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.

Funds for Long Term

Scripbox recommends 4 funds for the long term. These funds are:

  1. SBI Bluechip Fund
  2. L&T India Value Fund
  3. Mirae Asset India Opportunities Fund
  4. Reliance Vision Fund

Let us look into these funds individually.

SBI Bluechip Fund

SBI Bluechip Fund is a large-cap fund. Large-cap funds are ideal for investing for more than 4 years.

Category Large-cap
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.

L&T India Value Fund

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.

Category Mid-cap
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.

Mirae Asset India Opportunities Fund

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.

Category Large-cap
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.

Reliance Vision 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.

Category Large-cap
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.

  1. Axis Long Term Equity Fund
  2. DSP BlackRock Tax Saver

Let’s look at these funds in greater details.

Axis Long Term Equity Fund 

This ELSS fund is rated a 3-star on Groww. It has given a return of 23.6% over 5 years.

Category ELSS
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.

DSP BlackRock Tax Saver Fund 

This is a 4-star rated fund on Groww – which means you can explore investing in this fund.

Category ELSS
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:

  1. Aditya Birla SL Dynamic Bond Fund
  2. Axis Liquid Fund
  3. SBI Ultra Short Term Debt Fund

Aditya Birla SL Dynamic Bond 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.

Category Debt
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

Axis liquid fund is a liquid fund, as the name suggests. Liquid funds are ideal for beating the returns given by savings bank accounts.

Category Liquid
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%.

This fund is a mentioned on our Groww top debt funds for 2018 list.

SBI Ultra Short Term Debt Fund

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.

Category Ultra-Short
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.

 

Conclusion

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. 

Happy investing!

Disclaimer: The views expressed in this article are that of Author and are not that of Groww.