EQUITY PAISA

Top 5 Mutual Fund to look out in 2024

Investing in mutual fund are exciting to make money these days . It is subjected to market risk but makes wealth overall in long time . Most of the stock- journalism ( newspaper,online blog ) focuses on particular fund like Multi -Cap ,Small – Cap,thematic fund ,focused fund ,overnight fund etc) but individual corporation name plays an vital role to build trust for long term . Here ,I am assigning you top 5 individual corporation name you just might invest in:

1- Invesco Mutual Fund

It is top on my list because of diverse portfolio alinged in S&P 500 and BSE- NSE top -notch stocks . Rich Wagoner manges Invesco very sharply after regisning General Motors in 2009. I rate invesco very high because of its overall return since inception in india and also display manageable- sustainable ratio.

Top example of Invecso Mutual Fund

A- Invesco Infrastructure Fund
B- Invesco Contra Fund Growth plan
C- Invesco Mid cap and Large cap

2- Quant Mutual Fund

After the front running case,SEBI put an investigation on Quant last month to check out the loophole but doesn’t find any in Sandeep Tandon led Mutual fund . Conversely, it gave maximum return in all Mutual fund category.  The Risk-O- Meter is very high compares to others ,but reward also on the way .

Examples –

A- Quant Active Fund Growth plan
B- Quant Active Fund direct
C- Quant ELSS Tax Saver Fund

3- Canara Robeco Mutual Fund comes third in the list because of sustainability and low TER( Total Expense Ratio) compared to other Mutual fund and low Risk -O- Meter but outperformed all other Mutual funds in category.  Partnering with Robeco ( Dutch AMC) in 1987,it is emerging out as one of the finest Mutual fund in india .

Examples-

A- Canara Robeco Blue chip Equity Fund
B- Canara Robeco small cap fund – Regular
C- Canara Robeco Emerging Equities Regular

4- Parag – Parikh Mutual Fund is oldest in mutual fund industry ,focusing on simple investing process rather than complicated like other funds . It rely on ” Low at the Farm” which states that everything takes it’s own time and hastening the process will be counterproductive.  Delivered outstanding returned throughout the year it has now become less popular due to low ROE and overall return but still valuable for long term Growth

Examples-

A- Parag Parikh ELSS Tax Saver fund Regular
B- Parag Parikh Flexi Cap Fund
C-Parag Parikh Conservative Hybrid Fund

5- Mirae Asset Mutual Fund

South Korean Mutual fund is very popular worldwide and also getting a lot of attention in India due to specteclur return and also a high base of clients worldwide and almost 245bn dollars invested in market.

Examples

A- Mirae Asset large cap fund – Growth
B-Mirae Asset  Mid- Cap- Fund – Direct
3-Mirae Asset Consumer Fund – Growth.

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