In India, a growing number of people are turning to mutual funds as their preferred investment option. Traditional avenues like gold, real estate, and bank deposits are gradually falling out of favor.
This shift is largely driven by the higher return potential that mutual funds offer compared to these conventional investment methods.
Over the past five years, the industry’s assets under management (AUM) have nearly tripled, growing at a CAGR of 21.91%. This strong momentum continued in 2025, with AUM increasing 18.69% year-on-year to Rs.81 trillion in November 2025 from Rs.68 trillion in November 2024.
There are 40 Asset Management Companies (AMCs) or mutual fund houses operating in India. These companies manage the investments of investors to fetch them optimal returns. Below we have provided a list of mutual fund houses in India
Asset Management Companies (AMCs) | No. of Funds | AMC Age | AUM |
ICICI Prudential Mutual Fund | 98 | 32 years | Rs.10,60,747 crore |
SBI Mutual Fund | 73 | 38 years | Rs.12,07,585 crore |
HDFC Mutual Fund | 77 | 26 years | Rs. 8,93,028 crore |
Kotak Mahindra Mutual Fund | 89 | 31 years | Rs. 5,66,982 crore |
Nippon India Mutual Fund | 71 | 30 years | Rs. 6,63,684 crore |
Aditya Birla Sun Life Mutual Fund | 84 | 31 years | Rs.4,28,066 crore |
Axis Mutual Fund | 69 | 16 years | Rs. 3,54,362 crore |
UTI Mutual Fund | 63 | 23 years | Rs. 3,79,176 crore |
DSP Mutual Fund | 55 | 29 years | Rs.2,12,960 crore |
Tata Mutual Fund | 61 | 30 years | Rs. 2,17,939 crore |
Mirae Asset Mutual Fund | 48 | 18 years | Rs. 2,15,434 crore |
Bandhan Mutual Fund | 67 | 26 years | Rs. 1,87,716 crore |
HSBC Mutual Fund | 38 | 23 years | Rs. 1,36,405 crore |
Invesco Mutual Fund | 37 | 19 years | Rs. 1,28,693 crore |
Franklin Templeton Mutual Fund | 34 | 29 years | Rs. 1,23,581 crore |
PPFAS Mutual Fund | 6 | 13 years | Rs. 1,32,181 crore |
Edelweiss Mutual Fund | 50 | 17 years | Rs. 1,78,678 crore |
Canara Robeco Mutual Fund | 24 | 38 years | Rs. 1,19,727 crore |
Quant Mutual Fund | 29 | 29 years | Rs. 96,241 crore |
Motilal Oswal Mutual Fund | 46 | 16 years | Rs. 1,27,837 crore |
Sundaram Mutual Fund | 32 | 29 years | Rs. 74,005 crore |
Baroda BNP Paribas Mutual Fund | 43 | 21 years | Rs. 50,753 crore |
LIC Mutual Fund | 32 | 31 years | Rs. 41,742 crore |
Mahindra Manulife Mutual Fund | 25 | 9 years | Rs. 31,673 crore |
PGIM India Mutual Fund | 21 | 15 years | Rs. 26,927 crore |
Bajaj Finserv Mutual Fund | 20 | 4 years | Rs. 29,226 crore |
Union Mutual Fund | 30 | 16 years | Rs. 23,799 crore |
WhiteOak Capital Mutual Fund | 19 | 7 years | Rs. 24,943 crore |
JM Financial Mutual Fund | 16 | 31 years | Rs. 14,902 crore |
360 ONE Mutual Fund | 9 | 15 years | Rs. 12,960 crore |
Bank of India Mutual Fund | 21 | 17 years | Rs. 13,428 crore |
ITI Mutual Fund | 17 | 7 years | Rs. 10,715 crore |
Navi Mutual Fund | 15 | 16 years | Rs. 8,453 crore |
Helios Mutual Fund | 7 | 4 years | Rs. 5,209 crore |
Samco Mutual Fund | 12 | 4 years | Rs. 2,963 crore |
Quantum Mutual Fund | 12 | 20 years | Rs. 3,369 crore |
Old Bridge Mutual Fund | 1 | 2 year | Rs. 1,953 crore |
Capitalmind Mutual Fund | 2 | 8 months | Rs. 69 crore |
Union Mutual Fund | 30 | 16 years | Rs. 23,799 crore |
Mentioned below are the top fifteen mutual fund companies in India:
Fund Category | Name of the Fund |
Equity Funds |
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Hybrid Funds |
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Debt Funds |
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ELSS Funds | ICICI Prudential ELSS Tax Saver Fund Direct - Growth |
Index Funds |
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Fund Category | Name of the Fund |
Equity Funds |
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Debt Funds |
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Hybrid Funds |
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ELSS Funds | SBI Long Term Equity Fund Direct – Growth |
Index Funds |
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Fund Category | Name of the Fund |
Equity Funds |
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Debt Funds |
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Hybrid Funds |
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ELSS Funds | HDFC ELSS Tax Saver Fund Direct - Growth |
