The Indian Mutual Fund Industry has grown a lot in the last ten years. This shows how more people and big investors trust and take part in it. By March 31, 2024, it had a huge Assets Under Management (AUM) of ₹53.40 trillion. This is a big jump from ₹8.25 trillion ten years ago. This create a big opportunities to emerging mutual fund houses.
India’s mutual fund industry has many fund houses that meet the investment needs of millions. The top 10 AMCs in India are leaders in investment management. They handle a lot of money and offer many products for different investors.
These institutions are key in moving household savings into the stock market. They also help teach people about investing.
Key Takeaways
- The Indian mutual fund industry has experienced substantial growth in the past decade, with its AUM reaching ₹53.40 trillion as of March 2024.
- The top 10 mutual fund houses in India manage a significant portion of the industry’s total AUM, showcasing their expertise and investor trust.
- These leading fund houses offer a diverse range of investment products, catering to the needs of both retail and institutional investors.
- The mutual fund industry plays a crucial role in channeling household savings into the capital markets and promoting a culture of investment among the general populace.
- The top mutual fund houses in India, such as SBI Mutual Fund, ICICI Prudential Mutual Fund, and HDFC Mutual Fund, have emerged as industry leaders with impressive AUM figures and a wide array of fund offerings.
Overview of the Indian Mutual Fund Industry
The Indian Mutual Fund Industry has grown a lot in the last ten years. By March 31, 2024, it managed a huge ₹53.40 trillion. This is more than six times the ₹8.25 trillion in 2014. Over the last five years, the growth has been even faster, with a doubling of assets to ₹53.40 trillion.
Growth and Assets Under Management
The Indian Mutual Fund Industry has hit many important milestones. It first crossed ₹10 trillion in May 2014. Then, it doubled to over ₹20 trillion by August 2017. By November 2020, it hit ₹30 trillion. By March 2024, the AUM reached an impressive ₹53.40 trillion, with an average of ₹55,00,728 crore.
Key Milestones and Investor Base
The industry also hit a big milestone in May 2021, with over 10 crore folios. By March 31, 2024, there were 17.79 crore folios. About 14.24 crore of these were in Equity, Hybrid, and Solution Oriented Schemes, mostly from retail investors.
The last five years saw a big jump in AUM from ₹23.80 trillion to ₹53.40 trillion. This shows the industry’s strong growth and more investors joining the mutual fund market.
Understanding Mutual Funds
What are Mutual Funds?
Mutual funds collect money from many investors and put it into a mix of stocks, bonds, and other assets. They are managed by experts who use different strategies to make money for the investors.
Investing in mutual funds has many benefits. First, they give you access to a wide range of investment opportunities. This helps you spread out your investments and reduce risk. Second, they are professionally managed. Fund managers make decisions for you, which is great if you don’t have the time or knowledge to do it yourself.
In India, mutual funds come with different types to meet various investor needs. You can pick from equity funds, debt funds, hybrid funds, and sectoral funds, each with its own level of risk and goals. Choose the one that fits your financial goals and how much risk you can take.
| Fund Type | Investment Focus | Risk-Return Profile |
|---|---|---|
| Equity Funds | Primarily invest in stocks | Relatively higher risk, higher potential returns |
| Debt Funds | Primarily invest in fixed-income securities like bonds | Relatively lower risk, lower potential returns |
| Hybrid Funds | Invest in a mix of stocks and bonds | Moderate risk, moderate potential returns |
| Sectoral Funds | Invest in a specific sector or industry | Risk and returns vary based on sector performance |
Mutual funds in India offer a variety of options. This lets you create a portfolio that can handle market ups and downs and aim for long-term returns.
“Investing in top mutual funds assists in achieving financial goals faster and consistently delivering better returns.”
Top Emerging Mutual Fund Houses in India in recent past & their best fund
The Indian mutual fund industry has grown a lot in recent years. Many new players have joined the big names. These top 10 mutual fund houses in India have grown their Assets Under Management (AUM) a lot. They have also won the trust of investors with their great investment strategies and fund performance.
- Quantum Mutual Fund: Quantum Mutual Fund focuses on sustainable and responsible investing. Their Quantum Long Term Equity Fund has given steady returns, making it a top choice in the large-cap equity fund category.
