Mutual funds to invest in 2017: Top 10 wealth creators you can rely on over long term – Financial Express

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Mutual funds to invest in 2017, Top 10 wealth creators, top 10 mutual funds for long-term growth, Birla Sun Life Top 100 Fund, SBI BlueChip Fund A conservative investor should invest in equity-oriented balanced schemes or large cap mutual fund schemes.

Mutual funds are the fastest-emerging investment option for the long-term creation of wealth. However, the availability of a large number of mutual funds in the market has made it a difficult task to select the best plan to suit your requirement, budget and preferences. Have I picked the right mutual fund? Or which is the best mutual fund to invest? “This is the most common question raised by investors in many financial forums. However, it is most difficult to answer the queries because without knowing the risk profile and investment horizon, no one would be able to suggest the best portfolio. One size never fits all. Therefore, a single portfolio of top 10 mutual funds is never suitable for every investor,” says Rajeev Agarwal, Founder, Wealth Discovery.

In fact, he suggests that you should go for equity schemes if you have

# High risk appetite

# Long-term financial goals

# Minimum investment horizon of five years

Similarly, you should go for debt schemes if your risk appetite is low or you need some regular income with short-term requirements.

Also, among equity funds, every investor should have a different set of portfolio according to one’s risk profile. For example,

# A conservative investor should invest in equity-oriented balanced schemes or large cap mutual fund schemes.

# A moderate investor should invest in diversified and large cap mutual fund schemes.

An aggressive investor should pick up mid and small cap funds.

“Investors can also make a combination of schemes to make a suitable portfolio according to their financial goals and risk appetite. When making a good portfolio of mutual funds, we always do not have to pick the best ones in a category. We only need to choose one that matches our investment strategy and fits our risk appetite,” Agarwal suggests.

Below is the list of some of the equity-based mutual funds which may be an ideal fit for a well-diversified broad-based portfolio:

Scheme Category NAV Asset Size (in crore) Returns (In %)
1yr 3yr 5yr
Birla Sun Life Top 100 Fund Large Cap Fund 56.278 2,262.79 15.7 13.0 19.9
SBI BlueChip Fund Large Cap Fund 36.795 10,099.40 12.9 14.4 20.1
Birla Sun Life Frontline Equity Fund Large Cap Fund 212.250 13,116.39 14.0 13.1 19.7
ICICI Pru Value Discovery Fund Diversified Fund 135.710 14,747.30 6.2 10.9 21.8
HDFC Balanced Fund Balanced Fund 142.398 9,818.56 15.4 13.9 19.3
Birla Sun Life Advantage Fund Diversified Fund 432.380 3,112.29 20.4 20.5 25.2
DSPBR Small and Midcap Fund Small and Midcap Fund 52.855 3,537.72 19.1 20.2 25.4
Franklin India Smaller Companies Fund Small and Midcap Fund 56.506 4,579.29 17.8 20.2 31.5
Mirae Asset Emerging Bluechip Fund Small and MidCap Fund 47.716 3,306.87 26.5 25.0 31.9
HDFC Midcap Opportunities Fund Small and MidCap Fund 53.518 14,625.43 16.4 19.1 26.3

However, you also need to keep in mind that past performance is no guarantee for the better performance of a fund in the future also. So, you need to select your fund carefully.

(These mutual funds have been recommended by Wealth Discovery. Although due care has been exercised by them while selecting these funds, readers are advised to consult their financial adviser before investing in any of these funds.)