Mutual funds are an under tapped market in India. Still only less than 10% of Indian households have ever invested in mutual funds. The main reason why Indian investors are not willing to put their money is because of high risk and lack of information about how mutual funds work.

The first mutual fund company of India was a public sector company called Unit Trust of India (UTI). It had monopoly on Indian market until 1987, but in 1993 the market opened for private players also. The first private player to enter was Kothari Pioneer.

We wrote this article to give you information about some of the top mutual fund companies operating in India. If you’d like then you could invest in mutual funds with these following companies.  Mutual Fund Companies in India

Mutual funds are very important for people living in urban cities of the country. Hence, you can read this article to know more about them.

Ranking System: We ranked companies on the basis of their volume. So first we have ranked large cap companies followed by small and mid cap companies.

Therefore following are the top 15 mutual fund companies in India.

1. BNP Paribas Equity Fund

BNP Paribas is Europe’s sixth largest asset manager company with over assets of 478 billion EURO in 40 countries. It is present in India also as a mutual fund company.

  • Total Revenue: Rs 127 Crore to Rs 150 Crore
  • Fund Type, Investment Plan and Minimum Investment: Open-Ended, Growth and Minimum investment of Rs 5000/-
  • Employees: 2000 to 3000
  • Headquarters: 62 Homji Street, Fort,Mumbai – 400001
  • Website: www.bnpparibasmf.in

2. Canara Robeco Large Cap+

Their different mutual funds are Equity Schemes, Hybrid Schemes, Debt Schemes, Fund of Fund and Exchange Traded Funds. It is a Dutch company of size $246 billion and spread around the world.

  • Total Revenue: Rs 105 Crore to Rs 120 Crore
  • Fund Type, Investment Plan and Minimum Investment: Open-Ended, Growth investment plan and Minimum Investment is Rs 5000/-
  • Employees: 1000 to 1500
  • Headquarters: Ballard Pier, Mumbai – 400001
  • Website: www.canararobeco.com

3. ICICI Prudential

ICICI Prudential Asset Management Company Ltd is the joint venture between ICICI and Prudential PIc. The company has been present for over 18 years in the country. It is spread around 150 cities in the country.

  • Total Revenue: Rs 4320 Crore to Rs 4500 Crore
  • Fund Type, Investment Plan and Minimum Investment: Fund Type is Open-Ended, investment plan is Growth and Minimum Investment is Rs 5000/-
  • Employees: 700 to 1000
  • Headquarters: Bandra East, Mumbai – 400051
  • Website: www.icicipruamc.com

4. UTI Opportunities

As I said earlier UTI is the first mutual fund company in India because it is a public sector company. Still, it is the most trusted company present in the country.

  • Total Revenue: Rs 1861 Crore to Rs 2000 Crore
  • Fund Type, Investment Plan and Minimum Investment: Fund Type is Open-Ended, investment plan is Growth and Minimum Investment of Rs 5000/-
  • Employees: 1500 to 2000
  • Headquarters: Bandra East, Mumbai 400051
  • Website: www.utimf.com

5. Birla Sun Life

It is a joint venture between Aditya Birla Group and the Sun Life Financial Services Inc of Canada. The company was established in 1994 and operates in more than 26 countries.

  • Total Revenue: Rs 382 Crore to Rs 400 Crore
  • Fund Type, Investment Plan and Minimum Investment: Fund Type is Open-Ended, investment plan is Growth and Minimum Investment of Rs 5000/-
  • Employees: 1500 to 1800
  • Headquarters: Andheri East, Mumbai, 400093
  • Website: www.mutualfund.birlasunlife.com

6. Mirae Emerging Bluechip Fund

Mirae Assest Financial Group is a Korean company established in the 1997. The founder of the company is Hyeon-Joo Park.

  • Total Revenue: Rs 139 Crore to Rs 150 Crore
  • Fund Type, Investment Plan and Minimum Investment: Fund Type is Open-Ended, investment plan is Growth and Minimum Investment of Rs 5000/-
  • Employees: 1000 to 1200
  • Headquarters: Santacruz East, Mumbai, 400098
  • Website: www.miraeassetmf.co.in

 

7. SBI Emerging Busi (G)

SBI Emerging has been present for over 25 years. SBI mutual fund is in joint venture between SBI and AMUNDI France. It is present over 222 cities across the country.

