Different types of Mutual Funds:
- Debt funds: A debt fund is a type of Mutual Fund that invests in fixed-income securities. Under this fund, your money will be invested in short-term bonds, long-term bonds, securitised funds, floating rate debt, and money market instruments.
- Equity funds: An equity fund is a type of Mutual Fund that invests money primarily in stocks. There are both actively or passively managed funds.
- Equity linked savings schemes: This is an equity Mutual Fund that is close-funded in nature. It helps you save taxes and also helps you grow your wealth. You can enjoy tax deductions as per the Income Tax Act under Section 80C.
- Diversified funds: This type of Mutual Fund allows you to invest your money in diverse sectors or industries. You can spread your investments across various industries in the market.
- Gilt funds: These funds allocate money to securities that are offered by the state and central governments. These funds come without any default risk.
- Index funds: Under this category of Mutual Funds, your money will be invested according to how a stock market index functions. The NAV for these funds will be closely follow the rise or fall in the index.
- Liquid Mutual Funds: Liquid Mutual Funds are investment plans that will allocate funds primarily to money market instruments such as treasury bills, term deposits, certificate of deposits, commercial papers, etc. These funds come with a lower maturity period.
- Debt-oriented hybrid funds: Under this category of Mutual Funds, your money will be primarily invested in debt and the remaining part will be invested in equity. It is a blend of both debt and equity investment.
- Arbitrage funds: These funds are treated as equity plans for taxation purposes. These funds invest both in the cash market and the derivatives market.
- Dynamic bond funds: Your money will be invested in debt and money-market instruments. The maturity of the fund will vary according to the investments that it makes.
Top 10 Large Cap-oriented Equity Funds
- Mirae Asset India Opportunities Direct-G
- Motilal Oswal MOSt Focused 25 Direct-G
- Aditya Birla SL Top 100 Direct-G
- Kotak Classic Equity – Direct (G)
- Aditya Birla SL Top 100-G
- SBI Blue Chip Fund – Direct (G)
- Invesco India Dynamic Equity Fund(G)
- Franklin India Bluechip Fund(D)
- ICICI Pru Focused Bluechip Equity Direct-G
- Aditya Birla SL Frontline Equity Fund(D)
Top 10 Diversified Equity Funds
- DSPBR Opportunities Fund-Reg(G)
- ICICI Pru Multicap Fund(D)
- Kotak Opportunities Fund(G)
- SBI Magnum Multicap Fund-Reg(D)
- BNP Paribas Dividend Yield -Dir (G)
- Aditya Birla SL Advantage Fund(D)
- HDFC Capital Builder Fund(G)
- Franklin India Prima Plus Fund(D)
- DSPBR Opportunities Fund-Reg(D)
- Tata Equity Opportunities Fund(D)
Top 10 Thematic – Infrastructure Funds
- IDFC Infrastructure – Direct (G)
- L&T Infrastructure -Direct (G)
- DSP-BR India TIGER – Direct (G)
- Franklin Build India – Direct (G)
- Kotak Infra and Eco Reform Standard-G
- Can Robeco Infrastructure
- Sundaram Infrastructure Adv -DP (G)
- ICICI Pru Infrastructure (G)
- Kotak Infra and Eco Reform Direct-G
