Mutual fund schemes are floated, operated and administered by their respective mutual fund companies known as Asset management companies in India. They are well regulated under the directives of the Securities Exchange Board of India(SEBI) which has laid down the guidelines that all the companies have to work in accordance with the primary interests of all the investors. This ensures fair transparency, trust, and integrity in the eyes of investors to continue investing in mutual fund companies for the sake of benefitting from the consistent returns.
Let’s briefly discuss some of the prestigious mutual fund companies which have been widely chosen by the investors so far :
SBI Mutual Fund : SBI Mutual Fund is among the premier mutual fund investment companies in India with 28 years experience in fund management. Set up in 1987, originally under the charge of SBI Capital Markets Ltd. and are operated by SBI Funds Management Company. It offers a variety of schemes to fulfill the diverse needs of investors, both retail and institutional through their Portfolio Management Schemes(PMS).
HDFC Mutual Fund : HDFC Mutual Fund was incorporated as a trust under Housing Development Finance Corporation along with Standard Life Investments Limited as its sponsor. The trustee of the fund is HDFC Trustee Company Limited. The first products launched by HDFC Mutual Fund were in the year 2000 and since then it has been broadly involved in meeting varied needs of investors through 12 different types of funds.
ICICI Prudential Mutual Fund: ICICI Prudential Mutual Fund is managed by its pioneer company ICICI Prudential Asset Management Company(AMC). The company aims to reduce the gap between savings and investments and generating long-term wealth for investors through a vast array of simple and relevant investment solutions. There is a joint venture that exists between the AMC and ICICI Bank, a well recognized and trusted name in the financial sector in India and Prudential Plc, one of UK’s largest players in the financial services sectors.Across the years of the joint venture, the company has embarked a position of pre-eminence in the Indian Mutual Fund industry.
Birla Sunlife Mutual Fund: Incorporated in 1994, Birla Sunlife Mutual Fund is operated by its investment manager, Birla Sun Life Asset Management Company Limited(BSLAMC). The company is a joint venture between the Aditya Birla Group and Sun Life Financial Inc, the foremost international financial services organization from Canada.
The joint venture put forward the expertise of the Aditya Birla Group and SunLife’s global experience in the entire Indian market. Birla Sunlife Mutual Fund was established with an objective of becoming India’s distinguished forerunner of Mutual Funds business which takes care of diverse investor base. The investment solution, the company brings along with them accompanies diversified and sector specific equity schemes, fund of fund schemes, hybrid and monthly income funds, a broad range of debt and treasury products and offshore funds.
DSP Black Rock Mutual Fund : DSP Black Rock Mutual Fund is a foremost asset management companies in India having a track record of over 19 years of investment excellence. The combination of DSP Group, the-150- year-old Indian Firm and the world’s largest investment management firm, Black Rock brings forward the incorporation of DSP Black Rock.
DSP group is headed by Mr. Hemendra Kothari and is regarded as one of the oldest and most well known financial services firms in India. Black Rock, the world’s largest investment management firm is widely acknowledged for managing surplus money as opposed to any other investment firm in the world. Millions of retail investors throughout the world, governments, large foundations, and companies comprising 94 of the Fortune 100 and 20 of the top 25 insurers globally consider Black Rock for their money to invest in.
Reliance Mutual Fund : Reliance Mutual Fund is a division of the Reliance Anil Dhirubhai Ambani (ADA) Group, is one of the expeditiously growing mutual funds in India. Reliance Mutual Fund provides investors a well-rounded product suite to fulfill the diverse needs of the investors and has a presence in 160 cities throughout the country. Reliance Mutual Fund consistently strives to launch novel products and customer service initiatives to enhance the value to investors.
Canara Robeco Mutual Fund : Canara Robeco Mutual Fund is the second oldest Mutual Fund in India, incorporated in December 1987 as Canbank Mutual Fund. Later on in the year 2007, Canara Bank became partners with Robeco and the mutual fund was renamed as Canara Robeco Mutual Fund. Since then, it has constantly been one of the expeditious growing mutual funds in India in terms of Asset Under Management. The bouquet of investment options involves diversified and thematic equity schemes, hybrid and monthly income funds and a wide range of debt and treasury products.
LIC Mutual Fund: LIC Mutual Fund is regulated by its sponsor, Life Insurance Corporation of India, which is one of the oldest mutual funds in the industry. The fund manages a variety of schemes totaling 38 which includes all the options.
With a pre-eminent history of over 25 years of investing in mutual Funds, the LIC Nomura still is a preferred choice amongst others in the India Mutual Fund space.
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