Since mutual funds offer a varied portfolio of stocks, bonds, and other securities, they are quickly gaining popularity in India. Unlike stocks needing ongoing performance monitoring, mutual funds are a secure investing option preferred by specialists and beginners. In this article we have listed top 10 mutual funds in India for your profitable and risk-free investment. You can invest in mutual funds by investing lumpsum amount or by SIP after choosing the best mutual fund for SIP.
Professionals with extensive experience oversee these mutual funds and their Systematic Investment Plan (SIP), intended to maximize returns while minimizing risks. For example, the AUM of the top 10 mutual funds in India, including the ICICI Prudential Bluechip Fund, climbed by 16.77%, and the Nippon India Mutual Fund by 37.06% during the last 12 months of 2023.
Nonetheless, investors may find it challenging to select the best mutual fund due to the existence of up to 44 AMFI (Association of Mutual Funds in India) certified fund providers in India, which collectively provide over 2,500 mutual fund plans. We have listed the top 10 mutual funds or the best sip to invest in India, which are well-known for their dependable performance and popular among the many available alternatives.
What are mutual funds and SIPs?
The best mutual fund to invest in, might be a wise method to increase your wealth without the headache of picking particular stocks or commodities. These investment vehicles combine the funds of several participants to make investments in bonds, equities, and commodities, among other things.
Furthermore, investing in mutual funds conveniently is possible with the best SIP in India. Unlock potential gains through rupee cost averaging and long-term wealth accumulation by consistently investing a set amount of money into the best SIP to invest for optimal returns.
These investment choices can benefit many people since they offer the opportunity to start with little funds. You may begin investing with as little as ₹ 500 for a monthly systematic savings plan or ₹ 5,000 for a one-time payment. You may start investing in mutual funds.
List of Top 10 Mutual Funds In India
The top 10 mutual funds in India offer diversified investment options accessed through either a lumpsum method or a SIP. Among these, the best SIP plan starts with a minimum investment amount as low as Rs. 100 monthly you can invest with this amount easily by any mutual fund app.
Investing in these funds allows individuals to diversify their portfolios and achieve attractive returns. This feature makes investing more accessible and convenient for those seeking long-term wealth.
Nippon India Small Cap Fund
Investors who want to invest in the Nippon India Small Cap Fund stand to get several benefits. Investors may access companies whose market sizes are between large and small companies since the fund invests in mid-cap stocks.
Additionally, the fund is relatively risky because it seeks to balance possible rewards with risk. The fund has continuously outperformed its rivals over the last one, three, five, and ten years, providing better-annualized returns. In addition, a group of seasoned fund managers oversees the fund, adhering to a disciplined investing strategy to achieve the fund’s goals.
Fund Details
- AUM – ₹ 45,894.01 Cr
- Aim – long-term capital appreciation
- Focus – 95.98% Equity, 0.02% Debt, 4% Others
- Minimum Investment – ₹ 5000
- Fund Category – Equity: Small Cap
- Fund Manager – Mr. Samir Rachh, Mr. Tejas Sheth
- NAV (Feb 09, 2024) – ₹ 143.361
- Average Annual Returns Since Inception – 22.02%
- Annualized Returns – 55.90%
- Expense Ratio (Jan 26, 2024) – 1.52%
- Exit Load – 1% (if redeemed within one month)
- Suitable Period Of Investment – 3 – 4 years
SIP Illustration
- Minimum Investment – ₹ 100
- Investment Value – ₹ 1200
- Sell Value – ₹ 1555.85
- Profit/Loss – 355.85 (29.65%)
- Expected Percentage – 58.58%
Nippon India Multicap Fund
The open-ended Nippon India Multi-Cap Fund invests in large, mid, and small-cap equities to achieve long-term capital growth. The fund’s investing strategy focuses on India’s high-potential sectors and industries. Under the direction of seasoned fund managers, the Nippon India Multi-Cap Fund has continuously produced competitive returns.
