The markets have changed significantly since January 2018.
We saw what happened with small and mid-cap mutual funds.
And to add to that, SEBI brought in recategorization.
So what were the best mutual funds back in January 2018 might not be the best now – given that many don’t belong to the same category as before.
Some mid-cap funds were no longer mid-cap. They had become small-cap funds. Or even large and mid-cap funds. This recategorization is obviously a very rare occurrence.
So in that light, here is an updated list of the very best mutual funds to invest in 2018. These top mutual funds have been selected based on various factors like ratings, past performance, AUM size and so on.
So here is the list of the best funds for 2018: Groww 30.
ELSS funds are one of the best investment options for tax savings. They have a lock-in period of 3 years.
Large-cap funds are considered the least risky of all equity funds. They are the most stable among equity funds.
These funds give higher returns than large-cap funds and their risk is higher.
These are very high growth funds. They invest in small companies with big potential for growth. They havea higher risk than mid-cap funds.
These funds invest in companies of all sizes. Multi-cap funds are slightly riskier than large-cap funds but less risky than mid-cap funds.
Sector funds invest in a sector or industry only. They are therefore one of the highest return funds. The risk is also equally high.
Index funds invest in funds that are part of an index.
Debt funds are low-risk funds that invest bonds and other low-risk investment options.
Also known as hybrid funds, these funds invest in both equity and debt options. Their risk level is, therefore, more than debt funds but less than equity funds.
Gold funds are an excellent alternative to buying physical gold for investment purposes.