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Best Equity Mutual Funds for Teenagers

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Highlights

  • Want to build corpus for your teenaged kids? Invest in the equity funds demonstrated here
  • These funds are Franklin India Prima Fund, SBI Focused Equity Fund, etc
  • These funds have provided returns of 13% and above in a 10-year period

As a teenager, one could either be on the verge of completing the matriculation or pursuing graduation somewhere. They can have some years left before they start doing jobs in corporates. Their doting parents should thus generate some corpus for their teenaged wards. And what better way to do so by investing in the power of equity mutual funds that can be a money multiplier over the long-term. These funds invest heavily in stocks that can appreciate the value of money significantly high over time. We have listed out the best equity mutual funds for teenagers in this article. As a parent, you can look at the performance of these funds before choosing from the same.

Top-performing Equity Funds to Bet on

The table below shows the equity funds parents should invest in for their wards.

Equity Mutual FundsRating1-year Return3-year Return5-year Return10-year Return
Axis Bluechip Fund5 Star1.63%13.06%10.91%-
Franklin India Prima Fund4 Star-11.27%4.05%10.92%15.67%
SBI Focused Equity Fund5 Star-2.24%9.45%11.76%17.40%
Motilal Oswal Multicap 35 Fund
5 Star-7.66%8.37%15.04%-
Axis Focused 25 Fund
5 Star-6.59%12.07%12.69%-
HDFC Small Cap Fund
5 Star-17.40%7.42%10.94%13.05%
SBI Small Cap Fund
5 Star-12.58%10.63%17.67%-

Note – The data is sourced from Value Research as on August 26, 2019, and pertains to the regular plan of the schemes shown above.

How to Invest in Equity Mutual Funds?

You can invest in equity funds either through lump sum or a systematic Investment Plan (SIP). A lump sum is typically a one-time investment. On the other side, an SIP ensures investment at regular intervals, which can be daily, weekly, fortnightly, monthly, quarterly, half-yearly or annually. However, the monthly frequency can be ideal for most as it helps budget things better.

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Can You Invest in Equity Funds Online?

Everything is getting online these days, from opening a bank account to investing in mutual funds. So, if you wish to invest online, you can visit Wishfin, a premier financial marketplace, and follow the steps shown below.

  • Go to www.wishfin.com
  • Click on ‘Mutual Funds’
  • Go to ‘Register’
  • Enter your mobile number
  • Click on ‘Get Started’
  • Mention your name, email ID, the city you live in
  • Create a password that conforms to alphabet, numeric and special character requirements
  • Click on ‘Sign Up’

Your account will be created after entering a few more details.

After Login

  • Go to ‘Explore Mutual Funds’
  • Click on ‘Equity’ icon
  • A list of equity funds with different ratings, denoted in stars, will flash on the screen
  • Click on ‘Invest’ below any of the top-rated schemes you wish to invest in

Disclaimer – “Mutual fund investments are subject to market risks. Please read the scheme document carefully before investing”.