Most Popular Mutual Fund Schemes at Wishfin
Last Updated : April 10, 2020, 6:06 p.m.
By enabling the wishes of over 10 million customers, Wishfin has turned out to be a game changer for all including those wanting to secure their future via mutual funds. In a nutshell, a mutual fund can be defined as a pool of money collected from several investors to achieve the common goal.
With the inflation likely to increase further from what it is now, there’s a need of substantially high corpus to sail through the challenging times ahead. Keeping this in mind, Wishfin brings to you some of the top-performing equity mutual fund s that have brought cheers to the investors with good returns over time even as negative market sentiments threatened to take the sheen away from them at different and critical junctures.
Words can mislead, stats don’t . So, without any further delay, let’s check out below the hard numbers posted by the funds over time along with other relevant details..
Top Mutual Funds to Invest in Now
Most Popular Large Cap Funds to Invest in
These funds invest a large portion of the corpus in the stocks of top 100 companies according to the market capitalization. Of the large cap funds available, we recommend the top two, ICICI Prudential Bluechip Fund and SBI Bluechip Fund.
| Fund Performance & Other Info | SBI Bluechip Fund | ICICI Prudential Bluechip Fund |
|---|---|---|
| Launch Date of Funds | Feb 14, 2006 | May 23, 2008 |
| Rating Out of 5 Stars (As Per Value Research) | 2 | 4 |
| Return Since Launch | 11.69% | 15.30% |
| 1-year Return | -19.29% | -20.05% |
| 3-year Return | -2.13% | -0.61% |
| 5-year Return | 1.55% | 2.23% |
| 10-year Return | 8.16% | 8.89% |
| AUM | INR 17,120.76 Cr | INR 23,608.74 Cr |
| Minimum Investment Needed (In ₹) | 5000 | 100 |
| Minimum Investment Needed for SIP (In ₹) | 500 | 500 |
Most Preferred Multi Cap Funds to Invest
Arguably the most diversified category of equity funds, these funds keep your money in companies across market capitalization. Keeping in mind the overall performance, it is recommended to invest in Aditya Birla Sun Life Equity Fund and Franklin India Equity Fund, the two top-performing multi cap funds of now, to make most of the diversification benefits these funds are likely to offer.
| Fund Perfomance & Other Info | Franklin India Equity Fund | Aditya Birla Sun Life Equity Fund |
|---|---|---|
| Launch Date of Funds | Sep 29, 1994 | Aug 27, 1998 |
| Rating Out of 5 Stars (As Per Value Research) | 2 | 3 |
| Return Since Launch | 18.82% | 24.07% |
| 1-year Return | -26.11% | -21.58% |
| 3-year Return | -4.96% | -2.80% |
| 5-year Return | -0.42% | 2.89% |
| 10-year Return | 8.03% | 8.26% |
| AUM | INR 7,598 Cr | INR 8,492 Cr |
| Minimum Investment Needed (In ₹) | 5000 | 500 |
| Minimum Investment Needed for SIP (In ₹) | 500 | 100 |
Top-performing Mid Cap Funds to Invest
The money invested in these funds goes into the stocks of top 101-250 companies as per the market capitalization. On the grounds of performance, Franklin India Prima Fund and DSP India Midcap Fund are the ones you should invest in.
| Fund Performer & Other Info | Franklin India Prima Fund | DSP India Midcap Fund |
|---|---|---|
| Launch Date of Funds | Dec 1, 1993 | Nov 14, 2006 |
| Rating Out of 5 Stars (As Per Value Research) | 3 | 4 |
| Return Since Launch | 20.43% | 15.79% |
| 1-year Return | -25.21% | -13.43% |
| 3-year Return | -5.83% | -1.76% |
| 5-year Return | 1.00% | 4.64% |
| 10-year Return | 10.54% | 11.52% |
| AUM (In ₹) | 5,459 Cr | 5,667 Cr |
| Minimum Investment Needed (In ₹) | 5000 | 500 |
| Minimum Investment Needed for SIP (In ₹) | 500 | 500 |
Best Small Cap Funds to Invest
Small Cap funds, which invest in companies ranked after the top 250 companies according to the market capitalization, aim to offer substantially higher returns to the investors. In lieu of the current performance, you should look to invest in any of these three small cap funds – Reliance Small Cap Fund, HDFC Small Cap Fund and SBI Small Cap Fund.
