With the growing awareness about financial security and investments, a number of people have started to turn towards mutual funds. Over the last few years, investments in mutual funds by middle and upper middle-class people have picked up and it is going on increasing with every month. At times, people consider mutual-funds as a safe investment because a lot more people are investing and making money from their investments.
Though mutual funds are highly rewarding, at times, they might turn into a disaster. One of the main reasons behind this is lack of research that investors put in before investing their money. To build your mutual fund portfolio, there is a need to put extensive research. The research about a mutual fund includes the track record and performance of it in the previous years along with strong predictions for the coming years. Along with that, the investor also needs to choose the scripts which are according to risk profile and investment capacity. A proper research about the composition of your mutual fund portfolio and then tracking every single move related to the shortlisted scripts ensure a good return on the investments you make.
The financial team at The Indian Wire has decided to suggest the best mutual funds shortlisted on the basis of risk profiles. Starting September 2017, we will be posting a list of the best mutual fund scripts every month in order to give better choices to our readers. If you have any issues or queries related to the suggestions, feel free to ask us in the comments section.
We have classified the scripts with 3 risk levels. Low risk, moderate risk and high risk. You can also invest in these mutual funds depending upon your investment capacity. The slots which we kept in mind while making this list included investments of INR 2000 – INR 5000, INR 5000 – INR 10000 and above INR 10,000.
Low-Risk Category :
SIP (Investment Amount) INR 2000 – INR 5000
Script Name and Proportion
- SBI Bluechip (50%)
- HDFC Balanced Fund (50%)
SIP (Investment Amount) INR 5000 – INR 10,000
Script Name and Proportion
- SBI Bluechip (30%)
- Aditya Birla Sun Life top 100 (20%)
- HDFC Balanced Fund (50%)
SIP (Investment Amount) : Above INR 10,000
Script Name and Proportion
- SBI Bluechip (25%)
- Aditya Birla Sun Life Top 100 (15%)
- ICICI Prudential Value Discovery Fund (10%)
- HDFC Balanced Fund (50%)
Moderate Risk Category :
SIP (Investment Amount) INR 2000 – INR 5000
Script Name and Proportion
- Aditya Birla Sun Life top 100 (50%)
- HDFC Balanced Fund (50%)
SIP (Investment Amount) INR 5000 – INR 10,000
Script Name and Proportion
- Aditya Birla Sun Life top 100 (40%)
- ICICI Prudential Value Discovery Fund (25%)
- HDFC Balanced Fund (35%)
SIP (Investment Amount) : Above INR 10,000
Script Name and Proportion
- SBI Bluechip (30%)
- Aditya Birla Sun Life Top 100 (15%)
- ICICI Prudential Value Discovery Fund (20%)
- HDFC Balanced Fund (35%)
High-Risk Category :
SIP (Investment Amount) INR 2000 – INR 5000
Script Name and Proportion
- ICICI Prudential Value Discovery Fund (50%)
- Aditya Birla Sun Life top 100 (50%)
SIP (Investment Amount) INR 5000 – INR 10,000
Script Name and Proportion
- ICICI Prudential Value Discovery Fund (30%)
- Aditya Birla Sun Life top 100 (20%)
- HDFC Balanced Fund (15%)
- Mirae Asset Emerging Bluechip fund (35%)
SIP (Investment Amount) : Above INR 10,000
Script Name and Proportion
- Aditya Birla Sun Life Top 100 (35%)
- ICICI Prudential Value Discovery Fund (10%)
- Mirae Asset Emerging Bluechip fund (30%)
- HDFC Balanced Fund (10%)
- L&T India Value Fund (15%)
In suggesting the above mutual fund scripts, we have considered only equity based mutual funds and to earn maximum returns, you need to have at least 5 years of investment plans.
Feel free to reach out to us in case you have any queries.