Are you looking answers for which are the best mutual funds to invest in 2023 India or best mutual funds to invest in for long term or best mutual funds to buy along with best performing mutual funds in last 10 years and last 5 years, then you are at right place. Now in year 2023 people are looking forward for the good investment options to invest in for long term planning.
Today in this article we are going to discuss only on top 10 – best mutual funds to invest in 2023 India. Our teams are continuously performing lots of research before recommending our reads. Here we have filtered the top 10 – best performing mutual funds in last 10 years based on hundreds of parameters. Our teams are writing this based on several years of experience into Indian financial markets. We understand the benefits of correct information required by customers. Our only objective here is intended to give you the best knowledge as possible.
Top 10 – Best Mutual Funds to Invest in 2023 India for Long Term
Now it’s turn to look into in detail. In the below table we have shown best performing mutual funds in last 10 years. We are going to further going to calculator the best mutual funds next 10 years returns based on this table. It took us long time to figure it out the best mutual funds to invest in 2023 India. Hope you will also find this information useful for your financial planning.
|Sr.||Scheme Name||Category Name||AuM (In Crores)||2Yrs||5Yrs|
|1||Tata Digital India Fund – Direct Plan – Growth||Sectoral/Thematic||5,888.49||29%||28%|
|2||ICICI Prudential Technology Fund – Direct Plan – Growth||Sectoral/Thematic||8,693.35||30%||28%|
|3||SBI Technology Opportunities Fund – Direct Plan – Growth||Sectoral/Thematic||2,500.46||30%||26%|
|4||Aditya Birla Sun Life Digital India Fund – Direct Plan – Growth||Sectoral/Thematic||3,035.93||28%||26%|
|5||Quant Small Cap Fund – Direct Plan – Growth||Small Cap Fund||2,206.57||52%||23%|
|6||Quant Active Fund – Direct Plan – Growth||Multi Cap Fund||3,024.13||44%||23%|
|7||Axis Small Cap Fund – Direct Plan – Growth||Small Cap Fund||10,761.13||39%||20%|
|8||PGIM India Midcap Opportunities Fund – Direct Plan – Growth||Mid Cap Fund||6,953.56||44%||20%|
|9||Kotak Small Cap Fund – Direct Plan – Growth||Small Cap Fund||8,468.99||45%||18%|
|10||Nippon India Pharma Fund – Direct Plan – Growth||Sectoral/Thematic||4,655.82||16%||18%|
|Average Annualized Returns:||36%||23%|
Note: (1) AUM here refers to Assets Under Management. Its a measures / ratio to determine the total market value of the financial assets which a Mutual Fund company holds. (2) MF here is the short name for Mutual Funds. For example when we say Best MF to Invest in 2023 India which determine that we intend to specify best mutual funds to invest in 2023 India.
Looking at the past performance of top mutual funds with top best mutual funds sectors / categories. It conclude that when we diversify our mutual funds investment into different categories like Large Cap Funds, Small & Mid Cap Funds, Equity Mutual Funds, Multicap Fund and Focused Equity Fund, One can make a handsome of money which is enough money go get funds for retirement.
Investing in top 10 – best mutual funds to invest in India 2023 is one of the easiest ways of making handsome money to get retired with low risk in long run. Make a habit or behavior of diversifying into different mutual fund sectors so that you do not end-up into high risk by miss the good returns for other best MF to invest sectors.
Every person have different aspiration. There may be people who will be more interested in investing best stocks to buy either best stocks for long term investment, where are other person will be only classified with best dividend paying stocks. Here we are going to focus only on best mutual funds next 10 years based on above data. You should consider this data for your analysis and research purpose when you are picking best performing mutual funds in last 10 years.
