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Mutual Funds off late have become a popular mode of investment, and many investors are inclining towards Investing in it. Mutual Funds don’t only offer good returns, but also gives a systematic opportunity to achieve Financial goals, which is of one the reason for their popularity in recent times. However, in order to achieve the desired investment goal or to earn good returns, investing in the right fund is important. That’s why we are here! Investors planning to invest in Mutual Funds, we bring you some of the Best Performing Mutual Funds that you need to consider while investing. These funds have been shortlisted by undertaking important parameters like AUM, NAV, past performances, peer average returns, information ratio, etc.
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Fund NAV Net Assets (Cr) Min Investment Min SIP Investment 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2022 (%) Information Ratio Sharpe Ratio Nippon India Small Cap Fund Growth ₹117.791
↑ 1.09 ₹34,469 5,000 100 17.9 29.5 36 42.1 21.8 6.5 1.58 2.23 L&T Emerging Businesses Fund Growth ₹59.5566
↑ 0.57 ₹10,766 5,000 500 15.7 25.9 31.5 40.1 17.1 1 1.01 2.19 HDFC Small Cap Fund Growth ₹101.791
↑ 0.68 ₹21,067 5,000 300 16.4 28.1 39.6 38.9 17.7 4.6 0 2.77 ICICI Prudential Infrastructure Fund Growth ₹120.77
↑ 0.55 ₹2,917 5,000 100 13.6 21.6 36.5 38.7 19.1 28.8 0 2.71 Franklin India Smaller Companies Fund Growth ₹120.688
↑ 0.60 ₹9,104 5,000 500 15.4 26 37.2 37.8 15.8 3.6 0.42 2.73 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 22 Aug 23 Note: Ratio's shown as on 31 Jul 23
Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 2022 (%) Debt Yield (YTM) Mod. Duration Eff. Maturity Franklin India Ultra Short Bond Fund - Super Institutional Plan Growth ₹34.9131
↑ 0.04 ₹297 1.3 5.9 13.7 8.8 0% 1Y 15D Sundaram Short Term Debt Fund Growth ₹36.3802
↑ 0.01 ₹362 0.8 11.4 12.8 5.3 4.52% 1Y 2M 13D 1Y 7M 3D Sundaram Low Duration Fund Growth ₹28.8391
↑ 0.01 ₹550 1 10.2 11.8 5 4.19% 5M 18D 8M 1D Invesco India Credit Risk Fund Growth ₹1,631.21
↑ 0.24 ₹136 1.1 6.9 9.1 4.9 2.2 7.45% 1Y 6M 25D 2Y 7D Franklin India Short Term Income Plan - Retail Plan Growth ₹5,149.41
↑ 1.55 ₹409 2.4 5.2 9.1 11.2 8.6 0% 6M 2D Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 7 Aug 22
Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2022 (%) ICICI Prudential Equity and Debt Fund Growth ₹273.24
↑ 0.76 ₹24,990 9.6 13.8 18.8 26.8 15.9 11.7 BOI AXA Mid and Small Cap Equity and Debt Fund Growth ₹26.62
↑ 0.10 ₹444 14.2 17.8 21.6 26.1 13.3 -4.8 HDFC Balanced Advantage Fund Growth ₹369.934
↑ 0.81 ₹60,641 9.8 15.2 21.7 25.4 14.1 18.8 ICICI Prudential Multi-Asset Fund Growth ₹535.756
↑ 2.12 ₹21,705 8 11.6 18.9 24.7 15.7 16.8 UTI Hybrid Equity Fund Growth ₹295.495
↑ 0.49 ₹4,799 9 13.6 16.4 21.4 11.2 5.6 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 22 Aug 23
Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2022 (%) Edelweiss Multi Asset Allocation Fund Growth ₹45.49
↑ 0.10 ₹744 8.2 12.9 16.7 20.4 12.1 5.3 UTI Multi Asset Fund Growth ₹51.2645
↑ 0.21 ₹858 6.3 13.2 16.3 12.2 8.5 4.4 Axis Triple Advantage Fund Growth ₹30.6888
↑ 0.05 ₹1,432 3.6 7.2 3.9 12.2 9.6 -5.8 Axis Gold Fund Growth ₹17.6993
↑ 0.06 ₹328 -4 3.6 13.3 2.8 13.6 12.5 SBI Gold Fund Growth ₹17.6311
↑ 0.05 ₹1,341 -4.1 3.6 13 2.8 13.5 12.6 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 22 Aug 23
Before you invest, know the basic risk and average returns of the following Mutual Fund categories:
Mutual Fund Category | Average Return | Risk | Type of Risk |
---|---|---|---|
Equity Funds | 2%-20% | High to Moderate | Volatility Risk, Performance Risk, Concentration Risk |
Debt/Bonds | 8-14% | Low to Moderate | Interest Rate Risk, Credit Risk |
Money market funds | 4%-8% | Low | Inflation Risk, Opportunity Loss |
Balanced Fund | 5-15% | Moderate | Higher exposure to Equity, Debt Holdings |
A sip calculator is a smart tool that solves major queries of investors like ‘how much to invest’, ‘how much would I earn’, ‘how much would be my profit’, etc. A mutual fund calculator, more specifically, SIP calculator pre-determines your investment amount for the tenure you would like to invest for. It is also one of the best tools for effective financial planning. Whether one wants to plan to buy a car, house, plan for retirement, a child's higher education or any other financial goal, the SIP calculator can be used for the same. Here’s how the calculator works:
Illustration:
Monthly Investment: ₹ 2,000
Investment Period: 10 years
Total Amount Invested: ₹ 2,40,000
Long-term Inflation: 5% (approx)
Long-term Growth Rate: 14% (approx)
Expected Returns as per SIP Calculator: ₹ 4,98,585
All you need to do in a SIP calculator is enter some basic inputs like investment amount and period of investing (additional inputs like inflation and expected Market returns will give a more realistic picture). The output of these entries would be the final amount at maturity and gains made.
A similar calculation with a goal in mind can also be made to determine the amount one should invest to reach the goal. You have to choose a particular goal, like the ones below, and estimate the details using the goal calculator.