Lots of people want to make more money by investing, but they hold back because they’re either short on time or resources. Sometimes, even when they do have time, the fear of losing money without the right guidance stops them. To tackle this, more and more folks are turning to mutual funds. These funds have full-time managers who take charge, making the investment journey a bit less daunting.
Exploring different mutual funds lets you spread out your investments, and you can start with as little as Rs 100. On top of that, mutual funds come with tax advantages, giving you benefits of up to Rs 150,000 under the 80C category of the Income Tax Act.
Check the List of Mutual Funds With the Highest Return Rate Year to Date
1. Franklin India Smaller Companies Fund
Most of the fund, around 92.49 percent, goes into local stocks. What makes it stand out is that 54.17 percent of that is specifically in small-cap stocks. The top stocks in its lineup include Equitas Small Finance Bank Ltd, Brigade Enterprises Limited, Deepak Nitrite Limited, and Kalyan Jewellers India Ltd.
- Fund Type: Small Cap
- YTD Return: 32.84% (average-26.66%)
- Net Asset Value (NAV) Size: Rs 149 (September 29)
2. Nippon India Small Cap Fund
The fund puts 97.73 percent of its money in local stocks, and a big chunk of 58.39 percent is in small-cap stocks. The top stocks in its lineup are Tube Investment of India Ltd, HDFC Bank, Apar Industries, and KPIT Technologies.
- Fund Type: Small Cap
- YTD Return: 32.70% (average-26.66%)
- Net Asset Value (NAV) Size: Rs 135.518 (September 29)
3. HDFC Small-Cap Fund
Valued at 22,560.06 crores, the fund has put 93.61 percent of its money in local stocks, with a big share of 70.48 percent in small-cap stocks. It holds a total of 75 stocks, with top ones like Sonata Software, Bank of Baroda, Firstsource Solutions, and Bajaj Electricals.
- Fund Type: Small Cap
- YTD Return: 32.44% (average-26.66%)
- Net Asset Value (NAV) Size: Rs 117.424 (September 29)
4. Mahindra Manulife Mid Cap Fund
Most of the fund’s money, around 93.2 percent, is invested in local stocks, with a big chunk, 44.64 percent, going into mid-cap stocks. In its collection of 65 stocks, you’ll find top names like Federal Bank, Persistent Systems, Rural Electricity Corporation Limited, and PNB.
- Fund Type: Mid Cap
- YTD Return: 32.20% (average-26.66%)
- Net Asset Value (NAV) Size: Rs 25.31 (September 29)
Also read:
5 Different Ways to Save Income Tax in India
5. Franklin India Smaller Companies Fund
Most of the fund’s money, about 92.49 percent, is in local stocks, with over half of that, 54.17 percent, in small-cap stocks. It holds a portfolio of 87 stocks, with top ones like Equitas Small Finance Bank, Brigade Enterprises, Deepak Nitrite Limited, and Kalyan Jewellers India.
- Fund Type: Small Cap
- YTD Return: 31.96% (average-26.66%)
- Net Asset Value (NAV) Size: Rs 126.45 (September 29)
