Despite being highly misunderstood, mutual funds is one of the most loved asset classes for wealth creation.
If invested wisely, the returns are pretty high. But there should be no ambiguity in the investor’s mind regarding the aim, prior to investing. With the scheme goals matching investor’s aims, mutual funds - especially equity-linked funds can be one of the best investment decisions. It is one of the few asset classes that could beat inflation.
About 28 years after privatising this sector, the demand for this asset class has picked up. As per Association of Mutual Funds of India reports, the Asset Under Management (AUM) of the Indian mutual fund industry has grown from 5.45 trillion as on August 31, 2008 to 25.20 trillion as on August 31, 2018, more than four fold increase in a span of 10 years. The total number of folios as on August 31, 2018 stood at 7.66 crore, while the number of folios under equity, ELSS and balanced schemes, wherein the maximum investment is from retail segment, stood at 6.41 crore.
Considering the high demand and interest of investors in mutual funds as an asset class, we bring to you the best mutual fund schemes to invest in. The selection process was rigorous and done by the appointed Jury. Please note that the selection is restricted to the equity section with one exception and we have selected best five in each category without ranking them. Since the Jury meeting was conducted on August 28, 2018, we have marked it as a cut-off date to map returns. (Appointed Jury: Nilesh Shah, CEO, Kotak Mutual Fund; Deena Mehta, MD Asit C Mehta Investments; Saurabh Mukherjea,
Founder, Marcellus Investments; Swarup Mohanty, CEO Mirae
Asset Management)
Large Cap SchemesAditya Birla Sun life Frontline Equity Fund
This story is from the October 2018 edition of Outlook Money.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the October 2018 edition of Outlook Money.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Sign In
The Future Of Credit Card Usage
Credit card usage is increasing in India, but it's prudent to manage credit wisely
Liquidity Coverage Ratio Framework
At the recent monetary policy committee meeting in April 2024, Reserve Bank of India (RBI) Governor Shaktikanta Das proposed changes in the liquidity coverage ratio (LCR) framework to successfully meet liquidity risk.
STRATEGIES TO HELP YOU STAY ABROAD AFTER STUDIES
More Indians are now going abroad for higher studies with plans to stay and work. But living costs, the lack of job opportunities and the burden of education loans could often pose a problem. Assess the opportunities and be practical before making such a decision
FROM SAVINGS TO SECURITY: HOW INDIANS ARE PREPARING FOR THEIR SUNSET YEARS
The Outlook Money - Toluna Retirement Survey conducted in December-end 2023 threw light on how Indians plan and save for retirement. A growing number of Indians now understand the necessity of retirement planning, and want to enjoy their retirement years with kith and kin
Here's How To Install A Solar Panel
It is the season of solar panel subsidy announcements. Right after the Centre launched the PM Surya Ghar Muft Bijli Yojana to offer subsidies to 10 million households to set up rooftop solar systems, the Delhi government has announced an extra capital subsidy of ₹2,000 per kilowatt (kW) to Delhi residents for rooftop solar panel installation. Both governments have caps on subsidies. Some other states, too, offer incentives on the use of solar rooftop panels.
Master Your Own Money Choices
Instead of judging others, have clarity about what you want from your money, where you want to spend it and how you want to feel about it
3 THINGS TO CHECK BEFORE YOU EXIT YOUR POLICY
If you think that the insurance policy you bought doesn't quite align with your goals, you may surrender it. But that comes at a cost. Here's why you should do the calculations
Small And Mid Cap Rally: Be Wary
You may include small- and mid-caps in your portfolio for diversification, but understand that they may not replicate last year's returns and are relatively more volatile
HOW TO MAKE SENSE OF THE GOLD RUSH?
The precious metal has been on an upward rally for the last couple of years due to factors as diverse as geopolitical conflicts, bulk buying by central banks, and hope of rate cuts, of late. The key, therefore, is to invest in gold in a staggered manner
'People Are Normal. They Are Sometimes Ignorant But They Are Not Stupid'
Meir Statman, the Glenn Klimek Professor of Finance, Leavey School of Business, Santa Clara University, California, is the second generation of behavioural finance experts who refused to label people as \"irrational\" and instead called them \"normal\". In his latest book, A Wealth of Well-Being: A Holistic Approach to Behavioral Finance, he expands the circle of finance to include life well-being and shows how they are inextricably intertwined. As part of an interview series, 'Wealth Wizards: Money Maestros in conversation with Nidhi Sinha, Editor, Outlook Money', Statman spoke about his research, and explained concepts through anecdotes that can help you take balanced decisions. Edited excerpts: