Top 10 Mutual Fund Companies in India
SUMMARY
Over the past ten years, the mutual fund business in India has quietly experienced a structural revolution. What was once primarily used by urban savers as a speciality investment choice is now a common way for households to build wealth. As more Indians transition from physical assets to financial ones, overall industry assets under management (AUM) have exceeded historic milestones, and monthly SIP inflows have remained solid throughout market cycles.
The distribution of this growth has not been uniform. A disproportionate amount of investor capital is currently managed by a limited number of sizable, well-known mutual fund firms. Scale, distribution reach, deeper research teams, and the capacity to deploy debt, equity, hybrid, and passive strategies are all advantages for these fund institutions.
What is a Mutual Fund Company?
An asset management firm (AMC), another name for a mutual fund firm, pools the capital of thousands of investors and uses it to purchase stocks, bonds, and other securities. These investments are managed by qualified fund managers who try to produce high returns in accordance with the investment goals.
India’s largest mutual fund companies
SBI Mutual Fund
Image Courtesy: SBI Mutual Fund Official Website
The Trust Act of 1882 established the SBI Mutual Fund Trustee Company Private Limited as a trust. One of the biggest and most established mutual funds in India, SBI, is managed by this trust. The State Bank of India, one of the biggest and most successful banks in India, and Amundi, a French asset management firm, have partnered to create the SBI Mutual Fund.
Established on June 29, 1987, the SBI Mutual Fund was incorporated on February 7, 1992. After the Unit Trust of India began operating in 1963, it was the country’s second mutual fund. Amundi became a partner when SBI chose to sell 37% of the fund in July 2004.
| Owner/Founder of the Company | State Bank of India (63%)Amundi (37%) |
| Year Founded | 1987 |
| CEO of the Company | Nand Kishore |
| Headquarters | Mumbai, India |
| Assets Under Management (AUM 2026) | ₹12.71 lakh crore |
| Official Website | https://www.sbimf.com/ |
ICICI Prudential Mutual Fund
Image Courtesy: ICICI Prudential Mutual FundOfficial Website
One of the nation’s top asset management companies (AMCs), ICICI Prudential Asset Management Company Ltd., is committed to helping investors build long-term wealth by closing the gap between savings and investments through a variety of straightforward and relevant investing options.
The AMC is a joint venture between Prudential Plc, a prominent pan-Asia & Africa-focused organization offering health, protection, and savings solutions, and ICICI Bank, a reputable and well-known brand in Indian financial services. The business has established itself as a leader in the Indian mutual fund sector during the years of the joint venture.
| Owner/Founder of the Company | ICICI Bank (51%)Prudential Plc (49%) |
| Year Founded | 1993 |
| CEO of the Company | Nimesh Shah |
| Headquarters | Mumbai, India |
| Assets Under Management (AUM 2026) | ₹11.76 lakh crore |
| Official Website | https://www.icicipruamc.com/ |
HDFC Mutual Fund
Image Courtesy: HDFC Mutual FundOfficial Website
The biggest actively managed equities mutual fund in India at the moment is HDFC Asset Management Company Ltd., also known as HDFC Mutual Fund. It is among the nation’s most profitable asset management businesses (AMC).
Through 210 locations located in more than 200 Indian cities, the organization provided services to over 75,000 appointed distribution partners.
| Owner/Founder of the Company | Hasmukhbhai Patel |
| Year Founded | 1977 |
| CEO of the Company | Keki Mistry |
| Headquarters | Mumbai, India |
| Assets Under Management (AUM 2026) | ₹9.32 lakh crore |
| Official Website | https://homeloans.hdfc.bank.in/ |
Nippon India Mutual Fund
Image Courtesy: Nippon India Mutual Fund Official Website
One of the top asset management firms in India is Nippon India Mutual Funds. It oversees assets in managed accounts, offshore funds, mutual funds, pension funds, and alternative investments. Nippon Life India Asset Management Limited (NAM India) is the asset manager for Nippon India Mutual Fund (NIMF). Reliance Capital Limited and Nippon Life Insurance Company, which own 75.93% of all issued and paid-up equity share capital, are the promoters of NAM India.
