20 Best Mutual Funds to Invest in April 2023 in India

What is a Mutual Fund?

A mutual fund is an investment vehicle managed by a professional fund manager, who invests money collected from a group of investors, with similar goals, into different asset classes, such as equities, bonds, commodities, and money market instruments. It has the potential to generate high returns depending on the fund performance, especially if you stay invested for a sufficiently long time. However, with so many options available, choosing the best mutual funds to buy right now can be challenging. Here, we have prepared a comprehensive list of the best mutual funds to invest in 2023 to make your life easier.

That said, always consider your financial goals, risk tolerance and liquidity requirements while choosing a fund, and consult your financial advisor if required before finalising any investment. 

Top 20 Mutual Funds to Invest in 2023

Here is a list of top mutual funds to invest in 2023:

Also Read

15 Best Direct Mutual Funds in India to Invest in April 2023

20 Best Equity Mutual Funds in India to Invest in April 2023

How Do Mutual Funds Work?

The fund manager of a mutual fund scheme invests the pooled money in a variety of assets, such as stocks, bonds, debt instruments, and money market vehicles. Besides, getting a chance to maximise their profit margins, a mutual fund investor also benefits from a fund’s diversification – a strategy used by investors to manage risks.

The portfolio and the investment strategy of any of the best performing mutual fund schemes in India is decided as per the corporate policies of the fund house, the objectives stated in the offer document, and the investment style of the fund manager. In fact, one of the key responsibilities of a fund manager, apart from managing your fund on a daily basis, is portfolio rebalancing i.e. deciding the allocation weightage for individual assets. 

An important point to note is that mutual fund investors don’t get direct ownership of the assets the fund invests in. The price of each mutual fund unit is called Net Asset Value (NAV). The number of fund units you own will depend on the fund’s NAV.

Best Performing Mutual Funds to Invest in 2023 Based on Returns

Here is a detailed overview and performance of the top mutual funds to invest now:

1. Axis Bluechip Fund Direct Plan Growth:

This fund invests 87.41% of its corpus in equities, with over 72% in large cap stocks. It also has a 12.7% exposure to debt securities. Financial services gets the maximum weightage of over 43% in terms of sectoral allocation. The portfolio currently consists of 40 stocks, including ICICI Bank Ltd.. HDFC Bank Ltd., and Bajaj Finance Ltd.. Going by past performance and growth potential, it is considered to be one of the best mutual funds to invest in for the long term:

• NAV: ₹46.93
• AUM: ₹35,197.66 Crore
• Expense Ratio: 0.56%
• 1-year annualised return: -4.0%
• 3-year annualised return: 10.8%
• 5-year annualised return: 12.1%
• Minimum investment amount (SIP): ₹100
• Minimum investment amount (lumpsum): ₹500
• Risk: Very high
• Type of fund: Equity
• Exit Load: 1%, if you redeem more than 10% of your holdings within 12 months

2. SBI Technology Opportunities Fund – Direct – Growth:

This fund is currently invested in 18 top domestic and US technology stocks, such as Infosys, TCS, Bharti Airtel, HCL Technologies Ltd., Netflix and Wipro among others. Almost 91% of the portfolio is equities, while the rest is cash. This is a thematic fund focussing on the technology sector. It has been one of the high-return mutual funds, considering its performance over the last 3 and 5 years. The following are some important details:

• NAV: ₹157.84
• AUM: ₹2,740.91 Crore
• Expense Ratio: 0.89%
• 1-year annualised return: -1.1%
• 3-year annualised return: 30.5%
• 5-year annualised return: 21.4%
• Minimum investment amount (SIP): ₹500
• Minimum investment amount (lumpsum): ₹5,000
• Risk: Very high
• Type of fund: Equity
• Exit Load: 0.5%, if you exit the fund within 15 days of allotment

3. Quant Small Cap Fund – Direct – Growth:

This fund aims to generate long-term wealth by leveraging the growth potential of small cap companies. It tracks the performance of the Nifty Small Cap 250 index. 95.3% of the fund corpus is invested in small cap stocks, within the balance in cash. In terms of sectoral allocation, consumer staples and financial services take the top two positions. It is one of the top mutual funds in India, going by its performance over the past few years. Here are some important details:

