Are you curious about the top mutual funds for investment? We explore the top contenders across ten categories to help you make investment decisions
Mutual funds pool money from various investors, enabling professional fund managers to make strategic investment decisions. The appeal lies in expert management, diversification to manage risk, and the flexibility to align with diverse financial goals.
With options catering to different risk profiles and objectives, mutual funds provide liquidity, allowing investors to buy or sell shares at the net asset value (NAV). This blog will explore the top mutual funds across ten different categories based on their CRISIL rankings.
Let’s check out the top mutual funds for investment, along with the AUM (Assets under Management) and category of each (as of December 31, 2023):
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Fund name | AUM (Rs cr) | Category |
---|---|---|
HDFC Mid-Cap Opportunities Fund | 52,137.70 | Mid-cap fund |
ICICI Prudential Bluechip Fund | 44,425.37 | Large-cap fund |
HDFC Flexi Cap Fund | 42,271 | Flexi cap Fund |
Nippon India Small Cap Fund | 41,018.84 | Small cap fund |
Nippon India Multicap Fund | 22,695.37 | Multi cap fund |
SBI Contra Fund | 18,930.58 | Value/Contra fund |
SBI Long-Term Equity Fund | 17,279.15 | ELSS |
UTI Nifty 50 Index Fund Direct-Growth | 13,626.63 | Fund/ETFs |
HDFC Large and Mid Cap Fund | 13,427.73 | Large and mid-cap fund |
HDFC Focused 30 Fund | 7,762.21 | Focussed fund |
Deeper insight into the top 10 mutual funds
It is time for a closer look at the top mutual funds for investment across categories based on factors like volatility, expense ratios, total returns since inception, and more. Also Read: Top 10 index funds in India by AUM
Note that-
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The fund puts 93.96 percent of its accumulations in local stocks. Of this, 5.16 percent is in Large-cap stocks, 54.07 percent is in mid-cap stocks, and 18.58 percent is in small-cap stocks.
The fund allocates 90.89 percent of its investments to local stocks, with 79.12 percent in large-cap stocks, 5.63 percent in mid-cap stocks, and 0.36 percent in small-cap stocks. Additionally, 0.5 percent of the fund is invested in Debt, with 0.51 percent specifically in Government securities.
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The fund holds 88.57 percent of its investments in local equities, with 62.49 percent in large-cap stocks, 5.99 percent in mid-cap stocks, and 3.98 percent in small-cap stocks.
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This fund allocates 96.26 percent of its investments to domestic equities, with 5.35 percent in large-cap stocks, 8.64 percent in mid-cap stocks, and a significant 56.38 percent in small-cap stocks.
This fund has a portfolio comprising 98.37 percent of investments in domestic equities. Among these, 36 percent is in Large-cap stocks, 21.97 percent is in mid-cap stocks, and 23.75 percent is in small-cap stocks.
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The fund allocates 76.23 percent of its investments to domestic equities, with 34.51 percent in large-cap stocks, 17.62 percent in mid-cap stocks, and 9.51 percent in small-cap stocks. Additionally, the fund has 6.21 percent invested in Debt, with the entire Debt allocation in Government securities.
The fund holds 93.28 percent of its investments in domestic equities, with 54.47 percent in large-cap stocks, 13.88 percent in mid-cap stocks, and 11.8 percent in small-cap stocks.
This fund brings a passive investment strategy in a diversified portfolio of Nifty 50 stocks.
The fund holds a portfolio with 95.81 percent invested in domestic equities; 38.05 percent is in large-cap stocks, 29.47 percent in mid-cap stocks, and 9.06 percent in small-cap stocks.
The fund maintains an 83.14 percent investment in domestic equities, with a breakdown comprising 55.86 percent in large-cap stocks, 7.5 percent in mid-cap stocks, and 4.19 percent in small-cap stocks.