Even though in times of sluggish economy and when the markets are volatile it has been challenging to select the best mutual fund schemes. Here are some of the mutual funds that investors can consider when there is uncertainty in future outlook for equity market and have performed consistently over years.
1. Franklin India Bluechip
This company is one of the oldest mutual fund schemes and attracts many young investors. It is a top performers and delivers decent gains. It features conservative investment approach and a large cap portfolio orientation.
2. ICICI Prudential
ICICI Prudential Dynamic is flexible when the markets are volatile. The scheme moves its assets between cash and equity depending on the markets. When the market is extremely volatile they take cash calls of around 35% of the portfolio.
3. HDFC Top 200
HDFC Top 200 is one of the largest equity scheme and has performed consistently irrespective of the conditions of the market. It did face criticism in 2007 but it dint falter and overcame all the allegation and today this scheme is an all rounder.
Fund Size(Rs Crores): 9,425
Return (%):
1 Year: 21.9
3 Year: 9.9
5 Year: 23.0
Sharpe Ratio: 0.70
Expense Ratio: 1.81
4. DSP BlackRock Top 100 Equity
This scheme is 100 percent large cap portfolio. Defensive approach and buy and hold strategy characterize this mutual fund.
Fund Size(Rs Crores): 2,811
Return (%):
1 Year: 13.7
3 Year: 4.5
5 Year: 22.3
Sharpe Ratio: 0.69
Expense Ratio: 1.87
5. Birla Sun Life Frontline Equity A Gr
Fund Size(Rs Crores): 2,719
Return (%):
1 Year: 16.2
3 Year: 5.2
5 Year: 22.7
Sharpe Ratio: 0.68
Expense Ratio: 1.99
6. HDFC Growth Gr
Fund Size(Rs Crores): 1,361
Return (%):
1 Year: 23.5
3 Year: 5.0
5 Year: 22.3
Sharpe Ratio: 0.67
Expense Ratio: 1.99
7. UTI Dividend Yield Gr
UTI Dividend Yield has been given Gold ranking. It protects from the risk when the market is volatile and gives huge gains. It is known for doubling the money of the investor in past 5 years without any risk.
Fund Size(Rs Crores): 2,859
Return (%):
1 Year: 23.0
3 Year: 9.4
5 Year: 21.5
Sharpe Ratio: 0.67
Expense Ratio: 1.95
8. Birla Sun Life Dividend Yield Plus
Birla Sun Life has been given the Platinum ranking. It has become a hug success as it has the mandate to invest in companies that give high dividend yields. The companies are expected to have strong balance sheets, earnings visibility and healthy cash flows.
Fund Size(Rs Crores): 684
Return (%):
1 Year: 24.7
3 Year: 12.4
5 Year: 18.3
Sharpe Ratio: 0.56
Expense Ratio: 2.33
Some of the other funds are Fidelity Equity fund growth, Fidelity India growth fund and Franklin India blue chip growth fund.
Best top performing sector mutual funds:
HDFC Mid Cap Opp. Fund
Reliance Banking Fund
Best balanced mutual funds:
HDFC Prudence Fund
HDFC Balanced Fund
DSP BlackRock Balanced Gr
Birla Sun Life 95 Gr
Tata Blaanced Gr
Best tax saving mutual funds/ ELSS (Equity Linked Saving Scheme):
HDFC Taxsaver
ICICI Taxsaver
Franklin India Taxshield Gr
HDFC L/T Advantage Gr
Sundaram Taxsaver Gr
Source http://www.supermoneysave.com/top-8-best-mutual-funds-to-invest-in-2012-in-india/
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