10 Best Mutual Fund Companies in India to invest in 2022

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10 Best Mutual Fund Companies in India to invest in 2022

Last Updated on December 2, 2021 by Chitale CFS Pvt Ltd

Some Best Mutual fund Companies in India offer a great way to invest your money. You can get better returns than traditional investment asset classes and even beat inflation.

Investing in top performing Mutual funds companies in India is a great approach to start your investment journey. They’re professionally managed and diversified, so they help reduce risk while offering the potential for higher returns.

If you read our mutual fund investment guide, you will understand why more and more investors are choosing mutual funds than any other investment vehicle.

What are Asset Management Companies (AMCs)?

An Asset Management Company, or AMC, is a company that invests in assets on behalf of its clients. These assets may include stocks, bonds, real estate, and other types of investments. An AMC typically charges a management fee in order to cover its costs and generate a profit.

Mutual Funds offered by these AMCs are managed by professionals called Fund Managers who make investment decisions on behalf of the fund’s shareholders.

The most important role of a fund manager is to ensure that the money entrusted to them is prudently managed. They need to make good investment decisions that will grow the fund’s assets over time.

To do this, they need to have a good understanding of the financial markets and the products available. They also need to be able to identify opportunities and risks involved in each investment.

A fund manager also needs to be able to communicate effectively with the stakeholders. They need to be able to explain the risks and rewards associated with each investment so that clients can make informed decisions.

Role of SEBI in Asset Management Companies:

The Securities and Exchange Board of India, or SEBI, is the regulatory authority for the securities market in India. This includes the mutual fund industry.

SEBI is responsible for ensuring that all mutual funds in India are registered and meet the necessary requirements.

It also oversees the operations of mutual funds to ensure that they comply with the law. SEBI does this by approving prospectuses, issuing all rules and regulations related to mutual funds, assuring compliance with these regulations, approving the appointment of AMCs, supervising AMCs, and taking necessary penal action against those who fail to comply.

Best Mutual Fund Companies in India:

Mutual fund companies are also called Asset Management Companies (AMCs) in India. Before checking the list of top performing mutual fund companies, lets checkout some basic facts about these companies, like how mutual fund AMCs work, how mutual fund AMCs are formed, what is the role of SEBI etc.

These AMCs offer both regular and direct mutual fund plans. We always recommend investors to choose regular mutual fund plan instead of direct plans as regular mutual funds provide numerous financial benefits. When you check the key differences between direct vs regular mutual funds, you will understand why regular mutual funds are better than direct mutual funds!

List of top 10 mutual fund AMCs to invest in India:

Here is a list of best 10 AMCs in India. Please note that this is not a ranking. We have only created this list of top 10 AMCs in India irrespective to their asset under management, number of schemes, NAV, number of investors etc.

Please also note that this list is prepared only for educational purpose and we do not guarantee that these AMCs will give you the best returns on investment. Always consult an expert before investing in mutual funds.

ICICI Prudential Asset Management Co Ltd:

ICICI Prudential Asset Management Co is one of the best Asset Management Companies in India. It is a joint venture between ICICI Bank and Prudential Plc. The company claims to manage 250+ Schemes serving 62 Lakhs+ investors and AUM of over 4,80,992 Crores as on 31st October 2021.  

HDFC Asset Management Co Ltd:

HDFC AMC is one of India’s largest mutual fund managers set up as a joint venture between Housing Development Finance Corporation Limited (“HDFC”) and Standard Life Investments Limited. The company claims to manage retail and institutional customer base of 90+ Lakhs live accounts.

Aditya Birla Sun Life AMC Ltd:

Aditya Birla Sun Life AMC Limited (ABSLAMC, formerly known as Birla Sun Life Asset Management Company Limited), is a joint venture between the Aditya Birla Capital Limited and Sun Life (India) AMC Investments Inc. ABSLAMC is one of the leading asset managers in India, serving 280 plus locations and a total AUM of over Rs.3,12,000 Crores and managing 70 Lakhs+ investor folios for the quarter ending September 30, 2021.

Kotak Mahindra Asset Management Company Co Ltd:

Kotak Mahindra was the first Indian non-banking financial company to be given a banking license by the Reserve Bank of India in February 2003. Company claims that it is the 5th largest mutual fund companies in India with a customer base of 70 Lakhs+ and AUM of 2,70,000 Crores

Axis Asset Management Co Ltd:

Axis Mutual Fund launched its first scheme in October 2009 and now serving more than 60 Lakh customers. 

Canara Robeco Asset Management Company Ltd:

Canara Robeco is India’s second oldest asset manager, in existence since 1993, when we were known as Canbank Mutual Fund. In 2007, Canara Bank partnered with Robeco group by way of a joint venture and the mutual fund was renamed as Canara Robeco Mutual Fund. Company claims to manage AUM of Rs.44,304 Crores and a customer base of 25 Lakh+ investors.

Mirae Asset Investment Managers (India) Pvt Ltd:

Mirae Asset Investment Managers is one of the leading mutual funds AMCs in India. The company claims to manage 44 Lakh+ folio and has 99,451 Crores in AUM as of 31st October 2021.

Tata Asset Management Ltd:

Established in 1994, Tata Asset Management has a track record of more than 25 years in investment management. Tata Asset Management manages investments of Tata Mutual Fund. The company manages AUM of Rs.84,700 Crores.

Invesco Asset Management (India) Pvt Ltd:

Invesco Asset Management is one of the leading mutual fund AMCs in India. The company claims to manage AUM of INR 42,881.48 Crores as on quarter ending September 2021.

SBI Funds Management Pvt Ltd:

SBI Funds Management Pvt Ltd is a joint venture between between SBI and AMUNDI (France), one of the world’s leading fund management companies. SBI FM manages AUM of Rs.4,62,900 Crores. 

To summarize above list of best mutual fund AMCs in India, we have created a table below:

AMC AUM
ICICI Pru AMC Ltd 4,80,992 Crores
HDFC AMC Ltd 4,89,100 Crores
Aditya Birla Sun Life AMC Ltd 3,12,000 Crores
Kotak Mahindra AMC Ltd 2,70,000 Crores
Axis AMC Ltd 2,55,900 Crores
Canara Robeco AMC Ltd 44,304 Crores
Mirae AIM Pvt Ltd 99,451 Crores
Tata AM Ltd 84,700 Crores
Invesco AM Pvt Ltd 42,881.48 Crores
SBI FM Pvt Ltd 4,62,900 Crores

Investing in mutual funds in India is not as complicated as people think it is. If you want to learn how to invest, we are here for you every step of the way.

Our experts will provide all the information you need so that making investment decisions becomes very easy. And if there are any questions along the way, our team members are always available by phone or email 24×7 all 365 days to hear you!

It’s easy to start with just Rs.1000 or more! We have experts that will help guide you through the process of choosing the right funds for your needs. It’s never too late to start investing on your own.

You can start investing in just minutes by connecting with us or over the phone – no paperwork required! We have complete online mutual fund investment process! Plus, we offer 24/7 access to your accounts through our mobile app.

It’s never been easier to take control of your financial future and enjoy peace of mind knowing that you have professional management by your side. Get started today!

Connect with us today at 8999116127 or 8087678759 or drop an email at sunil@chitalecfs.com or ameya@chitalecfs.com to start your investment journey today!

Disclaimer: Mutual Fund investment is subject to market risk, read scheme related documents carefully!

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