We all want to accumulate wealth, thus we invest in various investment vehicles such as bank deposits, stock markets, real estate, gold bonds, land, gold & silver, post deposits, LIC (which is insurance but is considered an investment in India), and Mutual Funds. I'm going to talk about mutual funds and give you information on the top thirty mutual funds for 2021-22.
We all know about mutual funds. Nowadays, after Covid-19, mutual funds are a hot favourite investment instrument for us. And why not? They are given handsome returns, especially after Covid-19. Some mutual funds give a return of more than 100%.
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Banks cut their interest rates on fixed deposits and other term deposits, while mutual funds and the stock market became our top performing investment objectives.
List of the best profitable mutuals fund in India as under.(analyses of last 5 years)
Top 5 Large cap funds.
(Selection criteria minimum return @ 18.50% for 3 Years)
Top 5 Large & Mid-Cap Fund.
(Selection criteria minimum return @ 19% for 3 Years)
Top 5 Midcap Fund.
(Selection criteria minimum return @ 22% for 3 Years)
Top 5 Smallcap Fund.
(Selection criteria minimum return @ 25% for 3 Years)
Top 5 Multi cap Fund
Edelweiss Maiden Opportunities Fund -Series I -Direct Plan -Growth
Mahindra Manulife Multi cap Badhat Yojana -Direct Plan -Growth
(Selection criteria minimum return @ 25% for 3 Years)
Top 5 Flexi cap Fund
(Selection criteria minimum return @ 21% for 3 Years)
These are the funds which given good-looking returns in past 3 years and also currently doing good in current market too. The Stock market is on its best nowadays, so as Indian Economy also doing well. People are always looking to safe and high return giving option. Mutual funds are safer than investing in stocks.
The mutual fun includes index funds, hybrid funds, contra funds, focused fund, value fund, and Equity mutual funds which are given taxation relief too. I will try to cover all funds in my next blog, so please stay connected.
Most important: all the details are collected form moneycontrol.com.
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