Every person wants a better and safe future. So, people save their money either in the bank or at home. But these days investing in banks has changed a lot. People want the maximum profit in less amount of time and hence they invest their money in mutual funds.
These funds have high risks but people invest in it, due to the higher profit rates. There are many schemes in the market but we are going to tell you about the top mutual funds to invest your money.
ICICI Prudential Focused Bluechip Equity Fund: This is one of the biggest large sized schemes which has a high focus on companies and has delivered a good return in the past. The best factor about this scheme is its consistency in the past. This scheme provides a return of 14.6% in a year. The second best thing about this mutual fund is that the minimum investment amount is just Rs 100. So, anyone can easily buy them.
Aditya Birla Sun Life Small & Midcap Fund: This scheme is for those who want to invest their money for a long period of time like 7 or 10 years. Small & Midcap funds invest in smaller companies so the risk in investing the money is high but they provide you with the reward at the end. They return around 25.6% in 5 years. So they are best for long-term investment.
Tata Equity PE Fund: It is also from one of the most consistent funds in the market. If you want to invest your money for a smaller period of time as compared to Small & Midcap funds, then it is a good option for you. This scheme has provided a return of 17% in the past three years and 27% in the past five years. They are best for those who want to invest their money around three to five years.
SBI Nifty Index Fund: This is a short-term fund with a high risk. It provides passive investments in the stock present in the Nifty index. It is good for short-time investments. It provides around 17.9% return in a year. If you want to invest your money for a short period of time, this fund is an option for you.
L&T Tax Advantage Fund: It is another mutual fund for long-term investment. It is for those investors who want to invest their money for a long period of time. It is working well for the last few years and is quite consistent. It provides around 21.5% return in 5 years.
UTI Equity Fund-Direct Plan (G): This one of the best short-term fund in the market. It provides a return of around 25.3 % in a year. It has worked well in the past and is consistent too. So it is good for those people who want to invest their money for a short period of time.
So these are some of the top Mutual Funds investment plans. If you want to invest your money you can choose one of them. They all have a very good impression on the market!