The top-performing mutual funds are expected to give good returns to the investors in the year 2019. The valuation in many of these has attained worthy levels post the correction in the market in the year 2018. Following are the best mutual funds for SIP plans in which you can invest currently and expect good returns in the long run.
1. Axis Bluechip Fund
This is an equity large-cap fund and is one of the best mutual funds for SIP with an AUM of 6,501 crores as on July 31, 2019. The date of inception of this fund is January 5, 2010, and it stormed the charts to become one of the top-performing large-cap funds. The outperformance of this fund is quite impressive due to the reason that similar funds of this nature had failed in the past years. The performance of this fund was considerably good over a long period. The 5-year CAGR of this fund at 12.04% is favored comparably to 8.62% on the BSE Sensex 50 on the S&P.
The fund is managed by Shreyas Devalkar who has been in the position since November 2016. He is a veteran of the mutual fund industry and holds only 23 stocks but knows how to pick up the best of the lot. Axis Bluechip makes the portfolio of the mutual fund industry in 2019 stronger as being a large-cap fund; it holds up to 80% assets in large companies of the country. The data provided by value research indicates that the fund is able to provide a return of 2.43% in one year, 13.39% in 3 years and 12.04% over a period of 5 years.
2. Kotak Standard Multicap Mutual Funds
This fund lies in the category of Equity Multi-Cap and has an AUM of 24,959 crores as on July 31, 2019. The fund was incepted on September 11, 2009. It is the flagship scheme from Kotak AMC and it has given a steady name to Kotak in the market. The returns delivered by this fund over a period of past 5 years stand at 13.23%. This is far more than the 8.74% return which has been delivered by S&P BSE 200.
This fund is being managed by Harsha Upadhyaya since the year 2012. The fund manager has been able to sway the fund towards being a large-cap which will shield investors from the volatility of the market. Over 78% of the assets of this fund have been placed in large-cap.
Over 21% of the assets are in mid-cap while 1% is in small-cap. This has opened up the growth opportunity for this fund in mid-cap space. This is a diversified fund and has as many as 53 stocks. If you are a cautious investor, this fund would be perfect for meeting your needs. The 1-year return of this fund is -3.84%, 9.69% for 3 years and 13.23% for 5 years.
3. HDFC Small Cap Mutual Funds
This is a small-cap fund with an AUM of 7,849 crores as on July 31, 2019. This fund came into existence on April 3, 2008, and has been performing very well of late. The mid and small-cap category stock had a rough ride in 2018 and a reflection of the same was also felt in this fund too. However, despite this fact, the fund has been able to come up with a 5-year CAGR of 12.36%. The fund has exposure to chemicals, engineering and service sector which has given it wide variation.
The fund has diversified its investments with an investment of 62% of its assets in small-cap companies. 32% of its assets have been invested in mid-cap and only 6% of its assets have been diverted towards large-cap. The cash component of this fund is fairly low currently and this fund is poised to grow in mid and small-cap sectors. The 1-year return of this fund is -17.85%, 8.45% for 3 years and 12.36% for 5 years.
4. Franklin India Pharma Fund
This is a mid-cap equity fund and has an AUM of 6686 crores as on July 31, 2019. The fund came into operation on December 1, 1993, and has completed 25 years of its existence. Over a period, this fund has been able to deliver a CAGR of 17.01%. If a person would have invested Rs 1 Lakh in 1993 in this fund, it would now translate into Rs 59 Lakh which would be a fairly handsome amount currently.
The fund is managed by R Janakiraman who has been at the helm of affairs since long. The 1-year return of this fund is -10.67%, 4.86% for 3 years and 12.14% for 5 years.
Check out these funds and pick the best of the lot after consulting your financial adviser and doing some homework. You will surely make good gains. Happy investing!
