Systematic Investment Plans (SIPs) allow you to invest in mutual funds in the most affordable manner. You can start your mutual fund investments with as little as Rs.500 every month and build up a corpus over time. Through SIPs, you get the benefit of rupee cost averaging and you don’t have to time the market. Moreover, the compounding of returns also creates a considerable corpus if you give your investments time.
Given these benefits, SIPs have become quite popular among investors. If you are also looking to invest in mutual funds through the SIP route, here are the 10 best mutual funds in India that you can choose –
- Quant Active Fund
This is a multi-cap equity fund that has given the best returns in its category and has an AUM of Rs.260 crores as of 31st March 2021.
- Parag Parikh Flexi Cap Fund
A multi-cap fund, the fund boasts of an AUM of Rs.8182 crores as of 31st March 2021. The expense ratio is 0.95% and the benchmark index is Nifty 500 TRI.
- Mirae Asset Emerging Bluechip Fund
It is a large and mid-cap equity fund with an expense ratio of 0.64% and an AUM of Rs.16, 190 crores as of 31st March 2021.
- Axis Focused 25 Fund
This is a focused fund which invests in 25 hand-picked stocks which have the potential to generate the best returns.
- Quant Tax Plan
An ELSS scheme for tax saving, the fund has an AUM of Rs.106 crores as of 31st March 2021 and a low expense ratio of 0.57%.
- Nippon India Pharma Fund
A sectoral equity fund, the fund invests primarily in stocks and securities of the pharmaceutical companies in India. The expense ratio is 0.82% only.
- Edelweiss Greater China Equity Offshore Fund
An international fund was earlier called the JP Morgan JF Greater China Equity Offshore Fund. The fund has given attractive returns since its inception.
- ICICI Prudential Technology Fund
Another sectoral mutual fund, this fund invests in technology stocks that have been growing due to the technological advancements in the country.
- Quant Infrastructure Fund
An infrastructure fund, the fund was launched on 1st January 2013 and has been a top performer among its peer group ever since.
- Axis Small Cap Fund
This is a small-cap mutual fund which follows the benchmark of Nifty Free Float Smallcap 100 TRI.
The returns of these funds are given below which show why they are considered to be the best mutual funds in India –
|Name of the fund||1-year return*||3-year return*||5-year return*|
|Quant Active Fund||108.54%||23.02%||21.35%|
|Parag Parikh Flexi Cap Fund||73.95%||20.69%||19.67%|
|Mirae Asset Emerging Bluechip Fund||73.53%||17.88%||21.86%|
|Axis Focused 25 Fund||56.6%||13.06%||18.65%|
|Quant Tax Plan||118.93%||25.05%||23.34%|
|Nippon India Pharma Fund||54.01%||25.84%||16.65%|
|Edelweiss Greater China Equity Offshore Fund||66.33%||27.47%||27.08%|
|ICICI Prudential Technology Fund||125.62%||28.54%||22.87%|
|Quant Infrastructure Fund||136.42%||17.84%||19.41%|
|Axis Small Cap Fund||79.14%||19.16%||19.71%|
*as of 3rd May 2021
(Source: https://www.etmoney.com/mutual-funds/featured/best-sip-funds/18) Pick one or more of these best mutual funds in India to invest in 2021. Pick different schemes when you invest in mutual funds to build up a diversified portfolio for maximum returns.