Top 5 Mutual Funds in India
Mutual funds have recently become a popular means of investment, with many people opting to invest in them. Mutual funds not only provide strong returns, but also provide a methodical way to reach financial goals, which is one of the reasons for their current popularity.
For many years, India’s mutual fund business has played a significant part in the country’s economic development. However, many investors have flocked to the industry in recent years, with the last five years seeing a significant increase.
Many investors believe that an AMC with a great brand name will provide significant returns when looking for a suitable AMC to invest in. However, this is not technically correct. The success of funds is determined by various elements, including the fund managers’ expertise, the fund house’s size, NAV, previous 10-year performance, and started funds, among others. You must be wondering which mutual fund is best to invest in. We’ve compiled a list of the top 5 AMCs (Mutual Fund Investment Companies) in India and the best Mutual Fund plans they offer based on all of these aspects. Here are the top Mutual Fund companies in India:
- SBI Mutual Fund
SBI Mutual Fund is one of the best mutual funds in India. For more than three decades, the company has been active in the Indian mutual fund market. It was first released in 1987. SBI Bank (India’s largest bank) and AMUNDI (France), one of the world’s premier fund management businesses, have partnered to form the AMC. SBI Mutual Fund has a user base of around 54 lakhs. It provides programmes in various fund types to meet the varying needs of individuals. Investors interested in SBI Mutual Fund plans can choose from various top mutual funds in India based on their investing goals and ambitions. It is the best mutual fund to invest in today.
2. ICICI Prudential Mutual Fund
ICICI Mutual Fund, founded in 1993, is one of the country’s largest asset management firms. The fund company provides a wide range of business and retail investing options. By providing satisfactory product solutions and creative schemes, the fund company has maintained a robust customer base. As a result, the AMC has grown significantly in size, with a total investment opportunity of more than 2 million. The AMC offers a variety of Mutual Fund schemes, including equity, debt, hybrid, ELSS, liquid, and others. It is currently the best performing mutual funds in India.
3. HDFC Mutual Fund
HDFC Mutual Fund is one of India’s most well-known asset management companies. Its first programme was established in 2000, and the fund firm has seen steady growth since then. HDFC MF has earned the trust of a number of investors over the years and has established itself as one of India’s top achievers. With 4.4 trillion in assets under management, the AMC is India’s largest mutual fund manager.
4. DSP BlackRock Mutual Fund
DSPBR is the world’s largest publicly traded AMC. It provides a wide range of Mutual Fund schemes to meet the various investment demands of investors. It has a more than two-decade track record of investment excellence. The DSP Group, which has been immensely active in the expansion and professionalisation of India’s capital markets and money management business for over 150 years, has funded the AMC.
5. Aditya Birla Sun Life Mutual Fund
Birla Sun Life Mutual Fund provides solutions to assist investors in reaching their financial goals. The fund company specialises in a variety of investing goals, including tax reduction, personal savings, and wealth growth. They provide a variety of Mutual Fund schemes, including equity, debt, hybrid, ELSS, and Liquid Funds, among others. The AMC has a reputation for being dependable. For the quarter ended September 30, 2021, it has 7.3 million investor folios and a total AUM of approximately Rs. 3,120 billion across its mutual fund, portfolio management, Offshore, and real estate offerings. BSL Mutual Fund plans can be added to the portfolio of investors who seek to generate optimal returns.
