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Top Ranked Mutual Funds as per Risk Appetite
While Investing, investors always look for the top ranked Mutual Funds to create a balanced Portfolio and earn better returns. Selecting and adding top performing funds in the portfolio is an essential process of investing in Mutual Funds. It is also a strategic way to accomplish a specific investment objective. To make the process of investing easy & simple for investors, we have shortlisted the top ranked Mutual Funds for investors with different risk appetite. Be it risk-averse investors, low-risk takers, moderate risk takers to high-risk takers, investors can invest according to their ability to tolerate risk in the investment.
However, investors can also choose funds independently, that’s by doing a self-analysis. Here are the top parameters that investors need to consider while looking for the Best Performing Mutual Funds.
Best Mutual Funds to Invest - Selection Criteria
Investors can determine the Top Mutual Funds to invest by themselves. Do to so, you need to consider various parameters, which determines the potential of the schemes. All the top ranking Mutual Fund schemes in India hold these traits, which therefore makes them the must-have schemes in the portfolio-
Fund Performance
Investors should evaluate the fund's performances for over a period of time. It is advised to go for a scheme that consistently beats its benchmark for over 4-5 years. Moreover, one should see each period, if the fund is able to beat its benchmark.
Fund Manager
A fund manager overall plays an important role in the fund’s performance. Therefore, you should know who is the fund manager of the scheme that you wish to invest and his past track record. Investors should analyse the performance the fund that is managed by the fund manager. Top ranked Mutual Fund would mostly have the fund manager who have been consistent over his career.
Expense Ratio
Schemes that are top performers may have a low or a high expense ratio, but the schemes are worth investing. The expense ratio is the charges like management fees, operating 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 which should not surpass other important factors such as fund performance, etc.
Asset Size
While choosing a top performing scheme, it is suggested to go for the one whose AUM (Asset Under Management) is approximately same as the category.
Investors looking for a hassle-free investment, here's the best Mutual Funds to invest in 2023. These funds have been shortlisted as per the category ranking.
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Top Ranked Mutual Funds for Risk Averse Investors
Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 2022 (%) Debt Yield (YTM) Mod. Duration Eff. Maturity Sub Cat. Axis Liquid Fund Growth ₹2,454.31
↑ 0.46 ₹29,674 1.6 3.1 5.1 4.2 4.9 6.47% 1M 4D 1M 5D Liquid Fund UTI Liquid Cash Plan Growth ₹3,619.92
↑ 0.64 ₹23,212 1.6 3 5.1 4.1 4.8 6.38% 1M 3D 1M 3D Liquid Fund Aditya Birla Sun Life Liquid Fund Growth ₹355.373
↑ 0.07 ₹39,953 1.6 3 5.1 4.2 4.8 6.81% 1M 28D 1M 28D Liquid Fund DSP BlackRock Liquidity Fund Growth ₹3,150.32
↑ 0.58 ₹11,186 1.6 3 5 4.1 4.8 6.61% 1M 6D 1M 10D Liquid Fund IDFC Cash Fund Growth ₹2,668.43
↑ 0.48 ₹11,163 1.6 3 5 4.1 4.8 6.6% 25D 26D Liquid Fund HDFC Liquid Fund Growth ₹4,332.19
↑ 0.81 ₹58,671 1.6 3 5 4.1 4.8 6.64% 1M 14D 1M 14D Liquid Fund Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 27 Jan 23
Top Ranked Mutual Funds for Low to Moderate Investors
Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 2022 (%) Debt Yield (YTM) Mod. Duration Eff. Maturity Sub Cat. ICICI Prudential Short Term Fund Growth ₹49.8809
↓ -0.01 ₹15,528 1.5 3.4 5.2 6.2 4.7 7.85% 1Y 4M 20D 4Y 8M 19D Short term Bond ICICI Prudential Corporate Bond Fund Growth ₹24.6438
↑ 0.00 ₹16,440 1.4 3.5 5.1 6.2 4.5 7.74% 12M 4Y 4M 10D Corporate Bond Aditya Birla Sun Life Corporate Bond Fund Growth ₹93.1487
↓ -0.01 ₹12,603 1.7 3 4.4 6.5 4.1 7.6% 1Y 10M 10D 2Y 4M 13D Corporate Bond HDFC Short Term Debt Fund Growth ₹26.4959
↓ -0.01 ₹11,258 1.7 2.9 3.9 5.9 3.5 7.72% 2Y 11D 3Y 5M 8D Short term Bond IDFC Banking & PSU Debt Fund Growth ₹20.6292
↑ 0.00 ₹14,408 1.6 2.7 3.8 5.8 3.6 6.8% 2M 23D 3M Banking & PSU Debt SBI Short Term Debt Fund Growth ₹26.8211
↓ -0.01 ₹13,340 1.7 2.7 3.7 5.2 3.5 7.48% 1Y 9M 11D 2Y 2M 1D Short term Bond Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 27 Jan 23
Top Ranked Mutual Funds for Moderate to High Investors
Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2022 (%) Sub Cat. Aditya Birla Sun Life Medium Term Plan Growth ₹31.5648
↓ -0.02 ₹1,647 1.7 3.1 25.1 13 7.8 24.8 Medium term Bond ICICI Prudential Medium Term Bond Fund Growth ₹37.1192
↓ -0.01 ₹6,255 1.7 3.1 4.8 6.5 6.9 4.2 Medium term Bond ICICI Prudential Gilt Fund Growth ₹83.9474
↓ -0.04 ₹2,601 1.1 3.9 5.4 6.4 7.5 3.7 Government Bond Axis Strategic Bond Fund Growth ₹23.0278
↓ -0.01 ₹1,598 1.7 2.9 4.2 6.3 6.6 3.8 Medium term Bond SBI Magnum Medium Duration Fund Growth ₹42.4215
↓ -0.03 ₹7,146 1.9 3.1 3.8 6.3 7.3 3.4 Medium term Bond SBI Magnum Gilt Fund Growth ₹54.3611
↓ -0.13 ₹3,968 1.8 3.9 4.9 6.2 7.5 4.2 Government Bond Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 27 Jan 23
Top Ranked Mutual Funds for High Risk Investors
Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2022 (%) Sub Cat. Principal Emerging Bluechip Fund Growth ₹183.316
↑ 2.03 ₹3,124 2.9 13.6 38.9 21.9 19.2 Large & Mid Cap PGIM India Midcap Opportunities Fund Growth ₹42.3
↓ -0.29 ₹7,558 -5.2 0.7 -1.1 29.2 15.3 -1.7 Mid Cap Parag Parikh Long Term Equity Fund Growth ₹48.4481
↓ -0.11 ₹28,248 -0.7 6.2 -0.6 21.1 14.8 -7.2 Multi Cap Kotak Small Cap Fund Growth ₹158.504
↓ -1.35 ₹8,498 -3.8 1.7 -1.4 25.8 13.7 -3.1 Small Cap BNP Paribas Multi Cap Fund Growth ₹73.5154
↓ -0.01 ₹588 -4.6 -2.6 19.3 17.3 13.6 Multi Cap Axis Mid Cap Fund Growth ₹63.92
↓ -0.64 ₹19,144 -6 -1.1 -3 15.7 13.5 -5.1 Mid Cap Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 31 Dec 21
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