Top Mutual Funds to Invest in January 2023
EquitySeeds Consultants recommended top mutual funds to invest are a great choice for investors looking for a safe, diversified portfolio – as long as you know what to look for.
With so many options mentioned below for the top mutual funds to invest, it can be difficult to decide which funds are the best for you. To help make your decision easier, here is a short guide to the best mf to invest in January 2023.
1. Choose The Fund Type Wisely:
First, it is important to understand the major categories of mutual funds. There are equity mutual funds, balanced funds, fund of funds, debt funds and more.
- Equity mutual funds are best for long-term investors, as they carry higher risk but also have the potential for higher returns.
- Balanced funds are a mix of stocks and bonds and are best for moderate-risk investors.
- Fund of funds is a fund that invests in multiple mutual funds, providing even more diversification than traditional mutual funds.
- Lastly, debt funds are invested in fixed-income instruments, such as bonds and are best for conservative investors.
2. Research the various options diligently:
Once you understand the different categories of funds, you can begin researching the various funds available. One of the best ways to do this is to look at the ratings given to funds by financial institutions and agencies like Morningstar and Standard & Poor’s. These ratings are based on a number of factors, including the fund’s historical performance, expenses, and holdings. Looking at the ratings of a fund can give you an indication of how well the fund is expected to perform in the future, as well as an indication of the fund’s risk level.
Once you have narrowed down your choices for top mutual funds to invest, you can start looking at a fund’s past performance, its expenses, and its holdings.
- A fund’s past performance will give you an indication of how the fund has done historically, and it can help you determine if the fund is a good fit for your portfolio.
- Additionally, you should look at the fund’s fees and expenses. Many funds will charge you a fee for buying and selling, which can eat away at your returns.
- Lastly, you should look at the fund’s holdings to make sure it fits your investment goals.
3. Conclude and Start Investing:
The best mf to invest in January 2023 will depend on your individual goals and risk tolerance. However, by researching the ratings of funds, analysing the fund’s past performance, fees, and holdings, you can make an informed decision about which mutual funds are best for you. With the right research and an understanding of the different categories of funds, you can make a smart choice and reap the benefits of a well-diversified portfolio.
List of Top Mutual Funds to invest in January 2023:
| LARGE CAP FUNDS: | |||||
|---|---|---|---|---|---|
|
Scheme Name |
AUM |
1 Year Return % |
3 Years Return % |
5 Years Return % |
10 Years Return % |
|
