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Basis of Mutual Funds | The ABCs Classes | Fees and Expenses | The Risks of Investing | Selecting Fund | Duties of Mutual Funds | Advantages of MF
Major Mutual Fund Companies in India
ABN AMRO Mutual Fund
ABN AMRO Mutual Funds are promoted by ABN AMRO Bank, one of the leading banks of the world. ABN AMRO Mutual Fund was setup on April 15, 2004 with ABN AMRO Trustee (India) Private Ltd. as the Trustee Company. The AMC, ABN AMRO Asset Management (India) Ltd. was incorporated on November 4, 2003. Deutsche Bank AG is the custodian of ABN AMRO Mutual Fund.
Sponsors: ABN AMRO Asset Management (Asia) Limited. Trustee: ABN AMRO Trustee (India) Private Limited. Investment Manager: ABN AMRO Asset Management (India) Limited. Statutory Auditors for the Fund: S.R. BATLIBOI & CO.
ABN AMRO Asset Management is one of the world's leading asset management companies with more than 70 years of experience in managing funds for individual customers and institutional clients including central banks, pension funds, insurance companies and other institutions.
| | Open Ended Funds | | Close Ended |
 | ABN AMRO Cash Fund |  | ABN AMRO Dual Advantage Fund |
 | ABN AMRO Dividend Yield Fund |  | ABN AMRO Fixed Term Plan |
 | ABN AMRO Equity Fund |  | ABN AMRO Multi Manager Fund |
 | ABN AMRO Flexi Debt Fund |  | ABN AMRO Sustainable Development Fund |
 | ABN AMRO Floating Rate Fund | | |
 | ABN AMRO Future Leaders Fund | | |
 | ABN AMRO Money Plus Fund | | |
 | ABN AMRO Monthly Income Plan | | |
 | ABN AMRO Opportunities Fund | | |
 | ABN AMRO Tax Advantage Plan | | |
Alliance Capital Mutual Fund
Alliance Capital Mutual Fund was setup on December 30, 1994 with Alliance Capital Management Corp. of Delaware (USA) as sponsorer. The Trustee is ACAM Trust Company Pvt. Ltd. and AMC, the Alliance Capital Asset Management India (Pvt) Ltd. with the corporate office in Mumbai.
Bank of Baroda Mutual Fund (BOB Mutual Fund)
Bank of Baroda Mutual Fund or BOB Mutual Fund was setup on October 30, 1992 under the sponsorship of Bank of Baroda. BOB Asset Management Company Limited is the AMC of BOB Mutual Fund and was incorporated on November 5, 1992. Deutsche Bank AG is the custodian.
 | Baroda Global Fund |
 | BOB Balance Fund |
 | BOB Children Fund |
 | BOB Diversified Fund |
 | BOB ELSS 96 |
 | BOB Gilt Fund |
 | BOB Gilt Fund PF Plan |
 | BOB Growth Fund |
 | BOB Income Fund |
 | BOB Liquid Fund |
Benchmark Mutual Funds
Benchmark Mutual Fund was setup on June 12, 2001 with Niche Financial Services Pvt. Ltd. as the sponsorer and Benchmark Trustee Company Pvt. Ltd. as the Trustee Company. Incorporated on October 16, 2000 and headquartered in Mumbai, Benchmark Asset Management Company Pvt. Ltd. is the AMC.
| | Open Ended Funds | | Close Ended |
 | Bank BeES |  | Benchmark Split Capital Fund |
 | Benchmark Derivative Fund | | |
 | Gold BeES | | |
 | Junior BeES | | |
 | Liquid BeES | | |
 | Nifty BeES | | |
Birla Sun Life Mutual Fund
Birla Sun Life Mutual Fund is the joint venture of Aditya Birla Group and Sun Life Financial. Sun Life Financial is a golbal organisation evolved in 1871 and is being represented in Canada, the US, the Philippines, Japan, Indonesia and Bermuda apart from India. Birla Sun Life Mutual Fund follows a conservative long-term approach to investment. Recently it crossed AUM of Rs. 10,000 crores.
 | Birla Advantage Fund |
 | Birla Balance Fund |
 | Birla Bond Index Fund |
 | Birla Bond Plus |
 | Birla Cash Plus |
 | Birla Dividend Yield Plus |
 | Birla Dynamic Bond Fund |
 | Birla Equity Plan |
 | Birla Floating Rate Fund |
 | Birla Gilt Plus |
Canbank Mutual Fund
Canbank Mutual Fund was setup on December 19, 1987 with Canara Bank acting as the sponsor. Canbank Investment Management Services Ltd. incorporated on March 2, 1993 is the AMC. The Corporate Office of the AMC is in Mumbai.