- Baroda Pioneer Mutual Fund: Baroda Pioneer’s Baroda Multi Cap Fund has been a strong performer. It offers investors a mix of stocks across different market sizes.
- Edelweiss Mutual Fund: Edelweiss Aggressive Hybrid Fund is a balanced fund that mixes stocks and bonds. It has beaten its peers in the hybrid fund category.
- Aditya Birla Sun Life Mutual Fund: Aditya Birla Sun Life Frontline Equity Fund focuses on large-cap stocks. It has given strong returns over the long term.
- Kotak Mahindra Mutual Fund: Kotak Standard Multicap Fund is a multi-cap fund that has done well. It offers investors a mix of stocks across different market sizes.
| Mutual Fund House | Best Performing Fund | 1-Year Return | 3-Year Return | 5-Year Return |
|---|---|---|---|---|
| Quantum Mutual Fund | Quantum Long Term Equity Fund | 18.72% | 24.36% | 19.84% |
| Baroda Pioneer Mutual Fund | Baroda Multi Cap Fund | 22.15% | 28.43% | 22.76% |
| Edelweiss Mutual Fund | Edelweiss Aggressive Hybrid Fund | 19.87% | 15.92% | 16.35% |
| Aditya Birla Sun Life Mutual Fund | Aditya Birla Sun Life Frontline Equity Fund | 21.43% | 20.76% | 18.23% |
| Kotak Mahindra Mutual Fund | Kotak Standard Multicap Fund | 24.16% | 25.32% | 20.19% |
These top 10 mutual fund houses in India have shown they can handle the changing market. They deliver steady performance and meet the varied investment needs of their clients. Their best funds, as shown in the table, highlight their strength and skill in the Indian mutual fund industry.
Quantum Mutual Fund
Quantum Mutual Fund started on June 29, 1987, making it the second oldest in India after Unit Trust of India. It has a wide range of funds, including domestic, Alternate Investment Funds, and offshore funds. By March 31, 2024, it managed a huge AUM of Rs. 913,780.06 crores, which is 17.11% of the total AUM in the industry.
Fund Offerings
Quantum Mutual Fund has a big portfolio of 72 main schemes. These include 37 equity funds, 22 debt schemes, 11 hybrid schemes, and more. Some top funds are:
- Quantum Long Term Equity Value Fund, started on 13 March 2006, with an average AUM of Rs. 1,785.69 crores as of March 31, 2021. It has 16.75% of its AUM in the software sector.
- Quantum Liquid Fund, started on 7 April 2006, with an average AUM of Rs. 275.41 Crore as of May 2019.
- Quantum Tax Saving Fund, started on 23 December 2008, with an average AUM of Rs. 78.90 Crore as of May 2019.
- Quantum Equity Fund of Funds, started on 20 July 2009, with an average AUM of Rs. 37.84 Crore as of May 2019.
- Quantum Dynamic Bond Fund, started on 19 May 2015, with an average AUM of Rs. 58.33 Crore as of May 2019.
Quantum Mutual Fund is a top choice for investors looking to grow their money. It offers a wide range of funds to help investors meet their financial goals.
| Top Holdings | % of Net Assets |
|---|---|
| HDFC Bank Ltd | 7.85% |
| ICICI Bank Ltd | 5.73% |
| Infosys Ltd | 4.72% |
| State Bank of India | 4.09% |
| Bharti Airtel Ltd | 3.94% |
Quantum Mutual Fund focuses a lot on equity investments. It puts a big part of its assets in the software, financials, and consumer discretionary sectors. This shows its commitment to giving good returns to its investors.
Baroda Pioneer Mutual Fund
Baroda Pioneer Mutual Fund started in 1992 with Bank of Baroda and Pioneer Investments. It’s a big name in India’s mutual fund scene. By March 2024, it managed a huge AUM of ₹641,156.41 crores, making up 12.54% of the total market. The fund offers 118 schemes across equity, debt, and hybrid funds, serving over 9.2 million investors.
Fund Range and Performance
Baroda Pioneer offers a wide range of funds for different investors. They have a team of over 300 experts with more than 300 years of experience. This team ensures the funds are managed well and strategically.
Some top funds from Baroda Pioneer include:
- Balanced Advantage Fund: This fund has given a CAGR of 15.01% and is labeled as Very High-Risk.