Canara Robeco Bluechip Equity Fund
|
8,666
|
7.86
|
15.59
|
15.12
|
13.92
|
|
ICICI Prudential Bluechip Fund
|
35,049
|
13.35
|
20.43
|
15.99
|
14.16
|
|
Kotak Bluechip Fund
|
5,256
|
8.89
|
17.11
|
14.81
|
13.29
|
|
Axis Bluechip Fund
|
35,198
|
1.68
|
10.57
|
11.64
|
12.87
|
| LARGE CAP & MID CAP FUNDS: | |||||
|---|---|---|---|---|---|
|
Scheme Name |
AUM |
1 Year Return % |
3 Years Return % |
5 Years Return % |
10 Years Return % |
|
Axis Growth Opportunities Fund
|
8,257
|
-3.73
|
15.18
|
- |
- |
|
Canara Robeco Emerging Equities Fund
|
15,500
|
4.99
|
18.32
|
16.01
|
18.03
|
|
Kotak Equity Opportunities Fund
|
11,555
|
11.71
|
19.74
|
16.74
|
15.28
|
|
Tata Large & Mid Cap Fund
|
3,705
|
19.81
|
22.14
|
17.89
|
15.08
|
| FLEXI CAP FUNDS: | |||||
|---|---|---|---|---|---|
|
Scheme Name |
AUM |
1 Year Return % |
3 Years Return % |
5 Years Return % |
10 Years Return % |
|
UTI Flexi Cap Fund
|
24,929
|
-17.34
|
13.14
|
11.24
|
13.61
|
|
Parag Parikh Flexi Cap Fund
|
28,428
|
-6.71
|
20.65
|
15.00
|
- |
|
PGIM India Flexi Cap Fund
|
5,284
|
-10.97
|
20.05
|
12.63
|
- |
|
HDFC Flexi Cap Fund
|
32,155
|
10.91
|
19.28
|
11.40
|
14.41
|
| FOCUSED FUNDS: | |||||
|---|---|---|---|---|---|
|
Scheme Name |
AUM |
1 Year Return % |
3 Years Return % |
5 Years Return % |
10 Years Return % |
|
IIFL Focused Equity Fund
|
3,417
|
9.82
|
19.71
|
18.91
|
- |
|
Sundaram Focused Fund
|
793
|
5.90
|
16.97
|
15.60
|
14.02
|
|
ICICI Prudential Focused Equity Fund
|
3,956
|
13.24
|
22.19
|
17.37
|
13.80
|
|
Franklin Focused Equity Fund
|
8,414
|
15.84
|
24.74
|
18.45
|
16.22
|
| ELSS FUNDS: | |||||
|---|---|---|---|---|---|
|
Scheme Name |
AUM |
1 Year Return % |
3 Years Return % |
5 Years Return % |
10 Years Return % |
|
Canara Robeco Equity Tax Saver Fund
|
4,563
|
7.22
|
18.84
|
17.46
|
15.42
|
|
Quant Tax Plan
|
2,506
|
16.46
|
37.41
|
30.04
|
23.54
|
|
Mirae Asset Tax Saver Fund
|
14,020
|
6.55
|
19.04
|
17.13
|
- |
|
Kotak Tax Saver Fund
|
3,161
|
13.67
|
20.94
|
17.27
|
15.30
|
| VALUE/CONTRA FUNDS: | |||||
|---|---|---|---|---|---|
|
Scheme Name |
AUM |
1 Year Return % |
3 Years Return % |
5 Years Return % |
10 Years Return % |
|
ICICI Prudential Value Discovery Fund
|
27,515
|
17.54
|
27.71
|
20.64
|
16.64
|
|
Kotak India EQ Contra Fund
|
1,452
|
14.80
|
20.70
|
16.57
|
14.73
|
|
SBI Contra Fund
|
7,635
|
19.48
|
33.63
|
24.00
|
16.65
|
| MID CAP FUNDS: | |||||
|---|---|---|---|---|---|
|
Scheme Name |
AUM |
1 Year Return % |
3 Years Return % |
5 Years Return % |
10 Years Return % |
|
Axis Mid Cap Fund
|
19,144
|
0.09
|
16.19
|
16.53
|
16.91
|
|
Edelweiss Mid Cap Fund
|
2,481
|
8.12
|
24.61
|
19.79
|
18.21
|
|
Kotak Emerging Equity Fund
|
23,335
|
9.94
|
24.84
|
20.30
|
18.95
|
|
PGIM India Mid Cap Opportunities Fund
|
7,558
|
4.42
|
29.15
|
25.26
|
- |
| SMALL CAP FUNDS: | |||||
|---|---|---|---|---|---|
|
Scheme Name |
AUM |
1 Year Return % |
3 Years Return % |
5 Years Return % |
10 Years Return % |
|
Canara Robeco Small Cap Fund
|
4,568
|
