Best Mutual Funds that Can Make you Earn More

It is asked to save for the future while everyone knows future is uncertain and cost of living will always rise making our saving insufficient for the times to come. For the things to keep in order in the future we should think a step ahead and plan things accordingly. 

If we want to save for the future than we should invest so that our savings increase. With interest rates on fixed deposits deducing constantly, it won’t be an ideal financial product to park your money. Ten years down the line if you want to see your money grow then the finest solution is the investment in mutual funds. With high returns offered on various mutual fund schemes, the long term investment made for the period of 10 years can reap you a high advantage. Though risky, the person is rewarded for it equally.

Also, the variety of funds offered are able to suit the interest of different types of investors. Some have long-term goals while others are planning for short term investments. The funds are divided on the basis of risk associated with it. As per the interest, the customer can select the best mutual funds to invest in.

The returns do not remain consistent and fluctuate with the change in the market condition. The list of best performing mutual funds is revised regularly and the ranking is provided by CRISIL. The list of best mutual funds under each category at present is given below:

Category 1- Equity Large Cap

• Birla Sun Life Frontline Equity Fund
• Birla Sun Life Top 100 (G)
• DHFL Pramerica Large Cap Fund
• DSP BlackRock Focus 25 Fund
• Edelweiss Equity Opportunities Fund Regular Plan
• Franklin India Flexi Cap Fund
• ICICI Prudential Focused Bluechip Equity Fund
• IDBI India Top 100 Equity Fund
• Invesco India Business Leaders Fund
• Invesco India Dynamic Equity Fund
• Invesco India Growth Fund
• JM Multi Strategy Fund
• Kotak 50 Regular Plan
• Mirae Asset India Opportunities Fund - Regular Plan
• Motilal Oswal MOSt Focused 25 Fund - Regular Plan
• Quantum Long Term Equity - Regular Plan
• Reliance NRI Equity Fund
• Reliance Top 200 Fund - Retail Plan
• SBI Bluechip Fund
• SBI Magnum Equity Fund

Category 2- Equity: Multi Cap

• Birla Sun Life Advantage Fund
• Birla Sun Life Equity Fund
• Birla Sun Life Special Situations Fund
• BNP Paribas Dividend Yield Fund
• DSP BlackRock Opportunities Fund
• Franklin India High Growth Companies Fund
• Franklin India Prima Plus Fund
• ICICI Prudential Indo Asia Equity Fund
• ICICI Prudential Nifty Next 50 Index Fund
• ICICI Prudential Value Discovery Fund
• Invesco India Contra Fund
• Kotak Opportunities Regular Plan
• Kotak Select Focus Fund Regular Plan
• Motilal Oswal MOSt Focused Multicap 35 Fund - Regular Plan
• Reliance ETF Junior BeES
• SBI Magnum Multicap Fund
• SBI Magnum Multiplier Fund

Category 3- Equity: Mid Cap

• Canara Robeco Emerging Equities Fund - Regular Plan
• Escorts High Yield Equity Fund
• Franklin India Prima Fund
• HDFC Mid-Cap Opportunities Fund
• Kotak Emerging Equity Scheme Regular Plan
• L&T India Value Fund
• Mirae Asset Emerging Bluechip Fund - Regular Plan
• Motilal Oswal MOSt Focused Midcap 30 Fund - Regular Plan
• Principal Emerging Bluechip Fund
• SBI Magnum Midcap Fund
• Sundaram Select Midcap Fund - Regular Plan

Category 4- Equity: Small Cap

• DSP BlackRock Micro Cap Fund - Regular Plan
• Franklin India Smaller Companies Fund
• SBI Small & Midcap Fund

Category 5- Equity: Tax Planning

• Axis Long Term Equity Fund
• Birla Sun Life Tax Plan
• Birla Sun Life Tax Relief 96
• Birla Sun Life Tax Savings Fund
• DSP BlackRock Tax Saver Fund
• Escorts Tax Plan
• Franklin India Taxshield Fund
• IDBI Equity Advantage Fund - Regular Plan
• IDFC Tax Advantage (ELSS) Fund - Regular Plan
• L&T Tax Advantage Fund
• Tata India Tax Savings Fund

Category 6- Equity: Banking

• Birla Sun Life Banking & Financial Services Fund - Regular Plan
• ICICI Prudential Banking and Financial Services Fund
• Invesco India Banking Fund
• Reliance Banking Fund

Category 7- Equity: Infrastructure

• Canara Robeco Infrastructure Fund - Regular Plan
• Franklin Build India Fund
• Kotak Infrastructure and Economic Reform Fund - Standard Plan
• L&T Infrastructure Fund

Category 8- Hybrid: Equity-oriented

• Birla Sun Life Balanced '95 Fund
• HDFC Balanced Fund
• HDFC Childrens Gift Fund - Investment Plan
• ICICI Prudential Balanced Fund
• L&T India Prudence Fund
• SBI Magnum Balanced Fund
• Tata Retirement Savings Fund - Moderate Plan - Regular Plan

Disclaimer - Mutual Funds are subject to market risks. Please read the scheme related documents carefully before investing.