Schedule a call based on your convenience. And get an expert to help you invest.
Investors are always looking for the best options for wealth creation. Mutual funds may fit this bill depending on your investment goals and risk profile. But nobody really tells you which mutual funds are the best out of the many choices available.
Luckily, we work with the best mutual fund advisor who recommends a curated list of funds for Cube users every month. This blog contains a snippet of the best funds currently being recommended by our mutual fund advisor, Wealth First.
Note: While we update our blogs regularly we suggest you
Download the Cube Wealth app for the latest list of the best mutual funds.
Watch this video to know why you should invest using Cube?
Mutual funds are categorized based on the securities they invest in, risk profile, maturity period, fund objective, and more. Here are the 7 broad types of mutual funds:
1. Money market funds
2. Fixed income funds
3. Equity funds
4. Balanced funds
5. Index funds
6. Specialty funds
7. Fund-of-funds
Click here to read a detailed blog on the types of mutual funds you can invest in India.
However, our Cube Wealth app simplifies things and shows you funds based on these easy to understand categories:
1. Liquid mutual funds
2. Debt mutual funds
3. Conservative mutual funds
4. Moderate mutual funds
5. Aggressive mutual funds
6. International mutual funds
7. Tax Saving mutual funds
Liquid funds are open ended schemes that fall under the debt funds category. Liquid funds have an average portfolio maturity of 91 days. Liquid funds carry a low risk and offer high liquidity.
Debt funds invest in debt and money market instruments like treasury bills, corporate bonds, etc. Debt funds are safer than equity funds.
Conservative funds include equity funds that carry a comparatively lower risk.
Moderate funds include equity funds that are safer than aggressive funds but riskier than conservative funds. However, moderate funds may give better returns than conservative funds.
Aggressive funds include equity funds that are high risk high reward investments.
International mutual funds invest in international companies like Tesla, Facebook, Google, etc. that are listed on international indices like the S&P 500.
Tax saving mutual funds or ELSS funds are equity funds that come with a 3 year lock-in period. ELSS funds offer tax benefits of up to ₹1,50,000 under section 80C.
Note: All facts and figures are updated as of 03/12/2020.
While we update our pages regularly, we suggest you Download the Cube Wealth app for the latest list of the best mutual funds.
With 2021 right around the corner, you may want to think about adding wealth creation to your new year resolution. Investing in the right mutual funds today can lead to better returns tomorrow. Cube makes this possible by helping you invest in the best mutual funds in a simple and straightforward manner.
Speak to a wealth coach or Download the Cube Wealth app today to know if you should invest in the best mutual funds for 2021.
Schedule a call based on your convenience. And get an expert to help you invest.
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!
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