Everyone suggests us to invest in SIP or systematic mode for a better future. But only a few know the best mutual fund in India 2019 for SIP. The main reason behind this is because there are over 350+ decent mutual funds in India. And all these mutual funds differ from one another in their investment and return mode.
Another point which needs consideration is the mode of investment. Every mutual cannot be suggested as an investment instrument in SIP mode. There are some in which one has to wait for the right day to invest under lump-sum mode.
So here we are compiling list of some best mutual funds in India. Remember, that there is an extensive research behind ranking them. Factors like volatility, exposure, diversification, risk, past returns and investment quality have been considered.
List of Best Mutual fund in India 2019 for SIP
|Rank||Fund Name||1 Year Return||3 Year Return||5 Year Return|
|1||SBI Bluechip Fund||-3.95%||20.97%||55.79%|
|2||ICICI Prudential Nifty Index Fund||-1.67%||29.65%||46.37%|
|3||HDFC Top 100 Fund||3.24%||33.73%||55.56%|
|4||UTI Nifty Index Fund||-1.08%||32.36%||50.64%|
|5||Reliance Index Fund-Nifty Plan||-1.90%||28.68%||44.59%|
|6||ICICI Prudential Bluechip Fund||-2.11%||28.70%||59.48%|
|7||Reliance Large Cap Fund||-0.24%||33.78%||68.87%|
|8||Mirae Asset Emerging Bluechip Fund||2.07%||44.18%||133.79%|
|9||SBI Focused Equity Fund||2.03%||35.67%||82.86%|
|10||SBI Equity Hybrid Fund||4.30%||29.68%||71.76%|
In the above list, an obvious question can be following.
Why fund with higher return has lower ranking?
The reason behind this is firstly, past returns do not guarantee future returns. And, the risk measures is also factored in. For example, if a fund has done decently in last 5 years, then its not a big accomplishment. This is because the market has done fairly well over this tenure.
Similarly, the exposure to various instruments such as bonds, their ratings etc have also been accounted into. We hope that this list helps you make better investment decision.