What is best mutual fund to invest in 2023?
Among 2023′s best-performing funds: Baron Fifth Avenue Growth BFTIX, up 57.9%, and Fidelity Blue Chip Growth ETF FBCG, up 57.2%. Gains in both funds were fueled by the massive rally in Nvidia NVDA, which surged 230% this year.
Top large cap mutual funds | Annual Returns 2023 |
---|---|
Bank of India Bluechip Fund | 27.05% |
HDFC Top 100 Fund | 26.61% |
JM Large Cap Fund | 26.16% |
Invesco India Large Cap Fund | 24.45% |
2023 Rank | 2022 Rank | Fund Family |
---|---|---|
1 | 9 | Putnam Investment Management |
2 | 30 | Fidelity Investments |
3 | 46 | PGIM Investments |
4 | 43 | Virtus Investment Partners |
- High-yield savings account (HYSA) ...
- 401(k) ...
- Short-term certificates of deposit (CD) ...
- Money market accounts (MMA) ...
- Mutual funds. ...
- Index funds. ...
- Exchange-traded funds (ETFs) ...
- Stocks.
Mutual Fund | Assets | Minimum Investment |
---|---|---|
Vanguard 500 Index Fund Admiral Shares (VFIAX) | $457 billion | $3,000 |
American Funds Growth Fund of America (AGTHX) | $252 billion | $250 |
Fidelity Select Technology Portfolio (FSPTX) | $13 billion | None |
JPMorgan Equity Premium Income Fund (JEPAX) | $6 billion | $1,000 |
- Tata Midcap Growth Fund. ...
- Invesco India Mid Cap Fund. ...
- Kotak Emerging Equity Fund. ...
- HSBC Midcap Fund. EQUITY Mid Cap. ...
- UTI Mid Cap Fund. EQUITY Mid Cap. ...
- Axis Midcap Fund. EQUITY Mid Cap. ...
- DSP Midcap Fund. EQUITY Mid Cap. ...
- Mirae Asset Midcap Fund. EQUITY Mid Cap.
Scheme Name | Plan | 5Y |
---|---|---|
SBI Contra Fund - Direct Plan - Growth | Direct Plan | 27.93% |
Motilal Oswal ELSS Tax Saver Fund - Direct Plan - Growth | Direct Plan | 22.35% |
SBI Long Term Equity Fund - Direct Plan - Growth | Direct Plan | 23.23% |
- #1. BNY Mellon Corporate Bond Fund BYMMX.
- #2. Miller Intermediate Bond Fund MIFIX.
- #3. Calvert Income Fund CFICX.
Among 2023′s best-performing funds: Baron Fifth Avenue Growth BFTIX, up 57.9%, and Fidelity Blue Chip Growth ETF FBCG, up 57.2%. Gains in both funds were fueled by the massive rally in Nvidia NVDA, which surged 230% this year.
- 1) Investment Objective. ...
- 2) Time Horizon. ...
- 3) Risk tolerance. ...
- 1) Performance Against Benchmark. ...
- 2) Performance Against Category. ...
- 3) Consistency of Performance. ...
- 4) Fund Manager's Experience. ...
- 5) AMC Track Record.
What is the safest investment right now?
- U.S. Treasury Bills, Notes and Bonds. Risk level: Very low. ...
- Series I Savings Bonds. Risk level: Very low. ...
- Treasury Inflation-Protected Securities (TIPS) Risk level: Very low. ...
- Fixed Annuities. ...
- High-Yield Savings Accounts. ...
- Certificates of Deposit (CDs) ...
- Money Market Mutual Funds. ...
- Investment-Grade Corporate Bonds.
- Private credit.
- Individual stocks.
- Real estate.
- Fine art.
- Debt.
- A business.
- Private startups.
- Cryptocurrencies.
The safest place to put your retirement funds is in low-risk investments and savings options with guaranteed growth. Low-risk investments and savings options include fixed annuities, savings accounts, CDs, treasury securities, and money market accounts. Of these, fixed annuities usually provide the best interest rates.
Money market mutual funds = lowest returns, lowest risk
They are considered one of the safest investments you can make. Money market funds are used by investors who want to protect their retirement savings but still earn some interest — often between 1% and 3% a year.
Fund | Expense Ratio |
---|---|
American Funds Tax-Aware Conservative Growth and Income Portfolio (TAIFX) | 0.68% |
Schwab Balanced Fund (SWOBX) | 0.49% |
Vanguard Wellington Fund (VWELX) | 0.25% |
Dodge and Cox Income Fund (DODIX) | 0.41% |
There is no particular right time to invest in SIP. However, it is always advisable to start as early as possible. Mutual funds generate better returns in the long run. The longer you stay invested the more returns you can earn through capital appreciation and dividends.
Fund | AUM (In Crs) | 5 Yr Return (%) |
---|---|---|
HDFC Balanced Advantage Fund Direct Plan Growth Option | ₹77011 Cr | 20.25 % |
Edelweiss Aggressive Hybrid Direct Plan Growth Option | ₹1266 Cr | 19.09 % |
UTI Aggressive Hybrid Fund-Growth - Direct | ₹5292 Cr | 16.84 % |
The rating ranges from one to five stars of which one star denotes the lowest performer whereas the five-star rating is for the best performer. There are various entities which are actively working on this job such as CRISIL, Morningstar, Value Research, ICRA, etc.
Name of the mutual fund | Five-year returns (in %) |
---|---|
Quant Multi Asset Fund | 32.34 |
ICICI Prudential Multi Asset Fund | 24.03 |
UTI Multi Asset Allocation Fund | 18.59 |
HDFC Multi Asset Fund | 17.08 |
The top-performing flexi cap mutual funds include Quant Flexi Cap, JM Flexicap and Parag Parikh Flexi Cap Fund, which have given more than 20% annualised returns in the past five years.
Which mutual fund gives highest return per month?
Scheme Name | Plan | MTD |
---|---|---|
Sponsored AdvInvest Now UTI Large Cap Fund - Growth | Regular | 1.80% |
Kotak Bluechip Fund - Direct Plan - Growth | Direct Plan | 2.91% |
Mahindra Manulife Large Cap Fund - Direct Plan - Growth | Direct Plan | 2.81% |
HDFC Top 100 Fund - Direct Plan - Growth | Direct Plan | 2.37% |
- Quant Mid Cap Fund. 12.49%
- Quant Small Cap Fund. 11.38%
- Quant Large & Mid Cap Fund. 10.19%
- Quant Large Cap Fund. 9.95%
- ITI Mid Cap Fund. 9.49%
- Kotak Multicap Fund. 9.45%
- Quant Focused Fund. 9.34%
- SBI Long Term Equity Fund. 9.31%
Over-Diversification of Mutual Funds
The aim of diversification is to spread risk. If you invest too much in one company's stock, you are at great risk. If something happens to that company, a significant portion of your money could get wiped away.
Citadel, which ranked second in 2023, made $8.1 billion in profits after bringing in a record-breaking $16 billion in 2022. Its $74 billion in gains since inception rank it as the most successful hedge fund in history.
S.No. | Mutual Fund House |
---|---|
1. | SBI Mutual Fund |
2. | ICICI Prudential Mutual Fund |
3. | HDFC Mutual Fund |
4. | Aditya Birla Sun Life Mutual Fund |
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