Mutual funds are a suitable way of investment in equity markets, if you are not risk averse. Mutual fund investment can be either in the form of systematic investment plan(SIP) or lump sum investment. Investment in mutual fund also saves you tax.
Choosing the best mutual fund can be a tough task. This depends on factors like portfolio allocation, market fluctuations, fund managers and fund house rules. Here we list top 10 mutual funds you can invest in 2016-2017.
7. HDFC Mid cap opportunities Fund
HDFC mid cap opportunities fund is a small and mid-cap fund equity sponsored by housing development finance corporation ltd. and standard life investments ltd. Fund manager is Chirac setalvad and it was established in 2000.Minimum investment is Rs. 5000.Expense ratio is 2.14%.
6. Mirae Asset emerging blue chip
Mirae Asset emerging blue chip is a mid and small cap equity fund which wants to invest in shares not part of top 100 stocks and have market capitalization of around Rs.100 crores at the time of investment. Sponsored by mirae asset Global investments Co Ltd. Fund manager is Neeleshsurana. The exit load information 2% on or before 6 months. Minimum investment is Rs.5000
Expense ratio is 2.37%.
5. PPFAS Long-term value
PPFAS Long term value is also known as paragparikh long-term value fund. It is a diversified equity scheme. 65% of its corpus should be invested in listed Indian equities. The domestic area is managed by Rajeev Thakkar, and foreign by Raunakomkar. Raj Mehta handles the fixed income part. If a person wants to make a profit and is in for a long term (5 yrs.) this plan is suitable for you. Sponsored by parag Parikh financial services ltd. Minimum investment is Rs.1000 and expense ratio is 2.8%.
4. UTI MNC Fund
UTI MNC Fund is an open-end equity fund launched with the intent to invest in large cap and mid cap multinational companies in various sectors. It was launched in 1998.The fund manager is Swati Kulkarni. The fund has outperformed benchmarks CNX MNC index. The fund has most investments in non-consumer durables, Pharmaceutical and automobiles sectors. The fund has good risk parameters. Expense ratio is 2.60%.
3. Franklin India Prima Plus
Franklin India Prima Plus is an open-end equity fund that invests mostly in large cap and some small/middle caps with growth potential. Franklin India Prima Plus focusses on long-term profits and provides growth of capital as well as regular dividends. Ananda Radhakrishnan, Janakiramanrengaraju and srikeshkarunakaran rai are the fund managers. Franklin India Prima Plus comes under diversified equity and was launched in 1994.Minimum investment is Rs.5000.
2. Birla sun life frontline equity fund
This scheme started on August 30, 2002 and has a record of accomplishment of 14 yrs. Birla SL scheme is large cap equity. Birla SL invests in promising companies across different sectors including Finance, IT, oil and Gas etc. The scheme focuses on benchmark S&P BSE 200, to reduce the reliability on a particular sector and giving stability to the investor’s portfolio. The sponsor is Aditya Birla Nuvo limited and Sun Life India. Fund manager is Mahesh Patil.The exit load information is 1% on or before 1 yr. In addition, nil after 1 yr. Minimum investment is Rs.1000.SIP initial investment is Rs.1000 and expense ratio is 2.21%.
1. ICICI pru focused blue chip
This is an open-ended large cap equity scheme, which invests in the portfolio of leading blue chip companies. Blue chip companies have shown stable growth and hence minimize the risk for investors. Suitable for people who are interested in long-term investment with low risk. Fund manager is Manish Gunwani and is sponsored by ICICI bank India with a minimum investment of Rs. 5000.Expense ratio is 2.16%.
We hope you found this article informative and helpful. Here we listed Top growing mutual funds to invest in India. Everyone has different requirements regarding Mutual funds, so choose the one which best fits you.