10 Best Mutual Funds In India
Personal Finance

10 Best Mutual Funds In India

Looking forward to investing your hard-earned money in a mutual fund to organize your personal finance? We have a list of 10 best mutual funds in India for you.

For now, let’s start with some basics. Here you go..

What Is A Mutual Fund?

A mutual fund is a pool or collection of funds that includes the contribution of multiple investors. Mutual funds invest in various assets like bonds and stocks and are managed by experienced fund managers employed by the various AMCs or Asset Management Companies.

These AMCs have multiple different fund schemes to invest the money in. As of 2018, the mutual fund industry in India has crossed 23 lakh crores to be specific.

Best Mutual Funds In India

When it comes to investing in mutual funds, it’s quite natural for you to look for top-performing mutual funds in India to start with. Here, we have compiled a list of 10 best mutual funds in India to help you invest in 2019.

1. ICICI Prudential Equity & Debt Fund

Your objective to invest in ICICI Prudential Equity & Debt Fund should be to gain a long-term capital appreciation as well as get present income. It invests in equity and equity-related securities in addition to certain fixed-income securities. The following is the NAV performance chart for the last 5 years.

ICICI Prudential Equity & Debt Fund Direct Growth

You are recommended to consult your financial advisor before investing in ICIC Prudential Equity & Debt Funds to know whether or not the fund is suitable as per your investment needs. The following are the top 10 holdings of the fund.

ICICI Prudential Equity & Debt Fund - Top 10 Holdings
Top 10 Holdings

2. Motilal Oswal Multicap 35 Fund

Your objective to invest in Motilal Oswal Multicap 35 Fund should be to gain a long-term capital appreciation. You are allowed to invest in a maximum of 35 equity and equity-related securities throughout sectors and market capitalization. The following is the NAV performance chart for the last 5 years.

Motilal Oswal Multicap 35 Fund

You are recommended to consult your financial advisor before investing in Motilal Oswal Multicap 35 Fund to know whether or not the fund is suitable as per your investment needs. There is no guarantee or surety about the achievement of your investment goal. The following are the top 10 holdings of the fund.

Motilal Oswal Multicap 35 Fund - Top 10 Holdings
Top 10 Holdings

3. L&T Tax Advantage Fund

Your objective to invest in L&T Tax Advantage Fund should be to gain a long-term capital appreciation. The fund provides you with a diversified portfolio of predominantly equity and equity-related securities. The scheme comes with a 3-year lock-in period and the tax benefit. The following is the NAV performance chart for the last 5 years.

L&T Tax Advantage Fund

You are recommended to consult your financial advisor before investing in L&T Tax Advantage Fund to know whether or not the fund is suitable as per your investment needs. The following are the top 10 holdings of the fund.

L&T Tax Advantage Fund - Top 10 Holdings
Top 10 Holdings

4. ICICI Prudential Bluechip Fund

ICICI Prudential Bluechip Fund

NAV Performance Chart
ICICI Prudential Bluechip Fund - Top 10 Holdings
Top 10 Holdings

5. SBI Magnum MultiCap Fund

SBI Magnum MultiCap Fund

NAV Performance Chart
SBI Magnum MultiCap Fund - Top 10 Holdings
Top 10 Holdings

6. Aditya Birla Sun Life Tax Relief 96

Aditya Birla Sun Life Tax Relief 96

NAV Performance Chart
Aditya Birla Sun Life Tax Relief 96 - Top 10 Holdings
Top 10 Holdings

7. L&T India Value Fund

L&T India Value Fund

NAV Performance Chart
L&T India Value Fund - Top 10 Holdings
Top 10 Holdings

8. SBI Bluechip Direct Plan

SBI Bluechip Fund

NAV Performance Chart
SBI Bluechip Direct Plan - Top 10 Holdings
Top 10 Holdings

9. DSP Equity Opportunities Fund

DSP Equity Opportunities Fund

NAV Performance Chart
DSP Equity Opportunities Direct Plan - Top 10 Holdings
Top 10 Holdings

10. Mirae Asset Savings Fund

Mirae Asset Savings Fund

NAV Performance Chart
Mirae Asset Savings Fund - Top 10 Holdings
Top 10 Holdings

Why Invest In Mutual Funds?

You must have heard that TV commercial saying Mutual Fund Sahi Hai thing. Well, that’s not true until and unless you have good-enough information of at least 10 best mutual funds in India to invest in.

The following are some reasons why should invest in mutual funds:

1. Start with a low amount

There are certain expenses related to mutual fund investments, such as the fund manager’s fee, fund administration fee, etc. The ratio of these mutual fund expenses typically ranges from 1.5% to 2.5%.

These costs are divided among hundreds of different investors nationwide.

2. Transparency

While the NAV or Net Asset Value of mutual funds is declared on a daily basis, the Securities and Exchange Board of India or SEBI keeps a strict eye of the regulation of mutual funds.

3. Diversification

Mutual funds give you access to a mixed bag of options in terms of bonds and stocks, and that too at a very less cost. If you need to buy them directly, you will have to pay a much higher amount of money.

4. Liquidity

Mutual fund investments provide you with the option to buy and sell on any business day unlike a bank fixed deposit, PPF, and a retirement/pension plan.

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