List of Public Sector Mutual Funds in India
Introduction:
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.
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UTI Mutual Fund:
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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.
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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).
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Popular UTI Schemes: Some popular UTI schemes include UTI Equity Fund, UTI Mastershare Fund, and UTI Long Term Equity Fund.
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SBI Mutual Fund:
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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).
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Wide Range of Funds: SBI Mutual Fund offers a wide range of funds, including equity funds, debt funds, and hybrid funds.
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Notable Schemes: Some notable schemes are SBI Bluechip Fund, SBI Magnum Multi Cap Fund, and SBI Short Term Debt Fund.
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ICICI Prudential Mutual Fund:
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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.
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Different Types of Funds: ICICI Prudential Mutual Fund offers a variety of funds including equity, debt, and hybrid funds.
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Famous Schemes: Some of their popular schemes are ICICI Prudential Bluechip Fund, ICICI Prudential Balanced Advantage Fund, and ICICI Prudential Liquid Fund.
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HDFC Mutual Fund:
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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.
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Diverse Investment Options: HDFC Mutual Fund offers a diverse range of funds, including equity, debt, and hybrid funds.
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Top HDFC Schemes: Some of the top schemes include HDFC Equity Fund, HDFC Balanced Advantage Fund, and HDFC Liquid Fund.
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Canara Robeco Mutual Fund:
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Canara Robeco: This mutual fund company is a partnership between Canara Bank and Robeco, a global asset management company.
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Fund Options: Canara Robeco Mutual Fund provides various options like equity funds, debt funds, and hybrid funds.
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Well-Known Schemes: Some well-known schemes include Canara Robeco Equity Diversified Fund, Canara Robeco Emerging Equities Fund, and Canara Robeco Liquid Fund.
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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.
How to apply for Bharti
To apply for, follow these general steps:
Check Eligibility Criteria :Before applying, make sure you meet the eligibility criteria mentioned in the official notification of the recruitment you are interested in. Criteria usually include educational qualification, age limit and sometimes physical standards.
Registration : Visit the official website and navigate to the "Apply" section. There, you will find the ongoing recruitment links. Click on the appropriate link for the Bharti you wish to apply for.
New Registration : If you are a new user, you need to register first. Provide required details like name, date of birth, email id and mobile number to create your account.
Login : After registration, login using the credentials you provided.
Fill Application : Fill the application form with accurate details of personal information, educational qualification, work experience (if any), etc. Be sure to double-check all information before submission.
Upload Documents : Upload scanned copies of required documents like passport size photograph, signature, educational certificates etc. as per the specifications mentioned in the notification.
Fee Payment : Pay the application fee online through the payment gateway provided. Fee payment details will be available in the notification.
Submit Application : After completing all the steps and verifying the information provided, submit your application to
Print Application Form : After successful submission, download and print a copy of your application form for future reference.
Admit Card : Keep an eye on the website for updates regarding release of admit card in . Download your admit card once it is available.
Prepare for the Exam : Start the recruitment exam preparation as per the syllabus and exam pattern given in the notification.
Appear for the Exam : Appear for the exam on the scheduled date, at the designated exam center.
Check Results : After the exam, check the website regularly for updates on the result declaration.Remember to stay updated with the notifications and announcements issued by regarding the recruitment process.
Selection Process for Bharti
The selection process for recruitment usually consists of several stages:
Notification : Releases notification for various posts throughout the year. These notifications contain details like eligibility criteria, exam dates, syllabus and application process.
Application : Candidates must apply online through the official website within the specified dates mentioned in the notification. They have to fill the application form, upload the required documents and pay the application fee.
Admit Card : After the completion of the application process, it issues the admit card to the eligible candidates. Admit cards contain details like exam date, time and venue. Candidates must download and print their admit card from the official website within the specified time. Admit cards are required to enter the examination hall and candidates must carry a valid photo ID at the examination center on the day of the examination.
Exams: Different types of exams are conducted depending on the posts
Result Declaration : It declares the result of each level of examination on its official website. Candidates who are eligible for one tier are eligible to appear for next tier.
Document Verification : After qualifying all levels of the examination, candidates are called for document verification. They need to provide original documents like educational certificates, identity proof and other necessary documents as specified by .
Final Selection : Final selection is based on candidate's performance in all levels of examination as well as verification of their documents. Merit lists are prepared based on the total marks obtained by the candidates.
Appointment : Candidates selected as per merit list are appointed to respective posts as per available vacancies.