Top 10 Mutual Funds from Large AMCs – Should you invest?

Top 10 Mutual Funds from Large AMCs - Should you invest-minTop 10 Mutual Funds from Large AMCs – Should you invest?


Mutual funds provide good returns to investors in long term. However picking up right mutual fund is a key for the success. Investors are pumping into mutual fund schemes of AMC’s which are large in size and which are performing better. While there are 39 Asset Management Companies (AMCs) in India, 80% of the mutual fund investments go into 10 Large AMC company mutual fund schemes. Which are the top 10 mutual funds under these Large AMCs? Should you invest in these top 10 mutual funds? I would provide our view about these mutual funds from large AMC’s.

Also Read: Best Tax Saving ELSS Mutual Funds to invest and save tax u/s 80C

Which are the Mutual Fund AMC’s that are operating in India?


There are total of 39 Mutual Fund AMC’s which are operating in India. As of Dec-2016, there are Rs 16.91 Lakhs of Crores invested through these 39 Mutual Fund AMC’s spanning across thousands of Mutual fund Schemes.

Which are the Top 10 Large Mutual Fund AMC’s in India?


As of Dec-2016 quarter, below are the top 10 large mutual fund AMCs based on asset size (Asset size = investments into the schemes maintained by these AMCs).

  1. ICICI Prudential Mutual Fund AMC – Asset size Rs 2.27 Lakh Crores
  2. HDFC Mutual Fund AMC – Asset size Rs 2.21 Lakh Crores
  3. Reliance Mutual Fund AMC – Asset size Rs 1.95 Lakh Crores
  4. Birla SL Mutual Fund AMC – Asset size Rs 1.8 Lakh Crores
  5. SBI Mutual Fund AMC – Asset size Rs 1.4 Lakh Crores
  6. UTI Mutual Fund AMC – Asset size Rs 1.29 Lakh Crores
  7. Kotak Mutual Fund AMC – Asset size Rs 0.82 Lakh Crores
  8. Franklin India Mutual Fund AMC – Asset size Rs 0.75 Lakh Crores
  9. DSP BR Mutual Fund AMC – Asset size Rs 0.58 Lakh Crores
  10. IDFC Mutual Fund AMC – Asset size Rs 0.58 Lakh Crores

Top 10 Mutual Funds from Large AMCs – How I picked up the list?


These top 10 mutual funds has been picked based on below parameters

  1. Mutual fund schemes which are part of above 10 large AMC’s has been considered.
  2. Mutual fund schemes that have performed well in last 10 years from these large AMC’s have been filtered.
  3. Mutual fund schemes with 5 Star and 4 Star are only considered.
  4. All equity funds excluding sector funds have been considered.

Top 10 Mutual Funds from Large AMCs – Should you invest?


Top#1 – ICICI Value Discovery Mutual Fund


This is a diversified mutual fund scheme in India.

This mutual fund scheme gave 18% annualized returns in the last 10 years.

This mutual fund scheme gave 22% annualized returns in the last 5 years.

Our View: Its rated by Value Research Online as 5 Star. This is one of the good diversified / multicap mutual funds to invest. Alternatively one can invest in Franklin India High growth fund or Kotak Select Focus fund.

Top#2 – Franklin India Smaller Cos Fund


This is one of my all time favorite small cap mutual fund scheme which invests in smaller companies which has potential to grow.

This mutual fund scheme gave 17% annualized returns in the last 10 years.

This mutual fund scheme gave 30% annualized returns in the last 5 years.

Our View: This is one of the best smallcap mutual funds to invest. VRO rated this fund as 4 Star.

Top#3 – UTI Mid Cap Fund


This mutual fund invests in midcap companies in India.

This mutual fund scheme gave 17% annualized returns in the last 10 years.

This mutual fund scheme gave 26% annualized returns in the last 5 years.

Our View: This is one of the good mid-cap mutual funds to invest which is rated by Value Research as 4 Star. Alternatively one can invest in Franklin India Prima Fund.

Top#4 – Franklin India Prima Fund


This mutual fund invests in midcap companies in India.

This mutual fund scheme gave 16% annualized returns in the last 10 years.

This mutual fund scheme gave 26% annualized returns in the last 5 years.

Our View: This is one of the good mid-cap mutual funds to invest which is rated as 4-Star by Value Research Online.