• NAV: ₹146.98
• AUM: ₹2,870.43 Crore
• Expense Ratio: 0.62%
• 1-year annualised return: 13.9%
• 3-year annualised return: 51.8%
• 5-year annualised return: 23.7%
• Minimum investment amount (SIP): ₹1,000
• Minimum investment amount (lumpsum): ₹5,000
• Risk: Very high
• Type of fund: Equity
• Exit Load: 1%, if you redeem your fund units within 12 months

4. Tata Digital India Fund – Direct – Growth:

80% of the total assets owned and managed by this scheme is invested in India’s top IT and technology stocks. The fund seeks capital appreciation on a long-term basis and has 33 equities in its portfolio. It has been one of the best performing mutual funds in India, if you consider its returns over the last 3 to 5 years. Here are some important details:

• NAV: ₹35.99
• AUM: ₹6,463.67 Crore
• Expense Ratio: 0.89%
• 1-year annualised return: -9.4%
• 3-year annualised return: 31.3%
• 5-year annualised return: 22.6%
• Minimum investment amount (SIP): ₹150
• Minimum investment amount (lumpsum): ₹5,000
• Risk: Very high
• Type of fund: Equity
• Exit Load: 0.25% of NAV, if you exit the fund within 30 days of the initial allotment

5. ICICI Prudential Technology Fund – Direct – Growth:

The primary goal of the fund, as stated in its offer document, is wealth creation by investing in technology companies and other companies that are heavily reliant on technology. Of the 48 securities the fund has invested in, 96.2% are equities. In terms of weightage, technology forms 80% of the fund’s portfolio. Some important details include:

• NAV: ₹147
• AUM: ₹8,794.16 Crore
• Expense Ratio: 0.89%
• 1-year annualised return: -10%
• 3-year annualised return: 34.5%
• 5-year annualised return: 22.1%
• Minimum investment amount (SIP): ₹100
• Minimum investment amount (lumpsum): ₹5,000
• Risk: Very high
• Type of fund: Equity
• Exit Load: 1% on full redemption within 15 days of allotment of units

6. Aditya Birla Sun Life Digital India Fund Direct Growth:

This fund was formed on 16 January, 2000 and is currently managed by Kunal Sangoi and Dhawal Joshi. 98.5% of the total corpus of this fund is invested in equities, with 82.4% allocated to technology, 8.4% allocated to services, and 6.3% allocated to communication. Over the last 3 and 5 years, it has delivered high annualised returns, making it one of the top performing mutual funds, during the period. Some of the important details are as follows:

• NAV: ₹130.14
• AUM: ₹3,244.21 Crore
• Expense Ratio: 0.89%
• 1-year return: -6.5%
• 3-year return: 31%
• 5-year return: 21.3%
• Minimum investment amount (SIP): ₹100
• Minimum investment amount (lumpsum): ₹5,000
• Risk: Very high
• Type of fund: Equity
• Exit Load: 1% on full redemption within 15 days of allotment of units

7. Mirae Asset Tax Saver Fund – Direct – Growth:

This open-ended equity equity-linked savings scheme (ELSS) offers the dual benefit of wealth generation and tax deduction benefits up to ₹1.5 lakh under Section 80C of the I-T Act. It has a standard lock-in period of 3 years like all other ELSS funds. With its value-investing approach, it gives you exposure to growth-oriented businesses, such as HDFC, Reliance Industries and ICICI Bank to name a few. Here are some interesting details about the scheme:

• NAV: ₹33.39
• AUM: ₹14,020.27 Crore
• Expense Ratio: 0.57%
• 1-year annualised return: 3.4%
• 3-year annualised return: 20.5%
• 5-year annualised return: 14.6%
• Minimum investment amount (SIP): ₹500
• Minimum investment amount (lumpsum): ₹500
• Risk: Moderately high
• Type of fund: ELSS
• Exit Load: Nil

8. Aditya Birla Sun Life Medium Term Direct Plan-Growth:

Launched on 25 March, 2009, this mutual fund invests primarily in debt and money market instruments. It is suitable for investors looking for capital growth in the medium term. This fund invests in sovereign bonds, state development loans (SDL) bonds, a number of debentures, and commercial papers. Some important details are:

• NAV: ₹33.94
• AUM: ₹1,646.65 Crore
• Expense Ratio: 0.81%
• 1-year return: 21.5%
• 3-year return: 13.7%
• 5-year return: 8.7%
• Minimum investment amount (SIP): ₹500
• Minimum investment amount (lumpsum): ₹500
• Risk: Moderately high
• Type of fund: Debt
• Exit Load: 2%, if more than 15% of the total units is redeemed within 1 year and 1%, if more than 15% of the total units is redeemed after 1 year but before 2 years. If you hold this fund in your portfolio for more than 3 years, your tax obligation becomes almost nil, considering the 20% indexation benefit available.

