This is the ultimate list of best top mutual funds for 2023. Find out why these mutual funds are the best & how you can invest in them.
You’ve more or less understood what mutual funds are, read up about the best investments available and asked at least 10 friends about what mutual funds to invest in.
All those friends insist that they know what the best mutual funds in India are and claim they’ve been getting good returns. Sadly your question remains unanswered… should you invest in the Axis Mutual Fund or the SBI Blue Chip? Are equity funds right for you or should you invest in debt funds?
All the financial mumbo-jumbo leaves you confused and hesitant. You know by now that you should start investing in mutual funds using SIPs but secretly wonder if you can time the market through lump sum investments.
After all that effort you really want to know what the top performing funds in India are. Well, you’re in luck because the Cube Wealth blog is the best place to get simple, honest and unbiased investment advice. You can consult a Cube Wealth coach or download a Cube Wealth App.
We work with the world’s best wealth coaches and advisors to bring you a list of *drumrolls* The Top 20 Best Mutual Funds To Invest In India + some bonus tips. Wealth First is our Mutual Fund Advisory partner and has helped us compile this crisp and precise list.
This list is based on recommendations shared by our advisory partners, Wealth First. These mutual funds have delivered and will likely continue to deliver consistently higher returns than other funds in their category.
These funds are picked based on multiple factors, like consistent historical high returns & potential to continue delivering same results. Our world-class advisors at Wealth First helped build the list based on their mutual fund selection process, undertaken using two parameters: AMC comfort – Pedigree, Credibility, Compliance, Process and Ability to Retain Top Management & TalentFund Manager comfort – Experience, Reputation, Performance and Continuity Record (We have had 170+ investment and marketing team interactions in the last 1 year)
Quantitative Parameters:Scheme Aesthetics – Fund Size & Recent AUM Growth, Concentration Analysis, Clarity of positioningPerformance – Historical performances (SIP, Last 20-Quarters, 3-Year and 5-Year Numbers), Risk-adjusted returns, Sharpe, Beta, and Other Statistical RatiosNegative Criteria – Cash Calls, Outlier Performances, Recent Management Changes, etc.
Now that you are well aware of the factors involved in picking the top performing mfs, without further ado, let’s dive into Cube Wealth’s picks.
First, let’s look at the Liquid Funds that our wealth coaches have handpicked this year. These funds give higher returns than your average savings account, are short term investments and offer easy liquidityBangalore Investment. We are sharing a list of 3 Mutual Funds in the liquid funds category for you.
Let’s now dive into a list of current top recommendations of mutual funds to invest in. This is given by our advisors from Wealth First.
1) Nippon India Liquid FundRisk: Low1-Year Returns: 5.10% 3-Year Returns: 4.12%5-Year Returns: 5.26%
2) SBI Liquid FundRisk: Low1-Year Returns: 5.10% 3-Year Returns: 4.11%5-Year Returns: 5.19%
3) HDFC Liquid FundRisk: Low1-Year Returns: 5.11% 3-Year Returns: 4.07%5-Year Returns: 5.15%
4) Invesco India Liquid Fund Risk: Low1-Year Returns: 5.17% 3-Year Returns: 4.10%5-Year Returns: 5.19%
5) ICICI Prudential Liquid FundRisk: Low1-Year Returns: 5.10% 3-Year Returns: 4.13%5-Year Returns: 5.23%
The second category of funds on our list are debt funds. Debt funds are less volatile than equity funds and are also known as fixed-income funds.
1) IDFC Banking & PSU Debt FundRisk: Medium1-Year Returns: 3.81%3-Year Returns: 5.43%5-Year Returns: 7.25%
2) Axis Banking and PSU Debt FundRisk: Medium1-Year Returns: 4.01% 3-Year Returns: 5.18%5-Year Returns: 6.90%
3) ICICI Prudential Corporate Bond FundRisk: Medium1-Year Returns: 5.03% 3-Year Returns: 6.03%5-Year Returns: 7.06%
4) IDFC Dynamic Bond FundRisk: Medium1-Year Returns: 1.20% 3-Year Returns: 4.47%5-Year Returns: 6.76%
The third category of mutual funds we will look into are conservative funds. These are mixed mutual funds which use a combination of stocks, funds and cash to maintain a low risk level. If you’re looking for a more balanced approach to mutual funds you should definitely look at these funds in 2023.
