Best Mutual Funds to Invest in 2023

Decizen:- Q: Quality, P: Performance, E: Expenses

Fund Name
Category

NAV (Rs.)
AUM (Cr.)
Returns Since inception (%)
Returns
Mutual Fund DeciZen

Past

Avg Rolling
Q
P
E
ETFs - Other 37.58 19,387
10.7
29 Mar' 19
15.6
21.73
4.76
NA
20.19
14.25
NA
NA
Q
P
E
ETFs - Other 37.58 19,387
12.7
26 Jul' 19
15.6
21.73
4.76
NA
27.55
17.84
NA
NA
Q
P
E
ETFs - Other 37.58 19,387
13.4
07 Dec' 18
16.57
22.24
5.21
NA
17.64
13.27
NA
NA
Q
P
E
ETFs - Other 37.58 19,387
13.4
07 Dec' 18
16.57
22.24
5.21
NA
17.64
13.27
NA
NA
Q
P
E
ETFs - Other 37.58 19,387
6
25 Mar' 17
16.57
22.24
5.21
NA
9.03
0.74
4.57
NA
Q
P
E
ETFs - Other 37.58 19,387
6
25 Mar' 17
16.57
22.24
5.21
NA
9.03
0.74
4.57
NA
Q
P
E
ETFs - Other 37.58 19,387
6.9
28 Jan' 17
16.57
22.24
5.21
NA
9.07
0.14
4.40
NA
Q
P
E
ETFs - Other 37.58 19,387
10.7
29 Mar' 19
15.6
21.73
4.76
NA
20.19
14.25
NA
NA
Q
P
E
ETFs - Other 37.58 19,387
12.7
26 Jul' 19
15.6
21.73
4.76
NA
27.55
17.84
NA
NA
Q
P
E
ETFs - Other 37.58 19,387
6.9
28 Jan' 17
16.57
22.24
5.21
NA
9.07
0.14
4.40
NA
Q
P
E
ETFs - Other 37.58 19,387
9.1
28 Mar' 14
16.57
22.24
5.21
NA
8.91
2.61
1.10
NA
Q
P
E
Hybrid - Aggressive Hybrid Fund 85.36 19,174
15.3
11 Sep' 00
5.98
15.24
9.08
13.72
15.84
13.64
14.58
15.30
Q
P
E
Hybrid - Aggressive Hybrid Fund 85.36 19,174
12.7
06 Apr' 05
5.98
15.24
9.08
13.72
13.64
9.79
10.39
11.00
Q
P
E
Equity - Mid Cap Fund 65.41 19,144
17.1
18 Feb' 11
-3.49
16.08
15.68
19.67
21.36
19.65
17.86
19.40
Q
P
E
Debt - Money Market Fund 35.01 18,694
7
14 Jul' 04
4.66
4.44
5.61
6.62
7.06
7.62
7.78
7.85
Q
P
E
FoFs (Domestic) - Debt Oriented 84.68 18,160
11.8
18 Dec' 03
8.12
12.5
11.5
12.51
11.90
10.90
10.98
11.01
Q
P
E
Debt - Overnight Fund 3272.04 17,760
5.8
06 Feb' 02
4.83
3.67
4.51
76.07
1058.38
122.46
86.76
60.15
Q
P
E
Equity - Focused Fund 37.23 16,724
13.2
29 Jun' 12
-15.85
4.99
8.21
13.85
15.57
14.63
14.89
15.67
Q
P
E
Debt - Corporate Bond Fund 24.68 16,683
6.9
11 Aug' 09
5.56
6.07
7.08
7.69
7.90
7.90
7.87
7.86
Q
P
E
Debt - Corporate Bond Fund 12.95 16,498
6.6
01 Feb' 19
3.77
5.21
NA
NA
6.10
6.05
NA
NA
Q
P
E
*Based on the Fund’s Ranking within its Category
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.

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