5 Best Mutual Funds to Invest in India 2017

Top 5 Best Mutual Fund Plans to Invest in India in 2017

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Mutual Funds are in limelight these days for providing the best investment options for the long-term creation of wealth. It is one of the best decisions to incur returns while avoiding tax payments at the same time. Also, known as Equity Funds, the mutual funds are more popular because people of any and every and from all walks of life can invest on it easily. Moreover, the internet, booming these days, makes it easier for the investors to take an advantage by investing in mutual funds and make extra earnings.   

The availability of more than thousands of Mutual Funds in the market has made it a daunting task to select the best plan to suit your requirement, budget and preferences. Remember, you’ll end up to pay for a lifetime if select a wrong one. Therefore, investing in best mutual fund schemes, which have been considered as best MF Plans and performing well within the time-frame, is advisable. However, you can consider investing in the below top equity funds in India, for a handsome return, but yes only if you can invest minimum 5 years of time.

Best MF Plans in India: Category-Wise

You can refer the below table of top-performing mutual fund schemes for investing in 2017:

Mutual Fund Plan Name

Category

Commencing year

Return (%)

Risk Level

Return

3 year

5 year

10 year

Since Initiated

ICICI Pru Focused Bluechip Fund

Large Cap

2008

16

16

NA

14

Below Average

Above Average

SBI Bluechip Fund

Large Cap

2006

20

19

10

11

Low

High

Birla SL Frontline Equity Fund

Large Cap

2002

17

18

13

22

Below Average

Above Average

ICICI Pru Value Discovery Fund

Diversified

2004

27

24

16

22

Below Average

High

L & T Value Fund

Diversified

2010

31

25

NA

16

Below Average

Above Average

Franklin Prima Plus Fund

Diversified

1994

21

18

13

19

Low

Above Average

UTI Mid-cap Fund

Mid Cap

2004

31

26

14

19

Average

Above Average

Franklin India Prima Fund

Mid Cap

1993

19

26

14

21

Below Average

Average

HDFC Mid-cap Opportunities Fund

Mid Cap

2007

30

25

NA

17

Below Average

Above Average

DSP Micro Cap Fund

Small Cap

2007

44

30

NA

18

Average

High

SBI Small & Mid Cap

Small Cap

2009

40

29

NA

19

Below Average

Above Average

Franklin Smaller Companies Fund

Small Cap

2006

34

31

15

15

Low

Average

Birla SL Tax Plan

ELSS/Tax Saving

1999

21

19

10

20

Below Average

Above Average

Franklin Taxshield Fund

 

ELSS/Tax Saving

1999

21

18

14

24

Low

Average

Axis Long Term Equity Fund

ELSS/Tax Saving

2009

22

22

NA

17

Low

High

SBI Balanced Fund

Equity-Balanced

1995

19

19

11

16

Below Average

Above Average

HDFC Balanced Fund

Equity-Balanced

2000

21

18

14

16

Below Average

Above Average

 

Let’s take a look at some more details of the trending MF Schemes in India under each of the fund categories:

Large-cap Fund

  • UTI Equity Fund
  • Birla Sunlife Frontline Equity Fund
  • ICICI Pru Focused Blue-chip Equity Fund

Multi-cap Category

  • ICICI Prudential Value Discovery Fund
  • Franklin India Prima Plus
  • Mirae Asset India Opportunities Fund

Small & Mid-cap Fund Category

  • HDFC Midcap
  • Franklin India Smaller Companies Fund
  • UTI Midcap

Hybrid- Equity Oriented Category

  • TATA Balanced Fund
  • HDFC Balanced
  • ICICI Prudential Balanced Fund (Regular Plan)

ELSS/Tax Saving Category

  • Birla Sunlife Tax Plan
  • Axis Long Term Equity Fund
  • Franklin India Tax Shield

Top Mutual Fund Options For Investors in India in 2016-17

Let’s get acquainted to some of the best mutual fund options for investors looking to invest in India in 2016-17.

