Which bank is best for mutual funds in India?

Making money is easy. People easily make money through their Job, online work, working as a freelancer, or through their business. Most of them spend their whole money on daily expenses because of this they face money problems after their retirement.

Investing your money in the early stage of your life is the most important thing I learned in my life. I also follow reviewsutra Blog for finance-related tips and tricks where I learn Money making and investing ideas. 

All rich people in the world have one common habit. They make money from their money. 

Confused?

They put their money to work for them while at the same time they can focus on other opportunists of making money Like working on Small Scale Business Ideas.

But when it comes to normal people like you and me, when don’t have much reach or knowledge of investing. Share market is so much risky and we don’t have experience so we cannot invest directly in the share market.

The solution to all this problem is Mutual fund investment. Here in the post, we are going to see “which bank is best for mutual funds in India?”. But before that let’s see “what is mutual funds?”

What are mutual funds?

Share market is the best way of making your money. If you know how to pick perfect stock which can outperform in the coming months or year then the share market is for you. 

For picking up a multi-bagger share you need to know “how to read the balance sheet of Company”, you have to check cashflow and other things related to the company. this thing is not difficult if you are not from a commerce background.

Which bank is best for mutual funds in India?

By identifying the above problem, some brokers and banks started the Mutual fund scheme. A mutual fund is a professionally managed investment scheme where your money is invested in Gold, Bonds, securities, share market by professional investors who have many years of investment experiences.

You can invest in a mutual fund with any amount. You can use Groww, Paytm, ICICIDirect or many other applications for investing in mutual funds. 

The best part of a mutual fund is you can start your SIP and invest any monthly amount based on your saving. I prefer to invest 30% of my monthly salary. Out of this 40%, I invest in mutual funds as there are very safe as compared to other types of investment.

Different Type of Mutual funds:

  • Debt funds
  • Equity Funds
  • Equity-linked savings schemes
  • Gold Funds
  • Gilt Funds
  • Diversified Funds
  • Index Funds
  • Liquid Mutual funds
  • Debt-oriented hybrid funds
  • Dynamic bond funds

Which Bank is Best for Mutual funds in India?

I have collected some best Mutual funds based on their past performance. You can invest in any Mutual fund.

 

SIP Lump-Sum
Scheme Name 1-year (%) 3-year (%) 5-year (%) 1-year (%) 3-year (%) 5-year (%)
Axis Bluechip Fund 21.23 16.63 15.53 21.94 19.62 11.34
IIFL Focused Equity Fund 30.06 16.10 15.20 32.74 14.63 11.82
Axis Focused 25 Fund 22.59 13.52 15.15 24.38 17.87 13.01
Axis Midcap Fund 19.89 13.43 13.39 19.24 17.35 10.84
SBI Focused Equity Fund 19.77 13.35 13.94 23.18 16.86 11.73
Canara Rob Bluechip Equity Fund 20.92 13.31 13.10 18.63 14.80 9.88
Axis Small Cap Fund 26.79 13.19 13.48 26.91 14.34 12.15
Sundaram Select Focus 16.89 12.16 12.58 17.53 15.57 8.75
Mirae Asset Emerging Bluechip 20.85 12.12 15.69 19.63 15.62 15.87
LIC MF Large Cap Fund 21.47 11.91 11.08 19.84 12.39 7.78
S&P BSE 500 – TRI 12.12 7.56 9.91 11.54 11.42 8.17

 

So, these are some best Mutual funds who have given more than 15% of yearly returns to their investors.

Conclusion

When it comes to a mutual fund for investment, I think they are the best and safest form of investment. Almost all brokers and banks don’t take any type of commission when you invest in mutual funds.

You can invest in mutual funds via the online or offline procedure in less than an hour. If you have any questions regarding the best bank for mutual funds in India than let me know in the comment box.

Share this post with your friends and let them know about Best mutual funds for investment.

Cheers!!

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