Best Mutual Fund to Invest

Modern investors are spoilt for choice, and this makes it difficult to choose just one type of investment vehicle. However, in terms of diversification and efficiency, mutual funds clearly stand out.


Even if you have decided to invest in mutual funds, you will have to decide from a number of choices. There are over 44 Asset Management companies in India offering different mutual fund schemes to cater to diverse investment needs.

But how can you choose the best mutual fund to invest in India? The response to this question depends on various factors that you must consider before selecting a mutual fund scheme. So, read on to know more about which ones are the best mutual funds in India and how to select the top-performing scheme.

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How to Select the Best Mutual Fund in India?

When trying to find the top mutual fund to invest in, you must consider the following factors:


  • Financial Goals


Not just mutual funds but when making a decision about any investment, account for your life goals and priorities. Once you have prioritised your needs, analyse the objectives of different funds and try to find those that align with your timelines. 


In general, the primary goal is wealth creation. So, the best mutual fund for you would be one that allows you to generate long-term wealth to provide for your long-term goals. For instance, if you wish to build a corpus for the college education of your child, you must invest in an equity mutual fund scheme. 


Otherwise, a debt mutual fund may not generate the needed returns for tuition costs. 


  • Historical Performance of the Fund


Top-rated mutual funds are generally those that have fared well in the recent past. Hence, it is crucial to read through a fund’s records of the performance in the last 3 to 5 years. 


Assessing a fund’s performance for the past half-decade or beyond will show you how the fund managed to do during times of marketing volatility. So, the best mutual fund for you to invest in would be the one that has a consistent record of delivering high returns.  


  • How the Fund Manager Has Fared


A fund manager oversees mutual fund schemes. These managers are highly-qualified persons with varied experience in equity markets. These managers are responsible for allocating your funds to different stocks. 


Hence, it becomes important to go through the track record of the fund manager before opting for a fund. Generally, fund managers supervise different schemes in the same asset management company, and you can look at their performance across different schemes.


  • Check the Company’s Financials


One of the benefits that you get to enjoy with mutual funds is that fund managers allocate your funds to different company stocks. So, before investing in any particular fund, you can check the proportion of allocation to different companies.


Every company provides details about its financial health through financial and quarterly reports. Financial statements allow investors to ascertain two things: 


  1. A company’s financial health 

  2. The transparency and accountability of the organisation

Strong financial credentials ensure that shareholders get higher returns on their investments.


Top Mutual Funds in India in Terms of Returns

The following table showcases some of the top mutual funds in terms of providing returns. 



Mutual Funds


3-Year Returns

5-Year Returns

Quant Small Cap Fund Direct Plan-Growth





Quant Tax Plan Direct-Growth





Quant Infrastructure Fund Direct-Growth





Axis Small Cap Fund Direct-Growth





Quant Active Fund Direct-Growth






Disclaimer: Data mentioned is as of June 19, 2023. 


In conclusion, when selecting the best mutual fund in India, it is prudent to thoroughly research different funds, fund houses, and fund managers. As an investor, you need to align your financial needs with the objectives of the fund to optimise your returns.

On Bajaj Markets, you can compare over 1,100 direct funds and choose the mutual fund scheme that best suits your profile. Moreover, it also allows you to invest in equities starting from ₹100.

FAQs on Best Mutual Funds

What is the minimum amount that I can invest in a mutual fund?

The minimum amount that you can invest in mutual funds through Systematic Investment Program (SIP) is ₹500. However, Bajaj Markets allows you to start investing with ₹100.

Which is the best mutual fund in terms of returns in the past three years?

Do mutual funds guarantee liquidity?

Which is the most important metric of a company’s financial statement to look at to select the best mutual fund to invest in India?


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