Birla SL Frontline Equity Fund (Large-cap Fun Category)

With a track record of over 15 years, Birla SL Frontline Equity Fund has been one of the most consistent performers, which gives your investments a needed nourishment by investing in some of the growing Indian industries such as Finance, FMCG, Oil & Gas, IT etc. and ensures good returns. This plan is best for those who are seeking long-term capital growth in equity.

You will be surprised to know that this mutual fund scheme helps you with long-term growth of your investment. Let’s understand scheme details.

Fund Type

Open-Ended

Investment Plan

Growth

Launch date

Aug 30, 2002

Benchmark

S&P BSE 200

Asset Size (Rs cr)

11,877.82 (Mar-31-2017)

Minimum Investment

Rs. 5,000

Entry Load

N.A

Exit Load

1.00%

 

Now let’s look at table below to understand the NAV (returns) of Birla SL Frontline Equity Fund as on 13 Jun, 2017.

Returns (NAV)

Period

Returns

Absolute Returns (in %)

1 month

1.30%

Year

Qtr 1

Qtr 2

Qtr 3

Qtr 4

Yearly

3 month

8.20%

2017

13

-

-

-

-

6 month

17.90%

2016

-2.5

8.9

6.1

-7.4

7

12 months

22.10%

2015

4.1

-1.3

-3.9

0.3

0.9

24 months

13.50%

2014

6.9

18.4

4.9

8.3

44.5

36 months

14.20%

2013

-5.6

2.1

-1.4

11.3

8.3

60 months

19.90%

2012

13.9

0.5

9.8

6.9

36.2

 

ICICI Prudential Value Discovery Fund (Multi-cap Category)

Famous for following the contrarian style of investing, this plan is quite famous among the investors or the advisors for its high return scale. It aims to generate returns by investing in stocks with attractive estimations.

Let’s understand the scheme details of this popular open-ended diversified equity scheme.

Fund Type

Open-Ended

Investment Plan

Growth

Launch date

Mar 04, 2004

Benchmark

NIFTY MIDCAP 100

Asset Size (Rs cr)

14,011.22 (Mar-31-2017)

Minimum Investment

Rs. 500

Entry Load

N.A

Exit Load

1.00%

Now, let’s look at the NAV (Return) value of ICICI Prudential Value Discovery Fund as on June 13th, 2017.

Returns (NAV)

Period

Returns

Absolute Returns (in %)

1 month

-0.80%

Year

Qtr 1

Qtr 2

Qtr 3

Qtr 4

Annual

3 month

5%

2017

9.8

-

-

-

-

6 month

11.20%

2016

-5.1

9.8

3.2

-5.8

3.9

12 months

16.50%

2015

5.5

-2

-2.4

1.4

5.1

24 months

10%

2014

10

31.7

9.4

8.5

72.6

36 months

15.30%

2013

-7.6

-5.2

1.2

17.6

7.1

60 months

23%

2012

22.1

0.1

8.2

5.9

45.4

 

HDFC Mid-cap Opportunities Fund (Mid-cap Category)

HDFC Mid-cap Opportunities Fund can be an apt choice for those who are looking for an investment plan, which can endure the uneven rides during an odd phase and also can generate long-term capital appreciation. It currently invests 56% of its corpus in various mid-sized organisations.

Let’s understand the scheme details of HDFC Mid-cap Opportunities Fund.

Fund Type

Open-Ended

Investment Plan

Growth

Launch date

May 07, 2007

Benchmark

NIFTY MIDCAP 100

Asset Size (Rs cr)

12,753.08 (Mar-31-2017)

Minimum Investment

Rs. 5,000

Entry Load

N.A

Exit Load

1.00%

 

 

 

Now, let’s look at the NAV (Return) value of the scheme as on June 13th, 2017.

Returns(NAV)

Period

Returns

Absolute Returns (in %)

1 month

-0.50%

Year

Qtr 1

Qtr 2

Qtr 3

Qtr 4

Annual

3 month

10.60%

2017

16.7

-

-

-

-

6 month

20%

2016

-5.7

10.6

12

-8

10.6

12 months

34.55%

2015

1.4

-0.5

-0.2

2.2

5.4

24 months

20.10%

2014

9.7

29.8

8.9

13

76

36 months

23%

2013

-8.3

-1.1

-4.4

21.6

8.7

60 months

27.20%

2012

23

-2.1

9.6

4.3

40

 

 

DSP Micro Cap Fund (Small-cap Category)

DSP Micro Cao Fund invests around 65% of its corpus in small cap stocks and follows buy and hold investment strategy. It is familiar for having very low Portfolio Turnover ratio, which is at 13%.

