Top 10 mutual funds for investment.
All mutual fund investors start their investment journey by typing ‘best mutual funds’ on the Surge Engine. They get a list of the top mutual funds that someone has created. But, does this list make them rich? Does it really work? The answer is ‘no’. This is not the case in most cases.
We chose two schemes from five different categories. These categories include Aggressive Hybrid, Largecap, Midcap, Smallcap, and Multicap.
For example, when you search about it online, you will get a list made on many websites. Often these schemes are chosen based on their short-term performance. Sometimes in the list, there is a dominance of many schemes of the same category. This is because if some categories do very well at one time, the performance of others is relatively weak.
It is also possible that a friend or a person has suggested the names of some schemes, but these may not be compatible with the goals and risk profile of the investor. That is why we decided to make a list of the top 10 mutual fund schemes.
We chose two schemes from five different categories. These categories include Aggressive Hybrid, Largecap, Midcap, Smallcap, and Multicap. We believe this should be sufficient for regular mutual fund investors.
List of top 10 schemes
1. ICICI Prudential Equity & Debt Fund
2. Mirae Asset Hybrid Equity Fund
3. Axis Bluechip Fund
4. ICICI Prudential Bluechip Fund
5. L&T Midcap Fund
6. DSP Midcap Fund
7. L&T Emerging Business Fund
8. HDFC Smallcap Fund
9. Motilal Oswal Multicap 35 Fund
10. Kotak Standard Multicap Fund
However, before investing in these schemes you should keep a few things in mind. The first thing is to know about each category and find out if it matches your investment goals and risk profile.
For aggressive hybrid schemes, it is necessary to invest 65-80 percent of your total amount in equity. The remaining 20-35 percent have to invest in debt. They invest like pre-balanced or equity hybrid schemes. Due to a limit of at least 65 percent investment in equities, these equations.
You should not be confused with the word ‘aggressive’ in it. Many mutual fund advisors recommend new investors to invest in aggressive hybrid schemes. He argues that a mixed portfolio of equity and debt gives them stability during the turmoil.
At the same time, large-cap mutual fund schemes invest in shares of extremely large companies. According to SEBI classification rules, investing at least 80 percent of the funds raised from investors for large-cap mutual fund schemes in the top 100 companies ..