Mutual fund is a professional-managed type of joint investment scheme that brings together the money of a number of investors to purchase short-term money, bonds and stocks. Mutual funds are the best alternatives to stocks if the investor wishes to get higher returns with comparatively lesser risk.

The mutual funds are offered by many equity related companies, banks and financial institutions in India and many people prefer mutual fund as the significant source of investment in both corporate and government securities. The list of top players in the mutual sector in India is given below:

List of top companies in mutual fund sector:

• ABN Amro Mutual Fund

• Birla Sun Life Mutual Fund

• Bank of Baroda Mutual Fund

• HDFC Mutual Fund

• HSBC Mutual Fund

• ING Vysya Mutual Fund

• Prudential ICICI Mutual Fund

Some of the details regarding these top players in the mutual fund sector in India are given below:

ABN Amro Mutual Fund:

ABN Amro Mutual Fund came into existence in the year 2004 on the 15th of April and this company was established as trustee company with ABN AMRO Trustee India Private Limited. Deutsche Bank is the custodian of this company and they have great experience in handling the funds of different types of investors. ABN Amro mutual fund is popular among investors since they offer simple ways to improve the money of the investors.

Birla Sun Life Mutual Fund:

Birla Sun Life Mutual Fund came into existence as a joint venture between Sun Life Financial and Aditya Birla Group. This company follows a conservative long-term approach for investment of the money of their precious customers and they offer a wide range of schemes like gift certificates, readicheque, investment plans, offshore schemes, balanced schemes and debt schemes.

Bank of Baroda Mutual Fund:

Bank of Baroda Mutual Fund is shortly called as BOB Mutual Fund and this company came into existence in the year 1992 with the financial support offered by the Bank of Baroda. Some of the products offered by BOB mutual fund are BOB children fund, BOB NRI Fund, BOB MIP Fund, GILT Fund – PF Plan, BOB Growth Fund, BOB Balance Fund, BOB Income Fund STP, etc…

HDFC Mutual Fund:

HDFC Mutual Fund came into existence in the year 2000 with the help of financial support offered by Standard Life Investments limited and Housing Development Finance Corporation. Some of the products offered by them are debt funds, balance funds and equity funds.

HSBC Mutual Fund:

HSBC Mutual Fund came into existence in the year 2002 on the 27th of May with the sponsorship of HSBC Securities and Capital Markets (India) Private Limited. Some of the products offered by them with respect to mutual funds are floating rate fund, MIP, India opportunities fund, income fund, gilt fund, cash fund and equity fund.

ING Vysya Mutual Fund:

ING Vysya Mutual Fund came into existence in the year 1999 with its trustee company being ING Vysya Bank. Their corporate office is located in the city of Mumbai and they have a wide range of customer-base ranging from individuals to big corporate houses.

Prudential ICICI Mutual Fund:

Prudential ICICI Mutual Fund came into existence in the year 1993 on the 13th of October and this company is run by the ICICI bank in joint venture with the Prudential Plc. Of America, this is one of the leading insurance companies operating in the United States.

Apart from these top mutual fund companies, several other companies like Sahara Mutual Fund, State Bank of India Mutual Fund and Tata Mutual Fund are also operating in India and all these companies offer the best service of protecting the hard-earned money of the investors and helping them in earning some money for their future.