Mutual Fund is a vehicle that enables a collective group of individuals to:
- Pool their investible surplus funds and collectively invest in instruments / assets for a common investment objective.
- Optimize the knowledge and experience of a fund manager, a capacity that individually they may not have
- Benefit from the economies of scale which size enables and is not available on an individual basis
Investing in a mutual fund is like an investment made by a collective. An individual as a single investor is likely to have lesser amount of money at disposal than say, a group of friends put together. Now, let’s assume that this group of individuals is a novice in investing and so the group turns over the pooled funds to an expert to make their money work for them. This is what a professional Asset Management Company does for mutual funds. The AMC invests the investors’ money on their behalf into various assets towards a common investment objective.
Hence, technically speaking, a mutual fund is an investment vehicle which pools investors’ money and invests the same for and on behalf of investors into stocks, bonds, money market instruments and other assets. The money is received by the AMC with a promise that it will be invested in a particular manner by professional managers (commonly known as fund managers). The fund managers are expected to honor this promise. The SEBI and the Board of Trustees ensure that this actually happens.
A.Bank Sponsored
- Joint Ventures – Predominantly Indian
- BOI AXA Investment Managers Private Limited
- Canara Robeco Asset Management Company Limited
- SBI Funds Management Private Limited
- Union Asset Management Company Private Limited (formerly Union KBC Asset Management Co. Pvt. Ltd)
- Others
- Baroda Asset Management India Limited (formerly known as Baroda Pioneer Asset Management Co. Ltd.)
- IDBI Asset Management Ltd.
- UTI Asset Management Company Ltd
B.Institutions
- Indian
- IIFCL Asset Management Co. Ltd.
- LIC Mutual Fund Asset Management Limited
C.Private Sector
- Indian
- DSP Investment Managers Private Limited
- Edelweiss Asset Management Limited
- Essel Finance AMC Limited
- IDFC Asset Management Company Limited
- IIFL Asset Management Ltd. (Formerly known as India Infoline Asset Management Co. Ltd.)
- IL&FS Infra Asset Management Limited (CIN U65191MH2013PLC239438)
- Indiabulls Asset Management Company Ltd.
- ITI Asset Management Limited
- JM Financial Asset Management Limited
- Kotak Mahindra Asset Management Company Limited(KMAMCL)
- L&T Investment Management Limited
- Mahindra Asset Management Company Pvt. Ltd.
- Motilal Oswal Asset Management Company Limited
- PPFAS Asset Management Pvt. Ltd.
- Quant Money Managers Limited
- Quantum Asset Management Company Private Limited
- Sahara Asset Management Company Private Limited
- Shriram Asset Management Co. Ltd.
- SREI Mutual Fund Asset Management Pvt. Ltd.
- Sundaram Asset Management Company Limited
- Tata Asset Management Limited
- Taurus Asset Management Company Limited
- YES Asset Management (India) Ltd.
- Foreign
- BNP Paribas Asset Management India Private Limited
- Franklin Templeton Asset Management (India) Private Limited
- HSBC Asset Management (India) Private Ltd.
- Invesco Asset Management (India) Private Limited
- Mirae Asset Global Investments (India) Pvt. Ltd.
- Principal Asset Management Pvt. Ltd.
- Joint Ventures – Predominantly Indian
- Aditya Birla Sun Life AMC Limited
- Axis Asset Management Company Ltd.
- HDFC Asset Management Company Limited (Corporate Identification Number – U65991MH1999PLC123027)
- ICICI Prudential Asset Management Company Limited
- Reliance Nippon Life Asset Management Limited
- Joint Ventures – Others
- DHFL Pramerica Asset Managers Private Limited
There are total of 43 Assets under management (AUMs) of mutual funds in India. Nevertheless, an interesting point to note here is that the total number of mutual fund schemes is over 2599 in India.
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