Mutual funds are funds that help an investor in making money by either allowing him to save the money that he invested or earn dividends and gain returns. Not only are the mutual funds one of the easiest and the best ways to make money but also require continuous monitoring. However, professional money managers working with the fund prepare a portfolio for each person and take care of the monitoring, buying and selling. This helps you to make money while you’re occupied with your work by not requiring constant attention. The mutual funds also help in diversifying your investment and minimising the losses by investing in several bodies at once than investing in a single body. As an investor, one is supposed to know which fund to invest in. Here again, you can choose to invest in either an open ended mutual fund or a closed ended mutual fund.
Open ended mutual funds are more popular and are in vast majority when compared to closed end mutual funds. These kinds of funds do not have any limits or restrictions on the amount of shares that can be issued whereas in closed end mutual funds, one cannot purchase any shares from the fund beyond the given limit.
One has to carefully choose the right mutual fund before investing. One has to carefully invest in the funds that have consistently topped the lists to avoid unnecessary circumstances. So here, I’ll list out some of the best performing mutual funds in India over the last six months to make it easier for you.
LARGE CAPITAL – oriented equity funds,
The best performing large capital mutual funds are,
•ICICI Prudential Top 100 Fund
•Kotak Select Focus Fund
•SBI Blue Chip Fund
•Birla Sun Life Frontline Equity Fund
•Birla Sun Life Top 100 Fund
•DSP BlackRock Focus 25 Fund
•HDFC Growth Fund
•Kotak 50
•Franklin India Blue Chip Fund
•HSBC Equity Fund
Other best performing mutual funds that couldn’t make it to the top are, BNP Paribas Equity Fund, JM Equity Fund, UTI Equity Fund and L&T India Large Cap Fund.
DIVERSIFIED EQUITY FUNDS
The best performing diversified mutual funds that made it to the top are,
•Birla Sun Life Equity Fund
•Sundaram Rural India Fund
•TATA Equity PE Fund
•DSP BlackRock Opportunities Fund
•ICICI Prudential Dynamic Plan
SMALL AND MID – CAP EQUITY FUNDS
The best performing mutual funds under this category are,
•DSP BlackRock Micro Cap Fund
•L&T Midcap Fund
•Mirae Asset Emerging Blue chip Fund
•Franklin India Smaller Companies Fund
•HDFC Mid-cap Opportunities Fund
EQUITY LINKED SAVINGS SCHEME
The best performing mutual funds under this category are,
•DSP BlackRock Tax Saver Fund
•Tata India Tax Savings Fund
•Birla Sun Life Tax Plan
•Kotak Tax Saver Scheme
•L&T Tax Advantage Fund
BALANCED FUNDS
Some of the best performing balanced funds are,
•ICICI Prudential Balanced Fund
•HDCF Balanced Fund
•DSP BlackRock Balanced Fund
•Canara Robecco Balance
•Franklin India Balanced Fund
One also has to evaluate and take into consideration all the aspects of a fund before investing as all the mutual fund investments are subjected to market risks.
