In India, a growing number of people are turning to mutual funds as their preferred investment option. Traditional avenues like gold, real estate, and bank deposits are gradually falling out of favor.
This shift is largely driven by the higher return potential that mutual funds offer compared to these conventional investment methods.
According to industry experts, the mutual fund industry in India has a huge growth potential. It has expanded significantly, growing from Rs.10.83 trillion on 31 March 2015 to Rs.65.74 trillion by 31 March 2025, marking more than a six fold increase over the past decade.
There are 45 Asset Management Companies (AMCs) or mutual fund houses operating in India. These companies manage the investments of investors to fetch them optimal returns. Below we have provided a list of mutual fund houses in India:
Asset Management Companies (AMCs) | No. of Funds | AMC Age | AUM |
ICICI Prudential Mutual Fund | 93 | 31 years | Rs. 8,41,515 crore |
SBI Mutual Fund | 68 | 33 years | Rs. 7,77,907 crore |
HDFC Mutual Fund | 73 | 25 years | Rs. 7,35,330 crore |
Kotak Mahindra Mutual Fund | 78 | 30 years | Rs. 4,82,155 crore |
Nippon India Mutual Fund | 67 | 30 years | Rs. 4,17,791 crore |
Aditya Birla Sun Life Mutual Fund | 87 | 30 years | Rs. 3,84,866 crore |
Axis Mutual Fund | 67 | 16 years | Rs. 3,11,351 crore |
UTI Mutual Fund | 62 | 22 years | Rs. 2,12,967 crore |
DSP Mutual Fund | 48 | 28 years | Rs. 1,76,784 crore |
Tata Mutual Fund | 58 | 31 years | Rs. 1,75,124 crore |
Mirae Asset Mutual Fund | 43 | 18 years | Rs. 1,70,466 crore |
Bandhan Mutual Fund | 66 | 25 years | Rs. 1,61,930 crore |
HSBC Mutual Fund | 42 | 23 years | Rs. 1,14,357 crore |
Invesco Mutual Fund | 38 | 19 years | Rs. 1,08,851 crore |
Franklin Templeton Mutual Fund | 35 | 29 years | Rs. 1,06,904 crore |
PPFAS Mutual Fund | 6 | 13 years | Rs. 1,06,358 crore |
Edelweiss Mutual Fund | 53 | 17 years | Rs. 1,04,359 crore |
Canara Robeco Mutual Fund | 25 | 32 years | Rs. 1,03,502 crore |
Quant Mutual Fund | 28 | 29 years | Rs. 82,113 crore |
Motilal Oswal Mutual Fund | 43 | 16 years | Rs. 81,971 crore |
Sundaram Mutual Fund | 31 | 29 years | Rs. 65,921 crore |
Baroda BNP Paribas Mutual Fund | 40 | 32 years | Rs. 48,158 crore |
LIC Mutual Fund | 33 | 31 years | Rs. 27,693 crore |
Mahindra Manulife Mutual Fund | 24 | 9 years | Rs. 27,411 crore |
PGIM India Mutual Fund | 24 | 16 years | Rs. 23,912 crore |
Bajaj Finserv Mutual Fund | 16 | 3 years | Rs. 19,673 crore |
Union Mutual Fund | 26 | 15 years | Rs. 18,671 crore |
WhiteOak Capital Mutual Fund | 19 | 8 years | Rs. 17,917 crore |
JM Financial Mutual Fund | 15 | 30 years | Rs. 13,433 crore |
360 ONE Mutual Fund | 7 | 15 years | Rs. 11,465 crore |
Bank of India Mutual Fund | 19 | 17 years | Rs. 11,233 crore |
ITI Mutual Fund | 19 | 17 years | Rs. 9,274 crore |
NJ Mutual Fund | 5 | 19 years | Rs. 6,470 crore |
Navi Mutual Fund | 14 | 16 years | Rs. 5,383 crore |
Helios Mutual Fund | 6 | 3 years | Rs. 3,712 crore |
Samco Mutual Fund | 10 | 5 years | Rs. 2,910 crore |
Trust Mutual Fund | 8 | 7 years | Rs. 2,667 crore |
Quantum Mutual Fund | 12 | 19 years | Rs. 2,654 crore |
Old Bridge Mutual Fund | 1 | 1 year | Rs. 1,329 crore |
Groww Mutual Fund | 19 | 17 years | Rs. 1,289 crore |
Zerodha Mutual Fund | 4 | 1 year | Rs. 1,047 crore |
Taurus Mutual Fund | 8 | 31 years | Rs. 874 crore |
Shriram Mutual Fund | 8 | 30 years | Rs. 865 crore |
Unifi Mutual Fund | 1 | - | Rs. 528 crore |
Angel One Mutual Fund | 1 | - | Rs. 31 crore |
Mentioned below are the top fifteen mutual fund companies in India:
Fund Category | Name of the Fund |
Equity Funds |
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Hybrid Funds |
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Debt Funds |
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ELSS Funds | ICICI Prudential ELSS Tax Saver Fund Direct - Growth |
Index Funds |
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Fund Category | Name of the Fund |
Equity Funds |
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Debt Funds |
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Hybrid Funds |
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ELSS Funds | SBI Long Term Equity Fund Direct – Growth |
Index Funds |
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Fund Category | Name of the Fund |