 | Canbalance |
 | Cancigo |
 | Canemerging Equities |
 | Canequity Diversified |
 | Canequity Tax Saver |
 | CanExpo |
 | Canfloating Rate |
 | Canfortune 94 |
 | Cangilt PGS |
 | Cangrowth Plus |
Chola Mutual Fund
Chola Mutual Fund under the sponsorship of Cholamandalam Investment & Finance Company Ltd. was setup on January 3, 1997. Cholamandalam Trustee Co. Ltd. is the Trustee Company and AMC is Cholamandalam AMC Limited.
 | DBS Chola Contra Fund |
 | DBS Chola Floating Rate Fund |
 | DBS Chola Freedom Income Short Term Fund |
 | DBS Chola GILT Investment Plan |
 | DBS Chola Global Advantage Fund |
 | DBS Chola Liquid Fund |
 | DBS Chola Midcap Fund |
 | DBS Chola Monthly Income Plan |
 | DBS Chola Multi-Cap Fund |
 | DBS Chola Opportunities Fund |
Deutsche Mutual Fund
 | DWS Alpha Equity Fund |
 | DWS Floating Rate Fund |
 | DWS Insta Cash Plus Fund |
 | DWS Investment Opportunity Fund |
 | DWS MIP Fund A |
 | DWS MIP Fund B |
 | DWS Money Plus Fund |
 | DWS Premier Bond Fund |
 | DWS Tax Saving Fund |
Escorts Mutual Fund
Escorts Mutual Fund was setup on April 15, 1996 with Excorts Finance Limited as its sponsor. The Trustee Company is Escorts Investment Trust Limited. Its AMC was incorporated on December 1, 1995 with the name Escorts Asset Management Limited.
 | Escorts Balanced Fund |
 | Escorts Floating Rate Fund |
 | Escorts Gilt Plan |
 | Escorts Growth Plan |
 | Escorts High Yield Equity Plan |
 | Escorts Income Bond |
 | Escorts Income Plan |
 | Escorts Liquid Plan |
 | Escorts Opportunities Fund |
 | Escorts Tax Plan |
Franklin Templeton India Mutual Fund
The group, Frnaklin Templeton Investments is a California (USA) based company with a global AUM of US$ 409.2 bn. (as of April 30, 2005). It is one of the largest financial services groups in the world. Investors can buy or sell the Mutual Fund through their financial advisor or through mail or through their website. They have Open end Diversified Equity schemes, Open end Sector Equity schemes, Open end Hybrid schemes, Open end Tax Saving schemes, Open end Income and Liquid schemes, Closed end Income schemes and Open end Fund of Funds schemes to offer.
 | Franklin FMCG Fund |
 | Franklin India Balanced Fund |
 | Franklin India Bluechip Fund |
 | Franklin India Flexi Cap Fund |
 | Franklin India Index Fund |
 | Franklin India International Fund |
 | Franklin India Opportunities Fund |
 | Franklin India Prima Fund |
 | Franklin India Prima Plus |
 | Franklin India Taxshield |
Fidelity Mutual Fund
 | Fidelity Cash Fund |
 | Fidelity Equity Fund |
 | Fidelity India Special Situations Fund |
 | Fidelity International Opportunities Fund |
 | Fidelity MultiManager Cash Fund |
 | Fidelity Short Term Income Fund |
 | Fidelity Tax Advantage Fund |
GIC Mutual Fund
GIC Mutual Fund, sponsored by General Insurance Corporation of India (GIC), a Government of India undertaking and the four Public Sector General Insurance Companies, viz. National Insurance Co. Ltd (NIC), The New India Assurance Co. Ltd. (NIA), The Oriental Insurance Co. Ltd (OIC) and United India Insurance Co. Ltd. (UII) and is constituted as a Trust in accordance with the provisions of the Indian Trusts Act, 1882.