9. Navi Nifty Midcap 150 Index Fund Direct Growth:

Being a technology-backed passively managed fund that tracks the Nifty Midcap 150 Index, it is transparent, low-cost, and simple. It also has a very low tracking error of 0.004 since there is very little human intervention. In terms of sectoral allocation, financial services has the highest weightage while energy has the lowest. By staying invested in this fund for sufficiently long, you could expect to maximise the profit margin of your investment portfolio in line with its underlying index. Some important details are:

• NAV: ₹10.78
• AUM: ₹25.26 Crore
• Expense Ratio: 0.11%
• 6-month absolute returns: 17.5%
• 1-year return: NA
• 3-year return: NA
• 5-year return: NA
• Minimum investment amount (SIP): ₹10
• Minimum investment amount (lumpsum): ₹10
• Risk: Very high
• Type of fund: Equity Index Fund
• Exit Load: Nil

10. SBI Equity Hybrid Fund Direct Plan Growth:

Launched on 31 December, 1995, this fund is suitable for investors looking for capital appreciation in the long run. It is an open-ended fund that invests in a balanced mix of equity and debt instruments. According to the current holding pattern, the fund has invested over 74% of its corpus in stocks and the rest in fixed-income schemes. The following are some details you need to know:

• NAV: ₹214.90
• AUM: ₹56,709.94 Crore
• Expense Ratio: 0.79%
• 1-year return: 0.3%
• 3-year return: 11.8%
• 5-year return: 10.4%
• Minimum investment amount (SIP): ₹500
• Minimum investment amount (lumpsum): ₹1,000
• Risk: Very high
• Type of fund: Hybrid
• Exit Load: 1%, if you redeem more than 10% of your units within 1 year

11. ICICI Prudential Asset Allocator Fund of Fund Growth:

It’s a fund of funds (FoF) scheme that is suitable for investors, who want to grow wealth over a period of time with the help of portfolio diversification and an investment style that mirrors the underlying schemes of this fund of funds. This FoF invests in 21 different ICICI mutual funds that offer instant diversification and steady growth potential, in line with the performance of the underlying schemes. Some essential scheme-related details are:

• NAV: ₹90.65
• AUM: ₹18,159.83 Crore
• Expense Ratio: 0.18%
• 1-year return: 9.2%
• 3-year return: 15.0%
• 5-year return: 12.6%
• Minimum investment amount (SIP): ₹1,000
• Minimum investment amount (lumpsum): ₹5,000
• Risk: High
• Type of fund: Hybrid Fund of funds
• Exit Load: 1%, if you redeem more than 10% of your units within 1 year

12. Mirae Asset Large Cap Fund Direct Growth:

It’s an open-ended equity fund that invests more than 80% of its available money in stocks of the top 100 companies by market capitalisation. It aims to deliver consistent high growth with some risk diversification achieved by investing across a wide range of themes and sectors. This scheme invests in a number of sector leaders across sectors, such as financial services, healthcare, technology, automobile, and construction among others.

• NAV: ₹84.58
• AUM: ₹34,194.26 Crore
• Expense Ratio: 0.53%
• 1-year annualised return: 3.7%
• 3-year annualised return: 16.1%
• 5-year annualised return: 11.5%
• Minimum investment amount (SIP): ₹1,000
• Minimum investment amount (lumpsum): ₹5,000
• Risk: Very high
• Type of fund: Equity
• Exit Load: 1%, if you exit the fund within 12 months

13. Navi Nifty 50 Index Fund Direct Growth:

If you’re an investor who wants capital appreciation in the long term and returns in line with that of the Nifty 50 Index, this fund is for you. Thanks to the use of advanced technology, the tracking error of this fund is extremely low at just 0.001. It is also affordable and transparent. Here are some fund details that you should be aware of:

• NAV: ₹11.02
• AUM: ₹664.73 Crore
• Expense Ratio: 0.06%
• 1-year annualised return: 4.02%
• 3-year return: NA
• 5-year return: NA
• All-time annualised return: 6.16%
• Minimum investment amount (SIP): ₹10
• Minimum investment amount (lumpsum): ₹10
• Risk: Very high
• Type of fund: Equity Index Fund
• Exit Load: Nil

