10 Mutual Funds That Doubled Wealth in 5 Years
In India, mutual funds are a well-liked investment option that provide a flexible means of portfolio diversification. A wide range of investment options, including stocks, bonds, commodities, and real estate, are available through mutual funds.An investment manager or advisor oversees mutual funds, making the investments on your behalf.
The manager chooses the investments themselves and decides how to allocate your money. This service has an annual or quarterly charge.Many individuals who are interested in investing in shares offered by different firms and who monitor the stock market worry that they lack the necessary expertise or time to stay up to date with the newest developments in this ever-changing market.10 Mutual Funds That Doubled Wealth in 5 Years
Since investing directly in the equity market carries a risk that not everyone is prepared to handle, a mutual fund is the ideal answer for them. Investing with mutual funds offers small investors access to professionally managed, diversified portfolios of stocks, bonds, and other securities—something that would be challenging to accomplish with limited resources.
This is the main benefit of using mutual funds. Let’s examine the top ten mutual funds that have doubled in value over the past five years.
10 Mutual Funds That Doubled Wealth in 5 Years
Returns have always been the basic benchmarks for investors while going for any investments. 10 Mutual Funds That Doubled Wealth in 5 Years These indicate how much the fund has lost or gained during a particular investment duration.
Here’s the list of 10 Mutual Funds that would have doubled your money in just 5 years.
Top Mutual Funds: An Overview
1) Axis Bluechip Fund (Large-Cap)
Axis blue-chip fund-growth invests in blue-chip stocks, or stocks of predominantly large companies, which are financially sound, and well established. The stocks are less volatile than mid-cap and small-cap stocks, traded frequently, and have adequate liquidity as a result. The stocks that the Axis Blue Chip fund intends to invest in have the potential to perform long-term due to their proven track record.
The scheme aims to generate long-term capital growth by investing in a diversified portfolio predominantly consisting of equity & equity-related instruments of large-cap companies. 10 Mutual Funds That Doubled Wealth in 5 Years Axis Blue Chip Fund-Direct (Growth), being an equity fund, is suitable for investors aiming for long-term capital appreciation, ideally with an investment horizon of more than five years.
2) Canara Robeco Bluechip Equity Fund (Large-Cap)
Canara Robeco Bluechip Equity Fund Direct-Growth is an Equity Mutual Fund Scheme launched by Canara Robeco Mutual Fund. This scheme was made available to investors on 19 Dec 1987. Ravi Gopalakrishnan, Shridatta Bhandwaldar is the Current Fund Manager of Canara Robeco Bluechip Equity Fund Direct-Growth fund.
The fund seeks to provide capital appreciation by predominantly investing in companies having a large market capitalization. Canara Robeco Large cap+ fund is named to reflect the investment strategy, which is mainly focused on a portfolio that would be concentrated on investing in any of the top 150 stocks ranked based on market capitalization.
3) PGIM India Mid-Cap Opportunities Fund
PGIM India Midcap Opportunities Fund Direct-Growth is an Equity Mutual Fund Scheme launched by PGIM India Mutual Fund. This scheme was made available to investors on 13 May 2010.10 Mutual Funds That Doubled Wealth in 5 Years Kumaresh Ramakrishnan, Avinash Agarwal is the Current Fund Manager of PGIM India Midcap Opportunities Fund Direct-Growth fund.
The scheme seeks to achieve long-term capital appreciation by predominantly investing in equity & equity-related instruments of mid-cap companies.
4) Axis Mid-Cap Fund
Axis Midcap Direct Plan-Growth is an Equity Mutual Fund Scheme launched by Axis Mutual Fund. This scheme was made available to investors on 04 Sep 2009. Shreyash Devalkar is the Current Fund Manager of Axis Midcap Direct Plan-Growth fund.
The scheme seeks to achieve long-term capital appreciation by investing predominantly in equity & equity-related instruments of Mid Cap companies.10 Mutual Funds That Doubled Wealth in 5 Years
5) Nippon India Small-Cap Fund
Nippon India Nifty Smallcap 250 Index Fund Direct-Growth is another Mutual Fund Scheme launched by Nippon India Mutual Fund. This scheme was made available to investors on 30 Jun 1995. Mehul Dama is the Current Fund Manager of Nippon India Nifty Smallcap 250 Index Fund Direct-Growth fund.
The scheme seeks to provide investment returns closely corresponding to the total returns of the securities as represented by the Nifty Smallcap 250 Index before expenses, subject to tracking errors.
Things to Remember Before Investing
Don’t just run for returns from investment for investing in Mutual Funds.10 Mutual Funds That Doubled Wealth in 5 Years There are lots of things you should look into before selecting a fund that will match your investment goals. Following are the 3 things you should always remember before investing in Mutual Funds:Don’t blindly invest in the fund with the highest returns. Invest based on the duration you want to invest for.
Evaluate the funds you invest in yourself – don’t invest in a fund because of its popularity.
from time to time but not too often. Once a few weeks is good enough.10 Mutual Funds That Doubled Wealth in 5 Years
If you are a beginner to mutual funds investment, especially equity mutual funds, thinking of the small/mid-cap mutual funds may not be the best idea for you. These are best for investors who have very good ideas of mutual funds and the risks associated with them.
Conclusion
Mutual funds are an excellent way to invest your money. The basic idea is that you make regular contributions to a fund and then get a return on those contributions.10 Mutual Funds That Doubled Wealth in 5 Years Mutual funds can be very useful if you have a large amount of money to invest since you don’t have to manage the investments yourself.
When investing in mutual funds, it’s important to understand how much risk you’re taking on with your investments.
