Invest in the best mutual funds recommended by Scripbox that are scientifically and algorithmically selected that best suit your needs. Let's take a look at the top mutual funds to invest this year. Be it long-term, short-term, tax saving or your emergency needs. We have you covered.
Learn how Scripbox Recommends fundsNote : *NA implies that Fund is relatively new. Not enough data available
Invest in these funds with automated best practices like quarterly scans, updates & tax-optimised withdrawals
Below are the best mutual funds in india:
ICICI Prudential Value Discovery Fund Direct (G) is a Equity fund that has delivered a 1 Year return of 24.0%, a 3 Years return of 24.1% and a 5 Years return of 25.9%. The fund has an expense ratio of 1.0% and an AUM of ₹48988 crores as of 2024-12-22.The minimum lump sum investment is ₹5000.
Parag Parikh Flexi Cap Fund Direct (G) is a Equity fund that has delivered a 1 Year return of 26.1%, a 3 Years return of 18.3% and a 5 Years return of 25.8%. The fund has an expense ratio of 0.6% and an AUM of ₹84641 crores as of 2024-12-22. It was Launched on 2013-05-24. The minimum lump sum investment is ₹5000.
HDFC Large and Mid Cap Fund Direct (G) is a Equity fund that has delivered a 1 Year return of 24.0%, a 3 Years return of 23.7% and a 5 Years return of 23.8%. The fund has an expense ratio of 0.8% and an AUM of ₹23989 crores as of 2024-12-22. It was Launched on 2013-01-01. The minimum lump sum investment is ₹5000.
DSP ELSS Tax Saver Fund Direct (G) is a Equity fund that has delivered a 1 Year return of 28.7%, a 3 Years return of 21.7% and a 5 Years return of 22.2%. The fund has an expense ratio of 0.7% and an AUM of ₹16835 crores as of 2024-12-22. It was Launched on 2013-01-01. The minimum lump sum investment is ₹500.
Mirae Asset ELSS Tax Saver Fund Direct (G) is a Equity fund that has delivered a 1 Year return of 22.9%, a 3 Years return of 17.3% and a 5 Years return of 21.2%. The fund has an expense ratio of 0.6% and an AUM of ₹25315 crores as of 2024-12-22. It was Launched on 2015-12-28. The minimum lump sum investment is ₹500.
ICICI Prudential Bluechip Fund Direct (G) is a Equity fund that has delivered a 1 Year return of 21.1%, a 3 Years return of 19.1% and a 5 Years return of 19.0%. The fund has an expense ratio of 0.9% and an AUM of ₹63938 crores as of 2024-12-22.The minimum lump sum investment is ₹5000.
ICICI Prudential US Bluechip Equity Fund Direct (G) is a International Equity fund that has delivered a 1 Year return of 14.2%, a 3 Years return of 11.9% and a 5 Years return of 15.5%. The fund has an expense ratio of 1.1% and an AUM of ₹3349 crores as of 2024-12-22.The minimum lump sum investment is ₹5000.
HDFC Gold ETF Fund of Fund Direct (G) is a Precious Metals fund that has delivered a 1 Year return of 20.0%, a 3 Years return of 14.7% and a 5 Years return of 13.7%. The fund has an expense ratio of 0.2% and an AUM of ₹2715 crores as of 2024-12-22. It was Launched on 2013-01-01. The minimum lump sum investment is ₹5000.
Kotak Gold Fund Direct (G) is a Precious Metals fund that has delivered a 1 Year return of 20.0%, a 3 Years return of 14.4% and a 5 Years return of 13.6%. The fund has an expense ratio of 0.2% and an AUM of ₹2251 crores as of 2024-12-22.The minimum lump sum investment is ₹5000.
HDFC Floating Rate Debt Fund Direct (G) is a Debt fund that has delivered a 1 Year return of 8.6%, a 3 Years return of 7.0% and a 5 Years return of 7.0%. The fund has an expense ratio of 0.3% and an AUM of ₹15104 crores as of 2024-12-22. It was Launched on 2013-01-01. The minimum lump sum investment is ₹5000.
An asset management company (AMC) or fund house pools investments made by individual investors and institutional investors. With this pool of investments, an AMC forms a mutual fund. AMCs have fund managers who manage the fund investments amount and invest in stocks, securities, and bonds, etc on the behalf of investors.
Mutual fund investors are allocated units of the fund against the quantum of investment. These units can be re-invested or redeemed by investors on the maturity of the fund at the NAV.
Net Asset Value NAV is the market price of the fund. It is important because it represents the worth of each share of the fund. One can say just like shares have a share price, mutual funds have a NAV to represent it’s worth.
An investor would ultimately want a mutual fund that provides a higher return. The entire selection process can be guided by three attributes which are an investor’s life goals, understanding of investment risk and investment horizon.
Before investing in a mutual fund an investor sets his life goals and understands his or her exposure to risk. The next step is to examine the past performance of the fund for the same investment horizon as selected by the investor. Along with performance, the rating of the fund reflects the reliability of the fund, the higher the better.
The mutual fund calculator provides an investor with the maturity amount and wealth gained out of the principal amount invested. An investor needs to provide the monthly amount invested, investment horizon, expected rate of return, and annual step-up percentage.
An investor has the option to invest a lump sum or through SIP. For an investor investing through SIP can be regarded as the best way to invest in mutual funds in India because it helps build a habit of saving regularly in a disciplined manner.
During the course of investing in mutual funds, an investor may be exposed to the ups and downs of the market. However, in the long run, staying invested is the best way to achieve a financial goal with a mutual fund investment plan.
You can use Scripbox’s SIP calculator and lumpsum calculator to get an estimate of total wealth gained on mutual fund investments and maturity amount at the end of the fund schemes investment horizon
You can also use Scripbox’s ELSS fund calculator to estimate the return on ELSS fund investments and the maturity value at the end of the investment horizon. Since investment in ELSS fund is allowed as a deduction under Section 80C it is also known as tax saver equity funds.
Investing in the best mutual funds gives you better returns thereby growing your money the right way to meet your objectives. In Scripbox once we have selected the funds, we don’t stop there; we continuously monitor the performance of the fund and eliminate the funds that are underperforming and introduce a new fund that has the potential to perform better.
You can invest in Scripbox’s emergency fund that is catered for your emergencies and can be withdrawn anytime at ease.
