Here’re the Top Recommendations of Mutual Funds Post Budget 2018
The dampened emotions of the investors on the Dalal Street can be easily predicted after the announcement of Union Budget 2018. The reflection of it was experienced in the benchmark equity indices; leaving drip in BSE Sensex and Nifty in just three sessions post Budget announcement.
Despite all the uproar including LTCG tax opposition and frenzied selling right after the introduction, equity mutual funds remain the best option for the wealth creation. Experts suggest that it is the time of the decent market correction which will only affect the non-quality large-cap stocks. Thus, the Sensex dip has made it an ideal time to invest in large quality caps as well as good performing mid-cap funds. Further, people with surplus funds and with a time-frame of two to three years can also use this time to increase their allocation in equities.
Go through the list of the best recommended mutual fund schemes in which you can plan your investment in this time of the year.
- DSP Black Rock Small & Mid Cap Fund
This one is an open-ended equity growth scheme which particularly seeks long-term capital appreciation through a substantial portfolio. It majorly invests in equity and equity-related securities that do not fall part of top 100 stocks defined by market capitalization.
With a NAV of Rs. 54.753 as on February 5, 2018, and assets under management of worth Rs. 5,476 crores, the return stream has been quite impressive soaring up to 16.94%, 15.76%, and 23.31% for a one year, three years, and five years investment period, respectively.
- Aditya Birla Sun Life Pure Value Fund (G)
This fund of Aditya Birla Sunlife Mutual fund can be considered as a star performer in the mid-cap category that is earning modest CRISIL ratings. Having a strong back of an entire research team which is geared to digging up the best investment opportunities spanning multiple industry sectors, this mutual fund of ABSL MF aims at magnifying the growth prospects for its clients.
With a NAV of Rs. 63.25 as on February 5, 2018, and the assets vested in it for Rs. 2,778 crores as on December 31, 2017, the return stream has reached the skyline of 30.69%, 18.16%, and 28.46% in a one year, three years, and five years investment time, respectively.
- Mirae Asset Emerging Bluechip Fund
This is an open-ended mid cap fund which provides multiple benefits to its investors including harvesting of superior benefits through investment and exposure to thriving medium-sized companies who have great potential to dominate the future market.
Its NAV stood at Rs. 49.784 as recorded on February 5, 2018, and its AUM was Rs. 5,364 crores as on December 31, 2017. It has reaped returns as high as 26.15%, 20.02%, and 29.59% over a one year, two years, and five years investment period, respectively. Besides, it has beaten its market benchmarks.
- Reliance Top 200 Fund-Retail Plan
Being an open-ended equity scheme of the diversified large cap fund family, it primarily invests in companies whose market stake is in the range of the highest & lowest market share of S&P BSE 200. It endeavors to place the funds of its customers in the leaders or potential leaders that have tight business models and sustainable free cash flows.
Currently, the NAV of this scheme is Rs. 33.16 as on February 5, 2018, and held assets under its belt of worth Rs. 7,170 crores as on December 31, 2017. The fund yielded handsome returns shooting up to 27.55%, 10.65%, and 18.13% over a one year, three years, and five years investment period, respectively.
- Aditya Birla Sun Life Top 100 Fund
It is an open-ended growth scheme that aims to achieve medium to long-term capital appreciation by creating a diversified portfolio through major placements of the capital in equity and equity-related securities of top 100 companies that are optimized on the basis of their market capitalization.
With its NAV standing at Rs. 57.97 as on February 5, 2018, and assets under its grip of worth Rs. 3,930 crores as on December 31, 2017, this fund has successfully provided lucrative returns of 18.79%, 9.67%, and 17.56% in an investment period of one year, three years, and five years, respectively.
The current correction that you can see in the Indian equity space is largely owing to the correction in global markets. At this time of the decent market correction, use the opportunity to include the best funds in your portfolio. It is especially suggested to our mutual fund investors that they should strictly ignore all the disruptions around them, and focus on their financial goals, risk appetite, and asset allocation.
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