Mutual funds are the ideal most way to attract higher returns and wealth for the investors. It is a suitable way to sit back relaxed and earn the best you can. Mutual funds are attractive due to the high rewards attached to it. The conventional way of investment in FDs, PPF & NSC will no more pull investors and may also diminish in their existence completely. The mutual funds are about the risk-rewards trade off. With the technology shift, mutual funds have also gone online and can be easily accessed.
Considerations to Choose the Best Mutual Fund
- Objective for Investment – It is crucial to understand the objective of your investment i.e. regular returns or high capital value.
- Past History – The past performance talks about the quality of a mutual fund type. So evaluation on the basis of the past is important.
- Fund Type – Determination of the fund type into Equity, Debt or Hybrid is again an important consideration. The difference between an established and new fund house makes all the difference.
- Expense Ratio– Higher expense ratios and exit loads decrease payout benefits even if little.
Top 10 Mutual Funds: – MyMoneyStore
ICICI Prudential Focused Bluechip Equity Fund
The ICICI Prudential Focused Bluechip Equity Fund is aimed at stocks with a superb track record of high returns and low volatility.
Franklin India Prima Plus Fund
Franklin India Prima Plus Fund is in the market for the last 20 years for its consistent returns and reliability.
ICICI Prudential Value Discovery Fund
This is the best multi-cap equity funds, wherein the companies currently trading at a discount are compared to their intrinsic value and are expected to have incomparable growth
DSP BlackRock Opportunities Fund
This multi-cap equity fund, invests in equities and equity-related schemes with primary focus on capital appreciation over a long time period. Income generation and dividend distribution follows up next.
Axis Long Term Equity
Axis Long Term Equity Fund concentrates on a sustainable business model and robust growth potential with equities.
DSP BlackRock Tax Saver
DSP BlackRock Tax Saver Fund is a conservative ELSS ideally for risk fearing investors of ELSS. From mid and small cap, it has expanded to a sizeable large cap investments.
ICICI Prudential Corporate Bond Fund
ICICI Prudential Corporate Bond is a credit based debt investment, with its main focus on debt and money market investments. These have enhanced liquidity, maximizing the investors’ income too.
Franklin India Ultra Short Bond Fund – Super Institutional Plan
The Franklin India Ultra Short Bond Fund – Super Institutional Plan focuses on a mix of debt and money market instruments that ensures high liquidity. This is a super short term debt fund with high quality securities.
Reliance Dynamic Bond Fund
Reliance is a dynamic bond debt fund, with the target on different debt and debt based instruments. Also this is good for the regular income and capital appreciation per se. by investments made into various debt instruments as well as debt-based securities.
Birla Sun Life Short Term Fund
Birla Sun Life Short Term Fund is a premier debt offering from one of India’s largest fund houses. This fund specifically invests in the money market as well as debt securities.
Also Read : ONLINE MUTUAL FUNDS: MAKE YOUR INVESTMENT SAFE