14. HDFC Index S&P BSE Sensex Direct Plan Growth:

This index fund replicates the portfolio composition and individual asset weightage allocation of S&P BSE Sensex index. Since its inception on 17th July, 2002, the fund has delivered an average return of 12.6% p.a. In terms of sectors, the fund has maximum exposure to financial services, followed by technology. Some important details are:

• NAV: ₹544.93
• AUM: ₹4,141.51 Crore
• Expense Ratio: 0.20%
• 1-year annualised return: 5.9%
• 3-year annualised return: 16.4%
• 5-year annualised return: 12.5%
• Minimum investment amount (SIP): ₹100
• Minimum investment amount (lumpsum): ₹100
• Risk: Very high
• Type of fund: Equity Index Fund
• Exit Load: 0.25%, if you exit within 3 days of allocation

15. SBI Small Cap Fund Direct Growth:

This mutual fund predominantly invests in a diversified portfolio of small cap stocks with high growth potential. The fund currently holds 53 top small cap companies in its basket. Some of the most well-known names are Finolex Industries, Lemon Tree Hotels, Star Cement, and Engineers India Ltd. For further diversification, this scheme also invests a portion of the corpus in a variety of large- and mid-cap stocks, debt instruments, and money market instruments.

• NAV: ₹122.87
• AUM: ₹15,348.09 Crore
• Expense Ratio: 0.71%
• 1-year annualised return: 11.8%
• 3-year annualised return: 27.4%
• 5-year annualised return: 14.6%
• Minimum investment amount (SIP): ₹500
• Minimum investment amount (lumpsum): NA
• Risk: Very high
• Type of fund: Equity
• Exit Load: 1% of NAV, if you redeem within 12 months

16. Parag Parikh Tax Saver Fund Direct Growth:

This fund aims to generate long-term capital by investing at least 80% of the corpus in equity and equity-related instruments. Being an ELSS, it comes with a lock-in period of 3 years. However, in addition to generating long-term wealth, it can also help you maximise your tax savings under Section 80C of the I-T Act, 1961. Further, this fund uses value investing strategies to invest across sectors, themes, and market capitalisations. Some essential details are:

• NAV: ₹20.77
• AUM: ₹941.56 Crore
• Expense Ratio: 0.82%
• 1-year return: 11.1%
• 3-year return: 25.3%
• 5-year return: NA
• Minimum monthly investment amount (SIP): ₹1,000
• Minimum investment amount (lumpsum): ₹500
• Risk: High
• Type of fund: ELSS
• Exit Load: Nil

17. Canara Robeco Small Cap Fund Direct Growth:

This open-ended equity scheme primarily invests in small cap stocks with high growth potential with the aim of generating long-term wealth. As per the current asset allocation, a little over 95% of the corpus is invested in equities. By sectoral allocation, services and finance occupy the top two positions. Since inception, the fund has delivered CAGR returns of 25.7%. Some important details are:

• NAV: ₹25.20
• AUM: ₹4,567.76 Crore
• Expense Ratio: 0.41%
• 1-year annualised return: 6.4%
• 3-year annualised return: 33.9%
• 5-year return: NA
• Minimum monthly investment amount (SIP): ₹1,000
• Minimum investment amount (lumpsum): ₹5,000
• Risk: Very high
• Type of fund: Equity
• Exit Load: 1%, if you redeem units within 12 months from the date of allotment

18. Quant Infrastructure Fund – Direct – Growth:

This open-ended fund invests heavily in stocks of top infrastructure companies in the country. The 3-year, 5-year, and 10-year returns delivered by it are higher than the category average, making it one of the top mutual funds. To balance risks associated with equity investing, the fund manager can decide to invest a portion in debt at any given point of time. This investment scheme may be suitable for investors looking for long-term capital appreciation.

• NAV: ₹22.91
• AUM: ₹853.83 Crore
• Expense Ratio: 0.64%
• 1-year return: 10%
• 3-year return: 40.5%
• 5-year return: 19.5%
• Minimum monthly investment amount (SIP): ₹1,000
• Minimum investment amount (lumpsum): ₹5,000
• Risk: Very high
• Type of fund: Equity
• Exit Load: 0.5%, if you exit within 3 months of allotment

19. Navi Nifty Bank Index Fund:

This passively managed index fund closely replicates the performance, composition, and individual asset allocation weightage of the Nifty Bank Index. It has the lowest tracking error of 0.003 among all other index funds tracking the Nifty Bank Index. It currently holds 12 banks with high growth potential in its portfolio. Here are some interesting details about the fund:

