One of the most well-liked types of investments is mutual funds. They are overseen by professionals known as fund managers who work hard to select securities with the potential to provide large returns. Those who do not want to take on the dangers involved with investing directly in stocks can also turn to mutual funds as an option. The top mutual funds will provide you with larger and more reliable returns on your investment.
1. Canara Robeco Bluechip Equity Fund
The Equity – Large Cap Fund Canara Robeco Bluechip Equity Fund is a part of the Canara Robeco Mutual Fund family. It was introduced on January 1, 2013, and as of right now, it has an AUM of 8,672.96 crores. The fund’s investment goal is to generate capital appreciation by primarily investing in businesses with significant market capitalizations. S&P BSE 100 – TRI serves as the primary index and S&P BSE SENSEX serves as the secondary index for benchmarking Canara Robeco Bluechip Equity Fund.
The fund has exposure to HDFC Bank Ltd., which is one of its top three holdings, and Vishal Mishra and Shridatta Bhandwaldar oversee the Canara Robeco Bluechip Equity Fund.
SIP Minimum Investment: Rs. 1,000
STP Minimum Investment: rs.1000
2. Axis Bluechip Fund Direct Plan-Growth
Very high-risk, Equity-based fund type. With more than 72% of its holdings in large-cap companies, this fund invests 87.41% of its corpus in equity. Additionally, 12.7% of its exposure is to debt securities. In terms of sectoral distribution, financial services have the highest weighting of nearly 43%.ICICI Bank Ltd., HDFC Bank Ltd., and Bajaj Finance Ltd. are three of the 40 stocks currently included in the portfolio. It is regarded as one of the top mutual funds to invest in for the long term based on historical performance and development potential:
NAV: 46.93 AUM: 35,197.66 billion rupees
The ratio of expenses: 0.56%
Annualized return over one year: -4.0%
3.-year compound yearly return: 10.8%
Return over five years: 12.1%
Rs. 100 is the minimum investment amount (SIP).
Investment minimum (lumpsum): 500
3. Growth Nifty 50 Index Fund from ICICI Prudential
An equity fund is ICICI Prudential Nifty 50 Index Plan Direct-Growth. Long-term inflation may be outperformed by the fund. As of 24-03-2023, the NAV for ICICI Prudential Nifty 50 Index Plan Direct-Growth is 173.3853.
With 3977 Cr in assets under management as of January 31, 2023, ICICI Prudential Nifty 50 Index Plan Direct-Growth has more assets under management than the industry standard. The cost ratio for the fund is 0.16%. An open-ended index-linked growth strategy that invests in a selection of equities from the Nifty 50’s components in an effort to replicate the results of that index. The goal of the Scheme is to invest in firms whose securities are listed on the Nifty index and susceptible to tracking flaws in an effort to closely match the results of the aforementioned index. In order to achieve this, investments in nearly all of the stocks that make up the Nifty 50 would be made at a weighted average rate.
4. SBI Technology Opportunities Fund Direct-Growth
A sectoral-technology mutual fund product offered by SBI Mutual Fund is called SBI Technology Opportunities Fund Direct-Growth. This fund was established on January 1, 2013, making it ten years and two months old. SBI Technology Opportunities Fund Direct-Growth is a medium-sized fund in its category with assets under management (AUM) of 2,862 Crores as of December 31, 2022. The fund’s expense ratio of 0.87% is comparable to that of the majority of other sectoral technology funds. It has generated returns of 20.30% on average annually since launch. The fund has doubled the cash invested in it every three years.
The SBI Technological Opportunities Fund Direct-Growth plan has a consistency of return that is comparable to the majority of funds in its class. It has a mediocre ability to limit losses in a down market.
Most of the money in the fund is allocated to the technology, services, and communication sectors. Compared to other funds in the category, it has taken less exposure in the technology and services sectors.
