Given below is a list of the best 5 mutual funds for salaried individuals-
|Best performing mutual funds in last 5 years |
|Name||AUM Size||1 Year Returns||3 Year Returns||5 Year Returns|
|Mirae Asset Tax Saver Fund||Rs. 4,270 crores||9.16%||8.5%||NA|
|Parag Parikh Long Term Equity Fund||Rs. 4798 Crores||21.43%||13.09%||13.89%|
|Mirae Asset Emerging Bluechip Fund||Rs. 11,466 Crores||9.22%||7.48%||14.71%|
|Edelweiss Equity Savings Fund||Rs. 75 crores||8.06%||7.38%||7.98%|
|ICICI Prudential Asset Allocator Fund (FOF)||Rs. 7964 Crores||5.32%||7.56%||9.92%|
1. Mirae Asset Tax Saver Fund- This is a type of Equity Linked Savings Scheme funds that help investors earn returns over a period of 3 years. This fund also helps investors save up to Rs. 1.5 Lakhs under section 80 C of the Income Tax Act, providing dual benefits to investors.
Mirae Asset Tax Saver Fund is among the best performing mutual funds under the ELSS category and this fund invests in companies that have a strong competitive advantage as well as good cash flows within their sectors. The investments are made majorly in large-cap stocks, followed by medium and small-cap stocks respectively and this diversification of portfolio can help investors maximize their returns.
2. Parag Parikh Long Term Equity Fund- This is a type of multi-cap mutual fund that invests in companies across various market caps and across different sectors. This fund is ideal for investors investing over a long period of time.
Parag Parikh Long Term Equity Fund is easily one of the Best performing mutual funds in last 5 years and it invests in Indian as well as international stocks, which help maximize returns. But the only downside of this portfolio is its high level of risk involved.
3. Mirae Asset Emerging Bluechip Fund- This is a type of mutual fund that invests in Blue Chip stocks (Top 200 Large and Medium-Cap stocks) which guarantee a mix of stable returns off of large-cap stocks and moderately high returns off of medium cap stocks. This fund is ideal for investors looking to invest in long-term funds and is one of the best mutual fund for 5 years.
4. Edelweiss Equity Savings Fund- This is a type of hybrid mutual fund that invests proportionately into stocks, FD like instruments, and risk-averse investment instruments. These funds offer slightly higher returns than fixed deposits, as a portion of these funds are invested in stocks. Being one of the best mutual funds to invest in for risk-averse investors, Edelweiss Equity Savings Fund is a popular option. The risk exposure is significantly lesser than other mutual fund choices as well.
ICICI Prudential Asset Allocator Fund (FOF)- This is a type of balanced hybrid mutual fund that invests money proportionately in stocks and Fixed Deposit instruments. However, the risk exposure can be relatively higher than Equity Savings Hybrid Mutual Funds. ICICI Prudential Asset Allocator Fund (FOF) is one of the best performing mutual funds in last 5 years and the fund allocates a majority of the money in Large-cap stocks, followed by medium and small-cap funds. The other portion of funds, apart from equity are invested primarily in debt securities.