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 :-
|Rank||Mutual Fund Company||Company Creation Date||Assets 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 Fund||24th August 1998||67,189|
|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 Fund||16th December 1996||30,601|
|10.||Tata Mutual Fund||30th June 1995||22,681|