Listicle

Top 20 Best Mutual Funds in India for 2020

August 25, 2020

[Updated: September 2020]

You’ve more or less understood what mutual funds are, read up about the best investments available and asked at least 10 friends about what mutual funds to invest in.

All those friends insist that they know what the best mutual funds in India are and claim they’ve been getting good returns. Sadly your question remains unanswered… should you invest in the Axis Mutual Fund or the SBI Blue Chip? Are equity funds right for you or should you invest in debt funds?

All the financial mumbo-jumbo leaves you confused and hesitant. You know by now that you should start investing in mutual funds using SIPs but secretly wonder if you can time the market through lump sum investments.

In case you are looking to begin investing in SIPs, our recommendations of the top SIPs to invest in could be a good starting point for you.

After all that effort you really want to know what the top performing funds in India are. Well, you’re in luck because the Cube Wealth blog is the best place to get simple, honest and unbiased investment advice.

We work with the world’s best wealth coaches and advisors to bring you a list of *drumrolls* The Top 20 Best Mutual Funds To Invest In India + some bonus tips. Wealth First is our Mutual Fund Advisory partner and has helped us compile this crisp and precise list.

How Best Mutual Funds are Compared?

This list is based on recommendations shared by our advisory partners, Wealth First. These mutual funds have delivered and will likely continue to deliver consistently higher returns than other funds in their category.

These funds are picked based on multiple factors, like consistent historical high returns & potential to continue delivering same results. Our world-class advisors at Wealth First helped build the list based on their mutual fund selection process, undertaken using two parameters:

Qualitative Parameters:

  • AMC comfort – Pedigree, Credibility, Compliance, Process and Ability to Retain Top Management & Talent
  • Fund Manager comfort – Experience, Reputation, Performance and Continuity Record (We have had 170+ investment and marketing team interactions in the last 1 year) 

Quantitative Parameters:

  • Scheme Aesthetics – Fund Size & Recent AUM Growth, Concentration Analysis, Clarity of positioning
  • Performance – Historical performances (SIP, Last 20-Quarters, 3-Year and 5-Year Numbers), Risk-adjusted returns, Sharpe, Beta, and Other Statistical Ratios
  • Negative Criteria – Cash Calls, Outlier Performances, Recent Management Changes, etc.

Now that you are well aware of the factors involved in picking the top performing mfs, without further ado, let’s dive into Cube Wealth’s picks.

List Of Best Mutual Funds Of September 2020

Let’s now dive into a list of current top recommendations of mutual funds to invest in. This is given by our advisors from Wealth First.

While we update our blogs regularly, we recommend you download the Cube Wealth App to see the latest and most accurate data.

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Best Liquid Funds in India in 2020

First, let’s look at the Liquid Funds that our wealth coaches have handpicked this year. These funds give higher returns than your average savings account, are short term investments and offer easy liquidity. We are sharing a list of 3 Mutual Funds in the liquid funds category for you. To find the ideal fund for yourself get in touch with one of our wealth experts.

Best Liquid Mutual Funds 2020

  • Nippon India Liquid Fund

  • SBI Liquid FundHDFC Liquid Fund

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Not too sure if this is the right option for you? We’ve got you covered! Our expert wealth coaches at Cube Wealth help make this uncomplicated. Download the app now and let go of your worries.

Best Debt Funds in India in 2020

The second category of funds on our list are debt funds. Debt funds are less volatile than equity funds and are also known as fixed-income funds. Our trained wealth advisors have zeroed in on these as the Top 3 Best Debt Funds in India for 2020:

Best Debt Mutual Funds 2020

  • ICICI Prudential Corporate Bond Fund

  • IDFC Banking & PSU Debt Fund

  • Axis Money Market Fund

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Even though these have been the top performing debt funds in India, we recommend you let Cube Wealth handle your goal-oriented financial management, while you enjoy the luxuries that your savings will accompany. See what our users are saying.