Equity Funds |
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Debt Funds |
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Hybrid Funds |
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ELSS Funds | HDFC ELSS Tax Saver Fund Direct - Growth |
Index Funds |
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Fund Category | Name of the Fund |
Equity Funds |
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Hybrid Funds |
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Debt Funds |
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ELSS Funds | Kotak ELSS Tax Saver Fund Direct – Growth |
Index Funds |
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Fund Category | Name of the Fund |
Equity Funds |
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Debt Funds |
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Hybrid Funds |
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ELSS Funds | Aditya Birla Sun Life ELSS Tax Saver Fund Direct – Growth |
Index Funds |
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Fund Category | Name of the Fund |
Equity Funds |
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Debt Funds |
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Hybrid Funds |
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ELSS Funds | UTI ELSS Tax Saver Fund Direct – Growth |
Index Funds |
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Fund Category | Name of the Fund |
Equity Funds |
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Debt Funds |
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Hybrid Funds |
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ELSS Funds | DSP ELSS Tax Saver Fund Direct – Growth |
Index Funds |
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Fund Category | Name of the Fund |
Equity Funds |
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Debt Funds |
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Hybrid Funds |
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ELSS Funds | Tata ELSS Tax Saver Fund Direct – Growth |
Index Funds |
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Fund Category | Name of the Fund |
Equity Funds |
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Debt Funds |
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Hybrid Funds |
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ELSS Funds | Mirae Asset ELSS Tax Saver Fund Direct – Growth |
Index Funds |
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Fund Category | Name of the Fund |
Equity Funds |
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Debt Funds |
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Hybrid Funds |
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ELSS Funds | Bandhan ELSS Tax Saver Fund Direct – Growth |
Index Funds |
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Fund Category | Name of the Fund |
Equity Funds | HSBC Small Cap Equity Fund Direct – Growth HSBC Infrastructure Fund Direct – Growth HSBC Value Fund Direct – Growth HSBC Midcap Fund Direct – Growth HSBC Large and Mid Cap Fund Direct – Growth HSBC Flexi Cap Fund Direct – Growth HSBC ELSS Tax Saver Fund Direct – Growth HSBC Large Cap Fund Direct – Growth HSBC Multi Cap Fund Direct – Growth HSBC India Export Opportunities Fund Direct – Growth |
Debt Funds | HSBC Credit Risk Fund Direct – Growth HSBC Medium Duration Fund Direct – Growth HSBC Low Duration Fund Direct – Growth HSBC Corporate Bond Fund Direct – Growth HSBC Short Duration Fund Direct – Growth HSBC Banking & PSU Debt Fund Direct – Growth HSBC Ultra Short Duration Fund Direct – Growth HSBC Money Market Fund Direct – Growth |
Hybrid Funds | HSBC Aggressive Hybrid Active FoF Fund Direct – Growth HSBC Aggressive Hybrid Fund Direct – Growth HSBC Equity Savings Fund Direct – Growth HSBC Balanced Advantage Fund Direct – Growth HSBC Conservative Hybrid Fund Direct – Growth HSBC Arbitrage Fund Direct – Growth HSBC Multi Asset Allocation Fund Direct – Growth |
ELSS Funds | HSBC Tax Saver Equity Fund – Growth Direct Plan HSBC ELSS Tax Saver Equity Fund Direct – Growth |
Index Funds | HSBC Nifty Next 50 Index Fund Direct – Growth HSBC Nifty 50 Index Fund Direct – Growth HSBC CRISIL IBX 50:50 Gilt Plus SDL Apr 2028 Index Fund Direct – Growth HSBC CRISIL IBX Gilt Jun 2027 Index Fund Direct – Growth |
Fund Category | Name of the Fund |