7.02
|
35.14
|
- |
- |
|
Kotak Small Cap Fund
|
8,498
|
0.49
|
29.08
|
23.86
|
19.59
|
|
Nippon India Small Cap Fund
|
23,701
|
14.37
|
36.23
|
26.26
|
23.43
|
|
Tata Small Cap Fund
|
3,117
|
19.56
|
33.95
|
- |
- |
| MULTI CAP FUNDS: | |||||
|---|---|---|---|---|---|
|
Scheme Name |
AUM |
1 Year Return % |
3 Years Return % |
5 Years Return % |
10 Years Return % |
|
Mahindra Manulife Multi Cap Badhat Yojana
|
1,545
|
6.93
|
22.70
|
19.29
|
- |
|
Nippon India Multi Cap Fund
|
14,160
|
17.65
|
28.92
|
19.26
|
14.81
|
|
Quant Active Fund
|
3,544
|
17.49
|
34.40
|
28.05
|
22.18
|
| DIVIDEND YIELD FUNDS: | |||||
|---|---|---|---|---|---|
|
Scheme Name |
AUM |
1 Year Return % |
3 Years Return % |
5 Years Return % |
10 Years Return % |
|
Templeton India Equity Income Fund
|
1,327
|
6.65
|
24.61
|
18.89
|
15.12
|
|
UTI Dividend Yield Fund
|
2,811
|
1.06
|
15.40
|
13.30
|
12.12
|
| BALANCED ADVANTAGE FUNDS: | |||||
|---|---|---|---|---|---|
|
Scheme Name |
AUM |
1 Year Return % |
3 Years Return % |
5 Years Return % |
10 Years Return % |
|
HDFC Balanced Advantage Fund
|
51,027
|
20.55
|
23.89
|
17.11
|
14.40
|
|
ICICI Prudential Balanced Advantage Fund
|
44,634
|
10.09
|
13.52
|
11.88
|
11.36
|
|
Tata Balanced Advantage Fund
|
6,366
|
8.23
|
12.28
|
- |
- |
| MULTI-ASSET FUNDS: | |||||
|---|---|---|---|---|---|
|
Scheme Name |
AUM |
1 Year Return % |
3 Years Return % |
5 Years Return % |
10 Years Return % |
|
HDFC Multi-Asset Fund
|
1,636
|
9.28
|
14.25
|
12.78
|
10.60
|
|
ICICI Prudential Asset Allocator FoF
|
18,160
|
10.22
|
14.02
|
12.62
|
11.85
|
| AGGRESSIVE HYBRID FUNDS: | |||||
|---|---|---|---|---|---|
|
Scheme Name |
AUM |
1 Year Return % |
3 Years Return % |
5 Years Return % |
10 Years Return % |
|
Axis Equity Hybrid Fund
|
1,829
|
1.16
|
10.59
|
- |
- |
|
ICICI Prudential Equity & Debt Fund
|
21,282
|
12.90
|
24.89
|
19.03
|
15.83
|
|
Kotak Equity Hybrid Fund
|
3,209
|
8.90
|
17.89
|
15.37
|
- |
|
Quant Absolute Fund
|
950 |
17.19
|
30.76
|
25.23
|
19.07
|
| CONSERVATIVE HYBRID FUNDS: | |||||
|---|---|---|---|---|---|
|
Scheme Name |
AUM |
1 Year Return % |
3 Years Return % |
5 Years Return % |
10 Years Return % |
|
HDFC Hybrid Debt Fund
|
2,751
|
8.55
|
10.39
|
9.36
|
8.84
|
|
Kotak Debt Hybrid Fund
|
1,637
|
6.71
|
9.73
|
9.89
|
9.38
|
|
SBI Conservative Hybrid Fund
|
6,998
|
7.20
|
10.34
|
9.78
|
8.98
|
|
UTI Regular Savings Fund
|
1,575
|
6.09
|
9.58
|
8.06
|
8.12
|
| EQUITY SAVINGS FUND: | |||||
|---|---|---|---|---|---|
|
Scheme Name |
AUM |
1 Year Return % |
3 Years Return % |
5 Years Return % |
10 Years Return % |
|
Axis Equity Saver Fund
|
1,047
|
3.96
|
7.98
|
7.92
|
- |
|
HDFC Equity Savings Fund
|
2,615
|
8.12
|
11.73
|
9.83
|
9.32
|
|
Kotak Equity Savings Fund
|
2,083
|
8.41
|
10.19
|
9.27
|
- |
|
SBI Equity Savings Fund
|
2,305
|
3.74
|
8.90
|
8.54
|
- |
**Note- Past performance may or may not be sustained in future. Please read the scheme related documents or consult your financial expert before investing.
