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How many mutual fund companies in India?

How many fund companies are there in India. Which are the best ones?

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There are 44 Asset Management Companies in India. Despite the presence of 44 AMCs in India, 80% of the inflows are in the top 10 asset management companies in India. This is because of the trust and reliability factor that the investors have in these mutual fund houses. Also one of the differentiating factor is the team of research analysts and fund managers which are employed by these large mutual fund houses. Following are the Asset Management Companies in India:


·     HDFC Asset Management Company Ltd

·     ICICI Prudential Asset Management Company Ltd

·     Birla Sun Life Asset Management Company Ltd

·     Reliance Capital Asset Management Ltd.

·     Franklin Templeton Asset Management (India) Pvt Ltd

·     Axis Asset Management Company Ltd.

·     Baroda Pioneer Asset Management Company Ltd

·     BNP Paribas Asset Management India Pvt Ltd

·     BOI AXA Investment Managers Pvt Ltd

·     Canara Robeco Asset Management Company Ltd

·     Daiwa Asset Management (India) Pvt Ltd

·     Deutsche Asset Management (India) Pvt. Ltd.

·     DSP BlackRock Investment Managers Pvt. Ltd.

·     Edelweiss Asset Management Ltd

·     Escorts Asset Management Ltd

·     FIL Fund Management Private Ltd

·     Goldman Sachs Asset Management (India) Pvt Ltd.

·     HSBC Asset Management (India) Pvt. Ltd.

·     IDBI Asset Management Ltd.

·     IDFC Asset Management Company Ltd

·     India Infoline Asset Management Co. Ltd.

·     Indiabulls Asset Management Company Ltd.

·     ING Investment Management (India) Pvt. Ltd.

·     JM Financial Asset Management Pvt Limited

·     JPMorgan Asset Management India Pvt. Ltd.

·     Kotak Mahindra Asset Management Company Ltd.

·     L&T Investment Management Ltd.

·     LIC NOMURA Mutual Fund Asset Management Company Ltd.

·     Mirae Asset Global Investments (India) Pvt. Ltd.

·     Morgan Stanley Investment Management Pvt Ltd.

·     Motilal Oswal Asset Management Company Ltd.

·     Peerless Funds Management Co. Ltd.

·     Pine Bridge Investments Asset Management Company (India) Pvt. Ltd.

·     Pramerica Asset Managers Private Ltd

·     Principal PNB Asset Management Co. Pvt. Ltd.

·     Quantum Asset Management Company Private Ltd.

·     Religare Asset Management Company Private Ltd.

·     Sahara Asset Management Company Private Ltd

·     SBI Funds Management Private Ltd.

·     Sundaram Asset Management Company Ltd

·     Tata Asset Management Ltd

·     Taurus Asset Management Company Ltd

·     Union KBC Asset Management Company Pvt Ltd

·     UTI Asset Management Company Ltd


While selecting an asset management company, an investor must keep this checklist handy and select the fund house on the basis of these factors:

1.   Track Record

2.   Width in terms of fund offerings

3.   Size of asset under management

4.   Number of companies against the asset management company and the redressal process.


Pijush Kanti Biswas

Presently, India is having only 43 mutual fund offering companies. Mutual funds are highly under tapped market in India and have huge potential to grow in coming years.

Here is the list of few top mutual fund companies in India at present:

1.    Birla Sun Life Asset Management Company Ltd 

2.    Bluechip Corporate Investment Center Ltd

3.    DSP Blackrock Investment Managers Pvt Ltd

4.    Franklin Templeton Asset Management India Pvt Ltd

5.    HDFC Asset Management Co Ltd

6.    HDFC Securities Ltd

7.    ICICI Prudential Asset Management Company

8.    IL& FS Investment Managers Ltd

9.    Reliance Securities Ltd

10. UTI Asset Management Co Ltd (UTIAMC)

Mutual fund is the perfect solution for people who follows stock markets and wish to invest in the shares offered by various companies, but they fear that they don’t have enough knowledge as investing directly in equity market is a risk, not everyone willing to take.

Happy Investing!

Devanshu

There are close to 42 mutual fund houses in India. History of mutual funds in India dates back to 1963 when Unit trust of India launched the first mutual fund in India. Over the last 44 years many fund houses have been merged into larger AMCs taking the total count to 42 as of 2017.

The sum total of the assets under management in these funds is Rs 20 lakh crores. Over the last three years the assets under management have doubled due to increased participation from retail and high net worth individual investors.

The largest mutual fund houses in India are:

ICICI Prudential Mutual Funds

HDFC Mutual Funds

SBI Mutual Funds

Reliance Mutual Funds

Birla Sunlife Mutual Funds

Despite the presence of 42 AMCs in India, 80% of the inflows are in the top 10 asset management companies in India. This is because of the trust and reliability factor that the investors have in these mutual fund houses. Also one of the differentiating factor is the team of research analysts and fund managers which are employed by these large mutual fund houses.

While selecting an asset management company, an investor must keep this checklist handy and select the fund house on the basis of these factors:

1.   Track Record

2.   Width in terms of fund offerings

3.   Size of asset under management

4.   Number of companies against the asset management company and the redressal process.

Mutual fund investments are subject to market risks. Please read the scheme information and other related documents carefully before investing.
Past performance is not indicative of future returns. Please consider your specific investment requirements, risk tolerance, investment goal, time frame, risk and reward balance and the cost associated with the investment before choosing a fund, or designing a portfolio that suits your needs.
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