Mutual funds are one of the best ways to achieve your long-term financial goals. By putting your money into the right funds, you can have a self-desired amount in the future. The fund market is vast. There are so many schemes in which you can invest your money.
But you need to choose the right one to avoid any loss and for maximum profit. So we are going to list some of the top mutual funds to invest in 2018.
Principal Multi-Cap Growth Fund-Direct Plan (G): This scheme is in the Multi-Cap Fund category and it is working well from last quarter. This plan is for those users who want to invest their money for a long time. It is not that consistent but it is safe for long-time investments.
UTI Equity Fund (G): The primary objective of it is to generate long-term policy with the user and give them the maximum benefit from the market. It is an open-ended fund and comes under the Growth Investment Plan. It is a short-term investment plan and is for those users who want to invest their money for short time. It provides a return of 25.7 % in a year.
Axis Equity Fund-Regular Plan (G): It is one of the best funds in the short term category. Those users who seek to invest their money for a short period of time must take a look at this. It provides a return of 24.2 % in a year and has worked consistently in the past.
ICICI Prudential Bluechip Fund-Direct Plan (G): Those people who want to start investing their money in mutual funds with small amount must conclude this one as an option. It provides a return of 15.2% in a year and the best part about it is its minimum investment plan value which is just Rs 100. It is working well in the last few years.
Invesco India Tax Plan - Direct Plan (G): It comes under the short term funds category and provides a return of around 24% in a year. It has a minimum investment amount of Rs 500. This scheme is not that consistent but it provides one of the best returns in a year.
HDFC Short Term Opportunities Fund: This is for long-term investment. It is for those who want to invest their money for a long period of time. It is one of the top ones in this category and provides a return of 5.6% in a year. It provides less return than the other ones but the risk here is very less as compared to the other funds. It is working consistently for the last few years.
Above we have mentioned some of the top funds in 2018 market. So if you want to invest your money, you can choose one of them according to your choice.