There has been an increased awareness about the benefits and returns on mutual fund schemes over the last couple of years. Mutual funds are professionally managed investment schemes that help investors increase their wealth. They are controlled by an Asset Management Company which collects funds from a group of investors and invests the amount into bonds, stocks and securities. The biggest advantage of mutual fund is the benefit of diversification which reduces the risk and balances returns. We list out the top 10 mutual funds with high returning rate.
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ICICI Prudential Focused Bluechip Equity Fund: The equity fund invests mainly into stocks and has a strong track record of returns and low volatility. It invests into large cap funds which are most valuable and less volatile. Its strong performance is expected to continue in the coming year as well.
DSP BlackRock Opportunities Fund: The multicap equity fund invests in equity and equity related scheme. Its main objective is capital appreciation over the long term and the secondary objective is income generation. The fund has outperformed equity funds with a traditional approach and a diversified portfolio. The scheme is one of the top rated mutual fund schemes in the country.
Franklin India Prima Plus Fund: This fund has been around for more than 20 years and is the epitome of consistency. It has outperformed not only its benchmark but also its peers in the category. It focuses on companies with potentially high future returns and has a large cap exposure of more than 75%. It has a track record of consistent returns over the medium and long term.
ICICI Prudential Value Discovery Fund: An investor’s favorite, the ICICI Prudential Value Discovery Fund focuses on companies that are currently trading at a discount as compared to its intrinsic value. It picks companies that have exceptional future growth potential. Its ROI is significantly ahead of others in the category.
DSP BlackRock Tax Saver: This fund was earlier considered conservative for risk averse investors of ELSS. The tax saver mutual fund has a large cap exposure and its previous performance is a good indicator of its future performance.
Axis Long Term Equity: This fund has carved a niche for itself in the industry. The fund has shown consistent performance since its launch and has the ability to control losses during bear run. It focuses on equity related schemes of companies that offer a sustainable business model and a strong potential for growth.
ICICI Prudential Corporate Bond Fund: This fund focuses on debt and money market instruments. They include investments of different maturity so as to ensure a reliable degree of liquidity for the scheme. It is ahead of its peers in terms of capital appreciation and income generation. It also offers an optimum degree of safety on the amount invested.
Birla Sun Life Short Term Fund: This is a debt fund for short term investment. The fund provides capital appreciation and current income to the investors. It invests into AAA credit rating debt instruments and Sovereign instruments that are safest in the market.
Franklin India Ultra Short Bond Fund: This fund invests in a mix of money market instruments and debt which provide a higher level of liquidity to the investors. It is an ultra-short term fund with a maturity period of 180 days.
Reliance Dynamic Bond Fund: The fund has been around for more than a decade and has a strong performance record. It focuses on the generation of regular income of investors and providing capital appreciation in the long run.
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