Mutual fund investment is considered one of the best ways in which investors can secure their future and increase their wealth at the same time. The Indian financial market has a large number of mutual fund schemes. This can make it confusing for investors to choose the best mutual fund.
To help you with that, here are the 7 best mutual fund schemes in the country based on their performance, consistency, and credibility.
7 Most Invested Mutual Fund Schemes
Choosing the right mutual fund scheme involves considering various factors such as investment returns, risk tolerance, expense ratio, fund size, and more. These are the top mutual funds in India.
1. HDFC Balanced Advantage Fund
HDFC Balanced Advantage Fund Direct is a dynamic asset allocation mutual fund scheme from HDFC Mutual Fund. It was launched on January 1, 2013 and has been in existence for 11 years and 6 months. It invests both in equity and debt funds, with a current allocation of 51.03% to equity and 28.80% to debt.
The fund has made major investments in sectors like financial, energy, automobile, construction, and capital goods.
- NAV: ₹540.17 as on 23rd July ‘24
- AUM: ₹89,903 Cr.
- Expense ratio: 0.73%
- 1Y Returns: 41.88%
- 3Y Returns: 25.39%
2. SBI Equity Hybrid Fund
SBI Equity Hybrid Fund is an aggressive hybrid mutual fund scheme from SBI Mutual Fund. It was launched on January 1, 2013. It invests both in equity and debt funds, with a current allocation of 74.86% to equity and 27.39% to debt.
Its top 5 holdings are GOI, Reliance Industries Ltd., ICICI Bank Ltd., Bharti Airtel Ltd., and HDFC Bank Ltd.
- NAV: ₹303.21 as on 23rd July ‘24
- AUM: ₹71,495 Cr.
- Expense ratio: 0.74%
- 1Y Returns: 27.14%
- 3Y Returns: 14.88%
3. Parag Parikh Flexicap Fund
Parag Parikh Flexi Cap Fund is a Flexi Cap mutual fund scheme from PPFAS Mutual Fund. It was launched on May 13, 2013.
The fund has made major investments in sectors like finance, technology, services, energy, and automobiles.
- NAV: ₹83.78 as on 23rd July ‘24
- AUM: ₹71,700 Cr.
- Expense ratio: 0.62%
- 1Y Returns: 38.64%
- 3Y Returns: 20.59%
4. HDFC Midcap Opportunities Fund
HDFC Midcap Opportunities Funds is a mid-cap mutual fund scheme from HDFC Mutual Fund. It was launched on January 1, 2013 and has been in existence for 11 years and 6 months.
The fund has made major investments in sectors like finance, healthcare, technology, automobiles, and capital goods. The Indian Hotels Company Ltd., The Federal Bank Ltd., Apollo Tyres Ltd., Max Financial Services Ltd., and Balkrishna Industries Ltd. are the top 5 holdings of this fund.
- NAV: ₹201.38 as on 23rd July ‘24
- AUM: ₹70,570 Cr.
- Expense ratio: 0.76%
- 1Y Returns: 53.56%
- 3Y Returns: 30.88%
5. ICICI Prudential Balanced Advantage Fund
ICICI Prudential Balanced Advantage Fund is a dynamic asset allocation mutual fund scheme from ICICI Prudential Mutual Fund. It was launched on January 1, 2013. It invests both in equity and debt funds, with a current allocation of 50.47% to equity and 24.52% to debt.
The fund has made major investments in sectors like finance, technology, energy, automobiles, and construction.
- NAV: ₹76.14 as on 23rd July ‘24
- AUM: ₹58,562 Cr.
- Expense ratio: 0.86%
- 1Y Returns: 22.89%
- 3Y Returns: 14.6%
6. ICICI Prudential Bluechip Fund
ICICI Prudential Bluechip Fund Direct is a large-cap mutual fund scheme from ICICI Prudential Mutual Fund. It was launched on January 1, 2013.
The fund has made major investments in sectors like finance, energy, automobiles, construction, and technology. ICICI Bank Ltd., Reliance Industries Ltd., Larsen & Toubro Ltd., HDFC Bank Ltd., and Axis Bank Ltd. are the top 5 holdings of this fund.
- NAV: ₹115.54 as on 23rd July ‘24
- AUM: ₹59,364 Cr.
- Expense ratio: 0.9%
- 1Y Returns: 40%
- 3Y Returns: 23%
7. HDFC Flexi Cap Fund
HDFC Flexi Cap Fund is a Flexi Cap mutual fund scheme from HDFC Mutual Fund. It was launched on January 1, 2013.
HDFC Bank Ltd., ICICI Bank Ltd., Axis Bank Ltd., Cipla Ltd., and HCL Technologies Ltd. are the top 5 holdings of this fund.
- NAV: ₹2002.12 as on 23rd July ‘24
- AUM: ₹59,124 Cr.
- Expense ratio: 0.79%
- 1Y Returns: 45.38%
- 3Y Returns: 28.14%
Before investing in mutual funds, it is important to compare different options and understand your goals and risk appetite. Also, focus on long-term investments to achieve your goals without getting impacted by short-term market noise.
To Wrap Up
The seven mutual funds listed above are recognised for their strong performance track records, experienced fund management teams, and alignment with investor interests. Before investing, it's crucial to conduct thorough research, analysis, and calculation of returns through the SIP calculator to ensure the selected funds align with your financial objectives and risk appetite.
Happy Investing!
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