India’s top ten high-yielding mutual funds
1. Axis Bluechip Fund is a mutual fund that invests in the blue-chip stocks (Large-Cap)
Axis Mutual is the company that started it all. Axis Fund has an AUM of INR 29,160.6 crore and invests in blue-chip or large-cap stocks that are financially sound. They are considered high risk and have a minimum SIP of 500 and a minimum lump sum investment of 5000, while being less volatile than mid-cap small-cap equities and having sufficient liquidity. The Axis Fund seeks to achieve long-term capital growth by investing in a wide portfolio of securities. It is appropriate for the investors seeking long-term capital gain. The fund’s 5-year return is 18.50 percent.
2. Canara Robeco Bluechip Equity Fund is a mutual fund managed by Canara Robeco (Large-Cap)
This equity mutual fund scheme, which has been available since 2013, intends to generate capital appreciation by primarily investing in firms with significant market capitalizations. The fund is rated extremely high, with a current Asset Under Management (AUM) of INR 3,691.25 and a minimum SIP (Systematic Investment Plan) of INR 1000. Customers must pay 10% plus an additional tax on returns of 1+ in a financial year, while returns are taxed at 15% if the fund is redeemed before one year. The fund has a 5-year yield of 8%.
3. PGIM India Mid-Cap Opportunities Fund (PGIM India Mid-Cap Opportunities Fund)
The Opportunities fund currently has an AUM of INR 2383.38 crore, with an expense ratio of 0.37 percent and a minimum SIP amount of 1000. While the minimum lump sum value is $5,000, units that exceed 10% of the investment will be charged 0.5 percent in fees if they are redeemed within 90 days. The Opportunities Fund, which is classified as very high risk, is best suited for investors who want to invest for at least 3-4 years and expect significant returns, with a 5-year return of 21.23 percent.
4. Axis Mid-Cap Fund (Axis Mid-Cap Fund)
With a 13,834.27, the companies chosen for this fund’s portfolio are those with strong growth prospects, assisting in the investment goal of rapid wealth accumulation. The Axis Fund is a relatively high-risk investment that is best suited for people wishing to invest for three to four years and achieve substantial returns. However, because this is a high-risk fund, investors can expect some moderate losses in their investment. The fund has a 5-year return of 21.13 percent and is suitable for long-term objectives such as education, retirement, and so on.
5. Nippon India Small-Cap Fund (Nippon India Small-Cap Fund) (Nippon India Small-
Nippon India Small-cap Fund, which focuses on small-cap firms across sectors, is extremely high risk, with a minimum SIP contribution of 100 and a lump sum investment of 5000 with an exit load of 1% if redeemed within a month. The fund, which was launched in 2013, is appropriate for those with a larger risk appetite and a desire for better returns, while investors should expect moderate losses due to the risk aspect. The fund has a 5-year yield of 23.61 percent.
6. Small-Cap Investment Trust
The small-cap fund has an expense ratio of 0.84 percent and a net asset value of 102.68 as of August 16, 2021. The fund has a minimum SIP of 500 since it is extremely high risk. Growth and value investing are both part of the stock picking approach. The fund, which has a 5-year return of 23.31 percent, strives to provide investors with long-term wealth building opportunities.
7. Parag Parikh Flexi-Cap Fund is a fund managed by Parag Parikh.
The cap fund, which is rated extremely high risk, has an AUM of INR 13,186.70 crore but an expense ratio of 0.89 percent. The fund has an exit load of 2% if redeemed within 365 days and 1% if redeemed between 366-730 days, with a minimum lump sum investment of $5,000. The fund is intended for people wishing to invest for 3-4 years and offers a 5-year of 21.51 percent. It aims to generate long-term capital appreciation by investing primarily in equities and equity-related instruments.
8. Fund with an Capacity
The India -cap fund, which aims to create income by investing in an actively managed diversified portfolio, is extremely risky, with a risk rating of 1,688.70. The fund, which was first made available to investors in March 2015, delivers large returns, but investors should be aware of small losses due to the fund’s high risk. The India capitalization fund had a 5-year return of 20.79 percent.
With a 327.45 Plan, the goal is to achieve capital appreciation by investing in growth-oriented equity shares. The fund has a minimum SIP commitment of 500 and a minimum lump sum investment of 500 and is rated extremely high risk. Up to 1.5 percent of the return will be tax-free under Section, however the fund has a three-year lock-in period. Returns in excess of 1.5 percent will be taxed at a rate of 10%. The fund has a 5-year yield of 23.92 percent.
10. Mirae Asset Tax Saver Fund (Mirai Asset Tax Saver Fund) (Mirai Asset Tax Saver Fund
The Asset Tax Saver Fund features a zero exit load and a lower expense ratio than the category average, with a 0.48 percent expense ratio. Because it is an open-ended fund, it has a three-year lock-in period and is willing to invest in a variety of markets. Its adaptable approach results in a broad portfolio of solid, well-established companies with great development potential. The Asset Saver fund, with a 5-year return of 22.45%, is best suited for individuals wishing to put their money in a three-year investment. The fund has two goals: saving and long-term wealth accumulation.