Which are India's top-rated mutual funds?

Introduction

Mutual funds are an investment mechanism for the pooling of funds against allotment of units whereby such funds are invested in securities for people sharing the same investment objectives. When you intend to invest your money, it is of utmost concern that your investment yields commensurate returns. Thus, when we go around the market looking to invest in mutual funds, it is important to ensure you pick the top-rated ones. The market is replete with jargons and intricacies, especially when it comes to mutual funds. It is hard to understand the nuances if you don’t fully understand what you are getting into.

An insight into the best of the lot will help you make prudent investment decisions. For your convenience, we bring you a round-up of the top-rated mutual funds in India, selecting 2 schemes each from 5 categories across large and mid-cap, multi-cap, value, Equity linked savings scheme (ELSS) or tax saving schemes and aggressive hybrid schemes.

ICICI Prudential Equity & Debt Fund

This is an aggressive hybrid fund, aimed at growth. Its one-year returns have been 6.86%, that across three years come to 12.37% and for someone who stayed invested in it for 5 years, it is 11.99%. The overall picture reflected by this mutual fund is that of growth:

Motilal Oswal Multicap 35 Fund

The investment objective of the scheme is to achieve long term capital appreciation by primarily investing in a maximum of 35 equity & equity related instruments across sectors and market capitalization levels. The growth chart for this mutual fund is of course, encouraging:

L&T Tax Advantage Fund

This equity mutual fund is an open-ended equity linked savings scheme with a statutory lock-in of 3 years and tax benefit. This product is suitable for investors who are aiming for long-term capital growth from investment in a diversified portfolio of predominantly equity and equity-related securities.

ICICI Prudential Bluechip Fund

If financial growth through investment in Blue Chip companies is what you’re aiming for, ICICI Prudential Bluechip Fund is your best bet. Launched on May 23, 2008, ICICI Prudential Bluechip Fund is an open-ended equity scheme predominantly investing in large-cap stocks of companies carrying well-known brands with a proven track record. It can turn out to be a good investment for the rainy days since these companies are business behemoths.

SBI Magnum MultiCap Fund

This fund follows a bottom-up approach to stock-picking and choose companies across sectors/styles to provide investors with opportunities for long-term growth in capital along with the liquidity of an open-ended scheme. It makes these investments in a diversified basket of equity stocks and in debt and money market instruments.

Aditya Birla Sun Life Tax Relief 96

This is an open-ended equity linked saving scheme with a statutory lock-in of 3 years and tax benefit. It serves the objectives of long-term capital growth and tax benefits.

L&T India Value Fund

This is an open-ended equity scheme following a value investment strategy. This means that this mutual fund aims at generating long-term capital appreciation from a diversified portfolio of predominantly equity and equity related securities.

SBI Bluechip Fund

SBI Blue Chip Fund aims to provide investors with opportunities for long-term growth in capital through active management of investments in a diversified basket of large-cap equity. As the name suggests, this fund invests a minimum of 80% in stocks.

DSP Equity Opportunities Fund

The primary investment objective under this fund is to generate long term capital appreciation from a portfolio that is substantially constituted of equity and securities of large and midcap companies, along with other equity and equity related securities to achieve optimal portfolio construction.

Mirae Asset Emerging Bluechip Fund

This is a large & mid-cap fund, that is, an open-ended equity scheme investing in both large cap and mid-cap stocks.

Conclusion

Empower your money and portfolio by investing in a well-performing mutual fund today with Finserv MARKETS. Choosing to invest in mutual funds is a prudent bet anyway. You are delegating the investment to professionals: top-rated mutual funds are run by professional managers who pick different instruments to invest in, and so you can rest assured your money is in expert hands. Depending upon your risk appetite, you can choose to invest in equity funds, debt funds or hybrid mutual funds. Since the investment in securities is spread across a variety of industries, sectors and companies, the risk is reduced. When you open an account with Finserv MARKETS, you get detailed portfolio summaries and insights into the performance of your mutual funds investments.

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