| Owner/Founder of the Company | Reliance Mutual Fund |
| Year Founded | 1995 |
| CEO of the Company | Sundeep Sikka |
| Headquarters | Mumbai, India |
| Assets Under Management (AUM 2026) | ₹7.67 lakh crore |
| Official Website | https://mf.nipponindiaim.com/ |
Kotak Mahindra Mutual Fund
Image Courtesy: Kotak Mahindra Mutual Fund Official Website
Kotak Mahindra Asset Management Company Limited (KMAMC) is a public limited company registered under the Companies Act, 1956, on August 2, 1994. The company is the asset manager of Kotak Mahindra Mutual Fund (KMMF) and a wholly owned subsidiary of Kotak Mahindra Bank Limited (KMBL).
Kotak Mutual Fund began its operations back in December 1998. It was the first AMC to offer a dedicated gilt fund for investing solely in government securities.
It provides mutual fund and portfolio management services under SEBI (‘Mutual Funds’) Regulations, 1996, and SEBI (Portfolio Manager) Regulations, 1993. KMAMC also offers pension fund management services through its subsidiary, the Kotak Mahindra Pension Fund Limited.
| Owner/Founder of the Company | Uday Kotak |
| Year Founded | 1994 |
| CEO of the Company | Nilesh Shah |
| Headquarters | Mumbai, India |
| Assets Under Management (AUM 2026) | ₹6 lakh cr |
| Official Website | https://www.kotakmf.com/ |
Aditya Birla Sun Life Mutual Fund
Image Courtesy: Aditya Birla Sun Life AMC Limited Official Website
The Indian business Aditya Birla Capital Limited and the Canadian financial services firm Sun Life AMC Investments, Inc. jointly sponsor Aditya Birla Sun Life Mutual Funds (ABSLMF).
It was formerly known as Birla Sun Life Asset Management Company Limited and has its headquarters in Mumbai. It was founded in 1994 and has successfully navigated the Indian financial scene for 25 years.
The parent companies, Sun Life Financial, Inc. and Aditya Birla Group, are both prominent financial firms with a long history of managing and creating wealth. With about $41 billion in total revenue, the Aditya Birla Group is India’s third-largest corporate group.
| Owner/Founder of the Company | Kumar Managalam Birla |
| Year Founded | 1994 |
| CEO of the Company | A. Balasubramanian |
| Headquarters | Mumbai, India |
| Assets Under Management (AUM 2026) | ₹4.32 lakh crore |
| Official Website | https://mutualfund.adityabirlacapital.com/ |
UTI Mutual Fund
Image Courtesy: UTI Mutual Fund Official Website
The Unit Trust of India was split into the SUUTI and the UTI Mutual Funds, sometimes known as UTIMF, in 2003. On February 1st, 2003, the UTI Mutual Fund registered with SEBI.
This mutual fund is now supported by four of the biggest PSU banks.
The UTI Asset Management Company Ltd oversees all UTI Mutual Funds. Each of the four major partners—State Bank of India, Punjab National Bank, Bank of Baroda, and Life Insurance Corporation of India—owns 18.24% of the UTIMF’s shares.
| Owner/Founder of the Company | Life Insurance Corporation of India (18.5%)Bank of Baroda (18.5%)Punjab National Bank (18.5%)State Bank of India (18.5)T. Rowe Price (23%) |
| Year Founded | 1963 |
| CEO of the Company | Vetri Subramaniam |
| Headquarters | Mumbai, India |
| Assets Under Management (AUM 2026) | ₹3.88 lakh crore |
| Official Website | https://www.utimf.com/ |
Axis Mutual Fund
Image Courtesy: Axis Asset Management Company Ltd Official Website
One of the biggest private banks in India, Axis Bank, has a mutual fund investing division called Axis Asset Management Company Ltd., officially known as Axis Mutual Fund. Axis Bank owns 74.99% of the AMC, with Schroder Singapore Holdings Private Limited holding the remaining 24%.
