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5 Equity Mutual Funds To Invest Based On “5-Star” Ratings By Morningstar
Equity Mutual Funds have been on a roll for the last 1-year. Almost every large cap, small cap and midcap equity mutual fund has generated a decent return of 50% and above. Here are 5 mutual funds that are best for investors to buy. So, the one question that an investor would want to ask is: "on what parameters are they the best?"
Well, we have selected these from the ratings of Morningstar, but, have also factored in ratings of Value Research and CRISIL. These are known to be among the pioneers in mutual fund research and analysis. Here are 5 such highly rated mutual fund schemes:
Canara Robeco Bluechip Equity Fund
This is one fund that has been rated 5-star by Morningstar, CRISIL and Value Research, which makes it a good largecap equity mutual fund to buy in India. The fund is mandated to invest in large cap stocks and it has high ratings across. The assets under management of the fund is around Rs 2,888 crores, which is not great when compared to other peers, but, its performance, portfolio and ratings, make it a great investment bet.
A SIP started for Rs 10,000 3-years ago, would have helped create a corpus of Rs 5.13 lakhs. This means a sum of Rs 3.6 lakhs has helped create a corpus of Rs 5.13 lakhs. Investors looking to invest in Canara Robeco Bluechip Equity Fund can do so by way of a small SIP of Rs 1,000 each month.
Axis Blue Chip Fund
This equity mutual fund has been rated "5 star" by Value Research and Morningstar. Axis Blue Chip Fund has been a consistent performer and has often been accorded great faith by investors.
The 3-year returns from the fund is 15.44% on an annualized basis, while the 5-year returns has been 16.28% on an annualized basis. Top 10 stocks account for 66% of the fund's portfolio. HDFC Bank, Infosys, Bajaj Finance and TCS form a significant part of the holdings of Axis Blue Chip Fund. The fund has sizeable assets under management to the tune of Rs 27,000 crores. Under the SIP a sum for investment can be as small as Rs 500. One thing worth mentioning is that the Sensex is at 53,000 points, which is near record and hence investing lumpsum is dangerous.
BNP Paribas Large Cap Fund
Again, this fund has been rated by Morningstar as "5-star". This is a fund that largely invests in largecap funds. A Rs 1 lakh investment three years ago, would have fetched Rs 1.5 lakhs today. The net asset value under the growth plans is Rs 126.22.
The 5-year returns from the fund has been close to 13% on an annualized basis, which is not bad at all. Unlike Axis Blue Chip Fund, the size of assets under management is rather small at around Rs 1,047 crores. BNP Paribas Large Cap Fund has invested 96.5% in equities and the remaining are held in cash and cash equivalents.
The holdings of the fund include in stocks like ICICI Bank, HDFC Bank, Reliance Industries and Axis Bank among others.
Invesco India Midcap Fund
This is a midcap fund, which means a warning to investors that should the benchmark indices fall, NAV could fall faster and should indices climb, returns could be superior than the index gains.
The fund has an exception run in the last 1-year, giving a returns of 66%, while the 3-year annualized returns has been 18%. The 5-year returns has been around that 17% mark.
Invesco India Midcap Fund has invested almost 96% in equities and the remaining in cash and cash equivalents. Most of the funds are invested in midcap equities including names like Vinati Organics, Endurance Technologies, Gland Pharma, Mphasis etc.
The current NAV under the growth plan is Rs 78.04.
Mirae Largecap Fund
This is a fund that has been rated by "5 star" by both CRISIL and Morningstar and hence making it is an excellent mutual fund to buy at the current levels for long term investors. Those looking to buy into this fund can do as at the current NAV of around Rs 71.
This is a large cap equity mutual fund scheme, which means there is less volatility, though risk remains as always for equities.
A sum of Rs 1 lakh invested three years ago, would have resulted in a present value of Rs 1.53 lakhs, which is not bad at all. Mirae Largecap Fund has sizeable assets under management of Rs 25,721 crores, which is not bad at all.
Disclaimer
Investing in mutual funds is risky and investors should understand the risk. Greynium Information Technologies and the author do not take any responsibility for losses incurred based on the decisions in the article. The article is meant for informational purposes only.
