth. Over the years, HDFC Mutual Fund has won the trust of several investors and has placed itself amongst the top performers in India.
The AMC is India’s largest mutual fund manager with Rs. 4.4 trillion in assets under management.
Mutual Fund Schemes Offered:
- HDFC Banking and PSU Debt Fund
- HDFC Corporate Bond Fund
- HDFC Balanced Advantage Fund
- HDFC Equity Savings Fund
- HDFC Hybrid Debt Fund
Minimum SIP Investment:
Rs. 300 for all the above schemes.
8. HSBC Mutual Fund
Website: https://www.hsbc.co.in/
HSBC Mutual Fund company is one of the most renowned asset management firms across the globe and is among the top mutual fund companies in India. It is a prominent part of HSBC Retail Banking and Wealth Management, which is a brain-child of HSBC Holdings Pvt. Ltd. The firm offers its asset and investment management services worldwide.
The company serves both individuals and businesses.
Mutual Fund Schemes Offered:
- HSBC Large Cap Equity Fund
- HSBC Dynamic Asset Allocation Fund
- HSBC Multi Cap Equity Fund
- HSBC Global Emerging Markets Fund
- HSBC Small Cap Equity Fund
Minimum SIP Investment:
Rs. 500 and Rs. 1,000. The minimum investment amount varies with the scheme chosen.
9. ICICI Prudent Mutual Fund
Website: https://www.icicipruamc.com/
Launched in the year 1993, ICICI Mutual Fund is one of the biggest Asset Management Companies in India. The Fund House offers a wide range of solutions for both corporate and retail investments. The Fund House maintains a strong customer base by providing demand-satisfying product solutions and innovative schemes.
AMC has witnessed a significant increase in scale, along with an investor base of over 1.9 million people. There are various mutual fund schemes offered by AMC, such as equity, hybrid, debt, ELSS, liquid, etc.
Mutual Fund Schemes Offered:
- ICICI Prudential Banking and Financial Services Fund
- ICICI Prudential MIP 25
- ICICI Prudential Long Term Plan
- ICICI Prudential Nifty Next 50 Index Fund
- ICICI Prudential Equity and Debt Fund
Minimum SIP Investment:
Rs. 100 for all the above schemes.
10. IDFC Mutual Fund
Website: https://idfcmf.com/
The IDFC Mutual Fund was established in 2000. The fund is promoted by IDFC Ltd., an Indian financial company that provides financial and consulting services for infrastructure projects. It is one of the largest fund houses in India.
AMC is sponsored by IDFC Ltd. and also offers 34 schemes in various categories.
Mutual Fund Schemes Offered:
- IDFC Sterling Value Fund
- IDFC Tax Advantage Fund
- IDFC Multi Cap Fund
- IDFC Core Equity Fund
- IDFC Large Cap Fund
Minimum SIP Investment:
Rs. 100. The minimum investment amount varies with the scheme chosen.
11. JM Financial Mutual Fund
Website: https://www.jmfinancialmf.com/
JM Financial Mutual Fund is one of the most successful mutual fund organizations in India and began operations in 1993-1994. The asset management company of JM Financial Mutual Funds. It started operation in December 1994 and launched three funds, namely JM Equity Fund, JM Balanced Fund, and JM Liquidity Fund.
Currently, the fund house has 15 schemes of different fund types.
Mutual Fund Schemes Offered:
- JM Value Fund
- JM Core 11 Fund
- JM Large Cap Fund
- JM Tax Gain Fund
- JM Multi Cap Fund
Minimum SIP Investment:
Rs. 500 and Rs. 1,000. The minimum investment amount varies with the scheme chosen.
12. Kotak Mutual Fund
Website: https://www.kotakmf.com/
Since its launch in the year 1998, Kotak Mutual Fund has grown into one of the well-known AMCs in India. The company offers a variety of Mutual Fund schemes to cater to the diverse requirements of investors. Some of the categories of Mutual Fund includes equity, debt, hybrid, liquid, ELSS, and so on.
Over 7.5 million investors are investing in Kotak Mutual Fund company. Investor can plan their investments and refer to the top-performing Mutual Fund schemes that are offered to customers by the Kotak Mutual Fund company.
Mutual Fund Schemes Offered:
- Kotak Standard Multicap Fund
- Kotak Equity Opportunities Fund
- Kotak Infrastructure & Economic Reform Fund
- Kotak Asset Allocator Fund – FOF
- Kotak Emerging Equity Scheme
Minimum SIP Investment:
Rs. 500 and Rs. 1,000. The minimum investment amount varies with the scheme chosen.
13. L&T Mutual Fund
Website: https://www.lntmf.com/
L&T Mutual Fund follows a disciplined approach to investment and risk management. The company emphasizes delivering a superior long-term risk-adjusted performance.
The AMC was launched in the year 1997 and since it has gained immense trust among its investors. Investors can choose schemes from a host of options like equity, debt, Hybrid Fund, etc.
Mutual Fund Schemes Offered:
- L&T India Value Fund
- L&T Emerging Businesses Fund
- L&T Business Cycles Fund
- L&T Arbitrage Opportunities Fund
- L&T Money Market Fund
Minimum SIP Investment:
Rs. 500 and Rs. 1,000. The minimum investment amount varies with the scheme chosen.
14. LIC Mutual Fund
Website: https://www.licmf.com/
LIC Mutual Fund company is backed by the Life Insurance Corporation of India (LIC). This mutual fund company started operations in 1994. The AMC was set up by the Life Insurance Corporation of India (LIC), which is the world’s largest life insurer. LIC Mutual Fund has managed to carve a name for itself by coupling systematic investment discipline, corporate governance, and a high degree of financial ethics.
