top Mutual Funds in India performing

Top Mutual Funds in India

Mutual Funds represent a pool of investment funds which are managed by professional Mutual Fund Managers. These fund managers maintain a record of the performance and growth of these funds and make the necessary changes to the schemes if and when required. The primary objective of fund managers is to make sure that the funds perform well and the investors get the best returns from their investments.

Mutual Funds are regulated by Asset Management Companies (AMCs) which pool the funds from a group of investors and invests these funds in stocks, bonds, and securities. When you purchase units of a Mutual Fund, these units represent the holdings of your share in certain fund scheme. You then have the option to purchase or redeem a Mutual Fund at the prevailing Net Asset Value (NAV).




Below is a list of the Top Performing Mutual Funds for 2019 in India.

This list has been curated in no particular order and shouldn’t be considered as a ranking list.

  1. Motilal Oswal Long Term Equity Fund

Category: Equity: ELSS

Assets: Rs 1,175 crore (As on Feb 28, 2019)

  1. Aditya Birla Sun Life Tax Relief 96

Category: Equity: ELSS

Assets: Rs 7,561 crore (As on Feb 28, 2019)

Expense: 2.21% (As on Feb 28, 2019)

  1. L&T Tax Advantage

Category: Equity: ELSS

Assets: Rs 3,074 crore (As on Feb 28, 2019)

  1. Invesco India Tax Plan

Category: Equity: ELSS

  1.   Axis Long Term Equity Fund

Category: Equity: ELSS

  1. Mirae Asset Tax Saver

Category: Equity: ELSS

Assets: Rs 1,381 crore (As on Feb 28, 2019)

  1. DSP Tax Saver

Category: Equity: ELSS

Assets: Rs 4,740 crore (As on Feb 28, 2019)

Expense: 1.93% (As on Feb 28, 2019)

  1. Principal Tax Savings Fund

Category: Equity: ELSS

Assets: Rs 371 crore (As on Feb 28, 2019)

Expense: 2.65% (As on Feb 28, 2019)

The investment objective of Principal Tax Savings Fund: The fund seeks to build a high-quality growth-oriented portfolio to provide long term capital appreciation through investment primarily in equities. It’s suitable for high-risk takers. Make your idle money work for you Principal Tax Savings Fund. Strong consistent performance over the last 7 years.

  1. Axis Bluechip Fund

Category: Equity: Large Cap

Assets: Rs 4,221 crore (As on Feb 28, 2019)

Expense: 1.98% (As on Feb 28, 2019)

  1. Canara Robeco Bluechip Equity

Category: Equity: Large Cap

Assets: Rs 161 crore (As on Feb 28, 2019)

Expense: 2.96% (As on Feb 28, 2019)

Canara Robeco Emerging Equities has overtaken Mirae Asset Emerging Bluechip Fund as the second best-performing open-ended growth fund in 5 years period. Fund has 95.86% investment in Indian stocks of which 86.05% is in large-cap stocks, 9.81% is in mid-cap stocks. Mainly suitable for Investors who are looking to invest money for at least 3-4 years and looking for high returns. At the same time, these investors should also be ready for the possibility of moderate losses in their investments.