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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. Aditya Birla Sun Life Savings Fund Growth ₹469.638
↑ 0.11 ₹14,525 2 3.6 6.4 5.2 4.8 7.56% 5M 8D 5M 16D Ultrashort Bond Axis Liquid Fund Growth ₹2,510.96
↑ 0.46 ₹25,739 1.8 3.4 6.3 4.3 4.9 7.09% 1M 8D 1M 8D Liquid Fund Aditya Birla Sun Life Liquid Fund Growth ₹363.672
↑ 0.07 ₹39,131 1.8 3.5 6.3 4.3 4.8 7.32% 1M 20D 1M 20D Liquid Fund UTI Liquid Cash Plan Growth ₹3,702.79
↑ 0.72 ₹27,772 1.8 3.4 6.2 4.3 4.8 7.23% 1M 27D 1M 27D Liquid Fund SBI Magnum Ultra Short Duration Fund Growth ₹5,153.67
↑ 0.87 ₹11,493 1.9 3.5 6.2 4.5 4.5 7.44% 5M 12D 5M 26D Ultrashort Bond ICICI Prudential Ultra Short Term Fund Growth ₹23.8823
↑ 0.00 ₹12,645 1.9 3.5 6.2 5.1 4.5 7.57% 4M 17D 5M 5D Ultrashort Bond Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 26 May 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 ₹51.3085
↑ 0.01 ₹16,489 2.4 3.7 7.4 5.9 4.7 7.98% 2Y 2M 19D 6Y 2M 16D Short term Bond ICICI Prudential Corporate Bond Fund Growth ₹25.3577
↑ 0.00 ₹20,812 2.4 3.8 7.2 5.9 4.5 7.91% 1Y 9M 18D 4Y 8M 23D Corporate Bond HDFC Corporate Bond Fund Growth ₹27.6627
↑ 0.01 ₹26,612 2.6 3.9 7.1 5.6 3.3 7.65% 2Y 7M 16D 5Y 19D Corporate Bond Aditya Birla Sun Life Corporate Bond Fund Growth ₹95.808
↑ 0.02 ₹16,897 2.4 3.9 7 5.9 4.1 7.69% 1Y 3M 11D 1Y 7M 6D Corporate Bond HDFC Short Term Debt Fund Growth ₹27.2571
↑ 0.01 ₹12,127 2.5 3.9 6.7 5.7 3.5 7.7% 2Y 2M 5D 4Y 11M 23D Short term Bond Kotak Corporate Bond Fund Standard Growth ₹3,213.43
↑ 0.41 ₹10,245 2.5 3.6 6.4 5.4 3.7 7.69% 2Y 1M 13D 3Y 8M 26D Corporate Bond Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 26 May 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 ₹32.5964
↑ 0.02 ₹1,852 2.8 4.2 24.1 15.6 8.2 24.8 Medium term Bond ICICI Prudential Medium Term Bond Fund Growth ₹38.213
↑ 0.01 ₹6,580 2.6 3.9 7.5 6.8 7.3 4.2 Medium term Bond Axis Strategic Bond Fund Growth ₹23.7746
↑ 0.01 ₹1,765 3 4.2 7.3 6.5 7.1 3.8 Medium term Bond L&T Resurgent India Bond Fund Growth ₹17.4319
↑ 0.00 ₹696 2.9 4 7 6.3 6.3 2.6 Medium term Bond HDFC Medium Term Debt Fund Growth ₹48.2981
↑ 0.01 ₹4,110 2.8 4 7 6.3 7 2.9 Medium term Bond SBI Magnum Medium Duration Fund Growth ₹43.8099
↑ 0.00 ₹7,222 3 4.3 7.5 5.9 7.8 3.4 Medium term Bond Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 26 May 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 Nippon India Small Cap Fund Growth ₹100.708
↑ 0.49 ₹26,294 10.3 7.1 31.4 50.6 18 6.5 Small Cap Parag Parikh Long Term Equity Fund Growth ₹53.9321
↑ 0.47 ₹33,616 10.8 9.7 20.1 30.4 17.9 -7.2 Multi Cap PGIM India Midcap Opportunities Fund Growth ₹44.6
↑ 0.40 ₹8,072 5.3 -0.9 15.8 40.3 17.8 -1.7 Mid Cap Motilal Oswal Midcap 30 Fund Growth ₹55.5731
↑ 0.61 ₹4,033 10.8 8.5 32.2 41.9 17 10.7 Mid Cap Kotak Small Cap Fund Growth ₹171.365
↑ 0.60 ₹9,230 6.3 4.7 14.6 46 16.8 -3.1 Small 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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