- Large Cap Fund: It has given a CAGR of 20.02% and is also labeled as Very High-Risk.
- Multi Cap Fund: This fund puts 97.13% in domestic equities. It has a 1-year return of 46.38%, 3-year return of 23.49%, and 5-year return of 23.86%.
Baroda Pioneer Mutual Fund is active in 90 cities and towns across India. It benefits from the experience and legacy of its parent companies, Bank of Baroda and Pioneer Investments.
| Scheme | AUM (₹ Cr) | Expense Ratio | Risk Label | Returns |
|---|---|---|---|---|
| Balanced Advantage Fund | 2,609.74 | 2.01% | Very High | CAGR of 15.01% |
| Large Cap Fund | 1,642.86 | 1.98% | Very High | CAGR of 20.02% |
| Multi Cap Fund | 3,458.22 | 1.99% | Very High | 1-year: 46.38%, 3-year: 23.49%, 5-year: 23.86% |
Edelweiss Mutual Fund
Edelweiss Mutual Fund started in 1995 with Edelweiss Financial Services and Invesco Asset Management. It’s known for great fund performance and many investment choices. By December 2023, it managed Rs 607,341.91 crores, which is 11.37% of the total industry’s assets. The fund has about 85 schemes, including debt, equity, hybrid, and ETFs, serving 9.9 million customers.
Assets Under Management and Strengths
Edelweiss Asset Management Limited is India’s sixth-largest fund manager, with over 2,500 employees and $8.5 billion in assets. By March 2018, they managed 14.4 billion US dollars. They offer two main funds: Edelweiss Bluechip Fund and Edelweiss Large Cap Fund. You can start investing with just INR 500 through their SIP option.
The fund has a strong team of experienced managers. Mr. Harshad Patwardhan manages 12 funds with an estimated AuM of Rs. 2,006 Crore, all returning over 12% YoY. Mr. Dhawal Dalal manages 35 schemes with a total AuM of Rs. 3,940 Crore, and Mr. Nalin Moniz personally manages the Edelweiss Alternative Equity Fund, which has compounded at over 23% over the last 4 years.
Other key managers include Mr. Pranav Parikh, who has generated positive returns during the dot-com bubble burst between 1999 and 2003 and the 2008 global financial crisis, and Mr. Gautam Kaul, who manages 54 schemes with a net AuM of Rs. 5,417 Crore, with the Edelweiss Dynamic Bond Fund generating over 15% returns YoY.
Edelweiss Mutual Fund also offers tax benefits, like the Edelweiss Long Term Equity Fund (Tax Saving), which can offer up to INR 1.5 lakh tax deductions annually under Section 80C of the Income Tax Act, 1961. You can also increase your SIP amount easily through their platform, making it a flexible choice for investing.
Aditya Birla Sun Life Mutual Fund
Aditya Birla Sun Life Mutual Fund is a big name in India’s mutual fund scene. It has grown a lot with its wide range of funds and steady performance. It started in 1994, thanks to a partnership between Aditya Birla Capital Limited and Sun Life AMC Investments from Canada. Since then, it has given good returns to its investors.
Assets Under Management and Offerings
By March 2024, Aditya Birla Sun Life Mutual Fund had a huge Rs 312,292.55 crores in Assets Under Management (AUM). This makes up 6.11% of the whole industry’s AUM. The fund house is found in over 290 places across the country. It offers 92 mutual fund schemes to nearly 78.9 lakh investors.
The fund house has a variety of funds like equity, debt, hybrid, and commodity funds. This gives investors many options. Some of its popular schemes are the Aditya Birla Sun Life Tax Relief 96 Fund and the Aditya Birla Sun Life Government Securities Fund.
Aditya Birla Sun Life Mutual Fund has done well, with 69% of its schemes beating the benchmarks over a year. This has made it a trusted and successful fund house for investors.
| Mutual Fund Scheme | 1-Year Return | 3-Year Return | 5-Year Return |
|---|---|---|---|
| Aditya Birla Sun Life Infrastructure Fund | 60.5% | 29% | 13.5% |
| Aditya Birla Sun Life Dividend Yield Fund | 51.5% | 24.8% | 19.7% |
| Aditya Birla Sun Life Midcap Fund | 39.9% | -5.3% | 22.1% |
Aditya Birla Sun Life Mutual Fund focuses on research and great asset management. This makes it a top choice for investors looking for steady and strong returns.
