Scripbox has recommended various funds for investing in 2018.
In this article, we will do a quick review of funds recommended by Scripbox. Also, do check out the much bigger list of 30 funds featured on Groww – Grow 30 – List of Funds to Invest in 2018.
In this article
Funds for Long Term
Scripbox recommends 4 funds for the long term. These funds are:
- SBI Bluechip Fund
- L&T India Value Fund
- Mirae Asset India Opportunities Fund
- Reliance Vision Fund
Let us look into these funds individually.
SBI Bluechip Fund is a large-cap fund. Large-cap funds are ideal for investing for more than 4 years.
|1 Year Returns||26.36%|
|5 Year Returns||18.42%|
This is one of the best large-cap funds in the market today. It is also listed on Groww’s best large-cap funds to invest in 2018.
This is a mid-cap fund which ideal for investing for more than 5 years. It has given returns in excess of 26% per annum over the last 5 years.
|1 Year Returns||34.39%|
|5 Year Returns||26.17%|
If you check the top recommended mid-cap funds by Groww, this fund is not mentioned. It is present in the extra bonus list though. According to Groww, these are the 3 best mid-cap funds to invest in 2018.
This is a large-cap fund like SBI Bluechip. Similarly, the ideal investment period for such a fund is more than 4 years.
It has given returns in excess of 36% in the last 1 year.
|1 Year Returns||36.07%|
|5 Year Returns||14.94%|
In the large-cap category, Groww recommends this fund too. You can see on our list of best large-cap funds, it is mentioned along with SBI Bluechip Fund.
This is another large-cap fund on the list of Scripbox recommended funds for 2018. This doesn’t feature on Groww’s list of recommended top large-cap funds.
|1 Year Returns||36.42%|
|5 Year Returns||18.25%|
Reliance Vision Fund has given a return of over 18% per annum over the last 5 years.
In this list of 4 funds for the long term, 3 are large-cap funds and only 1 is a mid-cap fund.
There is no mention of any small-cap fund or multi-cap fund which is surprising given how well funds from those categories have been performing.
If you want to invest for more than 5 years, you can explore investing in the best multi-cap funds in 2018. They have given returns that are slightly higher than large-cap funds.
On the other hand, if you can invest for further long-term, you should definitely check out the best small-cap funds to invest in for 2018. Small-cap funds have performed exceptionally well in the past few years given returns in excess of 50% over the last 1 year.
Funds for Tax Saving
Scripbox recommends the following 2 ELSS funds for tax saving.
- Axis Long Term Equity Fund
- DSP BlackRock Tax Saver
Let’s look at these funds in greater details.
This ELSS fund is rated a 3-star on Groww. It has given a return of 23.6% over 5 years.
|1 Year Returns||34.52%|
|5 Year Returns||23.6%|
With a Groww rating of 3-stars, investing in this fund doesn’t seem like a very good decision. The AUM of the fund is too high and as AUM gets high, it becomes difficult for a fund to generate high returns.
This is a 4-star rated fund on Groww – which means you can explore investing in this fund.
|1 Year Returns||29.18%|
|5 Year Returns||20.92%|
It gave returns in excess of 20% over the last 5 years which is pretty. However, there are funds that have performed better.
It would be better to invest in a combination of ELSS funds that are rated 5-stars instead – although every person’s expectations are different – so you must choose the funds you invest in carefully.
Check out this list of top ELSS funds to invest in 2018.
Funds for Short-Term
For the short-term, Scripbox recommends the following funds:
- Aditya Birla SL Dynamic Bond Fund
- Axis Liquid Fund
- SBI Ultra Short Term Debt Fund
This fund is a dynamic debt fund. It is a 3-star rated fund on Groww which is a bit low for a fund to start investing in.
|1 Year Returns||0.89%|
|5 Year Returns||8.68%|
In the last 1 year, this fund has given only 0.89% returns which is very poor. There are several other debt funds that have performed much better.
Axis liquid fund is a liquid fund, as the name suggests. Liquid funds are ideal for beating the returns given by savings bank accounts.
|1 Year Returns||6.7%|
|5 Year Returns||8.17%|
Despite being a liquid fund, this fund has managed to give return higher than some FDs in the last 1 year and over the last 5 years, it has given a very good, 8.17%.
SBI’s ultra short-term fund is rated at 3 stars on Groww. If you follow the ratings, there are better ultra-short term debt funds you can invest in.
|1 Year Returns||6.5%|
|5 Year Returns||8.29%|
This fund’s 1 year returns aren’t very high when compared to other funds in this category.
You can explore this list of best debt funds to invest in 2018 for better-rated options.
I just reviewed the funds recommended by Scripbox for 2018.
You can check out the full list of funds recommended by Groww here: Groww 30 – Best Funds to Invest in 2018.
Disclaimer: The views expressed in this article are that of Author and are not that of Groww.