Best Mutual fund schemes to invest in 2022
It is a new financial year, a perfect time for financial planning for this year. If you think that shortlisting the top 5 mutual funds is a drill that you follow each year but never go ahead with the actual investment, we will help you change this. What if we tell you that investing in just the top mutual funds may not always be wise? Are you confused? Let us explain what you must do instead.
Investing in the top 5 mutual funds can be risky because they may be trending currently but may not always perform in the long run. So, it is best to invest in the best funds from different categories instead. Also, you have to be mindful of their historical performance, NAV, the performance of the sector, and more. So, when you select top-performing mutual funds from each category you get a chance to diversify your portfolio and reduce the risk. Too difficult? Let us make this easy for you. Here are the best mutual fund schemes from each category.
5 large-cap funds
- IDBI India Top 100 Equity Fund has yielded 24.66% returns in 1 year and 19.08% in 3 years.
- UTI Master share Unit Scheme stands at 20.31% 1-year returns and 16.90% return in 3 years.
- Canara Robeco Bluechip Equity Fund has given 17.19% returns in 1 year and 19.30 in 3 years.
- Kotak Bluechip Fund has earned an 18.18% return in 1 year and a 17.11% return in 3 years
- LIC MF Large Cap Fund stands at 20.93% return in 1 year and 16.67 in the last 2 years
5 mid-cap funds
- Quant Mid Cap Fund (Growth) has performed well last year with a 42.2% return in last year and a 30% return in the last 3 years
- Kotak Emerging Equity Scheme (Growth) with 24.5% return in last year and 22.8% in last 3 years.
- PGIM India Midcap Opportunities Fund (Growth) with 34.2% returns last year and 32.3% in the last 3 years.
- Nippon India Growth Fund (Growth) with a 28.5% return last year 21.8% in the last 3 years
- SBI Magnum Midcap Fund (Growth) with 26.2% returns last year and 22.1% in the last 3 years.
5 small-cap funds
- Quant Small Cap Fund with whopping 57.52% returns in 1 year and 35.98% returns in the last 3 years.
- BOI AXA Small Cap Fund has 43.27% returns in 1 year and 34.30% returns in 3 years.
- Kotak Small Cap Fund has given 35.77% in 1 year and 30.81% returns in the last 3 years.
- Nippon India Small Cap Fund with 43.19 % return in 1 year and 27.42% growth in last 3 years.
- Union Small Cap Fund has yielded 35.99% growth in 1 year and 26.73% growth in the past 3 years.
So, now that you know the best mutual funds to invest in, you can make prudent choices. If you want more information, please connect with us.
