There are more than two dozen mutual fund companies operate in India and each mutual fund company offers so many varieties of funds. So for new investors or for someone who need shortlisting will automatically get confused. Just to help you all, I am providing here the list of funds which I personally feel are top to invest.
Note-I published the post for 2015 “Top 10 Best Mutual Funds to invest in India for 2015“. Please go through it for latest reviews.
Why I have chosen 10 funds only?
Maintaining so many funds in your portfolio is not a better way of managing your money. Many times you may find so many overlapping. Hence with around 5 funds you can create a good equity portfolio. Hence to make it little bit comfortable in choosing funds, I have selected only top 10 funds.
Here I am providing best top 10 equity mutual funds only. But I am completely neglecting the sector funds, international funds, Index Funds, Debt Funds or Gold Funds (as my concentration is on diversified equity).
How I selected these funds?
I selected these funds based on the quality, transparency and how old is the mutual fund company. Then I moved to the performance of the fund for 15-10 years or minimum 5 years old fund. Because by choosing the oldest fund we can easily find the track record of the fund which is not possible with new funds. Finally based on ranking in the category, expense ratio and some other information.
Best 2 Large Cap Funds to Invest in India for 2014
Best 2 Large and Mid Cap Funds to Invest in India for 2014
It is hard for me to neglect my all time favorite fund HDFC Top 200 Fund (G). But considering the current performance of the fund, I myself thought some doubts on the same and stayed away. Otherwise I still strongly recommend HDFC Top 200 Fund (G) and I am confident that it will once again come out with the best performance.
I selected Quantum Long Term Equity (G) over other best performing funds based on the low expense ratio. But do remember that Quantum Long Term Equity (G) has some strict exit loads like 4% from within 6 months, 3% after 6 months but within a year, 2% after 1 year but within 18 months, 1% between 18 months to 2 years and no load after 2 years. But whereas for all equity funds no exit load after 1 year.
Best 2 Mid and Small Cap Funds to Invest in India for 2014
The reliance equity opportunities fund is a very dynamic fund and we can’t say that it belongs to any category. But as of now this is currently invested in Mid and Small Cap Funds. Hence I have chosen this fund.
Best 2 Multi Cap Funds to Invest in India for 2014
Second fund is missing Yes, while searching I didn’t find a fund which is comforting to me. So I left that second fund choice blank.
Best 2 Balanced Funds Equity Oriented to Invest in India for 2014
Best 2 Tax Saving Mutual Funds (ELSS) to Invest in India for 2014
Why I have chosen Tax Saving Mutual funds when this is not included as a tax saving instrument under Sec80C in the upcoming Direct Tax Code (DTC) ? Because we can’t believe political class for how and when they act
Hope above list will simplify to the extent. According to me these funds are best. But with a different set of permutation and combination you may come out with the funds which are not in the above list. Let us know your views too
Now proceed for investing by choosing the right platform for you by reading my latest post “How to invest in Mutual Funds in India online?“