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Best Mutual Funds to Invest in for Long Term

Updated on April 22, 2024 , 1350 views

If you are planning to make a long-term investment, then Mutual Funds are must to be considered! Mutual funds are a great investment option who wants to grow the value of their money over the long-run. Though, there is no such time frame for the duration of long-term, but it can be typically more than five years. So, let’s see some of the best mutual funds for long term investments.

Best Long Term Mutual Funds

A long-term investment is essential in a lot of ways. It helps in wealth creations, Retirement planning, and one can plan most of their Financial goals like buying house/car, child’s education, international trips, or any other assets. The most advised plan for the long-term is the equity mutual fund. These funds are known for its long-term wealth creation.

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Equities invest in shares and stocks of companies. The longer you invest in these funds, higher are the chances to earn good returns. But, one should always remember that with ‘high returns come high risk’, equities can be risky fund. Nevertheless, if planned well and for long-term, one can attain good returns and achieve their long-term goals.

Investing in Best Equity Mutual Funds can have many benefits like:

Diversification

With best Equity Funds investors can diversify their Portfolio through regularly investing. It means that they can invest in equity stocks of different economic sectors. There are many equity funds like large-cap, mid-cap, multi-cap, small cap, etc. So, even if a particular stock drops in value, the others may help in making up for that loss, depending on the Market situation.

Liquidity

Since stocks are actively traded across all major exchanges, every day, this makes equity funds a highly liquid investment. It provides investors, the convenience of buying and selling their stocks depending on the market situation. By investing in equity mutual funds, the money is usually credited to your Bank account in three days.

Dividend Income

Investing into blue-chip companies may help investors earn a steady Income in the form of dividends. A majority of such companies usually pay out regular dividends even in volatile market conditions, typically paid quarterly. Having a diversified portfolio can provide investors with a steady dividend income in the year.

Best Mutual Funds to Invest in for Long Term

Best Multi Cap Equity Funds

Fund	NAV	Net Assets (Cr)	Min SIP Investment	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2023 (%)
Motilal Oswal Multicap 35 Fund Growth	₹49.7239 ↓ -0.04	₹9,660	500	9	29.7	56	17.5	14	31
Kotak Standard Multicap Fund Growth	₹73.411 ↑ 0.39	₹45,912	500	8.2	21.9	35.9	18.6	15.7	24.2
Mirae Asset India Equity Fund Growth	₹98.036 ↑ 0.25	₹37,885	1,000	4.4	14.9	25.9	15.3	13.8	18.4
JM Multicap Fund Growth	₹89.5483 ↑ 0.39	₹1,774	500	13.2	32.8	62.9	29.6	23.4	40
Principal Multi Cap Growth Fund Growth	₹327.91 ↑ 0.82	₹2,391	100	4.6	21.3	40.8	23	18.1	31.1
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 24 Apr 24

Best ELSS (Tax Saving Mutual Funds)

Fund	NAV	Net Assets (Cr)	Min SIP Investment	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2023 (%)
IDFC Tax Advantage (ELSS) Fund Growth	₹139.526 ↑ 0.44	₹6,253	500	6.1	19.8	39.1	23	19.9	28.3
Tata India Tax Savings Fund Growth	₹38.5971 ↑ 0.14	₹4,028	500	5.7	19.1	35	19.4	16.4	24
L&T Tax Advantage Fund Growth	₹113.431 ↑ 0.72	₹3,674	500	9.8	26.8	44.1	19.7	16.2	28.4
DSP BlackRock Tax Saver Fund Growth	₹116.621 ↑ 0.45	₹14,076	500	6.8	24	42.8	21.8	19.4	30
Principal Tax Savings Fund Growth	₹453.204 ↑ 1.28	₹1,222	500	8.8	20.2	36.7	20.8	16.7	24.5
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 24 Apr 24

Best Large Cap Funds

Fund	NAV	Net Assets (Cr)	Min SIP Investment	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2023 (%)
JM Core 11 Fund Growth	₹18.2768 ↑ 0.03	₹89	500	8.4	26.8	52.5	23.3	14.5	32.9
Nippon India Large Cap Fund Growth	₹79.4991 ↑ 0.15	₹24,378	100	9	23.9	43.9	26.4	17.6	32.1
ICICI Prudential Bluechip Fund Growth	₹96.37 ↑ 0.28	₹53,505	100	7	23.7	40.8	22.5	17.8	27.4
Indiabulls Blue Chip Fund Growth	₹39.21 ↑ 0.17	₹118	500	6.8	23.1	34.6	17.4	13	22.3
Aditya Birla Sun Life Frontline Equity Fund Growth	₹457.6 ↑ 1.79	₹26,878	100	6	18.9	33.2	18.5	15.2	23.1
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 24 Apr 24

Best Mid Cap Funds

Fund	NAV	Net Assets (Cr)	Min SIP Investment	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2023 (%)
L&T Midcap Fund Growth	₹326.07 ↑ 1.74	₹9,741	500	10.9	30.2	58.6	23.2	19.6	40
Sundaram Mid Cap Fund Growth	₹1,127.26 ↑ 6.93	₹10,262	100	6.5	26.9	54.4	26.3	19.5	40.4
Taurus Discovery (Midcap) Fund Growth	₹115.83 ↑ 1.65	₹116	1,000	6.8	23.4	53.9	24.2	21.9	38.4
Kotak Emerging Equity Scheme Growth	₹107.263 ↑ 0.50	₹39,685	1,000	7.5	19.4	41.5	23.5	22.8	31.5
Motilal Oswal Midcap 30 Fund Growth	₹81.999 ↓ -0.27	₹8,987	500	10.9	33.7	62.7	37.7	26.6	41.7
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 24 Apr 24

