If you are looking for one of the most secure and best investment option which offers you long-term wealth creations then mutual funds are the best option. The very fruitful mutual funds give you the option of getting high returns while avoiding tax payment at the same time.
One of the best things about mutual funds is that you can put money in this magical investment option at point of your life without worrying about savings and without even having lots of money. This is what makes mutual funds or what is popularly known as equity funds more popular than other investment options in India. The evolution of internet has also played a major role in promoting mutual funds since the digital world as allowed people to invest more easily and know about the features of different investment option with desired transparency.
But with more power comes more responsibility and that’s why with thousands of mutual funds investment options, sometimes it becomes quite difficult to choose the best one and that’s why we have compiled a list of top 10 best mutual funds in India 2019 so that you can narrow down your search and avoid wasting time on useless options.
Birla SL Frontline Equity Fund
Consistent performance is the key to successful investment in the mutual fund and that’s why with a brilliant track record of over 15 years, the Birla SL Frontline Equity Fund is a great option for investors. It gives you the opportunity to invest in some of the most fruitful industries like FMCS, Oil and Gas, IT, etc. It is basically an investment plan with a minimum investment of Rs. 5,000 and exit load of 1.0%. The NAV of the plan as of 20th March, 2019 is 223.85.
ICICI Pru Bluechip Inst I-G
This brilliant mutual fund investment option by ICICI is well-known in the market for following the contrarian style of investment. Most of the advisors and investors will suggest you to opt for ICICI Pru Bluechip Inst I-G because of its high return scale. With investment in this mutual fund plan of ICICI, you surely will be able to surpass your expectations from the plan and get unimaginable returns. The minimum investment in this plan is Rs. 500 and the NAV of the plan as of 20th March, 2019 is 46.14.
HDFC Mid-Cap Opportunities Fund
If you are looking to avoid the uneven ride in your investment during an odd phase while getting a good return from your investment then the HDFC Mid-Cap Opportunities Fund can be your best option. Currently, this brilliant plan invests almost 56% of its corpus in various mid-sized organizations. By investing in this opportunistic mutual fund plan, you surely will be able to surpass your expectations from mutual fund and get unimaginable returns on your investment. The minimum investment in this mutual fund scheme is Rs.5,000 and the NAV of the plan as of 20th March, 2019 is 54.664.
DSP Micro Cap Fund
The DSP Micro Cap Fund is also a good option for people who are looking to invest securely in mutual funds. This amazing mutual fund plan invests almost 65% of its corpus into small-cap stocks and hold investment strategy. But the USP of this mutual which makes it so much popular among investors is its low Portfolio turnover ratio, which is at 13%. It is also categorized in investment plan which was launched on 4th May, 2007. The asset size as of 31st March 2017 is 4,258.41 and the minimum investment required in it is Rs.5,000.
Axis Long Term Equity Fund
You can consider the Axis Long Term Equity Fund Plan as a flexi-cap fund offering tax benefit as well. This secure and fruitful mutual fund plan from Axis is very popular because of the high rate of security and easy to understand terms. This amazing mutual fund plan was launched on 21st December, 2009 and it also falls in the category of investment plan with a minimum investment of Rs.500.
SBI Magnum Medium Duration Fund
SBI is one of the trusted names among investors and that’s why the SBI Magnum Medium Duration Fund-Growth is a good option for mutual fund investors. The NAV of the scheme as of 20th March, 2019 is 32.1733 and it is also categorized undergrowth with a 7.13 % return in 1 year, 9.12% return in 3 years and 10.07% return in 5 years.
Reliance Guilt Securities Fund
Another good option of mutual fund investment which is popular among investors for its security and high return is Reliance Guilt Securities Fund Direct Growth. It is also a growth type mutual fund and the NAV of the scheme as of 20th March, 2019 is 24.6462. The return in this case of mutual fund after 5 years is among the highest returns as after 5 years, you get 11.57% return while after 1 and 3 years, you get, 10.88 and 10.34 respectively.
Edelweiss Arbitrage Fund
The Edeelweiss Arbitrage Fund Direct Growth was launched on 27th June 2014 and it is still one of the most admired mutual fund options among investors. The minimum investment required in this mutual fund is Rs.5,000 and the NAV as of 20th March 2019 is 13.6801. Upon the completion of the 3rd year, the investor gets a return of 6.82%.
Kotak Low duration Fund Standard
Kotak is also one of the most trusted names in the banking sector and that’s why people prefer the Kotak Low Duration Fund Standard when it comes to mutual fund investment. The NAV of this mutual fund scheme as of 20th March, 2019 is 2279.2941 and at the end of the 5th year, the investors gets a return of 8.51%.
Canara Robeco Emerging Equities Fund
The NAV of Canara Robeco Emerging Equities Fund as of 20th March, 2019 is 92.89. The first year return in this mutual fund is 4.56%, 3rd year return is 2.25% and the 5th year return is 0.39%. The minimum investment required in this mutual fund is Rs.5, 000.
So, this is the complete list of some of the best mutual funds which we have compiled in order to ease your task of filtering the wide array of mutual fund options available in the market. Go through the list and choose the best one according to your need and requirement.
Very nice post and you explained it very well.
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