Best Mutual Funds in India 2022

There are dozens of mutual fund houses in India that offer different schemes that investors can choose from depending on their investment goals. The definition of the best mutual fund varies from investor to investor. You can invest in a fund as per your objective, horizon and risk appetite. Let’s look at some of the best mutual funds in India for 2022. 

The following tables contain some of the best performing mutual fund schemes across categories – equity, debt, tax-saving and liquid funds. All resident and Non-Resident Indian (NRI) investors can invest in these mutual funds.  

Best Mutual Funds in India 2022
Best Mutual Funds in India 2022

Best Equity Mutual Funds

Here are some of the best equity mutual funds for resident and NRI investors. 

Fund Name1 Year ReturnsFund SizeRatingRisk
Quant Infrastructure Fund28.3%Rs. 6675*Very High
Canara Robeco Small Cap Fund18.9%Rs. 3,4555*Very High
Nippon India Value Fund 15.4% Rs. 4,7145*Very High
SBI Contra Fund16.1%Rs. 5,8275*Very High

Best Debt Mutual Funds

Here are some of the best debt mutual funds for resident and NRI investors. 

Fund Name1 Year ReturnsRatingRisk
Aditya Birla Sun Life Medium Term Fund24.58%5*Moderately High
Baroda BNP Paribas Credit Risk Fund13.3%5*Moderately High
UTI Short-term Income Fund  8.27% 5*Moderate
UTI Treasury Advantage Fund8.9%5*Low to Moderate
ICICI Prudential Ultra Short Term Fund4.24%5*Moderately High

NRIs willing to invest in mutual funds in India can download SBNRI App to choose from 3000+ mutual fund schemes or to ask any questions related to mutual fund investment.

SBNRI is an authorised Mutual Fund Distributor platform & registered with Association of Mutual Funds in India (AMFI). ARN No. 246671

Best Tax Saving Mutual Funds

Here are some of the best tax saving mutual funds for resident and NRI investors. 

Fund Name1 Year ReturnsRatingRisk
Quant Tax Plan 20.93%5*Moderately High
IDFC Tax Advantage (ELSS) Fund8.47%5*Moderately High
DSP Tax Saver Fund2.85%5*Moderate
PGIM India ELSS Tax Saver Fund6.51%5*Moderately High
Kotak Tax Saver Fund8.68%5*High

Note: Mutual fund investments are subject to market risks, read all scheme related documents carefully. 

Final Words

Finally, a mutual fund scheme can’t offer the best solution for every investor. It is essential to find a scheme that matches your investment goal, horizon, and risk profile. New investors whose basic concepts of mutual fund investment are not clear should seek the help of a mutual fund advisor. 

Before investing in Indian market, NRIs must consult market experts to make informed decisions. You can get detailed mutual fund advisory from experts at SBNRI. You can download SBNRI App from the Google Play Store or App Store to ask any questions related to mutual fund investment, NRI account opening online and tax filing in India. To ask any questions related to Mutual Funds, click on the button below. Also visit our blog and YouTube channel for more details. 

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FAQs

Is mutual fund investment safe?

Mutual funds are largely, but not completely, a safe investment. Investing in mutual funds is a good way for investors to diversify with minimal risk. However, before investing in mutual funds, you must go through the past performance and other details of a scheme.

Which type of mutual fund is the best?

Capital protection funds can be the best bet for investors who want to ensure the protection of their investment amount. These funds invest in equity and fixed income securities.

Which one is better – mutual fund or FD?

Each investment option has its pros and cons. While investing in mutual funds may earn more interest, fixed deposit is a safer investment that offers assured returns. 

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