Despite being highly misunderstood, mutual funds is one of the most loved asset classes for wealth creation.
If invested wisely, the returns are pretty high. But there should be no ambiguity in the investor’s mind regarding the aim, prior to investing. With the scheme goals matching investor’s aims, mutual funds - especially equity-linked funds can be one of the best investment decisions. It is one of the few asset classes that could beat inflation.
About 28 years after privatising this sector, the demand for this asset class has picked up. As per Association of Mutual Funds of India reports, the Asset Under Management (AUM) of the Indian mutual fund industry has grown from 5.45 trillion as on August 31, 2008 to 25.20 trillion as on August 31, 2018, more than four fold increase in a span of 10 years. The total number of folios as on August 31, 2018 stood at 7.66 crore, while the number of folios under equity, ELSS and balanced schemes, wherein the maximum investment is from retail segment, stood at 6.41 crore.
Considering the high demand and interest of investors in mutual funds as an asset class, we bring to you the best mutual fund schemes to invest in. The selection process was rigorous and done by the appointed Jury. Please note that the selection is restricted to the equity section with one exception and we have selected best five in each category without ranking them. Since the Jury meeting was conducted on August 28, 2018, we have marked it as a cut-off date to map returns. (Appointed Jury: Nilesh Shah, CEO, Kotak Mutual Fund; Deena Mehta, MD Asit C Mehta Investments; Saurabh Mukherjea,
Founder, Marcellus Investments; Swarup Mohanty, CEO Mirae
Asset Management)
Large Cap SchemesAditya Birla Sun life Frontline Equity Fund
Denne historien er fra October 2018-utgaven av Outlook Money.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Denne historien er fra October 2018-utgaven av Outlook Money.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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