Fund Details
- AUM – ₹ 25,722.95 Cr
- Aim – generate capital appreciation & provide long-term growth opportunities
- Focus – 98.56% Equity, 0.01% Debt, 1.43% Others
- Minimum Investment – ₹100
- Fund Category – Equity: Multi-Cap
- Fund Manager – Sailesh Raj Bhan, Ashutosh Bhargava
- NAV (Feb 09, 2024) – ₹ 239.86
- Average Annual Returns Since Inception – 45.75%
- Annualized Returns – 44.68%
- Expense Ratio (Jan 26, 2024) – 1.65%
- Exit Load – 1% (if redeemed in a year)
- Suitable Period Of Investment – 3 – 4 years
SIP Illustration
- Minimum Investment – ₹100
- Investment Value – ₹ 1200
- Sell Value – ₹ 1500.22
- Profit/Loss – 300.22 (25.02%)
- Expected Percentage – 48.92%
ICICI Prudential Bluechip Fund
An open-ended equity strategy that mostly makes investments in large-cap equities is called the ICICI Prudential Bluechip Fund. Its objective is to generate long-term wealth for investors, and throughout the years, it has regularly produced competitive returns.
Fund Details
- AUM – ₹ 47,928.62 Cr
- Aim – long-term capital appreciation and income distribution to investors
- Focus – 95.46% Equity, 0.47% Debt, 4.07% Others
- Minimum Investment – ₹100
- Fund Category – Equity: Large Cap
- Fund Manager – Anish Tawakley, Vaibhav Dusad, Sharmila D’mello
- NAV (Feb 09, 2024) – ₹ 92.64
- Average Annual Returns Since Inception – 15.18%
- Annualized Returns – 34.07%
- Expense Ratio (Jan 26, 2024) – 1.53%
- Exit Load – 1% (if redeemed in a year)
- Suitable Period Of Investment – 3 – 4 years
SIP Illustration
- Minimum Investment – ₹100
- Investment Value – ₹ 1200
- Sell Value – ₹ 1469.85
- Profit/Loss – 269.85 (22.49%)
- Expected Percentage – 43.73%
HDFC Mid-Cap Opportunities Fund
The HDFC Mid-Cap Opportunities Fund is one mutual fund that focuses on investing in medium-sized companies. The most current data indicates that the fund has generated competitive returns since its introduction despite high risk.
Mid-cap stocks must comprise most of the fund’s portfolio or at least 65% of its assets. The fund invests in debt instruments and large-cap stocks as part of a cautious investing strategy.
Fund Details
- AUM – ₹ 59,027.47 Cr
- Aim – long-term capital growth
- Focus – 94.05% Equity, 5.95% Others
- Minimum Investment – ₹100
- Fund Category – Equity: Mid-Cap
- Fund Manager – Chirag Setalvad, Dhruv Muchhal
- NAV (Feb 09, 2024) – ₹ 156.18
- Average Annual Returns Since Inception – 17.96%
- Annualized Returns – 52.16%
- Expense Ratio (Jan 26, 2024) – 1.45%
- Exit Load – 1% (if redeemed in a year)
- Suitable Period Of Investment – 3 – 4 years
SIP Illustration
- Minimum Investment – ₹100
- Investment Value – ₹ 1200
- Sell Value – ₹ 1565.94
- Profit/Loss – 365.94 (30.5%)
- Expected Percentage – 60.34%
HDFC Flexi Cap Fund
A dynamic equity strategy, the HDFC Flexi Cap Fund seeks to create a diverse portfolio strategically. Its mandate is to devote at least 65% of its assets to equity equities, which it invests in large, mid, and small-cap companies.
As a result, investors can put their money into companies of different sizes based on the fund management team’s projected maximum returns. Despite having relatively high risk, the fund has produced competitive returns since its launch.
