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Best Performing Mutual Funds in India for 2023 - 2024

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Best Performing Mutual Funds 2023 - 2024

Updated on May 25, 2023 , 170922 views

Mutual Funds in India have grown over the years. As a result, the best performing funds in the Market keep on changing. There are various rating systems in place to judge MF schemes, such as CRISIL, Morning Star, ICRA. These systems evaluate funds based on qualitative and quantitative factors such as returns, asset size, expense ratio, Standard Deviation, etc.

Best Performing Mutual Funds

The summation of all these factors leads to the rating of the best performing mutual funds in India. However, to make the process of Investing easier for investors, we have shortlisted the best performing mutual funds in India along with guidelines to choose the best fund.

Why to Invest in Mutual Funds?

Investing in mutual funds don't just hold one benefit, it comes with multiple advantages that help investors grow their money. It fulfills short-, mid- and long-term investment goals. There are various fund options you can pick to invest, right from low-risk to high-risk schemes like debt and Equity Funds.

One of the important features that draw people's attention to mutual funds is the minimum investment amount. You can start investing in a SIP in just INR 500.

Let's look at some more reasons on why you should invest in Mutual Funds:

1. Liquidity

In open-ended schemes, it is easy to buy and exit a scheme. One can sell your units at any point (it is ideally suggested when markets are high). But, when you invest in a fund, you should know the exit load charges. In mutual funds, the transaction happens a day after the fund house releases that day’s Net Asset Value (NAV).

2. Diversification

The mutual fund holds various financial instruments such as stocks, fixed Income instruments, gold, etc. Due to which, you can enjoy the benefits of diversification by investing in just one scheme. On the contrary, if individuals choose to directly invest in shares they need to research stocks of various companies before putting money.

3. Well-Regulated

The mutual fund Industry in India is well-regulated by SEBI (The Securities and Exchange Board of India). It keeps a check on the functioning of all the mutual funds. In addition, these fund houses are also transparent wherein; they need to publish their performance reports at regular intervals.

4. Expert Management

Each MF scheme is managed by a dedicated fund manager. The fund manager’s objective is to ensure that the investors earn maximum returns from the scheme by keeping a constant watch on the performance and changing the Asset Allocation timely as per the market requirements.

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Best Equity Mutual Funds 2023 - 2024

Below are the top ranked funds from difference categories of equity funds like large-, mid-, small-, multi-cap, ELSS and sectoral funds.

Top 5 Large Cap Equity Funds

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2022 (%)
Nippon India Large Cap Fund Growth ₹58.6834
↑ 0.61
₹13,4328.54.324.533.713.111.3
HDFC Top 100 Fund Growth ₹783.434
↑ 6.27
₹23,1926.22.218.930.212.110.6
SBI Bluechip Fund Growth ₹66.6874
↑ 0.39
₹35,7706.8318.828.611.84.4
ICICI Prudential Bluechip Fund Growth ₹71.32
↑ 0.66
₹35,8775.10.916.22812.26.9
TATA Large Cap Fund Growth ₹350.943
↑ 2.94
₹1,4436.20.415.227.711.33.3
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 26 May 23

Top 5 Mid Cap Equity Funds

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2022 (%)
PGIM India Midcap Opportunities Fund Growth ₹44.6
↑ 0.40
₹8,0725.3-0.915.840.317.8-1.7
Motilal Oswal Midcap 30 Fund  Growth ₹55.5731
↑ 0.61
₹4,03310.88.532.241.91710.7
Axis Mid Cap Fund Growth ₹70.81
↑ 0.65
₹19,5397.94.117.626.615.4-5.1
SBI Magnum Mid Cap Fund Growth ₹156.516
↑ 0.65
₹9,3708.15.920.540.315.13
Kotak Emerging Equity Scheme Growth ₹79.332
↑ 0.59
₹25,9725.33.519.535.714.95.1
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 26 May 23

Top 5 Small Cap Equity Funds

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2022 (%)
Nippon India Small Cap Fund Growth ₹100.708
↑ 0.49
₹26,29410.37.131.450.6186.5
Kotak Small Cap Fund Growth ₹171.365
↑ 0.60
₹9,2306.34.714.64616.8-3.1
SBI Small Cap Fund Growth ₹117.296
↑ 0.37
₹16,5926.51.819.440168.1
ICICI Prudential Smallcap Fund Growth ₹57.47
↑ 0.32
₹5,0369.25.420.647.515.95.7
DSP BlackRock Small Cap Fund  Growth ₹120
↑ 1.08
₹9,4098.45.917.742.714.10.5
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 26 May 23

Top 5 Diversified/Multi-Cap Equity Funds

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2022 (%)
Nippon India Multi Cap Fund Growth ₹178.471
↑ 1.45
₹15,0889.35.628.941.514.514.1
HDFC Equity Fund Growth ₹1,188.93
↑ 7.35
₹33,2225.91.522.236.114.318.3
Mahindra Badhat Yojana Growth ₹21.4939
↑ 0.18
₹1,6337.40.414.732.115.11.6
Franklin India Equity Fund Growth ₹1,027.18
↑ 6.89
₹10,3706.3-0.516.43212.45.3
Baroda Pioneer Multi Cap Fund Growth ₹179.755
↑ 1.39
₹1,6786.42.217.931.212.8-3
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 26 May 23

