Top 8 Best Performing Equity Mutual Funds in 2018 from Cleartax
There are several bloggers who are analyzing and recommending equity mutual funds. Many mutual fund experts to keep recommending top performing mutual funds. Now tax consulting companies like Cleartax have started giving mutual fund recommendations and they have enabled their platform to buy mutual funds. They are recommending several mutual fund schemes in 2018. Which are the top and best performing equity mutual funds in 2018 recommended by Cleartax? What's our view about these top performing mutual funds to invest in India?
Also Read: Mirae Asset Healthcare Mutual Fund – Should you invest?
What does Cleartax say about these equity mutual funds?
You can invest as low as ₹ 500 per month.
Equity mutual funds are low risk compared to direct equity.
Investment horizon should be at least 5 years to get good returns.
Investment should be done based on your investment preferences in large cap, Midcap and small cap funds.
There are total 8 mutual fund schemes recommended by them, which includes 2 each in large cap, multi cap and Midcap and 1 each in small cap and balanced fund.
Top 8 Best Performing Equity Mutual Funds in 2018 from Cleartax
#1 – DSP Blackrock Midcap Fund
This is a mid cap mutual fund scheme recommended by Cleartax indicating that it has given 25% annualized returns in the last 5 years.
Our view:
This fund gave 25% annualized returns in the last 5 years, 16% annualized returns in the last 3 years and 7% returns in the last 1 year.
If you have invested in this fund through SIP of ₹ 1,000 per month for 5 years, your invested value would have been ₹ 60,000 and this amount would have now grown to ₹ 102,000.
Value Research Online rates this as 3 Star Fund and Crisil ranks this as Rank-3.
There are better funds in the mid – cap segment, hence an investor should review before investing in such fund.
#2 – HDFC Midcap Opportunities Fund
This is a mid cap mutual fund scheme recommended by Cleartax indicating that it has given 26% annualized returns in the last 5 years.
Our view:
This fund gave 26% annualized returns in the last 5 years, 15% annualized returns in the last 3 years and 10% returns in the last 1 year.
If you have invested in this fund through SIP of ₹ 1,000 per month for 5 years, your invested value would have been ₹ 60,000 and this amount would have now grown to ₹ 102,000.
Value Research Online rates this as 4 Star Fund and Crisil ranks this as Rank-3.
This is one of the good midcap mutual fund schemes.
#3 – HDFC Small Cap Fund
This is a small cap mutual fund scheme recommended by Cleartax indicating that it has given 24% annualized returns in the last 5 years.
Our view:
This fund gave 24% annualized returns in the last 5 years, 21% annualized returns in the last 3 years and 26% returns in the last 1 year.
If you have invested in this fund through SIP of ₹ 1,000 per month for 5 years, your invested value would have been ₹ 60,000 and this amount would have now grown to ₹ 110,000.
Value Research Online rates this as 3 Star Fund and Crisil ranks this as Rank-1.
This is one of the best small cap mutual fund schemes.
#4 – Aditya Birla Sun Life Equity Fund
This is a multipcap mutual fund scheme recommended by Cleartax indicating that it has given 22% annualized returns in the last 5 years.
Our view:
This fund gave 22% annualized returns in the last 5 years, 14% annualized returns in the last 3 years and 9% returns in the last 1 year.
If you have invested in this fund through SIP of ₹ 1,000 per month for 5 years, your invested value would have been ₹ 60,000 and this amount would have now grown to ₹ 93,000.
Value Research Online rates this as 4 Star Fund and Crisil ranks this as Rank-3.
Though the last 1 year returns are poor, this is one of the good diversified equity funds.
#5 – ICICI Prudential Value Discovery Fund
This is a multipcap mutual fund scheme recommended by Cleartax indicating that it has given 21% annualized returns in the last 5 years.
Our view:
This fund gave 21% annualized returns in the last 5 years, 7% annualized returns in the last 3 years and 6% returns in the last 1 year.
If you have invested in this fund through SIP of ₹ 1,000 per month for 5 years, your invested value would have been ₹ 60,000 and this amount would have now grown to ₹ 86,000.
Value Research Online rates this as 4 Star Fund and Crisil ranks this as Rank-5.
This is one of the pathetic performing multi cap fund. One should review before investing.
#6 – Reliance Focussed Large Cap Fund
This is large cap mutual fund scheme recommended by Cleartax indicating that it has given 18% annualized returns in the last 5 years. Earlier it was called as the Reliance Top 200 Fund.
