Mutual funds are investment vehicles that pool money from many investors to invest in a diversified portfolio of stocks, bonds, or other securities. Rather than investing directly in individual stocks or bonds, investors buy shares in the mutual fund, which gives them a small portion of the entire portfolio.
Listed below are some of the leading mutual fund scheme’s with High Returns, Low Fees, and Minimal Exit Loads
ICICI Prudential BHARAT 22 FOF Direct
ICICI Prudential BHARAT 22 FOF (the Scheme) is a fund-of-funds scheme with the primary objective of generating returns by investing in units of BHARAT 22 ETF.
This mutual fund currently has a Net Asset Value (NAV) of Rs. 31.82. As of September 30, 2024, the fund manages assets worth Rs. 2,266.67 crores, with a low expense ratio of 0.13 percent for the direct plan. Over the past year, the fund has delivered an impressive return of 27.23 percent , and its 3-year annualized return stands at 35.84 percent
They do not attract any exit load and Minimum investment required is Rs 5,000 and Minimum SIP investment is Rs 1,000.
Sector allocation of the funds are well diversified with a significant portion invested in the energy sector at 31.86%, followed by financials at 19.33%, consumer staples sector makes up 16.22%, while construction accounts for 14.98%, Metals and mining represent 6.87%, and other sectors collectively contribute 10.74%.
Mirae Asset Equity Allocator FoF Direct
Mirae Asset Equity Allocator Fund of Fund scheme with the objective of predominantly investing in units of domestic equity ETFs.
This mutual fund currently has a Net Asset Value (NAV) of Rs. 24.07. As of September 30, 2024, the fund manages assets worth Rs. 865.08 crores, with a low expense ratio of 0.05 percent for the direct plan. Over the past year, the fund has delivered an impressive return of 27.23 percent , and its 3-year annualized return stands at 16.47 percent
The exit load of the company is 0.05 percent if redeemed within 5 days and Minimum investment required is Rs 5,000 and Minimum SIP investment is Rs 99.
Sector allocation of the funds are well diversified with a significant portion invested in the financial sector at 26.78%, followed by technology at 10.60%, energy sector makes up 10.50%, while automobile accounts for 7.43%, consumer staples represent 7.11%, and other sectors collectively contribute 37.58%.
Nippon India Passive Flexicap FoF Direct
Nippon India Passive Flexicap Fund of Fund scheme with the objective of Scheme is to seek long term capital growth by investing in units of Domestic ETFs/Index Funds.
This Flexi-cap mutual fund currently has a Net Asset Value (NAV) of Rs. 20.66. As of September 30, 2024, the fund manages assets worth Rs. 237.41 crores, with a low expense ratio of 0.22 percent for the direct plan. Over the past year, the fund has delivered an impressive return of 22.45 percent , and its 3-year annualized return stands at 16.45 percent
They do not attract any exit load and Minimum investment required is Rs 500 and Minimum SIP investment is Rs 100.
Sector allocation of the funds are well diversified with a significant portion invested in the financial sector at 25.69%, followed by technology at 9.84%, energy sector makes up 9.65%, while consumer staples accounts for 6.94%, services represent 6.83%, and other sectors collectively contribute 41.05%.
Edelweiss Multi Cap Fund Direct
Edelweiss Multi Cap Fund Direct Fund of Fund scheme with the objective of Scheme seeks to generate long-term capital appreciation by investing in a diversified portfolio of equity & equity-related instruments across large cap, mid cap and small cap stocks.
This Multi-cap mutual fund currently has a Net Asset Value (NAV) of Rs. 15.42. As of September 30, 2024, the fund manages assets worth Rs. 2,571.7 crores, with a low expense ratio of 0.26 percent for the direct plan. Over the past year, the fund has delivered an impressive return of 36.91 percent.
The exit load of the company is 1 percent if redeemed within 90 days and Minimum investment required is Rs 1000 and Minimum SIP investment is Rs 100.
Sector allocation of the funds are well diversified with a significant portion invested in the financial sector at 23.44%, followed by capital goods at 12.86%, services makes up 10.56%, while technology accounts for 9.89%, healthcare represent 8.47%, and other sectors collectively contribute 34.78%.
Written by Sridhar J
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