Equity Funds |
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Debt Funds |
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Hybrid Funds |
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ELSS Funds | Invesco India ELSS Tax Saver Fund Direct – Growth |
Index Funds |
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Fund Category | Name of the Fund |
Equity Funds |
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Debt Funds |
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Hybrid Funds |
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ELSS Funds | Edelweiss ELSS Tax Saver Fund Direct – Growth |
Index Funds |
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Fund Category | Name of the Fund |
Equity Funds | Franklin Build India Fund Direct – Growth Franklin India Smaller Companies Fund Direct – Growth Franklin India Opportunities Fund Direct – Growth Franklin India Flexi Cap Fund Direct – Growth Franklin India Prima Fund Direct – Growth Franklin India ELSS Tax Saver Fund Direct – Growth Franklin India Focused Equity Fund Direct – Growth Franklin India Equity Advantage Fund Direct – Growth Franklin India Bluechip Fund Direct – Growth Franklin India Multi Cap Fund Direct – Growth |
Debt Funds | Franklin India Corporate Debt Fund Direct – Growth Franklin India Floating Rate Fund Direct – Growth Franklin India Banking & PSU Debt Fund Direct – Growth Franklin India Money Market Fund Direct – Growth Franklin India Government Securities Fund Direct – Growth Franklin India Liquid Fund Super Institutional Plan Direct – Growth Franklin India Overnight Fund Direct – Growth Franklin India Low Duration Fund Direct – Growth Franklin India Ultra Short Duration Fund Direct – Growth Franklin India Medium to Long Duration Fund Direct – Growth |
Hybrid Funds | Franklin India Equity Hybrid Fund Direct – Growth Franklin India Equity Savings Fund Direct – Growth Franklin India Debt Hybrid Fund Direct – Growth Franklin India Balanced Advantage Fund Direct – Growth Franklin India Arbitrage Fund Direct – Growth |
ELSS Funds | Franklin India ELSS Tax Saver Fund Direct – Growth |
Index Funds | Franklin India NSE Nifty 50 Index Fund Direct – Growth |
Fund Category | Name of the Fund |
Equity Funds | Canara Robeco Small Cap Fund Direct – Growth Canara Robeco Emerging Equities Fund Direct – Growth Canara Robeco Consumer Trends Fund Direct – Growth Canara Robeco ELSS Tax Saver Fund Direct – Growth Canara Robeco Flexi Cap Fund Direct – Growth Canara Robeco Bluechip Equity Direct – Growth Canara Robeco Multi Cap Fund Direct – Growth Canara Robeco Mid Cap Fund Direct – Growth Canara Robeco Focused Equity Fund Direct – Growth Canara Robeco Manufacturing Fund Direct – Growth |
Debt Funds | Canara Robeco Gilt Fund Direct – Growth Canara Robeco Income Fund Direct – Growth Canara Robeco Corporate Bond Fund Direct – Growth Canara Robeco Dynamic Bond Fund Direct – Growth Canara Robeco Short Duration Fund Direct – Growth Canara Robeco Savings Fund Direct – Growth Canara Robeco Ultra Short Term Fund Direct – Growth Canara Robeco Liquid Fund Direct – Growth Canara Robeco Overnight Fund Direct – Growth Canara Robeco Banking & PSU Debt Fund Direct – Growth |
Hybrid Funds | Canara Robeco Equity Hybrid Fund Direct – Growth Canara Robeco Conservative Hybrid Fund Direct – Growth Canara Robeco Balanced Advantage Fund Direct – Growth |
ELSS Funds | Canara Robeco ELSS Tax Saver Fund Direct – Growth |
Disclaimer
Mutual Fund investments will be subject to market risks. Any mutual fund listed in the document does not guarantee fund performance or its underlying creditworthiness. Do read the mutual fund document thoroughly before investing. Specific investment needs and other factors have to be taken into account while designing a mutual fund portfolio.
GST rate of 18% applicable for all financial services effective July 1, 2017
Funds like Aditya Birla Sun Life PSU Equity and Quant Multi Asset Fund are leading in returns. Performance varies by category (equity, debt, hybrid).
Mutual funds include equity, debt, hybrid, solution-oriented, and thematic/sectoral categories.
SIP investments can start from ₹500; lump sum usually starts at ₹5,000.
Equity funds have 10–15% tax on gains; debt funds are taxed as per slab or with indexation.
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