Top 10 Best Mutual Funds To Invest In India 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.
Best Equity Funds
Best used for
- Create a large corpus of funds
- Retirement
- Children’s college education.
Benefits
- Inflation beating long term returns
- Scripbox pre-selects the 4 best equity mutual fundutual fund schemes
Mirae Asset Large Cap Fund (G)
HDFC Top 100 Fund (G)
Kotak Standard Multicap Fund (G)
Parag Parikh Long Term Equity Fund (G)
Best Tax saving Funds
Best used for
- Save taxes under Sec 80C
- Lowest lock-in (3 yrs)
Benefits
- Save upto Rs 46,800 on taxes
- Instant investment proofs
DSP Tax Saver Fund (G)
Motilal Oswal Long Term Equity Fund (G)
Best Debt Funds
Best used for
- Vacation
- Car
- Down payment.
Benefits
- Lower tax if you withdraw after 3 years
- Scripbox pre-selects the 3 best debt mutual funds for you from over 5900 debt mutual fund schemes.
Tata Liquid Fund (G)
Kotak Savings Fund (G)
ICICI Prudential Savings Fund (G)
Best Liquid Funds
Best used for
- Emergencies
- Easy liquidity (1 working day withdrawal)
Benefits
- Higher returns compared to bank account
- Withdraw money in just 1 working day.
Axis Liquid Fund (G)
Tata Liquid Fund (G)
Frequently asked questions
What are the best mutual funds?
Best mutual funds are those which are good for your specific objectives, have performed well in the past, and have a chance to perform better in the future. Investing in the best funds will help you gain better returns, with your specific objective kept in mind.
At Scripbox, mutual funds are algorithmically selected based on the past performance and other factors that have a high chance to perform better in the future. Investing in the best funds recommended by Scripobox will thereby improve your returns.
How to buy the best mutual funds?
Buying the best mutual funds is easy. You need to register a free online investment account with Scripbox and choose the category you would like to invest in and that’s it. You have now started your journey to investing in the best mutual funds online.
Why invest in best mutual funds through Scripbox?
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.
This way you are always invested in the best mutual funds at any point in time.
Where to buy the best mutual funds?
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You can buy mutual funds through two ways:
- By directly logging into the mutual fund company(AMC) website.
- By opening a free investment account with Scripbox and start investing in the best mutual funds online.
Which are the best mutual funds to invest for 1 year?
You can invest in Scripbox’s emergency fund that are catered for your emergencies and can be withdrawn anytime at ease.
What are the best mutual funds for long term?
For long term needs, Scripbox has a category of equity funds that are tailored for long term needs. These funds are algorithmically selected and constantly reviewed to ensure you stay invested in the best funds all the time.
Which are the best mutual funds for sip?
All the funds that are shown below can be used for SIP investing. With Scripbox you can set up SIP in just a few clicks.