Mutual funds in India have played a crucial role in wealth creation and investment growth for decades. Here’s a comprehensive guide to the top mutual fund companies based on their age, Assets Under Management (AUM), performance, and the performance of their large-cap funds, Mid Cap Fund, Small Cap Fund over the past 3 years.
1. Top 5 Mutual Fund Companies in India (Age-wise)
The age of a mutual fund company is a testament to its stability, trust, and long-standing reputation. The following are the oldest mutual fund companies in India:
| Rank | Company | Year of Establishment |
|---|---|---|
| 1 | UTI Asset Management | 1963 |
| 2 | SBI Mutual Fund | 1987 |
| 3 | LIC Mutual Fund | 1989 |
| 4 | ICICI Prudential Mutual Fund | 1993 |
| 5 | HDFC Mutual Fund | 1999 |
These companies have stood the test of time and are well-regarded for their track record and customer trust.
2. Top 5 Mutual Fund Companies in India (AUM-wise)
AUM, or Assets Under Management, reflects the total market value of assets a mutual fund company manages on behalf of its investors. The higher the AUM, the larger the fund house’s market presence. Here are the top 5 mutual fund companies in India by AUM (as of 2024):
| Rank | Company | AUM (in ₹ Cr) |
|---|---|---|
| 1 | SBI Mutual Fund | ₹ 8.5 lakh crore |
| 2 | ICICI Prudential Mutual Fund | ₹ 6.9 lakh crore |
| 3 | HDFC Mutual Fund | ₹ 6.5 lakh crore |
| 4 | Nippon India Mutual Fund | ₹ 3.7 lakh crore |
| 5 | Kotak Mahindra Mutual Fund | ₹ 3.5 lakh crore |
SBI Mutual Fund leads the pack with a massive AUM, followed by ICICI Prudential and HDFC Mutual Fund.
3. Top 5 Mutual Fund Companies in India (Performance-wise)
Performance is one of the most critical factors for any mutual fund investor. Here are the top 5 mutual fund companies known for their strong performance across multiple schemes (equity, debt, hybrid) over the last 5 years:
| Rank | Company | Performance Highlights |
|---|---|---|
| 1 | Axis Mutual Fund | Known for consistent equity fund performance, especially Axis Bluechip Fund. |
| 2 | Mirae Asset Mutual Fund | Strong in equity, particularly with Mirae Asset Large Cap Fund and Mirae Emerging Bluechip. |
| 3 | SBI Mutual Fund | Consistently strong across large-cap and hybrid schemes. |
| 4 | ICICI Prudential Mutual Fund | Impressive across equity, debt, and hybrid segments. |
| 5 | HDFC Mutual Fund | Strong performance across debt and balanced funds. |
These mutual fund houses have demonstrated strong returns over the last few years and continue to attract investors with their well-managed portfolios.
4. Top 5 Mutual Fund Companies in India (Large Cap Fund Performance for 3 Years)
Large-cap funds invest primarily in the top 100 listed companies, which are considered stable and capable of generating long-term returns. Here are the top mutual funds based on their large-cap fund performance over the last 3 years:
| Rank | Company | Fund Name | 3-Year CAGR (%) |
|---|---|---|---|
| 1 | Mirae Asset Mutual Fund | Mirae Asset Large Cap Fund | 18.50% |
| 2 | Axis Mutual Fund | Axis Bluechip Fund | 16.80% |
| 3 | SBI Mutual Fund | SBI Bluechip Fund | 16.20% |
| 4 | ICICI Prudential Mutual Fund | ICICI Prudential Bluechip Fund | 15.90% |
| 5 | HDFC Mutual Fund | HDFC Top 100 Fund | 15.50% |
Mirae Asset Large Cap Fund tops the list, offering a consistent 18.50% CAGR over the last 3 years. Large-cap funds are popular among investors who seek steady growth with lower volatility compared to mid and small-cap funds.
5. Top 5 Companies in Midcap Funds (3-Year Performance)
Midcap funds invest in companies ranked beyond the top 100 in terms of market capitalization but still within the top 250. These companies have strong growth potential. Here are the top-performing midcap funds for the last 3 years:
| Rank | Company | Fund Name | 3-Year CAGR (%) |
|---|---|---|---|
| 1 | Kotak Mutual Fund | Kotak Emerging Equity Fund | 26.70% |
| 2 | DSP Mutual Fund | DSP Midcap Fund | 25.90% |
| 3 | Axis Mutual Fund | Axis Midcap Fund | 25.40% |
| 4 | Mirae Asset Mutual Fund | Mirae Asset Midcap Fund | 24.80% |
| 5 | HDFC Mutual Fund | HDFC Midcap Opportunities Fund | 24.50% |
Kotak Emerging Equity Fund leads the midcap category with a robust 26.70% CAGR over 3 years, making it an attractive choice for midcap investors.
6. Top 5 Companies in Small Cap Funds (3-Year Performance)
Small-cap funds invest in companies beyond the top 250 in terms of market capitalization. These funds are often volatile but can deliver higher returns for investors with a higher risk appetite. Here are the top-performing small-cap funds for the last 3 years:
| Rank | Company | Fund Name | 3-Year CAGR (%) |
|---|---|---|---|
| 1 | Quant Mutual Fund | Quant Small Cap Fund | 41.80% |
| 2 | Nippon India Mutual Fund | Nippon India Small Cap Fund | 36.90% |
| 3 | SBI Mutual Fund | SBI Small Cap Fund | 35.50% |
| 4 | ICICI Prudential Mutual Fund | ICICI Prudential Smallcap Fund | 34.30% |
| 5 | HDFC Mutual Fund | HDFC Small Cap Fund | 33.70% |
Quant Small Cap Fund outshines others with an impressive 41.80% CAGR over the last 3 years, making it a standout performer in the small-cap space.
Conclusion
India’s mutual fund industry is vast and competitive, with several companies excelling in different categories. The top players, such as SBI Mutual Fund, ICICI Prudential Mutual Fund, and HDFC Mutual Fund, have consistently performed well in terms of both assets under management and fund performance.
For long-term investors, large-cap funds have been a safe bet, with funds like Mirae Asset Large Cap Fund and Axis Bluechip Fund delivering solid returns over the past three years. As always, it’s important for investors to assess their risk appetite, financial goals, and the track record of fund managers before making any investment decisions.