Top 5 (ELSS) Equity Linked Saving Schemes

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2022 (%)
IDFC Tax Advantage (ELSS) Fund Growth ₹106.313
↑ 1.01
₹4,3337.63.21937.712.84.2
Franklin India Taxshield Growth ₹926.735
↑ 6.26
₹4,7406.3-0.417.131.210.85.4
Nippon India Tax Saver Fund (ELSS) Growth ₹81.8299
↑ 0.80
₹11,4515.5-0.714.831.17.56.9
PGIM India Tax Savings Fund Growth ₹25.67
↑ 0.27
₹4946.52.117.130.913.14.7
HDFC Tax Saver Fund Growth ₹843.992
↑ 3.59
₹10,1795.811930.910.810.5
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 26 May 23

Top 5 Sector Equity Funds

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2022 (%)
ICICI Prudential Infrastructure Fund Growth ₹107.01
↑ 0.05
₹2,3737.87.230.145.415.728.8
Nippon India Banking Fund Growth ₹423.683
↑ 3.24
₹3,98210.64.62741.59.720.7
Kotak Infrastructure & Economic Reform Fund Growth ₹40.801
↑ 0.21
₹8027.89.131.441.114.115.6
HDFC Infrastructure Fund Growth ₹24.873
↑ 0.02
₹6319.13.128.340.2619.3
DSP BlackRock India T.I.G.E.R Fund Growth ₹172.805
↑ 1.60
₹1,9077.8626.140.11313.9
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 26 May 23

Top 5 Value Equity Funds

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2022 (%)
IDFC Sterling Value Fund Growth ₹99.041
↑ 0.95
₹5,4307.85.920.545.312.23.2
Templeton India Value Fund Growth ₹472.108
↑ 2.77
₹95472.323.140.512.515.5
Nippon India Value Fund Growth ₹131.714
↑ 1.08
₹4,8337.70.917.933.212.74.8
ICICI Prudential Value Discovery Fund Growth ₹288.5
↑ 1.56
₹28,4714.53.317.93315.215
L&T India Value Fund Growth ₹63.5889
↑ 0.62
₹8,0885.94.221.832.711.85.2
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 26 May 23

Top 5 Focused Equity Funds

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2022 (%)
HDFC Focused 30 Fund Growth ₹138.49
↑ 0.68
₹4,3805.71.922.736.112.318.3
Nippon India Focused Equity Fund Growth ₹82.7916
↑ 1.06
₹6,1126.7-1.414.433.112.37.7
Franklin India Focused Equity Fund Growth ₹72.0865
↑ 0.62
₹8,2685.8-0.318.432.313.78.9
IIFL Focused Equity Fund Growth ₹32.031
↑ 0.19
₹3,6726.52.921.630.617.3-0.9
ICICI Prudential Focused Equity Fund Growth ₹53.95
↑ 0.66
₹4,1726.51.618.127.513.76
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 26 May 23

Best Debt Funds 2023 - 2024

Below are the top ranked funds from difference categories like. Liquid, Ultra Short, Short Term, GILT, Credit Risk and Corporate Debt from Debt.

Top 5 Ultra Short Term Debt Funds

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)2022 (%)Debt Yield (YTM)Mod. DurationEff. Maturity
Aditya Birla Sun Life Savings Fund Growth ₹469.638
↑ 0.11
₹14,52523.66.45.24.87.56%5M 8D5M 16D
Nippon India Ultra Short Duration Fund Growth ₹3,489.8
↑ 0.54
₹5,1031.93.46.16.14.67.62%5M 5D5M 22D
ICICI Prudential Ultra Short Term Fund Growth ₹23.8823
↑ 0.00
₹12,6451.93.56.25.14.57.57%4M 17D5M 5D
Kotak Savings Fund Growth ₹37.1208
↑ 0.01
₹10,6061.93.56.14.54.57.54%6M 25D9M 18D
SBI Magnum Ultra Short Duration Fund Growth ₹5,153.67
↑ 0.87
₹11,4931.93.56.24.54.57.44%5M 12D5M 26D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 26 May 23

Top 5 Short Term Debt Funds

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)2022 (%)Debt Yield (YTM)Mod. DurationEff. Maturity
Franklin India Short Term Income Plan - Retail Plan Growth ₹5,030.95
↑ 0.89
₹4392.85.17.510.58.60%1Y 3M 25D
IDBI Short Term Bond Fund Growth ₹23.6327
↑ 0.01
₹2623.36.17.936.99%1Y 1M 2D1Y 3M 18D
Principal Short Term Debt Fund Growth ₹38.0285
↑ 0.01
₹1902.63.96.57.23.57.44%2Y 2M 11D3Y 2M 8D
UTI Short Term Income Fund Growth ₹27.174
↑ 0.00
₹2,3572.43.86.46.93.87.7%1Y 10M 2D2Y 3M
BNP Paribas Short Term Fund Growth ₹25.4771
↓ -0.01
₹2580.61.34.66.5 5.16%1Y 11M 26D2Y 3M
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 26 May 23

Top 5 Liquid Funds

FundNAVNet Assets (Cr)1 MO (%)3 MO (%)6 MO (%)1 YR (%)2022 (%)Debt Yield (YTM)Mod. DurationEff. Maturity
Baroda Pioneer Liquid Fund Growth ₹2,598.87
↑ 0.46
₹7,1110.61.83.46.34.97.15%26D29D
Axis Liquid Fund Growth ₹2,510.96
↑ 0.46
₹25,7390.61.83.46.34.97.09%1M 8D1M 8D
UTI Liquid Cash Plan Growth ₹3,702.79
↑ 0.72
₹27,7720.61.83.46.24.87.23%1M 27D1M 27D
Invesco India Liquid Fund Growth ₹3,102.37
↑ 0.56
₹6,6440.61.73.46.24.87.12%1M 24D1M 28D
DSP BlackRock Liquidity Fund Growth ₹3,221.71
↑ 0.64
₹9,3750.61.73.46.24.87.05%1M 2D1M 6D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 28 May 23

