15 Largest Mutual Funds in the US [Update 2022] (2023)

The most significant mutual funds have trillions in assets under management (AUM), in addition to cheaper expense ratios, which may improve performance over time. A mutual fund collects different ingredients – in this case, different types of investments such as stocks and bonds.

In addition, the biggest mutual funds provide admittance to premiere money supervisors who are specialized in maximizing your investments but keep a high fee in return.

Here is my list of the largest mutual funds in the US.

Quick List of Contents

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1. BlackRock Funds (Assets Under Management: $9,000.00)

BlackRock is an international investment management firm based in the United States and is the world’s first investment firm to surpass the $9 trillion milestones in AUM (Assets Under Management). BlackRock works on a worldwide scale, with 70 offices in 30 countries and clients in 100.

2. Vanguard (Assets Under Management: $7,200.00)

Vanguard is one of the world’s most comprehensive investment corporations, offering a large preference of low-cost mutual funds, ETFs, advice, and detailed services.The Vanguard Group, Inc. is a registered investment manager located in Malvern, Pennsylvania, managing over $6.2 trillion in worldwide assets as of January 31, 2020.

It is the world’s largest supplier of mutual funds and the world’s second-biggest supplier of exchange-traded funds (ETFs), trailing only BlackRock’s iShares.

3. Charles Schwab (Assets Under Management: $7,070.00)

The Charles Schwab Corporation is a worldwide financial services firm based in the United States. It provides personal banking, commercial banking, an electronic trading platform, and wealth management advisory services. It is the world’s third-largest asset manager, after BlackRock and Vanguard. Till October 31, 2020, it has 29.0 million active brokerage accounts and $5.9 trillion in customer assets. Its headquarters are in Westlake, Texas.

4. Fidelity Investments (Assets Under Management: $3.800.00)

Fidelity Investments Inc., also known as Fidelity and formerly known as Fidelity Management & Research or FMR, is an American international financial services firm headquartered in Boston, Massachusetts. The firm was founded in 1946 and is now one of the world’s top asset managers, with $4.9 trillion in assets under management as of June 2020.

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5. State Street Global Advisors (Assets Under Management: $3,500.00)

Based in Massachusetts, UnitedStates, State Street Global Advisors (SSGA) is an investment management branch and the world’s fifth-biggest asset manager, with roughly $3.59 trillion (USD) in assets under management as of March 31, 2021.

The firm provides financial services to customers worldwide by developing and managing investment strategies for governments, businesses, endowments, non-profit foundations, and other intermediaries. The corporation owned and operated 142 exchange-traded funds (ETFs) as of March 2021.

6. JP Morgan (Assets Under Management: $2,800.00)

J.P. Morgan & Co. was a commercial and investment banking firm formed in 1871 by J. P. Morgan. The firm was a forerunner of three of the world’s major financial firms — JPMorgan Chase, Morgan Stanley, and Deutsche Bank. J.P. Morgan has become a brand name for JPMorgan Chase’s investment banking businesses. Its AUM is valued at 2.8 trillion dollars.

7. Capital Group (Assets Under Management: $2,300.00)

Capital Group is a financial services firm in the United States. Of over $2 trillion in assets under administration, it is one of the world’s oldest and largest investment management firms. It was established in Los Angeles, California, in 1931 and is privately held.

8. BNY Mellon (Dreyfus) (Assets Under Management: $2,200.00)

The Bank of New York Mellon Corporation, abbreviated as BNY Mellon, is a New York-based investment banking services holding corporation. In 2007, The Bank of New York and Mellon Financial Corporation merged to establish BNY Mellon. In 2020, it was the world’s largest custodian bank and asset servicing provider, with $2.0 trillion in assets under management.

9. Prudential Investments (Assets Under Management: $1,721.00)

Prudential Financial, Inc. is an American corporation whose businesses offer insurance, corporate finance, and other financial goods and services to private and commercial clients in the United States and more than 40 countries. Prudential Financial is the largest insurance firm in the United States, with over 1.456 trillion US dollars in assets.