Top#5 – DSP BR Tax Saver Mutual Fund


This mutual fund invests upto 65% in equity and balance in debt instruments. It is basically a tax saving ELSS mutual fund scheme.

This mutual fund scheme gave 15% annualized returns in the last 10 years.

This mutual fund scheme gave 21% annualized returns in the last 5 years.

Our View: This is one of the top ELSS / tax saving mutual fund to invest which is rated as 5 Star by VRO. If you are looking for tax saving u/s 80C, you can invest in such good schemes.

Top#5 – Franklin India Tax Shield Fund


Even this mutual fund invests upto 65% in equity and balance in debt instruments. It is basically a tax saving ELSS mutual fund scheme.

This mutual fund scheme gave 15% annualized returns in the last 10 years.

This mutual fund scheme gave 18% annualized returns in the last 5 years.

Our View: This is one of the good ELSS / tax saving mutual fund to invest rated as 4 Star by VRO. If you are looking for tax saving u/s 80C, you can add this to your investments.

Also Read: Top Performing Diversified Mutual Funds to invest

Top#7 – Reliance Tax Saver Mutual Fund


Even this mutual fund invests upto 65% in equity and balance in debt instruments. It is also ELSS tax saving mutual fund scheme.

This mutual fund scheme gave 15% annualized returns in the last 10 years.

This mutual fund scheme gave 21% annualized returns in the last 5 years.

Our View: This is one of the good ELSS / tax saving mutual fund to invest rated as 4 Star by VRO. If you are looking for tax saving u/s 80C, you can invest in such schemes.

Top#8 – Franklin India Prima Plus Fund


It is a multi cap / diversified mutual fund scheme.

This mutual fund scheme gave 14% annualized returns in the last 10 years.

This mutual fund scheme gave 19% annualized returns in the last 5 years.

Our View: Another good diversified mutual fund to invest.

Top#9 – ICICI Pru Long Term Equity Fund


This mutual fund invests upto 65% in equity and balance in debt instruments. It is basically a tax saving ELSS mutual fund scheme.

This mutual fund scheme gave 14% annualized returns in the last 10 years.

This mutual fund scheme gave 19% annualized returns in the last 5 years.

Our View: This is one of the good ELSS / tax saving mutual fund to invest. If you are looking for tax saving u/s 80C, you can invest in such schemes.

Top#10 – Birla SL Frontline Equity Fund


This mutual fund scheme invests in large cap companies in India.

This mutual fund scheme gave 14% annualized returns in the last 10 years.

This mutual fund scheme gave 18% annualized returns in the last 5 years.

Our View: One of my favorite large cap mutual funds to invest which his rated as 5 Star by Value Research Online. This fund has been consistent performer in medium to long run.

Also Read: Buy Right Sit Tight Mutual Fund Schemes – How good are these schemes?

List of Top 10 Mutual Funds from Large AMCs


List of Top 10 Mutual Funds from Large AMCs in India in 2017-min

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Suresh

Top 10 Mutual Funds from Large AMCs – Should you invest

12 comments

  • NADEEM AIJAZ

    Suresh Sir , 
    Whats your opinion of SIP in L&T Emerging Business Fund. The portfolio of this fund seems to give high returns but on high risks. What do you suggest? 

  • Vikas

    Hi Sureshji,

    I am been following you for last couple of years and a big fan of yours. I wanted your advice.

    I have been investing in ICICI Discovery fund since 2013 and have bee a bit surprised about its returns in the last one year. WHile any good Diversified fund has given an XIRR of 18-20% this fund has dissapointed me in last 1 year. The returns are quite bad and hardly 8.9% in the last 1 year. My problem is that almost 35% of my SIP/STP goes in this fund and I am quite worried since amount is large. On deep dive I found that Pharma & IT has a high concentration in this fund hence the returns are bad. I have the following questions for you.

    1. Should I stop my SIP/STP in this fund for the time being

    2. Should I reduce my invesmment and do not stop  and move to some other fund, a better Diversified fund.

    Thank you Sir.

    Vikram

    • This fund is underperformer. However some funds would be like that due to its investment strategy. You can wait for some more period. Alternatively you can exit and invest in better funds

  • VASUDEV D RAJ

    want to invest in mirae emerging blue chip fund and dsp black rock micro cap fnd through sip. your advise please.

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