Top Performing Mutual Funds in India
What are Mutual Funds?
Mutual funds is basically a pool of money accumulated by several investors to invest in various asset class such as stocks, bond and other assets.
What are different types of Mutual Funds in India?
Mutual Funds are classified based on following characteristics.
Based on Structure:
- Open Ended
- Close Ended
Based on Asset Class:
- Equity Funds
- Debt Funds
- Money Market Funds
- Hybrid Funds
Based on Investment Goals:
Types of Fund to invest in 2019
Best Equity Mutual funds:
- Axis Blue-chip Fund
- Canara Robeco Blue-chip Equity
- Mirae Asset India Equity Fund
- Kotak Standard Multicap Fund
Best Small Mutual funds
- L&T Emerging Businesses Fund
- HDFC Small Cap Fund
Best Mid Cap Mutual Funds
- L&T Mid Cap Fund
- HDFC Mid Cap Opportunities Fund
- DSP Mid Cap Fund
- Invesco Mid Cap Fund
- Axis Midcap Fund
Best Tax saving mutual fund 2019
- Motilal Oswal Long Term equity fund
- Aditya Birla Sun Life Tax Relief 96
- L&T Tax Advantage Invesco India
- Mirae Asset Tax Saver
- DSP Tax Saver Principal Tax Saving Fund
Best Short-Term Mutual Fund 2019
- HDFC Short Term Debt Fund
- ICICI Prudential Short-Term Fund
- Axis Short Term Fund
How to select the best performing mutual funds?
In order to select the best performing mutual fund. An investor must look upon various factors such as:
- Investment objectives:
A mutual fund schemes goal and investing rationale are determined by investment objective. It could include the long-term capital appreciation, regular monthly income or steady returns. Once you have accessed your needs then match it with your needs. Each mutual fund may have different investment goals which could not be may or may not be able to suit your needs. Look carefully which mutual fund to match your investment objective.
- Fund History:
Before investing in any mutual fund, it’s better to access the fund history. A mutual fund history will help you accessing the fund performance, risk and rewards as well as credibility of the mutual fund. It helps you in accessing in the fund long term growth as well as how it has performed during the tough times. A fund with good returns and accuracy helps in determining the accuracy of the investment strategy.
- Fund Manager Performance:
A fund manager is responsible for implementing a fund’s investing strategy and managing its portfolio. Even though the entire investment is process obtained, the fund manager roles becomes quite crucial in decision making. It’s the fund manager who monitor markets, economic trends and track securities to make informed decision. A track record of the fund manager basically tells you how its performance during the course of time was.
- Expense Ratio:
Expense ratio is basically the percentage of asset payable to the fund manager. Its annual fee is in percentage; which fund houses charge for managing your money. So, if an AMC charge a higher expense ratio, which means lower returns. It’s advisable to an investor to choose a lower expense ratio fund.
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*Mutual fund investments are subject to market risks. Please read the scheme information and other related documents carefully before investing.