Best Mutual Funds Plans For NRIs Looking To Grow Their Money
NRIs can invest in various financial instruments to earn good returns on their investment. However, picking the right investment option can be a challenge. Indian mutual funds offer good returns and are a good option for NRIs looking to invest in India.
Mutual funds are managed by professional fund managers who invest in a diversified portfolio of stocks and bonds. This helps to minimise the risk associated with investing in a single stock.
There are various types of mutual funds available, such as equity mutual funds, debt mutual funds, balanced mutual funds, etc. NRIs can choose a mutual fund based on their investment goals and risk appetite.
In this article, we will discuss the best mutual funds plans for NRIs looking to grow their money.
The best mutual funds plans for NRIs:
There are various investment options available to NRIs, including fixed deposits, bonds, equities, etc. However, mutual funds offer an advantage as they are managed by professional fund managers. Mutual funds are a great way to diversify your portfolio and are an apt choice for NRIs looking to grow their money.
NRIs can opt for a variety of mutual fund types such as equity mutual funds, debt mutual funds, balanced mutual funds, etc. Equity mutual funds are the top mutual funds to invest in India as they offer higher returns than other investment options. Debt mutual funds are a good option for risk averse investors, as they are less volatile and offer regular income. Balanced funds offer a mix of both equity and debt instruments and offer higher returns with moderate risk.
Why should you consider investing in mutual funds?
Investing in mutual funds offers a number of advantages, mentioned below are just a few of them:
- Professional fund management helps to minimise the risk associated with investing in equity.
- Diversification across a variety of stocks and bonds helps to reduce the volatility associated with investing in a single stock.
- Mutual funds also offer tax benefits, allowing NRIs to save on taxes.
- Returns for top mutual funds to invest in India are higher than those offered by bank deposits or other financial instruments.
The different types of mutual fund investment plans available:
There are various types of mutual funds available, such as equity mutual funds, debt mutual funds, balanced mutual funds, etc.
- Equity mutual funds are the top mutual funds to invest in India for investors looking to generate higher returns in the long run.
- Debt mutual funds are a better option for risk averse investors, as they offer regular income in the form of interest and yields.
- Balanced funds are a mix of both equity and debt instruments and offer a good balance of risk and return.
Which mutual fund investment plans are right for you?
The best mutual funds plans for you will depend on your investment objectives and risk appetite.
If you are looking for higher returns, then equity mutual funds may be the best option. However, if you are looking for a steady income, then debt mutual funds may be a better option. If you are looking for a balanced approach, then balanced funds may be the right choice.
How to get started with investing in mutual funds:
Investing in mutual funds is easy and can be done either online or through a broker.
NRIs can opt for either direct plans or regular plans, depending on their investment objectives. Online platform offered by EquitySeeds Consultants powered by AssetPlus offers various mutual fund options, allowing investors to compare and choose the right option for them.
Moreover, EquitySeeds Consultants offer tips and expert recommendations for choosing the top mutual funds to invest in India that best suits your investment needs.
The bottom line:
Mutual funds offer good returns and are a great option for NRIs looking to grow their money. Investing in mutual funds offers higher returns than other investment options and also helps to reduce risk. NRIs can opt for a variety of mutual fund types, depending on their investment objectives and risk appetite. Investing in mutual funds is easy and can be done either online or through a broker. NRIs should choose a mutual fund which suits their investment goals and risk appetite for maximum returns.
Top Mutual funds to invest in India in 2023:
Below is the list of top mutual funds to invest in India based on performance of these mutual funds in 2023:
| TOP LARGE CAP FUNDS | ||||
|---|---|---|---|---|
|
Scheme |
1Y |
3Y |
5Y |
10Y |
|
Axis Bluechip Fund – Growth |
4.01 |
11.55 |
12.24 |
13.22 |
|
Canara Robeco Bluechip Equity Fund – Growth |
0.77 |
15.30 |
14.61 |
13.67 |
|
UTI MasterShare Fund – Growth |
0.77 |
16.76 |
13.95 |
12.88 |
|
Aditya Birla Sun Life Frontline Equity Fund – Growth |
1.30 |
17.35 |
13.25 |
12.63 |
| TOP LARGE AND MID CAP FUNDS | ||||
|---|---|---|---|---|
|
Scheme |
1Y |
3Y |
5Y |
10Y |
|
Canara Robeco Emerging Equities Fund – Growth |
2.63 |
20.81 |
16.61 |
18.69
|
|
ICICI Prudential Large & Mid Cap Fund – Growth |
8.16 |
25.73 |
18.13 |
14.49 |
| TOP FLEXICAP / FOCUSED FUNDS | ||||
|---|---|---|---|---|
|
Scheme |
1Y |
3Y |
5Y |
10Y |
|
UTI Flexi Cap Fund – Growth |
5.57 |
16.67 |
15.52
|
14.62 |
|
Kotak Flexi Cap Fund – Growth |
1.78 |
15.35 |
12.67 |
14.04 |
|
ICICI Prudential Focused Equity Fund – Growth |
3.19 |
21.23 |
16.06 |
13.26 |
| TOP MIDCAP FUNDS | ||||
|---|---|---|---|---|
|
Scheme |
1Y |
3Y |
5Y |
10Y |
|
Axis Midcap Fund – Growth |
3.94 |
21.43 |
19.10
|
18.18 |
|
Kotak Emerging Equity – Growth |
11.06 |
28.26 |
21.17 |
19.60 |
|
Edelweiss Mid Cap Fund – Growth |
10.51 |
28.78 |
20.97 |
19.09 |
| TOP SMALL CAP FUNDS | ||||
|---|---|---|---|---|
|
Scheme |
1Y |
3Y |
5Y |
10Y |
|
Axis Small Cap Fund – Growth |
9.97 |
30.85 |
24.97 |
– |
|
Nippon India Small Cap Fund – Growth |
15.22 |
39.85 |
26.65 |
24.00 |
|
ICICI Prudential Small Cap Fund – Growth |
11.80 |
35.75 |
24.55 |
17.52 |
| TOP VALUE/CONTRA/DIVIDEND YIELD FUNDS | ||||
|---|---|---|---|---|
|
Scheme |
1Y |
3Y |
5Y |
10Y |
|
Invesco India Contra Fund – Growth |
5.12 |
19.41 |
15.31 |
16.12 |
|
ICICI Prudential Value Discovery Fund – Growth |
6.42 |
25.73 |
18.60 |
15.93 |
|
UTI Dividend Yield Fund |
6.12 |
16.14 |
13.21 |
12.10 |
| TOP SECTOR FUNDS | ||||
|---|---|---|---|---|
|
Scheme |
1Y |
3Y |
5Y |
10Y |
|
Invesco India Infrastructure Fund – Growth |
6.39 |
26.33 |
19.48 |
16.30 |
|
SBI Infrastructure Fund – Growth |
11.68 |
25.90 |
18.26 |
14.54 |
|
ICICI Prudential Technology Fund – Growth |
25.05 |
25.15 |
23.85 |
20.09 |
| TOP ELSS FUNDS | ||||
|---|---|---|---|---|
|
Scheme |
1Y |
3Y |
5Y |
10Y |
|
Kotak Tax Saver Fund – Growth |
5.73 |
20.23 |
16.27 |
14.92 |
|
Axis Long Term Equity Fund – Growth |
7.32 |
10.93 |
11.30 |
14.21 |
|
Canara Robeco Equity Tax Saver – Growth |
2.27 |
20.34 |
17.74 |
15.53 |
