A mutual fund is an investment vehicle that pools money from the general public to invest in securities like stocks, bonds, money market instruments, and other assets. It gives small or individual investors access to diversified, professionally managed portfolios.
A mutual fund has a fund manager, who is legally obligated to work in the best interest of mutual fund shareholders.
These are the top-performing mutual funds that you can consider according to your risk appetite:
Low Risk ( Funds with majority investment in large-cap companies)
ICICI Prudential Bluechip Funds Direct Growth
The scheme seeks to generate long-term capital appreciation and income distribution to investors from a portfolio that is predominantly invested in equity and equity-related securities of large-cap companies. Launched on May 23, 2008, ICICI Prudential Bluechip Fund is an open-ended equity scheme predominantly investing in large-cap stocks.
The current Net Asset Value (NAV) of the fund is Rs. 86.31 and the fund size of this scheme is Rs. 41,269 crores. The total Asset Under Management(AUM) of the mutual fund house is Rs. 4,70,644 crores. The fund has an expenses ratio of 1.01 percent and an exit load of 1 percent if redeemed for up to one year.
This mutual fund has delivered more than 15 percent returns in five years CAGR. The top holdings of this fund are ICICI Bank, Larsen & Toubro Ltd, Reliance Industries, and more. The fund manager has invested 98 percent of the fund amount in equity, 0.8 percent in debt, and the remaining 5.4 percent is kept in cash.
Canara Bank Rebeco Bluechip fund Direct Growth
The fund seeks to provide capital appreciation by predominantly investing in companies having a large market capitalization. This fund is mainly focused on investing in any 150 stocks ranked based on market capitalization.
The current Net Asset Value (NAV) of the fund is Rs. 52.41 and the fund size of this scheme is Rs. 10,182 crores. The total Asset Under Management(AUM) of the mutual fund house is Rs. 47,886 crores. The fund has an expenses ratio of 0.45 percent and an exit load of 1 percent if redeemed for up to one year.
This mutual fund has delivered more than 16 percent returns in five years CAGR. The top holdings of this fund are HDFC Bank, ICICI Bank, Reliance Industries, and more. The fund manager has invested 95.4 percent of the fund amount in equity, and the remaining 4.5 percent is kept in cash.
Moderate Risk (Funds with majority investment in mid-cap companies)
Quant Mid Cap Fund Direct Growth
The scheme aims to provide long-term capital appreciation and generate income with a diversified portfolio of mid-cap companies.
The current Net Asset Value (NAV) of the fund is Rs. 185.98 and the fund size of this scheme is Rs. 3,267 crores. The total Asset Under Management(AUM) of the mutual fund house is Rs. 6,179 crores. The fund has an expenses ratio of 0.76 percent and an exit load of 0.5 percent if redeemed within 3 months.
This mutual fund has delivered more than 27 percent returns in five years CAGR. The top holdings of this fund are Linde India Ltd, Reliance Industries, Dixon Technologies (India) Ltd, NMDC Ltd, and more. The fund manager has invested 97.4 percent of the fund amount in equity, and the remaining 5.3 percent in debt.
Motilal Oswal Midcap Fund Direct Growth
The scheme seeks to achieve long-term capital appreciation by investing in a maximum of 30 quality mid-cap companies having long-term competitive advantages and potential growth.
The current Net Asset Value (NAV) of the fund is Rs. 72.98 and the fund size of this scheme is Rs. 6,059 crores. The total Asset Under Management(AUM) of the mutual fund is Rs. 31,049 crores. The fund has an expenses ratio of 0.68 percent and an exit load of 1 percent if redeemed within 15 days.
This mutual fund has delivered more than 27 percent returns in five years CAGR. The top holdings of this fund are Persistent Systems Ltd, JIO Financial Sevices Ltd, Zomato Ltd, and more. The fund manager has invested 97.4 percent of the fund amount in equity, and the remaining 2.5 percent is kept in cash.
High Risk ( Funds with majority investment in small cap companies)
Quant Small Cap Fund Direct Growth
The scheme seeks to generate capital appreciation by investing in a well-diversified portfolio of small-cap companies.
The current Net Asset Value (NAV) of the fund is Rs. 200.80 and the fund size of this scheme is Rs. 9,520 crores. The total Asset Under Management(AUM) of Qunt mutual fund is Rs. 6,179 crores. The fund has an expenses ratio of 0.68 percent and an exit load of 1 percent if redeemed within 15 days.
This mutual fund has delivered more than 30 percent returns in five years CAGR. The top holdings of this fund are Reliance Industries (both in equity and futures), BSE Ltd, IRB Infrastructure Ltd, Bikaji Foods International Ltd, and more. The fund manager has invested 95.5 percent of the fund amount in equity, 3.6 percent allocated on debt and the remaining 0.8 percent is kept in cash.
Nippon India Small Cap Fund Direct Growth
The scheme seeks to generate long-term capital appreciation by investing in equity and equity-related instruments of small-cap companies.
The current Net Asset Value (NAV) of the fund is Rs. 139.13 and the fund size of this scheme is Rs. 37,319 crores. The total Asset Under Management(AUM) of the mutual fund house is Rs. 2,77,915 crores. The fund has an expenses ratio of 0.71 percent and an exit load of 1 percent if redeemed within 1 month.
This mutual fund has delivered more than 26 percent returns in five years CAGR. The top holdings of this fund are Tube Investment Of India Ltd, HDFC Bank, Apar Industries, and more. The fund manager has invested 96.2 percent of the fund amount in equity, and the remaining 3.7 percent is kept in cash.
Written by Vaibhav Patil
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