Quick Answer: How do I know which mutual fund is best to invest in?

How do I know which mutual fund to invest in?

Steps To Choose the Right Mutual Fund

  1. 1) Do Your Research. …
  2. 2) Know Your Goal. …
  3. 3) Do a Risk Analysis. …
  4. 4) Check the Expense Ratio. …
  5. 5) Consider the Taxes Your Investment Attracts. …
  6. Bottom Line.

Which mutual fund plan do you consider the best?

Here is the list of top 10 schemes:

  • Axis Bluechip Fund.
  • Mirae Asset Large Cap Fund.
  • Parag Parikh Long Term Equity Fund.
  • Kotak Standard Multicap Fund.
  • Axis Midcap Fund.
  • DSP Midcap Fund.
  • Axis Small Cap Fund.
  • SBI Small Cap Fund.

Which mutual fund is best for 2021?

Top Performing Mutual Funds of 2021

Scheme Name Expense Ratio
Mirae Asset Tax Saver Fund 0.44% Invest
Canara Robeco Equity Tax Saver Fund 0.8% Invest
IDFC Tax Advantage (ELSS) Fund 0.81% Invest
Axis Long Term Equity Fund 0.74% Invest

What to check before buying mutual funds?

6 Things to Know Before Investing in Mutual Funds

  1. Different Mutual Fund Categories Have Different Risk Levels. …
  2. Direct Plans Give Higher Returns. …
  3. You won’t get the same returns every year. …
  4. Consistency of returns is a hallmark of good funds. …
  5. Asset Allocation and Periodic Rebalancing are Crucial.
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Which is best mutual fund for beginners?

5 Best SIP plans to invest in 2021 for Beginners

Fund Name NAV Expense ratio
Mirae Asset Tax Saver Fund Rs 29 0.30%
PGIM India Midcap Opp RS 37.29 0.45%
Mirae Asset Emerging Bluechip Fund Rs 90 0.73%
Parag Parikh Flexi Cap Fund Rs 43.13 0.91%

Which type of mutual fund is best for long term investment?

Top 10 Long Duration Mutual Funds

Fund Name Category 1Y Returns
ICICI Prudential Technology Fund Equity 91.8%
PGIM India Midcap Opportunities Fund Equity 94.5%
Quant Infrastructure Fund Equity 110.3%
Quant Tax Plan Fund Equity 89.3%

What are the top 5 mutual funds?

Top 5 Biggest Mutual Funds

  • Vanguard Total Stock Market Index Fund Admiral Shares (VTSAX)
  • Fidelity 500 Index Fund (FXAIX)
  • Vanguard Institutional Index Mutual Fund (VINIX)
  • Fidelity Government Cash Reserves (FDRXX)
  • Vanguard Federal Money Market Fund (VMFXX)

Why 1 year return is higher in mutual fund?

1) You found the one year returns higher as the markets did well in the last one year and so did the fund!. In this case the fund gave 35% return in one year. 2) Any mutual funds research website shows return upto one year in absolute terms. That means if the return is 6% in 6 months, then it is absolute 6%.

Which is the best SIP to invest in 2021?

Top Performing SIP Mutual Funds to Invest in May 2021

Fund Name Category 3 Year Returns
Canara Robeco Equity Taxsaver fund Equity Linked Tax Savings Fund 15.20%
UTI Nifty Index Fund Index Equity Mutual Funds Growth 11.60%
HDFC Index Nifty 50 fund Index Equity Mutual Funds Growth 11.40%
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Which is the best mutual fund for high return?

Top 10 Equity Mutual Funds

Fund Name Category 1Y Returns
Axis Midcap Fund Equity 65.5%
Mirae Asset Emerging Bluechip Fund Equity 67.3%
BNP Paribas India Consumption Fund Equity 55.7%
Canara Robeco Equity Tax Saver Equity 61.0%

Which mutual fund has highest return?

Top 10 High Risk Mutual Funds

Fund Name Category 1Y Returns
Kotak Asset Allocator Fund Other 38.0%
Principal Equity Savings Fund Hybrid 30.6%
SBI Multi Asset Allocation Fund Hybrid 22.7%
ICICI Prudential Credit Risk Fund Debt 7.6%