Infosys Ltd, Tata Consultancy Services Ltd, Bharti Airtel Ltd, Nifty 50, and HCL Technologies Ltd. are the top 5 holdings of the fund.
5. Development of the Aditya Birla Sun Life Medium-Term Direct Plan
Aditya Birla Sun Life Medium Term Direct Plan-Growth is an Aditya Birla Sun Life Mutual Fund Medium Duration mutual fund product. This fund was established on January 1, 2013, making it ten years and two months old. Aditya Birla Sun Life Medium Term Direct Plan-Growth is a medium-sized fund in its category, with assets under management (AUM) as of 31/12/2022 totalling 1,652 Crores. The fund charges an expense ratio that is higher than what the majority of other Medium Duration funds do, at 0.86%.
The 1-year growth returns for the Aditya Birla Sun Life Medium Term Direct Plan are 22.08%. It has generated returns of 9.54% on average per year since launch. Every nine years, the fund has doubled the amount invested in it.
The Sun Life Medium Term Direct Plan-Growth scheme has a consistency of return that is comparable to the majority of funds in its class. In a declining market, it has a high degree of loss control.
Because of its poor credit history, the fund has lent money to borrowers of average calibre. Since the majority of funds in this category lend to better borrowers, this fund has a higher default risk than others in the category.
The top holdings of the fund are Shriram Finance Ltd., Bharti Hexacom Ltd., Mahindra Rural Housing Finance Ltd., State Bank of India, and National Bank for Agriculture & Rural Development.
6. ICICI Prudential Equity & Debt Fund Direct-Growth
The aggressive hybrid mutual fund strategy from Icici Prudential Mutual Fund is called ICICI Prudential Equity & Debt Fund Direct-Growth. After being established on January 1, 2013, this fund has been around for 10 years and two months. ICICI Prudential Equity & Debt Fund Direct-Growth is a medium-sized fund in its category with assets under management (AUM) of 21.233 Crores as of December 31, 2022. The fund’s expense ratio of 1.2% is greater than what the majority of other aggressive hybrid funds levies. Currently, the fund is allocated 74.6 per cent to equity and 22.2 per cent to debt.
The 1-year direct growth returns on the ICICI Prudential Equity & Debt Fund are 5.48%. It has generated average annual returns of 15.98% since launch. Every three years, the investment in the fund has doubled.
The ability of the ICICI Prudential Equity & Debt Fund Direct-Growth scheme to consistently deliver returns is higher than that of the majority of funds in its category. In a declining market, it has a high degree of loss control.
The equity portion of the fund invests primarily in the financial, energy, automotive, technology, and communication sectors. In comparison to other funds in the category, it has invested less in the financial and energy industries.
The debt portion of the fund has a low credit quality, which indicates that the borrowers to whom it has lent money are not of very high calibre.
The top five investments made by the fund are ICICI Bank Ltd., Bharti Airtel Ltd., Oil & Natural Gas Corp. Ltd., Infosys Ltd., and GOI.
7. Tata Digital India Fund Direct-Growth
A sectoral-technology mutual fund product offered by Tata Mutual Fund is the Tata Digital India Fund Direct-Growth. Since being introduced on April 12, 2015, this fund has been around for seven years and three months. Tata Digital India Fund Direct-Growth is a medium-sized fund in its category with assets under management (AUM) as of December 31, 2022, totalling 6,766 Crores. The fund charges a lower expense ratio—0.31%—than the majority of other sectoral technology funds.
In the past year, the direct growth returns for the Tata Digital India Fund have been -18.46%. It has generated average annual returns of 18.75% since launch. The investment in the fund has quadrupled every three years.
The Tata Digital India Fund Direct-Growth scheme’s capacity to generate returns on a continuous basis is comparable to that of the majority of funds in its class. In a down market, it performs better than average at reducing losses.
The areas of technology, communication, services, finance, and capital goods are where the fund has the majority of its investments. Compared to other funds in the category, it has taken less exposure in the technology and communication sectors.
