5 Best Equity Mutual Fund SIPs For 2023 Rated No 1 By Crisil

Systematic Investment Plans are increasingly gaining popularity and SIP inflows into mutual funds continues to remain above the Rs 13,000 crores mark. Here are a list of 5 best mutual fund schemes, to consider for 2023 based on No 1 ratings by Crisil.

SBI Contra Fund

The SBI Contra Fund has been rated no 1 Crisil. The investment strategy that the fund adopts is largely to provide investors with an opportunity of long-term capital appreciation by investing in a diversified portfolio of equity and equity related securities following a contrarian investment strategy. The fund has generated an annualized returns of 31.85% over the last 3-years. This kind of returns is simply fantastic. ICICI Bank, HDFC Bank and Axis Bank are among the top holdings of the SBI Contra Fund. This is a high risk investment, as a large amount of the funds are placed in equities.

Quant Small cap Fund

This Fund too has been rated No 1 by Crisil. The primary investment objective of the scheme is to seek to generate capital appreciation & provide long-term growth opportunities by investing in a portfolio of Small Cap companies. There is no assurance that the investment objective of the Scheme will be realized. The fund has given a 3-year annualized returns of almost 56%, which is very good. I's important to remember since a large amount of assets under management is earmarked for small caps, returns from the fund can be highly volatile.

Franklin India Flexi Cap Fund

This too has been rated No 1 by crisil. Being a flexi cap the risk from Franklin India Flexi Cap Fund is slightly less, as the fund provide growth of capital plus regular dividend through investment in equities, fixed income securities and money market instruments. The fund has generated a good returns of 21% on an annualized basis over the last 3-years. The fund's major holdings are in stocks like ICICI Bank, HDFC Bank, Axis Bank, Bharti Airtel and Infosys. About 66% of the investments is in large cap holdings.

 

SBI Large & Midcap Fund

If you are looking at a combination of both large and midcap funds, this is not a bad option. The fund has been rated No 1 by Crisil in its category. The fund provides investor with the opportunity of long-term capital appreciation by investing in diversified portfolio comprising predominantly large cap and mid cap companies. The 3-year annualized returns from the fund is 22%, while the 5-year returns from the fund is 13.47% on an annualized basis.

 

Parag Parikh Tax Saver Fund

This is an Equity Linked Savings Scheme, where tax deduction under Sec80c of the Income Tax is available. The fund has given an annualized returns of 24% over the last 3-years. Parag Parikh Tax Saver Fund has exposure to stocks like HDFC, Bajaj Holdings, ITC etc. The equity holdings of the fund is as large as 84%. Here again the fund has been rated No 1 by Crisil.

Disclaimer

Mutual fund investments are subject to market risk. The above-mentioned information is purely informational and doesn't guarantee any return. Greynium Information Technologies and the Author are not liable for any losses caused as a result of a decision based on the article.