5 SIPs To Invest For October 2021 That Are Rated “No 1” By CRISIL

Even as the month begins and a huge advertisement Blitzkrieg by the Association of Mutual Funds In India, it maybe time to look at Systematic Investment Plans or SIPs. We are hereby highlighting 5 mutual funds, which are rated No 1 by Crisil.

Be cautious when investing

Though individuals are investing in SIPs, it is time to be very cautious. The Sensex at 60,000 points is overvalued and even those looking at SIPs, may want to invest smaller lots. In case the markets fall, it maybe more prudent to increase your Systematic Investment Plans, if you are investing in equity mutual funds. At the moment we are suggesting investors, to look for hybrid funds, which allows the fund manager to invest in bonds as well as equities and thus hedge their risk.

Mutual funds that are rated No 1 by CRISIL

Here is a list of mutual funds that are rated as No 1 by CRISIL, in their respective categories.

Name	Category	1-year returns	3-year returns
BOI AXA Mid & Small Cap Equity & Debt Fund	Hybrid	78.26%	15.62%
PGIM India Flexi Cap Fund	Flexi Cap	68.98%	23.47%
Canara Robeco Bluechip Equity Fund	Largecap	47.14%	17.14%
IDBI India Top 100 Equity Fund	Largecap	51.69%	14.53%
Franklin India Bluechip Fund	Largecap	46.70%	12.27%

Why we are recommending only the above 5?

To begin with given where the stock markets are we believe that spectacular returns as in the last 1-year is out of the question. We are hence recommending only the hybrid, flexi and largecap mutual funds. In fact, we do not even like flexi cap mutual funds, given that they would have exposure to small and midcap stocks as well.

At the moment we are recommending only hybrid funds, where the fund manager has the flexibility to switch between debt and equity. We will be covering Hybrid mutual fund SIPs in a separate article. We also urge investors to start switching to debt mutual funds, given the way markets have rallied in the last 1-year. I mean, it may also be time to protect your capital, if not entirely than partially at the very least.

Disclaimer:

Investing in mutual funds poses a risk of financial losses. Investors must therefore exercise due caution. Greynium Information Technologies and the author are not liable for any losses caused as a result of decisions based on the article. The above article is for informational purposes only and investors should exercise some discretion.