Mutual funds can be advantageous for investors that do not wish to buy individual stocks. Mutual funds are a popular option for stock investors who don’t have the time to properly monitor the stock market. Mutual funds are broken down into asset types, including gold, debt, as well as equities. Then, there are many subcategories for every one of these asset classes.
The biggest advantage of using a mutual fund would be that it gives investors access to expertly managed portfolio diversification of stocks, bonds, as well as other instruments that would be challenging to develop with a limited amount of investment capital.
The top five mutual funds in India over the last five years that have generated the best results are presented in this blog.
Performance during the previous five years of the highest ranking mutual funds in India
- Axis Blue Chip Fund Direct-Growth: The best return mutual fund during the previous five years was the axis blue-chip fund plan, an equity mutual fund programme introduced by Axis mutual fund. By investing in a diverse portfolio primarily made up of equities as well as equity-related instruments of bigger-size businesses, the scheme seeks to provide long-term capital growth.
- Blue-chip equities fund direct – growth from Canara Robeco: The Canara Robeco mutual fund introduced the Canara Robeco blue-chip – equity fund, which is well recognized as the mutual fund with the best possible result over the past five years. The fund primarily invests in businesses with substantial market capitalizations in an effort to provide capital gain.
The name of the investment plan, which primarily concentrates on a strategy that would invest in one of the topmost150 stocks listed according to market capitalization, is intended to reflect this. The Canada Robeco Large Cap funds are called to reflect this strategy.
- PGIM India MidCap Opportunity Fund Direct-Growth: An equity mutual fund programme called the PGIM India MidCap opportunity fund direct – growth was introduced first by PGIM Indian mutual fund. The programme primarily invests in equity as well as equity-related securities of Midcap firms in order to generate long-term price appreciation.
- The Parag Parikh Flexi Cap Fund: An equity mutual funds programme called the Parag Parikh Flexi cap fund was introduced through PPFAS Mutual Fund. The scheme invests largely in equities as well as instruments that relate to equity in order to generate long-term investment returns.
- Growth-oriented SBI small-cap growth fund: SBI Mutual Funds introduced the equity mutual fund programme known as SBI Small-Cap Funds Direct Tax Growth. The plan invests primarily in a broadly diversified basket of equities of small cap firms in order to give investors chances for long-term capital growth in addition to the flexibility of an open-ended plan.
Conclusion
The five top mutual funds over the previous five years are listed above. To sum up, mutual funds are a great place for investors to commence whether they want exposure to the securities or commodities markets. Returns should not, however, be the sole factor taken into account before choosing a category as well as a subcategory.
Gold, debt, as well as equity are all assets kinds with different purposes. The pursuit of returns might or might not result in an investment which does not match your needs.
