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
| Fund Name | Best to Invest in | 3 Year Return |
| SBI Bluechip Fund | Large Cap | 20.70% |
| Mirae Asset Emerging Bluechip Fund Growth | Large & Mid Cap | 22.60% |
| Nippon India Smallcap Fund Growth | Small cap | 38.80% |
| SBI Focused Equity Fund Growth | Focused | 15.30% |
| SBI Small Cap Fund Growth | Small Cap | 30.40% |
| SBI Equity Hybrid Fund Regular Growth | Aggressive Hybrid Fund | 13.60% |
| HDFC Balanced Advantage Fund | Balanced Advantage | 24.40% |
| Canara Robeco Emerging Equities fund | Large & Mid Cap | 19.80% |
| Parag Parikh Flexi Cap Fund Growth | Flexi Cap | 27.90% |
| Kotak Emerging Equity Fund | Mid cap | 26.70% |
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.
