Best Mutual Funds to Invest in India

Best Mutual Funds to Invest in India

What is Mutual Fund?

A mutual fund is a common pool of money by which many people by and large invest in various assets like equity shares, bonds, money market instruments etc. and by and large share the returns in proportion to their individual contribution. Here we have given the list of Best Mutual Funds to Invest in India.

The best mutual funds to invest are listed below based on the category they fall under:

Large Cap-oriented Equity Funds:
Birla Sun Life Frontline Equity Fund-
NAV - Rs.188.25,
Expense ratio - 1.38%
AUM - Rs.13,634 crore.
Average return over a three year period is 24.24%.

Diversified Equity Funds:
ICICI Prudential Value Discovery Fund-
NAV - Rs.125.42,
Expense ratio - 2.25%
AUM - Rs.14,364.46 crore.
Average return over a three year period is 34.18%.

Small and Mid-Cap Equity Funds:
DSP BlackRock Micro Cap Fund-
NAV - Rs.51.51,
Expense ratio - 1.79%
AUM - Rs.3,649.98 crore.
Average return that can be expected over a three year period is 52.62%.

Thematic- Infrastructure Funds:
Franklin Build India Fund-
NAV - Rs.33.75,
Expense ratio - 1.32%
AUM - Rs.677.55 crore.
Average return to be expected over a three year period is 38.95%.

Consistent Performers:
Birla Sun Life India GenNext Fund-
NAV - Rs.65.54,
Expense ratio - 1.68%
AUM - Rs.462.83 crore.
The average return expected over a three year period is 28.65%.

Equity Linked Savings Schemes:
Birla Sun Life Tax Relief 96-
NAV - Rs.24.44,
Expense ratio - 1.55%
AUM - Rs.2,2424.77 crore.
The average return to be expected over a three year period is 29.60%.

Index Funds:
Kotak Nifty ETF-
NAV - Rs.880.72,
Expense ratio - 0.10%
AUM - Rs.464.96 crore.
The average return to be expected over a three year period is 14.52%.

Balanced Funds:
Birla Sun Life Balanced 95 Fund-
NAV - Rs.659.54,
Expense ratio - 1.17%
AUM - Rs.3,872.88 crore.
The average return over a three year period is 25.11%.

Consistent Performers- Balanced Funds:
Tata Balanced Fund-
NAV - Rs.188.50,
Expense ratio - 1.96
AUM - Rs.6,723.09 crore.
The expected return over a three year period is 28.86%.

Monthly Income Plan-Aggressive:
Birla Sun Life MIP II- Wealth 25 Plan-
NAV - Rs.35.05,
Expense ratio - 2.29%
AUM - Rs.1,238.23 crore.
The average return to be expected over a three year period is 17.71%.

Long Term Gilt Funds:
HDFC Gilt Fund- Long Term Plan-
NAV - Rs.33.61,
Expense ratio - 0.32%
AUM - Rs.2,926.97 crore.
The average return over a three year period is 13.58%.

Long Term Income Funds:
Birla Sun Life Dynamic Bond Fund-
NAV - Rs.28.59,
Expense ratio - 1.63%
AUM - Rs.13,446.50 crore.
The average returns expected over a three year period is 12.43%.

Consistent Performers- Debt Funds:
IDFC Dynamic Bond Fund-
NAV - Rs.11.49,
Expense ratio - 1.09%
AUM - Rs.582.80 crore.
The expected return for a 1 year period is 8.76%.

Short Term Income Funds:
Axis Short Term Fund-
NAV - Rs.17.05,
Expense ratio - 0.85%
AUM - Rs.5,371.25 crore.
The average return over a three year period is 9.48%.

Credit Opportunities Funds:
Birla Sun Life Corporate Bond Fund-
NAV - Rs.11.53,
Expense ratio - 1.07%
AUM - Rs.999.97 crore.
The expected return over one year is 11.20%.

Ultra Short-Term Debt Funds:
Axis Banking Debt Fund-
NAV - Rs.1,444.98,
Expense ratio - 0.20%
AUM - Rs.529.92 crore.
Average return expected over a three year period is 9.30%.

Liquid Funds:
Indiabulls Liquid Fund
NAV - Rs.1,530.03,
Expense ratio - 0.28%
AUM - Rs.4,223.06 crore.
Average expected return over a three year period is 8.86%.

See the Top 10 Mutual Funds in India