Top Performing Mutual Funds to Invest in India
The crowd of mutual fund investors is enlarging extremely. The love to make money has been already the greatest greed of people, but as more awareness spread among the people about mutual fund investments, they’ve found a perfect way to achieve their love.
However, the herd is extremely large if we talk about the mutual fund investors, and the shocking fact is that majority of them are unaware of the whereabouts of the market. They don’t even bother that for them motor-cycle and the market-cycle makes no difference as per the terminology. However, in order to fill in this gap, the investment advisors and the experts are doing a great job! Yes, with their help, this entire herd has managed to move in the correct path to their investment journey. No matter, still the difference between the two aforesaid words make no sense to them.
If you too are among the ones who rely on the expert’s decisions for investment purpose and keep browsing for the top mutual funds, then here are some of the top performing mutual fund schemes that has showcased excellent performance in the past.
Top Performing Mutual Fund Schemes:
- DSP BlackRock Tax Saver Fund: The reason to mention DSP BlackRock Tax Saver Fund at the top is because of the season that is currently going on. We’re not talking about the winter, but the tax season. Yes, almost all the investors are currently scouting for the best ELSS schemes that could help them avail deduction from Income Tax and also provide them with healthy growth in their investment. So, this scheme of DSP Mutual Fund is one of the best ELSS funds that has tracked a wonderful record of providing healthy benefits to the investors. If you are willing to avail tax benefits of up to Rs. 1.5 lakh under section 80 C of the Income Tax Act of India, 1961, then this scheme can help you to avail that benefits. Let’s check the investment details of this fund:
DSP BlackRock Tax Saver Fund: Investment Details
- ICICI Prudential Balanced Fund: This scheme of ICICI Prudential Mutual Fund was launched in the year, 1999, and belongs from the category of equity-oriented hybrid schemes. It’s highly targeted towards attaining a balanced investment approach for the capital of the investors by deploying them in the portfolio mix of equities and debts. Being an equity-oriented hybrid scheme, it majorly invests in the stocks of the companies which totals to an amount of 67.66 % of its entire assets. The rest of the portion it deploys in the securities and money market instruments to get current income option for the investors. The past 10 years’ performance of ICICI Prudential Balanced Fund scheme shows that how excellently it has provided growth in the long term. In short, this scheme is a must-have in your portfolio if you don’t have any balanced scheme. Let’s check the investment details of this scheme to know more:
ICICI Prudential Balanced Fund: Investment Details
- SBI Magnum Multicap Fund: One more scheme that has provided healthy growth to the capital of the investment is SBI Magnum Multicap Fund. The past five years’ performance of this scheme has shown an excellent growth in the the capital. Moreover, it has also managed to provide promising returns to the investors in the long term. It was launched in the year 2005, and has recorded return since launch at 13.88%. Being a multi-cap fund, it is able to maintain a stability between the risk and return occurs when you invest in a particular sized stocks category, be it mid-cap, small-cap, or large-cap specific. This multi-cap fund diversifies your capital into various stocks to attain a safer approach to equity growth and returns. Thus, you must have a look at the investment details and trailing returns of this scheme:
SBI Magnum Multicap Fund: Investment Details
Henceforth, the above mentioned three mutual fund schemes are among the best performers from the point of view of the experts at MySIPonline. But these are not the only ones, there are a lot more, which can suit to your investment objectives. So, check them all today to start reaping the benefits of investment as early as possible. Register yourself at our portal and start exploring the new enhanced way of investing in mutual fund scheme, our support team will help you at each point where you stuck in your way.