Best Mutual Funds
Mutual Funds Investment is one of the easiest ways to grow one’s wealth. It not only offers a money holder exposure to the money market but also helps one to save taxes under Section 80C of the Income Tax Act,1961. A person holding a considerable amount of disposable cash may opt for the lumpsum investments in Mutual Funds. However, it is extremely essential to choose the right Mutual Funds in order to abate the risks involved in such investments. For this purpose, a lumpsum calculator is highly recommended to analyse the best scheme. One can access a lumpsum calculator easily through smartphones.
A lumpsum calculator tells the estimated future value of investment made today at the current interest rate.
Although all mutual funds offer better returns than other forms of investments, the performance may vary. The benefits of mutual funds far outweigh the liabilities. However, the first thing should be convincing self for such investments. After all, every investment in the money market involves risks.
As per the expert analysis, the top 10 performing mutual funds for lumpsum investments are given below:
ICICI Prudential Bluechip Fund Direct
The fund aims to generate a long-term appreciation of capital with a comparatively low expense ratio. It consists of equity-related securities of around 20 companies taking a large-cap space. The expense ratio is 1.21% and the exit load amounts to 1% if redeemed before completion of 1 year. It excels consistent performance over a period of time.
Reliance Large Cap Fund – Direct
The long-term investment enthusiasts can surely rely upon this one. It provides better protection from volatility as it makes investments in large-cap companies. The expense ratio is 1.26% and the exit load amount to 1%. It majorly makes investments in equity-related instruments of different companies. One may review further returns on a lumpsum calculator.
Mirae Asset Emerging Bluechip Fund – Direct
This fund possesses a balanced mix of Large-cap spaces (HDFC Bank Ltd., ICICI Bank Ltd.) mid-cap spaces (Tata Global Beverages Ltd.). It is a suitable option for long-term investors who want to take lower risks. The expense ratio is very low (0.87%) with a usual exit load of 1%. In the past years, this fund has been recorded as one of the top picks of investors.
Axis Focused 25 Fund – Direct
The fund aims to invest in equity and equity-related securities of the top companies in different sectors. The list includes big names such as HDFC Bank Ltd., Maruti Suzuki Limited, Avenue Supermarts Ltd. and Bajaj Finserv etc. All these companies are leading in their own sectors. The expense ratio of the fund is 0.77% and the exit load is the usual 1%.
HDFC Small Cap Fund – Direct
The fund is mainly involved in small-cap and mid-cap investments. A small portion of this fund is also invested in companies like Aurobindo Pharma Ltd. and safe money market instruments. The risk involved in this fund is moderate, yet an investor is always advised to use a lumpsum calculator before investing. The expense ratio is only 0.71% and exit load is 1%.
SBI Bluechip Fund
The fund supremely aims at long-term capital appreciation so as to provide maximum benefits to the investors. The recorded expense ratio amounts to 1.66% and the exit load is the usual 1%. Since it is a long-term investment with high risks, one must review future returns using the lumpsum calculator.
Kotak Emerging Equity Scheme – Direct
The fund is aimed at mid-cap space investments and is more volatile than its benchmark. However, it is better for investors who enjoy higher risks. The exit load is 0-1% whereas the expense ratio is 0.80%. This fund offers good exposure to the investors in the mid-cap space.
Tata Equity P/E Funds – Direct
This fund stands out in the market as it offers 0% exit load within 18 months of investment. The major importance is given to financial services and energy sectors which gives the fund the potential to grow. The expense ratio is just 0.97%.
Aditya Birla Sun Life Tax Relief 96 – Direct
This fund is best suited for the investors interested in tax exemption. There is no exit load and the expense ratio is 1.06%. It provides double benefits to investors which is a plus point.
Axis Bluechip Fund
This fund offers high returns which are a benefit for investors who are ready to take high risks. This makes investment in Indian stocks with an expense ratio of 1.73%. The investor may also refer to the lumpsum calculator for better knowledge of returns.
Mutual Funds offer a variety of beneficial investment options and one may reap the maximum returns if they are willing to accept high risks. Liquid cash holders should go for mutual funds to increase their wealth in a short period.