Mutual Fund Schemes have performed well in the last few years and in particular the last three years.
Since long term is construed as more than 3 years, we have studied mutual funds that have generated good returns over the last three years. These are equity mutual fund schemes that have given average returns of more than 15 per cent in the last 3 years.
SBI Blue Chip Fund
SBI Blue Chip Fund is the pick of the lot with returns that are almost 20 per cent every year, in the last three years.
The portfolio of the fund has solid blue chip large cap stocks including the likes of HDFC Bank, Reliance Industries, Infosys and Sun Pharma which together account for almost 20 per cent of the portfolio.
You can invest in the fund with a small SIP of Rs 500 every month.
Birla Sun Life Top 100
Birla Sun Life Top 100, like SBI Blue Chip Fund is another solid performer, though its returns are lesser. The Fund has generated average returns of 17.80 per cent per years (averaging the last three years).
HDFC Bank, Infosys, Reliance Industries and ITC form the top 4 holdings of the fund.
The assets under management at the fund is almost Rs 1800 crores.
J P Morgan India Fund
J P Morgan India Fund is another large cap equity fund that has generated more than 15 per cent returns every year in the last three years.
There is an exit load of 1 per cent, if you withdraw money from this mutual fund scheme before 1 year.
Among the top holdings of the fund include HDFC Bank, Infosys, ICICI Bank and IndusInd Bank.
Invesco India Growth Fund
Invesco India Growth Fund has a 5-star rating from Value Research Online. The fund has an exceptional three year performance with returns of near 18 per cent.
Again, stocks in its portfolio include bluechip names like Infosys, TCS and HDFC Bank.
You can invest in the scheme with a minimum SIP of Rs 500.
Reliance Top 200 Fund
Reliance Top 200 Fund is a large cap fund, with returns in excess of 16 per cent in the last three years. The Fund has assets under management of Rs 2000 crores.
The expense ratio at 2.09 per cent is pretty decent. The net asset value of the fund is Rs 22.15 under the growth plan.
Quantum Long Term Equity Fund
With a 5-year returns of 16.25 per cent, Quantum is among the large caps equity funds that has generated good returns in the past three years. The expense ratio is just 1.25 per cent and the assets under management is just under Rs 500 crores.
Portfolio includes bluechips like Bajaj Auto, Infosys and Hero Motor Corp.
SBI Magnum Equity Fund
SBI Magnum Equity Fund has generated returns of slightly under 15 per cent.
The fund has given good returns thanks to blue ship stocks like HDFC Bank and Infosys.The NAV of the Fund is Rs 73.63 under the growth scheme.
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