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Top 10 Mutual Fund Houses in India

11 July 2022

There are many mutual fund houses in India. These mutual fund houses provide different schemes that investors can choose from, according to their investment goals. 

Here’s a list of the top 10 mutual fund houses in India

Note: The list has been prepared in descending order of quarterly average Asset Under Management (AUM). The date for the data is September 2021. 

This is not a recommendation that AUM should be considered foremost while making investments. Investors are advised to invest after thorough research and according to their own financial goals. 

Top Mutual Fund Houses in India

S.No.

Mutual Fund House

1.

SBI Mutual Fund

2.

ICICI Prudential Mutual Fund

3.

HDFC Mutual Fund

4.

Aditya Birla Sun Life Mutual Fund

5.

Kotak Mahindra Mutual Fund

6.

Nippon India Mutual Fund

7.

Axis Mutual Fund

8.

UTI Mutual Fund

9.

IDFC Mutual Fund

10.

DSP Mutual Fund

1. SBI Mutual Fund 

SBI MF was set up on June 29, 1987, and was incorporated in February 1992. It was India’s second fund house after Unit Trust of India.

No of Funds Quarterly Average Asset Under Management (AUM)
143 578162.69

2. ICICI Prudential Mutual Fund

ICICI Prudential MF was set up in 1993. It is one of the oldest and largest AMCs in India. It is a joint venture between ICICI Bank and Prudential Plc, a financial services company based out of the U.K.

No of Funds QA AUM
142 447139.72

3. HDFC Mutual Fund

HDFC Mutual Fund ranks third in our list of top mutual fund houses by aum (Assets Under Management). It was founded in 1999. It became a publicly listed company in August 2018.

No of Funds QA AUM
86 438925.96

4. Aditya Birla Sun Life Mutual Fund

Established in 1994, Aditya Birla MF is a joint venture between Aditya Birla Capital Ltd. and Sun Life AMC investments, a financial services company based in Canada.

No of Funds QA AUM
121 298897.58

5. Kotak Mahindra Mutual Fund

Fifth on our list of top 10 mutual fund houses in India is Kotak AMC, which began its operations in December 1998 and was the first AMC in India to offer a dedicated gilt fund for government securities. It operates as a wholly-owned subsidiary of Kotak Mahindra Bank.

No of Funds QA AUM
80 269157.21

6. Nippon India Mutual Fund

Nippon AMC was earlier known as Reliance Mutual Fund. The name was changed on September 28. 2019. Nippon India Mutual Fund became the largest foreign-owned AMC in India, wherein Japan’s Nippon Life Insurance currently holds a 75% stake. This marked the exit of Anil Ambani’s Reliance Capital. The AMC has been registered with Sebi since 1995.

No of Funds QA AUM
139 265458.55

7. Axis Mutual Fund

Axis AMC was incorporated in October 2009. Around 75% of the AMC is held by Axis Bank and the rest by Schroder Singapore Holdings Private Ltd.

No of Funds QA AUM
58 238176.97

8. UTI Mutual Fund

UTI Mutual Fund was registered with Sebi in 2003. In the same year, Unit trust of India (UTI) was bifurcated into Specified Undertaking of The Unit Trust of India(SUUTI) and UTI MF.

No of Funds QA AUM
111 208969.31

9. IDFC Mutual Fund

Amongst the top mutual fund houses in India is IDFC Mutual Fund. It was established in 2000. The fund is promoted by IDFC Ltd., which is a finance company in India providing finance and advisory services for infrastructure projects.

No of Funds QA AUM
49 126334.96

10. DSP Mutual Fund

DSP Mutual Fund was earlier known as DSP Blackrock Mutual Fund The joint venture DSP and BlackRock was formed back in 2008 and lasted till 2018. Before Blackrock, the company was in a joint venture with Merrill Lynch Investment Managers, 1996. It was then known as DSP Merrill Lynch Asset Management (India) Ltd.

No of Funds QA AUM
46 107253.07

This was the list of the top mutual fund houses in India. For more information or to invest in mutual funds, you may visit Mutual Funds.

Happy Investing!

Disclaimer: The content presented here is only for educational and informational purposes. It is not intended to be advice on what to buy or sell. 

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