Our view:
This fund gave 18% annualized returns in the last 5 years, 10% annualized returns in the last 3 years and 9% returns in the last 1 year.
If you have invested in this fund through SIP of ₹ 1,000 per month for 5 years, your invested value would have been ₹ 60,000 and this amount would have now grown to ₹ 86,000.
Value Research Online rates this as 4 Star Fund and Crisil ranks this as Rank-3.
While this fund has been performing well, its performance is poor in the last 3 months to 1 year. One needs to review before investing.
#7 – ICICI Prudential Equity and Debt Fund
This is a balanced mutual fund scheme recommended by Cleartax indicating that it has given 17% annualized returns in the last 5 years.
Our view:
This fund gave 17% annualized returns in the last 5 years, 11% annualized returns in the last 3 years and 7% returns in the last 1 year.
If you have invested in this fund through SIP of ₹ 1,000 per month for 5 years, your invested value would have been ₹ 60,000 and this amount would have now grown to ₹ 87,000.
Value Research Online rates this as 4 Star Fund and Crisil ranks this as Rank-3.
This is one of the best balanced mutual fund schemes to invest.
Also Read: 15 Best SIP Mutual Funds to invest in India now
#8 – SBI Blue Chip Fund
This is large cap mutual fund scheme recommended by Cleartax indicating that it has given 18% annualized returns in the last 5 years.
Our view:
This fund gave 18% annualized returns in the last 5 years, 11% annualized returns in the last 3 years and 9% returns in the last 1 year.
If you have invested in this fund through SIP of ₹ 1,000 per month for 5 years, your invested value would have been ₹ 60,000 and this amount would have now grown to ₹ 88,000.
Value Research Online rates this as 5 Star Fund and Crisil ranks this as Rank-3.
This is one of the better large cap mutual fund schemes to invest.
Conclusion: Investors have become clever. If you don’t like any of these funds while investing through Cleartax, you can just edit and delete them and invest in top performing mutual funds. It is as simple as that.
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Suresh
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Hello Suresh,
Can you please share your valuable feedback on my portfolio of mutual fund sip:
1) Aditya Birla Sun Life Small &Midcap Fund – Growth – Rs 1000/-
2) Aditya Birla Sun Life Tax Relief’96 Fund – Rs 2000/-
3) Kotak Select Focus – Growth – Rs 2000/-
4) Axis Multicap Fund – Growth – Rs 2500/-
5) HDFC Mid-Cap Opportunities Fund – Growth – Rs 5000/-
6) SBI Small Cap Fund Regular Growth – Rs 2500/-
Thank you.
Funds selected by you are good except for Axis multicap fund. This is 9 months old fund, hence we cannot judge how it has been behaving in various cycles.
Hello Suresh,
Thank you for the awesome article.
Can you please share your valuable feedback on my portfolio of mutual fund sip:
1) Frankin Higher Growth Companies Fund (direct) – 5000
2) Franklin Smaller Companies Fund (direct) – 5000
3) ICICI Balanced Fund (direct) – 5000
4) ICICI Focused Bluechip (direct) – 4000
5) Birla Sunlife Frontline Equity (direct) – 9000
6) Motilal Oswal Midcap 30 Fund – 3000
Thank you
Good funds Ankit. Stay invested in these funds
Thanks for your view on these 8 MF
I hold first 5 out of 8 MF
JayR
Great Jay
Suresh Very nice advice and good recommendations, keep it up
Thank you Vivek. Are you investing in any of these good mutual fund schemes?
Suresh,
Nice Article. My portfolio is
Kotak Select Focus: 1000K
HDFC Balanced: 1000
Reliacne Small: 1000
ABSL ELSS: 2000 for Tax Saving
IDFC ELSS: 2000
I want to add 1 mid cap in portfolio. Horizon is 10-15 year & Goal is create a good wealth. I am 32 year old. Which fund should i add?
Rohan, You have good funds in your mutual funds portfolio. You can add Mirae Emerging Bluechip fund or HDFC midcap fund in midcap segment.
Nice
Thank you Prakash
Hi Suresh,
Could you please advise which is the best short term fund to park money for 6 months.
I am getting a money (15 Lks) from site sale and want to park for very short term.
I need the money again after 6 months.
Thanks and Regards
KRR
Hi KRR, Since you need money for very short term, you can park your money in liquid mutual funds. You can refer this article for more info. https://myinvestmentideas.com/2018/04/top-10-liquid-mutual-funds-to-invest-in-2018-2019-in-india/