Mutual Funds in India

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Either you would be already investing in Mutual Funds or you might be planning to start with your investments. In order to scale your portfolio from the current state, you need to look at all the options available at your disposal. In this post, we cover the mutual funds in India from a holistic point of view. This will help you in understanding the mutual fund market as well as being clear about your mutual fund choices.

Mutual Funds in India

Before we begin exploring the choices, here is a quick brief on how a mutual fund works –

“A mutual fund is set up by an Asset Management Company which collects funds from individuals and employs fund managers who invest money to generate returns”.

Here is a quick snapshot for how a mutual fund investment works –

So when you invest money into a mutual fund, you end up transferring funds to the Asset Management Company (AMC). This happens via a distribution channel set up by the AMC which involves sales agents, brokers, online platforms, offline platforms etc.

In this process of investment, if you can choose the best fund manager from the industry, more than half of your job is done. We will be soon coming out with our own review of the fund managers and individual mutual fund schemes.

Here is a quick creative explaining the investing cycle – :-

Asset Management Companies for Mutual Funds in India

There are around 44 AMCs operating in India. Each of these AMCs have multiple mutual fund schemes floated in the market and when you plan to do a SIP or buy mutual fund units, you invest into a particular scheme from one of these AMCs.

Mentioned below is the list of AMCs in India. Around 14 of these AMCs are formed by banks directly or in association with a partner. Remaining are set up by either NBFCs or investment companies.

List of Asset Management Companies in India

AMCs in India
1Axis Asset Management Company Ltd.
2Baroda Pioneer Asset Management Company Ltd
3Birla Sun Life Asset Management Company Ltd
4BNP Paribas Asset Management India Pvt Ltd
5BOI AXA Investment Managers Pvt Ltd
6Canara Robeco Asset Management Company Ltd
7Daiwa Asset Management (India) Pvt Ltd
8Deutsche Asset Management (India) Pvt. Ltd.
9DSP BlackRock Investment Managers Pvt. Ltd.
10Edelweiss Asset Management Ltd
11Escorts Asset Management Ltd
12FIL Fund Management Private Ltd
13Franklin Templeton Asset Management (India) Pvt Ltd.
14Goldman Sachs Asset Management (India) Pvt Ltd.
15HDFC Asset Management Company Ltd
16HSBC Asset Management (India) Pvt. Ltd.
17ICICI Prudential Asset Management Company Ltd
18IDBI Asset Management Ltd.
19IDFC Asset Management Company Ltd
20India Infoline Asset Management Co. Ltd.
21Indiabulls Asset Management Company Ltd.
22ING Investment Management (India) Pvt. Ltd.
23JM Financial Asset Management Pvt Limited
24JPMorgan Asset Management India Pvt. Ltd.
25Kotak Mahindra Asset Management Company Ltd.
26L&T Investment Management Ltd.
27LIC NOMURA Mutual Fund Asset Management Company Ltd.
28Mirae Asset Global Investments (India) Pvt. Ltd.
29Morgan Stanley Investment Management Pvt.Ltd.
30Motilal Oswal Asset Management Company Ltd.
31Peerless Funds Management Co. Ltd.
32Pine Bridge Investments Asset Management Company (India) Pvt. Ltd.
33Pramerica Asset Managers Private Ltd
34Principal PNB Asset Management Co. Pvt. Ltd.
35Quantum Asset Management Company Private Ltd.
36Reliance Capital Asset Management Ltd.
37Religare Asset Management Company Private Ltd.
38Sahara Asset Management Company Private Ltd
39SBI Funds Management Private Ltd.
40Sundaram Asset Management Company Ltd
41Tata Asset Management Ltd
42Taurus Asset Management Company Ltd
43Union KBC Asset Management Company Pvt Ltd
44UTI Asset Management Company Ltd

Mutual Fund Schemes by AMCs

Each of the above mentioned AMC creates multiple mutual fund schemes where your money is ultimately deployed. The AMC allocates a fund manager for the mutual fund schemes who may look after more than 1 scheme.

Typically, the mutual fund schemes are of following types – debt funds, equity funds, hybrid funds (investing in both debt & equity), ETFs (exchange traded funds) related to index or gold, international funds (investing in debt or equity across the world).

An AMC can have multiple debt fund schemes available to you for investments based on your objective.

For example, a small sample of Debt Fund Schemes available from Axis AMC are as follows –

  • Short Term Fund
  • Corporate Debt Fund
  • Gilt Fund
  • Liquid Fund
  • Treasury Fund

Similarly a small sample of Equity fund schemes from Franklin Templeton AMC are as follows –

  • Build India Fund
  • Bluechip Fund
  • Equity Fund
  • India Value Fund

Examples of ETFs from IDBI AMC are as follows –

  • Gold Fund
  • Gold Exchange Traded Fund

Examples of Hybrid Mutual Fund Schemes from ICICI are as follows –

  • Balanced Advantage Fund
  • Equity Savings Fund
  • Regular Savings Fund
  • Multi Asset Fund
  • Equity & Debt Fund

You may look at the complete list of mutual fund schemes from all AMCs here.

Concluding remarks

To get maximum returns from mutual funds, you need to be aware of the industry dynamics and the choices available in the market. This ensures that you are making the best decision and can also benchmark performance with peers of these companies in the market. Also there are various ways to invest in a mutual fund. For example, you may have an option to directly invest into mutual fund from your stock broker like zerodha. You may otherwise connect with your bank and start investing in mutual funds. You may also get in touch with the sales agents of the AMCs directly.

In our posts ahead, we will be furnishing more information about individual AMCs as well as mutual fund schemes.

So stay tuned for updates.

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To continue reading about mutual funds, you may check our post on 5 things to check before investing in a mutual fund.

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