Since its incorporation in October 2009, the Axis MF AMC has upheld its three pillars:
I. Outside-in perspective: Speak to clients in their native tongue to help them make the best financial choice.
II. Long-term wealth creation: Encourage investors to develop a long-term investment plan and take an active part in managing their wealth.
III. Long-term partnership: Develop connections that go beyond money.
| Owner/Founder of the Company | Axis Bank (75%)Schroders (25%) |
| Year Founded | 2009 |
| CEO of the Company | B. Gopkumar |
| Headquarters | Mumbai, India |
| Assets Under Management (AUM 2026) | ₹3.77 lakh crore |
| Official Website | https://www.axismf.com/ |
DSP Mutual Fund
Image Courtesy: DSP Mutual Fund Official Website
One of the top AMCs in India is DSP Mutual Fund. This fund house has expanded rapidly since its founding to rank among India’s top asset management firms. In addition to foreign funds, exchange-traded funds, and closed-ended funds, it provides a wide variety of mutual fund schemes in the equity, debt, and hybrid categories.
The fund company is dedicated to protecting its clients’ wealth and serving them in every manner possible by prioritising their interests. With more than 20 years of experience in investment excellence, DSP is one of India’s leading asset management firms. Its emphasis on providing excellent performance has greatly aided the fund firm in producing a substantial
| Owner/Founder of the Company | Hemendra M. Kothari |
| Year Founded | 1996 |
| CEO of the Company | Kalpen Parekh |
| Headquarters | Mumbai, India |
| Assets Under Management (AUM 2026) | ₹2,28,030 crore |
| Official Website | https://www.dspim.com/ |
Tata Mutual Fund
Image Courtesy: Tata Mutual Fund Official Website
Tata Mutual Fund is managed by Tata Asset Management Ltd. (TAML), a division of the Tata Group. The organisation was founded in 1994 and provides investors with a variety of investment options based on their income, financial goals, and risk tolerance.
The organization claims that performance, service, and trust are the three most important pillars of their business. Its goal is to improve investors’ quality of life by safeguarding their financial future. At the moment, Tata Asset Management Ltd provides fixed income, equity, and hybrid funds.
| Owner/Founder of the Company | Tata Group |
| Year Founded | 1994 |
| CEO of the Company | Prathit Bhobe |
| Headquarters | Mumbai, India |
| Assets Under Management (AUM 2026) | ₹ 2.31 lakh crore |
| Official Website | https://www.tatamutualfund.com/ |
FAQs
Which is the largest mutual fund company in India?
Based on AUM, SBI Mutual Fund is presently the biggest mutual fund business in India.
What is a mutual fund company?
A mutual fund business invests in stocks, bonds, and other securities to manage investors’ funds.
Is mutual fund investment safe?
Although there are market risks associated with mutual funds, their diversification makes them comparatively safer than individual stock investments.
Which mutual fund company is best for beginners?
SBI Mutual Fund, HDFC Mutual Fund, and ICICI Prudential Mutual Fund are considered good choices for beginners.
Which mutual fund company has the highest AUM?
SBI Mutual Fund currently has the highest assets under management.
Are mutual fund returns guaranteed?
No, returns from mutual funds are not guaranteed and are dependent on market performance.
What is the minimum amount required to invest in mutual funds?
Investors can begin a SIP with as little as ₹100 or ₹500 per month with the majority of mutual funds.
Which mutual fund company has the most schemes in India?
Both ICICI Prudential Mutual Fund and SBI Mutual Fund provide a variety of plans in several categories.
Conclusion
The mutual fund market in India is expanding quickly and providing investors with a variety of ways to increase their wealth. Because of their solid performance, reliable management, and wide range of investment options, firms like SBI Mutual Fund, ICICI Prudential Mutual Fund, and HDFC Mutual Fund continue to rule the market.
Always consider your investment horizon, risk tolerance, and financial objectives before investing. You can effectively accomplish your long-term financial goals by selecting the appropriate mutual fund.
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