While there are many investment platforms online that allow investing in mutual funds within minutes, the question about which mutual fund to invest in persists. To help you decide, we have compiled a reviewed the best mutual funds to invest based on their past performance, that you can consider.
Axis Midcap Fund
Review
The Axis Midcap Fund is rated moderately high risk but has a lower risk compared to the benchmark. The fund has managed huge outperformance relative to the index and the category average as compared to peers. This is due to the fund’s tilt towards large cap and a strong emphasis on quality mid-caps while avoiding small-cap.
| 1 Year | 3 Year | 5 year | |
| Axis Midcap Direct Plan Growth | 15.0% | 13.1% | 13.4% |
| Category Average | 0.6% | 6.3% | NA |
Note: As on October 16, 2019; Category – Equity: Mid-cap
Kotak Emerging Equity Fund
Review
One of the main highlights of the fund is that it has outperformed its benchmark and peers over the multi-trailing time period. The most attractive feature of the fund is that the returns have been consistent. The fund comes with a lower risk compared to the benchmark and has a lower expense ratio also.
| 1 Year | 3 Year | 5 year | |
| Kotak Emerging Equity Scheme Direct Growth | 6.3% | 6.5% | 14.0% |
| Category Average | 0.6% | 6.3% | NA |
Note: As on October 16, 2019; Category – Equity: Mid-cap
HDFC Small Cap Fund
Among HDFC mutual funds, this small cap fund is a popular choice. The fund has been able to maintain the risk levels despite volatile environments and has been able to regain its losses and started giving good returns in the past 5 years.
| 1 Year | 3 Year | 5 year | |
| HDFC Small Cap Fund Direct Growth | -8.2% | 8.2% | 12.5% |
| Category Average | -12.9% | 1% | NA |
Note: As on October 16, 2019; Category – Equity: Small-cap
L&T Emerging Businesses Fund
The fund has remained one of the best performers in the small-cap space during the run of 2017. However, due to significant correction in the small-cap space, the fund has seen a steep fall in its NAV. However, this does not make the fund an underperformance. In addition, the fund holds some of the excellent small-cap names to its kitty that should help the fund outperform over the long-term.
| 1 Year | 3 Year | 5 year | |
| L&T Emerging Businesses Fund Direct Growth | -10.2% | 6.6% | 13.2% |
| Category Average | -12.9% | 1% | NA |
Note: As on October 16, 2019; Category – Equity: Small-cap
SBI Magnum MultiCap Fund
Review
Among multi-cap schemes, the SBI Magnum Multicap fund has distinguished itself by its consistent performance across market cycle. The fund invests around 50-90% in large-cap stocks with 10-40% in mid-cap stocks and up to 10% in small-cap stocks. The diversification ratio has worked well for the fund for all these years. The fund’s risk is lower compared to the benchmark, and also it has a lower expense ratio.
| 1 Year | 3 Year | 5 year | |
| SBI Magnum MultiCap Fund Direct Growth | 12.7% | 10.4% | 13.9% |
| Category Average | -2.1% | 5.9% | 5.1% |
Note: As on October 16, 2019; Category – Equity: Multi-cap
ICICI Prudential Multicap Fund
Review
The multi-cap fund has outperformed its benchmark and peers over the past several years. Off late the fund as increased its exposure to the large-cap space while reducing a similar number in its previous favorite mid-cap segment. The fund’s lower expense ratio and its healthy risk return profile compared to peers, makes it a good bet in the space.
| 1 Year | 3 Year | 5 year | |
| ICICI Prudential Multicap Fund Direct Plan Growth | 3.3% | 7.2% | 10.7% |
| Category Average | -2.1% | 5.9% | 5.1% |
Note: As on October 16, 2019; Category – Equity: Multi -cap
Axis Bluechip Fund
Review
The fund invests over 85% of its corpus in the bluechip companies of which top 5 accounts for more than 50% holding. This has resulted in the fund having higher exposure to financials sector whereby the fund has invested in the stable private banks that has healthy asset quality. Given their better asset quality and retail focus, the fund has been able to generate substantial alpha. Lastly, the fund’s risk is lower compared to the benchmark, and also it has a lower expense ratio.
| 1 Year | 3 Year | 5 year | |
| Axis Bluechip Fund Direct Plan Growth | 22.7% | 17.0% | 13.6% |
| Category Average | 0.2% | 8.6% | 11.1% |
Note: As on October 16, 2019; Category – Equity: Large-cap
ICICI Prudential Bluechip Fund
Review
The fund has generated better returns than the benchmark during 1Y, and 3Y periods. Besides consistency in its performance, the fund has been able to protect the downside in bear cycles over the past decade. This is primarily due to the focus on quality companies.
| 1 Year | 3 Year | 5 year | |
| ICICI Prudential Bluechip Fund Direct Growth | 8.6% | 10.7% | 10.8% |
| Category Average | 0.2% | 8.6% | 11.1% |
Note: As on October 16, 2019; Category – Equity: Large -cap
To conclude, we can say an investor should conduct proper due diligence while selecting the best mutual funds. The above list of funds is the best mutual funds to invest in India and is based on parameters such as consistency of returns, risk-adjusted returns, expense ratio, fund manager’s experience and qualification, and the assets under management.
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