Ab-SIP-karo-Direct-Befikar

Best Mutual Funds to Invest in 2024

Decizen Rating (Understand the Method):- P: Performance, Q: Quality, UP: Upside Potential
144.36
45,894
22
16 Sep' 10
56.72
42.09
30.58
21.36
33.16
26.09
22.11
22.40
Unlock
151.09
24,862
20.6
09 Sep' 09
33.02
27.64
25.23
19.36
29.84
25.62
22.82
22.40
Unlock
28.01
3,231
20.9
21 Sep' 18
32.63
24.69
22.06
N/A
22.83
24.93
21.15
N/A
Unlock
44.35
9,702
20
28 Dec' 15
33.53
21.69
23.41
N/A
23.91
24.42
24.38
N/A
Unlock
130.23
33,295
20.7
09 Jul' 10
35.11
21.68
20.94
17.82
26.15
23.58
21.75
21.78
Unlock
165.55
13,859
18.3
14 Jun' 07
47.04
32.75
26.2
17.8
29.08
23.22
20.33
20.52
Unlock
181.29
12,249
12.8
03 Mar' 00
30.16
21.34
24.16
17.46
23.97
22.09
20.18
17.75
Unlock
208.43
19,902
17.4
11 Mar' 05
28.32
19.42
18.1
14.79
25.09
21.68
20.40
19.35
Unlock
208.43
19,902
17.4
11 Mar' 05
28.32
19.42
18.1
14.79
25.09
21.68
20.40
19.35
Unlock
152.07
11,834
16.2
13 Jan' 06
59.71
36.09
24.11
16.54
26.48
21.57
18.75
18.20
Unlock
222.03
14,426
17.7
24 Feb' 05
39.22
30.28
27.39
17.72
26.21
21.28
17.92
16.19
Unlock
77.47
4,915
13.5
26 Dec' 07
47.8
29.78
25.15
16.77
25.16
21.21
18.91
18.52
Unlock
103.33
39,027
14.8
30 Mar' 07
35.41
26.43
23.15
16.48
25.40
21.17
18.45
17.42
Unlock
165.30
4,717
12.3
15 Jan' 00
35.47
22.33
25.53
18.58
22.73
20.61
17.62
14.14
Unlock
158.50
59,027
18
25 Jun' 07
52.13
33.58
24.8
17.17
24.52
20.23
18.52
18.75
Unlock
89.51
19,531
23.9
29 Nov' 13
40.86
31.61
27.82
18.59
23.41
19.95
17.64
19.97
Unlock
30.52
2,936
17.9
11 May' 17
49.78
30.46
24.18
N/A
17.97
19.91
16.46
N/A
Unlock
26.16
209
15.5
21 Jun' 17
43.96
33.78
23.44
N/A
17.48
19.85
14.73
N/A
Unlock
72.16
13,981
22.4
12 May' 14
54.13
40.41
25.24
19.63
22.92
19.19
14.01
19.24
Unlock
185.40
3,758
20.6
07 Jan' 13
26.07
21.87
23.28
15.96
20.73
18.35
17.67
17.57
Unlock
69.63
55,034
19.8
28 May' 13
37.43
23.18
23.07
17.03
20.34
18.03
16.67
17.56
Unlock
109.04
13,345
15.2
11 Apr' 07
34.83
21.41
18.57
14.38
20.82
17.69
16.00
15.92
Unlock
41.08
20,950
18.9
28 Dec' 15
31.69
20.69
19.6
N/A
19.72
17.56
17.49
N/A
Unlock
53.49
857
10.8
24 Oct' 07
62.92
36.78
27.12
15.61
23.10
16.89
13.45
12.48
Unlock
96.12
37,904
15.3
04 Apr' 08
21.75
15.99
14.68
12.49
18.23
16.70
15.94
16.44
Unlock
283.44
18,315
18.7
09 Sep' 04
34.02
22.61
19.64
14.03