Best Small Cap Funds

Fund	NAV	Net Assets (Cr)	Min SIP Investment	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2023 (%)
L&T Emerging Businesses Fund Growth	₹74.1453 ↑ 0.59	₹13,401	500	5.7	22.2	51.9	33.8	24.8	46.1
Aditya Birla Sun Life Small Cap Fund Growth	₹77.2 ↑ 0.54	₹4,444	1,000	5.4	18.5	50.9	22.3	17.3	39.4
SBI Small Cap Fund Growth	₹158.615 ↑ 1.17	₹25,435	500	10	20.7	41.8	25.6	25.2	25.3
Nippon India Small Cap Fund Growth	₹150.856 ↑ 0.88	₹45,749	100	7.9	25.9	60	36	30.3	48.9
Franklin India Smaller Companies Fund Growth	₹157.715 ↑ 0.94	₹11,540	500	6.5	26	59.5	33.7	23.8	52.1
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 24 Apr 24

Best Sector Funds

Fund	NAV	Net Assets (Cr)	Min SIP Investment	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2023 (%)
IDFC Infrastructure Fund Growth	₹46.192 ↑ 0.54	₹1,043	100	17.7	45.4	81.3	37	25.2	50.3
Franklin Build India Fund Growth	₹127.1 ↑ 0.66	₹2,191	500	13.1	39.2	76	38.2	24.5	51.1
DSP BlackRock Natural Resources and New Energy Fund Growth	₹85.467 ↓ -0.42	₹990	500	16.4	36.6	47.4	23.5	21.6	31.2
Sundaram Rural and Consumption Fund Growth	₹83.4929 ↑ 0.24	₹1,365	100	4	12.3	37.5	20.7	15	30.2
Aditya Birla Sun Life Banking And Financial Services Fund Growth	₹52.13 ↑ 0.19	₹2,990	1,000	5.6	12.7	29.4	17.9	12.2	21.7
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 24 Apr 24

Best Focused Funds

Fund	NAV	Net Assets (Cr)	Min SIP Investment	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2023 (%)
Axis Focused 25 Fund Growth	₹49.8 ↑ 0.20	₹14,087	500	10.2	20.5	32.8	10.4	12.5	17.2
Aditya Birla Sun Life Focused Equity Fund Growth	₹123.002 ↑ 0.20	₹7,056	1,000	7	21.7	37.5	18.5	15.5	23
HDFC Focused 30 Fund Growth	₹189.147 ↑ 0.94	₹10,433	300	7.9	24	41.6	29.9	19.6	29.6
DSP BlackRock Focus Fund Growth	₹45.444 ↑ 0.47	₹2,189	500	4	18.9	41.6	16.3	14.5	34.2
Franklin India Focused Equity Fund Growth	₹95.9092 ↑ 0.30	₹11,160	500	7.8	22.2	40.3	23.2	18.2	23.5
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 24 Apr 24

Best Value Funds

Fund	NAV	Net Assets (Cr)	Min SIP Investment	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2023 (%)
L&T India Value Fund Growth	₹94.2144 ↑ 0.44	₹11,431	500	9.2	28.8	54.1	28	21.3	39.4
Tata Equity PE Fund Growth	₹315.841 ↑ 1.13	₹7,301	150	9.2	29.2	49.6	25.3	18.6	37
JM Value Fund Growth	₹90.0581 ↑ 0.41	₹581	500	6.5	30.1	64.1	30.4	22.8	47.7
Aditya Birla Sun Life Pure Value Fund Growth	₹115.707 ↑ 0.78	₹5,684	1,000	6.7	26.7	56.3	24.9	17.9	43
Templeton India Value Fund Growth	₹652.786 ↑ 3.75	₹1,820	500	8.5	25	44.7	29.2	20.3	33.7
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 24 Apr 24

Best Dividend Yield Funds

Fund	NAV	Net Assets (Cr)	Min SIP Investment	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2023 (%)
ICICI Prudential Dividend Yield Equity Fund Growth	₹45.74 ↑ 0.28	₹3,626	100	10.6	31	55	32.8	22	38.8
Principal Dividend Yield Fund Growth	₹125.31 ↑ 0.31	₹805	500	5.8	26	44	21.5	18.5	34
Templeton India Equity Income Fund Growth	₹127.177 ↑ 1.15	₹2,075	500	8.9	29.1	42.8	25.8	21.8	33.3
Aditya Birla Sun Life Dividend Yield Fund Growth	₹408.81 ↑ 2.21	₹1,271	1,000	7.2	28.2	51.3	26.9	20.8	40.3
UTI Dividend Yield Fund Growth	₹148.843 ↑ 0.78	₹3,586	500	6.9	24	45.4	21.4	17.8	35.4
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 24 Apr 24

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Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.