Best Mutual Funds in India

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Whether an individual wants to do systematic investment planning for a short term, medium term or long term, mutual funds are the best alternative to achieve these investment goals. In order to achieve your future goal one can select from various options of mutual fund and can opt the plan according to one’s own needs a requirement. Having mutual funds in India that best suits your needs helps you to have a steady flow of income, achieve a specific life goal or grow the capital.

To help our readers know which mutual funds best suits their needs here we have discussed some of the best mutual funds to invest in India 2019.

Best Mutual Funds to Invest in India 2019

Fund Name

1st Year Return

3rd Year Return

Axis Bluechip Fund

9.87%

15.77%

Mirae Asset India Equity Fund

9.55%

17.49%

Reliance Large Cap Fund

9.65%

16.79%

Canara Robeco Bluechip Equity Fund

7.83%

14.54%

ICICI Pru Multicap Fund

7.21%

14.80%

Kotak Standard Multicap Fund

7.45%

16.80%

UTI Equity Fund

4.33%

13.04%

HDFC Small Cap Fund

-7.35%

19.63%

Axis Bluechip Fund

This is an open-ended equity large cap fund. The main objective of this fund option is to provide a long-term capital return by investing in a diversified portfolio which majorly consists of equity and equity-related securities.  This plan option is best suitable for an individual who has a higher risk appetite and wants to gain a profitable return of investment over a long-term period.

The scheme has outperformed in the market in the past 3-5 years and has an impressive track record. With a return on 14.86% in last 7 years, Axis Bluechip fund focuses investment in large-cap companies.

Mirae Asset India Equity Fund

This is an open-ended equity scheme which aims to provide long-term capital growth by investing majorly in equity and equity related instruments. The scheme provides flexibility to invest across different sectors, themes & investment style, and market capitalization.

In the past 3-5 years, the fund has outperformed in the market by providing returns of 13.9%-21.9%. This fund option is best suitable for individuals who have a medium to high-risk appetite and wants to accumulate wealth over a long-term period.

Reliance-Large Cap Fund

This is an open-ended large-cap equity fund, which objective is to generate long-term capital growth by investing majorly in equity and equity-related securities of large-cap companies. This scheme also aims at providing regular returns by investing in debt and money market securities. This plan is best suitable for individuals who have a high-medium risk appetite and wants to create wealth over a long-term period along with regular returns on investment.

Canara Robeco Bluechip Equity Fund

This is an open-ended equity scheme which makes an investment in large-cap companies. The scheme aims to provide capital growth by majorly investing in companies which have a large market capitalization and equity and equity-related instrument. Under this scheme, option returns are taxed at 15% if the investors make withdrawals before the completion of 1 year. This plan is best suitable for individuals who want to create a financial cushion in the long-term and wants to gain a lucrative return on investment.

ICICI Prudential Multicap Fund

This is an open-ended equity scheme, which the main objective is to create capital growth by majorly investing in equity and equity-related securities of large-cap, mid-cap, and small-cap companies. The plan provides flexibility to the investors to invest across different sectors and has continuously outperformed in the past 3-5 years. This scheme is best suitable for individuals who have a low-medium risk appetite and offers a profitable return on investment over a long-term period.

Kotak Standard Multicap Fund

The main objective of Kotak Standard Multicap Fund is to accumulate capital over a long-term period by investing majorly in equity and equity-related securities. The scheme majorly focuses on multi-cap companies and offers a medium return of investment to the investors. This plan is best suitable for individuals who have a medium to high-risk appetite and who want to make an investment for 3-4 years.  The plan provides higher returns on investment and helps the investors to achieve the financial objectives of life.

UTI Equity Fund

UTI equity fund is an open-ended fund option in which the investment is majorly made in equity and equity-related securities.  UTI equity fund has 97.77% investment in Indian stocks of which 66.97% in a large-cap fund, 24.57% in the mid-cap fund and 6.23% in the small-cap fund. This plan is suitable for investors who want to make an investment for 3-4 years and are looking for a higher return on investment. The investors who have a moderate to high-risk appetite should consider investing in UTI equity fund.

HDFC Small Cap Fund

HDFC small-cap fund is an open-ended fund option in which the investment is majorly done in equity and equity-related securities of small-cap companies. The scheme aims to provide long-term capital growth and a regular flow of income to the investors. HDFC small-cap fund is ranked no 1 in the category of the small cap by crisil. The fund has 87.96% investment in India stocks of which 5.17% in a large-cap fund, 17.64% in the mid-cap fund and 62.98% in the small-cap fund. This plan is suitable for investors who are looking for a high return on investment and want to invest for at least 3-4 years.

Concluding

So these are some of the best mutual fund schemes to invest in India 2019. However, before investing in these fund options it is important to do a proper research about the performance of the funds. Moreover, the investors should evaluate their long-term and short-term financial goals of life before making any investment.