Best Performing Mutual Funds in Last 10 Years
Lets take an example to understand what I am saying. Assume that you wish to stay invested in best Indian Mutual Funds for next 20 years with capital investment of INR 10,00,000/- in year 2023, Let’s look below the table to understand how much money you can make by investment diversification based on best performing mutual funds in last 10 years data.
|Sr.||Investment / Returns Details||Investment / Returns Amount||Annualized Returns|
|1||Initial Investment Amount (Principal Invest in 2023 year)||10,00,000.00||0%|
|2||Returns on Investment (in next 5 years – 2028 year)||28,15,305.00||23%|
|3||Investment Returns (in next 5 years – 2033 year)||79,25,944.00||23%|
|4||Returns on Investment (in next 5 years – 2028 year)||2,23,13,955.00||23%|
|5||Investment (in next 5 years – 2043 year)||6,28,26,234.00||23%|
Continue to our above example, Based on best performing mutual funds in last 10 years we conclude the average returns of 16% annualized returns every next 10 years.
In above table you can see that your initial capital investment of INR 10,00,000/- will give you the handsome returns in next 10 years after calculating average of best performing mutual funds in last 10 years.
Now that you decided to invest in top 10 – best mutual funds for long term for next 10 years, then return on investment amount would be a magical figure for you, which is mentioned above.
For next 10 years, average returns of top 10 – best mutual funds to invest in 2023 India would be considered. You can look at the above table for calculating average returns of best mutual funds next 10 years.
If you are also interested in investing in stocks, then you should also consider reading these best large stocks to buy for long term safe option, best mid stocks to buy along with these best small stocks to buy for maximizing your returns on investment.
There have always been upside and downside in the financial markets. There are days of bearish market as well as bullish market. When you compare your returns keeping in mind long term gains, you will find the returns on best stocks, best mutual funds with upside growth potential is fascinating and its not possible to reach there with normal savings or fixed deposits.
This bring me here to conclude my several years of research. In this article you have seen the top 10 – best mutual funds to invest in India for 2023-2024. We have also seen some of the best performing mutual funds in last 10 years and some of the best mutual funds to invest in for long term. Hope that you will find this top performing mutual funds interesting for your portfolio and also you will find best mutual funds to invest in India is quite simple and interesting. Do write us your comments and feedback’s, so that next time I can present you some thing better than the best.
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Top 10 - Best Investment Options in India
- Chapter 1: Top 10 - Best Stocks for Long Term Investment in India
- Chapter 2: Top 10 – Best Dividend Paying Stocks for Long Term in India
- Chapter 3: Top 10 – Best Stocks to Buy for Long Term Investment in India
- Chapter 4: Top 10 – Best Large Cap Stocks to Buy for Long Term Investment in India
- Chapter 5: Top 10 – Best Mid Cap Stocks to Buy for Long Term Investment in India
- Chapter 6: Top 10 – Best Small Cap Stocks to Buy for Long Term Investment in India
- Currently Reading: Top 10 – Best Mutual Funds to Invest in for Long Term in India
- Chapter 8: Top 10 – Best Mutual Funds for SIP to Invest in India
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5 thoughts on “Top 10 – Best Mutual Funds to Invest in 2023 India for Long Term”
The statistics show the recent top investing companies in India. There are many ideas related to trading. This is a great idea. Well done.
I am US based NRI, I am planning to go back India in next 5 years I am planning to invest stock market 10,00,000 rupees, Could you suggest where should i invest INDIA or USA.
If you have knowledge and can analyze stocks fundamentally and technically then you an invest in USA or Indian stock market. Safest option is to invest in Mutual Funds when you have limited knowledge. Now a days, Indian Mutual Funds are providing Special Situations Fund, Global Equity Fund where they invest in best companies from different countries including USA and India. Here you can diversify your funds and can get benefits from best stocks from various countries.
It is perfect time to make some plans for the long term and be be happy. I’ve learn a lot from your published articles and if I could I desire to counsel you some interesting things or advice. Maybe you could write subsequent articles regarding SIP investment as well. I want to happy to learn even more from you!
Thanks for your feedback. You can read Best SIP in Mutual Funds to Invest in India to explore yourself in more detail. Hope you would enjoy reading it!