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What are Mutual Funds? Mutual funds are the basic investment plan to save and grow your money with market risks. The two major types of Mutual Funds are Equity funds and Debt funds. Equity funds provide comparatively higher liquidity and higher returns at higher risk. Debt funds give comparatively lesser returns at lower risk. While investing in Mutual funds, it is important to choose the funds carefully based on the performance. Here are the top 10 best performing Mutual funds of FY 2021.
Top Equity Funds:
As said before, the Equity funds provide higher returns at higher risks. Also, you can liquidate them any time as they have more liquidity. Here is the list of the top 5 equity funds.
- Mirae Asset Large Cap Fund:
Mirae Asset Large Cap Fund has shown a 70% growth ratio from the launch. The current NAV of this fund is 70.52, which has grown drastically in the last 10 years. This fund has invested a majority of its money in the following companies:
HDFC Bank, Infosys, Reliance Industries, ICICI Bank, Axis Bank, TCS, Bharati Airtel, SBI, Hindustan Unilever and Dr Reddy’s Laboratories.
3-year return: 12.33%
5-year return: 16.35%
- Axis Bluechip Fund
Axis Bluechip Fund has 82.74% investments in Indian Stock. These funds are suitable for those who are looking to invest for at least 3-4 years with high returns. As the funds give high returns, the investors should also be cautious that the market risks are also high.
3-year return: 14.85%
5 year return: 16.49%
- ICICI Prudential Bluechip Fund
ICICI Prudential Bluechip Fund has a 95.79% investment in Indian Stocks and is suitable for investors who are looking forward to investing for 3-4 years.
3-year return: 10.76%
5 year return: 14.55%
- SBI Bluechip Fund
SBI Blue Chip Fund has 98.56% investments in Indian stocks and gives higher returns when invested for 3-4 years. However, the returns and investments are subjected to market risks.
3-year return: 10.49%
5-year return: 13.32%
- SBI Flexicap Fund
SBI Flexicap Fund has 93.41% of investments in Indian Stocks and gives higher returns with higher risks.
3-year return: 9.83%
5-year return: 14.16%
Top Debt funds:
Unlike Equity funds, Debt funds yield lesser returns at lower risks. Also, these are suitable for senior investors who look for a decent return with a minimal amount of risks.
- Nippon India Low Duration Fund
Fund has 90.34% investment in Debt (Government securities and Low-risk securities). This is suitable for a short term investment of 1-3 years as an alternative for Bank deposits.
3-year return: 6.86%
5-year return: 7.08%
- UTI-ST Income Fund-Inst
UTI-ST Income Fund-Inst has 87.92% investment in Government securities and very low-risk securities
3-year return: 3.5%
5-year return: 5.22%
- Aditya Birla Sun Life Savings Fund
Aditya Birla Sun Life Savings Fund has 93.49% investments in Government securities and low-risk securities. This also acts as an alternative for short term (1-3 years) bank deposits.
3-year return: 7.29%
5-year return: 7.56%
- HDFC Short Term Debt Fund
HDFC Short Term Debt fund has 87.41% invested in government securities and low-risk securities.
3-year return: 8.55%
5-year return: 8.21%
- DSP Credit Risk Fund
DSP Credit Risk fund has 65.49% invested in government securities and low-risk securities.
3-year return: 1.79%
5-year return: 4.24%