Check the list of top 10 mutual fund companies in India.
Top 10 Mutual Fund Companies in India
Axis Asset Management Co Ltd
Axis Asset Management Co Ltd is a privately owned investment manager. It was established in the year 2009. The company is headquartered in Mumbai, India. The company manages equity, fixed income, and balanced mutual funds and hedge funds for its clients. It is one of the top 10 mutual fund companies in India. The firm also invests in gold for some of its funds. Axis Asset Management Company Ltd operates as a subsidiary of Axis Bank Ltd.
Aditya Birla Sun Life Mutual Fund (Aditya Birla)
Birla Sun Life Asset Management Company Ltd is the joint venture between the Aditya Birla Group and Sun Life Financial Inc of Canada. The company was founded in the year 1994. It has emerged as one of the top flagships of Mutual funds business managing assets of a large investor base.
It is offering a range of investment options including diversified and sector-specific equity schemes, hybrid and monthly income funds etc. It is offering a wide range of treasury products, debt, and offshore funds. It is one of the top mutual fund companies in India.
Franklin Templeton Asset Management India Pvt Ltd
HDFC Asset Management Co Ltd
HDFC Asset Management Company Ltd (AMC) was incorporated under the Companies Act, 1956, on December 10, 1999. The company is headquartered in Mumbai, Maharashtra. It is one of the top 10 mutual fund companies in India. HDFC Asset Management Company Ltd operates as a subsidiary of Housing Development Finance Corporation Limited, Brand Capital, and Standard Life Investments Ltd. The company employs fundamental analysis to make its investments.
ICICI Prudential Asset Management Company Ltd
IL&FS Investment Managers Ltd
It is one of the top investors across different sectors such as City Gas, Telecom, Retail, Shipyards, and Media. The investors of IIML managed funds are marquee global Institutional Investors and Indian Banks & Institutions. The company is listed on The Bombay Stock Exchange and National Stock Exchange.
JM Financial Asset Management Pvt Ltd was founded in the year 1994 and it is headquartered in Mumbai, India. The company operates as a subsidiary of JM Financial Ltd. The firm manages equity, fixed income, and balanced mutual funds for its clients. It is one of the top mutual fund companies in India. It is one of the top 10 mutual fund companies in India.
LIC Mutual Fund Asset Management Company Ltd
LIC Mutual Fund was established in the year 1989 by LIC of India. Being an associate company of India’s premier and most trusted brand, LIC Mutual Fund is one of the well known players in the asset management sphere. The company is among the top 10 mutual fund companies in India. The company today, is the largest life insurer in the world and has insured more than 250 million lives.
Reliance Nippon Life Insurance Company Ltd
Reliance Nippon Life Asset Management Ltd was originally incorporated as a public limited company with the name Reliance Capital Asset Management Ltd’ on February 24, 1995, at Ahmedabad. It is one of the largest asset management companies in India, managing (directly & indirectly) assets across mutual funds, pension funds, managed accounts, alternative investments and offshore funds.The Company offers a wide range of financial products, including individual and group life and annuity policies.
UTI Asset Management Co Ltd (UTIAMC)
UTI Asset Management Company LTD (UTI AMC) was founded in the year 2002. The leading mutual fund company had started its operations in the year 2003. The company is mainly promoted by four sponsors including Life Insurance Corporation of India, Punjab National Bank, Bank of Baroda.