Top 10 Mutual Funds to consider before you start investing

Feb 13, 2019 Carol Gilmore Featured Comments Off on Top 10 Mutual Funds to consider before you start investing

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One resolution for 2019 that you may have made is to begin investing in mutual funds. In taking this first step towards creating a retirement corpus for yourself, the most important factor is selecting the right funds. To help you curate this list of funds, we are presenting the top 10 schemes which can be a part of your portfolio.

SBI Blue Chip Fund

A large cap offering from SBI Mutual Fund, the fund has been around for 13 years and follows a blend of growth and value style of investing. Its performance is benchmarked to the S&P BSE 100 Index and was managing assets worth Rs 20,610 cr at the end of December 2018. Since launch, it has returned 10.5%. To invest, you need to make a minimum lump sum investment of Rs 5,000 and the minimum invest for SIP is Rs 500.

Aditya Birla Sun Life Frontline Equity Fund

This large cap fund aims to be completely invested in equities and spread its assets across industries and sectors, thereby being as diversified as and in line with its benchmark Nifty 50. The fund has a performance history of over 16 years and has returned 20.5% since launch. It was managing assets worth Rs 21,175 cr at the end of December 2018.

Kotak Standard Multicap Fund

It was earlier known as Kotak Select Focus. The fund spreads its assets across market caps, which means its portfolio is formed of large, mid as well as small cap stocks. However, it focuses on a few sectors which it identifies based on research. It is benchmarked to Nifty 200 TRI, was launched in September 2009 and has returned 13.6% since then. It was managing assets worth Rs 21,719 cr at the end of December 2018.

Reliance Small Cap Fund

The fund focuses on small cap companies which are defined as those below top 250 companies in terms of market cap. It aims to identify good growth businesses with reasonable size, quality management and rational valuation. The fund is benchmarked to S&P BSE Small Cap TRI, was launched in September 2010 had has returned 17.5% since then. The minimum lump sum investment is Rs 5,000 while that for SIP is Rs 100.

Mirae Asset Emerging Bluechip Fund

The fund invests across market caps, with a focus on large and mid caps, and intends to find those emerging companies which will be the blue chips of tomorrow. Its performance is benchmarked to the NIFTY Large Midcap 250 Index, has been around since July 2010, and has returned 20.6% since launch. The minimum lump sum investment in the fund is Rs 5,000 and the minimum SIP investment is Rs 1,000.

ICICI Prudential Bluechip Fund

It was earlier known as ICICI Prudential Focused Bluechip Equity Fund. The fund intends to create wealth by investing predominantly in large cap stocks. Its performance is benchmarked to Nifty 100 TRI, was launched over 10 years ago and has returned 13.8% since inception. It was managing assets worth Rs 20,115 cr at the end of December 2018.

Franklin India Smaller Companies Fund

The fund invests in small cap companies and focuses on identifying high growth companies that are likely to transform into tomorrow’s market leaders. It benchmarks its performance to that of Nifty Smallcap 250. It has a track record of 13 years and has returned 13.4% since launch. The minimum lump sum investment in the fund is Rs 5,000 while the minimum SIP investment is Rs 500.

Franklin India Focused Equity Fund

It was earlier known as Franklin India High Growth Companies Fund. It is a multi-cap fund and limits its portfolio to a maximum of 30 stocks. It looks for companies whose earnings are growing at a fast pace or have above average potential. Its performance is benchmarked to Nifty 500. The fund has been around for over 11 years and has returned 12.3% since inception. The minimum lump sum investment in the fund is Rs 5,000 while the minimum SIP investment is Rs 500.

ICICI Prudential Equity & Debt Fund

Formerly known as ICICI Prudential Balanced Fund, it invests in both equity and fixed income asset classes. The fund will complete two decades in existence in November 2019. It has returned 14% since its launch. Its performance is benchmarked to the CRISIL Hybrid 35+65 Aggressive Index. It was managing assets worth Rs 26,695 cr at the end of December 2018. To invest, you need to make a minimum lump sum investment of Rs 5,000 and the minimum invest for SIP is Rs 100.

HDFC Hybrid Equity Fund

This fund was created after the merger of HDFC Premier Multi-Cap Fund and HDFC Balanced Fund. Equities dominate the portfolio of this fund, though it has some exposure to fixed income instruments as well. Its performance is benchmarked to the NIFTY 50 Hybrid Composite Debt 65:35 Index. It was launched in September 2000 and has returned 15.7% since then. It was managing assets worth Rs 21,902 cr at the end of December 2018.

Click here to know more about the top 10 mutual funds and invest your money smartly for a better future.

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