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10. T Rowe Price (Assets Under Management: $1,700.00)

Rowe Price Group, Inc. is a publicly traded worldwide investment management organization based in the United States that provides funds, advisory services, account management, and retirement funds and services to people, organizations, and financial institutions. The business, which had more than $1.3 trillion in assets under control at the end of 2019, is headquartered at 100 East Pratt Street in Baltimore, Maryland, and it’s 16 foreign office serves clients in 47 countries across the world.

11. Franklin Templeton (Assets Under Management: $1,498.00)

Franklin Resources Inc. is an American international holding company that, along with its subsidiaries, is known as Franklin Templeton. in 1947, this global investment corporation started as Franklin Distributors, Inc. in New York City.Franklin Templeton managed $1.498 trillion in assets under management (AUM) on behalf of private, professional, and institutional clients as of February 28, 2021.

12. BofA Merrill Lynch (Assets Under Management: $1,400.00)

Merrill, formerly Merrill Lynch, is a Bank of America investment and wealth management company. Together with its investment banking branch, both organizations, BofA Securities, participate in prime brokerage and broker-dealer operations. It is located in New York City. As of March 31, 2021, it managed $1.4 trillion in AUM.

13. Invesco (Assets Under Management: $1,391.50)

Invesco Ltd. is an American multinational investment management firm based in Atlanta, Georgia, with office locations in 20 countries. Its common stock is included in the S&P 500 and is traded on the New York Stock Exchange. Its AUM is $1.39 trillion on February 28, 2021.

14. Natixis Global Associates (Assets Under Management: $1,387.70)

Natixis Investment Associates is a multinational asset management firm established in the United States and France with $1387.7 trillion in assets under management as of December 31, 2020. The firm is headquartered in Paris and Boston, and it is the second-largest French manager in terms of market share.

15. Nuveen (Assets Under Management: $1,259.00)

Nuveen is an American asset manager and a wholly-owned subsidiary of the financial planning business TIAA, which is well-known for managing money for not-for-profit institutions such as colleges and their workers. As a result of years of integration efforts, Nuveen currently manages all of TIAA’s capital and any money obtained from other parties. It secured $1259 trillion as of December 31, 2020.

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This article will help you If you’re interested in learning more about investing in mutual funds. With thousands of mutual funds to select from, whatever your investment tastes may be, chances are there’s a different flavor to match. But all this variety can make it even harder to find the most suitable mutual fund for you.

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FAQs

What is the largest mutual fund in America? ›

SPDR S&P 500 ETF

Which fund is best for 2022? ›

Best Performing Debt Mutual Funds
Fund Name3-year Return (%)*5-year Return (%)*
DSP Government Securities Direct Plan-Growth6.57%7.62%
SBI Magnum Medium Duration Fund Direct -Growth7.06%7.59%
ICICI Prudential Short Term Fund Direct Plan-Growth7.19%7.49%
ICICI Prudential Gilt Fund Direct Plan-Growth7.38%7.46%
6 more rows

What are the names of the top 3 most popular mutual funds? ›

Top 25 Mutual Funds
RankSymbolFund Name
1VSMPXVanguard Total Stock Market Index Fund;Institutional Plus
2VFIAXVanguard 500 Index Fund;Admiral
3FXAIXFidelity 500 Index Fund
4VTSAXVanguard Total Stock Market Index Fund;Admiral
21 more rows

What is the fastest growing mutual fund? ›

PPFAS MF is the fastest growing major mutual fund house in India. Among the top 30 AMCs, PPFAS registered the highest AUM growth at 178% in FY 2021. Its AUM went up from Rs 3,138 crore to Rs 8,720 crore during the financial year.

Which mutual funds are best for next 5 years? ›

Best SIP Plans for 5 Years in Equity Funds
  • Axis Bluechip Fund Monthly SIP Plan. This is an open-ended equity scheme with a track record of outperformance. ...
  • ICICI Prudential Bluechip Fund. ...
  • SBI Bluechip Fund. ...
  • Mirae Asset Large Cap Fund. ...
  • SBI Multicap Fund.

Who is bigger Vanguard or BlackRock? ›

As of 2022, Vanguard has more than $8 trillion in assets under management (AUM), second only to BlackRock, Inc ($9.5 trillion AUM). 4 Headquartered in Pennsylvania, Vanguard is the largest mutual funds issuer in the world and the second-largest issuer of exchange-traded funds (ETFs).