18.68
16.36
14.57
14.29
Unlock
128.37
2,451
14.7
27 Jul' 05
42.24
25.41
20.24
14.46
17.32
15.20
13.49
12.72
Unlock
47.30
218
11.8
05 Mar' 10
52.87
33.43
27.09
15.61
20.56
14.66
11.46
11.40
Unlock
36.61
1,842
17.2
28 Dec' 15
37.63
21.13
16.64
N/A
18.46
14.41
14.17
N/A
Unlock
25.50
843
12.2
28 Dec' 15
47.48
18.33
22.43
N/A
12.55
14.20
14.25
N/A
Unlock
23.86
935
15.6
22 Feb' 18
41.11
19.97
22.85
N/A
19.60
23.06
16.37
N/A
Unlock
629.95
8,143
19.8
20 Mar' 01
41.47
32.32
28.52
19.46
25.46
21.09
17.15
14.56
Unlock
121.02
2,035
18.8
04 Sep' 09
63.74
37.27
24.53
16.42
25.05
20.01
17.21
16.69
Unlock
225.03
3,063
17.8
15 Feb' 05
49.85
33.38
23.97
13.78
26.49
19.06
15.24
15.74
Unlock
122.14
28,607
17
03 Apr' 08
54.09
37.98
24.02
18.79
24.11
19.01
16.07
16.66
Unlock
119.83
16,556
15.4
14 Nov' 06
38.8
18.92
18.73
14.13
21.55
18.29
17.09
17.19
Unlock
81.43
33,526
16
29 Dec' 09
27.32
11.93
14.1
11.1
18.65
17.72
16.80
16.52
Unlock
137.45
5,976
18.9
26 Dec' 08
34.32
26.61
20.85
14.73
20.60
17.64
15.45
15.52
Unlock
114.68
13,846
15.3
18 Jan' 07
34.76
23.27
20.25
14.66
19.61
17.43
15.65
15.22
Unlock
78.43
3,094
17.3
29 Mar' 11
35.34
22.64
18.45
15.06
18.98
17.40
15.96
16.20
Unlock
91.90
1,340
16.6
14 Sep' 09
31.38
20.74
19.05
14.67
19.35
17.40
16.06
15.81
Unlock
74.17
5,491
12.6
31 May' 07
45.94
27.22
18.43
13.56
22.23
17.25
14.83
15.26
Unlock
324.52
2,399
16.1
25 Oct' 00
38.03
25.05
18.89
14.11
19.41
16.96
14.69
12.79
Unlock
149.24
1,090
19.7
25 Feb' 09
44.48
26.03
24.98
15.55
19.63
16.75
14.30
14.11
Unlock
41.00
115
9.3
31 Mar' 08
40.81
23.06
20.26
14.03
19.51
16.42
13.91
13.31
Unlock
55.60
1,477
11.3
25 Feb' 08
46.29
36.93
24.44
14.69
22.63
16.32
13.04
13.09
Unlock
86.76
1,438
15
23 Sep' 08
50.68
28.77
23.16
15.35
20.18
16.30
13.34
13.47
Unlock
107.74
2,517
14.8
29 Dec' 06
39.29
18.52
16.88
12.93
18.25
16.28
15.27
15.28
Unlock
511.06
10,626
18
16 May' 00
36.83
22.53
19.27
14.38
18.53
16.14
14.46
14.28
Unlock
149.65
7,155
19.3
02 Feb' 09
28.75
19.04
18.88
13.13
17.65
15.84
14.54
14.23
Unlock
*Based on the Fund's Ranking within its Category
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FAQ's
Investing in top mutual funds can help you preserve and grow your wealth over time. Some of the key benefits of investing in mutual funds are listed below:

