Mutual funds have become a popular investment option among Indians, offering a convenient and efficient way to grow wealth over time. With a plethora of mutual funds available in the market, selecting the right ones can be overwhelming. To help investors make informed decisions, we have compiled a list of the top 10 mutual funds in India for 2021.
- Mirae Asset Large Cap Fund: This fund invests primarily in large-cap companies, which are leaders in their respective industries. It has consistently delivered high returns over the years and is ideal for long-term investors.
- Axis Bluechip Fund: This fund invests in blue-chip companies, which have a proven track record of stability and growth. It has a diversified portfolio and is suitable for investors with a moderate risk appetite.
- SBI Magnum Multicap Fund: This fund invests in a mix of large, mid, and small-cap companies, offering diversification across market segments. It has a proven track record of generating consistent returns over the years.
- ICICI Prudential Bluechip Fund: This fund invests in blue-chip companies with a strong market presence and a track record of consistent performance. It is a suitable option for investors looking for stable returns in the long run.
- HDFC Small Cap Fund: This fund invests in small-cap companies that have the potential to grow rapidly. It has a diversified portfolio and offers the potential for high returns, but is suitable for investors with a high-risk appetite.
- Kotak Emerging Equity Fund: This fund invests in emerging companies with a high growth potential. It has a diversified portfolio and is suitable for investors with a long-term investment horizon.
- Axis Midcap Fund: This fund invests in mid-cap companies that have the potential to grow rapidly. It has a proven track record of generating consistent returns over the years and is suitable for investors with a moderate risk appetite.
- Franklin India Smaller Companies Fund: This fund invests in small-cap companies with a high growth potential. It has a diversified portfolio and offers the potential for high returns, but is suitable for investors with a high-risk appetite.
- DSP Midcap Fund: This fund invests in mid-cap companies that have the potential to grow rapidly. It has a proven track record of generating consistent returns over the years and is suitable for investors with a moderate risk appetite.
- Aditya Birla Sun Life Tax Relief 96 Fund: This fund invests in a diversified portfolio of equities and offers tax benefits under Section 80C of the Income Tax Act. It is suitable for investors looking for tax-saving options along with long-term wealth creation.
 conclusion
the selection of mutual funds should be based on your financial goals, risk appetite, and investment horizon. These top 10 mutual funds in India for 2021 offer a range of investment options across market segments and risk profiles. As always, it is advisable to consult a financial advisor before investing in mutual funds.
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Frequently Asked Questions (FAQs)
Q. What are mutual funds?
A mutual fund is a professionally managed investment vehicle that pools money from multiple investors to invest in a diversified portfolio of stocks, bonds, or other securities.
Q. Why invest in mutual funds?
Investing in mutual funds offers several benefits such as professional management, diversification, liquidity, transparency, and convenience. It is a suitable investment option for both new and seasoned investors.
Q. What are the top 10 mutual funds in India for 2021?
The top 10 mutual funds in India for 2021 are Mirae Asset Large Cap Fund, Axis Bluechip Fund, SBI Magnum Multicap Fund, ICICI Prudential Bluechip Fund, HDFC Small Cap Fund, Kotak Emerging Equity Fund, Axis Midcap Fund, Franklin India Smaller Companies Fund, DSP Midcap Fund, and Aditya Birla Sun Life Tax Relief 96 Fund.
Q. How were these mutual funds selected?
These mutual funds were selected based on several factors such as historical performance, asset under management (AUM), investment philosophy, fund manager experience, and expense ratio.
Q. Which mutual fund is suitable for a long-term investment horizon?
Mutual funds such as Mirae Asset Large Cap Fund, SBI Magnum Multicap Fund, and Aditya Birla Sun Life Tax Relief 96 Fund are suitable for long-term investment horizons as they have a proven track record of delivering consistent returns over the years.
Q. Which mutual fund is suitable for a high-risk appetite?
Mutual funds such as HDFC Small Cap Fund, Franklin India Smaller Companies Fund, and Kotak Emerging Equity Fund are suitable for investors with a high-risk appetite as they invest in small and mid-cap companies with high growth potential.
Q. Can I invest in these mutual funds online?
Yes, you can invest in these mutual funds online through various platforms such as the mutual fund company website, online brokers, and investment apps.
Q. Is it advisable to consult a financial advisor before investing in mutual funds?
Yes, it is advisable to consult a financial advisor before investing in mutual funds as they can help you understand your investment goals, risk profile, and recommend suitable mutual funds.
