Top Mutual Fund brands in India

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Despite the fact that a very small amount of money is invested in mutual funds by the Indian families, the mutual fund business in India is growing at a steady pace. There are different types of schemes that investors can go for and these schemes include both value-added schemes and innovative schemes.

Top Mutual Fund Brands in India: An overview

Given below are the highest traded mutual funds brands in India:

SBI Magnum Mutual Fund

The goal of SBI Magnum Mutual Fund is to offer maximum growth opportunities via equity investments in shares and stocks of developing segments of the economy. SBI Magnum Mutual Fund features five sub-funds committed to particular areas of investment such as Pharmaceuticals, Information Technology, Contrarian (investment in scrips presently in trouble), FMCG, and Emerging Businesses. The goal of investment in the Emerging Business Fund will be to take part in the development prospects offered by different companies that are regarded nascent and feature opportunities of outsourcing or export or are competitive worldwide through making investment in the stocks of those firms.

Major features of SBI Magnum Mutual Fund
  • Nature - Equity
  • Kind of scheme - Open Ended
  • Date of inception - September 17, 2004
  • Option - Growth
  • Face Value (Rs/Unit) 10
  • SIP (Systematic Investment Plan)
  • Fund Manager - Rama Iyer Srinivasan.
  • SWP (Systematic Withdrawal Plan)
  • STP (Systematic Transfer Plan)
  • Portfolio Turnover Ratio- 1.5%
  • Expense ratio - 2.29%
  • Minimum Investment (Rs) 2000
  • Daily NAV Calculation
  • Daily Purchase Redemptions
  • Exit Load - If the fund is redeemed between 0to one year, then exit load is 1%.
  • Entry Load - There is no entry load.
Contact Details of SBI Magnum Mutual Fund
Mutual Fund Registrar Asset Management Company
SBI Mutual Fund
191, Maker Tower
E, Cuffe Parade
Mumbai
Tel: (022) 22180227, 22180221
Computer Age Management Services Pvt. Ltd.
A&B, Lakshmi Bhavan
609, Anna Salai
Chennai
SBI Funds Management Private Ltd.
191, Maker Tower E,
Cuffe Parade
Mumbai - 400005
Tel: (022) 22180227, 22180221

Canara Robeco Indigo Growth Fund

The goal of this mutual fund is to create profits from a collection of investments comprising both debt and money market securities together with investments in Gold ETFs (Exchange Traded Funds). Nonetheless, it does not guarantee that the investment goal of the growth fund scheme will be accomplished.

Major features of Canara Robeco Indigo Growth Fund
  • Nature - Debt
  • Kind of scheme - Open Ended
  • Date of Inception - July 9, 2010
  • Option - Growth
  • Face Value (Rs/Unit) - 10
  • SIP (Systematic Investment Plan)
  • Fund Manager - Ritesh Jain.
  • Systematic Withdrawal Plan
  • Systematic Transfer Plan
  • Expense ratio - 1.92%
  • Minimum Investment – Rs. 5000
  • Daily NAV Calculation
  • Daily Purchase Redemptions
  • Exit Load - If the fund is redeemed between 0 year to one year, then exit load is 1%.
  • Entry Load - There is no entry load.
Contact details of Canara Robeco Indigo Growth Fund
Mutual Fund Registrar Asset Management Company
Canara Robeco Mutual Fund
4th Floor, Construction House
5 Walchand Hirachand Road, Ballard Estate
Mumbai
Tel. - 66585086, 66585000
Karvy Computershare Pvt. Ltd.
21, Avenue 4,
Street No 1, Banjara Hills
Hyderabad
Canara Robeco Asset Management Company Ltd.
Construction House, 4Th Floor
5, Walchand Hirachand Marg, Ballard Estate
Mumbai - 400001 Tel.- 66585000 ,66585010

ICICI Prudential Balance Fund

The goal of ICICI Prudential Balance Fund is to make investments in equity and debt market securities in an attempt to offer fair returns to the investor.

Important features of ICICI Prudential Balance Fund
  • Nature - Equity and Debt
  • Kind of Scheme - Open Ended
  • Date of Inception - November 3, 1999
  • Option - Growth
  • Face Value (Rs/Unit) - 10
  • SIP (Systematic Investment Plan)
  • Fund Manager - Avnish Jain, Prashant Kothari.
  • Systematic Transfer Plan
  • Systematic Withdrawal Plan
  • Portfolio Turnover Ratio - 49%
  • Expense ratio - 2.29%
  • Minimum Investment (Rs) 5000
  • Daily NAV Calculation
  • Daily Purchase Redemptions
  • Exit Load - If the fund is redeemed between 0 to one year, then exit load is 1%.
  • Entry Load - There is no entry load.
Contact Details ICICI Prudential Balanced Fund
Mutual Fund Registrar Asset Management Company
ICICI Prudential Mutual Fund
3rd Floor, Hallmark Business Plaza
Sant Dyaneshwar Marg, Bandra (East)
Mumbai
Tel.-26428000
Computer Age Management Services Pvt. Ltd.
A&B, Lakshmi Bhavan
609, Anna Salai
Chennai
ICICI Prudential Asset Management Company Ltd.
3rd Floor, Hallmark Business Plaza
Sant Dyaneshwar Marg, Bandra (East)
Mumbai - 400051 Tel.- 26428000

