Best Mutual Funds in India - Top 10 Mutual Funds To Invest in 2020

Invest in the best mutual funds recommended by Scripbox that are scientifically and algorithmically selected that best suit your needs. Be it long-term, short-term, tax saving or your emergency needs. We have you covered. Let’s take a look at the best mutual funds to invest this year.

Scientifically-chosen Mutual Funds

Scripbox algorithms help you choose the best performing funds from over 8,000 choices basis their historical performance.

Start modest

Start small, stay strong. The longer you stay invested with us, the better your returns are. Why? Because it is the magic of compounding.

One-click investment

Choose between SIPs (Systematic Investment Plan) and OTIs (one-time investments). Invest in the recommended top mutual funds in India with a single click.

Track your investments

We help you stay on track with your investments and also inform you in case you need to change your selection.

Investing with Scripbox saves you time and effort

  • Algorithimically Selected Mutual Funds

    From 6000+ choices in the market.

  • Annual Review Of Funds

    To ensure you're on track to achieve your life goals.

  • Tax Optimisation

    Reduce long-term capital gains in taxes when you withdraw.

  • Consolidated Portfolio

    One account for your regular fund investments.

Best Equity Mutual Funds

Inflation beating returns

Usage
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    Create a large corpus of funds

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    Retirement

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    Children’s college education

Benefits
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    Inflation beating long term returns

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    Scripbox pre-selects the 4 best equity mutual fundutual fund schemes

  • founder-logo

    Mirae Asset Large Cap Fund Regular Growth

    • Equity
    • Large Cap
    ₹ 16,733.83 Cr
    Fund Size
    ₹ 1,000
    Min Investment
    11+ Yrs
    Age
    3.67%
    Return (5yr)
  • founder-logo

    Axis Bluechip Fund Growth

    • Equity
    • Large Cap
    ₹ 11,823.95 Cr
    Fund Size
    ₹ 1,000
    Min Investment
    10+ Yrs
    Age
    5.92%
    Return (5yr)
  • founder-logo

    Kotak Standard Multicap Growth

    • Equity
    • Diversified
    ₹ 29,459.53 Cr
    Fund Size
    ₹ 1,000
    Min Investment
    10+ Yrs
    Age
    3.44%
    Return (5yr)
  • founder-logo

    Invesco India Growth Opportunities Fund - Growth

    • Equity
    • Diversified
    ₹ 2,498.42 Cr
    Fund Size
    ₹ 1,000
    Min Investment
    12+ Yrs
    Age
    2.56%
    Return (5yr)
Long Term Wealth
Inflation beating Growth Rate
  • 5+ years
    Recommended
  • 12-14%
    Growth Rate
  • No Lock-in
fund icon
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Inflation beating long-term returns

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Scripbox pre-selects the 4 best equity mutual funds for you from over 400 equity mutual fund schemes.

Best Debt Mutual Funds

Better than FD

Benefits
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    Lower tax if you withdraw after 3 years

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    Scripbox pre-selects the 3 best debt mutual funds for you from over 5900 debt mutual fund schemes.

  • founder-logo

    Axis Liquid Fund Growth

    • Debt
    • Liquid
    ₹ 30,918.84 Cr
    Fund Size
    ₹ 1,000
    Min Investment
    10+ Yrs
    Age
    6.86%
    Return (3yr)
  • founder-logo

    Kotak Savings Fund Growth

    • Debt
    • Ultra Short
    ₹ 12,951.19 Cr
    Fund Size
    ₹ 1,000
    Min Investment
    15+ Yrs
    Age
    7.21%
    Return (3yr)
  • founder-logo

    ICICI Prudential Savings Fund Growth

    • Debt
    • Short Term
    ₹ 22,150.12 Cr
    Fund Size
    ₹ 1,000
    Min Investment
    17+ Yrs
    Age
    7.55%
    Return (3yr)
Short Term Money
Better than FD
  • 1-5 years
    Recommended
  • 6-8%
    Growth Rate
  • No lock-in
short-term
point

Lower tax if you withdraw after 3 years

point

Scripbox pre-selects the 3 best debt mutual funds for you from over 5900 debt mutual fund schemes.

Best ELSS Mutual Funds

Better than FD

Benefits
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    Lower tax if you withdraw after 3 years

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    Scripbox pre-selects the 3 best debt mutual funds for you from over 5900 debt mutual fund schemes.

