Here is a list of what many consider are the top 5 mutual funds currently operating in India. They are chosen for the gains they have brought their investors, their reputation and background, and for the quality of the sponsors that are behind the fund.
HDFC Mutual Fund
The HDFC mutual fund was approved in June 2000 by SEBI. The fund offers Debt Funds schemes, Equity and Balanced Funds, and it is considered as one of the best mutual funds in India The last few years have been amazing for this mutual fund: growth has been impressive and consistent. HDFC Asset Management Company regulates the fund. This company is a joint venture between Standard Life Investments and HDFC (the largest housing finance company in India). HDFC Asset Management has assets of more than Rs.25000 crores.
SBI Mutual Fund
SBI is the largest bank in India, and it sponsors the SBI Mutual Fund. This fund has created a tremendous amount of money for its members in recent years. The fund is a joint venture between SBI and Société Générale Asset Management: one of the world’s most prominent fund managers, and it oversees more than $500 billion internationally. This fund has been operating for 20 years, in which time it has launched 38 successful schemes, of which 15 have been redeemed. The fund currently has assets which are valued at more than Rs.40000 crores. The success of this fund gets it into the list of the top 5 mutual funds in India
Kotak Mutual Fund
The sponsor of the Kotak Mutual Fund is Kotak Mahindra Bank. This dynamic bank is one of the fastest growing in India, which has consistently received very high ratings. This fund offers a wide range of products and services and is attractive to all types of investors. The asset manager for this fund is Kotak Mahindra Asset Management. This is without doubt one of the best mutual funds in India
Franklin Templeton Mutual Fund
The Franklin Templeton fund is one of the most talked-about in India. It has 33 offices throughout the county, and has assets which are worth more than Rs.35000 crores. The fund is managed by Franklin Templeton Investments, which is a massive global investment firm. The Franklin Templeton fund has put a lot of money into investor education and continuously strives to earn the maximum gains for its investors.
Sundaram BNP Paribas Mutual Fund
The Sundaram BNP Parabas Fund is managed by the Sundaram BNP Parabas Asset Management Company. The high-profile financial services company, SUNDARAM Finance, is the sponsor of the company. The company was founded 15 years ago as a joint venture between Newton Investment Management and Sundaram Finance. Sundaram BNP Paribas Asset Management has an exceptional reputation in India, and it is one of the biggest fund houses in the country. As mentioned, the sponsor of the funds is BNP Paribas Asset Management and Sundaram Finance Group. These are two of the biggest players in the financial services industry.
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en.wikipedia.org