Let’s understand the scheme details of DSP Micro Cap Fund.

Fund Type

Open-Ended

Investment Plan

Growth

Launch date

May 04, 2007

Benchmark

S&P BSE SMALLCAP

Asset Size (Rs cr)

4,258.41 (Mar-31-2017)

Minimum Investment

Rs. 5,000

Entry Load

N.A

Exit Load

1.00%

 

Now, let’s look at the NAV (Return) value of the scheme as on June 13th, 2017.

Returns (NAV)

Period

Returns

Absolute Returns (in %)

1 month

0.60%

Year

Qtr 1

Qtr 2

Qtr 3

Qtr 4

Annual

3 month

13.30%

2017

15.6

-

-

-

-

6 month

23.30%

2016

-8.2

15.9

7.4

-4.9

11.8

12 months

36%

2015

7.1

-1.2

3.3

5.8

19.3

24 months

28.10%

2014

9

36.6

16.1

16.1

99.7

36 months

34.30%

2013

-15.8

-0.7

-4.5

24.9

3.2

60 months

32.80%

2012

20

0.4

9.6

4.5

40.6

 

Axis Long Term Equity Fund (ELSS/Tax Saving Category)

This plan also can be treated as a flexi-cap fund, which offers tax benefits. It has a low-risk level and high return at the end.

Let’s understand the scheme details of Axis Long Term Equity Fund.

Fund Type

Open-Ended

Investment Plan

Growth

Launch date

Dec 21, 2009

Benchmark

S&P BSE 200

Asset Size (Rs cr)

10,675.84 (Mar-31-2017)

Minimum Investment

Rs. 500

Entry Load

N.A

Exit Load

0.00%

 

Now, let’s look at the NAV (Return) value of the scheme as on June 13th, 2017.

Returns (NAV)

Period

Returns

Absolute Returns (in %)

1 month

2.60%

Year

Qtr 1

Qtr 2

Qtr 3

Qtr 4

Annual

3 month

12.40%

2017

13.3

-

-

-

-

6 month

20.10%

2016

-5.2

8

5

-9.9

-1.2

12 months

21%

2015

7.7

-2.4

-1.1

-

6.2

24 months

12.70%

2014

10.8

20.8

11.6

10.9

65.9

36 months

18.50%

2013

-5.1

4.7

-1.7

16.3

15.8

60 months

24.50%

2012

13.2

1.3

11

3.2

34

 

Things to Remember While Investing in Mutual Funds:

  • Go with Your Goals: First, identify your financial goals and then short-list best available plan.
  • Ignore Age Factor: The best part of equity funds is each and every and from all walks of life can invest here. If they are up to the mark to your investment objectives then, you can opt even if you are a senior citizen.
  • Explore Different Categories:  Rather stick to one, it is advisable to keep exploring other fund categories as well and invest in them.
  • Go for Long-term Volatility: It is quite obvious that an investor may panic if he/she sees downfall or negative returns on his MF Portfolio. But we suggest not to panic and stick to the medium or long-term equity oriented mutual fund that you have invested in.
  • Always Prefer Consistency: A good mutual fund plan is one that consistently manages to break the category return. It is always wise to be with the consistent performers for long-term and ignore the recent rating performance of the funds.
  • Limit Your Expectations: Don’t go beyond the realistic expectation. If you analyse the above table, the maximum return that draws in 10 years is 16% and the minimum is 10%. So, always have a realistic expectation which should be between 12 to 15 (%).

Well, adding to its unexpected nature, the values/returns of the mutual fund always tend to frequent change. So, the above mention list of MF Plan is not the comprehensive one. The previous performance may not repeat. But again, as patience always pays, investing in mutual funds is a good decision but in an efficient manner. 

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