The company offers over 22 mutual fund schemes to customers in various categories.
Mutual Fund Schemes Offered:
- LIC MF Multicap Fund
- LIC MF Large Cap Fund
- LIC MF Large & Mid Cap Fund
- LIC MF Savings Fund
- LIC MF Liquid Fund
Minimum SIP Investment:
Rs. 500. The minimum investment amount varies with the scheme chosen.
15. Motilal Oswal Mutual Fund
Website: https://www.motilaloswalmf.com/
Motilal Oswal Mutual Fund company was incorporated in the year 2008 and its promoter is Motilal Oswal Financial Services Limited (MOFSL). MOFSL is an NBFC (Non-Banking Financial Company). The Motilal Oswal Asset Management Company (MOAMC) is responsible for undertaking business pursuits such as providing advisory and management services to financial consultancies, offshore funds, research exchange for commercial purposes, and so on.
The mutual fund house offers around 12 schemes to customers.
Mutual Fund Schemes Offered:
- Motilal Oswal Focused 25 Fund
- Motilal Oswal Midcap 30 Fund
- Motilal Oswal Multicap 35 Fund
- Motilal Oswal Long Term Equity Fund
- Motilal Oswal Ultra Short Term Fund
Minimum SIP Investment:
Rs. 500. The minimum investment amount varies with the scheme chosen.
16. Nippon India Mutual Fund
Website: https://mf.nipponindiaim.com/
Since its launch in the year 1995, Nippon India has been one of the fastest-growing Mutual Fund companies in the country. The fund house has an impressive track record of consistent returns. Nippon India Mutual Fund offers a variety of schemes that can cater to the diverse needs of investors.
Investors can choose funds as per their investment objectives and invest according to their risk appetite.
Mutual Fund Schemes Offered:
- Nippon India Large Cap Fund
- Nippon India Power and Infra Fund
- Nippon India Small Cap Fund
- Nippon India Equity Hybrid Fund
- Nippon India Liquid Fund
Minimum SIP Investment:
Rs. 100 for all the above schemes.
17. SBI Mutual Fund
Website: https://www.sbimf.com/en-us
SBI Mutual Fund is one of the well-recognized companies in India. The company is present in the Indian Mutual Fund industry for more than three decades now. It was launched in the year 1987. The AMC is a Joint Venture between SBI Bank (India’s largest bank) and AMUNDI (France), one of the world’s leading fund management companies.
The user base of SBI Mutual Fund is more than 54 Lakhs. It offers schemes across various categories of funds to cater to the diverse requirements of individuals.
Mutual Fund Schemes Offered:
- SBI Small Cap Fund
- SBI Debt Hybrid Fund
- SBI Magnum Children’s Benefit Plan
- SBI Consumption Opportunities Fund
- SBI Large and Mid-cap Fund
Minimum SIP Investment:
Rs. 500 for all the above schemes.
18. Sundaram Mutual Fund
Website: https://www.sundarammutual.com/
Sundaram Mutual Fund offers its customers and clients a wide selection of financial solutions for both retail and institutional investors. The financial institution constantly aims to bring innovative investment schemes in order to satisfy the growing needs of the customers.
The AMC uses a strict risk-management policy and appropriate research techniques to support its investment decisions.
Mutual Fund Schemes Offered:
- Principal Emerging Bluechip Fund
- Principal Hybrid Equity Fund
- Principal Cash Management Fund
- Principal Global Opportunities Fund
- Principal Credit Risk Fund
Minimum SIP Investment:
Rs. 100 and Rs. 2,000. The minimum investment amount varies with the scheme chosen.
19. Tata Mutual Fund
Website: https://www.tatamutualfund.com/
Tata Mutual Fund has been operating in India for more than two decades. Tata Mutual Fund is one of the well-reputed fund houses in India. The fund house has been able to win the trust of millions of customers with its consistent performance and top-notch service.
Tata Mutual Fund offers various categories such as equity, debt, hybrid, liquid, and ELSS, investors can invest as per their investment needs and objectives.
Mutual Fund Schemes Offered:
- Tata Equity PE Fund
- Tata Retirement Savings Fund-Moderate
- Tata Retirement Savings Fund – Progressive
- Tata India Tax Savings Fund
- Tata Liquid Fund
Minimum SIP Investment:
Rs. 150 and Rs. 500. The minimum investment amount varies with the scheme chosen.
20. UTI Mutual Fund
Website: https://www.utimf.com/
UTI Mutual Fund is the oldest asset management company in India. The AMC was started in 1963 with the formation of the Unit Trust of India (UTI), and since then UTI has grown over the years. It is among the most trusted mutual fund houses in India, having been around for over 50 years. The company has achieved significant growth over the years and has made some truly outstanding contributions to India’s capital and industrial growth.
The company offers a variety of mutual funds to meet the investment requirements of different customer groups, making it easier for investors to find the solution that best suits their needs.
Some of its prominent funds are the UTI equity fund and UTI MNC Fund. It offers funds across asset classes.
Mutual Fund Schemes Offered:
- UTI Multi Cap Fund
- UTI Mid Cap Fund
- UTI MNC Fund
- UTI India Lifestyle Fund
- UTI Value Opportunities Fund
Minimum SIP Investment:
Rs. 100. The minimum investment amount varies with the scheme chosen.
Wrapping Up
Investing in a Mutual Fund company in India might be a decision that is worth making. Over the last few decades, Mutual Funds have been a phenomenal method for generating returns for retail investors. Thus, even the common folks and the working section of people can greatly benefit from it.
You can visit any of the above-mentioned financial institutions, or another of your choice in your region, and get started by opening a Mutual Funds account with only a minimal SIP investment.
