Top 5 Mutual Fund Companies in India

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:

RankCompanyYear of Establishment
1UTI Asset Management1963
2SBI Mutual Fund1987
3LIC Mutual Fund1989
4ICICI Prudential Mutual Fund1993
5HDFC Mutual Fund1999

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):

RankCompanyAUM (in ₹ Cr)
1SBI Mutual Fund₹ 8.5 lakh crore
2ICICI Prudential Mutual Fund₹ 6.9 lakh crore
3HDFC Mutual Fund₹ 6.5 lakh crore
4Nippon India Mutual Fund₹ 3.7 lakh crore
5Kotak 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:

RankCompanyPerformance Highlights
1Axis Mutual FundKnown for consistent equity fund performance, especially Axis Bluechip Fund.
2Mirae Asset Mutual FundStrong in equity, particularly with Mirae Asset Large Cap Fund and Mirae Emerging Bluechip.
3SBI Mutual FundConsistently strong across large-cap and hybrid schemes.
4ICICI Prudential Mutual FundImpressive across equity, debt, and hybrid segments.
5HDFC Mutual FundStrong 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:

RankCompanyFund Name3-Year CAGR (%)
1Mirae Asset Mutual FundMirae Asset Large Cap Fund18.50%
2Axis Mutual FundAxis Bluechip Fund16.80%
3SBI Mutual FundSBI Bluechip Fund16.20%
4ICICI Prudential Mutual FundICICI Prudential Bluechip Fund15.90%
5HDFC Mutual FundHDFC Top 100 Fund15.50%

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:

RankCompanyFund Name3-Year CAGR (%)
1Kotak Mutual FundKotak Emerging Equity Fund26.70%
2DSP Mutual FundDSP Midcap Fund25.90%
3Axis Mutual FundAxis Midcap Fund25.40%
4Mirae Asset Mutual FundMirae Asset Midcap Fund24.80%
5HDFC Mutual FundHDFC Midcap Opportunities Fund24.50%

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:

RankCompanyFund Name3-Year CAGR (%)
1Quant Mutual FundQuant Small Cap Fund41.80%
2Nippon India Mutual FundNippon India Small Cap Fund36.90%
3SBI Mutual FundSBI Small Cap Fund35.50%
4ICICI Prudential Mutual FundICICI Prudential Smallcap Fund34.30%
5HDFC Mutual FundHDFC Small Cap Fund33.70%

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.

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