Top 5 Banking and PSU Debt Funds

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)2022 (%)Debt Yield (YTM)Mod. DurationEff. Maturity
ICICI Prudential Banking and PSU Debt Fund Growth ₹27.9465
↑ 0.01
₹7,9512.33.76.95.64.37.85%2Y 7M 20D10Y 2M 1D
Kotak Banking and PSU Debt fund Growth ₹55.9797
↓ -0.01
₹6,4162.53.66.75.43.67.79%2Y 9M 7D9Y 9M 29D
Aditya Birla Sun Life Banking & PSU Debt Fund Growth ₹314.13
↑ 0.04
₹8,2582.43.86.55.43.77.48%2Y 3M 11D4Y 10M 6D
HDFC Banking and PSU Debt Fund Growth ₹19.706
↑ 0.00
₹5,8312.43.76.45.33.37.48%2Y 6D3Y 1M 27D
IDFC Banking & PSU Debt Fund Growth ₹21.2178
↓ 0.00
₹15,1372.63.96.45.23.67.38%2Y 5M 5D2Y 10M 20D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 26 May 23

Top 5 Credit Risk Funds

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)2022 (%)Debt Yield (YTM)Mod. DurationEff. Maturity
BOI AXA Credit Risk Fund Growth ₹10.7862
↑ 0.00
₹1581.72.85.243143.16.81%8M 23D11M 8D
Baroda Pioneer Credit Risk Fund Growth ₹18.8465
↑ 0.00
₹1822.13.66.911.84.68.36%1Y 8M 16D3Y 1M 10D
Franklin India Credit Risk Fund Growth ₹25.1821
↑ 0.01
₹1382.64.76.711.16.50%1Y 1M 15D
Nippon India Credit Risk Fund Growth ₹29.547
↑ 0.00
₹1,0112.74.17.29.23.98.97%1Y 10M 6D2Y 2M 8D
Aditya Birla Sun Life Credit Risk Fund Growth ₹17.7081
↑ 0.02
₹1,0372.33.89.58.37.18.3%1Y 8M 26D4Y 5M 5D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 26 May 23

Top 5 Corporate Bond Funds

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)2022 (%)Debt Yield (YTM)Mod. DurationEff. Maturity
Nippon India Prime Debt Fund Growth ₹50.9883
↑ 0.00
₹2,1402.74.17.46.24.37.58%2Y 11M 5D3Y 10M 13D
Aditya Birla Sun Life Corporate Bond Fund Growth ₹95.808
↑ 0.02
₹16,8972.43.975.94.17.69%1Y 3M 11D1Y 7M 6D
ICICI Prudential Corporate Bond Fund Growth ₹25.3577
↑ 0.00
₹20,8122.43.87.25.94.57.91%1Y 9M 18D4Y 8M 23D
HDFC Corporate Bond Fund Growth ₹27.6627
↑ 0.01
₹26,6122.63.97.15.63.37.65%2Y 7M 16D5Y 19D
Franklin India Corporate Debt Fund Growth ₹84.6864
↑ 0.01
₹7662.33.66.15.53.27.31%1Y 7M 20D1Y 11M 17D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 26 May 23

Top 5 GILT Funds

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)2022 (%)Debt Yield (YTM)Mod. DurationEff. Maturity
Edelweiss Government Securities Fund Growth ₹21.0474
↑ 0.01
₹1343.23.96.95.32.57.04%4Y 6M 29D6Y 29D
SBI Magnum Gilt Fund Growth ₹56.5587
↑ 0.02
₹6,4644.15.18.954.27.38%4Y 1M 17D5Y 10M 20D
ICICI Prudential Gilt Fund Growth ₹87.0155
↑ 0.03
₹3,37934.38.253.77.98%2Y 11M 26D9Y 1M 13D
DSP BlackRock Government Securities Fund Growth ₹81.4282
↑ 0.02
₹5813.64.37.54.62.77.32%4Y 5M 16D7Y 2M 19D
Axis Gilt Fund Growth ₹21.607
↑ 0.01
₹2093.23.96.44.22.47.21%3Y 11M 5D5Y 10M 13D
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 26 May 23

Best Hybrid Funds 2023 - 2024

Below are the top ranked funds from difference categories like. Aggresive, Conservative, Arbitrage, Dynamic Allocation, Multi Asset, Equity Savings and solution oriented Hybrid schemes.

Top 5 Balanced Funds

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2022 (%)
HDFC Balanced Advantage Fund Growth ₹338.511
↑ 1.17
₹54,4135.43.619.930.213.218.8
ICICI Prudential Equity and Debt Fund Growth ₹251.27
↑ 1.22
₹22,1454.62.815.330.214.811.7
BOI AXA Mid and Small Cap Equity and Debt Fund Growth ₹23.45
↑ 0.07
₹3924.41.515.229.710.5-4.8
ICICI Prudential Multi-Asset Fund Growth ₹498.865
↑ 2.40
₹17,8124.4416.628.614.216.8
HDFC Hybrid Equity Fund Growth ₹89.247
↑ 0.51
₹19,4395.63.218.226.711.78.9
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 26 May 23

