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.

30 Best Mutual Funds To Invest In 2018

Best Tax Saving ELSS Funds

ELSS funds are one of the best investment options for tax savings. They have a lock-in period of 3 years.

  1. Aditya Birla Sun Life Tax Relief 96
  2. DSP BlackRock Tax Saver 
  3. IDFC Tax Advantage (ELSS) Fund

Read more about these tax savings funds.

Best Large-Cap Funds

Large-cap funds are considered the least risky of all equity funds. They are the most stable among equity funds.

  1. SBI Bluechip Fund
  2. Mirae Asset India Opportunities Fund
  3. Reliance Top 200 Fund

Know more details about these 3 large cap funds.

Best Mid-Cap Funds

These funds give higher returns than large-cap funds and their risk is higher.

  1. Aditya Birla Sun Life Small & Midcap Fund
  2. L&T Midcap Fund
  3. Invest in Kotak Emerging Equity Scheme Now

Read details about these top mid cap funds.

Best Small-Cap Funds

These are very high growth funds. They invest in small companies with big potential for growth. They havea higher risk than mid-cap funds.

  1. L&T Emerging Businesses Fund
  2. HDFC Small Cap Fund

Get to know more details about these small cap funds.

Best Multi-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.

  1. Motilal Oswal MOSt Focused Multicap 35 Fund
  2. Aditya Birla Sun Life Equity Fund
  3. SBI Magnum Multi Cap Fund

Know about these multi-cap funds in more detail here. 

Best Sector 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.

  1. UTI Transportation and Logistics Fund
  2. Aditya Birla Sun Life Banking and Financial Services Fund
  3. Sundaram Rural India Fund
  4. L&T Infrastructure Fund

Read about these funds in more details here. 

Best Index Funds

Index funds invest in funds that are part of an index.

  1. ICICI Prudential Nifty Next 50 Index Fund
  2. UTI Nifty Fund

Best Debt Funds

Debt funds are low-risk funds that invest bonds and other low-risk investment options.

  1. Axis Liquid Fund
  2. Indiabulls Liquid Fund – Growth
  3. L&T Short Term Income Fund
  4. Franklin India Low Duration Fund – Growth
  5. ICICI Prudential Long Term Plan

Here is a detailed analysis of these debt funds. 

Best Balanced Funds

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.

  1. ICICI Prudential Balanced Advantage Fund
  2. HDFC Balanced Fund 
  3. Aditya Birla Sun Life Balanced 95
  4. Reliance Regular Savings Fund – Balanced

Know more about these balanced funds’ performance here. 

Best Gold Fund

Gold funds are an excellent alternative to buying physical gold for investment purposes.

SBI Gold Fund – Growth

Happy Investing!