Index Funds |
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Fund Category | Name of the Fund |
Equity Funds |
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Hybrid Funds |
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Debt Funds |
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ELSS Funds | Kotak ELSS Tax Saver Fund Direct – Growth |
Index Funds |
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Fund Category | Name of the Fund |
Equity Funds |
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Debt Funds |
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Hybrid Funds |
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ELSS Funds | Aditya Birla Sun Life ELSS Tax Saver Fund Direct – Growth |
Index Funds |
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Fund Category | Name of the Fund |
Equity Funds |
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Debt Funds |
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Hybrid Funds |
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ELSS Funds | UTI ELSS Tax Saver Fund Direct – Growth |
Index Funds |
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Fund Category | Name of the Fund |
Equity Funds |
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Debt Funds |
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Hybrid Funds |
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ELSS Funds | DSP ELSS Tax Saver Fund Direct – Growth |
Index Funds |
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Fund Category | Name of the Fund |
Equity Funds |
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Debt Funds |
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Hybrid Funds |
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ELSS Funds | Tata ELSS Tax Saver Fund Direct – Growth |
Index Funds |
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Fund Category | Name of the Fund |
Equity Funds |
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Debt Funds |
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Hybrid Funds |
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ELSS Funds | Mirae Asset ELSS Tax Saver Fund Direct – Growth |
Index Funds |
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Fund Category | Name of the Fund |
Equity Funds |
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Debt Funds |
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Hybrid Funds |
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ELSS Funds | Bandhan ELSS Tax Saver Fund Direct – Growth |
Index Funds |
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Fund Category | Name of the Fund |
Equity Funds | HSBC Small Cap Equity Fund Direct – Growth HSBC Infrastructure Fund Direct – Growth HSBC Value Fund Direct – Growth HSBC Midcap Fund Direct – Growth HSBC Large and Mid Cap Fund Direct – Growth HSBC Flexi Cap Fund Direct – Growth HSBC ELSS Tax Saver Fund Direct – Growth HSBC Large Cap Fund Direct – Growth HSBC Multi Cap Fund Direct – Growth HSBC India Export Opportunities Fund Direct – Growth |
Debt Funds | HSBC Credit Risk Fund Direct – Growth HSBC Medium Duration Fund Direct – Growth HSBC Low Duration Fund Direct – Growth HSBC Corporate Bond Fund Direct – Growth HSBC Short Duration Fund Direct – Growth HSBC Banking & PSU Debt Fund Direct – Growth HSBC Ultra Short Duration Fund Direct – Growth HSBC Money Market Fund Direct – Growth |
Hybrid Funds | HSBC Aggressive Hybrid Active FoF Fund Direct – Growth HSBC Aggressive Hybrid Fund Direct – Growth HSBC Equity Savings Fund Direct – Growth HSBC Balanced Advantage Fund Direct – Growth HSBC Conservative Hybrid Fund Direct – Growth HSBC Arbitrage Fund Direct – Growth HSBC Multi Asset Allocation Fund Direct – Growth |
ELSS Funds | HSBC Tax Saver Equity Fund – Growth Direct Plan HSBC ELSS Tax Saver Equity Fund Direct – Growth |
Index Funds | HSBC Nifty Next 50 Index Fund Direct – Growth HSBC Nifty 50 Index Fund Direct – Growth HSBC CRISIL IBX 50:50 Gilt Plus SDL Apr 2028 Index Fund Direct – Growth HSBC CRISIL IBX Gilt Jun 2027 Index Fund Direct – Growth |
Fund Category | Name of the Fund |
Equity Funds |
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Debt Funds |
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Hybrid Funds |