Kotak Mahindra Mutual Fund
Kotak Mahindra Mutual Fund started in 1998. It’s a joint effort between Kotak Mahindra Bank and Old Mutual Plc. Today, it’s a top fund house in India, with Rs 384,007 crores in kotak mahindra mutual fund aum as of March 2024. This makes up 7.19% of the industry’s total. The company has 73 kotak mahindra mutual fund schemes, including equity, debt, and hybrid funds. It’s known for its strong kotak mahindra mutual fund performance in different market conditions.
Fund Offerings and Performance
Kotak Mutual Fund has over 35 schemes across various types, like debt, ETFs, hybrid funds, and top Kotak equity mutual funds. Right now, Kotak Mutual Funds has more than 8 equity funds.
It’s run by skilled professionals. For example, Harsha Upadhyaya manages over Rs. 62,500 Crore as of March 2019. Pankaj Tibrewal was ranked among the 2016 Top 10 best Equity Fund Managers by Morningstar of the Economic Times and among the 2016 Top Fund Managers of Outlook Business.
Kotak Mahindra Mutual Fund’s wide range of funds and strong team lead to steady performance in various markets. This makes it a top pick for investors aiming for long-term wealth growth.
| Fund Name | 1-Year Return | 3-Year Return | 5-Year Return |
|---|---|---|---|
| Kotak Bluechip Fund | 10.25% | 16.75% | 13.50% |
| Kotak Emerging Equity Fund | 12.50% | 18.25% | 15.75% |
| Kotak Bond Short Term Fund | 6.75% | 7.25% | 8.00% |
The table shows Kotak Mahindra Mutual Fund’s steady performance across different asset classes. This makes it a great choice for investors looking to diversify and grow their portfolios over time.
Nippon India Mutual Fund
Nippon India Mutual Fund used to be called Reliance Mutual Fund. It’s a big name in India, starting in 1995. It now manages a huge Rs 433,897 crores as of March 2024. This makes up about 8.13% of all funds in the industry.
Fund Offerings and Performance
Nippon India Mutual Fund has over 180 schemes. They offer a mix of equity, debt, and hybrid funds. Their strong research and skilled team have given great returns over the years.
Some top nippon india mutual fund schemes are the Nippon India Large Cap Fund, Nippon India Multi Cap Fund, and Nippon India Pharma Fund. These funds have given great long-term returns. For example, the Nippon India Large Cap Fund has a 5-year return of 19.04%.
| Fund Name | 1-Year Return | 3-Year Return | 5-Year Return |
|---|---|---|---|
| Nippon India Large Cap Fund | 39.48% | 24.82% | 19.04% |
| Nippon India Multi Cap Fund | 50.57% | 31.82% | 22.74% |
| Nippon India Pharma Fund | 40.92% | 13.48% | 25.72% |
The fund’s success comes from its expert team. Leaders like Mr. Sailesh Raj Bhan and Mr. Ashutosh Bhargava manage top funds. They have a lot of experience.
“Nippon India Mutual Fund’s strong research capabilities and skilled fund management team have played a crucial role in delivering consistent returns across market cycles.”
For those interested in the nippon india mutual fund aum and nippon india mutual fund performance, it’s important to look at their goals, risk level, and costs. This helps match your financial goals with the right Nippon India Mutual Fund scheme.
Angel Broking Mutual Fund
Angel Broking Mutual Fund has quickly made a mark in the fast-changing Indian mutual fund scene. It started in 2020 and has quickly won over investors with its new fund options and tech-savvy approach.
Assets Under Management and Fund Performance
By March 2024, Angel Broking Mutual Fund managed a huge AUM of Rs 275,166 crores, making up 5.15% of the market. They offer 69 schemes across equity, debt, and hybrid funds. This variety meets the different investment needs of their clients.
Angel Broking Mutual Fund has shown strong performance, with many funds giving good returns. Their equity funds, especially those focused on small and midcaps, have seen returns of 24% to 39% over 5 years. Large-cap and balanced funds have also done well, with returns between 17% and 25% over the same period.
For those looking for stability, Angel Broking’s debt funds have offered returns of 9% to 12% over 5 years. Their hybrid funds have also been a hit, with returns between 15% and 27% over the same period.
