10 Top Mutual Funds
With the falling rate of interest in banks more people are looking for investment opportunities that will give them a decent return and yet is not too risky. Of course you have the option of investing in the stock market, but many people do not have the time or the knowledge to study the market and make a safe yet profitable investment. If you are looking for a regulated investment opportunity which is managed by experts then you should consider the 10 Top Mutual Funds.
There is no fixed list for the 10 Top Mutual Funds as each expert will have his own opinion. But there is usually a general consensus and you will find the same names in most lists. The list of 10 Top Mutual Funds will also depend upon the major advantages that people look for in Mutual Funds. Some people are more interested in saving taxes and the ranking is done accordingly with the Mutual Fund Tax Information given for each fund.
You might ask as to why there is a list of 10 Top Mutual Funds and why not just top 3. Well, generally the idea is not to put all your eggs in one basket and so a person will need to invest his money in at least 5 to 6 funds so that his money is safer, as it is diversified among more experts who manage mutual funds and each scheme of mutual fund is also different. It is also simpler to manage and monitor10 or less mutual funds.
The list for 10 Top Mutual Funds can be made according to various aspects in which the funds excel. As previously mentioned some people like to save the maximum on tax and so this list will be different from the one which shows the highest returns in the past 3 years. Generally many people like to invest in mutual funds that have diversified investments in equities. These types of mutual funds have a good chance of earning high returns when the share market is doing well.
Considering mutual funds from various angles the 10 Top Mutual Funds which are highly recommended for your portfolio are * HDFC Equity Fund * DSP ML Opportunities Fund * HDFC Top 200 * Franklin India Flexi Cap * Prudential ICICI Dynamic Fund * Sundaram BNP Paribas Select Midcap * Reliance Vision * Sundaram BNP Paribas Leadership * SBI Magnum Global 94 * SBI Magnum Contra
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