Investing in mutual funds has become increasingly popular among Indians looking to grow their wealth. With so many options available, choosing the right mutual fund that suits your investment goals can be challenging. In this article, we have compiled a list of the top 10 best mutual funds in India for 2023 based on their past performance and current market trends.
1. Mirae Asset Large Cap Fund
This large-cap fund has consistently outperformed its benchmark index and has given excellent returns over the last five years. It invests in high-quality stocks with a focus on growth-oriented companies.
As on 31 May 2023, the fund’s expense ratio is 0.56%, and its last year’s return is 18% with an exit load of 1%.
2. SBI Bluechip Fund
This fund invests in blue-chip companies with a stable earnings growth track record. The fund has delivered consistent returns over the years and is a reliable choice for long-term investors.
As on 31 May 2023, the fund’s expense ratio is 0.89%, and its last year’s return is 24.17% with an exit load of 1%.
3. ICICI Prudential Bluechip Fund
This fund invests in large-cap companies with a strong competitive advantage and a proven track record. It has consistently outperformed its benchmark index and has a track record of delivering high returns.
As on 31 May 2023, the fund’s expense ratio is 1.04%, and its last year’s return is 22.39% with an exit load of 1%.
4. Axis Bluechip Fund
This fund invests in blue-chip companies with stable earnings growth and competitive advantage. It has a proven track record of delivering consistent returns and is a reliable choice for long-term investors.
As on 31 May 2023, the fund’s expense ratio is 0.62%, and its last year’s return is 14.75% with an exit load of 1%.
5. HDFC Mid-Cap Opportunities Fund
This fund invests in mid-cap companies with high growth potential. It has a proven track record of delivering high returns and has consistently outperformed its benchmark index.
As on 31 May 2023, the fund’s expense ratio is 0.91%, and its last year’s return is 40.07% with an exit load of 1%.
6. DSP Midcap Fund
This fund invests in high-growth mid-cap companies with a proven track record. It has delivered consistent returns over the years and is a reliable choice for long-term investors.
As on 31 May 2023, the fund’s expense ratio is 0.77%, and its last year’s return is 19.82% with an exit load of 1%.
7. Kotak Emerging Equity Fund
This fund invests in emerging companies with high growth potential. It has a proven track record of delivering high returns and has consistently outperformed its benchmark index.
As on 31 May 2023, the fund’s expense ratio is 0.39%, and its last year’s return is 29.05% with an exit load of 1%.
8. Franklin India Smaller Companies Fund
This fund invests in small-cap companies with high growth potential. It has a proven track record of delivering high returns and has consistently outperformed its benchmark index.
As on 31 May 2023, the fund’s expense ratio is 0.83%, and its last year’s return is 40.63% with an exit load of 1%.
9. Nippon India Small Cap Fund
This fund invests in small-cap companies with a focus on growth-oriented companies. It has a proven track record of delivering high returns and has consistently outperformed its benchmark index.
As on 31 May 2023, the fund’s expense ratio is 0.8%, and its last year’s return is 41.16% with an exit load of 1%.
10. Aditya Birla Sun Life Tax Relief 96 Fund
This fund invests in companies focusing on long-term growth potential and provides tax benefits under Section 80C of the Income Tax Act. It has a proven track record of delivering high returns and is a reliable choice for long-term investors.
As on 31 May 2023, the fund’s expense ratio is 0.93%, and its last year’s return is 15.15% with an exit load of 0%.
In conclusion, selecting the right mutual funds in India can be a daunting task. However, by considering past performance and current market trends, investors can make an informed decision on which mutual fund to invest in. We hope our list of the top 10 best mutual funds in India for 2023 will help you make the most of your investments. Remember to consult with a financial advisor before making any investment decisions. Follow us on Instagram (wealth_drift) for valuable and easy-to-implement tips on personal finance.
