Looking for Best Mutual Funds to Invest in ? Find Them Here

All set to invest in mutual funds? But not able to figure out the best from the long list of funds? Don’t worry, we have listed out the best funds for you to pick from. These funds, with double-digit returns and high liquidity, have given investors the reasons to cheer. Also, the favourable market cues, like shrinking returns from fixed deposits and public provident fund, make these MF schemes stand out. So, let’s glance at the best mutual funds you can look to invest in the ongoing month.

Seeking High Returns? These Equity Funds Can be the Best Bets for You!

These funds, with an ability to generate high returns, can grow your money substantially over time. So, take a look at the table below to find the top-performing equity funds in the MF space.

Top-performing Equity FundsReturn Since Inception1-Year Return3-Year Return5-Year Return10-Year Return
ICICI Value Discovery Fund (Growth)22.01%8.87%11.90%20.65%16.42%
SBI Magnum Multicap Fund - (Growth)13.44%18.42%18.45%20.90%8.26%
DSP BlackRock Opportunities Fund - Growth19.12%17.62%17.75%20.17%10.82%
Birla Sun Life Frontline Equity Fund19.08%20.15%21.24%23.12%10.18%

Invest in Best Equity Funds

Save Taxes with ELSS Funds

Equity-linked Saving Scheme (ELSS), a tax-saving product, has grabbed the attention of the investors in the recent times due to the rapidly falling interest rates in competing products like Public Provident Fund (PPF). The interest rates on PPF have dipped to 7.8% from 8.7% per annum a year ago. In comparison, ELSS investors have had a smooth sail by raking in an average return of 14.29% and 17.71% in the last 3 and 5 years, respectively.

People Also Look For  Best Equity Mutual Funds for Teenagers

The investments made in ELSS qualify for a tax deduction of up to ₹1.5 lakh under Section 80C of the Income Tax Act, in a financial year. So, what are those top ELSS funds you should bet on? Let’s find out below.

Best ELSS FundsReturn Since Inception1-Year Return3-Year Return5-Year Return10-Year Return
DSP BlackRock Tax Saver Fund15.09%16.18%16.89%20.79%12.24%
Reliance Tax Saver (ELSS) Fund16.24%19.94%14.08%21.59%13.23%
ICICI Prudential Long Term Equity Fund (Tax Saving)

Invest in Best ELSS Funds

Say Yes to Liquidity & Income with Debt Funds

If you seek liquidity or income from your investment, there is none better than debt funds which have multiple short and long-term plans to provide the same.

Top Debt FundsReturn Since Inception1-Year Return3-Year Return5-Year Return10-Year Return
Baroda Pioneer Credit Opportunities Fund - Plan A10.49%9.10%10.25%--
Birla Sun Life Corporate Bond Fund9.65%8.84%9.70%--
ICICI Prudential Gilt Fund Investment Plan PF Option9.38%7.13%12.03%10.19%10.87%
Reliance Money Manager Fund8.31%7.05%8.13%8.58%8.26%

Invest in Top Debt Funds

Note – Details of these funds are sourced from Value Research. The returns shown are in CAGR, the short form of Compounded Annual Growth Return.

Disclaimer- Mutual Fund Investments are subject to market risks. Please read the scheme related documents carefully before investing.