Top 5 Aggressive Hybrid Funds

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2022 (%)
ICICI Prudential Equity and Debt Fund Growth ₹251.27
↑ 1.22
₹22,1454.62.815.330.214.811.7
BOI AXA Mid and Small Cap Equity and Debt Fund Growth ₹23.45
↑ 0.07
₹3924.41.515.229.710.5-4.8
HDFC Hybrid Equity Fund Growth ₹89.247
↑ 0.51
₹19,4395.63.218.226.711.78.9
Kotak Equity Hybrid Fund Growth ₹42.933
↑ 0.30
₹3,4684.42.313.426.412.25
UTI Hybrid Equity Fund Growth ₹273.139
↑ 1.75
₹4,4415.52.815.625.910.35.6
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 26 May 23

Top 5 Conservative Hybrid Funds

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2022 (%)
HDFC Balanced Advantage Fund Growth ₹338.511
↑ 1.17
₹54,4135.43.619.930.213.218.8
ICICI Prudential Equity and Debt Fund Growth ₹251.27
↑ 1.22
₹22,1454.62.815.330.214.811.7
BOI AXA Mid and Small Cap Equity and Debt Fund Growth ₹23.45
↑ 0.07
₹3924.41.515.229.710.5-4.8
ICICI Prudential Multi-Asset Fund Growth ₹498.865
↑ 2.40
₹17,8124.4416.628.614.216.8
HDFC Hybrid Equity Fund Growth ₹89.247
↑ 0.51
₹19,4395.63.218.226.711.78.9
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 26 May 23

Top 5 Arbitrage Funds

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2022 (%)
Invesco India Arbitrage Fund Growth ₹27.489
↑ 0.00
₹3,5071.83.86.14.555.1
Kotak Equity Arbitrage Fund Growth ₹32.1902
↑ 0.01
₹20,5871.83.85.84.45.14.5
SBI Arbitrage Opportunities Fund Growth ₹29.1076
↑ 0.01
₹8,0861.83.95.94.34.94.6
Edelweiss Arbitrage Fund Growth ₹16.7026
↑ 0.01
₹4,6881.73.75.64.25.14.4
ICICI Prudential Equity Arbitrage Fund Growth ₹29.577
↑ 0.01
₹10,1891.83.65.64.254.2
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 26 May 23

Top 5 Dynamic Allocation Funds

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2022 (%)
HDFC Balanced Advantage Fund Growth ₹338.511
↑ 1.17
₹54,4135.43.619.930.213.218.8
ICICI Prudential Balanced Advantage Fund Growth ₹54.39
↑ 0.25
₹45,5843.6311.31910.27.9
Aditya Birla Sun Life Balanced Advantage Fund Growth ₹78.37
↑ 0.45
₹6,3574.82.511.918.39.44.2
Edelweiss Balanced Advantage Fund Growth ₹37.89
↑ 0.21
₹8,9074.31.911.418.310.82.1
Nippon India Balanced Advantage Fund Growth ₹130.069
↑ 0.58
₹6,71241.210.917.18.85.1
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 26 May 23

Top 5 Multi Asset Allocation Funds

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2022 (%)
ICICI Prudential Multi-Asset Fund Growth ₹498.865
↑ 2.40
₹17,8124.4416.628.614.216.8
Edelweiss Multi Asset Allocation Fund Growth ₹42.39
↑ 0.24
₹5395.32.815.924.411.95.3
HDFC Multi-Asset Fund Growth ₹51.622
↑ 0.17
₹1,7354.6312.221.310.64.3
Axis Triple Advantage Fund Growth ₹29.8282
↑ 0.23
₹1,4704.80.18.617.89.9-5.8
UTI Multi Asset Fund Growth ₹48.5856
↑ 0.21
₹8917.46.518.416.97.74.4
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 26 May 23

Top 5 Equity Savings Funds

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2022 (%)
L&T Equity Savings Fund Growth ₹24.749
↑ 0.10
₹1415.35.410.316.57.42
Principal Equity Savings Fund Growth ₹53.5547
↑ 0.18
₹4234.11.99.61694.1
HDFC Equity Savings Fund Growth ₹51.847
↑ 0.13
₹2,5693.32.29.915.38.36
SBI Equity Savings Fund Growth ₹18.3387
↑ 0.08
₹2,2564.53.58.814.57.91.9
DSP BlackRock Equity Savings Fund Growth ₹17.071
↑ 0.05
₹5562.82.67.513.96.84.6
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 26 May 23

Top 5 Solution Oriented Schemes

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2022 (%)
HDFC Retirement Savings Fund - Equity Plan Growth ₹33.716
↑ 0.32
₹2,9647.66.624.336.214.98.6
HDFC Retirement Savings Fund - Hybrid - Equity Plan Growth ₹27.92
↑ 0.16
₹9926.35.619.525.3124.8
Axis Childrens Gift Fund - Compulsory Lock-In Growth ₹19.8568
↑ 0.14
₹7084.70.3818.49.4-7.3
ICICI Prudential Child Care Plan (Gift) Growth ₹206.71
↑ 0.82
₹8896.91.412.720.69.22.6
Tata Retirement Savings Fund-Moderate Growth ₹44.7357
↑ 0.27
₹1,5957.4314.118.88.4-1.9
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 26 May 23

Top 5 Gold Funds 2023 - 2024

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2022 (%)
Axis Gold Fund Growth ₹18.2755
↑ 0.03
₹3168.214.917.57.813.312.5
SBI Gold Fund Growth ₹18.1227
↓ -0.11
₹1,3667.113.816.47.312.812.6
Nippon India Gold Savings Fund Growth ₹23.879
↓ -0.06
₹1,5567.313.916.67.212.612.3
Kotak Gold Fund Growth ₹24.0206
↑ 0.00
₹1,534713.816.17.212.911.7
HDFC Gold Fund Growth ₹18.5815
↓ -0.09
₹1,5426.913.616.37.212.512.7
ICICI Prudential Regular Gold Savings Fund Growth ₹19.2716
↓ -0.03
₹7117.314.216.77.112.612.7
Aditya Birla Sun Life Gold Fund Growth ₹18.0896
↓ -0.15
₹2816.513.416.3712.812.3
Invesco India Gold Fund Growth ₹17.6876
↓ -0.01
₹646.814.417.56.912.612.8
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 26 May 23