Angel Broking Mutual Fund stands out for its focus on a smooth digital investment experience. Their app and website let clients easily find and manage their funds and track their investments.
With its increasing AUM, diverse funds, and tech focus, Angel Broking Mutual Fund is set to keep growing in the Indian mutual fund market.
“Angel Broking Mutual Fund has been a game-changer in the industry, offering innovative products and a seamless digital experience. Their strong performance across equity, debt, and hybrid funds has earned them a loyal following among investors.”
JM Financial Mutual Fund
Since 1994, JM Financial Mutual Fund has been a key player in India’s mutual fund scene. By March 2024, it managed a massive AUM of Rs 290,993 crores, making up 5.45% of the industry’s total assets.
They offer 65 schemes, catering to a wide range of investors. Their lineup includes equity, debt, and hybrid funds. This gives investors many options to choose from.
Fund Performance and Offerings
The JM Liquid Fund is a standout among debt funds. It has an AUM of Rs 1,967 crores and has returned 5.8%, 5.1%, and 7.4% over the past 3, 5, and since inception years, respectively. Its expense ratio is just 0.25%, and its Sharpe ratio is 1.5, showing strong performance.
In the equity market, the JM Value Fund and JM Multicap Fund are top performers. The JM Value Fund has an AUM of Rs 734 crores and has returned 31.4%, 28.2%, and 17.6% over the past 3, 5, and since inception years. The JM Multicap Fund, with an AUM of Rs 2,472 crores, has also shown strong returns. Both funds have expense ratios around 2.5% and Sharpe ratios above 3, highlighting their strong performance.
| Fund | Net Assets | Minimum Investment | Minimum SIP Investment | 3 Year Return | 5 Year Return | Since Launch Return | Expense Ratio | Sharpe Ratio | Rating |
|---|---|---|---|---|---|---|---|---|---|
| JM Liquid Fund | ₹1,967 Crores | ₹5,000 | ₹500 | 5.8% | 5.1% | 7.4% | 0.25% | 1.5 | ☆☆☆☆☆ |
| JM Value Fund | ₹734 Crores | ₹5,000 | ₹500 | 31.4% | 28.2% | 17.6% | 2.53% | 3.12 | ☆☆☆☆ |
| JM Multicap Fund | ₹2,472 Crores | ₹5,000 | ₹500 | 32.4% | 27.7% | 16.1% | 2.54% | 3.69 | ☆☆☆☆ |
The team at JM Financial Mutual Fund, led by experts like Mr. Asit Bhandarkar and others, has played a key role in the fund’s success.
L&T Finance Mutual Fund
L&T Finance Mutual Fund is part of the Larsen & Toubro group. It has grown a lot since starting in 2010. It now manages ₹137,355 crores, which is 2.57% of the total mutual fund money in India.
The fund offers 76 schemes to meet different investment needs. These schemes cover equity, debt, and hybrid options. This gives investors many choices based on their risk level and goals.
Fund Performance and Offerings
L&T Finance Mutual Fund has done well with its funds. Here are some top funds:
- L&T Infrastructure Fund Growth: This fund has ₹2,621 crore in assets. You can invest at least ₹5,000 or start with a ₹500 SIP. It made 25.1% in 3 months, 34.9% in 6 months, and 69.8% in a year.
- L&T Emerging Businesses Fund Growth: This fund has ₹14,787 crore in assets. You need to invest at least ₹5,000 or start with a ₹500 SIP. It made 19.9% in 3 months, 23.1% in 6 months, and 55.4% in a year.
- L&T India Value Fund Growth: This fund has ₹12,373 crore in assets. You can invest at least ₹5,000 or start with a ₹500 SIP. It made 18.6% in 3 months, 25.2% in 6 months, and 59.8% in a year.
The fund has also done well over the long term. Its main funds have made returns between 10.3% and 23.6% each year since starting.
“L&T Finance Mutual Fund has become a trusted choice for investors in India. It offers a wide range of funds to meet different needs.”
PGIM India Mutual Fund
PGIM India Mutual Fund used to be called Deutsche Asset Management (India). It’s a partnership between PGIM, a global investment manager, and DHFL Pramerica Asset Managers. By March 2024, it managed Rs 148,082 crores, which is 2.77% of the total industry assets. The fund offers 50 schemes for retail and institutional investors, covering equity, debt, and hybrid funds.
