Every person wants to taste the taste of mutual fund investment, this is because the returns in other investment options including bank FD, post office are slightly less as compared to mutual funds. Mutual funds have been giving excellent returns to investors for the last 2 decades.
Actually, high returns can be earned from equity market, but direct investment in stock market and shares is risky, in such a situation experts always recommend mutual funds for beginners. The responsibility of fund management in mutual funds rests on the shoulders of experienced people, they are experts in their field.
You can start investing from Rs. 500
To invest in mutual funds, you can do SIP every month, some funds offer SIP facility from minimum Rs 100, in most funds monthly investment can be made from Rs 500 and Rs 1000.
Every person has his own needs, depending on that he can choose the right fund for himself, investment for short term, investment for long term, minimum risk fund, high risk fund, normal, high and low return. Different mutual funds can be selected for investment on the basis of Aadhaar also.
Top 5 Mutual Funds for Wealth
The funds mentioned here have performed best in terms of returns, you can choose based on your need, however it is important to remember that a mutual fund scheme which has performed better in the past does not guarantee this. Doesn’t guarantee that it will perform better in future too.
Nippon India Large Cap Fund
As the name suggests, it is a large cap mutual fund scheme, in which investments are safer than mid cap and small cap.
36.69% in 1 year
17.27% in 3 years
15.28% more in 5 years
Has given a return of 14.38% in 10 years.
Parag Parikh Flexi Cap Direct Growth
This fund is the first choice of most people. The stocks included in the investment portfolio of Parag Parekh Flexi Cap Fund are very much liked by the investors. Foreign shares can also be enjoyed by investing in this scheme.
Strong return of 43.40% in 1 year
20.81% return in 3 years
18.31% return in 5 years
17.26% return in 10 years
HDFC Mid-Cap Opportunities Fund
This mid cap fund of HDFC has also given very good returns to the investors.
54.59% return in 1 year period
25% return in 3 years period
22% return over a period of 5 years
20.17% return over a period of 10 years
ICICI Prudential Multicap Fund
The returns of this multicap fund have also been quite good.
Return of 49.32% in 1 year period
Returns of 23.66% over a period of 3 years
21 percent return in 5 years
Returns of 18% over a period of 10 years
Quant Small Cap Fund
It is a small cap fund which is risky, but the small cap category has always been ahead in terms of returns.
1 year return 55%
3 year return 30.80%
5 year return 27%
10 year return 23%
Disclaimer: This article is based on research and information, we do not provide any kind of financial advice. If you want to invest, first consult your financial advisor.