Best Mutual Funds Based on 1 Month Performance

1. Motilal Oswal Midcap 30 Fund 

(Erstwhile Motilal Oswal MOSt Focused Midcap 30 Fund)

The investment objective of the Scheme is to achieve long term capital appreciation by investing in a maximum of 30 quality mid-cap companies having long-term competitive advantages and potential for growth. However, there can be no assurance or guarantee that the investment objective of the Scheme would be achieved.

Motilal Oswal Midcap 30 Fund  is a Equity - Mid Cap fund was launched on 24 Feb 14. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 20.4% since its launch.  Ranked 27 in Mid Cap category.  Return for 2022 was 10.7% , 2021 was 55.8% and 2020 was 9.3% .

Below is the key information for Motilal Oswal Midcap 30 Fund 

Motilal Oswal Midcap 30 Fund 
Growth
Launch Date 24 Feb 14
NAV (26 May 23) ₹55.5731 ↑ 0.61   (1.12 %)
Net Assets (Cr) ₹4,033 on 30 Apr 23
Category Equity - Mid Cap
AMC Motilal Oswal Asset Management Co. Ltd
Rating
Risk Moderately High
Expense Ratio 1.46
Sharpe Ratio 0.35
Information Ratio 0.31
Alpha Ratio 3.35
Min Investment 5,000
Min SIP Investment 500
Exit Load 0-1 Years (1%),1 Years and above(NIL)

Growth of 10,000 investment over the years.

DateValue
30 Apr 18₹10,000
30 Apr 19₹9,569
30 Apr 20₹7,833
30 Apr 21₹12,360
30 Apr 22₹17,645
30 Apr 23₹19,536

Motilal Oswal Midcap 30 Fund  SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹470,047.
Net Profit of ₹170,047
Invest Now

Returns for Motilal Oswal Midcap 30 Fund 

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 26 May 23

DurationReturns
1 Month 10.1%
3 Month 10.8%
6 Month 8.5%
1 Year 32.2%
3 Year 41.9%
5 Year 17%
10 Year
15 Year
Since launch 20.4%
Historical performance (Yearly) on absolute basis
YearReturns
2022 10.7%
2021 55.8%
2020 9.3%
2019 9.7%
2018 -12.7%
2017 30.8%
2016 5.2%
2015 16.5%
2014
2013
Fund Manager information for Motilal Oswal Midcap 30 Fund 
NameSinceTenure
Niket Shah1 Jul 202.83 Yr.
Ankush Sood11 Nov 220.47 Yr.
Rakesh Shetty22 Nov 220.44 Yr.

Data below for Motilal Oswal Midcap 30 Fund  as on 30 Apr 23

Equity Sector Allocation
SectorValue
Consumer Cyclical27.97%
Technology17.09%
Industrials13.63%
Basic Materials13.07%
Financial Services8.28%
Health Care5.2%
Real Estate4.3%
Consumer Defensive1.1%
Asset Allocation
Asset ClassValue
Cash9.36%
Equity90.64%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Tube Investments of India Ltd Ordinary Shares (Consumer Cyclical)
Equity, Since 31 Jul 20 | TIINDIA
10%₹401 Cr1,550,000
↑ 26,983
Persistent Systems Ltd (Technology)
Equity, Since 31 Jan 23 | PERSISTENT
6%₹261 Cr550,000
↑ 119,950
KPIT Technologies Ltd (Technology)
Equity, Since 31 Jan 23 | KPITTECH
6%₹254 Cr2,775,000
↑ 675,000
CG Power & Industrial Solutions Ltd (Industrials)
Equity, Since 31 Mar 21 | 500093
6%₹232 Cr7,500,000
↑ 200,000
Navin Fluorine International Ltd (Basic Materials)
Equity, Since 30 Jun 20 | NAVINFLUOR
5%₹206 Cr425,000
↑ 25,000
Deepak Nitrite Ltd (Basic Materials)
Equity, Since 30 Sep 22 | DEEPAKNTR
5%₹198 Cr1,050,000
↑ 125,000
Zomato Ltd (Consumer Cyclical)
Equity, Since 30 Apr 23 | 543320
5%₹182 Cr28,000,000
↑ 28,000,000
Cholamandalam Investment and Finance Co Ltd (Financial Services)
Equity, Since 30 Jun 18 | CHOLAFIN
4%₹174 Cr2,000,000
Phoenix Mills Ltd (Real Estate)
Equity, Since 30 Apr 20 | PHOENIXLTD
4%₹173 Cr1,200,000
↓ -90,000
Indian Hotels Co Ltd (Consumer Cyclical)
Equity, Since 31 Mar 22 | INDHOTEL
4%₹170 Cr5,000,000

2. Aditya Birla Sun Life Digital India Fund

(Erstwhile Aditya Birla Sun Life New Millennium Fund)

A multi-sector open-ended growth scheme with the objective of long term growth of capital, through a portfolio with a target allocation of 100% equity, focusing on investing in technology and technology dependent companies, hardware, peripherals and components, software, telecom, media, internet and e-commerce and other technology enabled companies. The secondary objective is income generation and distribution of dividend.