Fund Details
- AUM – ₹ 47,642.42 Cr
- Aim – generate capital appreciation/income
- Focus – 87.50% Equity, 0.42% Debt, 12.08% Others
- Minimum Investment – ₹100
- Fund Category – Equity: Flexi Cap
- Fund Manager – Roshi Jain, Dhruv Muchhal
- NAV (Feb 09, 2024) – ₹ 1,554.89
- Average Annual Returns Since Inception – 18.93%
- Annualized Returns – 36.18%
- Expense Ratio (Jan 26, 2024) – 1.53%
- Exit Load – 1% (if redeemed in a year)
- Suitable Period Of Investment – 3 – 4 years
SIP Illustration
- Minimum Investment – ₹100
- Investment Value – ₹ 1200
- Sell Value – ₹ 1469.06
- Profit/Loss – 269.06 (22.42%)
- Expected Percentage – 43.59%
SBI Contra Fund
One kind of open-ended equity strategy that uses a value/contrarian investment approach is the SBI Contra Fund. Its main objective is to create long-term capital appreciation through investments in various equities and equity-related products. Despite its strong risk meter rating, it has had a track record of providing competitive returns since its founding.
Fund Details
- AUM – ₹ 23,572.42 Cr
- Aim – long-term capital appreciation
- Focus – 87.95% Equity, 7.51 % Debt, 4.54% Others
- Minimum Investment – ₹5000
- Fund Category – Equity: Value-Oriented
- Fund Manager – Dinesh Balachandran, Pradeep Kesavan
- NAV (Feb 09, 2024) – ₹ 334.09
- Average Annual Returns Since Inception – 49.10%
- Annualized Returns – 47.69%
- Expense Ratio (Jan 26, 2024) – 1.65%
- Exit Load – 1% (if redeemed in a year)
- Suitable Period Of Investment – 3 – 4 years
SIP Illustration
- Minimum Investment – ₹100
- Investment Value – ₹ 1200
- Sell Value – ₹ 1540.57
- Profit/Loss – 340.57 (28.38%)
- Expected Percentage – 55.9%
SBI Long-Term Equity Fund
The SBI Long-Term Equity Fund is an open-ended equity program with a comprehensive portfolio of equities and instruments linked to stocks to produce long-term capital appreciation. Despite its high risk level, the fund has continuously produced competitive returns since its inception.
Fund Details
- AUM – ₹ 20,085.15 Cr
- Aim – capital appreciation
- Focus – 93.39% Equity, 6.61% Others
- Minimum Investment – ₹500
- Fund Category – Equity: ELSS
- Fund Manager – Dinesh Balachandran
- NAV (Feb 09, 2024) – ₹ 363.13
- Average Annual Returns Since Inception – 54.60%
- Annualized Returns – 53.49%
- Expense Ratio (Jan 26, 2024) – 1.68%
- Exit Load – No
- Suitable Period Of Investment – 3 – 4 years
SIP Illustration
- Minimum Investment – ₹100
- Investment Value – ₹ 1200
- Sell Value – ₹ 1602.52
- Profit/Loss – 402.52 (33.54%)
- Expected Percentage – 66.8%
UTI Nifty 50 Index Fund Direct-Growth
Through investments in its components, the UTI Nifty 50 Index Fund Direct-Growth is an open-ended index fund that seeks to mimic the results of the Nifty 50 Index. Despite having a high degree of risk, the fund has continuously produced competitive returns since its launch.
Large-cap stocks account for 99.98% of the fund’s interests in equity and equity-related derivatives. The fund offers investors looking to participate in the Nifty 50 Index a more affordable option.
Fund Details
- AUM – ₹ 15,002.04 Cr
- Aim – achieve return equivalent to Nifty 50 Index
- Focus – 100% Equity
- Minimum Investment – ₹ 5,000
- Fund Category – Equity: Large Cap
- Fund Manager – Sharwan Kumar Goyal, Ayush Jain, Deepesh Agarwal
- NAV (Feb 09, 2024) – ₹ 149.38
- Average Annual Returns Since Inception – 22.88%
- Annualized Returns – 22.88%
- Expense Ratio (Jan 26, 2024) – 0.21%
- Exit Load – No
- Suitable Period Of Investment – 3 – 4 years
SIP Illustration
- Minimum Investment – ₹100
- Investment Value – ₹ 1200
- Sell Value – ₹ 1373.66
- Profit/Loss – 173.66 (14.47%)
- Expected Percentage – 27.62%
HDFC Large and Mid Cap Fund
The open-ended HDFC Large and Mid Cap Fund invests primarily in equities and equity-related securities to produce income and long-term capital appreciation. The fund has very high risk despite its history of continuously providing competitive returns since its founding.
