Top 10 Mutual Funds To Invest In 2023

Ever been to an Automobile Showroom to purchase a car on loan, thinking that you've found a good deal, a friend reveals that another company has lower interest rates.?

If your answer is yes, then you would have also wished to have the knowledge for prices and other features before.

Ever wondered how inflation and interest rate can affect your future savings?

Lack of financial knowledge is why most people prefer loans for automobiles and almost everything else.

Let's begin with an example.

Suppose you are taking a loan of Rs. 5,00,000 to purchase a vehicle.

What are the costs involved?

Let’s take the interest rate at 9% for a period of 2 years. So, how much will you pay the bank as part of the loan? The total cost will be around Rs 5,50,000, including all expenses and GST.

And of course, how can we forget about the inflation rate? The current inflation rate is 6.5%, and you will pay Rs. 5,50,000 in two years. The present value of that amount comes to approximately Rs. 4,84,900, which means a loss of Rs. 65,100, and let’s add the interest rate of Rs. 50,000, i.e., Rs. 1,15,100.

Don't you think it is an expensive option?

So let's figure out a manageable alternative.

As the saying goes , “Let your money grow for you," an individual can set up future goals and invest in those options where an investor can choose to increase wealth.

Most of the investors will decide to invest in Fixed/Recurring Deposits schemes that don’t even cover the inflation rate. So, we have the option of mutual funds, which offer investors monthly support and the advantage of compounding and a much higher interest rate.

What are Mutual Funds and How to choose them?

A type of investment vehicle known as a "mutual fund" pools the funds of numerous individual investors to buy stocks, bonds, and other securities. A professional investing firm manages the mutual fund's entire portfolio, of which each investor holds a portion. Click here to know more about Mutual Funds…

Make your Money Grow

Top 10 Mutual Funds That will help you secure your money and time

Mutual funds should consider the following before investing in these programs. Learn about each category first, then decide if it fits your risk tolerance and investing goals.

Due to which, Invest N Earn has published a list of the top 10 mutual fund schemes. We feel that the five categories of equity mutual fund schemes we have chosen—a hybrid equity, large cap, mid cap, small cap, and flexi cap schemes, pharma and healthcare sector, manufacturing sector—should be sufficient for ordinary mutual fund investors. There are warnings, so make sure you choose the best plan for you by reading all the way through.

Mutual Fund Scheme	Net Asset Value	​AUM (in Rs. Cr)	​3 Year CAGR
Nippon India Small Cap Fund	91.58	23158.70	30.46%
ICICI Prudential Large and Mid-Cap Fund	578.94	6052.38	20.02%
Mirae Asset Healthcare Fund	20.84	1706.59	22.08%
Aditya Birla Sun life Dividend Yield Fund	272.44	859.53	17.95%
ICICI Prudential Manufacturing Fund	18.47	635.31	21.47%
HDFC Hybrid Equity Fund	84.41	19124.50	15.18%
Tata Small Cap Fund	23.55	2837.67	27.69%
PGIM India Midcap Opportunity Fund	42.66	7370.85	29.70%
HDFC Flexi Cap Fund	1135.96	31677	19.84%
Kotak Emerging Equity Fund	74.66	22809.20	19.96%

Invest Now

Many new mutual fund investors ask variations of this question to friends, coworkers, or in some mutual fund communities when they first start investing. However, most of them are not pleased with the responses they receive from friends or the internet.

Even when investing in equities, some equity investors prefer to be safe, and such people are the target audience for large-cap schemes. These mutual fund schemes are safer than other equity mutual fund schemes because they invest in the top 100 stocks, and additionally, they have lower volatility than mid-cap and small-cap schemes. Click here to learn more about different types of funds.

Finally, it's improbable that any search that begins with "best" would provide you with the finest answer. Always pick a plan that aligns with your financial goals, time horizon, and risk tolerance.

If you have any suggestions or want some more information on this topic, feel free to let us know in the comment section below.