Many folks step into the stock market, dreaming of quick wealth. Yet, they soon see the need for risk management, emotional steadiness, and wise stock selection to grow their capital. While mastering these elements is possible with a good plan and patience, not everyone has the time for this journey. Mutual Funds offer a simpler path for such individuals. If you’re a newbie investor or just curious, here’s a list of the top ten best Mutual Funds in India along with their objectives.
Our experts have curated the list below, without any specific order:
10 Best Mutual Funds in India
IDFC Focused Equity Fund – Regular Plan (G)
This fund has consistently earned a 5-star rating from CRISIL, making it a worthy addition to your investment portfolio. It’s an open-ended fund benchmarked against Nifty 50, majorly invested in the banking, oil/gas, and automotive sectors.
The scheme aims to boost long-term capital growth by spotting stable and low-risk investment opportunities.
ICICI Prudential Long Term Equity Fund
Well-regarded in the financial sphere, this fund has shown solid percentage returns over both 3-year and 5-year periods.
Aditya Birla Sun Life Top 100-(G)
Targeting medium to long-term capital growth, this scheme diversifies its investments across a range of large cap and mid cap securities.
Franklin India Bluechip Fund (D)
This scheme seeks growth by investing in the stocks of top-notch companies, especially those with a solid track record.
Aditya Birla SL Frontline Equity Fund (D)
With a focus on long-term capital growth, this scheme maintains a portfolio with a 100% equity target, diversified across various sectors.
Kotak Classic Equity – Direct (G)
This scheme spreads its capital across a wide array of equity and related instruments. It targets stocks of fundamentally sound yet undervalued companies.
SBI Blue Chip Fund – Direct (G)
Identifying the least market capitalized stock as listed in the BSE 100 index, this scheme focuses on companies with a market capitalization equal to or above the specified figure.
Invesco India Dynamic Equity Fund (G)
Aiming for better capital growth, this fund invests in equity and related instruments of companies across various market caps. It maintains a 2% to 10% exposure on a single stock.
ICICI Pru Focused Bluechip Equity Direct (G)
Following a strategy of investing in large-cap companies, specifically the top 20 among the leading 200 stocks as listed on the NSE, this fund bases its analysis on market cap.
The list above showcases some of the finest mutual funds in India. With the rising availability of mutual funds, investors now have many options. Yet, careful decision-making is crucial. It’s wise to check the background, past returns, and CRISIL rating of mutual funds before investing.