With a constant rise in AUM, i.e. Assets Under Management for the past 5 years, there has been an increased awareness among the Indians when it comes to SIP investments. Mutual Funds being the most popular SIP instruments are also catching-up among the citizens from all income groups. The unnerving desire to make safe investments in equity markets, when the gold prices are on stagnation for a long time, forms the strong base to the interest of people in mutual funds.
The question remains which Asset Management Company offers best returns and one can invest with them without much contemplation?
To answer the same, we bring you the top 5 Mutual Funds investment companies to explore and make a choice for worth-while investments.
Offering some of the remarkable Mutual Fund investment instruments; this AMC tops our charts for valid reasons. ICICI Prudential Focused Bluechip Equity Fund and ICICI Prudential Balanced Fund offered by the company are two carriers worth exploring. While the former holds an AUM of INR 13, 497 crores, being a large-cap fund; the latter returned an annual rate of 15.03% since its launch in 1999. These are the exceptional facts that make ICICI Prudential an extremely reliable AMC to invest with. Other fund options offered by this AMC worth a mention are ICICI Prudential Nifty Next 50 Index Fund, ICICI Prudential Top 100 Fund, among 1459 others.
HDFC Mutual Fund
Launched in 1999, HDFC Mutual Funds acquired 8 prominent funds held by Zurich India Mutual Fund. The fact is that HDFC Top 200 Fund and HDFC Equity Fund among others were earlier with Zurich. When we talk about AUM, this AMC comes quite close, managing a total worth of INR 221,825 crore in assets. The number of funds offered by the company is 890, with HDFC Balanced Fund showing an impressive return of 16.97% ever since its launch in 2000. The total number of funds offered by HDFC Mutual Fund is an astounding 890. Other prominent funds worth investing are HDFC Index Fund – Nifty Plan and HDFC Index Fund – Sensex.
Reliance Mutual Fund
This AMC offers an astounding number of 1033 funds when it comes to the palette. Though the AUM stands a little lower with INR 195, 845 crores, yet, the company enjoys quite a name when it comes to Mutual Funds India. Beyond the top 15 cities, the company holds the largest amount of assets in total. One of the high flying instruments of the company; Reliance Small Cap Fund returned 21.28% after its inception in the year 2010, which is remarkable in its own right. Reliance Index Fund – Nifty Plan, Reliance Regular Savings Fund – Balanced are other prominent instruments among a whole lot of others. These are the reasons that the company holds some prominence in top 5 mutual funds investment companies in India.
Birla Sun Life Mutual Fund
The AMC manages a total of 636 funds in INR 180, 808 crores. A joint venture amidst Birla Group of India and Sun Life Financial Inc. of Canada, the company came in existence in the year 1994. A large-cap mutual fund investment held by the company; Birla Sun Life Frontline Equity Fund returned an astonishing 22.56% since inception in 2002, which is quite impressive. Another company fund worth a mention is Birla Sun Life Tax Relief 96. This is actually an ELSS fund and is exempted of tax under Section 80C helping people to save on tax.
SBI Mutual Fund
SBI holds a fairly high-flying place in Mutual Funds India with its superior reach and influence. A joint venture between State Bank of India (SBI) and Amundi, a European Asset Management Company; the AMC is able to manage the assets worth INR 140,997 crores spread in a total of 565 mutual funds investment options. Talking about popular instruments, SBI Bluechip Fund is at the forefront with INR 14,267 crores on its manage score with an annual rate of 11.8% ever since it was launched in 2006. SBI Magnum Multi-Cap Fund is another talked-about fund.
At Mfundz, we are committed to providing you with accurate and up-to-date information when it comes to SIP investments. We sorted these top 5 mutual funds investment companies in India based on our investment surveys. Should you have any more queries related to these AMC, we are just a call away. Talk to you soon!
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