Top 5 Mutual Fund Companies in India in 2025: Powerhouses of Wealth Creation

India’s mutual fund industry is thriving, with Assets Under Management (AUM) soaring past ₹68 lakh crore by early 2025, fueled by growing investor confidence and market opportunities. Leading this charge are the top mutual fund companies, managing vast portfolios and delivering impressive returns. In this blog, we explore the top 5 mutual fund companies in India in 2025, detailing their names, establishment dates, sponsors, market caps, share prices, AUM, fund managers, famous funds, folio holders, expense ratios, services, achievements, branches, employees, apps, and websites. Plus, we’ve included a comparison table to guide your investment decisions. Ready to uncover India’s mutual fund giants? Let’s dive in!

1. SBI Mutual Fund

Name of Company: SBI Funds Management Ltd.

Date of Establishing: June 29, 1987

Sponsor / Man Behind the Group: State Bank of India (SBI), India’s largest public-sector bank.

Market Cap: Not listed (subsidiary of SBI, whose market cap is ~₹7.5 lakh crore in Feb 2025).

Share Price if Listed: Not applicable (unlisted).

Total AUM Handled: ₹10.95 lakh crore (as of Dec 2024, projected to grow in 2025).

Major Fund Managers: R. Srinivasan (Head – Equity), Rajeev Radhakrishnan (Head – Fixed Income)

Famous Funds: SBI Bluechip Fund (₹51,647 Cr AUM), SBI Small Cap Fund (₹33,069 Cr AUM)

Total Number of Folio Holders: ~2 crore (estimated based on leadership position).

Expense Ratio in %: SBI Bluechip Fund: 1.52% (regular plan, as of 2024), SBI Small Cap Fund: 1.58%

Major Services / Achievements: Largest AMC by AUM since 2023, leveraging SBI’s vast network, Offers 50+ schemes across equity, debt, and hybrid categories, known for consistent performance and rural penetration.

Total Number of Branches: 200+ (plus SBI’s 22,000+ branches).

Total Number of Employees: ~1,500 (estimated, leveraging SBI workforce).

Name of Mobile App / Software for Investment: SBI MF Invess Tap

Website: sbimf.com

SBI Mutual Fund’s scale and reach make it India’s undisputed leader in 2025.

2. ICICI Prudential Mutual Fund

Name of Company: ICICI Prudential Asset Management Co. Ltd.

Date of Establishing: October 13, 1993

Sponsor / Man Behind the Group: ICICI Bank and Prudential Plc (UK joint venture).

Market Cap: Not listed (subsidiary of ICICI Bank, market cap ~₹8.5 lakh crore in Feb 2025).

Share Price if Listed: Not applicable (unlisted).

Total AUM Handled: ₹8.58 lakh crore (as of Dec 2024, projected to rise).

Major Fund Managers: Sankaran Naren (CIO), Rahul Goswami (Fixed Income Head)

Famous Funds: ICICI Prudential Bluechip Fund (₹66,925 Cr AUM), ICICI Prudential Value Discovery Fund (₹51,854 Cr AUM)

Total Number of Folio Holders: ~1.8 crore (estimated from growth trends).

Expense Ratio in %: ICICI Pru Bluechip Fund: 1.47% (regular plan), ICICI Pru Value Discovery Fund: 1.55% (regular plan).

Major Services / Achievements: Second-largest AMC, excelling in equity fund performance, Pioneered hybrid funds and disciplined investing, Multiple awards for innovation and returns.

Total Number of Branches: 150+ (plus ICICI Bank’s network).

Total Number of Employees: ~1,200 (estimated).

Name of Mobile App / Software for Investment: ICICI Pru MF

Website: icicipruamc.com

ICICI Prudential’s equity expertise and global backing shine in 2025.

3. HDFC Mutual Fund

Name of Company: HDFC Asset Management Co. Ltd.

Date of Establishing: December 10, 1999

Sponsor / Man Behind the Group: HDFC Bank (post-merger with HDFC Ltd. in 2023).

