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 Equity Mutual Funds
Here are some of the best equity mutual funds for resident and NRI investors.
| Fund Name | 1 Year Returns | Fund Size | Rating | Risk |
|---|---|---|---|---|
| Quant Infrastructure Fund | 28.3% | Rs. 667 | 5* | Very High |
| Canara Robeco Small Cap Fund | 18.9% | Rs. 3,455 | 5* | Very High |
| Nippon India Value Fund | 15.4% | Rs. 4,714 | 5* | Very High |
| SBI Contra Fund | 16.1% | Rs. 5,827 | 5* | Very High |
Best Debt Mutual Funds
Here are some of the best debt mutual funds for resident and NRI investors.
| Fund Name | 1 Year Returns | Rating | Risk |
|---|---|---|---|
| Aditya Birla Sun Life Medium Term Fund | 24.58% | 5* | Moderately High |
| Baroda BNP Paribas Credit Risk Fund | 13.3% | 5* | Moderately High |
| UTI Short-term Income Fund | 8.27% | 5* | Moderate |
| UTI Treasury Advantage Fund | 8.9% | 5* | Low to Moderate |
| ICICI Prudential Ultra Short Term Fund | 4.24% | 5* | Moderately High |
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Best Tax Saving Mutual Funds
Here are some of the best tax saving mutual funds for resident and NRI investors.
| Fund Name | 1 Year Returns | Rating | Risk |
|---|---|---|---|
| Quant Tax Plan | 20.93% | 5* | Moderately High |
| IDFC Tax Advantage (ELSS) Fund | 8.47% | 5* | Moderately High |
| DSP Tax Saver Fund | 2.85% | 5* | Moderate |
| PGIM India ELSS Tax Saver Fund | 6.51% | 5* | Moderately High |
| Kotak Tax Saver Fund | 8.68% | 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.
FAQs
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.
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.
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.