- L&T Infrastructure-G
Top 10 Consistent Performers – Equity Funds
- Birla Sun Life India GenNext Fund
- DSP BlackRock Micro Cap Fund
- IDBI India Top 100 Equity Fund
- DSP BlackRock Micro Cap Fund
- Mirae Asset India Opportunities Direct-G
- SBI Blue Chip Fund
- Franklin India Flexi Cap Fund
- Motilal Oswal MOSt Focused 25 Fund – Regular Plan
- Quantum Long Term Equity – Regular Plan
- BNP Paribas Dividend Yield Fund
Top 10 Equity Linked Savings Schemes
- L&T Tax Advantage -Direct (G)
- IDFC Tax Advantage (ELSS)-RP (G)
- Tata India Tax Savings Fund – Direct (G)
- Aditya Birla SL Tax Plan(G)
- Franklin (I) Tax Shield -Direct (G)
- Principal Tax Savings Fund
- Invesco India Tax Plan – DP (G)
- Axis Long Term Equity Fund (G)
- Sundaram Diversified Equity(G)
- Aditya Birla SL Tax Relief ’96(G)
Top 10 Multi-Cap Mutual Funds
- Motilal Oswal MOSt Focused Multicap 35 Direct-G
- Motilal Oswal MOSt Focused Multicap 35 Reg-G
- Aditya Birla SL Advantage Direct-G
- Aditya Birla SL Advantage-G
- Tata Retirement Savings Progressive Direct-G
- SBI Magnum MultiCap Direct-G
- Kotak Select Focus Direct-G
- ICICI Pru Nifty Next 50 Index Direct-G
- IDBI Nifty Junior Index Direct-G
- Aditya Birla SL Equity Direct-G
Top 10 Index Funds
- Kotak Nifty ETF
- ICICI Prudential Nifty Index Fund
- Reliance ETF Nifty BeES
- UTI Nifty Index Fund
- Franklin India Index Fund – NSE Nifty Plan
- HDFC Index Fund – Nifty Plan
- HDFC Index Fund – Sensex Plan
- IDBI Nifty Index Fund
- SBI Nifty Index Fund
- Goldman Sachs Nifty Exchange Traded Scheme
Top 10 Balanced Funds
- L&T India Prudence Fund
- ICICI Prudential Balanced Fund
- Reliance Regular Savings Fund
- Birla Sun Life Balanced 95 Fund
- Canara Robeco Balance
- DSP BlackRock Balanced Fund
- Kotak Balance Fund
- UTI Balanced Fund
- Franklin India Balanced Fund
- SBI Magnum Balanced Fund
Top 10 Aggressive Monthly Income Plans
- Birla Sun Life MIP II – Wealth 25 Plan
- ICICI Prudential MIP 25
- HDFC Monthly Income Plan
- HSBC Monthly Income Plan
- Kotak Monthly Income Plan
- IDFC Monthly Income Plan
- Reliance Monthly Income Plan
- UTI MIS Advantage Plan
- BNP Paribas Monthly Income Plan
- DSP BlackRock MIP Fund
Top 10 Long Term Gilt Funds
- IDFC G Sec Fund – PF Plan
- Reliance Gilt Securities Fund
- ICICI Prudential Gilt – Investment – PF Option
- UTI Gilt Advantage Fund – Long Term Plan
- Birla Sun Life Gilt Plus – PF Plan
- SBI Magnum Gilt Fund – Long Term
- DSP BlackRock Govt Sec Fund
- Franklin India G-Sec Fund – Long Term Plan
- HDFC Gilt Fund – Long Term Plan
- L&T Gilt
Top 10 Consistent Performers – Debt Funds
- SBI Dynamic Bond Fund (G)
- UTI Dynamic Bond Fund (G)
- HDFC Medium Term Opportunities Fund. (G)
- IDFC SSIF – MTP – Regular (G)
- LIC Income Plus Fund (G)
- Birla Sun Life MNC Fund
- Reliance Equity Opportunities Fund
- Reliance Medium Term(G)
- ICICI Pru Ultra Short Term Plan(MD)
- Aditya Birla SL Short Term Fund(MD)
Top 10 Credit Opportunities Funds
- ABSL Corporate Bond Fund
- Franklin India Dynamic Accrual
- Birla Sun Life Short Term Opportunities Fund
- Reliance Corporate Bond Fund
- ICICI Prudential Corporate Bond Fund
- UTI Income Opportunities Fund