Aditya Birla Sun Life Digital India Fund is a Equity - Sectoral fund was launched on 15 Jan 00. It is a fund with High risk and has given a CAGR/Annualized return of 11.3% since its launch.  Ranked 33 in Sectoral category.  Return for 2022 was -21.6% , 2021 was 70.5% and 2020 was 59% .

Below is the key information for Aditya Birla Sun Life Digital India Fund

Aditya Birla Sun Life Digital India Fund
Growth
Launch Date 15 Jan 00
NAV (26 May 23) ₹122.28 ↑ 1.45   (1.20 %)
Net Assets (Cr) ₹3,250 on 30 Apr 23
Category Equity - Sectoral
AMC Birla Sun Life Asset Management Co Ltd
Rating
Risk High
Expense Ratio 2.19
Sharpe Ratio -0.85
Information Ratio 1.5
Alpha Ratio 3.75
Min Investment 1,000
Min SIP Investment 100
Exit Load 0-365 Days (1%),365 Days and above(NIL)

Growth of 10,000 investment over the years.

DateValue
30 Apr 18₹10,000
30 Apr 19₹10,810
30 Apr 20₹9,787
30 Apr 21₹19,451
30 Apr 22₹24,650
30 Apr 23₹22,681

Aditya Birla Sun Life Digital India Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹493,520.
Net Profit of ₹193,520
Invest Now

Returns for Aditya Birla Sun Life Digital India Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 26 May 23

DurationReturns
1 Month 9.4%
3 Month 0.5%
6 Month -0.8%
1 Year 11.3%
3 Year 35.9%
5 Year 19.4%
10 Year
15 Year
Since launch 11.3%
Historical performance (Yearly) on absolute basis
YearReturns
2022 -21.6%
2021 70.5%
2020 59%
2019 9.6%
2018 15.6%
2017 22.4%
2016 -3.5%
2015 11.2%
2014 21.1%
2013 50.2%
Fund Manager information for Aditya Birla Sun Life Digital India Fund
NameSinceTenure
Kunal Sangoi16 Jan 149.29 Yr.
Dhaval Joshi21 Nov 220.44 Yr.

Data below for Aditya Birla Sun Life Digital India Fund as on 30 Apr 23

Equity Sector Allocation
SectorValue
Technology80.23%
Industrials8.19%
Communication Services7.48%
Consumer Cyclical2.15%
Financial Services0.06%
Asset Allocation
Asset ClassValue
Cash1.89%
Equity98.11%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Infosys Ltd (Technology)
Equity, Since 30 Apr 05 | INFY
24%₹775 Cr6,188,401
↑ 250,000
Tata Consultancy Services Ltd Shs Dematerialised (Technology)
Equity, Since 30 Apr 05 | TCS
12%₹383 Cr1,190,450
↑ 50,000
HCL Technologies Ltd (Technology)
Equity, Since 31 Dec 10 | HCLTECH
9%₹300 Cr2,821,227
Tech Mahindra Ltd (Technology)
Equity, Since 31 May 13 | TECHM
7%₹221 Cr2,156,718
↑ 50,000
LTIMindtree Ltd (Technology)
Equity, Since 31 Mar 21 | LTIM
7%₹214 Cr485,179
↓ -30,000
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Aug 19 | BHARTIARTL
6%₹197 Cr2,464,697
Cyient Ltd (Industrials)
Equity, Since 31 May 14 | CYIENT
5%₹154 Cr1,306,398
Coforge Ltd (Technology)
Equity, Since 30 Jun 20 | COFORGE
4%₹133 Cr317,413
Birlasoft Ltd (Technology)
Equity, Since 30 Sep 20 | 532400
2%₹81 Cr2,975,656
Sonata Software Ltd Shs Dematerialised (Technology)
Equity, Since 30 Nov 19 | SONATSOFTW
2%₹65 Cr765,145

3. TATA Digital India Fund

The investment objective of the scheme is to seek long term capital appreciation by investing atleast 80% of its net assets in equity/equity related instruments of the companies in Information Technology Sector in India.However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved.The Scheme does not assure or guarantee any returns.

TATA Digital India Fund is a Equity - Sectoral fund was launched on 28 Dec 15. It is a fund with High risk and has given a CAGR/Annualized return of 17.3% since its launch.  Return for 2022 was -23.3% , 2021 was 74.4% and 2020 was 54.8% .

Below is the key information for TATA Digital India Fund

TATA Digital India Fund
Growth
Launch Date 28 Dec 15
NAV (26 May 23) ₹32.5411 ↑ 0.37   (1.16 %)
Net Assets (Cr) ₹6,765 on 30 Apr 23
Category Equity - Sectoral
AMC Tata Asset Management Limited
Rating Not Rated
Risk High
Expense Ratio 0
Sharpe Ratio -1.06
Information Ratio 0.71
Alpha Ratio -2.84
Min Investment 5,000
Min SIP Investment 150
Exit Load 0-3 Months (0.25%),3 Months and above(NIL)

Growth of 10,000 investment over the years.

DateValue
30 Apr 18₹10,000
30 Apr 19₹11,015
30 Apr 20₹9,512
30 Apr 21₹18,556
30 Apr 22₹24,178
30 Apr 23₹21,632

TATA Digital India Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹481,656.
Net Profit of ₹181,656
Invest Now

Returns for TATA Digital India Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 26 May 23

DurationReturns
1 Month 8.9%
3 Month -0.6%
6 Month -2.3%
1 Year 7.8%
3 Year 35.6%
5 Year 18.2%
10 Year
15 Year
Since launch 17.3%
Historical performance (Yearly) on absolute basis
YearReturns
2022 -23.3%
2021 74.4%
2020 54.8%
2019 7.5%
2018 24.9%
2017 19.6%
2016 -6%
2015
2014
2013
Fund Manager information for TATA Digital India Fund
NameSinceTenure
Meeta Shetty9 Mar 212.14 Yr.
Arvindkumar Chetty1 Dec 220.41 Yr.

