Investing in mutual funds can be risky
Investing in the stock market is not everyone’s cup of tea as it involves a lot of risk. Therefore, mutual funds are quite popular in India as they are a bit easier and less risky option than direct investment in the stock market. People who are investing in the stock market for the first time also turn to mutual funds. In such a situation, what can be those mutual funds that people can trust and which also give better returns?
However, investing in mutual funds is also risky, as there is a risk that returns may be affected due to market fluctuations. Therefore, it is recommended to consult your financial advisor before investing.
How many types of mutual funds are there?
There are mainly three types of mutual funds. One of them is equity funds, which invest all the money in the stock market. Their risk factor is high. Others are debt funds, which mainly invest money in debt or corporate bonds. These are quite safe. Apart from this, there are other hybrid funds or flexible funds, which invest money in both equity and debt instruments.
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There are many more classifications in this, such as index funds that invest money in a particular sector and different types of stock market indices. Many mutual funds put money into gold and silver exchange-traded funds (ETFs), and give people returns on them.
Top 10 Mutual Funds in India
If a list of top 10 Indian funds is compiled which are reliable, offer better returns and from different types of categories, then the below mentioned mutual funds will be included in it. In the ET ratings as well, it remained in the top-10 category for August.
- Canara Robeco Bluechip Equity Fund
- Mirai Asset Large Cap Fund
- Parag Parekh Flexi Cap Fund
- UTI Flexi Cap Fund
- Mid-Cap Axis Fund
- Kotak Emerging Equity Fund
- Axis Small Cap Fund
- OSE Small Cap Fund
- SBI Equity Hybrid Fund
- Mirai Asset Hybrid Equity Fund