The top 5 holdings of the fund are Infosys Ltd., Tata Consultancy Services Ltd., HCL Technologies Ltd., LTIMindtree Ltd., and Bharti Airtel Ltd.
8. Strategy for ICICI Prudential Credit Risk Fund’s Future Growth
A Credit Risk mutual fund product offered by Icici Prudential Mutual Fund is the ICICI Prudential Credit Risk Fund Direct Plan-Growth. This fund was established on January 1, 2013, making it ten years and two months old. ICICI Prudential Credit Risk Fund Direct Plan-Growth is a medium-sized fund in its category with assets under management (AUM) as of 31/12/2022 of 7,584 Crores. The fund’s expense ratio is 0.88 per cent, which is about average for Credit Risk funds.
The 1-year growth returns for the ICICI Prudential Credit Risk Fund Direct Plan are 6.02%. It has generated returns of 8.91% on average every year since the start. The amount invested in the fund has quadrupled every nine years.
The ability to deliver returns consistently is higher for the ICICI Prudential Credit Risk Fund Direct Plan-Growth scheme than for the majority of funds in its class. It has a strong ability to limit losses in a market that is falling.
The fund’s poor credit history indicates that it has lent to borrowers of average quality. The default risk in this fund is greater than the category average since the majority of funds in this category lend to stronger borrowers.
The GOI, Reserve Bank of India, Avanse Financial Services Ltd, Macrotech Developers Ltd, and Prestige Estates Projects Ltd. are the fund’s top holdings.
9. Growth of the Quant Small Cap Fund Direct Plan
A small-cap mutual fund product offered by Quant Mutual Fund is the Quant Small Cap Fund Direct Plan-Growth. Since being established on January 1, 2013, this fund has been around for 10 years and two months. Quant Small Cap Fund Direct Plan-Growth is a medium-sized fund in its category with 3,302 Crores in assets under management (AUM) as of December 31, 2022. The fund has an expense ratio of 0.62%, which is less than what most other Small Cap funds charge.
Returns on growth for the last year under the Quant Small Cap Fund Direct Plan are 5.38%. It has generated returns of 15.17% on average per year since launch. The fund’s investment has quadrupled every three years.
The Quant Small Cap Fund Direct Plan-Growth plan has a better consistency of return than other funds in its class. It has a strong ability to limit losses in a market that is falling.
The Consumer Staples, Financial, Metals & Mining, Services, and Construction sectors hold the majority of the fund’s investments. Compared to other funds in the category, it has taken less exposure in the consumer goods and financial sectors.
The top five investments in the fund are ITC Ltd., Jindal Stainless Ltd., RBL Bank Ltd., IRB Infrastructure Developers Ltd., and Reliance Industries Ltd.
10. Growing Axis Small Cap Fund
Axis Mutual Fund’s Axis Small Cap Fund Direct-Growth is a small-cap mutual fund program. This fund was established on November 11, 2013, therefore it has been around for nine years and four months. Axis Small Cap Fund Direct-Growth is a medium-sized fund in its category with assets under management (AUM) of 11,463 Crores as of December 31, 2022. The fund’s cost ratio, which is lower than that of the majority of other Small Cap funds, is 0.54%.
The 1-year returns for Axis Small Cap Fund Direct-Growth are 1.94%. It has generated returns of 22.88% on average every year since the start. The money invested in the fund has tripled every three years.
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Compared to other funds in its category, the Axis Small Cap Fund Direct-Growth plan has a lower consistency of return delivery. It performs below average when it comes to managing losses in a down market.
The financial, healthcare, technology, capital goods, and financial sectors comprise the majority of the fund’s holdings. Compared to other funds in the category, it has invested less in the Chemicals and Finance industries.
The top 5 holdings of the fund are Brigade Enterprises Ltd., Galaxy Surfactants Ltd., Fine Organic Industries Ltd., CCL Products (India) Ltd., and Narayana Hrudayalaya Ltd.
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