Finding the best equity fund is no easy task. So, here’s a list of the best-performing equity funds that you can consider this year.
If you are a football fanatic, you must have watched the FIFA World Cup 2018. Heartbroken by Messi’s and Ronaldo’s performances this year? Sigh! We understand. In the same way, not all star Mutual Funds dole out great returns year on year. There are very few funds that consistently outperform for years at a stretch. That is why you need to keep an eye on your Mutual Fund investments.
You might need to sell some off and buy new ones. So, here’s a list of funds that you can consider if you want to invest in equity Mutual Funds this year. Those who are yet to start investing in Mutual Funds can also consider this list. We have chosen these funds based on their past performance, portfolio, ratings and consistency.
Additional Reading: Tax Saving Through ELSS Funds? Factors To Keep In Mind
Aditya Birla SL Frontline Equity Fund(G)
This is an open-ended growth fund and has a track record of 16 years. CRISIL has ranked the scheme as number 3 for the quarter ended March 2018. This fund is rated 5 stars by MorningStar. The fund has given 17.10% returns over the last five years, making it one of the best-performing funds in its category. The minimum investment for this fund is Rs. 1,000 and it comes with no exit load if you hold it for more than a year. The fund invests in multiple sectors including 33.89% in Banking & financial services and 9.82% in technology sectors as of May 31st, 2018.
SBI Magnum Multicap Fund-Reg(G)
This is an open-ended growth fund assuring long-term capital appreciation. This fund has also been ranked as number 2 in the Diversified Equity category by CRISIL (for the quarter ended March 2018). It has given 21.10% returns in the last five years making it one of the top best-performing equity funds. The SBI Magnum Multicap Fund has been consistently beating most of its peer Mutual Funds and their benchmarks with 29.99% allocation in the banking & financial services sector, 9.09% in technology and 8.36% in oil & gas.
Additional Reading: 3 Reasons Why You Should Include ELSS Funds In Tax Planning
ICICI Pru Value Discovery Fund(G)
ICICI Pru Value Discovery Fund is a fund that has a track record of more than a decade. It has been ranked at number 5 in the Diversified Equity category by CRISIL. The fund has given returns of 22.72% in the last five years. ICICI Pru Value Discovery Fund is an open-ended growth fund with a minimum investment size of Rs. 1000. The fund had a majority of its holdings in the technology sector at 14.34%, as on May 31st, 2018.
DSPBR Equity Opportunities Fund-Reg(G)
DSPBR Equity Opportunities Fund is an open-ended growth fund which has given returns of 18.98% in the last 5 years. The fund has been rated 3 stars by MorningStar. DSPBR Equity Opportunities Fund has been ranked number 2 in the Diversified Equity category by CRISIL. The fund has an allocation of 31.62% in the banking & financial services sector, 9.65% in the automotive sector and 7.9% in oil & gas.
All the above 4 funds are available on the BankBazaar Mutual Fund platform.
Mirae Asset Emerging Bluechip Fund (G)
Mirae Asset Emerging Bluechip Fund, just like other equity funds, is an open-ended growth-oriented fund offering the benefit of investment in a portfolio of equity investments. This scheme has been ranked at number 2 in the Small and Mid-Cap category by CRISIL for the quarter ended March 2018. Mirae Asset Emerging Bluechip Fund has given 30.329% annualised returns in the last five years, making it a good equity scheme to consider. The allocation by the fund includes 28.3% in the banking & financial services sector, 9.75% in automotive and 7.37% in chemicals.
Additional Reading: Go For ELSS To Build Wealth & Save Tax
Remember, a Messi or Ronaldo-esque Mutual Fund may not always help. You need a Suarez or a Cavani to tip the scales. So, pick your Mutual Funds right. Need some assistance? BankBazaar can help you choose the right fund.