Classified as very high risk, the PGIM India Midcap Opportunities Fund is best suited for investors who aim to invest for at least 3-4 years and are seeking high returns, and have a 5-year CAGR of 21.23%. While the minimum lump sum amount is INR 5000, for units crossing 10% of the investment, 0.5% will be the levied charges for redemption within 90 days. With an expense ratio of 0.37% and a minimum SIP amount of INR 1000, the PGIM India Midcap Opportunities fund currently has an AUM of INR 2383.38 cr. While the returns are taxed at 15% if the fund is redeemed before one year, customers are required to pay 10% along with an LTCG tax on the returns of INR 1 lakh+ in a financial year. With a current Asset Under Management (AUM) of INR 3,691.25 cr, the fund is rated extremely high risk and the minimum SIP (Systematic Investment Plan) is set to 1000. Canara Robeco Bluechip Equity Fund (Large-Cap)Īn equity mutual fund scheme launched by Canara Robeco Mutual Fund, this scheme has been available since 2013 and seeks to provide capital appreciation by mainly investing in companies having large market capitalization. The Axis Bluechip Fund aims to generate long-term capital growth through investment in a diverse portfolio and is suitable for investors who are looking for long-term capital appreciation. While they are less volatile than mid-cap or small-cap stocks and have sufficient liquidity, they are rated high risk and the minimum SIP is set to INR 500 with the minimum lump sum investment set to INR 5000. Launched by Axis Mutual Fund, the Axis Bluechip Fund currently has an AUM of INR 29,160.6 crore and invests in blue-chip stocks or stocks of large organizations that are financially stable and established. Mutual funds are often categorized as large-cap funds, mid-cap funds, small-cap funds, flexi cap funds, and ELSS (Equity-Linked Savings Scheme) funds. The funds can go through different phases according to market cycles, you need to remain invested in the right funds and give them sufficient time to work for you.However, before delving into the best-performing mutual funds, it’s necessary to understand their classification. So, whenever you review the portfolio, it is not always necessary to rebalance or churn the portfolio. Try to follow the disciplined approach and remain invested in the right funds for the long term to create a strong portfolio. Though your investment horizon is long term you should try to review your portfolio at least once in six or twelve months to check how it is performing. Mirae Emerging Bluechip Fund (10% or Rs.2,500 whichever is higher).Hence, it is always better to start with steady and blue-chip companies.įollowing are the funds that you may consider investing through SIPs keeping the long term horizon in mind. In the beginning, it is better to avoid mid-cap, small-cap, or sectoral funds as the risk is much higher in these funds and if they do not work in your favour you will be tempted to shy away from equity and lose out on a great opportunity.
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