What is the best American mutual fund? ›

Note: All financial data is current as of May 2021.
  • American Funds Investment Company of America. ...
  • American Mutual Fund. ...
  • AMCAP Fund. ...
  • New Perspective Fund. ...
  • The Growth Fund of America. ...
  • The Income Fund of America. ...
  • The Bond Fund of America. ...
  • American Balanced Fund.

Who is the biggest mutual fund company? ›

BlackRock

Which is the best mutual fund to invest now? ›

FEATURED
  • Pro Investing by Aditya Birla Sun Life Mutual Fund. INVEST NOW.
  • Edelweiss Small Cap Fund Direct - Growth. 3Y RETURN34.86% ...
  • Mirae Asset Healthcare Fund Direct - Growth. 3Y RETURN30.60% ...
  • Edelweiss Mid Cap Direct Plan-Growth. ...
  • Edelweiss Recently Listed IPO Fund Direct - Growth. ...
  • Mirae Asset Great Consumer Fund Direct-Growth.
31 Dec 2021

Which mutual fund is best for lumpsum investment 2022? ›

Best Mutual Funds for Lumpsum Investment 2022
Mutual Fund SchemeType of Scheme3 Year CAGR
HDFC Floating Rate Debt FundDebt- Floating Rate6.10%
Aditya Birla SL Money Manager FundDebt- Money Market5.10%
Aditya Birla SL Savings FundDebt- Ultra Short Duration5.30%
ICICI Prudential Liquid FundDebt- Liquid4%
6 more rows
22 Sept 2022

Which mutual fund is best for long term investment? ›

List of Long Duration Mutual Funds in India
Fund NameCategoryRisk
SBI Contra FundEquityVery High
Axis Small Cap FundEquityVery High
Quant Large and Mid Cap FundEquityVery High
Mahindra Manulife Multi Cap Badhat Yojana FundEquityVery High
7 more rows

What mutual funds is Dave Ramsey invested in? ›

Dave Ramsey's Recommended Vanguard Mutual Funds

Examples of growth funds are Fidelity Growth Company and Vanguard Growth Index. Although most growth funds usually have the word “growth,” some don't have it. As such, that is not the determinant that a fund is a growth fund.

Which fund has the highest 10 year return? ›

Best Mutual Fund for 10 Years Which Have Provided Great Returns
  • Reliance Large Cap.
  • ICICI Prudential Bluechip Equity Fund.
  • ICICI Prudential Bluechip Equity Fund.
  • Tata Equity P/E Fund.
  • HDFC Small Cap Fund.
  • Aditya Birla Sun Life Tax Relief 96.
  • ICICI Prudential Equity & Debt Fund.
  • Mirae Asset India Equity Fund.
26 Aug 2022

Which mutual fund has highest return in last 5 years? ›

Canara Robeco Bluechip Equity Fund

This is the highest performing large cap equity mutual fund scheme in the last 5 years, according to AMFI data. The Direct Plan of Canara Robeco Bluechip Equity Fund has given a return of 15.03% while the Regular Plan of the scheme has given a return of 13.48% in 5 years.

Which is the safest mutual fund? ›

List of Best Low Risk Mutual Funds in India Ranked by Last 5 Year Returns
  • Quant Multi Asset Fund. ...
  • ICICI Prudential Equity & Debt Fund. ...
  • ICICI Prudential Multi Asset Fund. ...
  • Edelweiss Aggressive Hybrid Fund. ...
  • Baroda BNP Paribas Aggressive Hybrid Fund. ...
  • Canara Robeco Equity Hybrid Fund. ...
  • Mirae Asset Hybrid Equity Fund.

Which bank gives highest interest on mutual funds? ›

2. Top Sectoral Banking Mutual Funds
Fund3-Year Returns5-Year Returns
HDFC Banking & PSU Debt Fund Regular Plan Growth Option8.45%8.69%
Axis Banking & PSU Debt Fund Growth9.22%8.68%
DSP Banking & PSU Debt Fund Regular Growth8.73%8.60%
ICICI Prudential Banking and PSU Debt Fund Growth8.06%8.58%
6 more rows

Does money double every 7 years? ›

The most basic example of the Rule of 72 is one we can do without a calculator: Given a 10% annual rate of return, how long will it take for your money to double? Take 72 and divide it by 10 and you get 7.2. This means, at a 10% fixed annual rate of return, your money doubles every 7 years.