HDFC Mutual Fund
HDFC Mutual Fund was setup on June 30, 2000 with two sponsorers nemely Housing Development Finance Corporation Limited and Standard Life Investments Limited.
 | HDFC Balanced Fund |
 | HDFC Capital Builder Fund |
 | HDFC Cash Management Fund - Call Plan |
 | HDFC Cash Management Fund - Savings Plan |
 | HDFC Cash Management Fund - Savings Plus Plan |
 | HDFC Children's Gift Fund Investment Plan |
 | HDFC Children's Gift Fund Savings Plan |
 | HDFC Core & Satellite Fund |
 | HDFC Equity Fund |
 | HDFC Floating Rate Income Fund Long Term Plan |
HSBC Mutual Fund
HSBC Mutual Fund was setup on May 27, 2002 with HSBC Securities and Capital Markets (India) Private Limited as the sponsor. Board of Trustees, HSBC Mutual Fund acts as the Trustee Company of HSBC Mutual Fund.
 | HSBC Advantage India Fund |
 | HSBC Cash Fund |
 | HSBC Equity Fund |
 | HSBC Floating Rate Fund |
 | HSBC Gilt Fund |
 | HSBC Income Fund |
 | HSBC India Opportunities Fund |
 | HSBC Liquid Plus Fund |
 | HSBC Midcap Equity Fund |
 | HSBC MIP |
ING Vysya Mutual Fund
ING Vysya Mutual Fund was setup on February 11, 1999 with the same named Trustee Company. It is a joint venture of Vysya and ING. The AMC, ING Investment Management (India) Pvt. Ltd. was incorporated on April 6, 1998.
 | ING Select Debt Fund |
 | ING Vysya ATM Fund |
 | ING Vysya Balanced Fund |
 | ING Vysya Dividend Yield Fund |
 | ING Vysya Domestic Opportunities Fund |
 | ING Vysya Equity Fund |
 | ING Vysya Floating Rate Fund |
 | ING Vysya Gilt Fund |
 | ING Vysya Gilt Fund - Provident Fund - Dynamic Plan |
 | ING Vysya Income Fund |
JM Financial Mutual Fund
 | JM Arbitrage Advantage Fund |
 | JM Auto Sector Fund |
 | JM Balanced Fund |
 | JM Basic Fund |
 | JM Emerging Leaders Fund |
 | JM Equity & Derivative Fund |
 | JM Equity Fund |
 | JM Financial Services Sector Fund |
 | JM Floater Fund |
 | JM G-Sec Fund |
Kotak Mahindra Mutual Fund
Kotak Mahindra Asset Management Company (KMAMC) is a subsidiary of KMBL. It is presently having more than 1,99,818 investors in its various schemes. KMAMC started its operations in December 1998. Kotak Mahindra Mutual Fund offers schemes catering to investors with varying risk - return profiles. It was the first company to launch dedicated gilt scheme investing only in government securities.
 | Kotak 30 |
 | Kotak Balance |
 | Kotak Bond |
 | Kotak Cash Plus |
 | Kotak Contra |
 | Kotak Equity FOF |
 | Kotak Flexi Debt |
 | Kotak Floater Long Term |
 | Kotak Floater Short Term |
 | Kotak Gilt |
Life Insurance Corporation (LIC) Mutual Fund
Life Insurance Corporation of India set up LIC Mutual Fund on 19th June 1989. It contributed Rs. 2 Crores towards the corpus of the Fund. LIC Mutual Fund was constituted as a Trust in accordance with the provisions of the Indian Trust Act, 1882. . The Company started its business on 29th April 1994. The Trustees of LIC Mutual Fund have appointed Jeevan Bima Sahayog Asset Management Company Ltd as the Investment Managers for LIC Mutual Fund.
 | LIC MF Balanced Fund |
 | LIC MF Bond Fund |
 | LIC MF Children's Fund |
 | LIC MF Equity Fund |
 | LIC MF Floater MIP Plan A |
 | LIC MF Floater MIP Plan B |
 | LIC MF Floating Rate Fund |
 | LIC MF Govt Securities Fund |
 | LIC MF Growth Fund |
 | LIC MF Index Fund Nifty Plan |
Lotus India Mutual Fund
 | Lotus India Arbitrage Fund |
 | Lotus India Contra Fund |
 | Lotus India Liquid Fund |
 | Lotus India Liquid Plus Fund |
 | Lotus India Short Term Plan |
 | Lotus India Tax Plan |
 | Lotus India Mid Cap Fund |
Morgan Stanley Mutual Fund India
Morgan Stanley is a worldwide financial services company and its leading in the market in securities, investmenty management and credit services. Morgan Stanley Investment Management (MISM) was established in the year 1975. It provides customized asset management services and products to governments, corporations, pension funds and non-profit organisations. Its services are also extended to high net worth individuals and retail investors. In India it is known as Morgan Stanley Investment Management Private Limited (MSIM India) and its AMC is Morgan Stanley Mutual Fund (MSMF). This is the first close end diversified equity scheme serving the needs of Indian retail investors focussing on a long-term capital appreciation.
