List of Mutual Fund Companies in India – Top Mutual Fund Schemes

Mutual funds are popular investment schemes that allow accumulation of wealth over a period of time in a systematic manner. The returns vary for different types of funds because they depend on several  factors like investment strategy, market conditions, etc.

Every mutual fund scheme is run by an asset management company (AMC) or mutual fund house. These companies employ different fund managers who take all decisions regarding the operation of mutual funds, like where to invest, how long to invest, etc. All mutual fund companies must be registered with the Securities and Exchange Board of India before offering their services. 

Top Mutual Fund Companies Operating in India 

Here are some leading fund houses that are carrying out activities related to mutual funds in India:

• Axis Mutual Fund

It started operations in October 2009 and has become one of India’s leading mutual fund companies. It operates in more than 100  cities and offers 56  mutual fund schemes to its investors. This AMC is a joint venture between Schroder Singapore Holdings and Indian private sector lender Axis Bank.   

You can invest in equity funds, debt funds, hybrid funds, ETFs, and fund of funds (FOFs) through the Axis asset management platform. Some of the most popular debt schemes are Axis Dynamic Bond Fund, Axis Short-Term Fund, Axis Gilt Fund, etc. It also offers equity funds such as Axis Multicap Fund, Axis Bluechip Fund, Axis Mid Cap Fund, etc. 

• Aditya Birla Sunlife Mutual Fund 

This joint venture is  between Sun Life AMC Ltd and Aditya Birla Capital Limited. It started its journey in 1994 and has slowly become one of the most trusted brands when it comes to mutual fund investments. It is the third-largest AMC in India per domestic assets under management. Apart from regular mutual fund investments, it also offers portfolio management services and alternative investments. 

This company is also a part of the list of Fortune 500 companies which rank the world’s top 500 most valued companies. It offers investment opportunities in equity, debt, hybrid, ETFs, pension funds, etc. 

Some popular debt funds are Aditya Birla Sun Life Corporate Bond Fund, Aditya Birla Sunlife Medium Term Plan, Aditya Birla Sun Life Banking and PSU Debt Fund, etc. Some equity funds offered by this AMC are Aditya Birla Sun Life Equity Fund, Aditya Birla Mid Cap Fund, and Aditya Birla Focused Equity Funds.

• Baroda BNP Paribas Asset Management India Ltd 

It started its operation on 15th April 2004, under the ownership of Baroda Trustee Private Limited. It originally functioned as a wholly-owned subsidiary of PSB Bank of Baroda, looking after the mutual fund business. 

Later, BNP Paribas Asset Management Company merged with Baroda AMC to form Baroda Paribas AMC Ltd. The assets under management of this AMC are valued at ₹22,895 crores as of November 2022. It offers  31 mutual fund schemes in equity, debt and other segments. 

Baroda BNP Paribas Midcap Fund, Baroda BNP Paribas ELSS Fund and Baroda BNP Paribas Focused Fund are some examples of this company’s equity-oriented schemes. . The Baroda BNP Low Duration Fund and Baroda BNP Paribas Corporate Bond Fund are popular schemes in the debt category. 

• Canara Robeco Mutual Fund

It is India’s  second oldest asset management company, which started its operation in 1993 under the name Canbank Asset Management Company. Later in 2007, Canara Bank entered into an agreement with the Robeco group and amalgamated the two companies.  

It has more than 9 lakh investors on its platform with a total AUM or asset under management of approx. ₹  55,149  crores as of November 2022.  It offers investment opportunities in various types of mutual funds like equity, debt and hybrid. Some of the most sought-after schemes are Canara Robeco Conservative Hybrid Fund and Canara Robeco Equity Hybrid Fund. 

• DSP Mutual Fund 

It is a multinational asset management company operating in India since 1997. In the beginning, it was a joint venture between DSP Group and Merill Lynch. Since then, it has undergone a number of changes to be in its present form. 

It offers around 78 mutual fund schemes to prospective investors, and the total AUM is Rs. 105,895 crore as of 31^st May 2022. As per some estimates, DSP. mutual funds hold approximately 2.75% of the mutual fund industry in India.

DSP TIGER Fund and DSP Small Cap Fund are a few examples of equity-oriented funds offered by this fund house. Moreover, it also offers debt mutual funds like DSP Government Securities Fund, DSP Short Term Fund, etc. 

• Edelweiss Mutual Fund 

It is a part of the Edelweiss group and functions as an investment management company. Edelweiss Mutual Fund is one of the newest asset management companies to operate in India. It started offering its services in 2009 after registering with SEBI in 2008.

The total assets under management of this fund house are more than Rs. 94000 crores as on 31^st May 2022. It was the first AMC to launch a passive debt fund – Bharat Bond ETF. Edelweiss Mutual Fund house offers more than 41 mutual fund schemes in diverse categories. 

These were some of the top mutual fund companies operating in India, offering their services in wealth and asset management. Some of these function as joint ventures, whereas some are functioning as sole entities.     

Read More: 15 Best Mutual Fund Houses in India

Best Mutual Fund Schemes in India in 2022

Some of the best mutual fund schemes in India in 2022 are as follows: 

These are some of the top performing mutual funds providing the highest return to their investors. The funds in this table have been listed as per their 3-year annualised returns in descending order. 

*Note: The value is valid as of September 6, 2022. 

Advantages of Investing in Mutual Funds 

Here are some advantages of investing in mutual funds: 

• Mutual funds offer a great deal of liquidity to their investors. You can easily stop a mutual fund and exit from the same at any time as per your requirements. However, there is an exit load that you must consider before withdrawing from a scheme. 
• Mutual funds give you a chance to diversify your portfolio. A mix of different asset classes reduces volatility in investment baskets. As mutual funds invest in different securities across different time horizons, it prevents decline in the portfolio’s value in case of unfavourable market conditions. 
• Every mutual fund scheme is professionally operated by a fund manager. They use their expertise and knowledge of different markets to generate returns for the investors. Therefore, it offers a great opportunity for new investors who cannot devote their time to tracking markets. 
• You can invest in mutual funds using small amounts as well. You can avail the option of SIP while investing in different mutual fund schemes. SIP or Systematic Investment Plan is an investment mechanism by which you can invest small amounts at fixed intervals and purchase corresponding units of mutual funds.

Things to Consider Before Investing in a Mutual Fund 

You should consider the following factors before investing your money in mutual funds:

• Risk appetite

You must consider your risk tolerance level before making any investment decisions. If you are a risk-averse or conservative investor, you may find debt or equity funds as more viable investment options. On the other hand, if you are an aggressive investor, you may consider investing in equity funds that come with high risk. 

• Past performance of fund house

You should also consider the past performance of particular asset management companies and see whether they have been able to provide returns as per the scheme’s objectives. You can analyse your expected returns with the past performance of mutual fund houses and see whether both align or not. 

• Expense ratio

The expense ratio is the cost levied by AMCs on investors to cover their expenses of running the scheme. As it is a direct cost, it has an influence on the profitability of a specific mutual fund scheme. Therefore, you must consider this before investing in a fund and select a fund which comes with a minimum or low expense ratio.

Final Word  

Mutual funds are popular investment vehicles because they are a mix of stability and high growth potential. Various mutual fund companies offer new schemes at regular intervals as per the changing needs of the customers. The top mutual fund companies operating in India offer some of the best performing mutual fund schemes, which investors can invest in after doing a thorough market analysis.  

Frequently Asked Questions