Top Mutual Funds Companies in India

Mutual Funds are every where these days with lot of companies coming into domain of Mutual funds investing. There is already cutthroat competition in mutual funds companies. With following major companies (among the top MF companies of Indian) but do remember that mutual fund investing is based on Stock Markets.

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State Bank of India Mutual Fund(one of the safest) - State Bank of India Mutual Fund is the first Bank sponsored Mutual Fund to launch offshor fund, the India Magnum Fund with a corpus of Rs. 225 cr. approximately. Today it is the largest Bank sponsored Mutual Fund in India.

ABN AMRO Mutual Fund - The AMC, ABN AMRO Asset Management (India) Ltd. was incorporated on November 4, 2003. Deutsche Bank A G is the custodian of ABN AMRO Mutual Fund.

Birla Sun Life Mutual Fund - Birla Sun Life Mutual Fund is the joint venture of Aditya Birla Group and Sun Life Financial.

BOB Mutual Fund - Bank of Baroda Mutual Fund or BOB Mutual Fund was setup on October 30, 1992 under the sponsorship of Bank of Baroda.

LIC Mutual Fund(Safest of all) - Life Insurance Corporation of India set up LIC Mutual. The Trustees of LIC Mutual Fund have appointed Jeevan Bima Sahayog Asset Management Company Ltd as the Investment Managers for LIC Mutual Fund.

HDFC Mutual Fund - HDFC Mutual Fund was setup on June 30, 2000 with two sponsorers nemely Housing Development Finance Corporation Limited and Standard Life Investments Limited.

HSBC Mutual Fund(Hongkong Shanghai banking Corporation) - HSBC Securities and Capital Markets (India) Private Limited as the sponsor. Board of Trustees, HSBC Mutual Fund acts as the Trustee Company of HSBC Mutual Fund.

ING Vysya Mutual Fund - ING Vysya Mutual Fund was setup on February 11, 1999 with the same named Trustee Company. It is a joint venture of Vysya and ING. The AMC, ING Investment Management (India) Pvt. Ltd. was incorporated on April 6, 1998.

Prudential ICICI Mutual Fund - The Trustee Company formed is Prudential ICICI Trust Ltd. and the AMC is Prudential ICICI Asset Management Company Limited incorporated on 22nd of June, 1993.

Sahara Mutual Fund - Sahara Asset Management Company Private Limited incorporated on August 31, 1995 works as the AMC of Sahara Mutual Fund. The paid-up capital of the AMC stands at Rs 25.8 crore.

Tata Mutual Fund - Tata Mutual Fund (TMF) is a Trust under the Indian Trust Act, 1882. The sponsorers for Tata Mutual Fund are Tata Sons Ltd., and Tata Investment Corporation Ltd.

Kotak Mahindra Mutual Fund - Kotak Mahindra Asset Management Company (KMAMC) is a subsidiary of KMBL. It is presently having more than 1,99,818 investors in its various schemes. KMAMC started its operations in December 1998.

Unit Trust of India Mutual Fund - UTI Asset Management Company Private Limited, established in Jan 14, 2003, manages the UTI Mutual Fund with the support of UTI Trustee Company Privete Limited. The schemes of UTI Mutual Fund are Liquid Funds, Income Funds, Asset Management Funds, Index Funds, Equity Funds and Balance Funds.

Reliance Mutual Fund - Reliance Mutual Fund (RMF) was established as trust under Indian Trusts Act, 1882. Reliance Mutual Fund was formed for launching of various schemes under which units are issued to the Public with a view to contribute to the capital market and to provide investors the opportunities to make investments in diversified securities.

Standard Chartered Mutual Fund- Standard Chartered Mutual Fund was set up on March 13, 2000 sponsored by Standard Chartered Bank.

Franklin Templeton India Mutual Fund - The group, Frnaklin Templeton Investments is a California (USA) based company with a global AUM of US$ 409.2 bn. (as of April 30, 2005). It is one of the largest financial services groups in the world.

Morgan Stanley Mutual Fund India - Morgan Stanley is a worldwide financial services company and its leading in the market in securities, investmenty management and credit services.