 | Morgan Stanley Growth Fund |
Merrill Lynch Mutual Fund
 | DSP Merrill Lynch Balanced Fund |
 | DSP Merrill Lynch Bond Fund |
 | DSP Merrill Lynch Equity Fund |
 | DSP Merrill Lynch Floating Rate Fund |
 | DSP Merrill Lynch Government Securities Fund |
 | DSP Merrill Lynch India TIGER Fund |
 | DSP Merrill Lynch Liquid Plus Fund |
 | DSP Merrill Lynch Liquidity Fund |
 | DSP Merrill Lynch Opportunities Fund |
 | DSP Merrill Lynch Savings Plus Fund - Aggressive |
Prudential ICICI Mutual Fund
The mutual fund of ICICI is a joint venture with Prudential Plc. of America, one of the largest life insurance companies in the US of A. Prudential ICICI Mutual Fund was setup on 13th of October, 1993 with two sponsorers, Prudential Plc. and ICICI Ltd. The Trustee Company formed is Prudential ICICI Trust Ltd. and the AMC is Prudential ICICI Asset Management Company Limited incorporated on 22nd of June, 1993.
 | Prudential ICICI Aggressive Plan |
 | Prudential ICICI Balanced Fund |
 | Prudential ICICI Blended Plan |
 | Prudential ICICI Cautious Plan |
 | Prudential ICICI Child Care Plan |
 | Prudential ICICI Discovery Fund |
 | Prudential ICICI Dynamic Plan |
 | Prudential ICICI Emerging STAR Fund |
 | Prudential ICICI Equity & Derivatives Fund |
 | Prudential ICICI Flexible Income Plan |
Quantum Mutual Fund
 | Quantum Liquid Fund |
 | Quantum Long Term Equity Fund |
Reliance Mutual Fund
Reliance Mutual Fund (RMF) was established as trust under Indian Trusts Act, 1882. The sponsor of RMF is Reliance Capital Limited and Reliance Capital Trustee Co. Limited is the Trustee. It was registered on June 30, 1995 as Reliance Capital Mutual Fund which was changed on March 11, 2004. Reliance Mutual Fund was formed for launching of various schemes under which units are issued to the Public with a view to contribute to the capital market and to provide investors the opportunities to make investments in diversified securities.
 | Reliance Banking Fund |
 | Reliance Diversified Power Sector Fund |
 | Reliance Equity Fund |
 | Reliance Equity Opportunities Fund |
 | Reliance Floating Rate Fund |
 | Reliance Gilt Securities Fund |
 | Reliance Growth Fund |
 | Reliance Income Fund |
 | Reliance Index Fund |
 | Reliance Liquid Fund |
Sahara Mutual Fund
Sahara Mutual Fund was set up on July 18, 1996 with Sahara India Financial Corporation Ltd. as the sponsor. Sahara Asset Management Company Private Limited incorporated on August 31, 1995 works as the AMC of Sahara Mutual Fund. The paid-up capital of the AMC stands at Rs 25.8 crore.
 | Sahara Gilt Fund |
 | Sahara Growth Fund |
 | Sahara Income Fund |
 | Sahara Infrastructure Fund |
 | Sahara Liquid Fund |
 | Sahara Midcap Fund |
 | Sahara Tax Gain Fund (ELSS) |
 | Sahara Wealth Plus Fund |
Standard Chartered Mutual Funds
Standard Chartered Mutual Fund was set up on March 13, 2000 sponsored by Standard Chartered Bank. The Trustee is Standard Chartered Trustee Company Pvt. Ltd. Standard Chartered Asset Management Company Pvt. Ltd. is the AMC which was incorporated with SEBI on December 20,1999.
