Mutual funds are a popular investment source for investors. For investors with limited knowledge, time or money, mutual funds can provide simplicity and other benefits with valuable returns. An equity fund is a mutual fund that invests principally in stocks. It can be actively or passively managed.
How do equity mutual funds work? In these type of funds, you give money to a fund, which invests it in stocks. Since the amount of money it manages goes up and down every day, the fund deducts a small amount from your money every day such that, on an average, the annual deduction comes to the above percentage.
Here are the top 5 performing equity mutual funds in India that the investors can invest in:
1. Tata Digital India Fund
– Launched on 4th December 2015, Tata Digital India Fund is one of the leading equity mutual funds in the country.
– The manager of this particular fund is Danesh Mistry.
– The net assets are worth Rs 197.46 crore.
– It comprises fund holdings from various companies including Infosys, TCS, Tech Mahindra, among others.
– Since 3 years of its establishment, the fund has shown 50 percent growth and thus, it seems to be a reliable source of investing funds and receiving valuable returns.
– The return received on this type of fund is as follows:
- 1 month – 2.95%
- 1 year – 49.28%
- 3 years – 0.00%
2. ICICI Prudential Technology Fund
– ICICI Prudential Technology Fund is an Equity Mutual Fund Scheme offered by ICICI Prudential.
– Launched on 7th January 2000, ICICI Prudential Mutual Fund is an open fund under the equity-fintech category.
– The manager of this particular fund is Sankaran Naren.
– The net assets of the fund total Rs 390.99 crore.
– It comprises fund holdings from various companies including Infosys, L & T Infotech, Tech Mahindra, HCL Technologies, among others.
– This product is suitable for investors seeking long-term wealth creation and a scheme that predominantly invests in equity and equity-related securities of technology and technology dependent companies.
– The return received on this type of fund is as follows:
- 1 month – 4.25%
- 1 year – 40.73 %
- 3 years – 12.23 %
3. Aditya Birla SL Digital India Fund
– Aditya Birla Sun Life India Opportunities Fund had been merged with Aditya Birla Sun Life New Millennium Fund and the same was renamed as Aditya Birla SL Digital India Fund.
– Founded on 15th December 1999, the fund is quite a reliable source of investment in terms of returns.
– The particular fund is managed by Kunal Sangoi.
– The net assets of the fund are worth Rs 379.93 crore.
– The objective of the fund is a long-term growth of capital through a portfolio with a target allocation of 100% equity, focusing on investing in technology and technology dependent companies, hardware, peripherals and components, software, telecom, media, internet and e-commerce and other technology-enabled companies.
– It comprises fund holdings from various companies including HCL Technologies, Infosys, Tech Mahindra, Sterlite Tech, among others.
– The return received on this type of fund is as follows:
- 1 month – 2.95 %
- 1 year – 38.27 %
- 3 years – 14.35 %
4. SBI Technology Opportunities Fund
– SBI Technology Opportunities Fund is a sectoral equity mutual fund which aims to generate returns by investing in IT stocks.
– Launched on 1st January 2013, the fund is suitable for high-risk appetite investors.
– The manager of this particular fund is Anup Upadhyay.
– The net assets of the fund total Rs 99.39 crore.
– This scheme seeks to provide the investor with the opportunity of long-term capital appreciation by investing in a diversified portfolio of equity and equity related securities in technology and technology related companies.
– It comprises fund holdings from various companies including Infosys, Cyient, TCS, Bharti Airtel, among others.
– The return received on this type of fund is as follows:
- 1 month – 2.88 %
- 1 year – 38.26 %
- 3 years – 11.09 %
5. Motilal Oswal NASDAQ- 100 ETF
– Launched on 16th March 2011, Motilal Oswal Mutual Fund is a type of open fund under the category Exchange Traded Funds (ETFs).
– This particular fund is managed by Swapnil P Mayekar.
– The net assets of the fund are worth Rs 80.84 crore.
– This scheme is suitable for investors who are seeking diversification from the Indian markets.
– It comprises fund holdings from various companies including Apple, Amazon, Microsoft Corp, Facebook, among others.
– The return received on this type of fund is as follows:
- 1 month – 2.63 %
- 1 year – 32.19 %
- 3 years – 19.02 %
So, these are the top 5 performing equity funds in India in which the investors can look upon to invest their funds in. The equity mutual funds are the most popular type of funds in India that are reliable. Though they are a little risky, they provide good percentage of returns and thus the investment becomes worth.