10 Best Mutual Funds for Investment In December 2024
Most of the investors, mainly inexperienced investors, always wanted to invest in the top mutual fund. They ask people to help them find the best scheme when they start their investment journey. However, most of the investors struggle to identify the right scheme for investment.
An online search normally leads to websites that already have lists of ready-made mutual fund schemes. Normally, the lists are short-term oriented, and sometimes a single category may end up dominating the list, and this happens because that particular category is currently the favourite or “flavour of the season”.
Some people will suggest the names of schemes in which they have to invest, and there is no assurance that the scheme will be suitable for you or not.
Here is the list of the 10 best mutual fund schemes:
- Canara Robeco Bluechip Equity Fund
- Mirae Asset Large Cap Fund
- Parag Parikh Flexi Cap Fund
- UTI Flexi Cap Fund
- Axis Midcap Fund
- Kotak Emerging Equity Fund
- Axis Small Cap Fund
- SBI Small Cap Fund
- SBI Equity Hybrid Fund
- Mirae Asset Hybrid Equity Fund
Here are all these 10 mutual funds explained:
1. Canara Robeco Bluechip Equity Fund
Canara Robeco Bluechip Equity Fund is a large-cap equity fund that invests in top-quality and well-established companies. Aims for long-term capital growth with lower risk if compared to mid or small-cap funds.
2. Mirae Asset Large Cap Fund
This fund focuses on large-cap stocks, ensuring stability and consistent growth. It is good for investors who are looking for stable returns from old and established companies whose market is less volatile.
3. Parag Parikh Flexi Cap Fund
Parag Parikh Flexi Cap Fund is a multi-cap fund investing in market caps and geographies. It has been known for its value-driven approach and diversification through this fund, offering growth potential with a decreasing concentration risk.
4. UTI Flexi Cap Fund
UTI Flexi Cap Fund invests in large, mid-cap, and small-cap companies. It focuses on the identification of growth opportunities in a market environment that maximizes long-term returns.
5. Axis Midcap Fund
Axis Midcap Fund has targeted mid-cap companies that can offer high growth. In an attempt to provide massive capital growth over the long run, it is good for moderately aggressive investors.
6. Kotak Emerging Equity Fund
Kotak Emerging Equity Fund is a mid-cap fund that invests in companies that are emerging and have high growth potential. This investment would be suitable for investors who seek higher returns with moderate to high risk-taking abilities.
7. Axis Small Cap Fund
The fund invests mainly in small-cap stocks, targeting high growth. It is beneficial for investors with a long horizon and a higher tolerance for market volatility.
8. SBI Small Cap Fund
SBI Small Cap Fund focuses on small-cap companies with higher growth, and it is well suited for aggressive investors looking for capital appreciation in the long term with greater market risks.
9. SBI Equity Hybrid Fund
It is a balanced hybrid fund investing in both equity and debt. This fund provides both income and growth returns as well and is very ideal for investors seeking moderate risks.
10. Mirae Asset Hybrid Equity Fund
This hybrid equity fund uses equity and debt investments to balance risk and returns. The fund primarily focuses on long-term growth while reducing volatility. Hence, the Mirae Asset Hybrid Equity Fund is suitable for those investors who are looking for moderate risk with steady returns.