• NAV: ₹10.41
• AUM: ₹77.83 Crore
• Expense Ratio: 0.1%
• 1-year annualised return: 11.7%
• 3-year annualised return: NA
• 5-year annualised return: NA
• Minimum monthly investment amount (SIP): ₹10
• Minimum investment amount (lumpsum): ₹10
• Risk: Very high
• Type of fund: Equity Sectoral
• Exit Load: Nil

20. UTI Flexi Cap Fund Direct Growth:

Launched on 18th May, 1992, this flexicap fund was designed to leverage the growth potential of a rising market and mitigate risks during a volatile market. It is suitable for investors, who have a high risk appetite, and can stay invested over a sufficiently long time. It can also offer investors diversification over a wide spectrum of market capitalisation. Based on sectoral allocation, the fund has the highest exposure to financial services and the lowest exposure to automobiles. Some interesting points to note about the fund are:

• NAV: ₹235.82
• AUM: ₹24,929.40 Crore
• Expense Ratio: 0.89%
• 1-year annualised return: -6.5%
• 3-year annualised return: 14.4%
• 5-year annualised return: 12.3%
• Minimum monthly investment amount (SIP): ₹500
• Minimum investment amount (lumpsum): ₹5,000
• Risk: Very high
• Type of fund: Equity Flexi Cap
• Exit Load: 1%, if you redeem more than 10% of the allocated units within 1 year

*Data taken from respective AMC websites on March 1, 2023. Data for illustrative purposes only. Past performance is no guarantee of future returns. 

Disclaimer: Mutual fund investments are subject to market risks, read all offer documents carefully. 

What are the Different Ways to Invest in Mutual Funds?

There are are several ways to invest in top-performing mutual funds in India:

1. NFO

Whenever a new mutual fund is launched, it’s termed as New Fund Offer or NFO. You can subscribe to the scheme at a discounted rate during the NFO period, which usually lasts for two weeks. You can invest directly on the app or website of the AMC or one of its distributors.

2. Directly with Asset Management Companies (AMCs)

Visit the website, download the app, or check the offline channels for investing with your preferred AMC. Based on your long-term financial goals, risk tolerance, tax position, and investing principles, choose a fund that’s suitable.

3. Distributors and Brokers

Instead of directly investing in a mutual fund through a channel offered by its issuing AMC, you can also avail of the investment channels provided by brokers, distributors, and aggregator websites. They not only give you a platform to invest, but also sound financial advice. However, you may have to pay extra to access these facilities.

How to Invest in Top Mutual Funds?

You’re all set. Within some time of your payment, mutual fund units will be allocated to you. The app/website dashboard will show the fund’s NAV, AUM, number of units allocated, and other relevant information.

Did You Know?

Had you invested ₹10,000 in the UTI Flexi Cap Fund, you would have received ₹10,128 after 1 year, ₹15,655.67 after 3 years, and ₹16,315.43 after 5 years, based on Nifty 500 Total Return Index (TRI), as on 31st March, 2023. You may also be interested to know that ₹10,000 invested on the day of inception, would have fetched you ₹2,93,183.635, as on 31st March, 2023.

Advantages of Investing in Mutual Funds

Here are a list of benefits of investing in mutual funds:

1. Liquidity

Almost all mutual funds are extremely liquid. This means you can redeem your units and exit the fund at any time. Once redeemed, the redemption amount is usually credited to your bank account within a few days (just 1 day in case of Navi). However, please note that ELSS funds will have a mandatory lock-in period of 3 years. Also, most funds will have an exit load, so be mindful of that.

2. Portfolio Diversification

Since mutual funds invest in a variety of asset classes and different securities within the same asset class, it offers diversification – a useful defence mechanism against uncertain market forces.

3. Convenient

Most mutual funds are easy to invest in because you can pick and choose an investment option that suits you. Some popular ways of investing are Systematic Investment Plans (SIPs), Systematic Withdrawal Plans (SWPs), Systematic Transfer Plans (STPs), and lumpsum. Moreover, you can conveniently start you investment journey by downloading the app of your preferred AMC or aggregator anywhere, anytime.

4. Regulated

Mutual funds are regulated under the Securities and Exchange Board of India (SEBI) (Mutual Funds) Regulations, 1996. This creates fair value practices in the market, and weaves in a factor of safety into your investment. However, please note that mutual fund investments are subject to market risks, read all scheme-related documents carefully before investing.