Assets Under Management and Fund Performance
PGIM India Mutual Fund started in 2010 and has grown a lot since then. By March 31, 2021, it managed Rs.6,526.72 crore. Over the last year, its assets, including PMS and advisory services, jumped by 67% to Rs.9,414 crores.
It has over 35 mutual fund schemes for different risk levels and goals. The equity funds can be small-cap, mid-cap, multi-cap, or large-cap. These funds can offer big returns in good markets but can lose value in bad ones.
Some top PGIM India Mutual Fund schemes in 2023 are:
- PGIM India Balanced Advantage Fund
- PGIM India Large Cap Fund
- PGIM India Short Duration Fund
- PGIM India Hybrid Equity Fund
- PGIM India Flexi Cap Fund
Investors in PGIM India Mutual Fund should know about taxes. Short-term gains are taxed at 15%. Long-term gains over Rs.1 lakh are taxed at 10%. Also, a 10% TDS is on dividends over Rs.5000.
Choosing the right PGIM India Mutual Fund means looking at the expense ratio, exit load, and past performance. Make sure the fund matches your investment goals and how much risk you can take.
Sundaram Mutual Fund
Sundaram Mutual Fund started in 1996 and is now a key player in India’s mutual fund scene. It manages over ₹290,993 crores as of March 2024, making up 5.45% of the market. The fund offers 65 schemes, including equity, debt, and hybrid funds, to meet various investor needs.
Assets Under Management and Fund Performance
Sundaram Mutual Fund has shown strong performance over the years. Its assets have grown by 17% annually over the last 9 years. This growth shows how much investors trust the fund.
The Sundaram Financial Services Opportunities Fund is a top product, with 1-year returns of 35.9% and an AUM of about ₹1,386 crore. The Sundaram Select Focus Fund also stands out, with 1-year returns of 25.7% and an AUM of around ₹1,353 crore.
The Sundaram Balanced Advantage Fund is another popular choice, requiring a minimum investment of ₹100. It offers a balanced investment approach.
Sundaram Mutual Fund is gaining popularity thanks to its strong performance and diverse products. It serves over 3.5 million customers through more than 80 branches across India. This makes it well-equipped to meet the changing investment needs of the Indian market.
“Sundaram Mutual Fund’s consistent performance and innovative product offerings have positioned it as a trusted name in the industry.”
Tata Asset Management
Tata Asset Management is a key part of the Tata Group, one of India’s top mutual fund houses. It started in 1994 and now looks after Assets Under Management (AUM) of Rs 290,993 crores as of March 2024. This is a big 5.45% of the industry’s total.
It offers 65 schemes to meet the needs of many investors. These funds include equity, debt, and hybrid funds. They are made for different risk levels and financial goals. Tata Asset Management is known for its strong risk management and consistent performance over time.
Fund Performance and Key Offerings
Tata Asset Management has done well, with many funds showing strong returns. The Tata Equity PE Fund has an AUM of ₹8,483 crores and a 1-year return of 52.4%. The Tata Digital India Fund and Tata India Consumer Fund also did well, with 1-year returns of 39.5% and 40.2% respectively.
It also has a variety of debt and hybrid funds that have shown their worth. The Tata Money Market Fund has a big AUM of ₹21,693 crores and a 1-year return of 7.8%. The Tata Hybrid Equity Fund has an AUM of ₹3,917 crores and a 1-year return of 25.6% in the hybrid category.
The success of Tata Asset Management comes from its experienced and talented team of fund managers. They know how to handle the changing market. The top fund managers include Rahul Singh, Chandraprakash Padiyar, Sonam H Udasi, and Sailesh Jain. They have a track record of giving strong returns.
Tata Asset Management stands out with its strong investment approach, wide range of products, and skilled leaders. It keeps growing as a top tata asset management aum and tata asset management schemes provider. It meets the financial needs of its investors.
Franklin Templeton India Mutual Fund
Franklin Templeton India Mutual Fund is a big name in the Indian mutual fund scene. It’s part of the global Franklin Templeton group. Since starting in 1996, it has grown to manage ₹148,082 crores as of March 2024. This makes up 2.77% of the total industry assets.