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ELSS Funds | Invesco India ELSS Tax Saver Fund Direct – Growth |
Index Funds |
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Fund Category | Name of the Fund |
Equity Funds |
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Debt Funds |
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Hybrid Funds |
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ELSS Funds | Edelweiss ELSS Tax Saver Fund Direct – Growth |
Index Funds |
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Fund Category | Name of the Fund |
Equity Funds | Franklin Build India Fund Direct – Growth Franklin India Smaller Companies Fund Direct – Growth Franklin India Opportunities Fund Direct – Growth Franklin India Flexi Cap Fund Direct – Growth Franklin India Prima Fund Direct – Growth Franklin India ELSS Tax Saver Fund Direct – Growth Franklin India Focused Equity Fund Direct – Growth Franklin India Equity Advantage Fund Direct – Growth Franklin India Bluechip Fund Direct – Growth Franklin India Multi Cap Fund Direct – Growth |
Debt Funds | Franklin India Corporate Debt Fund Direct – Growth Franklin India Floating Rate Fund Direct – Growth Franklin India Banking & PSU Debt Fund Direct – Growth Franklin India Money Market Fund Direct – Growth Franklin India Government Securities Fund Direct – Growth Franklin India Liquid Fund Super Institutional Plan Direct – Growth Franklin India Overnight Fund Direct – Growth Franklin India Low Duration Fund Direct – Growth Franklin India Ultra Short Duration Fund Direct – Growth Franklin India Medium to Long Duration Fund Direct – Growth |
Hybrid Funds | Franklin India Equity Hybrid Fund Direct – Growth Franklin India Equity Savings Fund Direct – Growth Franklin India Debt Hybrid Fund Direct – Growth Franklin India Balanced Advantage Fund Direct – Growth Franklin India Arbitrage Fund Direct – Growth |
ELSS Funds | Franklin India ELSS Tax Saver Fund Direct – Growth |
Index Funds | Franklin India NSE Nifty 50 Index Fund Direct – Growth |
Fund Category | Name of the Fund |
Equity Funds | Canara Robeco Small Cap Fund Direct – Growth Canara Robeco Emerging Equities Fund Direct – Growth Canara Robeco Consumer Trends Fund Direct – Growth Canara Robeco ELSS Tax Saver Fund Direct – Growth Canara Robeco Flexi Cap Fund Direct – Growth Canara Robeco Bluechip Equity Direct – Growth Canara Robeco Multi Cap Fund Direct – Growth Canara Robeco Mid Cap Fund Direct – Growth Canara Robeco Focused Equity Fund Direct – Growth Canara Robeco Manufacturing Fund Direct – Growth |
Debt Funds | Canara Robeco Gilt Fund Direct – Growth Canara Robeco Income Fund Direct – Growth Canara Robeco Corporate Bond Fund Direct – Growth Canara Robeco Dynamic Bond Fund Direct – Growth Canara Robeco Short Duration Fund Direct – Growth Canara Robeco Savings Fund Direct – Growth Canara Robeco Ultra Short Term Fund Direct – Growth Canara Robeco Liquid Fund Direct – Growth Canara Robeco Overnight Fund Direct – Growth Canara Robeco Banking & PSU Debt Fund Direct – Growth |
Hybrid Funds | Canara Robeco Equity Hybrid Fund Direct – Growth Canara Robeco Conservative Hybrid Fund Direct – Growth Canara Robeco Balanced Advantage Fund Direct – Growth |
ELSS Funds | Canara Robeco ELSS Tax Saver Fund Direct – Growth |
The ways to select the fund house are mentioned below:
Disclaimer
Mutual Fund investments will be subject to market risks. Any mutual fund listed in the document does not guarantee fund performance or its underlying creditworthiness. Do read the mutual fund document thoroughly before investing. Specific investment needs and other factors have to be taken into account while designing a mutual fund portfolio.
GST rate of 18% applicable for all financial services effective July 1, 2017
Funds like Aditya Birla Sun Life PSU Equity and Quant Multi Asset Fund are leading in returns. Performance varies by category (equity, debt, hybrid).
Mutual funds include equity, debt, hybrid, solution-oriented, and thematic/sectoral categories.
SIP investments can start at Rs.500; and lump sum usually starts at Rs.5,000.
Equity funds have 10–15% tax on gains; debt funds are taxed as per slab or with indexation.

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