Alliance Capital Mutual Fund - Alliance Capital Mutual Fund was setup on December 30, 1994 with Alliance Capital Management Corp. of Delaware (USA) as sponsorer.

Benchmark Mutual Fund - Benchmark Mutual Fund was setup on June 12, 2001 with Niche Financial Services Pvt. Ltd. as the sponsorer and Benchmark Trustee Company Pvt.

Canbank Mutual Fund
Canbank Mutual Fund was setup on December 19, 1987 with Canara Bank acting as the sponsor. Canbank Investment Management Services Ltd.

Chola Mutual Fund
Chola Mutual Fund under the sponsorship of Cholamandalam Investment & Finance Company Ltd. was setup on January 3, 1997.

GIC Mutual Fund(also safe option) - GIC Mutual Fund, sponsored by General Insurance Corporation of India (GIC), a Government of India undertaking and the four Public Sector General Insurance Companies, viz. National Insurance Co. Ltd (NIC)

NSE's NIFTY ends in green today

(posted under - NSE closing, NIFTY closing)- National Stock Exchange's 50 share NIFTY closed up today after gaining some momentum from other Asian markets, Nifty opened in red today but gained as the day progressed.

Nifty ended today at 5135.50, up 25 points. The 50 share index touched a low of 5091.60 and high of 5147.90.

BSE SENSEX closes in green - 4/6/2010

BSE's 30 share benchmark index SENSEX closed up by 95 points as positive cues from global markets and investors poured in off late. Market breadth was negative on the BSE with 627 gainers against 664 declines.

Sensex closed at 17117.69, up 95.36 points or 0.56 per cent. The 30-share index hit a low of 16963.92 and high of 17150.42.

BSE Midcap Index was up 0.21 per cent and BSE Smallcap Index moved 0.15 per cent higher.

Amongst the sectoral indices, BSE FMCG Index gained 1.69 per cent and BSE IT Index advanced 0.93 per cent. BSE Metal Index slipped 0.24 per cent and BSE Power Index declined 0.19 per cent.

weak global cues bring bears at SENSEX - closes down

Bombay Stock Exchange’s Sensex ended at 16572.03, down 372.60 points or 2.20 per cent. The index touched a low of 16318.39 and high of 16942.82 in today’s trade.

National Stock Exchange’s Nifty closed at 4970.20, down 116.10 points or 2.28 per cent. The broader index hit intraday low of 4961.05 and high of 5086.95.

BSE Midcap Index was down 1.33 per cent and BSE Smallcap Index moved 0.99 per cent lower.

All the sectoral indices ended in the red. BSE Metal Index fell 3.86 per cent, BSE Realty Index slipped 2.95 per cent and BSE Oil&gas Index declined 2.53 per cent.

Positive Europe opening boosts SENSEX at closing hours

(posted under BSE closing) - Sensex closed at provisional 16,938.03, advancing 74.97 points or 0.44 per cent from Friday’s close. The Bombay Stock Exchange’s 30-share index charted a high of 16,971.15 versus a low of 16,806.50 intraday.

Nifty ended the day at provisional 5088.80, gaining 22.25 points or 0.44 per cent. The National Stock Exchange benchmark saw a high of 5097.60 against a low of 5038.55.

PSU, auto and healthcare stocks did well in this choppy market, while realty, IT, capital goods proved laggards.

The top index gainers included M&M, ONGC, BHEL, Hero Honda, SBI, Wipro, RIL, Tata Motors, Bharti Airtel.

SENSEX | NIFTY closes in green today

(posted under - SENSEX closing) - Atlast indian stock indices closes in green after a long time, and the bulls are smiling again!!

Bombay Stock Exchange’s Sensex closed at 16372.08, up 349.60 points or 2.18 per cent. The index touched a high of 16410.35 and low of 16069.78.

BSE Midcap Index was up 1.48 per cent and BSE Smallcap Index moved 1.69 per cent higher.

Amongst the sectoral indices, BSE Realty Index gained 2.98 per cent, BSE IT Index advanced 2.91 per cent and BSE Metal Index moved 2.89 per cent higher.

National Stock Exchange’s Nifty ended at 4912.25, up 105.5 points or 2.19 per cent. The broader index hit a low of 4807.30 and high of 4925.45 in trade so far.