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Why Pragati Funds?

Pragati Funds is the no#1 Mutual Fund Distributor Company in Vadodara located at Vasna Dmart Road, Vadodara. Pragati Funds is promoted by Sanjay Relekar who is an MBA in Finance and over 25 years exposure in the area of Personal Finance and Investments. The firm has well equipped office managed by an able team of Customer Support personnel.

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What is MUTUAL FUNDS?

A Mutual fund is a pool of funds contributed by individuals and nonindividual entities and managed with a specific defined objective and in compliance with the regulations. The popularity of mutual funds is because of the variety of needs that they address, ease of transaction, transparency, stringent regulation, flexibility, favourable taxation, and a host of other convenient factors.

Mutual funds invest across asset classes, have varying risk, return profiles to suit a variety of investor preferences. They are a convenient tool to achieve life’s important goals as it is possible to match your investment time horizons with those of a mutual fund. They are equally useful in both financial planning and wealth management.

In India, there are 44 Asset Management companies, and together between them have an AUM –Assets Under Management of Rs 27.01 lakh crores ( as of March 2020 source ICRA). The list of AMCs and their AUMs is given below.

AMC wise Quarterly Average AUM

Avg AUM in Jan – Mar 26 vs Avg AUM in Apr – Jun 26
Rank Mutual Fund Name Average AUM in Rs Cr (Jan-Mar 26) Average AUM in Rs Cr (Apr-Jun 26) Change Growth (in %)
1 Nippon India Mutual Fund 7,24,965 7,51,519 26,554 3.70
2 ICICI Prudential Mutual Fund 11,03,751 11,14,544 10,793 1.00
3 Motilal Oswal Mutual Fund 1,31,742 1,42,530 10,788 8.20
4 Kotak Mahindra Mutual Fund 5,80,950 5,90,511 9,561 1.60
5 Axis Mutual Fund 3,59,601 3,69,030 9,429 2.60
6 SBI Mutual Fund 12,48,003 12,57,352 9,349 0.70
7 Bandhan Mutual Fund 1,95,325 2,04,046 8,721 4.50
8 PPFAS Mutual Fund 1,52,328 1,60,807 8,479 5.60
9 HDFC Mutual Fund 9,27,451 9,35,081 7,630 0.80
10 quant Mutual Fund 88,363 95,314 6,952 7.90
11 HSBC Mutual Fund 1,36,058 1,43,007 6,949 5.10
12 Invesco Mutual Fund 1,40,648 1,46,009 5,361 3.80
13 Edelweiss Mutual Fund 1,65,670 1,70,951 5,281 3.20
14 DSP Mutual Fund 2,25,400 2,29,802 4,402 2.00
15 WhiteOak Capital Mutual Fund 33,024 37,389 4,365 13.20
16 UTI Mutual Fund 3,88,470 3,92,691 4,221 1.10
17 Mirae Asset Mutual Fund 2,21,355 2,24,952 3,598 1.60
18 LIC Mutual Fund 46,461 49,535 3,074 6.60
19 Abakkus Mutual Fund 3,129 5,580 2,450 78.30
20 Franklin Templeton Mutual Fund 1,23,574 1,26,017 2,443 2.00
21 Bajaj Finserv Mutual Fund 30,627 33,027 2,401 7.80
22 Sundaram Mutual Fund 74,883 76,929 2,046 2.70
23 Union Mutual Fund 26,194 28,098 1,904 7.30
24 Helios Mutual Fund 9,401 11,103 1,703 18.10
25 Mahindra Manulife Mutual Fund 33,127 34,786 1,660 5.00
26 Zerodha Mutual Fund 13,793 15,373 1,580 11.50
27 Bank of India Mutual Fund 14,171 15,446 1,275 9.00
28 Jio BlackRock Mutual Fund 16,712 17,979 1,267 7.60
29 Canara Robeco Mutual Fund 1,17,483 1,18,728 1,245 1.10
30 Tata Mutual Fund 2,27,512 2,28,538 1,026 0.50
31 Groww Mutual Fund 4,181 5,106 925 22.10
32 Old Bridge Mutual Fund 2,566 3,419 853 33.20
33 Trust Mutual Fund 4,253 5,075 822 19.30
34 ITI Mutual Fund 10,825 11,302 477 4.40
35 Navi Mutual Fund 9,007 9,453 446 4.90
36 PGIM India Mutual Fund 26,401 26,640 239 0.90
37 Angel One Mutual Fund 419 565 146 34.70
38 Capitalmind Mutual Fund 472 569 97 20.60
39 Unifi Mutual Fund 1,440 1,497 57 4.00
40 Taurus Mutual Fund 978 1,009 32 3.20
41 IL&FS Mutual Fund (IDF) 911 932 20 2.20
42 Choice Mutual Fund 69 83 13 18.90
43 Samco Mutual Fund 2,532 2,522 -10 -0.40
44 JM Financial Mutual Fund 13,219 13,205 -15 -0.10
45 NJ Mutual Fund 6,965 6,922 -43 -0.60
46 Quantum Mutual Fund 3,230 3,185 -45 -1.40
47 Shriram Mutual Fund 1,255 1,161 -95 -7.50
48 The Wealth Company Mutual Fund 1,404 1,298 -106 -7.60
49 360 ONE Mutual Fund 13,194 13,053 -140 -1.10
50 Baroda BNP Paribas Mutual Fund 54,608 53,149 -1,459 -2.70
51 Aditya Birla Sun Life Mutual Fund 4,35,866 4,27,675 -8,191 -1.90
Grand Total 81,53,966 83,14,496 1,60,530 2.00

Mutual funds can be classified in the following ways which can also be overlapping

1. Based on Asset Class composition — Equity oriented, Debt oriented, Balanced Fund, Arbitrage Fund, Multi-Asset Fund, Gold Fund, Commodities Fund, Equity Hybrid Fund, Debt oriented hybrid fund, overseas assets.

Within equities, depending on the composition—–Large Cap, Midcap, Small Cap, Multi cap, Focussed, Diversified, sectoral, or based on the philosophy– Value or Growth.

Within Debt funds —-Duration, Credit Risk, Liquid, Short Term, Gilt, Medium Term, Long term etc.

2. Based on the way it is managed— Static or Dynamic, Asset Allocation

3. Based on the structure of the fund—Open-Ended or Closed-ended, Interval fund, locked fund.

Mutual funds have come a long way since private mutual funds were floated in the early nineties and are now one of the most convenient vehicles to save and invest especially, for the individuals who lack the knowledge and time to make informed decisions. Mutual funds have had their share of problems. However by and large mutual fund investors who have invested based on advice have had a happy investing experience on account of the outperformance vis-à-vis traditional instruments.