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With the ever-changing world around us, investing in mutual funds has become a popular way for people to build their wealth.
Recently, with the emergence of multiple applications, managing these investments has become easier from anywhere and at any time.
This article covers important features of some of the best mutual fund apps and analyzes top performing mutual funds in India to help investors make informed investment decisions.
Most Popular and Successful Mutual Funds in India
Choosing the one of the best mutual funds in India helps investors optimize their returns and achieve their financial goals. Here are some of the best-performing mutual funds in India along with their fund type and 3-year annualized returns:
|
Fund Category |
Top-Performing Funds |
3-Year Return (Annualized) |
|
Equity |
Aditya Birla Sun Life PSU Equity Fund -Growth |
48.50% |
|
|
SBI PSU Plan-Growth |
45.50% |
|
|
ICICI Prudential Infrastructure- Growth |
43.77% |
|
|
HDFC Infrastructure Plan-Growth |
42.95% |
|
|
Quant Infrastructure Fund-Growth |
42.86% |
|
Debt |
Aditya Birla Sun Life Medium Term Plan-Growth |
12.99% |
|
|
Bank of India Short-Term Income Fund-Growth |
12.19% |
|
|
UTI Credit Risk Fund -Growth |
11.54% |
|
|
UTI Dynamic Bond Fund -Growth |
10.60% |
|
|
Nippon India Strategic Debt Fund-Growth |
9.75% |
|
Hybrid |
Quant Multi Asset Fund-Growth |
30.72% |
|
|
ICICI Prudential Equity & Debt Fund-Growth |
27.58% |
|
|
HDFC Balanced Advantage Fund Plan-Growth |
27.08% |
|
|
JM Aggressive Hybrid Fund -Growth |
26.38% |
|
|
Bank of India Mid & Small Cap Equity & Debt Fund -Growth |
26.37% |
When picking a mutual fund, investors must consider their risk appetite, how long they will be investing, and their financial objectives. It is best to have a talk with a financial expert to make sure the selected fund fits their investment plans.
Leading Mutual Fund Application Features
With mutual fund apps available, managing investment has been made a lot easier. These apps are tailored specifically for investment and come with added perks that broaden the scope of investment
- User-Friendly Interface: Whether a novice or experienced investor, users can leverage the platform as the interface is very easy to understand.
- Varied Options of Funds: The long list of mutual funds available makes it easier for investors to manage their portfolios.
- Performance Tracking: Innovations allow users to check the performance of their funds easily.
- Informational Material: To enable users to make wise investment decisions, they are provided with articles, tutorials and tips.
- Safe Transactions: Advanced security systems protect users' personal and financial information during transactions.
In a mutual fund app, the range of funds offered, ease of use, customer service, and the security offered by the company are some of the factors to consider. A good app increases the potential of an investor to achieve his goals with relative ease.
Conclusion
Choosing the best mutual funds in India to invest in can provide value and returns which will boost future financial stability. Investors can easily manage their portfolios nowadays if they know how to utilize the features of the advanced mutual fund applications. But remember to always perform due diligence and seek guidance from experienced advisors to craft investment strategies suited to one's goals and risk tolerance.
