A comprehensive financial plan is essential to make your dreams come true. It can help you become more wealthy and also ensure your financial safety. The best mutual funds will increase your chances of achieving your financial goals. These schemes are carefully designed on the basis market factors. People often wait to see the market and then try to figure out when the right time is to invest in them. This can lead to a decrease in their chances of seeing their wealth grow and flourish.
You need to find good track records to ensure that you can stay invested in stock markets for a long time. This article will help you to understand how to improve your ability to create investment avenues. These are the five best performing mutual funds over the past few years.
Top 5 Mutual Funds Explained
Here’s a list of the top-performing mutual funds.
Franklin India Smaller Companies Mutual Fund
Fund Manager: Mr. R. Janaki Raman
The fund was launched January 13, 2006. It has been producing annualised returns of 15.29% since then. The fund’s total Assets Under Management (AUM), stood at Rs. As of September 30, 2017, the fund had 4898.91 crore. As of September 30, 2017, the fund belonged to the small-cap equity group. It invests mainly in mid-cap and large-cap companies. This amounts to approximately 62%, 17% in large companies, and 11% in debt instruments. The fund has a well-diversified portfolio of 74 stocks.
Birla Sunlife Equity Mutual Fund
Fund Manager: Mr. Anil Shah
The fund is a diversified equity investment fund that seeks out opportunities in all industries and market caps. It aims to achieve long-term capital growth. The scheme was launched in 1998 and has been delivering annualised returns of 24.79% since. Over the past decade, the fund beat its benchmark S&P BSE200. The portfolio includes 69 stocks. Large-cap stocks are given a weighting of 68.33%. Its assets stood at Rs. As of 30 September 2017, the assets under its management stood at Rs. 5529.93 crore
ICICI Prudential Value Discovery Mutual Fund
Manager: Mr. Mrinal S
This open-ended equity fund uses a bottom-up method to pick and classify its investments. The fund’s annualized returns have soared to 22.62% since its inception in 2004. The fund has outperformed the benchmark S&P BSE 500 and produced the highest returns over a three-year, five-year and ten year period. It owns 41 stocks. Its total assets soared to Rs. As of 30 September 2017, it had Rs. 14542.94 Crore.
HDFC Mid-Cap Opportunities Fund – G
Fund Manager: Mr. Chirag Setalvad
This fund was launched in 2007 and aims to increase long-term capital through a portfolio that primarily consists of equity and related securities from small- and medium-cap companies. Since its inception, the fund has delivered 17.40% returns to its investors. The fund’s portfolio includes 75 stocks. Its assets were valued at Rs. As per 30 September 2017, it was worth Rs. 15512.00 crore
UTI Mid Cap Fund (G)
Fund Manager: Mr. Anoop Bhaskar
UTI Mid-Cap, an open-ended equity plan that seeks capital appreciation through primarily investing in mid-cap stocks, is called UTI Mid-Cap. It has been able to deliver annualised returns of 19.51% since its inception in 2004. The total assets of the fund are worth Rs. This fund has a total portfolio of 88 stocks, with a value of Rs. 3542.56 crore on 30 September 2017.
The mutual fund industry can seem like a maze. However, if you approach them with wisdom, they are easy to navigate. You can create lucrative avenues to increase your wealth by investing in the top-performing fund houses.