Best Balanced Mutual Funds in India in 2020

The third category of mutual funds we will look into are conservative funds. These are mixed mutual funds which use a combination of stocks, funds and cash to maintain a low risk level. If you’re looking for a more balanced approach to mutual funds you should definitely look at these funds in 2020.

Want to get the Best Mutual Funds for you? Email us at wealth@bankoncube.com

Best Conservative Mutual Funds 2020

  • Motilal Oswal Focused 25 Fund

  • Mirae Asset Large Cap Fund

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Keeping up with the changing market however is a task not everyone has the time to dedicate time to. That is why we at Cube Wealth aspire to cater to the urban professionals, covering all the aspects of your investments through a single application that only requires a minute a month.

Best Moderate Risk Funds in India in 2020

Next, we should talk about moderate risk mutual funds. If you’re neither the conservative type nor someone who wants to invest in aggressive mutual funds, these funds will help you strike the right balance;

Best Moderate Mutual Funds 2020  

  • Axis Focused 25 Fund

  • SBI Magnum Multicap Fund

  • Invesco India Growth Opportunities Fund

  • MIRAE Asset Focused Fund

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Not sure if investing in moderate risk funds would help you reach your goals fast enough? We factor your priorities such as education, personal affairs, home, travel, and so on. Once you set the goal up, Cube Wealth saves for the same via EMIs additionally parking your money in liquid funds.

Best Aggressive Mutual Funds in India in 2020

This brings us to the next set of funds to make it to our best mutual funds list: Aggressive Mutual Funds. If you’re looking for capital gains, have a solid risk appetite and the patience of an oak tree. These funds will tickle your money bone!

Best Aggressive Mutual Funds 2020

  • Motilal Oswal Midcap 30 Fund

  • Kotak Emerging Equity Fund

  • ICICI Prudential Smallcap Fund

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Why not take the opinion of the best health advisors in the market for better capital gains though? We at Cube Wealth provide you access to wealth advisors who are otherwise accessible only to UHNIs.

Top ELSS Funds in India in 2020

Now, it’s impossible to talk about Mutual Funds and not mention tax saving funds. So if you’re trying to make the most of your 80C tax savings, you should look at the best Equity Linked Savings Schemes recommended by our wealth advisors.

These diversified equity schemes will help you make money while you save tax.

Want customised advice? Get the Cube Wealth App.

Best Tax Saving ELSS Mutual Funds 2020

  • Kotak Tax Saver Fund

  • Mirae Asset Tax Saver Fund-Regular Plan

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Best International Mutual Funds in India in 2020

Finally, we have a short list of the best international mutual funds in India. If you’d like to protect your investments from the rise and fall of the rupee, these are great options for you.

Best International Mutual Funds 2020

  • Made in China: Edelweiss Greater China Equity Off-shore Fund-Regular Plan

  • Americano: Franklin India Feeder – Franklin U.S. Opportunities Fund

  • Exotic Europe: Invesco Pan European Equity Fund
  • Cherry Blossom: Nippon India Japan Equity Fund

In case you are looking into beginning to invest, our article is the complete guide to building an investment portfolio. A good addition to this knowledge could be the best long term investment options.

Start Investing Now

You can also go through our top recommendations for the best equity funds and the best debt funds to invest in. We always recommend to not pick mutual funds to invest in, on your own. See why, in this episode of The Cube Wealth Show –

When should you sell a Mutual Fund? To know more, what this video

Want to know more about Cube Wealth's Perfect Portfolio feature? Watch this video

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  2. The Types Of Mutual Funds You Can Invest In India
  3. Why You Need To Analyze Your Mutual Fund Portfolio
  4. Investing in Mutual Funds for Retirement
  5. How To Define Your Investment Goals
Rishabh P Nair
Rishabh P Nair is the Head Of Brand Content at Cube Wealth. Rishabh has been weaving stories for over 10 years and prides himself on building brands with a strong identity. Besides building content for multiple start-ups, he has written scripts for YouTube videos, digital ads, short films, TV Shows and films.

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