Unlock Prosperity: Best Mutual Funds for Diwali Investments in India

Unlock Prosperity: Best Mutual Funds for Diwali Investments in India

Festivals provide a perfect backdrop for contemplating wealth and planning investments. This Diwali, secure your family’s financial future with the right mutual funds. We have curated a list of the best mutual funds in India, ensuring your wealth growth and prosperity.

Festivals serve as a reminder to plan investments wisely, especially in mutual funds. This article guides you through the top mutual funds in India to consider for your Diwali investments. Discover your path to financial security and growth with these expertly curated funds.

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1. Nippon India Liquid Fund:

Invest in low-risk debt securities with Nippon India Liquid Fund, offering predictable returns between 4-6%. Ideal for emergency funds or short-term expenses, this fund ensures steady growth.

  • AUM: ₹21,655 crores
  • 1-Year Return: 3.16%
  • 3-Year Returns: 5.30%
  • 5-Year Returns: 5.95%
  • Expense Ratio: 0.32%
  • Fund Manager: Ms Anju Chhajer

2. Axis Liquid Fund:

Axis Liquid Fund offers returns surpassing traditional bank accounts, ranging from 4-6%. Its diverse investments provide a stable financial foundation for your wealth.

  • AUM: ₹24,318 crores
  • 1-Year Return: 3.22%
  • 3-Year Returns: 5.30%
  • 5-Year Returns: 5.95%
  • Expense Ratio: 0.25%
  • Fund Manager: Mr Devang Shah and Mr Aditya Pagaria

3. IDFC Banking & PSU Debt Fund:

Generate wealth for short-term goals like a gadget purchase or Diwali celebration with IDFC Banking & PSU Debt Fund. Its superior returns outshine average bank Fixed Deposits.

  • AUM: ₹19,205 crores
  • 1-Year Return: 4.78%
  • 3-Year Returns: 9.39%
  • 5-Year Returns: 7.97%
  • Expense Ratio: 0.62%
  • Fund Manager: Mr Suyash Choudhary

4. ICICI Prudential Corporate Bond Fund:

Invest in corporate debt securities with ICICI Prudential Corporate Bond Fund, ensuring better returns than typical bank FDs. Perfect for short-term wealth creation.

  • AUM: ₹20,979crores
  • 1-Year Return: 4.89%
  • 3-Year Returns: 8.48%
  • 5-Year Returns: 7.78%
  • Expense Ratio: 0.58%
  • Fund Manager: Mr Rahul Goswami, Mr Anuj Tagra, and  Ms Chandni Gupta

5. Mirae Asset Large Cap Fund:

For long-term goals like retirement or education funding, choose Mirae Asset Large Cap Fund. Invest in stable large-cap companies, balancing potential volatility for substantial returns.

  • AUM: ₹30,456 crores
  • 1-Year Return: 47.76%
  • 3-Year Returns: 14.63%
  • 5-Year Returns: 15.45%
  • Expense Ratio: 1.59%
  • Fund Manager: Mr Gaurav Misra and Mr Gaurav Khandelwal

6. Canara Robeco Emerging Equities Fund:

Secure your future by investing in potential future leaders. Canara Robeco Emerging Equities Fund is ideal for goals 5+ years ahead, ensuring financial stability for significant life events.

  • AUM: ₹11,461 crores
  • 1-Year Return: 57.36%
  • 3-Year Returns: 15.94%
  • 5-Year Returns: 17.69%
  • Expense Ratio: 1.87%
  • Fund Manager: Mr Miyush Gandhi and Mr Shridatta Bhandwaldar

7. Axis Focused 25 Fund:

Invest in a diversified portfolio with Axis Focused 25 Fund, suitable for long-term objectives like property investments. Its broad market cap selection ensures sustained growth.

  • AUM: ₹20,333  crores
  • 1-Year Return: 47.56%
  • 3-Year Returns: 13.46%
  • 5-Year Returns: 16.82%
  • Expense Ratio: 1.83%
  • Fund Manager: Mr Jinesh Gopani

8. PGIM India Midcap Opportunities Fund:

Spot the right opportunities in midcap categories with PGIM India Midcap Opportunities Fund. Invest in companies with transformational potential, paving the way for substantial wealth.

  • AUM: ₹3,060 crores
  • 1-Year Return: 88.60%
  • 3-Year Returns: 25.91%
  • 5-Year Returns: 19.20%
  • Expense Ratio: 2.29%
  • Fund Manager: Mr Aniruddha Naha and Mr Vivek Sharma

9. Franklin India Feeder – Franklin U.S. Opportunities Fund:

Diversify your portfolio internationally with Franklin India Feeder – Franklin U.S. Opportunities Fund. Benefit from its stellar performance and expand your financial horizons.

  • AUM: ₹3,837 crores
  • 1-Year Return: 28.91%
  • 3-Year Returns: 25.21%
  • 5-Year Returns: 23.35%
  • Expense Ratio: 1.62%
  • Fund Manager: Mr Sandeep Manam

10. Mirae Asset Tax Saver Fund:

Initiate early tax planning with Mirae Asset Tax Saver Fund. While it carries a 3-year lock-in, it offers substantial tax savings, making it an ideal choice for Diwali investments.

  • AUM: ₹3,837 crores
  • 1-Year Return: 28.91%
  • 3-Year Returns: 25.21%
  • 5-Year Returns: 23.35%
  • Expense Ratio: 1.62%
  • Fund Manager: Mr Sandeep Manam

Why Choose Mutual Funds This Diwali?

Mutual funds offer a secure and diversified investment avenue, outperforming traditional options like bank FDs and gold. With average long-term returns ranging from 4-12%, they ensure wealth growth and beat inflation.

TypeAverage Long Term Returns
Liquid Funds4-6%
Debt Funds6-8%
Equity Funds10-12%
Bank FDs4-4.5%
Gold4-7%

Also read : The Ultimate Guide to Building Your Dividend Growth Portfolio: Top Dividend Stocks and Strategies for Success in 2023

How to Invest in Mutual Funds This Diwali:

  1. Download the App or Visit AMC Website/Branch: Choose a convenient platform.
  2. Complete KYC Process: Ensure compliance with regulations.
  3. Select Mutual Funds: Explore our curated list for informed decisions.
  4. Transfer Amount: Invest securely through trusted channels.
  5. Start Investing: Begin your wealth-building journey this Diwali.

Invest in your future this Diwali with expert-backed mutual funds, paving the way for financial prosperity. Make your investments count and welcome abundance into your life.

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