- BOI AXA Corporate Credit
- Franklin India Low Duration Fund
- HDFC Corporate Debt Opp. -Dir (G)
- SBI Corporate Bond Fund
Top 10 Short-Term Income Funds
- Birla Sun Life Short Term Fund
- ICICI Prudential Banking & PSU
- HDFC Medium Term Opportunities Fund
- Franklin India Low Duration Fund
- Indiabulls Short Term Fund – Regular Plan
- Reliance Medium Term Fund
- Axis Short Term Fund
- DHFL Pramerica Banking & PSU Debt Fund
- IDFC Super Saver Income Fund – Short Term
- L&T Short Term Opportunities Fund
Top 10 Ultra Short-Term Debt Funds
- DHFL Pramerica Short Term Floating Rate Fund
- UTI Treasury Advantage Fund
- LIC MF Income Plus Fund
- L&T Ultra Short Term Fund
- Kotak Treasury Advantage Fund
- DSP BlackRock Ultra Short Term Fund
- JM Money Manager Fund – Super Plus
- IDFC Ultra Short Term Fund
- Invesco India Credit Opportunities Fund
- 1Axis Banking Debt Fund
Top 10 Liquid Funds
- Indiabulls Liquid Fund -Direct (G)
- JM High Liquidity Fund
- L&T Liquid Fund
- Sundaram Money Fund
- Axis Liquid Fund
- DHFL Pramerica Insta Cash Plus Fund
- Invesco India Liquid Fund
- SBI Magnum Insta Cas
- Kotak Floater STP – Direct
- HDFC Liquid Fund
Best Mutual Funds for Conservative Investors
- SBI Magnum MIP – Direct (G)
- Can Robeco Yield Adv. -Direct (G)
- UTI Monthly Income Scheme-Direct(G)
- Sundaram CPOF- Sr 4 -2 years (G)
- ICICI Pru MIP – Direct (G)
- Principal Equity Savings Fund – D – (G)
- HSBC MIP – Direct (G)
- ICICI Prudential Regular Income-Dir (G)
- Aditya Birla SL MI (G)
- JM Monthly Income Plan -Direct (G)
Best Mutual Funds for Moderate Investors
- HDFC Balanced Fund
- SBI Bluechip
- ICICI Prudential Value Discovery Fund
- Aditya Birla SL Frontline Equity Fund(G)
- Franklin India Bluechip Fund(G)
- DSPBR Opportunities Fund-Reg(G)
- Axis LT Equity Fund(G)
- ICICI Pru Banking & Fin Serv Fund(G)
- ICICI Prudential Dynamic Plan
- Quantum Long Term Equity
Best Mutual Funds for Aggressive Investors
- ICICI Prudential Value Discovery Fund
- HDFC Balanced Fund
- BNP Paribas Mid Cap Fund(G)
- Franklin India Smaller Companies Fund(G)
- Aditya Birla SL Tax Plan(G)
- ICICI Pru Banking & Fin Serv Fund(G)
- Franklin Build India Fund(G)
- Canara Robeco Emerging Equities Fund – Regular Plan
- DSP BlackRock Micro Cap Fund – Regular Plan
- Kotak Emerging Equity Scheme Regular Plan
Mutual Fund Facts
Mutual Funds in India
- Investment companies determine the price of a Mutual Fund on a daily basis.
- Mutual Fund companies are monitored by SEBI.
- There are several types of Mutual Funds: Equity, Diversified, Gilt, Debt Hybrid, Index, Debt, and more.
- Equity funds include equity diversified funds, sector specific funds, and tax-saving funds.
- Debt funds include income funds, liquid funds, and short-term funds.
- Hybrid funds include equity-oriented hybrid funds, arbitrage funds, and debt-oriented hybrid funds.
- Mutual fund investment is similar to investing in a stock except a fund manager does it for you.
- A fund is considered an Equity Fund if more than 65% of the money is invested in equities (stocks).
- Indian Mutual Fund industry AUM for 2017 (as on July 31, 2017) is Rs.19.97 lakh crore.
