Fund management is the process of investing money in various assets such as stocks, bonds, commodities, real estate, etc. to achieve a specific goal. India is one of the fastest-growing economies in the world and has a huge potential for fund management. In this blog post, we will look at the top 10 fund management companies in India in 2024.
Fund management companies are entities that offer various types of mutual funds, exchange-traded funds, portfolio management services, etc. to investors. They charge a fee for their services and help in achieving financial goals for their clients.
Look at these 10 Fund Management Companies in India 2024
We will also give a brief description of Fund Management companies in India. Please note that the ranking is not in any particular order and is based on our analysis and opinion.
1. Lares Algotech Fund
Lares Algotech Fund is a hedge fund management company. It is a joint venture between Lares Algo Tech, a leading artificial intelligence and machine learning firm, and Maya Sharan Singh, a veteran fund manager and investor. Lares Algotech Fund aims to guide its investors by using cutting-edge technology and data-driven strategies. It invests in a diversified portfolio of global and domestic equities, derivatives, commodities, currencies, and alternative assets. It also offers customized solutions to high-net-worth individuals and institutional investors.
2. SBI Mutual Fund
SBI Mutual Fund is one of the oldest and largest fund management companies in India. It was established in 1987 as a joint venture between the State Bank of India, the largest public sector bank in India, and Amundi, a leading European asset management company. SBI Mutual Fund offers a wide range of funds and plans for wealth creation, retirement, tax saving, liquidity, and more. It has a presence in over 300 locations across the country and serves more than 92 lakh investors.
The Axis Bluechip Fund is a fund management company that was launched in 2009 as a subsidiary of Axis Bank, the third-largest private sector bank in India. Axis Bluechip Fund focuses on investing in large-cap companies that have a dominant market position, strong financials, and sustainable growth prospects. It aims to provide consistent and superior returns to its investors by following a high conviction and low turnover strategy.
4. HDFC Mutual Fund
HDFC Mutual Fund is one of the most trusted and reputed fund management companies in India. It was established in 2000 as a joint venture between Housing Development Finance Corporation Limited (HDFC), India’s leading housing finance institution, and Standard Life Investments Limited, a global investment company. HDFC Mutual Fund offers a variety of funds and plans for different investment needs and risk appetites.
5. ICICI Prudential Mutual Fund
ICICI Prudential Mutual Fund is one of the leading fund management companies in India. It was established in 1993 as a joint venture between ICICI Bank, India’s largest private sector bank, and Prudential Plc, a leading international financial services group. ICICI Prudential Mutual Fund offers a wide range of funds and solutions for various investment objectives and risk profiles.
6. Kotak Mahindra Mutual Fund
Kotak Mahindra Mutual Fund is one of the premier fund management companies in India. It was established in 1998 as a subsidiary of Kotak Mahindra Bank, one of the leading private-sector banks in India. Kotak Mahindra Mutual Fund offers a range of funds and plans for different investment goals and risk appetites.
7. Nippon India Mutual Fund
Nippon India Mutual Fund is one of the leading fund management companies in India. It was established in 1995 as Reliance Mutual Fund, a joint venture between Reliance Capital, a diversified financial services company, and Nippon Life Insurance, a leading Japanese life insurance company.
8. Tata Mutual Fund
Tata Mutual Fund is one of the oldest and largest fund management companies in India. It was established in 1994 as a joint venture between Tata Sons, the holding company of the Tata group, and TD Bank, a Canadian banking and financial services company. Tata Mutual Fund offers a wide range of funds and solutions for various investment objectives and risk appetites.
9. UTI Mutual Fund
UTI Mutual Fund is one of the most respected and reputed fund management companies in India. It was established in 1964 as Unit Trust of India, the first mutual fund in India. In 2003, UTI Mutual Fund was restructured as a joint venture between four public sector entities, namely State Bank of India, Punjab National Bank, Bank of Baroda, and Life Insurance Corporation of India.
10. Aditya Birla Sun Life Mutual Fund
Aditya Birla Sun Life Mutual Fund is one of the leading fund management companies in India. It was established in 1994 as a joint venture between Aditya Birla Group, a diversified conglomerate, and Sun Life Financial, a global financial services company. Aditya Birla Sun Life Mutual Fund offers a wide range of funds and solutions for various investment objectives and risk profiles.
We hope this blog post has given you a brief overview of the top 10 fund management companies in India as of December 2023. You can explore more details about their schemes, performance, ratings, and reviews on their respective websites or other online platforms. Please remember that investing in mutual funds involves market risks and you should read the scheme documents carefully before investing.
