If you are thinking of investing somewhere in the new year, where you will get strong returns. So you can choose mutual funds.
If you are thinking of investing somewhere in the new year, where you will get strong returns.
If you are thinking of investing somewhere in the new year, where you will get strong returns. So you can choose mutual funds. Mutual funds are often considered a difficult way to invest. However, actually investing in it is easy. Apart from this, many benefits are also available in them. There are different advantages in these along with transparency, liquidity. In simple words, Mutual Funds are the means of investment, which contain different securities like equity, debt instruments etc. Let us know in which mutual funds you can invest in the coming year. These mutual funds are as per the ratings of CRISIL.
SBI Contra Fund
This mutual fund is ranked No.1 by CRISIL. In this, investors get good returns in the long term. The fund has given an annual return of 31.85 per cent to the investors during the last three years. This much return is considered excellent. ICICI Bank, HDFC Bank and Axis Bank are the top holdings of SBI Contra Fund It is a risky investment as a large amount of the fund is invested in equities.
Quant Small Cap Fund
Crisil has also placed this fund at number 1. In this, investing in a portfolio of small cap companies gives good returns in the long term. This fund has given a three year annual return of around 56%, which is very good. Keep in mind that the returns of this fund can be very volatile.
Franklin India Flexi Cap Fund
This fund has also been given November 1 rank by CRISIL. The risk is slightly less in this, because regular dividend is available along with the capital in the fund. This fund has given an annual return of 21% in the last three years. The fund’s major holdings are in the stocks of ICICI Bank, HDFC Bank, Axis Bank, Bharti Airtel and Infosys. 66 per cent of the investment is in large cap holdings.
SBI Large & Midcap Fund
It is composed of a combination of large and midcap funds. This is also a good option. Crisil has given this fund number 1 rank in its category. The fund offers an opportunity to earn returns over a long period of time by investing in a diversified portfolio. In this, returns are available at the rate of 22 percent in three years. Whereas, returns are available at 13.47 per cent per annum in five years.
Parag Parikh Tax Saver Fund
This is Equity Linked Savings Scheme. Here the benefit of tax deduction is also available under section 80C of income tax. The fund has given an annual return of 24% in the last three years. Its stocks include HDFC., Bajaj Holdings, ITC etc. The equity holdings of this fund is 84 per cent. It has also been ranked number 1 by CRISIL.