Mutual Funds are all the rage these days. But questions like “What is a good Mutual Fund?”, and “How do I invest in Mutual Funds?”, might occupy your mind as you get started. If you are reading this, you’re in the right place. This blog is focused on answering all questions that pop-up in your mind as you search for the best mutual funds of 2023. Let’s start by answering some basic questions.
October 27, 2023
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Mutual Funds are all the rage these days. But questions like “What is a good Mutual Fund?”, and “How do I invest in Mutual Funds?”, might occupy your mind as you get started.
If you are reading this, you’re in the right place. This blog is focused on answering all questions that pop-up in your mind as you search for the best mutual funds of 2021. Let’s start by answering some basic questions.
What Are Mutual Funds?
Mutual Funds consist of a large pool of money that expert Fund Managers use to invest in various securities such as money market instruments, stocks, fixed-income funds, hybrid funds, etc.
The investments are not limited to industries or asset types. Over the long term, Mutual Funds have historically produced better returns than FDs and other traditional investment options.
Returns (Long term)
Low-High (Market dependent)
What Is A Good Mutual Fund?
There are several markers that you can use to identify a good Mutual Fund such as:
What Are The Benefits Of Investing In Mutual Funds?
While the misinformation surrounding Mutual Funds is abundant, it might just be one of the best investment options available on the market.
Here are the benefits:
Distributed risk due to diversification
Multitude of options
Comfortable lock-in periods
Mutual Funds can allow you to branch out and ensure that risk is distributed and rewarded with lucrative returns.
Mutual Funds Currently Recommended By Our Advisor
Moderate Risk Funds
Nippon India Liquid Fund
IDFC Banking & PSU Debt Fund
Axis Focused 25 Fund
Axis Small Cap Fund
Edelweiss Greater China Equity Off-shore Fund
SBI Liquid Fund
HDFC Ultra Short Term Fund
Invesco India Growth Opportunities Fund
Kotak Emerging Equity Fund
Franklin India Feeder - Franklin U.S. Opportunities Fund
HDFC Liquid Fund
ICICI Prudential Corporate Bond Fund
Mirae Asset Focused Fund
Motilal Oswal Midcap 30 Fund
Invesco Pan European Equity Fund
Invesco India Liquid Fund
Axis Banking and PSU Debt Fund
Invesco India Contra Fund
ICICI Prudential Smallcap Fund
Motilal Oswal Nasdaq 100 Fund of Fund
ICICI Prudential Liquid Fund
Axis Money Market Fund
Kotak Equity Opportunities Fund
PGIM India Midcap Opportunities Fund
Motilal Oswal S&P 500 Index Fund
How To Choose The Right Mutual Funds?
That which is best for another may not always be best for you. This is exactly why choosing funds on your own is not recommended. Instead, investing through an App such as Cube Wealth will ensure that you have the support, guidance, and transparency to get the best out of Mutual Funds.
The Cube Wealth app ensures that:
You invest through a Systematic Investment Plan.
Funds are chosen based on your risk profile.
Gold standard guidance from our Wealth Coaches.
Diversification is done the right way.
We advise you when to buy AND sell.
The Mutual Funds are hand-picked and recommended by our Wealth Advisor, Wealth First. They have an incredible track record of beating the average mutual fund by 50%.
How To Start Investing In Mutual Funds?
We recommend you to build the right portfolio based on your risk profile. However, unlocking the benefits of the right Mutual Funds may seem like a tedious task due to the numerous schemes available. Only if there was a way to solve this…
Well, there is! You can gain access to impeccable Wealth Coaches and award-winning Wealth advisors through the Cube Wealth app. Automate the whole investment process and play the waiting game without any hassle. Download the Cube Wealth App today to learn more!
*Note:Facts and figures as of 09-03-2021
1. Which mutual fund is best for 2023?
Ans. The Cube Wealth app gives you access to the best mutual funds for 2023. The funds are handpicked by Wealth First, Cube's mutual fund advisory partner. There are over 1000+ mutual fund schemes available to Indian investors along with the noise surrounding each fund. Cube helps you cut through the hurdles and invest in the best funds for your investment goals.
2. Which MF gives highest return?
Ans. Equity funds are generally known to give the highest returns mainly because they invest in stocks. Among them, international mutual funds and certain small cap and mid cap funds are known to potentially generate lucrative returns.
However, they carry a certain amount of risk that investors must weigh before investing. Taking the risk analysis quiz on the Cube Wealth app is an efficient way to know if you should invest in equity funds.
3. Which types of mutual funds are suitable for different investment goals?
Ans. Mutual funds come in various categories, including equity funds, debt funds, hybrid funds, and thematic funds. Equity funds are typically suited for long-term growth, while debt funds are more income-oriented. Hybrid funds combine elements of both.
4. Are there tax considerations when investing in mutual funds?
Ans. Yes, mutual fund investments can have tax implications. Factors like the holding period and the type of fund can impact the tax treatment of capital gains. It's advisable to consult with tax advisors to understand the tax implications of your investments.
As investors seek the best mutual funds of 2023, they embark on a journey to harness the potential of financial markets while managing risk effectively. Mutual funds remain a popular choice due to their inherent advantages, including diversification, professional management, and access to various asset classes.
The process of selecting the best mutual funds involves careful evaluation. Key factors to consider include historical performance, expense ratios, the experience and track record of the fund manager, and the alignment of the fund's strategy with individual investment goals and risk tolerance. Whether aiming for long-term growth or a steady stream of income, there are mutual fund categories to match diverse financial objectives.
on stock picking, poring over excel sheets, financial news, analyzing market trends, tracking the Sensex, researching company fundamentals, comparing mutual funds, reading financial reports, trying to predict the future & losing your sanity!