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Mutual Fund is an investment avenue that is formed when numerous individuals sharing the same idea come together and invest their money. The Mutual Fund scheme then invests in various financial instruments on behalf of these individuals and earns profit. There are various categories of Mutual Fund schemes that are designed to cater the diverse requirements of the individuals. The broad categories of Mutual fund schemes Equity Funds, Debt fund, and Hybrid Fund. In 2023, the performance of all scheme categories was good. The Mutual Funds were able to earn commensurate returns for their investors. So, let us look at the performance of these schemes for 2023.
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Fund NAV Net Assets (Cr) 2023 (%) 2022 (%) 2021 (%) 2020 (%) 2019 (%) Nippon India Power and Infra Fund Growth ₹368.637
↑ 1.24 ₹6,694 58 10.9 48.9 10.8 -2.9 HDFC Infrastructure Fund Growth ₹48.666
↑ 0.55 ₹2,311 55.4 19.3 43.2 -7.5 -3.4 Invesco India PSU Equity Fund Growth ₹67.77
↑ 0.29 ₹1,363 54.5 20.5 31.1 6.1 10.1 SBI PSU Fund Growth ₹33.6726
↑ 0.27 ₹3,695 54 29 32.4 -10 6 Franklin India Opportunities Fund Growth ₹244.758
↓ -0.27 ₹4,576 53.6 -1.9 29.7 27.3 5.4 Franklin India Smaller Companies Fund Growth ₹182.303
↑ 2.64 ₹14,023 52.1 3.6 56.4 18.7 -5 Franklin India Technology Fund Growth ₹522.145
↑ 4.78 ₹1,611 51.1 -22.3 39 56.8 12.4 Invesco India Infrastructure Fund Growth ₹66.18
↑ 0.40 ₹1,470 51.1 2.3 55.4 16.2 6.1 Franklin Build India Fund Growth ₹143.248
↑ 1.24 ₹2,738 51.1 11.2 45.9 5.4 6 L&T Infrastructure Fund Growth ₹49.8985
↑ 0.42 ₹2,779 50.7 3.1 56.3 1.6 -3.1 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 24 Jul 24
Fund NAV Net Assets (Cr) 2023 (%) 2022 (%) 2021 (%) Debt Yield (YTM) Mod. Duration Eff. Maturity DSP BlackRock Credit Risk Fund Growth ₹40.6235
↑ 0.01 ₹192 15.6 9.3 2.9 8.11% 2Y 4M 10D 3Y 3M 22D Invesco India Credit Risk Fund Growth ₹1,762.5
↑ 0.70 ₹141 11.6 2.2 2.8 7.68% 2Y 4M 28D 3Y 4M 20D SBI Credit Risk Fund Growth ₹42.2607
↑ 0.01 ₹2,413 8.3 4.2 5 8.59% 2Y 4M 6D 3Y 9M 11D ICICI Prudential Gilt Fund Growth ₹94.7961
↑ 0.03 ₹6,341 8.3 3.7 3.8 7.23% 3Y 11M 26D 7Y 4M 13D Nippon India Credit Risk Fund Growth ₹32.1892
↑ 0.01 ₹1,027 7.9 3.9 13.5 8.93% 1Y 10M 6D 2Y 2M 8D DSP BlackRock Strategic Bond Fund Growth ₹3,147.17
↑ 1.24 ₹1,149 7.9 1.6 2.4 7.23% 10Y 9M 4D 29Y 7M 13D ICICI Prudential Floating Interest Fund Growth ₹394.39
↑ 0.08 ₹9,802 7.7 4.3 3.8 8.26% 1Y 2M 16D 6Y 7M 24D ICICI Prudential Constant Maturity Gilt Fund Growth ₹22.547
↑ 0.01 ₹2,317 7.7 1.2 2.8 7.16% 6Y 7M 28D 9Y 6M 29D DSP BlackRock 10Y G-Sec Fund Growth ₹20.0344
↑ 0.01 ₹53 7.7 0.1 0.7 7.13% 6Y 9M 11D 9Y 7M 28D ICICI Prudential Bond Fund Growth ₹37.0293
↑ 0.02 ₹2,967 7.7 3.1 2.9 7.42% 5Y 2M 5D 8Y 5M 23D Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 24 Jul 24
Fund NAV Net Assets (Cr) 2023 (%) 2022 (%) 2021 (%) 2020 (%) 2019 (%) JM Equity Hybrid Fund Growth ₹124.756
↑ 0.94 ₹384 33.8 8.1 22.9 30.5 -8.1 BOI AXA Mid and Small Cap Equity and Debt Fund Growth ₹38.27
↑ 0.63 ₹841 33.7 -4.8 54.5 31.1 -4.7 HDFC Balanced Advantage Fund Growth ₹502.628
↑ 1.55 ₹89,903 31.3 18.8 26.4 7.6 6.9 UTI Multi Asset Fund Growth ₹70.0353
↑ 0.15 ₹2,418 29.1 4.4 11.8 13.1 3.9 ICICI Prudential Equity and Debt Fund Growth ₹367.76
↑ 1.28 ₹37,037 28.2 11.7 41.7 9 9.3 UTI Hybrid Equity Fund Growth ₹389.969
↑ 1.35 ₹5,852 25.5 5.6 30.5 13.2 2.5 Edelweiss Multi Asset Allocation Fund Growth ₹60.22
↑ 0.13 ₹1,860 25.4 5.3 27.1 12.7 10.4 DSP BlackRock Equity and Bond Fund Growth ₹332.659
↑ 0.53 ₹9,699 25.3 -2.7 24.2 17 14.2 SBI Multi Asset Allocation Fund Growth ₹55.0166
↑ 0.25 ₹5,537 24.4 6 13 14.2 10.6 L&T Hybrid Equity Fund Growth ₹54.1169
↑ 0.54 ₹5,717 24.3 -3.7 23.1 13.6 6.5 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 24 Jul 24
The process of selecting best mutual funds are as follows.
Investment Objective: Individuals do any investment to accomplish a particular objective. Therefore, it is important to decide why the investment is being done. Some of the objectives for which individuals invest in Mutual Funds are purchasing a house, purchasing a vehicle, Retirement planning, planning for marriage, and much more.
Tenure, Expected Returns, & Risk-Appetite: Once you determine the investment objective, the next step is to determine the tenure of the investment along with expected returns and risk-appetite. Individuals should decide the tenure till which they need to invest. Along with tenure, individuals should also check for expected returns and risk-appetite. Determining the three parameters will help you decide the type of scheme that you can choose to invest.
Check Details About Mutual Fund Scheme: After deciding the type of scheme to invest, individuals should understand about the scheme. People should check various aspects of the scheme such as the fund age, its AUM or asset size of the scheme, expense ratio, and fund performance. Along with these parameters, individuals should also check the credentials of the fund manager managing the scheme.
Check the Credentials of Fund House: Apart from assessing the details of Mutual Fund scheme, individuals should also check the credentials of the fund house or the Asset Management Company (AMC). It is because, it is the fund house that is responsible for managing the schemes. As a result, the fund house is also responsible for the performance of the scheme.
Review Your Investments Regularly: Just Investing is not enough. Individuals should not take a back seat after investing in Mutual Funds. They should review their investments regularly and in a timely manner so that they can earn maximum returns on their investments.