As of January 19, 2025, there are 49 registered mutual fund houses in India, according to the Securities and Exchange Board of India (SEBI):
1. 360 ONE Mutual Fund
2. Aditya Birla Sun Life Mutual Fund
3. Axis Mutual Fund
4. Bajaj Finserv Mutual Fund
5. Bandhan Mutual Fund
6. Bank of India Mutual Fund
7. Baroda BNP Paribas Mutual Fund
8. Canara Robeco Mutual Fund
9. DSP Mutual Fund
10. Edelweiss Mutual Fund
11. Franklin Templeton Mutual Fund
12. Groww Mutual Fund
13. HDFC Mutual Fund
14. Helios Mutual Fund
15. HSBC Mutual Fund
16. ICICI Prudential Mutual Fund
17. IDBI Mutual Fund
18. IDFC Mutual Fund
19. IIFL Mutual Fund
20. IL&FS Mutual Fund (IDF)
21. Indiabulls Mutual Fund
22. Invesco Mutual Fund
23. ITI Mutual Fund
24. JM Financial Mutual Fund
25. Kotak Mahindra Mutual Fund
26. LIC Mutual Fund
27. Mahindra Manulife Mutual Fund
28. Mirae Asset Mutual Fund
29. Motilal Oswal Mutual Fund
30. Navi Mutual Fund
31. Nippon India Mutual Fund
32. PGIM India Mutual Fund
33. PPFAS Mutual Fund
34. Quantum Mutual Fund
35. Samco Mutual Fund
36. SBI Mutual Fund
37. Shriram Mutual Fund
38. Sundaram Mutual Fund
39. Tata Mutual Fund
40. Taurus Mutual Fund
41. Trust Mutual Fund
42. UTI Mutual Fund
43. WhiteOak Capital Mutual Fund
44. YES Mutual Fund
45. Angel One Mutual Fund
46. NJ Mutual Fund
47. Old Bridge Mutual Fund
48. Unifi Capital Mutual Fund
49. Zerodha Mutual Fund
50. Abakkus Mutual fund
Some financial platforms list the first 44 active mutual fund houses.
As of May 2025, Indian mutual fund assets make up for 31% of bank deposits — Rs 72.2 lakh crore ($865 billion). India has over 5.4 crore mutual fund investors.
The US mutual fund AUM typically matches or even exceeds the size of bank deposits.
For the most accurate and up-to-date information, you can refer to SEBI's official list of registered mutual funds.
In 2017, the Securities and Exchange Board of India (SEBI) allowed foreign and domestic investors to acquire controlling stakes in asset management companies (AMCs). Strategic investors, private equity firms, and even other financial institutions could buy into or acquire the fund house itself, subject to SEBI approval.
Major Fund House Acquisitions in India
Nippon Life of Japan increased its stake in Reliance Mutual Fund, eventually taking majority control.
Quant Mutual Fund was acquired Escorts Mutual Fund in 2018. It was rebranded as Quant MF, now one of the fastest‑growing fund houses.
Navi Mutual Fund founded by Sachin Bansal (Flipkart co‑founder) acquired Essel Mutual Fund in 2021.
WhiteOak Capital Mutual Fund was acquired by YES Asset Management in 2021 and rebranded as WhiteOak Capital MF.
In 2022, Bandhan Bank, GIC, and ChrysCapital acquired IDFC Asset Management Company and rebranded it as Bandhan Mutual Fund in 2023.
PGIM India Mutual Fund was originally called DHFL Pramerica MF (after acquiring Deutsche Bank’s AMC in 2015). It became PGIM India MF in 2019 after Prudential’s buyout. In April 2026, TVS Venu Group announced acquisition of PGIM India MF, managing ₹30,000+ crore.
This matters for investors as fund schemes remain intact, but ownership changes can affect branding, distribution, and long‑term strategy.