MUTUAL FUND
 
Definition: A mutual fund is a professionally-managed investment scheme, usually run by an asset management company that brings together a group of people and invests their money in stocks, bonds and other securities.

There are 5 types of mutual fund
1 Fixed income funds.
2 Equity funds. 
3 Balanced funds. 
4 Index funds.
5 Specialty funds.
6 Fund-of-funds.
7 Diversify by investment style.

List of Mutual Fund Companies in india

• Axis Asset Management Company Ltd.
• Baroda Pioneer Asset Management Company Ltd
• Birla Sun Life Asset Management Company Ltd
• BNP Paribas Asset Management India Pvt Ltd
• BOI AXA Investment Managers Pvt Ltd
• Canara Robeco Asset Management Company Ltd
• Daiwa Asset Management (India) Pvt Ltd
• Deutsche Asset Management (India) Pvt. Ltd.
• DSP BlackRock Investment Managers Pvt. Ltd.
• Edelweiss Asset Management Ltd
• Escorts Asset Management Ltd
• FIL Fund Management Private Ltd
• Franklin Templeton Asset Management (India) Pvt Ltd.
• Goldman Sachs Asset Management (India) Pvt Ltd.
• HDFC Asset Management Company Ltd
• HSBC Asset Management (India) Pvt. Ltd.
• ICICI Prudential Asset Management Company Ltd
• IDBI Asset Management Ltd.
• IDFC Asset Management Company Ltd
• India Infoline Asset Management Co. Ltd.
• Indiabulls Asset Management Company Ltd.
• ING Investment Management (India) Pvt. Ltd.
• JM Financial Asset Management Pvt Limited
• JPMorgan Asset Management India Pvt. Ltd.
• Kotak Mahindra Asset Management Company Ltd.
• L&T Investment Management Ltd.
• LIC NOMURA Mutual Fund Asset Management Company Ltd.
• Mirae Asset Global Investments (India) Pvt. Ltd.
• Morgan Stanley Investment Management Pvt.Ltd.
• Motilal Oswal Asset Management Company Ltd.
• Peerless Funds Management Co. Ltd.
• Pine Bridge Investments Asset Management Company (India) Pvt. Ltd.
• Pramerica Asset Managers Private Ltd
• Principal PNB Asset Management Co. Pvt. Ltd.
• Quantum Asset Management Company Private Ltd.
• Reliance Capital Asset Management Ltd.
• Religare Asset Management Company Private Ltd.
• Sahara Asset Management Company Private Ltd
• SBI Funds Management Private Ltd.
• Sundaram Asset Management Company Ltd
• Tata Asset Management Ltd
• Taurus Asset Management Company Ltd
• Union KBC Asset Management Company Pvt Ltd
• UTI Asset Management Company Ltd