Data below for TATA Digital India Fund as on 30 Apr 23

Equity Sector Allocation
SectorValue
Technology76.39%
Communication Services13.68%
Industrials4.69%
Consumer Cyclical1.15%
Financial Services0.67%
Health Care0.11%
Consumer Defensive0.1%
Utility0.02%
Energy0.01%
Real Estate0%
Asset Allocation
Asset ClassValue
Cash3.18%
Equity96.82%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Infosys Ltd (Technology)
Equity, Since 31 Jan 16 | INFY
21%₹1,401 Cr11,184,598
Tata Consultancy Services Ltd Shs Dematerialised (Technology)
Equity, Since 31 Jan 16 | TCS
19%₹1,257 Cr3,903,371
HCL Technologies Ltd (Technology)
Equity, Since 31 Jan 16 | HCLTECH
8%₹562 Cr5,283,886
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Oct 21 | BHARTIARTL
8%₹545 Cr6,819,200
LTIMindtree Ltd (Technology)
Equity, Since 28 Feb 21 | LTIM
8%₹538 Cr1,218,062
↑ 10,000
Tech Mahindra Ltd (Technology)
Equity, Since 30 Apr 16 | TECHM
7%₹463 Cr4,523,627
↑ 201,183
Meta Platforms Inc Class A (Communication Services)
Equity, Since 30 Apr 23 | FB2A
3%₹171 Cr87,500
↑ 87,500
Wipro Ltd Shs Dematerialised (Technology)
Equity, Since 31 Jul 18 | WIPRO
2%₹161 Cr4,188,632
↑ 175,000
Cyient Ltd (Industrials)
Equity, Since 28 Feb 21 | CYIENT
2%₹149 Cr1,259,737
Persistent Systems Ltd (Technology)
Equity, Since 31 Jan 16 | PERSISTENT
2%₹144 Cr303,450
↑ 20,000

4. Franklin India Technology Fund

To provide long-term capital appreciation by predominantly investing in equity and equity related securities of technology and technology related companies.

Franklin India Technology Fund is a Equity - Sectoral fund was launched on 22 Aug 98. It is a fund with High risk and has given a CAGR/Annualized return of 18.1% since its launch.  Ranked 41 in Sectoral category.  Return for 2022 was -22.3% , 2021 was 39% and 2020 was 56.8% .

Below is the key information for Franklin India Technology Fund

Franklin India Technology Fund
Growth
Launch Date 22 Aug 98
NAV (25 May 23) ₹306.112 ↑ 2.05   (0.67 %)
Net Assets (Cr) ₹715 on 30 Apr 23
Category Equity - Sectoral
AMC Franklin Templeton Asst Mgmt(IND)Pvt Ltd
Rating
Risk High
Expense Ratio 2.45
Sharpe Ratio -0.68
Information Ratio -0.06
Alpha Ratio 5.17
Min Investment 5,000
Min SIP Investment 500
Exit Load 0-1 Years (1%),1 Years and above(NIL)

Growth of 10,000 investment over the years.

DateValue
30 Apr 18₹10,000
30 Apr 19₹11,252
30 Apr 20₹10,550
30 Apr 21₹18,603
30 Apr 22₹20,252
30 Apr 23₹19,202

Franklin India Technology Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹447,579.
Net Profit of ₹147,579
Invest Now

Returns for Franklin India Technology Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 26 May 23

DurationReturns
1 Month 8.6%
3 Month 3.2%
6 Month 4%
1 Year 11.6%
3 Year 24.2%
5 Year 15.3%
10 Year
15 Year
Since launch 18.1%
Historical performance (Yearly) on absolute basis
YearReturns
2022 -22.3%
2021 39%
2020 56.8%
2019 12.4%
2018 11.9%
2017 19.1%
2016 -2.6%
2015 3.8%
2014 16.8%
2013 53.3%
Fund Manager information for Franklin India Technology Fund
NameSinceTenure
Anand Radhakrishnan3 Mar 0716.17 Yr.
Varun Sharma30 Nov 157.42 Yr.
Sandeep Manam18 Oct 211.53 Yr.

Data below for Franklin India Technology Fund as on 30 Apr 23

Equity Sector Allocation
SectorValue
Technology65.22%
Communication Services13.15%
Consumer Cyclical9.26%
Financial Services4.2%
Industrials2.51%
Basic Materials0.81%
Health Care0.13%
Real Estate0.12%
Asset Allocation
Asset ClassValue
Cash3.22%
Equity96.52%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Tata Consultancy Services Ltd Shs Dematerialised (Technology)
Equity, Since 31 Aug 04 | TCS
12%₹85 Cr264,394
Infosys Ltd (Technology)
Equity, Since 29 Feb 12 | INFY
11%₹75 Cr600,289
HCL Technologies Ltd (Technology)
Equity, Since 30 Jun 14 | HCLTECH
9%₹67 Cr628,738
Franklin Technology I Acc USD
Investment Fund | -
9%₹64 Cr175,810
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jan 18 | BHARTIARTL
5%₹38 Cr470,047
Tech Mahindra Ltd (Technology)
Equity, Since 28 Feb 14 | TECHM
4%₹30 Cr297,106
↑ 8,700
Zomato Ltd (Consumer Cyclical)
Equity, Since 31 Jul 21 | 543320
4%₹28 Cr4,388,580
↑ 619,176
PB Fintech Ltd (Financial Services)
Equity, Since 30 Nov 21 | 543390
4%₹27 Cr442,747
↑ 52,231
Cognizant Technology Solutions Corp Class A (Technology)
Equity, Since 31 Jan 23 | CTSH
4%₹26 Cr54,229
Zensar Technologies Ltd (Technology)
Equity, Since 31 Jan 23 | ZENSARTECH
3%₹22 Cr795,209
↑ 140,847

5. UTI Transportation & Logistics Fund

Investment Objective is “capital appreciation” through investments in stocks of the companies engaged in the transportation and logistics sector.