Fund Details
- AUM – ₹ 16,033.22 Cr
- Aim – create long-term wealth
- Focus – 96.76% Equity, 3.24% Others
- Minimum Investment – ₹100
- Fund Category – Equity: Large & MidCap
- Fund Manager – Gopal Agrawal, Dhruv Muchhal
- NAV (Feb 09, 2024) – ₹ 286.61
- Average Annual Returns Since Inception – 45.21%
- Annualized Returns – 44.02%
- Expense Ratio (Jan 26, 2024) – 1.70%
- Exit Load – 1% (if redeemed in a year)
- Suitable Period Of Investment – 3 – 4 years
SIP Illustration
- Minimum Investment – ₹100
- Investment Value – ₹ 1200
- Sell Value – ₹ 1520.32
- Profit/Loss – 320.32 (26.69%)
- Expected Percentage – 52.39%
HDFC Focused 30 Fund
For those seeking to increase their capital over the long run through stocks and equity-related securities of up to 30 companies, the HDFC Focused 30 Fund is a great choice. The open-ended equity program has a diverse portfolio of big, small, and medium-sized companies and has produced competitive returns since its founding.
Fund Details
- AUM – ₹ 9,317.26 Cr
- Aim – long-term income and capital growth through investments in stocks and securities linked to stocks of up to thirty companies
- Focus – 84.51% Equity, 15.49% Others
- Minimum Investment – ₹100
- Fund Category – Equity: Flexi Cap
- Fund Manager – Roshi Jain, Dhruv Muchhal
- NAV (Feb 09, 2024) – ₹ 178.15
- Average Annual Returns Since Inception – 36.24%
- Annualized Returns – 34.48%
- Expense Ratio (Jan 26, 2024) – 1.74%
- Exit Load – 1% (if redeemed in a year)
- Suitable Period Of Investment – 3 – 4 years
SIP Illustration
- Minimum Investment – ₹100
- Investment Value – ₹ 1200
- Sell Value – ₹ 1450.52
- Profit/Loss – 250.52 (20.88%)
- Expected Percentage – 40.45%
Process To Invest In Best Mutual Fund Companies In India
You may invest with the top 10 mutual funds in India by following the steps listed below:
- Offline Method: Send an application correctly filled out to the mutual fund company’s branch office or authorized investor care center, along with a check or bank draft.
- Online Method: Invest by visiting the websites of the best mutual fund companies in India. Use a financial intermediary (such as a licensed Mutual Fund Distributor) or make direct investments without going via a distributor.
Conclusion – Top 10 Mutual Funds in India
Since mutual funds are a safer and less risky alternative than individual investments, many individuals decide to invest in them. It happens due to the diversity and risk distribution of mutual funds. By keeping an eye on industrial sectors or market indexes, they also provide an excellent long-term investment strategy.
When evaluating mutual funds, assessing their return consistency over extended time horizons, such as three, five, or ten years, is crucial instead of just focusing on short-term performance. It’s critical to analyze the advantages and disadvantages of variety and consider how each mutual fund will fit into your entire investing strategy.
In general, mutual funds are a wise choice for investments due to their professional management and diversity, which may assist you in achieving your financial objectives and securing your future.
FAQs about Top Mutual Funds
What factors should I consider before investing in a mutual fund?
Think about your investing objectives, risk tolerance, the performance of the fund, the fee ratio, and the fund managers’ track record of the best mutual fund to invest before investing in them.
What are the different types of mutual funds available in India?
With different investing goals, the best mutual funds to invest in include equities funds, debt funds, hybrid funds, and others.
How are mutual fund returns taxed in India?
The taxation of mutual fund returns is contingent upon the duration of holding and the specific type of fund, such as debt- or equity-oriented funds.
What is the role of a fund manager at the top 5 mutual fund?
The fund managers have the task of managing the fund’s portfolio by its investment goals and making investment choices.
What is the significance of the expense ratio in a mutual fund?
The expense ratio is the cost paid to the fund managers to manage the mutual fund. Reduce it from the return.