Best Mutual funds to invest in 2023 – Everything under one roof

On the other hand, mutual funds have arisen as an alternative and probably superior investment option in the last two decades, owing to their ability to achieve more significant returns than traditional investments. In addition, mutual funds provide quick access, liquidity (similar to bank deposits), and more clear exits (as opposed to real estate investments) and remove investment management risk from the individual investor.AMCs employ fund managers to oversee investor investments. 

Advantages of Mutual funds

  • Returns:

Mutual fund returns aren’t guaranteed, and they’re susceptible to market risks. On the other hand, equity mutual funds can provide double-digit annual returns over the long term. Debt funds can also offer better returns than bank deposits.

  • Well-controlled:

 As a result, mutual funds must adhere to strict laws and regulations to safeguard investors, mitigate risk, maintain liquidity, and provide a fair valuation.

Disadvantages/Things to Consider:

  • Exit Load is a term that refers to the amount of data.

Mutual funds typically charge an exit load (fee) for redeeming investments within a specific period. For example, when investing directly in stocks, you do not pay an exit load, which may appear to be an extra cost.  However, You did it in the interest of the investors.

  • Expenses are high (in some mutual funds):

The maximum expense ratios than mutual funds can charge by SEBI, determined by the mutual fund’s size. As the company expands in size, the cost tends to decrease. For an equity-oriented mutual fund, you can charge the highest expense ratio is 2.25 percent.

Best Mutual Funds In India

  1. Equity Fund

The majority of the assets in equity mutual funds are in stocks. 

Funds that invest in a variety of companies

These funds invest at least 25% of their assets in large, mid, and small-cap equities, respectively.

  • Quant Tax Plan
  • PGIM India Midcap Opportunities Fund
  • Kotak Small Cap Fund
  • Parag Parikh Flexi Cap Fund
  • SBI Focused Equity Fund
  1. Mutual Funds that Invest in Debt

Debt funds make money by lending money to businesses and buying debt papers from the government. These funds are of different categories based on the length of time they have and the credit grade of the documents.

Some Best Debut Funds

  • Aditya Birla Sun Life Government Securities Fund
  • SBI Magnum Income Fund
  1. Hybrid funds

Hybrid funds invest in various asset classes, such as stocks, bonds, and gold. Hybrid funds are of several types based on how much money they distribute to different asset classes. The most common hybrid fund categories are listed below.

Some best Hybrid Funds

  • Canara Robeco Equity Hybrid Fund
  • Quant Multi-Asset Fund
  • ICICI Prudential Asset Allocator Fund (FOF)
  1. Tax Saving mutual funds

Some best Tax Saving Mutual Funds

  • Aditya Birla Sun Life Tax Plan-Growth
  • DSP BlackRock Tax Saver Fund Growth
  1. Money Market Mutual Funds

Some best Money Market Mutual Funds

  • HDFC Money Market Fund 
  • ICICI Prudential Money Market Fund 
  • Franklin India Savings Fund 
  • UTI Money Market Fund
  • L&T Money Market Fund 
  • DSP Savings Fund 
  1. Balanced Mutual Funds

Some best Balanced Mutual Funds

  • HDFC Balanced Advantage Fund Direct Plan 
  • SBI Dynamic Asset Allocation Direct 
  • Edelweiss Balanced Advantage Fund Direct Plan 
  • Tata Balanced Advantage Fund Direct 
  • Baroda Dynamic Equity Fund Direct 
  1. Gilt Funds

Some Best Glit Funds

  • SBI Contra Fund
  • DSP Flexi Cap Fund
  1. Exchange trade Funds

Some Best  Exchange Trade Funds

  • Exchange-traded funds 
  • Fidelity MSCI Energy Index ETF (FENY)
  • Vanguard Energy ETF (VDE)
  • SPDR S&P Oil & Gas Exploration & Production ETF (XOP)
  • VanEck Rare Earth/Strategic Metals ETF (REMX)
  • KraneShares Global Carbon Strategy ETF (KRBN)
  1. Closed-Ended Funds in India

Some Best Close Ended Funds 

  • SBI Tax Advantage Fund 
  • ICICI Prudential Growth Fund 
  • SBI Tax Advantage Fund
  1. Open-Ended Funds in India

Some Best Open-Ended Funds

  • Mirae Asset Emerging Bluechip Fund
  • Motilal Oswal NASDAQ 100 Exchange Traded Fund
  • Aditya Birla Sun Life Banking & Financial Services Fund

Frequently Asked Questions

Question What are the best mutual funds to invest in in India?

Answer  Some Best Mutual Funds to invest in India

  • United States Oil Fund LP (USO)
  • Global X Uranium ETF (URA)
  • Fidelity MSCI Energy Index ETF (FENY)
  • Vanguard Energy ETF (VDE)
  • SBI Small Cap Fund
  • Mirae Asset Emerging Bluechip Fund
  • Motilal Oswal NASDAQ 100 Exchange Traded Fund

Question What is the best way to invest in mutual funds in India?

Answer You can invest in schemes of a mutual fund by visiting the nearest branch office of the fund house.

Offline investment through a broker

Online through the official website.

Question How to find the best mutual funds in India?

Answer  Some Best Mutual Funds In India are;

  1. Avoid the rating trap.
  2. Look at the AUM of the fund
  3. Identify your goals and understand your risk profile.
  4. Quality of securities.
  5. Consistency of performance.
  6. Expenses ratio.


We have studied all the possible funds of India. I hope you understand.

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top