  • Total Revenue: Rs 1,192 Crore to Rs 1200 Crore
  • Fund Type, Investment Plan and Minimum Investment: Fund Type is Open-Ended, investment plan is Growth and Minimum Investment of Rs 2000/-
  • Employees: 2000 to 3000
  • Headquarters: Cuffe Parade, Mumbai, 400005
  • Website: www.sbimf.com

8. Tata Ethical Fund

Tata Ethical Fund is a mutual company that is subsidiary of Tata Groups. Currently MR F K Kavarana is the chairman.

  • Total Revenue: Rs 107 Crore to Rs 110 Crore
  • Fund Type, Investment Plan and Minimum Investment: Fund Type is Open-Ended, investment plan is Growth and Minimum Investment of Rs 5000/-
  • Employees: 1000 to 2000
  • Headquarters: Flora Fountain, Mumbai, 400001
  • Website: www.tatamutualfund.com

 

9. Axis Long Term Equity Fund

Axis long Term Equity Fund has over 460,000 investors and with 28 schemes. It is present in 70 cities with branch office in each city.

  • Total Revenue: Rs 634 Crore to Rs 650 Crore
  • Fund Type, Investment Plan and Minimum Investment: Fund Type is Open-Ended, investment plan is Growth and Minimum Investment of Rs 500/-
  • Employees: 1200 to 1500
  • Headquarters: Worli, Mumbai, 400025
  • Website: www.axismf.com

 

10. Kotak Nifty ETF

Kotak Mahindra Mutual Fund was founded in 1998 and has over 750,000 investors for various schemes.

  • Total Revenue: Rs 36.59 Crore to Rs 40 Crore
  • Fund Type, Investment Plan and Minimum Investment: Fund Type is Open-Ended, investment plan is Dividend as oppose to Growth and Minimum Investment of Rs 10,000/-
  • Employees: 500 to 1200
  • Headquarters: Nariman Point, Mumbai, 400021
  • Website: www.kotakmutual.com

11. HSBC Flexi Debt Fund

HSBC came to India some 25 years back. It is present in 87 countries with over 8000 offices.

  • Total Revenue: Rs 1026 Crore to Rs 1050 Crore
  • Fund Type, Investment Plan and Minimum Investment: a Fund Type is Open-Ended, investment plan is Growth and Minimum Investment of Rs 500,000/-
  • Employees: 500 to 1000
  • Headquarters: Fort, Mumbai, 400001
  • Website: www.assetmanagement.hsbc.com/in

12. Morgan Stanley STBF

Morgan Stanley has over 1200 offices in 36 countries. It was established in the year 1935 in New York City.

  • Total Revenue: Rs 259 Crore to Rs 265 Crore
  • Fund Type, Investment Plan and Minimum Investment: Fund Type is Open-Ended, investment plan is Growth and Minimum Investment of Rs 5000/-
  • Employees: 800 t0 1000
  • Headquarters: Charanjit Rai Marg, Mumbai, 400001
  • Website: www.msgfindia.com

13. Sundaram Debt STP

Sundaram Asset Management Company was founded in the year 1996.

  • Total Revenue: Rs 74 Crore to Rs 80 Crore
  • Fund Type, Investment Plan and Minimum Investment: Fund Type is Open-Ended, investment plan is Growth and Minimum Investment of Rs 5000/-
  • Employees: 400 to 600
  • Headquarters: Royapettah, Chennai, 600014
  • Website: www.sundarammutual.com

 

14. Reliance Money Mgr

Reliance Mutual Fund is one of the India’s leading Mutual Fund Company. It is present over 179 cities across country.

  • Total Revenue: Rs 4581 Crore to Rs 4600 Crore
  • Fund Type, Investment Plan and Minimum Investment: Fund Type is Open-Ended, investment plan is Growth and Minimum Investment of Rs 5000/-
  • Employees: 2000 to 3000
  • Headquarters: Elphinstone Road, Mumbai, 400013
  • Website: www.reliancemutual.com

15. Religare Invesco Credit Opp

The last mutual fund company is Religare Invesco Asset Management company. It is also operational in more than 20 countries.

  • Total Revenue: Rs 295 Crore to Rs 300 Crore
  • Fund Type, Investment Plan and Minimum Investment: Fund Type is Open-Ended, investment plan is Growth and Minimum Investment of Rs 5000/-
  • Employees: 1000 to 1200
  • Headquarters: Vile Parle Vast, Mumbai, 400021
  • Website: www.religareinvesco.com

 

You should go to every website given below and find out more about their schemes and different mutual funds.

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