Market Cap: ₹1.38 lakh crore (as of Feb 2025, listed entity).

Share Price if Listed: ₹4,200 (indicative, based on BSE trends).

Total AUM Handled: ₹7.48 lakh crore (as of Dec 2024, projected growth).

Major Fund Managers: Navneet Munot (MD & CEO), Chirag Setalvad (Equity Head)

Famous Funds: HDFC Top 100 Fund (₹39,138 Cr AUM), HDFC Mid-Cap Opportunities Fund (₹77,682 Cr AUM)

Total Number of Folio Holders: ~1.5 crore (estimated).

Expense Ratio in %: HDFC Top 100 Fund: 1.61% (regular plan), HDFC Mid-Cap Opportunities Fund: 1.39% (regular plan).

Major Services / Achievements: Most profitable AMC until 2022; strong mid-cap and large-cap funds, Known for consistent 15%+ returns under past CIO Prashant Jain, Publicly listed since 2018, a rare feat.

Total Number of Branches: 240+ (plus HDFC Bank’s network).

Total Number of Employees: ~1,300 (estimated).

Name of Mobile App / Software for Investment: HDFC MFOnline

Website: hdfcfund.com

HDFC MF’s profitability and fund performance keep it a top contender.

4. Nippon India Mutual Fund

Name of Company: Nippon Life India Asset Management Ltd.

Date of Establishing: February 24, 1995 (as Reliance MF, rebranded 2019).

Sponsor / Man Behind the Group: Nippon Life Insurance (Japan, 75% stake).

Market Cap: ₹56,000 crore (as of Feb 2025, listed entity).

Share Price if Listed: ₹700 (indicative, based on BSE trends).

Total AUM Handled: ₹5.55 lakh crore (as of Dec 2024, projected to grow).

Major Fund Managers: Sailesh Raj Bhan (CIO – Equity), Ashwani Kumar (Equity Veteran)

Famous Funds: Nippon India Small Cap Fund (₹62,259 Cr AUM), Nippon India Growth Fund (₹33,295 Cr AUM)

Total Number of Folio Holders: ~1.3 crore (estimated).

Expense Ratio in %: Nippon India Small Cap Fund: 1.42% (regular plan), Nippon India Growth Fund: 1.60% (regular plan).

Major Services / Achievements: Small-cap fund leader with 20%+ CAGR returns, Offers 60+ schemes; strong SIP penetration in smaller cities, Successful rebranding post-Nippon acquisition.

Total Number of Branches: 300+ (extensive rural reach).

Total Number of Employees: ~1,600 (estimated).

Name of Mobile App / Software for Investment: Nippon India MF

Website: mf.nipponindiaim.com

Nippon India’s small-cap prowess sets it apart in 2025.

5. Aditya Birla Sun Life Mutual Fund

Name of Company: Aditya Birla Sun Life AMC Ltd.

Date of Establishing: September 5, 1994

Sponsor / Man Behind the Group: Aditya Birla Group and Sun Life Financial (Canada joint venture).

Market Cap: ₹23,000 crore (as of Feb 2025, listed entity).

Share Price if Listed: ₹800 (indicative, based on BSE trends).

Total AUM Handled: ₹4.09 lakh crore (as of Dec 2024, projected growth).

Major Fund Managers: Mahesh Patil (CIO – Equity), Lovelish Navlakha (Debt Head)

Famous Funds: Aditya Birla SL Frontline Equity Fund (₹33,895 Cr AUM), Aditya Birla SL Digital India Fund (₹5,395 Cr AUM)

Total Number of Folio Holders: ~1 crore (estimated).

Expense Ratio in %: Aditya Birla SL Frontline Equity Fund: 1.65% (regular plan), Aditya Birla SL Digital India Fund: 1.85% (regular plan).

Major Services / Achievements: Leader in thematic funds (e.g., Digital India Fund with 25%+ CAGR). Offers 70+ schemes across equity and debt, Listed since 2021, backed by Aditya Birla’s legacy.

