Investing in mutual funds is one of the best ways to build a diversified investment portfolio. Investing in mutual funds allows for small investments. In a wide range of stocks, bonds, and assets that would otherwise be challenging. And time-consuming unless one has deep knowledge of the market.
When choosing the right mutual fund to invest in. One crucial factor to consider is the mutual fund company that offers the fund. There are numerous mutual fund companies to choose from. Each offers different types of mutual funds with varying investment objectives, management styles, fees, and risks.
To aid investors in their decision-making process, this article presents a list of top-notch platforms for mutual fund enthusiasts, highlighting the best mutual fund companies in India.
1. HDFC Mutual Fund
HDFC Mutual Fund is one of the largest and most widely-known mutual fund companies in India. It has a market share of 13.4% as of December 2020. The company offers a wide range of mutual funds, including equity, debt, and hybrid funds. The HDFC Equity Fund is one of the most popular mutual funds in India. It offers high returns over the long term, with a minimum investment of INR 5,000.
2. Aditya Birla Sun Life Mutual Fund
Aditya Birla Sun Life Mutual Fund has a market share of 10.7% as of December 2020. This made it one of the largest and most popular mutual fund companies in India. The company offers a broad range of funds. These are equity, debt, and hybrid funds, with a focus on long-term wealth creation. Among its most prominent funds are the Aditya Birla Sun Life Equity Fund. This invests in equity and equity-related securities, and the Aditya Birla Sun Life Balanced Advantage Fund. This seeks to generate returns by investing in a mix of equity and fixed-income instruments.
3. SBI Mutual Fund
SBI Mutual Fund has a market share of 9.9% as of December 2020. This makes it one of the largest mutual fund companies in India. The company offers a wide range of mutual fund schemes across different categories and these are equity, debt, and hybrid. Among SBI’s most prominent funds are the SBI Equity Hybrid Fund and the SBI Focused Equity Fund.
4. ICICI Prudential Mutual Fund
ICICI Prudential Mutual Fund is another leading mutual fund company in India with a market share of 9.4% as of December 2020. The company offers various types of mutual funds, including equity, debt, and hybrid funds, with a focus on generating long-term wealth for investors. Among ICICI’s most popular funds are the ICICI Prudential Bluechip Fund, which invests in large-cap companies, and the ICICI Prudential Balanced Advantage Fund, which invests in a mix of equity and fixed-income instruments.
5. Nippon India Mutual Fund
Nippon India Mutual Fund, previously known as Reliance Mutual Fund and it is one of the fastest-growing mutual fund companies in India. The company has a market share of 7.5% as of December 2020 and offers various mutual fund schemes, including equity, debt, and hybrid funds. Among Nippon India’s most popular funds are the Nippon India Large Cap Fund and the Nippon India Equity Hybrid Fund.
6. DSP Mutual Fund
DSP Mutual Fund is a highly reputable mutual fund company in India with a market share of 6.1% as of December 2020. The company offers various mutual fund schemes, including equity, debt, and hybrid funds, with a focus on generating long-term wealth for investors. DSP’s most popular funds are the DSP Equity Opportunities Fund and the DSP Equity & Bond Fund.
7. Kotak Mutual Fund
Kotak Mutual Fund is one of the largest and most popular mutual fund companies in India, with a market share of 5.9% as of December 2020. The company offers various types of mutual funds, including equity, debt, and hybrid funds, with a focus on generating consistent returns for investors. Among Kotak’s most popular funds are the Kotak Standard Multicap Fund and the Kotak Equity Hybrid Fund.
8. Axis Mutual Fund
Axis Mutual Fund is one of the fastest-growing mutual fund companies in India with a market share of 5.9% as of December 2020. The company offers various mutual fund schemes, including equity, debt, and hybrid funds, with a focus on generating long-term wealth for investors. Axis’s most popular funds are the Axis Bluechip Fund and the Axis Long-Term Equity Fund.
9. Franklin Templeton Mutual Fund
Franklin Templeton Mutual Fund is a globally recognized mutual fund company so it has been serving investors in India since 1996. The company has a market share of 3.4% as of December 2020 and offers various types of mutual funds, including equity, debt, and hybrid funds. Franklin Templeton Mutual Fund’s most popular funds are Franklin India Bluechip Fund and Franklin India Prima Fund.
Investing in mutual funds can be an excellent way to build long-term wealth, but it’s essential to choose the right mutual fund company. This is because the mutual fund company’s expertise, investment objectives, and fund management style play a crucial role in determining the success of a mutual fund investment.
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Terms and Conditions for Investing in Mutual Funds
By investing in mutual funds, investors acknowledge that they have read, understood, and agreed to the terms and conditions outlined by the mutual fund company and regulatory authorities. They also acknowledge that investing involves risks, and past performance is not indicative of future results. Investors should carefully consider their investment objectives, risk tolerance, and financial situation before investing in mutual funds.
In conclusion, when selecting a mutual fund company, investors should conduct their due diligence, considering the company’s performance, track record, fees, and overall reputation. Investors should also seek professional guidance before investing their money and understand the risks involved. By doing so, investors can invest with confidence and achieve their financial objectives over the long term.
Summary:
Investing in mutual funds is one of the best ways to diversify your investment portfolio. When selecting a mutual fund, choosing the right mutual fund company is crucial. Top mutual fund companies in India include HDFC Mutual Fund, Aditya Birla Sun Life Mutual Fund, SBI Mutual Fund, ICICI Prudential Mutual Fund, Nippon India Mutual Fund, DSP Mutual Fund, Kotak Mutual Fund, Axis Mutual Fund, and Franklin Templeton Mutual Fund. Investors should conduct their due diligence and seek professional guidance before investing their money in mutual funds to achieve their financial objectives over the long term.
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