A mutual fund is an investment scheme overseen by professionals and typically administered by an asset management company. The primary function of the company is to gather funds from individuals, also known as investors, and allocate these funds towards investments in stocks, bonds, and other securities. In this context, we will explore the top mutual funds for the year 2023.
When you invest in a mutual fund, you are essentially buying units or shares of the fund. The value of these shares is based on the net asset value (NAV) of the mutual fund, which is calculated by dividing the total value of the fund’s assets by the number of shares outstanding.
Here we’re going to discuss top mutual funds for 2023.
HDFC Index S&P BSE Sensex Fun | Large Cap – Direct Growth Plan
The fund offers a favorable expense ratio while providing extensive market exposure
Returns
| 1 Year | 3 Years | 5 Years | |
| HDFC Index S&P BSE Sensex Fund | 2.62% | 15.24% | 13.59% |
| Category Average | 0.41% | 15.16% | 11.09% |
Fund Details
| AUM (Till Nov-2022) | 4100 Cr |
| Launch Date | 01/01/2013 |
| Returns since launch | 13.39% |
| Trailing Returns (1 Year) | 1.48% |
| Expense Ratio | 0.20% |
| Risk | Moderately High |
| Minimum Investment | Rs – 100 |
Parag Parikh Tax Saver | Fund ELSS – Direct Growth Plan
Parag Parikh has almost the same number of domestic stocks in its tax saver fund and Flexi cap fund except international stocks. The fund manager demonstrates a high level of confidence in their investment choices, offering not only tax-saving benefits but also potential growth in ELSS (Equity Linked Savings Scheme). However, if you already have its Flexi cap fund, consider the overlap before investing in this ELSS
Returns
| 1 Year | 3 Years | 5 Years | |
| Parag Parikh tax Saver fund | 9.17% | 23.44% | NA |
| Category Average | 1.55% | 17.86% | NA |
Fund Details
| AUM (Till Nov-2022) | 848 Cr |
| Launch Date | 24/06/2019 |
| Returns since launch | 25.68% |
| Trailing Returns (1 Year) | 8.73% |
| Expense Ratio | 0.84% |
| Risk | Moderate |
| Minimum Investment | Rs – 500 |
Mirae Asset Tax Saver Fund | ELSS – Direct Growth Plan
The fund’s expense ratio is very low. The dual purpose of the fund is tax saving and wealth creation for long term.
Returns
| 1 Year | 3 Years | 5 Years | |
| Mirae Asset tax Saver fund | -2.33% | 18.91% | 14.20% |
| Category Average | 1.55% | 17.86% | 9.50% |
Fund Details
| AUM (Till Nov-2022) | 13546 Cr |
| Launch Date | 28/12/2015 |
| Returns since launch | 19.85% |
| Trailing Returns (1 Year) | -2.98% |
| Expense Ratio | 0.50% |
| Risk | Moderate |
| Minimum Investment | Rs – 500 |
Axis Long-Term Equity Fund | ELSS – Direct Growth Plan
The fund focuses on investing in companies with low levels of debt, strong return on investment, and promising future prospects. The fund manager seeks out profitable businesses with solid balance sheets, aiming to deliver stable results while minimizing volatility.
Returns
| 1 Year | 3 Years | 5 Years | |
| Axis Long Term Equity fund | -11.34% | 10.93% | 11.01% |
| Category Average | 1.55% | 17.86% | 9.50% |
Fund Details
| AUM (Till Nov-2022) | 31268.51 Cr |
| Launch Date | 01/01/2013 |
| Returns since launch | 17.62% |
| Trailing Returns (1 Year) | -13.41% |
| Expense Ratio | 0.77% |
| Risk | Moderate |
| Minimum Investment | Rs – 500 |
Kotak Equity Opportunities Fund | Large And Midcap – Direct Growth Plan
Despite investing in mid-cap companies, which typically carry moderate to high risk, the Kotak Equity Opportunities fund has exhibited lower volatility compared to its counterparts. This makes it an attractive investment option for individuals seeking a less volatile scheme.