5. Low-cost

Mutual funds usually have a low expense ratio. An expense ratio is the operating expenses incurred by the fund, expressed as a percentage of the scheme’s daily net assets. Due to asset diversification, mutual funds can lower their operating and marketing expenses, which is passed on to the investors.

6. Professional management

Mutual Funds are managed by professional fund managers with specialised financial knowledge and skill sets. They not only track the price fluctatuations of the individual assets in the portfolio, but also decide on the composition and asset allocation weightage, depending on price fluctuations and market movements. This is what makes mutual funds are a great investment vehicle for even new investors, who may not have sufficient knowledge about individual asset classes, sectors, and securities. 

Also Read

10 Best International Mutual Funds in India to Invest in April 2023

20 Best Infrastructure Mutual Funds in India to Invest in April 2023

How to Choose the Top Mutual Funds to Invest in?

You need to consider the following factors before choosing the best mutual funds for your needs:

1. Consider your Investment Goals

Each mutual fund scheme has a different risk level and investment objective. Invest in a fund that’s well aligned with your investment goals and risk tolerance. Even if you want to diversify your portfolio, choose schemes that match your investment objective.

2. Consider a Fund’s Expense Ratio

A mutual fund’s expense ratio adds up to the total cost of the fund. A scheme with an extremely high expense ratio could eat into the returns of the fund. On the other hand, funds with lower expense ratios are better positioned to deliver higher returns for the investors.

3. Historical Performance of Funds

Though checking a fund’s historical performance shouldn’t be considered as a yardstick for selection of funds by any means, it could give you a fair idea of the fund you’re planning to invest in. For instance, investing in a mutual fund that has delivered consistent returns over a long duration could be a safer bet than a scheme that is less stable.

4. Consult with a Financial Advisor

If you’re not sure where to start or need help choosing mutual fund schemes as per your financial goals, consider working with a financial advisor who can help you make informed decisions about your investments. 

5. Understand the Fund’s Holdings

Look into the fund’s holdings and check what the fund is actually investing in. This would give you a fair idea whether the holdings are aligned with your investment goals.

6. Direct Plan vs. Regular Plan

Investing in a direct plan means you’re directly buying mutual fund units from the fund house or AMC (Asset Management Company). If you invest in the same scheme via a regular plan, you would see that the expense ratio is higher than the direct plan. That’s because regular plans entail investing via third-party brokers or advisors.

7. Consider Assets Under Management (AUM)

The higher the AUM, the more money the fund has to invest and potentially generate higher returns for its investors. AUM could also be an indicator of a mutual fund’s size and popularity among investors. A high AUM can indicate that a fund is well-established, which can be a sign of a fund’s strength and stability. 

Taxation on Mutual Funds

Returns or profits made on mutual fund investments are taxable. So, before investing, understand your tax obligations clearly.

1. Capital Gains

The rate of tax on capital gains will depend on the duration of investment and the type of mutual fund as follows:

In addition, cess and surcharge will be levied at the applicable rate.

2. Dividend

The amendment made under the Finance Act, 2020 ensured that AMCs can no longer deduct a Dividend Distribution Tax (DDT) on your dividend income from the fund. However, your income will be taxed at your peak income tax slab rate.

Moreover, an AMC will deduct a TDS of 10%, if your dividend income from the scheme exceeds ₹5,000 in a year, which you can then claim back when filing your tax returns.

3. Stamp Duty

At the time of purchase of a mutual fund scheme, you’ll also have to pay a stamp duty at 0.005% of the total purchase value.

Did You Know?

Stamp duty was introduced, based on government order, from 1st July 2020. It was not levied on mutual fund investments before that. 

Final Word

Looking for the best mutual funds to invest now? Well, your choice should be aligned with your long-term financial goals, risk tolerance, current financial situation and liabilities, tax position, and in view of your existing investment portfolio, if you have one. Do your research thoroughly and read the scheme-related documents carefully. If you are still unsure, reach out to a financial advisor.

However, if you want a little taste of investing in the best mutual funds, consider investing in Navi Mutual Fund at just ₹10.

FAQs

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Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully.

This article has been prepared on the basis of internal data, publicly available information and other sources believed to be reliable. The information contained in this article is for general purposes only and not a complete disclosure of every material fact. It should not be construed as investment advice to any party. The article does not warrant the completeness or accuracy of the information and disclaims all liabilities, losses and damages arising out of the use of this information. Readers shall be fully liable/responsible for any decision taken on the basis of this article.

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