Mutual funds are a popular investment option for individuals looking to invest their money and diversify their portfolios. Mutual funds offer an opportunity for investors to pool their money together and invest in a diversified portfolio of assets, managed by professional fund managers.
Over the years, mutual funds have become an integral part of the Indian investment landscape, with a wide range of options available to investors. In this article, we will take a look at the oldest mutual funds in India, the all-time best mutual funds in India, and the largest mutual fund in India.
Largest Mutual Funds in India
The Indian mutual fund industry has grown rapidly in recent years, with numerous mutual fund houses and products available to investors. Among the many mutual funds available, some have emerged as the largest mutual funds in India.
The largest mutual funds in India are those that have a large corpus, and many investors have invested in them. The largest mutual fund in India is the HDFC Mutual Fund, with assets under management (AUM) of over Rs. 4.24 lakh crores as of 2023.
The other mutual funds that feature among the largest mutual funds in India are SBI Mutual Fund, ICICI Prudential Mutual Fund, Aditya Birla Sun Life Mutual Fund, and Nippon India Mutual Fund.
Oldest Mutual Funds in India
The Indian mutual fund industry dates back to 1963 when the Unit Trust of India (UTI) was established as the first mutual fund in the country. The UTI was set up by the Reserve Bank of India (RBI) and was initially intended to channel the savings of small investors into the capital market.
The UTI was the only mutual fund in India for more than two decades until the government allowed the entry of private sector mutual funds in 1993.
The oldest mutual fund in India is the UTI Mastershare Fund, which was launched in 1986. The UTI Mastershare Fund is a large-cap equity fund that has delivered good returns to investors over the years. Other oldest mutual funds in India include the SBI Magnum Equity Fund, Reliance Vision Fund, and Franklin India Bluechip Fund.
Investing in mutual funds is an excellent way to grow your wealth over the long term. However, it is important to note that investing in mutual funds comes with risks, and investors should do their due diligence before investing in any mutual fund.
It is advisable to choose a mutual fund based on your investment goals, risk appetite, and investment horizon. Additionally, investors should keep an eye on the fund's performance and the fund manager's track record.
With the growth of the Indian mutual fund industry, investors now have access to a wide range of mutual funds, making it easier for them to choose a fund that aligns with their investment goals and risk appetite.
All-time Best Mutual Funds in India
The Indian mutual fund industry has witnessed rapid growth over the years, with numerous mutual fund houses and products available to investors.
With so many options to choose from, it can be challenging for investors to pick the best mutual funds. Here are some of the all-time best mutual funds in India that have delivered consistent returns over the years.
- HDFC Mutual Fund: HDFC Mutual Fund is one of the most popular mutual funds in India, with a range of products across different categories. The HDFC Top 100 Fund and HDFC Balanced Advantage Fund are some of the best-performing funds in their respective categories.
- SBI Mutual Fund: SBI Mutual Fund is another well-known mutual fund house in India, with a range of products across different categories. The SBI Bluechip Fund and SBI Small Cap Fund are some of the best-performing funds in their respective categories.
- ICICI Prudential Mutual Fund: ICICI Prudential Mutual Fund is one of the largest mutual fund houses in India, with a range of products across different categories. The ICICI Prudential Bluechip Fund and ICICI Prudential Equity & Debt Fund are some of the best-performing funds in their respective categories.
Top-Performing Mutual Funds in India
Apart from the all-time best mutual funds, there are some top-performing mutual funds in India that have delivered exceptional returns over the past few years. Here are some of the top-performing mutual funds in India:
- Mirae Asset Emerging Bluechip Fund: The Mirae Asset Emerging Bluechip Fund is a mid-cap fund that has consistently delivered high returns over the past few years.
- Axis Bluechip Fund: The Axis Bluechip Fund is a large-cap fund that has delivered good returns to investors over the years.
- Kotak Standard Multicap Fund: The Kotak Standard Multicap Fund is a multicap fund that has consistently delivered good returns to investors over the years.
- Aditya Birla Sun Life Tax Relief 96 Fund: The Aditya Birla Sun Life Tax Relief 96 Fund is a tax-saving mutual fund that has delivered good returns to investors over the years.
However, investors should do their due diligence before investing in any mutual fund and choose a fund based on their investment goals, risk appetite, and investment horizon. Additionally, they should keep an eye on the fund's performance and the fund manager's track record.
Investing in Mutual Funds in India
Investing in mutual funds in India is a straightforward process. To invest in mutual funds, investors need to follow these steps:
- Open a mutual fund account: Investors need to open a mutual fund account with a fund house or a broker.
- Choose a mutual fund: Investors can choose a mutual fund based on their investment goals, risk appetite, and investment horizon.
- Complete KYC formalities: Investors need to complete the KYC formalities, which include providing personal and financial details, and submitting the necessary documents.
- Invest in the mutual fund: Once the KYC formalities are completed, investors can invest in the mutual fund of their choice.
In Conclusion
Mutual funds are an excellent investment option for individuals looking to diversify their portfolios and grow their wealth over the long term. With a wide range of mutual funds available in the Indian market, investors can choose a fund that aligns with their investment goals and risk appetite.
The Indian mutual fund industry has grown rapidly over the years, with numerous mutual fund houses and products available to investors. The oldest mutual fund in India is the UTI Mastershare Fund, which was launched in 1986, while the largest mutual fund in India is the HDFC Mutual Fund, with assets under management (AUM) of over Rs. 4.24 lakh crores.
Investing in mutual funds in India is a straightforward process that involves opening a mutual fund account, choosing a mutual fund, completing KYC formalities, and investing in the mutual fund of their choice.