Top Performing Mutual Funds in India 2021
Mutual funds have become an increasingly popular investment option in India due to their potential to provide high returns while managing risks. With a wide range of mutual funds available in the market, it can be difficult for investors to choose the right fund to invest in. In this blog, we will discuss the top performing mutual funds in India in 2021, categorized by different types of funds.
Equity Funds
Equity funds are mutual funds that invest in stocks or shares of companies. These funds are high-risk, high-return investments that are ideal for investors with a long-term investment horizon.
- Axis Bluechip Fund
Axis Bluechip Fund is a large-cap equity fund that invests in blue-chip companies. The fund has delivered a return of 24.64% in the last year, making it one of the top performing equity funds in India.
- ICICI Prudential Bluechip Fund
ICICI Prudential Bluechip Fund is another large-cap equity fund that invests in blue-chip companies. The fund has delivered a return of 21.16% in the last year, making it a popular choice among investors.
- SBI Magnum Multicap Fund
SBI Magnum Multicap Fund is a multicap equity fund that invests in companies across different market capitalizations. The fund has delivered a return of 42.16% in the last year, making it one of the top-performing equity funds in India.
Debt Funds
Debt funds are mutual funds that invest in fixed-income securities such as government bonds, corporate bonds, and money market instruments. These funds are low-risk, low-return investments that are ideal for investors with a short-term investment horizon.
- HDFC Corporate Bond Fund
HDFC Corporate Bond Fund is a debt fund that invests in high-quality corporate bonds. The fund has delivered a return of 8.06% in the last year, making it one of the top performing debt funds in India.
- ICICI Prudential Medium Term Bond Fund
ICICI Prudential Medium Term Bond Fund is a debt fund that invests in high-quality medium-term bonds. The fund has delivered a return of 8.61% in the last year, making it a popular choice among investors.
- Aditya Birla Sun Life Banking & PSU Debt Fund
Aditya Birla Sun Life Banking & PSU Debt Fund is a debt fund that invests in debt instruments issued by banks and public sector undertakings. The fund has delivered a return of 8.17% in the last year, making it one of the top-performing debt funds in India.
Hybrid Funds
Hybrid funds are mutual funds that invest in a mix of equity and debt instruments. These funds offer a balanced investment approach that aims to provide stable returns with moderate risk.
- Mirae Asset Hybrid Equity Fund
Mirae Asset Hybrid Equity Fund is a hybrid fund that invests in both equity and debt instruments. The fund has delivered a return of 38.23% in the last year, making it one of the top-performing hybrid funds in India.
- ICICI Prudential Equity & Debt Fund
ICICI Prudential Equity & Debt Fund is a hybrid fund that invests in a mix of equity and debt instruments. The fund has delivered a return of 26.62% in the last year, making it a popular choice among investors.
- Aditya Birla Sun Life Balanced Advantage Fund
Aditya Birla Sun Life Balanced Advantage Fund is a hybrid fund that invests in a mix of equity and debt instruments.
Index Funds
Index funds are mutual funds that track a market index, such as the Nifty 50 or the Sensex. These funds are designed to replicate the performance of the index they track.
- UTI Nifty Index Fund
UTI Nifty Index Fund is an index fund that tracks the performance of the Nifty 50 index. The fund has delivered a return of 25.12% in the last year, making it one of the top-performing index funds in India.
- ICICI Prudential Nifty Index Fund
ICICI Prudential Nifty Index Fund is another index fund that tracks the performance of the Nifty 50 index. The fund has delivered a return of 24.93% in the last year, making it a popular choice among investors.
- Axis Nifty 100 Index Fund
Axis Nifty 100 Index Fund is an index fund that tracks the performance of the Nifty 100 index. The fund has delivered a return of 24.74% in the last year, making it one of the top-performing index funds in India.
Sector Funds
Sector funds are mutual funds that invest in a specific sector of the economy, such as banking, technology, or healthcare. These funds can provide high returns but also come with higher risk.
- SBI Healthcare Opportunities Fund
SBI Healthcare Opportunities Fund is a sector fund that invests in companies in the healthcare sector. The fund has delivered a return of 62.15% in the last year, making it one of the top-performing sector funds in India.
- Aditya Birla Sun Life Digital India Fund
Aditya Birla Sun Life Digital India Fund is a sector fund that invests in companies in the technology sector. The fund has delivered a return of 56.86% in the last year, making it a popular choice among investors.
- UTI Transportation and Logistics Fund
UTI Transportation and Logistics Fund is a sector fund that invests in companies in the transportation and logistics sector. The fund has delivered a return of 49.51% in the last year, making it one of the top-performing sector funds in India.
Conclusion
These are some of the top-performing mutual funds in India in 2021. It is important to note that past performance is not a guarantee of future returns and investors should conduct their own research before investing in any mutual fund. It is also recommended to consult with a financial advisor before making any investment decisions. Investing in mutual funds can be a great way to grow your wealth over time, but it is important to choose the right fund based on your investment goals, risk tolerance, and investment horizon.
Read more useful content:
- How to invest in mutual funds
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- All about mutual funds-types & importance
- The Power of SIP Investment in Mutual Funds
Frequently Asked Questions (FAQs)
What is a mutual fund?
A mutual fund is a type of investment vehicle where investors pool their money to invest in a portfolio of securities, such as stocks, bonds, and money market instruments, managed by a professional fund manager.
How do mutual funds work?
Mutual funds pool money from multiple investors and invest in a diversified portfolio of securities. The returns from the investments are then distributed among the investors in proportion to their investment in the fund.
What are the different types of mutual funds?
There are different types of mutual funds, including equity funds, debt funds, hybrid funds, index funds, sector funds, and international funds.
What is the minimum investment required to invest in a mutual fund?
The minimum investment required to invest in a mutual fund varies from fund to fund, but it can be as low as Rs. 500 for some funds.
How do I invest in a mutual fund?
You can invest in a mutual fund through a broker or a mutual fund distributor, or you can invest directly through the fund’s website.
What is the expense ratio of a mutual fund?
The expense ratio of a mutual fund is the fee charged by the fund manager to manage the fund. It includes the fund’s administrative costs, management fees, and other expenses.
What is NAV?
NAV stands for Net Asset Value. It is the value of a mutual fund’s assets minus its liabilities. It is the price at which investors can buy or sell units of the fund.
What is SIP?
SIP stands for Systematic Investment Plan. It is a way of investing in a mutual fund by investing a fixed amount at regular intervals, such as monthly or quarterly.
What is STP?
STP stands for Systematic Transfer Plan. It is a way of transferring a fixed amount from one mutual fund to another mutual fund at regular intervals.
What are the risks associated with investing in mutual funds?
Investing in mutual funds involves risks, such as market risk, credit risk, interest rate risk, and inflation risk. The value of the investments can go up or down depending on market conditions and other factors, and past performance is not a guarantee of future returns. It is important to understand the risks associated with investing in mutual funds before making any investment decisions.
