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Indian Mutual Fund Market

A Mutual Fund is a trust that pools the savings of a number of investors who share a common financial goal. The money thus collected is then invested in capital market instruments such as shares, debentures and other securities. The income earned through these investments and the capital appreciation realised are shared by its unit holders in proportion to the number of units owned by them. Thus a Mutual Fund is the most suitable investment for the common man as it offers an opportunity to invest in a diversified, professionally managed basket of securities at a relatively low cost.

The advantages of investing in a Mutual Fund are:

Professional Management
Diversification
Convenient Administration
Return Potential
Return Potential
Low Costs
Liquidity
Transparency
Flexibility
Choice of schemes
Tax benefits
Well regulated

Indian Top Mutual Funds

Reliance Capital

Reliance Capital is a part of the Reliance – Anil Dhirubhai Ambani Group. Reliance Capital is India's fastest growing private sector financial services company, ranking among the top 3 private sector banking and finance companies in India, with a shareholder base of over 1.3 million. Reliance Capital has interests in Asset Management and Mutual Funds, Life and General Insurance, Private Equity and Proprietary Investments, Stock Broking, financial product & services distribution and other financial services and has a net worth of Rs.5,262 crore (as of March 31, 2007)........and know More.

Birla Sun Life Financial Services

Birla Sun Life Financial Services offers a range of financial services for resident Indians and Non Resident Indians. Brought together by two large, powerful and reputed business houses, the Aditya Birla Group and Sun Life Financial , it is our aim to offer diverse and top quality financial services to customers. The Mutual Fund and Insurance companies provide wealth management and protection products to customers while the Distribution and Securities companies provide brokerage and trading services for investment in equities, debt securities, fixed deposits, etc. For details on these companies, click the links below

Prudential ICICI Mutual Fund

Prudential ICICI Asset Management Company, (49%:51%) a joint venture between Prudential Plc, UK's leading insurance company and ICICI Bank Ltd, India's premier financial institution.

The joint venture was formed with the key objective of providing the Indian investor mutual fund products to suit a variety of investment needs. The AMC has already launched a range of products to suit different risk and maturity profiles. Click here to learn more about the products.

Prudential ICICI Asset Management Company Limited has a networth of about Rs. 80.14 crore (1 crore = 10 million) as of March 31, 2004. Both Prudential and ICICI Bank Ltd have a strategic long-term commitment to the rapidly expanding financial services sector in India.

LIC Mutual Fund

Life Insurance Corporation of India set up LIC Mutual Fund on 19th June 1989 and 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 settlor is not responsible for the management of the Trust. The settlor is also not responsible or liable for any loss or shortfall resulting in any of the schemes of LIC Mutual Fund.

Principal Mutual Fund

Principal Mutual Fund is sponsored by Principal Financial Services Inc., USA, a member of Principal Financial Group Inc. USA.

Principal Financial Group entered Indian mutual fund market in September 2000 through a 50:50 joint venture with IDBI. In October 2000, IDBI Principal Mutual Fund pioneered an Asset Allocation Program, which it christened Future Goals — India's first life stage investment plan.

The Future Goals series offered unique features such as Asset Allocation and Automatic Rebalancing and Triggers, which gave investors tremendous flexibility in planning out their investment strategies. This and various other products and services positioned Principal Mutual Fund firmly in the Indian mutual fund market, as reflected by the confidence and trust shown by its 267,686 investors.

In June 2003, Principal Financial Group bought out IDBI’s 50 per cent stake in the joint venture.

http://www.principalindia.com/presentation/view/home.aspx

Kotak Mahindra Mutual Fund (KMMF)

Kotak Mahindra is one of India's leading financial institutions, offering complete financial solutions that encompass every sphere of life. From commercial banking, to stock broking, to mutual funds, to life insurance, to investment banking, the group caters to the financial needs of individuals and corporates.

The group has a net worth of around Rs.2,000 crore and employs around 6,000 employees across its various businesses servicing around one million four hundred thousand customer accounts through a distribution network of branches, franchisees, representative offices and satellite offices across 216 cities and towns in India and offices in New York, London, Dubai and Mauritius.

Kotak Mahindra has international partnerships with Goldman Sachs (one of the world's largest investment banks and brokerage firms) and Old Mutual (a large insurance, banking and asset management conglomerate).

Kotak Mahindra Asset Management Company Limited (KMAMC), a wholly owned subsidiary of KMBL, is the asset manager for Kotak Mahindra Mutual Fund (KMMF). KMAMC started operations in December 1998 and has close to 3,16,237 investors in various schemes. KMMF offers schemes catering to investors with varying risk - return profiles and was the first fund house in the country to launch a dedicated gilt scheme investing only in government securities.

http://www.kotakmutual.com/

SBI Mutual Fund

SBI Mutual Fund draws strength from India's premier and largest bank; the State Bank of India. Set up on July 1, 1955, the State Bank of India is the largest banking operation in the country.

Through years of commitment to service and national development, SBI has grown into an instrument of social change. Today, it has 9,039 branches in India (excluding 4599 branches of banking subsidiaries) and 54 offices in 28 countries spread over all time zones.

SBI entered into a Memorandum of Understanding with Société Générale Asset Management (SGAM), which offers retail investors, corporate clients and institutional investors a wide range of investment products. SGAM is a dominant player in Global Mutual Fund arena with presence in over 20 countries spanning Europe, United Sates, and Asia, managing over 250 billion Euros in assets

http://www.sbimf.com/

Websites of Mutual funds :

The Association of Mutual Funds in India (AMFI)

ABN AMRO Asset Management (India) Limited

Benchmark Funds

Birla Sunlife

BOB Mutual funds

Computer Age Management Services Pvt. Ltd

Canara Bank Mutual Funds

Cholamandalam AMC Limited

Deutsche Asset Management (DeAM)

DSP Merrill Lynch Fund Managers Ltd

Escorts Mutual funds

Fidelity

Franklin Templeton Investments

HDFC Mutual funds

HSBC Mutual funds

Investment company Institute (ICI)

ING Vysya Mutual Fund

JM Financial Mutual funds

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