Confused about which Mutual Fund scheme you should go for in 2019? Here’s a list that you could help you choose.
2018 was a year of plenty. Whether it was online sale days, celebrity weddings, political drama, or interest rate hikes by the Reserve Bank of India (RBI), there was no room for paucity. In fact, even the number of Home Loan, Auto Loan and Personal Loan offers have only doubled.
However, in case of Mutual Funds there was a bit of consolidation. Thanks to the Securities Exchange Board of India (SEBI) which pushed Asset Management Companies (AMC) to categorise their schemes, every company now can’t float any number of schemes. Even though this helps investors, there are still thousands of funds out there. So, how do you choose the right one if you are planning to invest in 2019?
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Here’s a list of funds that you can consider, and the best part is that they are all available on BankBazaar.com just for you!
Equity Funds
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 September 2018. This fund is rated 4 stars by Morningstar. The fund has given 15.32% 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. 500 and it comes with no exit load if you hold it for more than a year. The fund invests in multiple sectors including 35.88% in banking & financial services and 10.70% in technology sectors as of 30th November, 2018.
If you had invested Rs. 10,000 every month in this fund for the last 5 years, it will be worth Rs. 7.73 lakhs now. If you had invested the same amount since the fund’s inception, it will be worth Rs. 92.9 lakhs.
IDFC Sterling Value Fund-Reg(G)
This is an open-ended growth fund assuring long-term capital appreciation. The fund has been rated 4 stars by Morningstar. This fund has also been ranked as number 3 in the Value Fund category by CRISIL (for the quarter ended September 2018).
IDFC Sterling Value Fund has given 18.08% returns in the last five years making it one of the top best-performing equity funds. It has been consistently beating most of its peer Mutual Funds and their benchmarks with 11.34% allocation in the automobile sector, 10.30% in the banking sector and 8.71% in retail.
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If you had invested Rs. 10,000 every month in this fund for the last 5 years, it will be worth Rs. 8.22 lakhs now.
ICICI Pru Balanced Advantage Fund(G)
ICICI Pru Balanced Advantage Fund is a fund that has a track record of more than a decade. It has been rated 4 stars by MorningStar. Unlike other funds, this is an arbitrage fund that invests in equity derivatives (that is, stock futures/options) and is considered to be less risky when compared to pure equity funds.
The fund has given returns of 12.82% in the last five years. ICICI Pru Balanced Advantage Fund is an open-ended dynamic asset allocation fund with a minimum investment size of Rs. 500. The fund had a majority of its holdings in the technology sector at 20.24%, as on 30th November, 2018.
If you had invested Rs. 10,000 every month in this fund for the last 5 years, it will be worth Rs. 7.61 lakhs now.
DSP Equity Opportunities Fund-Reg(G)
DSP Equity Opportunities Fund is an open-ended growth fund which has given returns of 17.29% in the last 5 years. The fund has been rated 4 stars by Morningstar and has been ranked 3 in the Large & Mid Cap Fund category by CRISIL.
The minimum investment for this fund is Rs. 500 and there is no exit load if it is redeemed after a year. The fund has an allocation of 35.70% in the banking & financial services sector, 10.30% in the software sector and 7.7% in the consumer non-durables sector.
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If you had invested Rs. 10,000 every month in this fund for the last 5 years, it will be worth Rs. 8.12 lakhs now.
Tax-Saver Funds
IDFC Tax Advantage (ELSS) Fund (G)
This is an open-ended growth fund and has been around for a decade. CRISIL has given this fund 4 stars. The rating given by Morningstar for this fund is 3 stars. The fund has given 17.30% returns over the last five years. The fund’s annualised return is 18.44% since its inception.
The minimum investment for IDFC Tax Advantage is Rs. 500 and it comes with no exit load. The fund invests in multiple sectors including 24.22% in banking and finance sector, 8.62% in software and 6.81% in consumer non-durables sectors as of November 30, 2018.
If you had invested Rs. 10,000 every month in this fund for the last 5 years, it will be worth Rs. 8.49 lakhs now.
DSP BlackRock Tax Saver (G)
DSP BlackRock Tax Saver is a fund that has a track record of more than a decade. It is ranked 3 in the ELSS category by CRISIL. Morningstar has given this fund 4 stars. The fund has been given returns of 18.05% in the last five years.
DSP BlackRock Tax Saver is an open-ended growth fund with a minimum investment size of Rs. 500 and comes with no exit loads. The fund had a majority of its holdings in the banking and finance sector at 26.40%, as on November 30, 2018.
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If you had invested Rs. 10,000 every month in this fund for the last 5 years, it will be worth Rs. 8.10 lakhs now.
Aditya Birla SL Tax Relief (G)
Launched way back in 1996, Aditya Birla SL Tax Relief is an open-ended ELSS growth fund which has returned 20.05% in the last 5 years, making it one of the best-performing ELSS funds.
The fund has been rated 5 stars by CRISIL and 4 stars by MorningStar. The fund has been ranked 1 in the ELSS category by CRISIL, making it one of the best tax saving funds. The fund has an allocation of 12.82% in the pharma sector, 10.49% in the consumer non-durables sector and 10.29% in the banking sector.
If you had invested Rs. 10,000 every month in this fund for the last 5 years, it will be worth Rs. 8.44 lakhs now.
ICICI Pru LT Equity Fund (Tax Saving)(G)
ICICI Pru LT Equity Fund, just like other ELSS funds, is an open-ended growth-oriented fund offering the benefit of investment in a portfolio of equity investments while offering tax deduction under Section 80 C.
This scheme has been ranked 2 in the ELSS category by CRISIL for the quarter ended September 2018. ICICI Pru LT Equity Fund has been returned 16.16% annualised returns in the last five years, making it a good ELSS scheme to consider. The fund largely invests in the banking and finance sector which compromises of 22.84% of its portfolio.
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If you had invested Rs. 10,000 every month in this fund for the last 5 years, it will be worth Rs. 7.76 lakhs now.
Found that fund that you love? Invest right away! Worried that you may not have enough funds? SIPs start at just Rs. 100. Don’t wait!
Disclaimer: All information in this article is from the fund factsheets on the respective AMC’s website. All ratings and rankings are from Morningstar and CRISIL websites.