For your long-term needs:
Your long-term money is best invested in equity mutual funds to beat inflation.
Here are the 4 equity funds we recommend for you.
- Aditya Birla Sun Life Frontline Equity Fund (G)
- SBI Blue Chip Fund (G)
- L&T India Value Fund (G)
- Mirae Asset Large Cap Fund (G)
The best tax saving funds to claim tax exemption under Section 80C:
You are aware that Tax Saving (ELSS) funds are the best way to save tax and invest for the long term.
(Note: this recommendation is for the current financial year 2018-19)
For your short-term needs:
An alternative to bank FDs, debt funds provide better returns after taxes are taken into account. We evaluate the safety of the funds and their track record and recommend a portfolio of 3 funds for your short-term money needs.
- Axis Liquid Fund (G)
- SBI Magnum Low Duration Fund (G)
- ICICI Prudential Corporate Bond Fund – Regular (G)
For emergency needs:
Our recommended fund comes with a debit card which enables withdrawals at any time – day or night and on weekends.
You can use this fund to create your emergency fund too.
How are these funds selected?
We follow a rule-based, scientific approach to shortlist just 10 best mutual funds from the universe of 8,000+ options. Read more about our fund selection process here.
Check out top performing mutual funds in 2019