Religare Monthly Income Plan Plus – Growth Fund

The goal of Religare Monthly Income Plan Plus – Growth Fund is to make money on a continuous basis via a selection of Gold ETFs, fixed income securities, and equity and equity-linked instruments. Nonetheless, it does not give any pledge or guarantee that the investment goal of the Fund will be attained. Any returns from the scheme are also not guaranteed.

Important features of Religare Monthly Income Plan Plus – Growth Fund
  • Nature - Debt
  • Kind of Scheme - Open Ended
  • Date of Inception - June 1, 2010
  • Option - Growth
  • Face Value (Rs/Unit) – 10
  • Systematic Investment Plan
  • Fund Manager - Vetri Subramaniam, Sujoy K. Das.
  • Systematic Withdrawal Plan
  • Systematic Transfer Plan
  • Expense ratio - 2.05%
  • Minimum Investment – Rs. 5000
  • Daily Purchase Redemptions
  • Daily NAV Calculation
  • Entry Load -There is no entry load.
  • Exit Load -If the scheme is redeemed between 0 year to one year, then the exit load is 1%.
Contact details of Religare Monthly Income Plan Plus Mutual Fund
Mutual Fund Registrar Asset Management Company
Religare Mutual Fund
3rd Floor, GYS Infinity, Paranjpe B Scheme
Subhash Road, Vile Parle (East)
Mumbai
Tel.-67310000
Karvy Computershare Pvt. Ltd.
21, Avenue 4,
Street No 1, Banjara Hills
Hyderabad
Religare Asset Management Company Ltd.
3rd Floor, GYS Infinity, Paranjpe B Scheme
Subhash Road, Vile Parle (East)
Mumbai - 400057
Tel. - 67310000

Escorts Liquid Growth Plan

The main goal of investing in this scheme is to offer revenue and cash flow compatible with the cautious risk from a collection consisting of debt and money market instruments. This revenue might be balanced by probable capital enhancement. The objective is to optimize yields and at the same time, offer marketability.

Major features of Escorts Liquid Growth Fund
  • Nature - Short Term Debt
  • Kind of Scheme - Open Ended
  • Date of Inception - October 3, 2005
  • Option - Growth
  • As on March 31, 2011, Fund Size in Rs. 31.62 Cr.
  • Face Value (Rs/Unit) - 10
  • Systematic Investment Plan
  • Fund Manager - Surabhi Chaddha.
  • Systematic Withdrawal Plan
  • Systematic Transfer Plan
  • Expense ratio - 0.50%
  • Minimum Investment – Rs.1000
  • Daily NAV Calculation
  • Daily Purchase Redemptions
  • Exit Load – There is no exit load.
  • Entry Load -There is no entry load.
Contact Details of Escorts Liquid Growth Plan
Mutual Fund Registrar Asset Management Company
Escorts Mutual Fund
11, Scindia House
Connaught Circus
New Delhi
Tel.-23351343, 23325177, 23321654
In-House - Escorts
11, Scindia House
Connaught Circus
New Delhi
Escorts Asset Management Ltd.
11, Scindia House
Connaught Place
New Delhi - 110001
Tel. - 23321654, 23351343

ICICI Prudential Right Growth Fund

The RIGHT of ICICI Prudential RIGHT Growth Fund stands for Rewards of Investing and Generation of Healthy Tax Savings. This fund is an equity linked, close-ended savings scheme for a period of ten years which attempts to produce capital increment for an extensive period of time to unit-bearers from a set of investments which has been mostly made in equity and equity-linked securities of big capitalization firms and nascent mid cap companies together with income tax benefit. The investment plans have been designed in line with SEBI Regulations, 1996 for Mutual Funds and regulations and principles for Equity Linked Savings Scheme (ELSS), 2005 and amendments to these principles. Nonetheless, there is no guarantee that the investment goal of the Fund will be met.

Reliance Gold Exchange Traded Fund – Dividend

The goal of investing in this fund is to try to offer returns that strongly match returns offered by rate of gold via investing in material gold and gold linked securities as allowed by Regulatory Authorities every now and then. Nevertheless, the output of the scheme might vary from that of the domestic rates of gold because of expenditure and other associated elements.

