Top 10 Mutual Fund Companies in India

by khalid on 10/04/2011 · 0 comments

India is growing and financial system has a great impact on the economy of the country. The mutual fund companies are responsible for the robust economic growth. A mutual fund is a professionally-managed type of collective investment scheme that pools money from many investors to buy stocks, bonds, short-term money market instruments, and/or other securities.

A company of mutual funds is a group of funds that are marketed under one or more brand names, usually having the same distributor and investment advisor. There are several hundred companies of registered mutual funds in India, some with a single fund and others offering dozens. Many fund companies are units of a larger financial services company such as an asset manager, bank, brokerage, or insurance company.

Following is the list of Top 10 Mutual Fund Companies in India :-

RankMutual Fund CompanyCompany Creation DateAssets Under Management (Rs. Crore) 31st Mar 2011
1.Reliance Mutual Fund
30th June 1995
101,577
2.HDFC Mutual Fund
30th June 2000
86,282
3.ICICI Prudential Mutual Fund
25th November 1994
73,466
4.UTI Mutual Fund24th August 199867,189
5.Birla Sun Life Mutual Fund
24th December 1994
63,696
6.SBI Mutual Fund
29th June 1987
41,672
7.Franklin Templeton Mutual Fund
19th February 1996

37,883
8.Kotak Mutual Fund
23rd June 1998
32,202
9.DSP BlackRock Mutual Fund16th December 1996 30,601
10.Tata Mutual Fund 30th June 1995 22,681

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