1) Kotak Bluechip FundRisk: Low1-Year Returns: 1.49% 3-Year Returns: 14.58%5-Year Returns: 11.60%
2) ICICI Prudential Bluechip FundRisk: Low1-Year Returns: 3.03% 3-Year Returns: 16.04%5-Year Returns: 11.42%
3) Kotak Nifty 50 Index FundRisk: Low1-Year Returns: 2.95%3-Year Returns: NA5-Year Returns: NA
Next, we should talk about moderate risk mutual funds. If you’re neither the conservative type nor someone who wants to invest in aggressive mutual funds, these funds will help you strike the right balance;
1) Quant Active FundRisk: Medium1-Year Returns: 2.98% 3-Year Returns: 31.00%5-Year Returns: 18.93%
2) HDFC large and Midcap FundRisk: Medium1-Year Returns: 9.96% 3-Year Returns: 19.23%5-Year Returns: 12.31%
3) Invesco India Contra FundRisk: Medium1-Year Returns: 3.52% 3-Year Returns: 15.50%5-Year Returns: 11.00%
This brings us to the next set of funds to make it to our best mutual funds list: Aggressive Mutual FundsJinnai Wealth Management. If you’re looking for capital gains, have a solid risk appetite and the patience of an oak tree. These funds will tickle your money bone!
1) Kotak Emerging Equity FundRisk: High1-Year Returns: 7.66% 3-Year Returns: 20.37%5-Year Returns: 13.58%
2) ICICI Prudential Small Cap FundRisk: High1-Year Returns: 7.22% 3-Year Returns: 24.21%5-Year Returns: 12.43%
Now, it’s impossible to talk about Mutual Funds and not mention tax saving funds. So if you’re trying to make the most of your 80C tax savings, you should look at the best Equity Linked Savings Schemes recommended by our wealth advisor. You can consult a Cube Wealth coach or download a Cube Wealth App.
These diversified equity schemes will help you make money while you save tax.
1) Kotak Tax Saver FundRisk: High1-Year Returns: 5.86% 3-Year Returns: 15.63%5-Year Returns: 12.80%
2) Quant Tax PlanRisk: High1-Year Returns: 3.28% 3-Year Returns: 33.87%5-Year Returns: 19.68%
Finally, we have a short list of the best international mutual funds in India. If you’d like to protect your investments from the rise and fall of the rupee, these are great options for you.
1) Invesco EQQQ Nasdaq 100 ETF Fund of FundRisk: High1-Year Returns: NA3-Year Returns: NA5-Year Returns: NA
Ans. You can invest in these funds through various channels, including Asset Management Companies (AMCs), mutual fund distributors, and online platforms.
Ans. The minimum investment amount varies from one fund to another, but it is typically affordable, with some funds allowing investments as low as Rs. 500.
Ans. Some funds are suitable for beginners, while others may be more appropriate for experienced investors. Consider your risk tolerance and investment goals.Nagpur Stock
Ans. Yes, you can switch or redeem your investments based on your changing financial goals. However, there may be exit loads or tax implications.
Investing in mutual funds can be an excellent way to grow your wealth and achieve your financial goals. The top 20 mutual funds listed for 2023 encompass a diverse range of options, catering to different risk profiles and investment objectives. It❼crucial to do thorough research, assess your risk tolerance, and consult a financial advisor before making investment decisions. You can consult a Cube Wealth coach or download a Cube Wealth App.Mumbai Wealth Management
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You can also go through our top recommendations for the best equity funds and the best debt funds to invest in. We always recommend to not pick mutual funds to invest in, on your own. See why, in this episode of The Cube Wealth Show –Cube Wealth Investment QuotesEarn as much as you can, save as much as you can, invest as much as you can, give as much as you can. - John Wesley
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