Top 5 Mutual Funds to Invest for SIP in 2020

January 26, 2020January 26, 2020 admin 4 Comments

What is Mutual Fund?

Mutual Fund is a type of company where Fund Manager invests money of investors into securities like stocks, bonds, gold and debt. Here, investors gain interest as compounded. The best way to invest money in Mutual Funds is through SIP (Systematic Investment Plan). It allows you to invest a fixed investment that will deducted through your DMAT account monthly. The average interest that investors normally gain varies from 12-15%. To calculate long term investment and returns, you can analyze by using Mutual funds calculator.

The following are the top 5 mutual funds to invest for SIP in 2020 listed below have been performing well since inception.

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1. Mirae Asset Emerging Bluechip Fund – Direct Plan (Growth)

Mirae Asset Emerging Bluechip Fund is managed by Swarup Anand Mohanty. He along with his team created a good wealth for investors since inception. It is a combination of large and mid cap funds mainly with AUM of ₹ 9516.48 Cr. It’s average annualized return of 1 year is 24.02% and 15.99% in 5 years. It’s absolute return of 1 year is 12.61% and 49.60% in 5 years.

2. Axis Bluechip Fund – Direct Plan (Growth)

Axis Bluechip Fund is the best mutual fund in large cap funds. It is a large cap AUM (10211.89 Cr) which is managed by Mr. Chandresh Kumar Nigam. It’s average annualized return of 1 year is 21.06% and 15.92% in 5 years. It’s absolute return of 1 year is 11.1% and 48.92% in 5 years.

3. BNP Paribas Multi Cap Fund – Growth

BNP Paribas Multi Cap Fund is managed by Mr. Sharad Sharma who is widely regarded as a visionary veteran in the Indian Banking and Financial Services Industry with over three decades of experience. Fund has 97.97% investment in Indian stocks of which 60.33% is in large cap stocks, 5.81% is in mid cap stocks, 18.08% in small cap stocks. It’s average annualized return of 1 year is 25% and 10.54% in 5 years. It’s absolute return of 1 year is 13.11%, 30.37% in 5 years and 102% in 10 years.

4. Axis Midcap Fund – Growth

Axis Midcap Fund is managed by Mr. Chandresh Kumar Nigam with AUM of ₹ 4140.72 Cr. Fund has 83.76% investment in Indian stocks of which 13.81% is in large cap stocks, 60.95% is in mid cap stocks, 3.26% in small cap stocks. It’s average annualized return of 1 year is 25.38% and 13.8% in 5 years. It’s absolute return of 1 year is 13.3% and 41.34% in 5 years.

5. SBI Small Cap Fund – Growth

SBI Small Cap Fund has created a good wealth in last 10 years. It is the best among all funds in creating wealth. Ashwani Bhatia as a CEO has been managing currently with AUM of ₹ 3156.01 Cr. Fund has 92.75% investment in indian stocks of which 2.34% is in large cap stocks, 13.03% is in mid cap stocks, 68.35% in small cap stocks. It is suitable for 3-4 years of investment. It’s average annualized return of 1 year is 24.1%, 13.45% in 5 years and 20.09% in 10 years. It’s absolute return of 1 year is 12.65%, 40.15% in 5 years and 201.53% in 10 years.

We hope, this data may help you to decide a better and suitable portfolio of mutual funds to invest which can easily make you rich if you have patience for 15-25 years.