Want to start investing in mutual funds?
Or already an investor and confused where to park your money?
These questions might be creeping up every now and then. Even so now, when we have just stepped into the new year.
Therefore, in this article, we will try to solve your doubts and discuss the best AMCs (Asset Management Companies) we can rely on for our investments. This will also entail the best funds pertaining to these AMCs.
Based on exceptional performance over the past years and credibility upon which we as investors can trust, we have selected the best AMCs for 2019.
Let us now look at the particular fund houses in brief. We will also highlight the five best funds from each fund house. This includes funds of various types and we may choose the fund based on our risk appetite and goals.
1.ICICI Prudential Mutual Fund
The largest asset management company in India in terms of AUM size, ICICI Prudential Mutual fund has truly awarded its long term investors through investment in its schemes.
Year of launch: 13/10/1993
Total AUM: More than 3 lakh crore (As on 31/3/2018)
CEO: Mr. Nimesh Shah
CIO: Mr. S. Naren
2.HDFC Mutual Fund
One of the largest asset management companies in India in terms of AUM size, HDFC Mutual fund is considered to be one of the most trustworthy names in the mutual fund industry.
Be it any type of goal (long term, short term, retirement, tax-saving etc.), HDFC Mutual Fund has plans for people from all walks of life.
Year of launch: 10/09/1999
Total AUM: Approximately 3 lakh crore (As on 31/3/2018)
CEO: Mr. Milind Barve
CIO: Mr. Prashant Jain
3.Reliance Mutual Fund
One of the largest asset management companies in India in terms of AUM size, Reliance Mutual fund is a part of Reliance Anil Dhirubhai Ambani (ADA) Group.
Reliance Mutual Fund has been sponsored by Reliance Capital Limited and Nippon Life Insurance.
Year of launch: 30/06/1995
Total AUM: Approximately 2.4 lakh crore (As on 31/3/2018) with around 83.99 lakh folios
CEO: Mr. Sundeep Sikka;
Deputy CEO: Mr. Himanshu Vyapak
Co- CIO: Mr. Manish Gunwani
4.Aditya Birla Sun Life Mutual Fund
The 4th largest asset management company in India in terms of AUM size, Aditya Birla Sun Life Mutual fund is considered to be one of the most dynamic and exponential growth in the mutual fund industry.
Year of launch: 23/04/1994
Total AUM: Approximately 2.3 lakh crore (As on 31/3/2018)
CEO: Mr. A Balasubramanian
Co- CIO: Mr. Maneesh Dangi
5.Kotak Asset Management Company
Kotak Group is India’s first NBFC. The AMC offers various schemes across market caps. These schemes vary depending on risk appetite and investment duration of the investor.
Year of launch: 23/06/1998
Total AUM: Approximately 1.1 lakh crore (As on 31/3/2018)
CEO: Mr. Nilesh Shah
Co- CIO: Mr. Harsha Upadhyaya
6. SBI Mutual Fund
SBI Mutual Fund was founded in 1987 and is one of the most trustworthy AMC’s in the country. Over the years, SBI has given very good returns to its investors and has various schemes across different categories of mutual funds.
Year of launch: 1987
Total AUM: Rs. 2,33,114 crore ($32.1 billion)
CEO: Anuradha Rao
We should understand that these funds have seen the beating this year when the markets were down, However, if we look at the long term performance of these funds, they have consistently beaten the benchmark.
We have also taken care of each investor’s risk appetite and therefore have highlighted funds of each category (i.e. Large Cap, Mid Cap, Small Cap, Multi Cap, ELSS, Index Fund, Bond Fund etc.).
Therefore, we can go through these particular schemes in detail before making the final call.
Disclaimer: The views expressed in this post are that of the author and not those of Groww