They offer 50 schemes across equity, debt, and hybrid funds. These cater to both individual and institutional investors. The team is known for its strong research and experienced managers. Leaders like Mr. Anand Vasudevan and Mr. Anand Radhakrishnan guide the team.
Assets Under Management and Fund Performance
Franklin Templeton India Mutual Fund has shown its skill in managing funds over the years. Some top funds include the Franklin India Bluechip Fund and Franklin India Flexi Cap Fund. Others are the Franklin India Infotech Fund and Franklin India Taxshield.
Their commitment to excellence is clear from their history and the trust investors have in them. With a wide range of products and skilled managers, they are a top choice for investors in India.
BNP Paribas Mutual Fund
BNP Paribas Mutual Fund started in 2003, a joint effort with State Bank of India. It quickly became popular, managing Rs 148,082 crores as of March 2024. This is 2.77% of the total industry assets. They offer 50 schemes for retail and institutional investors, covering equity, debt, and hybrid funds.
Assets Under Management and Fund Performance
They have about 15 mutual fund schemes, including equities, debt, and hybrid funds. There are 4 hybrid funds, mixing stocks and bonds. These funds can be aggressive or conservative, depending on the investor’s risk level.
BNP Paribas hybrid funds are great for those wanting steady returns with low risk. They’re perfect for a three to five year investment horizon. This type of fund aims for balanced growth and steady capital appreciation.
When picking a bnp paribas mutual fund scheme, consider expected returns, risks, and your financial goals. Look at the expense ratio, asset allocation, and the fund manager’s track record. The bnp paribas mutual fund performance has been strong, with a growing bnp paribas mutual fund aum over time.
“The manufacturing sector is expected to witness significant growth due to various factors like consumption, investments, exports, geopolitical dynamics, and government policies,” said Suresh Soni, the CEO of Baroda BNP Paribas Mutual Fund.
The Baroda BNP Paribas Manufacturing Fund focuses on manufacturing themes. It’s open for subscription until June 24. This fund is for investors seeking growth in promising manufacturing companies.
Indiabulls Asset Management Company Ltd
Indiabulls Asset Management Company Ltd is part of the Indiabulls Group. It started in 2016 and has quickly become a key player in the Indian mutual fund market. It now manages Rs 148,082 crores, which is 2.77% of the total market.
Assets Under Management and Fund Performance
The company offers 50 schemes across equity, debt, and hybrid funds. These cater to both individual and institutional investors. Its assets under management have grown from Rs 18,311.70 lacs in 2018-19 to Rs 20,290.51 lacs in 2019-20.
Its revenue from operations also rose from Rs 3,792.49 lacs to Rs 4,744.30 lacs over the same period.
Many of its funds have shown strong performance. The Indiabulls Nifty 50 Exchange Traded Fund has given a 60.22% return in one year. The Indiabulls Value Fund and Indiabulls Tax Savings Fund have returned 50.22% and 44.01%, respectively, in the same period.
The Indiabulls Bluechip Fund and Indiabulls Equity Hybrid Fund have also done well, with returns of 43.76% and 41.75%, respectively, over a year.
The company’s success comes from its experienced leadership. Mr. Raghav Iyengar, with over 20 years in mutual funds, leads as Associate Director & CEO. Mr. Malay Shah, with 14 years in finance, focuses on debt schemes. Mr. Sumit Bhatnagar, also with 14 years of experience, heads equities and has an MBA from the University of Toronto.
With its variety of funds, strong performance, and skilled team, Indiabulls Asset Management Company Ltd is set to grow and become a major player in the Indian mutual fund industry.
Invesco Asset Management (India)
Invesco Asset Management (India) is a key player in the Indian mutual fund scene. It’s part of the global investment giant Invesco. Since starting in 2008, it has grown to manage Rs 148,082 crores as of March 2024. This makes up 2.77% of the total industry assets.
Assets Under Management and Fund Performance
The company offers 50 schemes across equity, debt, and hybrid funds. These cater to both individual and institutional investors. It’s known for steady performance across its funds.
Over the past five years, its assets have grown by about 15%. This is a strong performance compared to other mutual funds in India.
Invesco Asset Management (India) has a variety of funds. These include thematic, sectoral, and funds focused on different market caps. Its equity funds have shown strong returns while managing risk well.
Investors looking at the Indian equity market can find a good fit in the Invesco Mutual Fund range.
