Top Mutual Funds to invest this Diwali for the long-term prosperity of your family

Mumbai: JM Financial Group MD Vishal Kampani, UTI Mutual Fund CEO Leo Puri, Securities and Exchange Board of India (SEBI) Chairman Ajay Tyagi, Kotak Mahindra Bank MD and CEO Uday Kotak and Confederation of Indian Industry ( CII) Deputy Director General Marut Sengupta at Financial Markets Summit in Mumbai, on Dec 7, 2018. (Photo: IANS)
Diwali is the time when you have to review your investment portfolio and make some positive moves for betterment. If you are looking for some good mutual fund options to invest during this Diwali, here is a review of some wonderful choices that a lot of seasoned investors are considering right now.

SI. No. Fund Name Total Asset Value (Assets under management) Unit price (Net asset value or per share market value) 1-Year return 3-Year return
1. Kotak India EQ Contra Fund - Growth ₹ 859.47 Cr ₹ 53.266 14.3% 11.31%
2. Mirae Asset Tax Saver Fund – Regular Plan - Growth 2,465.46 Cr ₹ 17.867 15.14% 12.48%
3. Canara Robeco Equity Tax Saver – Regular Plan - Growth ₹ 965.21 Cr ₹ 66.79 18.67% 10.28%


Kotak India EQ Contra Fund – Growth

Kotak India EQ Contra Fund – Growth fund enjoys a 97% investment in Indian stocks out of which about 72.02% is found with large cap stocks and 15.39% is lying with mid cap stocks. This fund reports about 0.01% investment in Debt out of which 0.01% in funds has been invested in very low risk securities.

Kotak India EQ Contra Fund is highly suitable for you if you are a seasoned investor with an advanced knowledge about the macro trends and prepared for selective bets for the sake of getting high returns when compared to other equity funds. Nevertheless, you must be prepared to face the possibility of moderate or higher losses in your investments even if the overall market is seen doing better.

This fund has significantly improved its performance over the years when compared to the other contra fund vehicles of similar nature. If you are an existing investor, you can continue your SIPs or investments. If you are new to this fund, jump in to start a fresh investment now.

Mirae Asset Tax Saver Fund – Regular Plan – Growth

Mirae Asset Tax Saver Fund – Regular Plan – Growth is found to have 99.69% investment in Indian stocks. Out of this, about 62.63% is held in large cap stocks and 18.31% is found with mid cap stocks. The percentage lying with the small caps stocks is 8.2.

Mirae Asset Tax Saver Fund – Regular Plan – Growth will best suit investors who wish to keep their investment growing over a 3 year period. This fund will also meet your concerns regarding tax saving besides higher returns. Over a three year lock in period, you might also expect some losses.

Canara Robeco Equity Tax Saver – Regular Plan – Growth

Canara Robeco Equity Tax Saver – Regular Plan – Growth has 94.98% investment in Indian stocks. Out of this, 65.1% is in found with large cap stocks and 15.61% is lying with mid cap stocks. The remaining 2.96% is with small cap stocks.

When compared to other funds in the ELSS category, this fund has remarkably improved its performance over the recent past. If you are an existing investor, it is worth continuing your SIP or investment in this fund. You can also think of making fresh investments in this mutual fund.

See Also: Top performing mutual funds in India 2019

{{}}
Add Comment()
Comments ()
X
Sort By:
Be the first one to comment.
We have sent you a verification email. This comment will be published once verification is done.