Monday, February 26, 2024
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5 Best Performing Mutual Funds in India

5 Best Performing Mutual Funds in India

Investing in mutual funds can be a great way to grow your wealth over time. Mutual funds pool money from many investors and invest it in stocks, bonds, as well as other securities. Professional fund managers use their experience and research to select investments they believe will outperform the market. By investing in mutual funds, you get access to diversification and professional management even with a small amount of money. In India, there are thousands of mutual fund schemes to choose from. With so many options like Axis Mutual Fund, it can be tough to determine which funds are likely to give you the best returns. This blog looks at top 5 performing mutual fund schemes in India based on their historical returns over the last 5 years. Knowing about these funds can help you make informed investment decisions.  

Aditya Birla Sun Life Frontline Equity Fund

The Aditya Birla Sun Life Frontline Equity fund is one of the oldest and largest equity funds in India. It has been a consistent performer, providing returns of over 16% over the last 5 years. This fund invests predominantly in large cap stocks across sectors. Its top holdings include Reliance Industries, Infosys, HDFC Bank and other bluechip companies. With low expense ratio and seasoned fund management team, this fund makes a good core equity fund for long term investors.  

Axis Bluechip Fund

The Axis Bluechip Fund has given returns of over 17% in the last 5 years. It invests mainly in large cap companies that are leaders in their respective fields. The fund takes a blend of value and growth style of investing. Some of its top holdings are HDFC Bank, ICICI Bank, Infosys, Asian Paints and other leading companies. It is a suitable mutual fund for investors looking for exposure to the best bluechip stocks in India.  

Mirae Asset Large Cap Fund

With impressive returns of over 21% in the last 5 years, the Mirae Asset Large Cap fund has emerged as one of the top performing funds in the large cap category. It uses a multi-cap approach, investing across market caps with focus on quality large cap companies. The fund managers adopt a growth style of investing and the fund has significant exposure to sectors like financials, IT, consumer goods etc. It can be a good choice for investors looking for high growth opportunities.  

HDFC Balanced Advantage Fund

For investors wanting a balanced or hybrid mutual fund, the HDFC Balanced Advantage Fund is a strong contender. It dynamically manages equity and debt allocation based on prevailing market valuations. This provides stability and growth opportunities. Over the last 5 years, the fund has delivered around 18% returns. With its flexibility to manage asset allocation, this fund can be suitable for investors wanting some equity exposure along with debt/fixed income.  

Kotak Standard Multicap Fund

With return of approximately 18% over the past 5 years, the Kotak Standard Multicap fund has given good performance as a multicap fund. It invests across market caps with no bias towards a particular cap size. The fund mostly follows a blend of value and growth style of investing. It has allocation to large caps as well as exposure to quality mid and small caps. For investors seeking a multicap fund, this can be a good choice.  

Conclusion

Based on their historical track record, this covers 5 of the best performing mutual funds across different categories in India. However, past performance alone should not determine your investments. Factors like understanding mutual funds meaning and its benefits, investment goals, risk tolerance, time horizon etc. must also be evaluated before selecting mutual funds to invest in. It is advisable to have a well-diversified portfolio with a mix of mutual funds investing across market caps, sectors and fund management styles. Monitor your funds regularly as well as make changes if needed. Invest wisely after thorough research. Mutual funds can help you achieve your financial goals if chosen carefully.

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