Which fund gives highest return? ›

List of Equity Mutual Funds in India
Fund NameCategory1Y Returns
Canara Robeco Small Cap FundEquity14.6%
Bank of India Small Cap FundEquity10.0%
Quant Tax Plan FundEquity14.3%
PGIM India Midcap Opportunities FundEquity6.5%
12 more rows

How many years should I invest in mutual funds? ›

If you are actually looking at equity funds to help you achieve your long term goals then you at least need to give yourself a holding period of 8-10 years. For debt funds, the outlook on rates should be your key driver for holding period.. Unlike equity funds, the debt funds do not really depend on long term holding.

What is the average return on mutual funds? ›

How Mutual Funds Compare to Other Investments. Looking at the seven major categories of mutual funds above, the average annualized return for 2021 was 11.54%.

Who really owns Vanguard? ›

Vanguard is owned by the funds managed by the company and is therefore owned by its customers. Vanguard offers two classes of most of its funds: investor shares and admiral shares. Admiral shares have slightly lower expense ratios but require a higher minimum investment, often between $3,000 and $100,000 per fund.

Who owns most of Vanguard? ›

Top 10 Owners of American Vanguard Corp
StockholderStakeTotal change
BlackRock Fund Advisors13.92%+1.83%
Dimensional Fund Advisors LP7.74%+3.37%
The Vanguard Group, Inc.6.41%+13.56%
Wellington Management Co. LLP4.70%+1.14%
6 more rows

Is BlackRock better than Vanguard? ›

From the comparison above, you see there aren't significant differences between similar Vanguard and Blackrock funds. Your decision on where to invest your money may come down to other factors such as the convenience of their platform or other services on how you use either company.

Are American funds better than Vanguard? ›

American Funds come with both front-end and back-end loads and the fees are higher compared to Vanguard's, which offers no-load funds. The Vanguard Group's offerings are passively-managed while American Funds has managers who actively manage its funds.

Which American funds pay the highest dividends? ›

7 of the best high-dividend ETFs:
  • Schwab U.S. Dividend Equity ETF (SCHD)
  • Vanguard High Dividend Yield ETF (VYM)
  • Vanguard Dividend Appreciation ETF (VIG)
  • SPDR Portfolio S&P 500 High Dividend ETF (SPYD)
  • SPDR S&P Dividend ETF (SDY)
  • iShares International Select Dividend ETF (IDV)
5 Oct 2022

What is the longest running mutual fund? ›

Charlene Rhinehart is an expert in accounting, banking, investing, real estate, and personal finance.
...
Oldest Mutual Funds by Inception Date (Still Active)
RankNameDate of Creation
1MFS Massachusetts Investors Trust (MITTX)1924
2Putnam Investors Fund (PINVX)1925
5 more rows

Who is Vanguard competitor? ›

Vanguard's competitors and similar companies include Edward Jones, Merrill Lynch, Franklin Templeton, Fidelity Investments, BlackRock and TIAA. Vanguard is an investment company.

Who is bigger BlackRock or fidelity? ›

BlackRock Funds top the list in terms of assets held by a single fund family, followed by other familiar names such as Vanguard, Charles Schwab, State Street Global Advisors, and Fidelity Investments.

Which company has the best mutual funds? ›

NerdWallet's Best Brokers for Mutual Funds of October 2022
  • Fidelity.
  • Interactive Brokers IBKR Lite.
  • Merrill Edge.
  • J.P. Morgan Self-Directed Investing.
  • Ally Invest.
  • Vanguard.
  • Firstrade.
  • Charles Schwab.
3 Oct 2022

Which mutual fund is best for lumpsum 2022? ›

FEATURED
  • Pro Investing by Aditya Birla Sun Life Mutual Fund. INVEST NOW.
  • Edelweiss Small Cap Fund Direct - Growth. 3Y RETURN34.86% ...
  • Mirae Asset Healthcare Fund Direct - Growth. 3Y RETURN30.60% ...
  • Edelweiss Mid Cap Direct Plan-Growth. ...
  • Edelweiss Recently Listed IPO Fund Direct - Growth. ...
  • Mirae Asset Great Consumer Fund Direct-Growth.
2 days ago

Is it good time to invest in mutual funds? ›

There is no best time as such for investing in mutual funds. Individuals can make investments in mutual funds as and when they wish. But it is always better to catch the funds at a lower NAV rather than higher price. It will not only maximise your returns but also lead to higher wealth accumulation.

