A mutual fund is an investment option that pools money from many investors and invests it in stocks, bonds, and other assets, overseen by a professional fund manager. The fund assigns each investor a certain number of “units” based on their investment, making them partial owners of the portfolio. Mutual funds offer the advantages of professional management and diversification (investing in a variety of assets), which reduces risk, but they do involve investment risk.
Top 5 Mutual funds in india
1- Mitlal Oswal Mid Cap
2- Edelweise Mid Cap Fund
3- Invesco Indi Midcap Fund
4- HDFC Midcap Fund
5- Nippon India Growth Fund
Let us know about them in detail and how they work –
1- Mitlal Oswal Mid Cap
The fund began on February 14, 2014. Investors face a 1% exit fee if they withdraw before 365 days. Costs vary by plan: the Direct Plan has a 0.69% expense ratio, and the Regular Plan has 1.55%. With assets of ₹34,779 Crore, you can invest via SIP starting at ₹500.
2- Edelweise Mid Cap Fund
This fund started on February 14, 2014. If you take out your money within 90 days, you’ll pay a 1% exit load. The cost of managing the fund (expense ratio) is different depending on your plan. For the Direct Plan, it’s 0.38%, and for the Regular Plan, it’s 1.67%. The fund is worth ₹11,000 Crore.
3- Invesco India Midcap Fund
This fund launched on February 14, 2014. An exit load of 1% applies if redeemed within 365 days. Expense ratios vary by plan: 0.56% for Direct Plan and 1.67% for Regular Plan. Investors should consider these conditions along with typical mutual fund considerations like investment horizon and SIP options.4- HDFC Midcap Fund
This fund was launched on January 1, 2013. An exit load of 1% applies if redeemed within 90 days. The expense ratio for the Direct Plan is 0.7-0.8%, and for the Regular Plan, it’s 1.3-1.4%. With a substantial size of ₹83,104.83 Crore, investors can invest via Systematic Investment Plan (SIP) with a minimum of ₹100.
5- Nippon India Growth Fund
Considering the costs associated with managing the fund, the expense ratio differs based on the chosen plan. Notably, for the Direct Plan, the expense ratio is 0.7%, whereas for the Regular Plan, it is 1%.
Furthermore, the fund has a size of ₹38,385 Crore.
Consequently, investors have the option to invest through a Systematic Investment Plan (SIP), with a very accessible minimum SIP amount of ₹100 only.
Key Takeaways- Expense Ratio: Direct Plan (0.7%), Regular Plan (1%)
– Fund Size: ₹38,385 Crore
– Minimum SIP: ₹100
Factors To Consider Before Choosing A Mutual Fund House
- Performance History
- Asset Size
- Expense Ratios
- Exit Load
- Fund Size
- Min SIP Consideration
In conclusion, investing in mutual fund houses can significantly grow your wealth and help you achieve your financial goals. Moreover, with the help of professional fund managers, you can diversify your portfolio and potentially earn higher returns than if you invested in individual stocks.
Buy Nothing – Nothing