Top Mutual Fund Companies in India

Introduction

Before 1960, there was no information about mutual funds in India. After that, when UTI was established in 1963, mutual funds became a centre of attraction for investment. In 1987, the SBI Mutual Fund was established and in 1993, Indian companies like HDFC, ICICI, and Birla Sun Life entered the mutual fund sector. Mutual funds have an important place in the Indian financial system in 2025. Various mutual funds have performed remarkably in the last decade. Choosing a good mutual fund or AMC (Asset Management Company) is important for every mutual fund investment. The past performance of the AMC, the size of the fund, and their experience are important factors while making this decision. In the previous article, we gave you detailed information about what SIP is. In today's article, we are going to get detailed information about the top mutual fund companies in India.

1. SBI Mutual Fund

• Establishment and Background: SBI Mutual Fund was established on 29 June 1987. It is the most famous fund in India. SBI Mutual Fund is a joint venture between SBI and French company Amundi. This fund is the second oldest fund after UTI. Due to the network and trust of customers with SBI, SBI Mutual Fund has also gained special importance.

• Schemes: SBI Mutual Fund offers Equity, Debt, Hybrid, Growth Fund schemes, operating 118 schemes in total.

• Assets Under Management (AUM): As of 31 December 2024, the value of AUM is Rs. 11,16,706 crore, making it the largest AMC in India and highlighting strong customer trust.

• Performance: The flagship SBI Large Cap Fund has given an annualized return of 16.32% in the last 3 years and 19.42% in the last 5 years. SBI Small Cap Fund has an annualized return of 33.36% in the last 3 years.

2. ICICI Prudential Mutual Fund

• Background: Established in 1993 through collaboration between ICICI Bank and Prudential plc.

• AUM: Rs 9,08,282.10 crore as of 31 December 2024, making it the second-largest fund in India.

• Performance: Annualized return of 10.64% (3 years) and 27.82% (5 years).

3. HDFC Mutual Fund / HDFC AMC

• Position: Third largest and a leading mutual fund company in India.

• AUM: Rs. 7,93,714 crore as of 31 December 2024.

• Schemes: Approximately 126 fund schemes.

4. Nippon India Mutual Fund

• Background: Formerly Reliance Mutual Fund was started by Anil Ambani's Reliance Capital in 1995, owned by Japanese company Nippon Life Insurance.

• AUM: Rs. 5,69,954 crore as of October 2024.

• Schemes: Around 186 schemes.

5. Aditya Birla Sunlife Mutual Fund

• Management: Jointly managed by Aditya Birla Capital and Canadian company Sun Life.

• AUM: Rs 3,85,000 crore as of 31 December 2024.

• Performance: Annual returns around 10-15%.

• Schemes: Approximately 216 schemes.

6. Kotak Mahindra Mutual Fund

• Management: Managed by Kotak Mahindra Bank, established in 1998.

• AUM: Rs 4,92,719 crore as of 31 December 2024.

• Performance: 3-year annual return of 17.84% and 5-year return of 18.83% (as of 14 February 2025).

Other Important Mutual Funds in India

• Axis Bank Mutual Fund

• UTI Mutual Fund

• IDFC Mutual Fund

• DSP Mutual Fund

Conclusion

Before making any mutual fund investment decision, it is important to know about the mutual fund company i.e., AMC. To choose the right AMC, consider their experience, fund manager expertise, research team quality, and historical returns provided to investors. SBI Mutual Fund, ICICI Prudential, and HDFC AMC are the top three largest AMCs in India.

Frequently Asked Questions

1. Which is the largest mutual fund in India?

Answer: SBI Mutual Fund is the largest mutual fund in India when considering the value of AUM.

2. Which is the best mutual fund distributor in India?

Answer: Finshak is the fastest-growing mutual fund distributor in India and the entire Maharashtra region.

3. Which is the oldest mutual fund in India?

Answer: Union Trust of India (UTI) is the oldest mutual fund, established in 1963.

4. Which is the number one AMC in India?

Answer: SBI Mutual Fund Management is the largest Asset Management Company (AMC) in India.

5. What is a Blue-chip fund?

Answer: A blue-chip fund invests in large-cap and stable companies based on their past performance.

Note: Past performance of a mutual fund or its sponsor/AMC does not indicate or guarantee future returns.