Public Sector Mutual Funds in India | List of Public Sector Mutual Funds in India

List of Public Sector Mutual Funds in India


Mutual funds are like a big pool of money collected from many people. This money is managed by experts who invest it in different things like stocks, bonds, and other assets. In India, there are mutual funds managed by the government, called public sector mutual funds. Let’s take a closer look at some of the prominent ones.

  1. UTI Mutual Fund:

    • What is UTI?: UTI stands for Unit Trust of India. It’s one of the oldest and most well-known mutual fund companies in India. It was started by the government in 1964.

    • Types of UTI Funds: UTI offers various types of funds, like equity funds (investing in stocks), debt funds (investing in bonds), and hybrid funds (a mix of stocks and bonds).

    • Popular UTI Schemes: Some popular UTI schemes include UTI Equity Fund, UTI Mastershare Fund, and UTI Long Term Equity Fund.

  2. SBI Mutual Fund:

    • About SBI MF: SBI Mutual Fund is managed by SBI Funds Management Pvt. Ltd., a joint venture between the State Bank of India and Amundi (a French asset management company).

    • Wide Range of Funds: SBI Mutual Fund offers a wide range of funds, including equity funds, debt funds, and hybrid funds.

    • Notable Schemes: Some notable schemes are SBI Bluechip Fund, SBI Magnum Multi Cap Fund, and SBI Short Term Debt Fund.

  3. ICICI Prudential Mutual Fund:

    • ICICI Prudential: This is a collaboration between ICICI Bank and Prudential Plc, a British insurance company. It’s one of the biggest mutual fund companies in India.

    • Different Types of Funds: ICICI Prudential Mutual Fund offers a variety of funds including equity, debt, and hybrid funds.

    • Famous Schemes: Some of their popular schemes are ICICI Prudential Bluechip Fund, ICICI Prudential Balanced Advantage Fund, and ICICI Prudential Liquid Fund.

  4. HDFC Mutual Fund:

    • About HDFC MF: HDFC Mutual Fund is managed by HDFC Asset Management Company, which is a subsidiary of HDFC Ltd., one of India’s leading housing finance companies.

    • Diverse Investment Options: HDFC Mutual Fund offers a diverse range of funds, including equity, debt, and hybrid funds.

    • Top HDFC Schemes: Some of the top schemes include HDFC Equity Fund, HDFC Balanced Advantage Fund, and HDFC Liquid Fund.

  5. Canara Robeco Mutual Fund:

    • Canara Robeco: This mutual fund company is a partnership between Canara Bank and Robeco, a global asset management company.

    • Fund Options: Canara Robeco Mutual Fund provides various options like equity funds, debt funds, and hybrid funds.

    • Well-Known Schemes: Some well-known schemes include Canara Robeco Equity Diversified Fund, Canara Robeco Emerging Equities Fund, and Canara Robeco Liquid Fund.

These public sector mutual funds in India are managed by trustworthy organizations, often with long-standing reputations. They offer a wide variety of investment options, which means you have many choices to suit your financial goals and risk tolerance. It’s a good idea to do some research or consult a financial advisor before making any investment decisions.

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