3 great schemes for investment, which make you rich
New Delhi. Mutual funds are the best option for new age investment. Experts and advisors recommend choosing the route of SPIC (Systematic Investment Plan) to invest in mutual funds. Also it is advisable to always invest in mutual funds for a long period. The long term here means at least 3-5 years. If seen, despite the turmoil in the stock markets over the past few months, investor confidence in equity mutual funds remains intact.
There has also been no reduction in investment through SIP. There has been very steady investment through SIP.
Here we are telling you about some ASIP mutual fund schemes which may be the best bet from 2-3 years of investment perspective.
Mirei Asset Emerging Bluechip Fund
The fund is rated 5-star by CRISIL. Its returns have been better than its peers, which is one of the reasons for the fund’s good rating. However, the fund’s short-term returns have not been very consistent with the markets. Its one-year returns have been -8.45 per cent, while the 5-year annualised returns have been 12.5 per cent, making it a better option for investment. You can invest in this fund as a SIP with a small amount of Rs 1,000. The portfolio of Mirei Asset Emerging Bluechip Fund consists of stakes such as HDFC Bank, Reliance Industries, ICICI Bank and Axis Bank. This fund is much better in terms of investment for 1-2 years.
LIC MF Large & Midcap Fund – Growth
This is another fund that has received a 5-star rating from CRISIL. As the name suggests, LIC MF Large & Midcap Fund invests in both large cap and midcap category stocks. After initially investing an amount of Rs 5,000, you can continue to invest Rs 1,000 in this fund every month. The top 4 stocks in the fund’s portfolio include HDFC Bank, Infosys, Avenue Supermarkets and ICICI Bank. These funds are a good option for investors with high returns over a period of 3-5 years.
Canara Robeco Emerging Equities Fund –
Growth This is another fund that can give good returns in 3-5 years. However, like the two funds mentioned above, it has not received a 5-star rating. But Crisil gave a 4-star rating. But Value Research considers the fund to have a 5-star rating. The fund can be invested through a monthly SIP of Rs 1,000. The 5-year return on Canara Robeco Emerging Equities has been 8.75 per cent year-on-year, much better than many FDs and small savings schemes.
The scheme also has strong stocks like HDFC Bank, Reliance Industries, ICICI Bank and Ipca Labs. These funds may be a better option for 5 years.