| Fund Performance & Other Info | Reliance Small Cap Fund | HDFC Small Cap Fund | SBI Small Cap Fund |
|---|---|---|---|
| Launch Date of Funds | Sep 26, 2010 | April 3, 2008 | Sep 9, 2009 |
| Rating Out of 5 Stars (As Per Value Research) | 4 | 4 | 5 |
| Return Since Launch | 20.53% | 15.65% | 21.16% |
| 1-year Return | -26.79% | -38.49% | -16.95% |
| 3-year Return | -6.12% | -7.25% | 0.63% |
| 5-year Return | 3.22% | 0.36% | 7.08% |
| 10-year Return | - | 6.81% | 14.88% |
| AUM (In ₹) | 5,985 Cr | 6,246 Cr | 3,476 Cr |
| Minimum Investment Needed (In ₹) | 5000 | 5000 | 5000 |
| Minimum Investment Needed for SIP (In ₹) | 100 | 500 | 500 |
Best ELSS Funds to Invest
Investors often feel distraught when tax erodes the earnings they make on their investments. That’s why, one searches for an investment that ensures good earnings by saving the taxes. The search, however, ends with Equity-linked Savings Scheme (ELSS), which offers a tax concession of up to ₹1.5 lakh in a financial year as per the Section 80C of the Income Tax Act. The best of ELSS funds with their performance for different periods are shown below.
| Fund Performance & Other Info | Axis Long Term Equity Fund | Aditya Birla Sun Life Tax Relief 96 Plan | ICICI Prudential Long Term Equity Advantage Fund |
|---|---|---|---|
| Launch Date of Funds | Dec 29, 2009 | March 29, 1996 | Aug 19, 1999 |
| Rating Out of 5 Stars (As Per Value Research) | 5 | 4 | 3 |
| Return Since Launch | 20.53% | 15.65% | 21.16% |
| 1-year Return | -8.40% | -17.23% | -22.18% |
| 3-year Return | 5.10% | 0.46% | -2.93% |
| 5-year Return | 4.63% | 3.21% | 1.23% |
| 10-year Return | 13.77% | 8.83% | 8.55% |
| AUM (In ₹) | 17,495 Cr | 8,167 Cr | 6,298 Cr |
| Minimum Investment Needed (In ₹) | 500 | 500 | 500 |
| Minimum Investment Needed for SIP (In ₹) | 500 | 500 | 500 |
Disclaimer – Data sourced from Value Research as on April 9, 2020
What Does AUM Mean?
AUM, abbreviated for Assets Under Management, is the total corpus collected from several investors for a particular mutual fund scheme.
How to Invest in Top-performing Mutual Funds @ Wishfin?
You can invest in these funds through Wishfin, a leading online marketplace that offers the best wealth management and credit-related services to its wide range of clients. Just follow the steps below and invest in the fund you wish to.
- Go to www.wishfin.com
- Click on ‘Mutual Funds’ tab at the top
- Click on Login/Register
- If you are new, then click on Register
- Enter your mobile number and click “Next”
- Click on One-time Password (OTP)
- You will receive an OTP on your mobile number
- Enter the OTP and click on “Verify and Continue”
- Enter your name, e-mail ID and set a password as per the instructions
Now that your registration is complete –
- Click on Login
- Enter mobile number
- Click on “Get OTP” to receive the 4-digit number on your mobile and login
- A new page with different funds will appear on the screen
- Click on “Invest” button below the fund where you want to invest
Modes of Investment
You can invest either on a lump sum or Systematic Investment Plan (SIP) basis as per your convenience. A lump sum, as the name suggests, is a one-time investment. In contrast, an SIP is a recurring mode of investment at regular intervals. You can choose from any of these payment intervals – monthly, quarterly, half-yearly or annually.