Top 10 Best Mutual funds Schemes to Invest in 2023

A Guide to Long-Term Wealth Creation along with financial freedom.

Introduction:

Investing in mutual funds has proven to be an effective long-term wealth creation strategy, offering individual investors a diversified and professionally managed portfolio. It’s crucial to identify the top-performing mutual funds schemes that have the potential to deliver impressive returns. This blog lists the top 10 best mutual funds for your investment portfolio. In any case, it’s important to note that the list is based on the past performance of the mutual funds scheme and doesn’t ensure future returns. Conducting good research and consulting with a financial consultant before making investment decisions is always recommended.

1. Income Mutual fund:

The Income Mutual fund schemes aims to generate a stable income stream while preserving capital. It primarily invests in fixed-income securities such as bonds and government securities, providing investors with regular dividend payments and potential capital appreciation. Top Performing income mutual funds schemes are:

a. Edelweiss Banking and PSU Debt Fund
b. ICICI Pru Short Term Fund
c. SBI Magnum Income Fund
d. Aditya Birla Sunlife Income Fund

2. International Equity Mutual fund:

The International Equity Mutual fund schemes are an appropriate option for investors looking to diversify their portfolios internationally. It invests in equities of companies outside the domestic market, capitalizing on global growth opportunities and providing exposure to international markets. Top Performing international equity mutual funds are:

a. Franklin India Feeder Franklin US Opportunities Fund
b. ICICI Prudential US Bluechip Equity Fund
c. PGIM India Global Equity Opportunities Fund
d. Edelweiss Greater China Equity Off Shore Fund

3. Small Cap Mutual fund:

The Small Cap Mutual fund schemes specializes in investing in small-cap stocks with the potential for significant growth. This Mutual fund focuses on identifying promising small companies with robust growth prospects, making it an attractive choice for investors seeking higher returns and a higher risk of capital invested. Top Performing Small Cap mutual funds are:

a. HDFC Small Cap Fund
b. Franklin India Smaller Companies Fund
c. Nippon India Small Cap Fund
d. Tata Small Cap Fund

4. Balanced Mutual fund:

The Balanced Mutual fund schemes offers a balanced approach to investing by allocating assets to equities and fixed-income securities. This strategy helps investors benefit from potential capital appreciation while mitigating risk through the income generated from bonds. Top Performing Balanced Mutual funds are:

a. HDFC Balanced Advantage Fund
b. ICICI Prudential Multi Asset Fund
c. ICICI Prudential Equity & Debt Fund
d. DSP Equity & Bond Fund

5. Technology Mutual fund:

The Technology Mutual fund schemes focuses on technology-oriented companies, capitalizing on the technology sector’s rapid advancements and innovations. This fund is suitable for investors who believe in the long-term growth potential of the technology industry. Top Performing Technology Mutual funds are:

a. Aditya Birla Sun Life Digital India Fund.
b. ICICI Prudential Technology Fund.
c. SBI Technology Opportunities Fund.
d. Tata Digital India Fund.
e. Franklin India Technology Fund.

6. Large Cap Mutual fund:

Investing in large-cap stocks provides stability and exposure to well-established companies. The Large Cap Mutual fund schemes focuses on blue-chip stocks, allowing investors to have a share in the growth of industry leaders. Top Performing Large Cap Mutual funds are:

a. Nippon India Large Cap Fund
b. HDFC Top 100 Fund
c. DSP Top 100 Equity Fund
d. PGIM India Large Cap Fund
e. Edelweiss Large Cap Fund

7. Mid-Cap Mutual fund:

The Mid Cap Mutual fund schemes targets mid-sized companies with growth potential. This fund leverages the growth opportunities companies present in their growth phase, allowing investors to benefit from their upward trajectory. Top Performing Midcap Mutual funds are:

a. HDFC Mid Cap Opportunities Fund
b. Nippon India Growth Fund
c. Franklin India Prima Fund
d. Kotak Emerging Equity Fund
e. Sundaram Mid Cap Fund

8. Emerging Markets Mutual fund:

The Emerging Markets Mutual fund schemes suits investors seeking exposure to emerging markets. This mutual fund invests in companies in developing sectors, tapping into the potential growth opportunities presented in this sector. Top Performing Emerging Markets mutual funds are:

a. Bandhan Sterling Value Fund
b. Invesco India Contra Fund
c. Invesco India Growth Opportunities Fund
d. Canara Robeco Emerging Equities Fund
e. Kotak Equity Opportunities Fund

9. Index Mutual fund:

The Index Fund aims at the index’s performance. By investing stocks that make up the index, this fund provides investors with broad market exposure and the potential for steady long-term returns. Top Performing Index Mutual funds schemes are:

a. Nippon India Nifty Midcap 150 Index Fund
b. Motilal Oswal Nifty Smallcap 250 Index Fund
c. HDFC Index Fund-NIFTY 50
d. ICICI Prudential Nifty Next 50 Index Fund
e. Bandhan Nifty 50 Index Fund

Conclusion:

Investing in mutual funds is an excellent way to grow your wealth over time. While the list above presents some top-performing mutual funds schemes in the past few years, it’s important to remember that past performance does not indicate future results. Additionally, individual investment goals, risk tolerance, and financial situations may differ, so conducting thorough research and consulting with a financial consultant before making investment decisions