Returns
| 1 Year | 3 Years | 5 Years | |
| Kotak Equity Opportunities fund | 6.18% | 19.29% | 12.70% |
| Category Average | 0.12% | 16.62% | 8.87% |
Fund Details
| AUM (Till Nov-2022) | 11370 Cr |
| Launch Date | 01/01/2013 |
| Returns since launch | 16.75% |
| Trailing Returns (1 Year) | 5.20% |
| Expense Ratio | 0.59% |
| Risk | Moderate |
| Minimum Investment | Rs – 5000 |
Axis Small Cap fund | Small Cap – Direct Growth Plan
When selecting stocks, the fund manager prefers companies with a robust promoter pedigree and strong balance sheets. The fund’s value-oriented approach has enabled it to effectively mitigate downsides and potential risks.
Returns
| 1 Year | 3 Years | 5 Years | |
| Axis Small Cap fund | 6.41% | 26.50% | 18.53% |
| Category Average | 2.75% | 28.80% | 11.37% |
Fund Details
| AUM (Till Nov-2022) | 10992 Cr |
| Launch Date | 29/11/2013 |
| Returns since launch | 24.63% |
| Trailing Returns (1 Year) | 5.20% |
| Expense Ratio | 0.52% |
| Risk | Very High |
| Minimum Investment | Rs – 500 |
SBI Small Cap Fund | Small Cap – Direct Growth Plan
In comparison to the broader small-cap market, the Fund has demonstrated superior downside management compared to the average fund. Additionally, the fund’s low portfolio turnover ratio suggests that its stock picks, conviction, analysis, and buy-and-hold strategy have been effective in generating positive results.
Returns
| 1 Year | 3 Years | 5 Years | |
| SBI Small Cap Fund | 10.03% | 29.18% | 16.18% |
| Category Average | 2.75% | 28.80% | 11.37% |
Fund Details
| AUM (Till Nov-2022) | 14869 Cr |
| Launch Date | 01/01/2013 |
| Returns since launch | 26.36% |
| Trailing Returns (1 Year) | 8.33% |
| Expense Ratio | 0.71% |
| Risk | Very High |
| Minimum Investment | Rs – 5000 |
Parag Parikh Flexi Cap Fund | Flexi Cap – Direct Growth Plan
The fund has achieved remarkable returns and is considered one of the top-performing funds in its category. It follows a conservative investment philosophy, which has been well-received by investors. However, its performance has been adversely affected by the global economic slowdown. Despite having international exposure, the fund hasn’t been able to capitalize on the decline in global stock prices. Additionally, it has faced challenges due to SEBI’s overseas exposure limit, resulting in a negative impact on its performance.
Returns
| 1 Year | 3 Years | 5 Years | |
| Parag Parikh Flexi Cap Fund | -5.15% | 22.00% | 16.03% |
| Category Average | -0.89% | 14.99% | 8.96% |
Fund Details
| AUM (Till Nov-2022) | 27712 Cr |
| Launch Date | 28/05/2013 |
| Returns since launch | 18.92% |
| Trailing Returns (1 Year) | -6.77% |
| Expense Ratio | 0.78% |
| Risk | Moderately High |
| Minimum Investment | Rs – 1000 |
Mirae Asset NYSE Fang+ ETF | International – Direct Growth Plan
This fund provides access to some of the world’s leading tech companies, which are anticipated to experience substantial growth in the coming years. Investing in this fund can serve as an opportunity to ride the wave of this rapidly expanding tech sector. While global shocks have affected all overseas funds, it is expected that these impacts will gradually reverse. Consequently, our assessment of the fund remains unchanged, as we believe in its long-term potential despite short-term challenges.
Returns
| 1 Year | 3 Years | 5 Years | |
| Mirae asset NYSE Fang+ ETF | -18.18% | NA | NA |
| Category Average | NA | NA | NA |
Fund Details
| AUM (Till Nov-2022) | 995 Cr |
| Launch Date | 06/05/2021 |
| Returns since launch | -18.00% |
| Trailing Returns (1 Year) | -36.32% |
| Expense Ratio | 0.69% |
| Risk | Very High |
| Minimum Investment | Rs – 5000 |