Total Number of Branches: 135+ (plus group network).

Total Number of Employees: ~1,100 (estimated).

Name of Mobile App / Software for Investment: Aditya Birla Sun Life MF

Website: mutualfund.adityabirlacapital.com

Aditya Birla Sun Life thrives with innovative funds and strong branding.

Also Read: Top 5 Mutual Fund Managers in India: Masters of Wealth Creation in 2025

Comparison Table: Top 5 Mutual Fund Companies in India (2025)

Criteria	SBI MF	ICICI Pru MF	HDFC MF	Nippon India MF	Aditya Birla SL MF
Name of Company	SBI Funds Management	ICICI Prudential AMC	HDFC AMC	Nippon Life India AMC	Aditya Birla Sun Life AMC
Date of Establishing	Jun 29, 1987	Oct 13, 1993	Dec 10, 1999	Feb 24, 1995	Sep 5, 1994
Sponsor	State Bank of India	ICICI Bank & Prudential	HDFC Bank	Nippon Life Insurance	Aditya Birla & Sun Life
Market Cap	Unlisted (~SBI ₹7.5L Cr)	Unlisted (~ICICI ₹8.5L Cr)	₹1.38L Cr	₹56,000 Cr	₹23,000 Cr
Share Price if Listed	N/A	N/A	₹4,200	₹700	₹800
Total AUM Handled	₹10.95L Cr	₹8.58L Cr	₹7.48L Cr	₹5.55L Cr	₹4.09L Cr
Major Fund Managers	R. Srinivasan	Sankaran Naren	Navneet Munot	Sailesh Raj Bhan	Mahesh Patil
Famous Funds	SBI Bluechip Fund	ICICI Pru Bluechip Fund	HDFC Top 100 Fund	Nippon India Small Cap	ABSL Frontline Equity
Total Folio Holders	~2 Cr	~1.8 Cr	~1.5 Cr	~1.3 Cr	~1 Cr
Expense Ratio (%)	1.52% (Bluechip)	1.47% (Bluechip)	1.61% (Top 100)	1.42% (Small Cap)	1.65% (Frontline)
Major Services	Largest AUM, rural reach	Equity excellence	Profitable, mid-cap	Small-cap leader	Thematic funds
Total Branches	200+	150+	240+	300+	135+
Total Employees	~1,500	~1,200	~1,300	~1,600	~1,100
Mobile App	SBI MF Invess Tap	ICICI Pru MF	HDFC MFOnline	Nippon India MF	ABSL MF
Website	sbimf.com	icicipruamc.com	hdfcfund.com	mf.nipponindiaim.com	mutualfund.adityabirlacapital.com

Why These Companies Dominate in 2025

These top 5 mutual fund companies—SBI, ICICI Prudential, HDFC, Nippon India, and Aditya Birla Sun Life—control over 60% of India’s mutual fund AUM, driven by:

Scale: SBI’s ₹10.95 lakh crore AUM reflects unmatched reach.

Performance: ICICI and HDFC deliver 15-20% returns in equity funds.

Specialization: Nippon excels in small caps, Aditya Birla in thematic funds.

Trust: Backed by banking giants or global insurers, they inspire confidence.

Choosing Your Mutual Fund Company

For Scale: SBI MF offers vast accessibility.

For Equity: ICICI Pru and HDFC lead in large-cap funds.

For Small Caps: Nippon India is unbeatable.

For Thematic Investing: Aditya Birla Sun Life shines.

Cost-Conscious: Look at expense ratios (e.g., Nippon’s 1.42% vs. ABSL’s 1.85%).

Visit their websites or apps to explore funds and start investing.

Conclusion

The top 5 mutual fund companies in India in 2025—SBI Mutual Fund, ICICI Prudential, HDFC, Nippon India, and Aditya Birla Sun Life—are the backbone of India’s wealth-building ecosystem. With massive AUM, top-tier managers, and diverse funds, they cater to every investor’s needs. Ready to grow your money? Pick a fund from these leaders and secure your financial future today!