Best Mutual Funds to invest in 2023: Mutual Funds have provided a lot of happiness to the investors during the last year. Mutual funds have given very good returns to the investors. There are some small and mid-cap schemes in particular, which have generated exceptional returns. Investors investing through Systematic Investment Plans (SIPs) have also made substantial profits.
Top 5 Mutual Funds to Invest in 2023
Due to COVID-19, there was a lot of upheaval in the stock market and mutual funds. Today we will talk about such Mutual Funds which can give excellent returns for you even in 2022. Let us know which are those Mutual Funds which have more chances of good returns than others.
1. Birla Sun Life Tax Relief 96:
This fund will help you save tax under Section 80C as well as help in growing your capital by investing in equity investments. This fund was started in 1996. Its fund manager has been managing the fund since 2006 and has done a great job for the fund. Since its inception, this fund has given SIP returns of about 17.37 percent. Which is very much appreciated.
2. Reliance Tax Saver Fund
Reliance Tax Saver Fund is an open-ended ELSS. This fund attempts to maintain a balance between large-cap and mid-cap companies. This fund has the potential to deliver very high returns in the next 2 to 3 years. The fund has given SIP returns of 18.23 per cent since its inception.
3. Mirae Asset India Opportunities Fund :
Mirae India Opportunities Fund is also an open ended equity scheme. This fund was started in the year 2008 and is managed by 2 very capable managers Nilesh Surana and Harshad Boravke. Since inception, Mirae Asset India Opportunities Fund has given SIP returns of 20.06 per cent which is very good.
4. Mirae Asset Emerging Bluechip Fund
Mira Asset Emerging Bluechip Fund has recently become a great MF giving good returns. It is an open ended equity scheme. The fund was started in 2010 and is managed by Nilesh Surana. Since inception, this fund has delivered SIP returns of 29.10 per cent. Which is exceptional for any MF.
5. HDFC Mid-Cap Opportunities Fund
The fund is managed by Star Fund Manager Chirag Setalvad since its inception. It is an open ended scheme. Its main objective is to deliver good returns over a long period of time. Since inception, this fund has given an impressive SIP return of 22.94 per cent which is commendable.
Looking at the kind of benefits that people have got by investing in mutual funds in the last few years, it seems that investing in mutual funds in 2022 will be beneficial. If your budget is not high and you do not want to invest much or you think that investing in mutual funds will cost more money, then you can invest only according to Rs.500 per month. Read more about mutual funds.
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If you also want to make good use of your money by investing in Mutual Funds, then here is a list of Top 5 mutual fund companies in India. You can invest in Mutual Funds by choosing any company according to your convenience.