Major features of Reliance Gold Exchange Traded Fund - Dividend
  • Nature - Exchange Traded Fund
  • Kind of Scheme - Open Ended
  • Date of Inception - November 21, 2007
  • Option - Growth
  • Face Value (Rs/Unit) - 100
  • Systematic Investment Plan
  • Fund Manager -Hiren Chandaria
  • Systematic Withdrawal Plan
  • Systematic Transfer Plan
  • Portfolio Turnover Ratio – 28%
  • Expense ratio - 1%
  • Minimum Investment – Rs. 5000
  • Daily NAV Calculation
  • Daily Purchase Redemptions
  • Exit Load – There is no exit load.
  • Entry Load - There is no entry load.
Contact details of Reliance Gold Exchange Traded Fund
Mutual Fund Registrar Asset Management Company
Reliance Mutual Fund
11th & 12th Floor, One India Bull Centre, Tower 1
841 Senapati Bapat Marg, Elphinstone Road
Mumbai
Tel: 30301111, 30994600
Karvy Computershare Pvt. Ltd.
21, Avenue 4,
Street No 1, Banjara Hills
Hyderabad
Reliance Capital Asset Management Ltd.
11th & 12th Floor, One India Bull Centre, Tower 1
841 Senapati Bapat Marg, Elphinstone Road
Mumbai - 400013
Tel: 30301111, 30994600

Baroda Pioneer Gilt Fund – Growth

The Baroda Pioneer Gilt Growth Fund scheme is aimed to produce revenue through investment in a group of government securities.

Major features of Baroda Pioneer Gilt Growth Fund
  • Type - Gilt
  • Kind of Scheme - Open Ended
  • Date of Inception - March 21, 2002
  • Option - Growth
  • Face Value (Rs/Unit) - 10
  • Systematic Investment Plan
  • Fund Manager - Hetal Shah, Alok Kumar Sahoo.
  • Systematic Withdrawal Plan
  • Systematic Transfer Plan
  • Expense ratio - 0.07%
  • Minimum Investment – Rs.2000
  • Daily NAV Calculation
  • Daily Purchase Redemptions
  • Exit Load - If the fund is redeemed between 0 months to 12 months, then exit load is 1%
  • Entry Load - There is no entry load.
Contact details of Baroda Pioneer Gilt Growth Fund
Mutual Fund Registrar Asset Management Company
Baroda Pioneer Mutual Fund
501 Titanium, 5th Floor
Western Express Highway, Goregaon (East)
Mumbai
Tel.-30741000
Karvy Computershare Pvt. Ltd.
21, Avenue 4,
Street No 1, Banjara Hills
Hyderabad
Baroda Pioneer Asset Management Company Ltd
501, Titanium 5th Floor
Western Express Highway, Goregaon (East)
Mumbai - 400063
Tel.-4219 7999, 30741000

HDFC Index Fund - Sensex Plus Plan

The HDFC Index Fund Sensex Plus Plan would make investments between 80- 90% of the funds in 30 securities constituting the SENSEX in equal ratio. The rest of the funds will be invested in the securities that are not listed.

Major features of HDFC Index Fund
  • Type - Equity
  • Nature of Scheme - Open Ended
  • Date of Inception - July 17, 2002
  • Option - Growth
  • Face Value (Rs/Unit) - 32.161
  • Systematic Investment Plan
  • Fund Manager - Vinay Kulkarni.
  • Systematic Withdrawal Plan
  • Systematic Transfer Plan
  • Portfolio Turnover Ratio - 58.81%
  • Expense ratio - 1.00%
  • Minimum Investment – Rs. 5000
  • Daily NAV Calculation
  • Daily Purchase Redemptions
  • Exit Load – There is no exit load.
  • Entry Load - There is no entry load.
Contact details of HDFC Index Fund
Mutual Fund Registrar Asset Management Company
HDFC Mutual Fund
Ramon House, 3rd Floor, H.T. Parekh Marg
169, Backbay Reclamation, Churchgate
Mumbai
Tel.-66316333
Computer Age Management Services Pvt. Ltd.
A&B, Lakshmi Bhavan
609, Anna Salai
Chennai
HDFC Asset Management Company Ltd.
Ramon House, 3rd Floor, H.T. Parekh Marg
169, Backbay Reclamation, Churchgate
Mumbai - 400020
Tel: 66316333

ICICI Prudential Mutual Fund

According to Brand Equity “Most Trusted Brands Survey”, ICICI Prudential Mutual Fund achieved the honor of the “Must Trusted Mutual Fund”. ICICI Prudential Asset Management Company is one of the popular asset management service providers in the Indian mutual fund industry. This survey has been performed by AC Nielsen ORG- MARG. The fund will be managed by ICICI Prudential Asset Management Company which is a joint venture of ICICI Bank and Prudential plc.

Last Updated on 12/04/2011