Gone are the days when post offices and banks were perceived to be the best investment options for long-term savings. With the emergence of various investment schemes and options, mutual funds are in the limelight for providing the best investment opportunities in relation to creation of wealth while avoiding tax payments. Mutual funds are also considered an easy mode of investment where a person can expect a fairly good return.
However, the availability of a number of mutual funds in the market is making it difficult for an investor to choose his schemes wisely. Therefore, investing in best mutual fund schemes, which have been considered best MF plans and performing well within the time-frame is advisable. These top mutual funds can get you a good return. The investor must understand that 3-5 years is the optimum time frame.
Trending Mutual Funds Scheme in India
UTI Equity Fund
Birla Sunlife Frontline Equity Fund
ICICI Prudential Focused Blue-chip Equity Fund
ICICI Prudential Value Discovery Fund
Franklin India Prima Plus
Mirae Asset India Opportunities Fund
Small & Mid-cap Fund Category
Franklin India Smaller Companies Fund
Hybrid- Equity Oriented Category
TATA Balanced Fund
ICICI Prudential Balanced Fund (Regular Plan)
ELSS/Tax Saving Category
Birla Sunlife Tax Plan
Axis Long Term Equity Fund
Franklin India Tax Shield
However, Birla Sun Life Frontline Equity Fund (Large-cap Fun Category) is considered the top mutual fund option for investors in India in 2016-17. This fund ensures growth by investing in some of the growing Indian industries such as finance, FMCG, oil and gas, IT etc. and ensures good returns. This plan is best for those who are seeking long-term capital growth in equity.