Best Mutual Funds in India for Investment in 2019

Mutual Funds have proved to be an attractive method to maximize the return in 2018 and it is expected that the New Year 2019 would not be different. While the conservative investors can investors can invest in an ultra- short term scheme or short-term debt scheme with a low risk profile or similarly the investor can invest in large cap scheme if he/she wants to attain the long term goal.

The experts feel that ELSS is an ideal scheme for the first time investors to enter into the world of equity mutual fund schemes. This will also help them to save taxes under section 80C of the Income Tax Act. Here, we have enlisted 4 mutual fund schemes that are worth investing for in 2019.

Equity Linked Mutual Funds

Axis Bluechip Fund

With 7 years returns of 14.86%, the fund has outperformed the benchmark index and category average. The reason why it worth investing for is because it has an impressive financial track record and the focus is on quality and growth stocks companies with rich cash flows and earning visibility. While the fund tends to maintain a compact portfolio, it has skimmed down the number of stocks recently in response to prevailing market conditions. The fund manager is aggressive and aims to deliver high performance with its picks. The fund has proven to be dependable in its segment.

SBI Bluechip Fund

SBI Blue chip fund was launched on 20^th January 2006 and the AUM of the scheme as on 31^st August 2018 is Rs 20702 crore. The investment objective of this scheme is to provide exemplary returns to the investors through an active management of investment in diversified basket of stocks. It is an open end mutual growth scheme that has a good mix of equity and related instruments. The scheme has delivered decent returns last years of 29.7% and in last year it has offered returns of 8.4%

Debt Mutual Funds

For conservative investors, debt mutual fund schemes are not like plain vanilla fixed deposit, they are bit more complex

Axis Liquid Fund

The fund aims to generate reasonable growth return that commensurate with low risk and high degree of volatility.  Its returns have been steady over the years and have assets worth Rs 23,723 crore. The scheme is ranked at no 3 position by CRISIL and the average returns for the period of one month was 0.6% and 5 years calculated was 7.8%.

India Bulls Liquid Fund with direct growth

This scheme aims to provide high returns and invests most of its stocks in money market and debt securities with maturity upto 91 days. The company has offered returns of 0.63% in past one month and 7.89% in last 5 years.

In the end, we would like to conclude that mutual funds have indeed proved to be the best friend for common man. But before investing money in such funds you should remind yourself that this advice is general in nature- and they may not be specific to your needs, so research properly. Stay focused on your goals.