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