Mutual Funds are a type of financial vehicle made up of a pool of money collected from many investors to invest in securities like stocks or bonds or any other assets. They are controlled by professional money managers who help you allocate the fund assets and try to produce capital profit for investors.
Now, if you are looking to start new investments in mutual funds, then continue reading this article to find out ‘Top 10 Mutual Funds’ on the internet.
If you are a new mutual fund investor, this question will always come to your mind: ‘where to invest?’ and ‘how much should we invest?’
Mutual funds give small access to professionally managed portfolios of equities and bonds and other securities. They are also divided into many kinds of categories which include objective of investment, type of returns and risks and the kinds of securities you invest in.
Here’s a list of top 10 schemes where you can invest:
1. SBI Small Cap Fund
2. SBI Equity Hybrid Fund
3. Axis Small Cap Fund
4. Mirae Asset Hybrid Equity Fund
5. DSP Midcap Fund
6. Axis Midcap Fund
7. Mirae Asset Large Cap Fund
8. Axis Bluechip Fund
9. Parag Parikh Long Term Equity Fund
10. Kotak Standard Multicap Fund
Note: A mutual fund share represents investments in many different stocks (or other securities) instead of just one holding.
This is the reason why the price of a mutual fund share is referred to as the net asset value per share.
A mutual fund is both an actual company and an investment. An investor is partially buying a company’s assets.
Types of Mutual Funds
1. Equity funds
2. Money market or liquid funds
3. Fixed income or debt mutual funds
4. Monthly income plans