How many AMFI registered fund houses are there in India?

They make investments more accessible and transparent to attract more people. Hence, every fund house, advisers, trustees and agents (intermediaries) must register with AMFI, which you can find on the government website. It currently has 44 members, which includes 42 SEBI-registered Asset Management Companies.

How many mutual fund houses are there in India?

There are 44 asset management companies (AMCs) or mutual fund houses operating in India.

How many funds are there in India?

Mutual funds are an under-tapped market in India

There are 46 Mutual Funds as of June 2013.

What are the 3 types of mutual funds?

Different Types of Mutual Funds

  • Equity or growth schemes. These are one of the most popular mutual fund schemes. …
  • Money market funds or liquid funds: …
  • Fixed income or debt mutual funds: …
  • Balanced funds: …
  • Hybrid / Monthly Income Plans (MIP): …
  • Gilt funds:

Which is India’s largest asset management company?

The top 10 AMCs in India are:

  • SBI Mutual Fund.
  • HDFC Mutual Fund.
  • ICICI Prudential Mutual Fund.
  • Reliance Mutual Fund.
  • Aditya Birla Sun Life Mutual Fund.
  • DSP BlackRock Mutual Fund.
  • Kotak Mutual Fund.
  • Tata Mutual Fund.
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Which company is best for mutual fund in India?

Best Mutual Fund Companies in India

  • HDFC Mutual Fund.
  • DSP BlackRock Mutual Fund.
  • Aditya Birla Sun Life Mutual Fund.
  • Kotak Mutual Fund.
  • L&T Mutual Fund.
  • Tata Mutual Fund.
  • Reliance Mutual Fund.
  • Principal Mutual Fund.

Who has the most assets under management?

World’s Top Asset Management Firms

Rank Company Total AUM, US$b
1 BlackRock 9,010
2 Vanguard Group 7,500
3 UBS Group * 4,229
4 Fidelity Investments 3,900

What is the Blue Chip Fund?

Blue chip funds are equity mutual funds that invest in stocks of companies with large market capitalisation. These are well-established companies with a track record of performance over some time. … Blue Chip is commonly used as a synonym for large cap funds.

Who holds Contingency Fund of India?

Accordingly, Parliament enacted the contingency fund of India Act 1950. The fund is held by the Finance Secretary (Department of Economic Affairs) on behalf of the President of India and it can be operated by executive action.

Who get salary from Consolidated Fund of India?

Emoluments and allowances of the President and other expenditure relating to his office. Salaries and allowances of the Chairman and the Deputy Chairman of the Rajya Sabha and the Speaker and the Deputy Speaker of the Lok Sabha. Salaries, allowances and pensions of the judges of the Supreme Court.

Which SIP is best for 1 year?

Best SIP Plans for the Year 2021

Fund Name Monthly Investment 1 Year Returns
ICICI Prudential Bluechip Fund 5000 12.02%
Kotak Standard Multicap Fund 5000 18.19%
Motilal Oswal Focused 25 Fund 5000 26.57%
Nippon India large Cap Fund 5000 11.07%
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Is SIP tax free?

SIPs can be one of the best tax saving instrument with high returns on your investments. You can claim a deduction of up to Rs. 1.5 lakh from your taxable income for investing in ELSS through SIPs under Section 80(C) of The Income Tax Act, 1961. With highest tax slab of 30%, you can save up to Rs.

Which mutual fund has highest Aum?

Fund House

Scheme Name Current NAV Scheme AUM ₹ Cr.
SBI – ETF Nifty 50 0.00 46,140.53
Kotak Standard Multicap Fund – Growth 0.00 16,772.08
HDFC Mid-Cap Opportunities Fund – Growth 0.00 16,651.65
SBI – ETF Sensex 0.00 14,774.84