UTI Transportation & Logistics Fund is a Equity - Sectoral fund was launched on 11 Apr 04. It is a fund with High risk and has given a CAGR/Annualized return of 15.7% since its launch.  Ranked 19 in Sectoral category.  Return for 2022 was 14.7% , 2021 was 24.3% and 2020 was 11% .

Below is the key information for UTI Transportation & Logistics Fund

UTI Transportation & Logistics Fund
Growth
Launch Date 11 Apr 04
NAV (26 May 23) ₹162.563 ↑ 0.90   (0.56 %)
Net Assets (Cr) ₹2,019 on 30 Apr 23
Category Equity - Sectoral
AMC UTI Asset Management Company Ltd
Rating
Risk High
Expense Ratio 2.33
Sharpe Ratio 0.54
Information Ratio 0
Alpha Ratio 0
Min Investment 5,000
Min SIP Investment 500
Exit Load 0-1 Years (1%),1 Years and above(NIL)

Growth of 10,000 investment over the years.

DateValue
30 Apr 18₹10,000
30 Apr 19₹7,479
30 Apr 20₹5,356
30 Apr 21₹8,841
30 Apr 22₹10,567
30 Apr 23₹12,018

UTI Transportation & Logistics Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹357,992.
Net Profit of ₹57,992
Invest Now

Returns for UTI Transportation & Logistics Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 26 May 23

DurationReturns
1 Month 8.3%
3 Month 10.8%
6 Month 6.4%
1 Year 23.3%
3 Year 34.4%
5 Year 6.2%
10 Year
15 Year
Since launch 15.7%
Historical performance (Yearly) on absolute basis
YearReturns
2022 14.7%
2021 24.3%
2020 11%
2019 -8.7%
2018 -19.5%
2017 39.6%
2016 4.8%
2015 5.7%
2014 104%
2013 24.7%
Fund Manager information for UTI Transportation & Logistics Fund
NameSinceTenure
Sachin Trivedi22 Sep 166.61 Yr.

Data below for UTI Transportation & Logistics Fund as on 30 Apr 23

Equity Sector Allocation
SectorValue
Consumer Cyclical76.38%
Industrials17.07%
Financial Services1.45%
Asset Allocation
Asset ClassValue
Cash5.1%
Equity94.9%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 30 Apr 04 | MARUTI
13%₹260 Cr302,653
Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 30 Apr 04 | M&M
13%₹258 Cr2,102,981
Tata Motors Ltd (Consumer Cyclical)
Equity, Since 30 Apr 04 | TATAMOTORS
10%₹212 Cr4,361,951
Eicher Motors Ltd (Consumer Cyclical)
Equity, Since 30 Nov 08 | EICHERMOT
10%₹196 Cr592,702
Bajaj Auto Ltd (Consumer Cyclical)
Equity, Since 30 Apr 18 | BAJAJ-AUTO
7%₹142 Cr319,911
Adani Ports & Special Economic Zone Ltd (Industrials)
Equity, Since 31 May 13 | ADANIPORTS
5%₹106 Cr1,553,961
Ashok Leyland Ltd Shs Dematerialised (Industrials)
Equity, Since 30 Jun 17 | 500477
4%₹86 Cr5,883,869
↑ 400,000
Hero MotoCorp Ltd (Consumer Cyclical)
Equity, Since 31 Mar 12 | HEROMOTOCO
3%₹67 Cr262,963
TVS Motor Co Ltd Shs Dematerialised (Consumer Cyclical)
Equity, Since 30 Sep 19 | TVSMOTOR
3%₹60 Cr523,301
InterGlobe Aviation Ltd (Industrials)
Equity, Since 31 May 18 | INDIGO
3%₹55 Cr274,120

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Smart Tips to Invest in Best Mutual Funds: Lump Sum & SIP Investments

A perfect way to invest in the best performing mutual funds is by looking at both its qualitative and quantitative measures, such as:

1. Scheme Asset Size

Investors should always go for a fund that is neither too big nor too small in size. While there is no perfect definition and relation between the size of the fund, it is said that both too small or too large, can hinder a fund’s performance. Less Asset Under Management ( AUM) in any scheme is very risky as you don't know who the investors are & what quantum of investments they have in a particular scheme. Thus, while choosing a fund, it is advisable to go for the one whose AUM is approximately the same as the category.

2. Fund Performance

To invest in the best performing mutual funds, the investors should do a fair assessment of the fund's performances for over a period of time. Also, it is suggested to go for a scheme that consistently beats its benchmark over 4-5 years, additionally, one should see each period to check if the fund is able to beat the benchmark.

3. Total Expense Ratio

Investors who want to make investments in mutual funds have to bear certain charges like management fees, operation costs, etc., charged by the Asset Management Company (AMC). Many times, investors go for a fund that has a lower expense ratio, but it is something that should not supersede other important factors such as fund performance, etc.

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.
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