Different investors prefer different risks – some are comfortable with high risks & high returns, others with moderate and then there are those who don’t believe in taking risks. You also have another genre of investors – the tax-saving ones who make investments only because they want to save taxes.
There are various parameters which help investors understand the ideal /best mutual funds that should be invested in.
These include:
The 3 notable small and mid-cap mutual funds include:
The 3 best Equity Linked Saving schemes:
The 3 best Balanced Mutual Funds:
There are various parameters which help investors understand the ideal /best mutual funds that should be invested in.
These include:
- The performance of a mutual fund – Performance across different intervals of e.g. 1, 3 and 5 years will help you, the investor to make the correct selection of funds. Ideally, the funds which offer ‘above average returns’ should be the right ones
- Risk – Mutual funds accompanied with high but controlled risks should be preferred over the extremely risky ones
- Fund Manager – These experts serve as the ultimate anchor to your investors. Always take refuge in a Fund Manager with an impeccable performance record. Such a person will take care of your investments during the worst contingencies of the economy
- Portfolio – If a portfolio managed by a Fund Manager depicts a good mix of large and mid-cap industries with positive past results and consistent yields, it speaks volumes about the skills of the Fund Manager as well
- Star rating – Fund Houses offer this rating and a good rating can guide you in the right direction
- CRISIL rating – This is based on the liquidity, asset size & quality, concentration and the risk-adjusted returns of the said fund/s
- Franklin India Prima Plus - One of the oldest mutual funds in India (launched in 1994), it has a proven record of a very steady performance. Its Fund House is globally renowned and they have earned a goodwill for their unique manner of making investments.
- UTI Equity Fund – Launched in 1992, this Find has always offered good returns
- SBI Bluechip Fund – Has showcased a remarkable progress in the last 5 years
The 3 notable small and mid-cap mutual funds include:
- Birla Sun Life MNC Fund Growth
- Franklin India Smaller Companies Fund Growth
- SBI Small & Midcap Fund
The 3 best Equity Linked Saving schemes:
- Axis Long Term Equity Growth
- Birla Sun Life Tax Plan Growth
- DSP BlackRock Tax Saver Fund
The 3 best Balanced Mutual Funds:
- HDFC Balanced Fund
- Franklin India Balanced Fund
- ICICI Prudential Balanced Advantage Fund