 | Grindlays Cash Fund |
 | Grindlays Dynamic Bond Fund |
 | Grindlays Floating Rate Fund Long Term Plan |
 | Grindlays Floating Rate Fund Short Term Plan |
 | Grindlays Government Securities Fund Investment Plan |
 | Grindlays Government Securities Fund Short Term Plan |
 | Grindlays Super Saver Income Fund Investment Plan |
 | Grindlays Super Saver Income Fund Medium Term Plan |
 | Grindlays Super Saver Income Fund Short Term Plan |
 | Standard Chartered All Seasons Bond Fund |
 | Standard Chartered Classic Equity Fund |
 | Standard Chartered Equity Arbitrage Fund |
 | Standard Chartered Imperial Equity Fund |
 | Standard Chartered Premier Equity Fund |
 | Standard Chartered Enterprise Equity Fund |
 | Standard Chartered Tax Saver (ELSS) Fund |
Sundaram BNP Paribas Mutual Funds
 | Sundaram BNP Paribas Balanced Fund |
 | Sundaram BNP Paribas Bond Saver |
 | Sundaram BNP Paribas CAPEX Opportunities Fund |
 | Sundaram BNP Paribas Floating Rate Fund |
 | Sundaram BNP Paribas Gilt Fund |
 | Sundaram BNP Paribas Growth Fund |
 | Sundaram BNP Paribas Income Plus |
 | Sundaram BNP Paribas India Leadership Fund |
 | Sundaram BNP Paribas Money Fund |
 | Sundaram BNP Paribas Monthly Income Plan |
SBI Mutual Funds
 | SBI Arbitrage Opportunities Fund |
 | SBI Magnum Balanced Fund |
 | SBI Magnum Blue Chip Fund |
 | SBI Magnum Children's Benefit Plan |
 | SBI Magnum COMMA Fund |
 | SBI Magnum Contra Fund |
 | SBI Magnum Emerging Businesses Fund |
 | SBI Magnum Equity Fund |
 | SBI Magnum FMCG Fund |
 | SBI Magnum Gilt Fund Long Term Plan |
State Bank of India Mutual Fund
State Bank of India Mutual Fund is the first Bank sponsored Mutual Fund to launch offshor fund, the India Magnum Fund with a corpus of Rs. 225 cr. approximately. Today it is the largest Bank sponsored Mutual Fund in India. They have already launched 35 Schemes out of which 15 have already yielded handsome returns to investors. State Bank of India Mutual Fund has more than Rs. 5,500 Crores as AUM. Now it has an investor base of over 8 Lakhs spread over 18 schemes.
Tata Mutual Fund
Tata Mutual Fund (TMF) is a Trust under the Indian Trust Act, 1882. The sponsorers for Tata Mutual Fund are Tata Sons Ltd., and Tata Investment Corporation Ltd. The investment manager is Tata Asset Management Limited and its Tata Trustee Company Pvt. Limited. Tata Asset Management Limited's is one of the fastest in the country with more than Rs. 7,703 crores (as on April 30, 2005) of AUM.
 | Tata Contra Fund |  | Tata Liquid Fund |
 | Tata Dividend Yield Fund |  | Tata Liquidity Management Fund |
 | Tata Dynamic Bond Fund |  | Tata Mid Cap Fund |
 | Tata Equity Opportunities Fund |  | Tata MIP Plus Fund |
 | Tata Equity P/E Fund |  | Tata Monthly Income Fund |
 | Tata Fixed Horizon Fund |  | Tata Pure Equity Fund |
 | Tata Floater Fund |  | Tata Select Equity Fund |
 | Tata Floating Rate Fund |  | Tata Service Industries Fund |
 | Tata Gilt Securities Fund |  | Tata Short Term Bond Fund |
 | Tata Growth Fund |  | Tata Tax Saving Fund |
 | Tata Income Fund |  | Tata Young Citizen's Fund |
 | Tata Income Plus Fund |  | Tata Capital Builder Fund |
 | Tata Index Fund |  | Tata Equity Management Fund |
 | Tata Infrastructure Fund |  | Tata SIP Fund Scheme I |
 | Tata Life Sciences & Technology Fund |  | Tata Tax Advantage Fund 1 |
Taurus Mutual Funds
 | Taurus Bonanza Exclusive Growth Scheme |
 | Taurus Discovery Stock |
 | Taurus Infra Tips |
 | Taurus Libra Bond Fund |
 | Taurus Libra Gilt Fund |
 | Taurus Libra Taxshield |
 | Taurus Liquid Fund |
 | Taurus Starshare |
Unit Trust of India Mutual Fund
UTI Asset Management Company Private Limited, established in Jan 14, 2003, manages the UTI Mutual Fund with the support of UTI Trustee Company Privete Limited. UTI Asset Management Company presently manages a corpus of over Rs.20000 Crore. The sponsorers of UTI Mutual Fund are Bank of Baroda (BOB), Punjab National Bank (PNB), State Bank of India (SBI), and Life Insurance Corporation of India (LIC). The schemes of UTI Mutual Fund are Liquid Funds, Income Funds, Asset Management Funds, Index Funds, Equity Funds and Balance Funds.
UTI Auto Sector Fund
 | UTI Balanced Fund |
 | UTI Banking Sector Fund |
 | UTI Bond Advantage Fund LTP |
 | UTI Bond Fund |
 | UTI Brand Value Fund |
 | UTI Charitable & Religious Trust & Registered Society |
 | UTI Children Career Bond Plan |
 | UTI Contra Fund |
 | UTI Dividend Yield Fund |
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