The following list of top mutual funds will assist you in investing your money wisely. The best mutual fund has been mentioned in each type of mutual funds. These mutual funds are performing exceptionally over a consistent period of time. For a lucrative return, consider any of these top mutual funds in India.
Large Cap Equity Funds
ICICI Prudential Top 100 Fund–This mutual fund invests 95% of the capital in the equities and the rest in debt and money market instruments. For the past 5 years, ICICI Prudential Top 100 Fund generated 17% annualized returns.
Diversified Equity Funds
Birla Sun Life Equity Funds–These funds generally invest the amount in particular industries, such as pharmaceuticals, biotechnology, and so on. These may be situated in diverse regions like South America, Asia, and so on.
Small and Mid-Cap Equity Funds
Birla Sun Life Small & Midcap Fund – Small and Mid-Cap mutual funds invest in small and medium-sized companies. The market capitalization of these companies ranges between $2 billion to $10 billion.
Thematic – Infrastructure Funds
DSP BlackRock Natural Resources and New Energy Fund – Thematic Funds are generally invested in a particular niche, theme, or sector. Hence, it is called Thematic Funds.
Equity Linked Savings Scheme (ELSS)
DSP BlackRock Tax Saver Fund – If you want to avail tax benefits, you can invest in ELSS. These funds are diversified, open-ended equity funds. DSP BlackRock Tax Saver Fund trumps over all other competitors.
Index Funds
Kotak Nifty ETF – Index Funds work on the basis of the market index such as S&P 500 or Bombay Stock Exchange, and so on.
Balanced Funds
ICICI Prudential Balanced Fund – This fund invests in equities, fixed income and money market instruments. 60% amount is invested in equities and the remaining in debt instruments.
Monthly Income Plan – Aggressive
Birla Sun Life MIP II – Wealth 25 Plan – If you are considering about stable income, you should opt for Aggressive Monthly Plans. It offers a predetermined monthly return on your investment.
Long Term Gilt Funds
Reliance Gilt Securities Fund – If you are a person who averse risks, you should invest in these funds. These invest the principal in government securities offering long-term benefits.
Income Funds
Canara Robeco Dynamic Bond Fund – These function similar to the fixed deposit scheme. Your money is invested in long-term money market instruments.
Short Term Income Funds
IDFC Money Manager Fund – Investment Plan – This is similar to the Income funds. The only difference is that the principal is invested in short-term money market instruments.
Credit Opportunities Funds
Franklin India Low Duration Fund – These funds work to generate high returns by investing in low-credit-rated funds. Franklin India Low Duration Funds tops in this category.
Ultra Short-term Debt Funds
DHFL Pramerica Short Term Floating Rate Fund – These type of funds generate a fixed income on the investment. The principal is invested in money market instruments that are generally liquid. The maturity period is also short term.
Liquid Funds
Indiabulls Liquid Fund – Again, these funds invest money in short-term money market instruments like government securities and treasury bills. The maturity period is up to 91 days.
