"I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful." — Warren Buffett

Mutual funds have become extremely popular in India over the past decade, with assets under management crossing Rs 37 lakh crore in 2022. Retail investors are flocking to mutual funds as they offer professional management of one's savings and help create wealth over the long term. Here is a look at the top 10 mutual fund schemes in India based on assets under management (AUM) as of October 2022:

HDFC Balanced Advantage Fund

With AUM of Rs 44,763 crore, this is the largest mutual fund scheme in India. It dynamically manages equity and debt allocation based on market conditions. Launched in 1995, it has provided strong risk-adjusted returns over the long term.

ICICI Prudential Bluechip Fund

The largest actively managed equity fund in India with AUM of Rs 44,686 crore. Launched in 1993, it invests in large cap stocks and has outperformed its benchmark over the years.

HDFC Top 100 Fund

Among the top equity funds with AUM of Rs 42,403 crore. Launched in 1996, it invests in large and mid-cap stocks. Has consistently beaten its benchmark over 3, 5 and 10 year periods.

Kotak Standard Multicap Fund

This diversified equity fund manages AUM of Rs 42,345 crore. Launched in 2009, it invests across market caps and sectors. Delivered stellar returns over the years with low volatility.

Axis Bluechip Fund

Another leading large cap oriented fund with AUM of Rs 32,669 crore. Launched in 2009, it has outperformed peers and benchmarks over the long run. Focuses on bluechip companies with strong fundamentals.

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