What should I do with mutual funds right now? ›

It's best to move your mutual funds till date to a short term debt fund or a high yield savings account and pause SIPs in equity funds which are highly volatile in the current market conditions for the time being.

What funds should I invest in right now? ›

12 best investments right now
  • High-yield savings accounts.
  • Certificates of deposit (CDs)
  • Money market funds.
  • Government bonds.
  • Corporate bonds.
  • Mutual funds.
  • Index funds.
  • Exchange-traded funds (ETFs)
27 Sept 2022

Which mutual fund gives highest return lumpsum? ›

Best Mutual Funds for Lumpsum Investment
  • Canara Robeco BlueChip Equity Fund Direct-Growth: This scheme is launched by Canara Robeco Mutual Fund. This Mutual Fund has a fund size of ₹7593.28 Cr and an Expense Ratio of 0.39%. ...
  • UTI Nifty200 Momentum 30 Index Fund Direct-Growth: This scheme is launched by UTI Mutual Fund.
1 Sept 2022

Where should I invest my lumpsum for 5 years? ›

Top Mutual Funds for Lumpsum Investments
  • Canara Robeco BlueChip Equity Fund Direct-Growth.
  • Baroda BNP Paribas Large Cap Fund Direct-Growth.
  • UTI Nifty200 Momentum 30 Index Fund Direct-Growth. ...
  • Nippon India Credit Risk Fund Direct-Growth.
  • HDFC Credit Risk Debt Fund Direct-Growth.
8 Jun 2022

Where should I invest 25000 right now? ›

The Stock Market
  • 401(k) A 401k is a retirement plan sponsored by your employer. ...
  • Roth IRA & Backdoor Roth IRA. ...
  • Plain Old Taxable Brokerage Account. ...
  • Health Savings Accounts (HSAs) ...
  • REITs. ...
  • Buy Rental Property. ...
  • Real Estate Crowdfunding. ...
  • Syndications.
6 Jan 2022

How long should you keep mutual funds? ›

If you are actually looking at equity funds to help you achieve your long term goals then you at least need to give yourself a holding period of 8-10 years.

What is the best day of the week to buy mutual funds? ›

And according to it, the best days for trading are Mondays. This is also known as “The Monday Effect” or “The Weekend Effect”. The Monday Effect – a theory suggesting that the returns of stocks and market movements on Monday are similar to those from the previous Friday.

How many mutual funds should I have? ›

The consensus is that a well-balanced portfolio with approximately 20 to 30 stocks diversifies away the maximum amount of unsystematic risk.

Should I move my investments to cash 2022? ›

There are a lot of better choices than holding cash in 2022. Inflation will deteriorate the value of your savings if you decide to stash your cash in a bank account. Over the long run, you'll be better off investing now, even if expected returns are lower than they've been historically.

Why is my 401k losing money right now 2022? ›

There are several reasons your 401(k) may be losing money. One reason is that the stock market is simply going through a down period. Another reason your 401(k) may be losing money is that you have invested in a specific company or industry that is not doing well. Finally, your 401(k) may lose money because of fees.

What type of mutual fund has strong growth? ›

Large-cap growth mutual funds are one of the largest types of mutual funds in terms of market share. Large-blend funds, which offer investors value and growth, are also very popular.

Are mutual funds risky right now? ›

Are mutual funds safe? All investments carry some risk, but mutual funds are typically considered a safer investment than purchasing individual stocks. Since they hold many company stocks within one investment, they offer more diversification than owning one or two individual stocks.

What should I invest in during inflation? ›

During inflationary periods, experts suggest making the most of your returns by investing in assets that have historically delivered returns that outpace the rate of inflation. Examples include diversified index funds, as well as carefully investing in things like gold, real estate, Series I savings bonds and TIPS.

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