Professionally managed: By opting for a mutual fund, you choose a professional money manager, who invests a pool of money after thorough research and based on well thought strategy.

Diversified & many investment options: Mutual Fund saves you a lot of time and helps you quickly get exposed to large number of stocks and bonds. Limited capital restricts you to a handful of investment ideas. With large pool of money, a mutual fund helps you take exposure to all types of assets including corporate bonds, pure gold and 100s of stocks.

Liquidity: Mutual funds are liquid investments unless they have a specific lock-in period. This means you can redeem your units at any time and access your money when needed.

Ease of investment: It is quite easy to invest in mutual funds. And, you can start with amounts as low as Rs. 500.

Finding a good Mutual Fund to invest in requires you to answer 3 essential questions:
  1. What is the Right Fund? - Check quality of Holdings, consistency of returns, expense
  2. What is the Right Time to buy? - Check portfolio valuation and fund manager investment strategy
  3. What is the Right Allocation? - Check if the fund suits your risk profile

Read our blog , 'If not past returns, then how do you select the right Equity Mutual Fund to invest in?' for details

While the best mutual funds to invest keep changing from time to time. Here are a few funds that are currently doing well:

Fund Name Category AUM (Cr.) Returns Since inception 3 yr Avg Rolling Quality Performance
Mirae Asset Emerging Bluechip Fund Equity - Large & Mid Cap Fund 11,929 19.8 23.21 Somewhat Good Very Good
Canara Rob Emerg Equities Fund-Reg(G) Equity - Large & Mid Cap Fund 6,126 16.6 20.15 Somewhat Good Very Good
Axis Midcap Fund Equity - Mid Cap Fund 6,949 16.9 19.32 Very Good Not Good
Aditya Birla Sun Life MNC Fund Equity - Thematic Fund - MNC 3,708 16 19.3 Somewhat Good Not Good
Nippon India Pharma Fund Equity - Sectoral Fund - Pharma & Health Care 3,900 20.8 18.69 Very Good Not Good
HDFC Mid-Cap Opportunities Fund Equity - Mid Cap Fund 21,817 14.2 18.51 Somewhat Good Very Good
Principal Emerging Bluechip Fund Equity - Large & Mid Cap Fund 2,120 23 18.3 Somewhat Good Not Good
Invesco India Multicap Fund Equity - Multi Cap Fund 933 13.9 18.21 Somewhat Good Not Good
ICICI Prudential Technology Fund Equity - Sectoral Fund - Technology 832 10.9 17.99 Risky Very Good
ICICI Prudential FMCG Fund Equity - Sectoral Fund - Consumption 516 16 17.98 Very Good Not Good
All investments are accompanied by a certain level of risk. So, although mutual funds do offer investors the benefit of diversification, which lowers risk, there is still considerable risk involved. The best way to reduce the risk associated with mutual funds is by doing the following:
  1. Have your emergency fund in place before you start investing.
  2. Have an adequate term and health insurance plan
  3. Never invest any money you will need in the near future.
  4. Diversify your investment portfolio by investing across sectors and asset classes.
  5. Build an investment portfolio that matches your appetite for risk.

Do your own research before you invest in these funds, so you know which funds would make a better choice. Read, ‘If not past returns, then how do you select the right Equity Mutual Fund to invest in?' to know how to choose the best mutual fund for you.

Index Funds, also called as passive investing, mimics an index that is comprised of stocks ranked primarily based on size (or any other fundamental attribute). In this type of investing, there is no fund manager picking individual stocks but a framework that shortlists stocks and their proportion to build a diversified portfolio. This way it gives exposure to large part of market.

Key advantages of such a fund are (1) lower costs as there is no fund manager and (2) lower efforts to identify best fund or fund manager (3) Exposure to large section of market, guaranteeing average stock market returns.

Index fund is an equity fund, so it also comes with volatility but it is a simplest form of equity investing.

If your goals are more than 5-7 years away, you must consider investing in Equity Mutual Funds to earn equity-linked returns (significantly higher than FD). This will also help you reach your financial goals faster or on lower amount of savings. Those who are already investing in stocks directly can consider investing in equity MFs to complement your investment strategy/style/biases and also be confident about committing a larger portion of your Investable Surplus to equities.

You must select at least 4-5 funds whose strategy complements each other. Every Fund Manager chooses a strategy, such that it will work best only in some market situations. So, when investing in equity mutual funds, if you own different combination of mutual funds, they will work better together, in good times and bad.

Ideally, you should invest at least 25% of your portfolio in debt. This can be through FDs, PPFs or debt funds. Since this part of your portfolio is your safety net, we usually advise clients to stick to safer category of debt funds, i.e. Liquid funds. For portfolios smaller than Rs. 50 Lakhs can choose simple Fixed Deposits in Top 5 banks of India for this portion of portfolio.

Every fund is assessed on the following:
  1. Consistent Outperformers : Track record of having generated returns above a benchmark on a 3-year rolling basis. Consistent performers are Green, followed by Orange. Red have an inconsistent track record on outperforming the index.
  2. The average 3-year rolling returns number appears in the first button.
  3. Quality of Portfolio is assessed based on the quality of each stock held. Predominantly high quality stocks get a Green second button, followed by Orange and Red (large amount of risky stocks).
  4. Upside Potential: Every fund is assessed on what returns it could deliver in the next 5 years based on it.
Select the fund that is Green on Performance which shows it has consistently outperformed the index. Select one with a high average 3-year rolling returns - the number in the first button. And select one with a Green rating on Quality-the second button.
Use the Funds Screener and select the category. It shows the funds with Green on Performance and Quality right on the top. The ones with the higher average 3-year rolling returns are ranked the highest. Funds with less than 5 years returns history are colored Grey on Performance. Since the track record is not for an adequately long period they feature lower in the list.
Build a well-diversified portfolio with funds that assures you of a stable growth through market and economic cycles and funds that enhance your portfolio returns over the long run.
  1. Core Funds: Choose from Large cap, Large and Mid cap and Flexicap funds.
  2. Booster Funds
    1. Choose from Mid and Small cap funds.
    2. Select a Sector or Thematic Fund that is likely to outperform in the long term.
Use the Fund Portfolio Analyzer, Sher-ya-Billi to check if your portfolio will deliver healthy returns or disappoint you. Go to Fund Portfolio Analyzer. You can also upload details of your funds in the Portfolio Manager and see the report on this page.
When adding a new fund check how different is the fund compared to your portfolio by using the link in the Right allocation box on the Fund Decision Maker.
Most investors have more, many more funds that they should-over diversified. This tends to reduce returns. Many investors have more of the same i.e. they have funds that have very similar portfolios and hence the fund portfolio is not well-diversified. Either there are too many large cap dominated funds or far too many mid and small cap funds. What you require is a good, balanced mix. Finally investors don't know when to exit a fund and end up carrying it even though the future upside potential is very low.
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