3 biggest mutual fund houses in India
Number 1
SBI mutual fund is India’s largest mutual fund house with AUM (asset under management) of 8.3 lacs Crores.
32 years old, running 118 mutual fund schemes.
Number 2
ICICI pru mutual funds with an AUM of 6.17 lac crores. 30 years old, then run 250 schemes almost 2 times than SBI
Number 3
HDFC Mutual fund 5.36 lac crores
24 years old
Runs 124 schemes
Many people blindly invest in mutual funds that have larger AUM.
While there is no strict correlation between the size of a mutual fund and its returns.
So be careful before you blindly invest in mutual funds.
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