Mutual funds are one of the most popular investment options in India. With a wide range of mutual fund schemes available in the market, choosing the right one can be a daunting task. However, investing in the right mutual fund can help you achieve your financial goals. In this blog, we will discuss the top performing mutual funds in India that have consistently delivered superior returns over the years.
- Mirae Asset Large Cap Fund: Mirae Asset Large Cap Fund is a top-performing mutual fund in India with an AUM (Assets Under Management) of over Rs. 20,000 crores. It has consistently delivered superior returns over the past five years and has outperformed its benchmark index. The fund primarily invests in large-cap stocks, with a focus on quality and growth-oriented companies.
- Axis Bluechip Fund: Axis Bluechip Fund is another top-performing mutual fund in India, with an AUM of over Rs. 28,000 crores. The fund invests in blue-chip companies with a strong track record of performance and a proven ability to generate wealth over the long term. The fund has consistently outperformed its benchmark index and has delivered superior returns to its investors.
- SBI Small Cap Fund: SBI Small Cap Fund is a top-performing mutual fund in the small-cap category, with an AUM of over Rs. 12,000 crores. The fund has consistently delivered superior returns over the past five years and has outperformed its benchmark index. The fund invests in small-cap companies with a strong potential for growth, and its portfolio is well-diversified across various sectors.
- HDFC Mid-Cap Opportunities Fund: HDFC Mid-Cap Opportunities Fund is a top-performing mutual fund in the mid-cap category, with an AUM of over Rs. 26,000 crores. The fund primarily invests in mid-cap companies with a strong track record of performance and a proven ability to generate wealth over the long term. The fund has consistently outperformed its benchmark index and has delivered superior returns to its investors.
- ICICI Prudential Technology Fund: ICICI Prudential Technology Fund is a top-performing mutual fund in the technology category, with an AUM of over Rs. 1,400 crores. The fund invests in companies that are primarily engaged in the technology sector, such as software, hardware, and telecommunications. The fund has consistently delivered superior returns over the past five years and has outperformed its benchmark index.
Conclusion
Investing in mutual funds can be an excellent way to achieve your financial goals. However, it is important to choose the right mutual fund that aligns with your investment objectives and risk profile. The above-mentioned mutual funds have consistently delivered superior returns over the years and have outperformed their benchmark indices. Before investing in any mutual fund, it is advisable to consult a financial advisor who can guide you through the investment process and help you make informed decisions.
Read more useful content:
- How to invest in mutual funds
- Best Technology Mutual Funds
- All about mutual funds-types & importance
- The Power of SIP Investment in Mutual Funds
Frequently Asked Questions (FAQs)
Q. What are mutual funds, and how do they work?
A mutual fund is a pool of money collected from various investors to invest in various financial instruments such as stocks, bonds, or other securities. The fund is managed by a professional fund manager who invests the money in various financial instruments to achieve the fund’s investment objectives.
Q. What are top-performing mutual funds in India?
Top-performing mutual funds in India are those that have consistently delivered superior returns to their investors over a period of time. Some of the top-performing mutual funds in India are Mirae Asset Large Cap Fund, Axis Bluechip Fund, SBI Small Cap Fund, HDFC Mid-Cap Opportunities Fund, and ICICI Prudential Technology Fund.
Q. What is the significance of a mutual fund’s AUM?
The AUM or Assets Under Management of a mutual fund represents the total market value of all the assets managed by the fund. It is an important indicator of the fund’s popularity and success in the market.
Q. Should I invest in only the top-performing mutual funds?
No, it is not advisable to invest in only the top-performing mutual funds. It is essential to diversify your investments across various mutual fund categories and schemes to minimize the risk and maximize the returns.
Q. What factors should I consider before investing in a mutual fund?
Before investing in a mutual fund, it is important to consider various factors such as your investment objective, risk tolerance, fund manager’s experience and track record, expense ratio, fund performance, and the fund’s investment strategy.
Q. How do I invest in mutual funds in India?
You can invest in mutual funds in India through various channels such as online platforms, mutual fund distributors, or directly through the fund house’s website. You will need to complete the KYC (Know Your Customer) process before investing in any mutual fund.
Q. Can I redeem my mutual fund units anytime?
Yes, you can redeem your mutual fund units anytime. However, it is advisable to hold on to your investments for a longer period to maximize your returns. Some mutual funds may have an exit load if you redeem your units before a certain period, which may vary depending on the fund’s terms and conditions.
Q. Is there any guarantee on mutual fund returns?
No, there is no guarantee on mutual fund returns as they are subject to market risks. The returns on mutual funds may vary depending on various factors such as market conditions, economic trends, and the performance of the fund’s underlying assets.
