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The fantastic growth of mutual fund houses in terms of assets under management has been witnessing the finest show ever since the introduction. Over the past decade, the investments in mutual funds have recorded excellent growth, especially the investment in equities. Along with the increasing mutual fund awareness campaigns across the country, the growing interest of people in savings is also a good reason of this amazing growth in the entire industry. The love of investors for the mutual fund investments is rapidly increasing. If you are still among the ones, who have not yet stepped in to the MF world, then think today and start with the best funds to invest.
Here Are Some of the Top Ranking Mutual Funds to Invest in India:
1. L&T Midcap Fund: In the category of midcap mutual funds, this scheme of L&T MF is one of the star performers because it has showcased its capability of generating healthy returns in the past five years. Currently, it is holding the 1st rank by the CRISIL under the category of mid-cap funds for the quarter ended September 2017. If you are searching for a scheme which has a track record of providing fantastic returns, then your search must end with this scheme. It was launched in the year 2004, and since then it has been providing exceptional returns to the potential investors. The expectation from this scheme is more because it is a mid-cap category fund and invest almost 52.55% of its total equity investment into midcap stocks. Moreover, the stocks in which it invests are screened properly by the experts before the money get deployed in them. In the screening process, the fund manager covers research part, analysis of the historical performance, the probability of the future returns on the basis of past records, etc. Therefore, you must add this scheme to your portfolio if you are willing to gain significant profits in the long-term period.
2. Aditya Birla Sun Life Small & Midcap Fund: One of the best performers in the category of small-cap mutual funds, ABSL Small & Midcap Fund has showcased excellent performance in recent past. It was launched on May 31, 2007, but unfortunately, the subsequent year was not supportive enough and pushed down the entire economy creating a big depression. However, the scheme has managed to showcase significant performance from the first quarter of 2009-10. A great reform in the performance of the scheme has been noticed in the last five years. It has generated fantastic returns for its investors over the last few years. You can invest in this scheme if you have a heart to bear the swings of the highly volatile market. It invests nearly 87.38% of its total assets into the equities of small and midcap companies to reap extravagant benefits in terms of returns.
Both the schemes as mentioned above are holding the 1st rank by CRISIL for the quarter ended September 2017. They have proved their potential of generating healthy growth in the long term. If you want to yield the benefits, then invest today through our portal, i.e., MySIPonline and start your journey toward wealth creation.