Top Mutual Funds to Invest: 2019 Updated

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Mutual funds have become one of the best investment options, as they give good returns and are less risky than investing directly in the stock market. Investments in mutual funds can vary from person-to-person based on their financial goals, investment horizon, and risk profile. Here are some of the best mutual funds which can give good returns in 2019:

  1. Franklin India Prima Fund

The fund has completed 25 full years and has an astounding 19.52% CAGR, which makes it one of the best performing mutual funds on the block. Franklin Prima has a 5-year CAGR at 18.30%, which is slightly higher than Nifty Midcap benchmark of 18.02%. The fund has a majority of its investments in engineering, automobile, chemical and energy stocks. R. Janakiraman has been heading the fund for over a decade and has handled challenging market situations with ease. The fund is expected to continue on its growth path in the volatile markets of 2019, which makes it one of the best funds to invest in.

  1. HDFC Small Cap Fund

The HDFC Small Cap Fund has contained losses at around 9% in comparison to 19% losses on its benchmark. The fund has a 5-year CAGR at 20.83% which is much higher than the Nifty SmallCap which gave returns at 16.04% in the same period. HDFC Small Cap Fund has a combination of stocks in chemicals, engineering and services companies. The fund has invested 57% of its assets in small-cap companies, approx. 36% in mid-cap space and 6% exposure to large caps. It doesn’t have a significant cash component; however, the fund is expected to have a good performance in mid and small-cap space in 2019.

  1. Axis Long Term Equity Fund

Axis Long Term Equity Fund is one of the best in the tax-saving space. It has been a top performer, year-after-year and has continuously outperformed its peers and the benchmark; which is the reason behind its soaring popularity. The fund’s 5-year returns are an astounding 17.76% in comparison to 13.95% on its benchmark. The fund has 72% of its assets in large caps, 25% in midcaps and 1.5% in small caps, which makes it a balanced fund for investors. The fund is managed by Jinesh Gopani, who believes in research and conviction rather than ‘playing safe.’ The mutual fund has just 35 stocks, which make it a relatively concentrated portfolio.

  1. Axis Bluechip Fund

Axis Bluechip Fund was one of the top-performing large-cap funds of 2018.  It outperformed the market, even as all top mutual fund schemes fell behind their benchmarks in their 1-year returns. The 5-year CAGR of the fund is 15.16% which is favourable in comparison to 13.22% growth in Nifty. Shreyas Devalkar, an industry veteran, has been heading the fund since November 2016. The fund is expected to give good returns in 2019 as well.

Even if you aren’t able to invest in a top-performing mutual fund, don’t worry and pick the one you think is the best bet. Even a moderately-performing mutual fund is likely to give you much higher returns than your bank. If you invest wisely, you will earn enough to get a used auto loan within a few months! So, do your research and invest wisely.

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