  • founder-logo

    Mirae Asset Tax Saver Fund -Regular Plan-Growth

    • Equity
    • Tax Saving
    ₹ 3,281.58 Cr
    Fund Size
    ₹ 1,000
    Min Investment
    4+ Yrs
    Age
    0.55%
    Return (3yr)
  • founder-logo

    Motilal Oswal Long Term Equity Fund - Regular Plan - Growth

    • Equity
    • Tax Saving
    ₹ 1,685.97 Cr
    Fund Size
    ₹ 1,000
    Min Investment
    5+ Yrs
    Age
    -2.9%
    Return (3yr)
Tax Saver Plan
Better than Insurance, FD
  • 12-14%
    Growth Rate
  • 3 Years lock-in
tax-saver
point

Downloadable investment proof

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Scripbox pre-selects the 2 best ELSS mutual funds for you from over 145 ELSS mutual fund schemes

Best Liquid Fund

Better than savings deposit

Benefits
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    Higher returns compared to bank account

  • founder-logo

    Axis Liquid Fund Growth

    • Debt
    • Liquid
    ₹ 30,918.84 Cr
    Fund Size
    ₹ 1,000
    Min Investment
    10+ Yrs
    Age
    6.25%
    Return (1yr)
  • founder-logo

    Tata Liquid Fund Regular Growth

    • Debt
    • Liquid
    ₹ 18,671.01 Cr
    Fund Size
    ₹ 1,000
    Min Investment
    15+ Yrs
    Age
    6.24%
    Return (1yr)
Emergency Fund
Better than savings deposit
  • 6-8%
    Growth Rate
  • No lock-in
long-term
point

Higher returns compared to bank account

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Withdraw money in just 1 working day.

What are the Mutual Funds?

An asset management company AMC 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 invested 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.

How to Select the Best Performing Mutual Funds in 2020?

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.

Investment Objective

An investor should first sort out his personal life goals and corresponding to the life goals an investment scheme must be chosen. Each scheme is different from the other and serves a different purpose.

Hence to arrive at a meaningful decision the fund’s objective must match an investor’s goals and risk appetite. A long term objective cannot be met with a short term scheme.

All the necessary details related to the scheme, its asset allocation, objective, and strategy are available in the key information document and scheme information document.

Fund History

The fund history is the track record of the fund’s performance in the past during the ups and downs of the market. This shows the strength of the fund during tough times.

A recently launched fund may or may not outperform the tough times i.e. bear runs in the market since it does not have dealt with such scenarios. On the other hand, a fund with a good history of generating consistent returns shows the accuracy of investment strategies.

To shortlist, an investor must check the track for the same period for which the investment horizon is decided. For example, if an investor is willing to invest for say 5 years he must check the track record of 5 years of the fund.

Expense Ratio

An annual fee is charged by the fund house manager for managing an investor’s funds, this is called expense ratio and expressed as a percentage. The final payoff to an investor will be the returns generated minus the expense ratio. The net amount is the final amount that an investor received.

A higher expense ratio would result in lower returns for an investor. Hence while considering a fund, an investor must choose a fund with a lower expense ratio compared to peer funds in the category.

Performance of fund manager

The fund manager’s involvement is critical in the performance of a fund. It is the fund manager’s responsibility to ensure the show is going smoothly. It is important to know the track record of the fund manager.

An investor must check the performance of the fund during the market rally and slump. Better fund management is showcased when a fund provides consistent returns and contains losses during the bear runs of the market.

How to invest in Best Mutual Funds?

An investor can invest a lump sum one time or through SIP periodically. An investor can choose to invest lump sum one time if he has considerable corpus to invest for a longer-term. While SIP is a regular investment over a period of time. An investor can choose to invest monthly, quarterly or half-yearly. SIP is recommended for the first time mutual fund investors.

Investing through Scripbox is made easy and paperless. All you need to do is follow the below steps and start investing.

  1. 1. Sign in at scripbox.com
  2. 2. Enter personal details like date of birth, gender
  3. 3. Complete your KYC
  4. 4. Add your bank details
  5. 5. Create a new plan and start investing

The Scripbox Promise

Scripbox has helped over 2500 people become millionaires in the last 7 years.

Fund Selection
  • You'll never have to worry about what funds to choose. We'll suggest what's best for you.
Continuous monitoring & action alerts
  • We will track our recommendations and suggest changes & fund exists whenever required.
All week call assistance
  • Our customer champions are available 7 days a week from 8AM to 8PM.
Annual reviews & course corrections
  • We review your investments and make course corrections every year to make the best out of your investments

Frequently Asked Questions

Before investing in a mutual fund an investor sets his life goals and understand 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.

An investor has the option to invest a lump sum or through SIP. Investing through SIP 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.

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.

Investing in the best mutual funds gives you better returns there by 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 a potential to perform better.

You can invest in Scripbox’s emergency fund that are catered for your emergencies and can be withdrawn anytime at ease.