Mutual funds have become a popular investment option in India, providing investors with an opportunity to diversify their portfolio and achieve higher returns. With so many mutual fund schemes available in the market, it can be overwhelming for investors to choose the right one. In this blog, we will discuss the top performing mutual funds in India, based on their historical performance and current market trends.
- Mirae Asset Large Cap Fund The Mirae Asset Large Cap Fund is one of the best performing mutual funds in India, with a 3-year and 5-year return of 17.6% and 14.7%, respectively. The fund primarily invests in large-cap companies with a strong market presence, making it a safe investment option for investors who are risk-averse.
- Axis Bluechip Fund The Axis Bluechip Fund is another top-performing mutual fund in India, with a 3-year and 5-year return of 15.3% and 14.3%, respectively. The fund invests in blue-chip companies that have a strong market presence, providing investors with a steady stream of returns over the long term.
- ICICI Prudential Equity & Debt Fund The ICICI Prudential Equity & Debt Fund is a hybrid mutual fund that invests in a combination of equity and debt instruments. The fund has a 3-year and 5-year return of 14.4% and 12.2%, respectively, making it a good investment option for investors who want to balance their risk and returns.
- SBI Focused Equity Fund The SBI Focused Equity Fund is a focused mutual fund that invests in a concentrated portfolio of high-quality companies with a strong market presence. The fund has a 3-year and 5-year return of 15.6% and 12.6%, respectively, making it a top-performing mutual fund in India.
- HDFC Small Cap Fund The HDFC Small Cap Fund is a top-performing mutual fund in India, with a 3-year and 5-year return of 21.5% and 20.2%, respectively. The fund invests in small-cap companies that have the potential to grow at a faster pace than their large-cap counterparts, making it a good investment option for investors who are willing to take on higher risk.
In conclusion
The above-mentioned mutual funds have delivered consistent returns over the years, making them the best performing mutual funds in India. However, investors should keep in mind that past performance is not a guarantee of future returns, and they should do their own research and consult a financial advisor before investing in any mutual fund.
Read more useful content:
- How to invest in mutual funds
- All about mutual funds-types & importance
- The Power of SIP Investment in Mutual Funds
Frequently Asked Questions (FAQs)
Q: What are the best performing mutual funds in India?
A: The best performing mutual funds in India vary based on various factors, such as market trends and economic conditions. However, some of the top-performing mutual funds in India include Mirae Asset Large Cap Fund, Axis Bluechip Fund, ICICI Prudential Equity & Debt Fund, SBI Focused Equity Fund, and HDFC Small Cap Fund.
Q: How do I choose the best mutual fund for me?
A: Choosing the best mutual fund for you depends on your investment goals, risk tolerance, and financial situation. It is recommended that you research and analyze the mutual fund’s historical performance, management, expenses, and portfolio holdings before investing.
Q: Are mutual funds a safe investment option?
A: Mutual funds are generally considered a safe investment option, as they invest in a diversified portfolio of securities. However, like any investment, there are risks associated with mutual funds, and the returns may vary depending on market conditions.
Q: What is the minimum investment amount for mutual funds?
A: The minimum investment amount for mutual funds in India can vary based on the mutual fund scheme and the fund house. It can range from as low as Rs. 100 to as high as Rs. 5,000.
Q: Can I invest in mutual funds online?
A: Yes, you can invest in mutual funds online through various platforms offered by fund houses or third-party distributors. These platforms offer a convenient and hassle-free way to invest in mutual funds.
Q: Can I redeem my investment in mutual funds anytime?
A: Yes, you can redeem your investment in mutual funds anytime, subject to the mutual fund’s redemption policies. However, it is recommended that you hold your investments for a longer period to reap the benefits of compounding returns.
Q: Is it necessary to have a demat account to invest in mutual funds?
A: No, it is not necessary to have a demat account to invest in mutual funds. You can invest in mutual funds through a mutual fund distributor or an online platform offered by a fund house.
