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There are a plethora of mutual fund schemes available in the market. Unsurprisingly, it can get difficult for investors to zero in on the funds that suit their interest best. Hence, we have taken rigorous efforts to shortlist top-performing funds across categories every year. This helps with performance comparison. In this article, we will discuss about best mutual funds in 2017.

  1. Best large-cap equity funds in 2017
  2. Top multi-cap equity funds in 2017
  3. Best mid-cap and small-cap equity funds
  4. Top-performing debt income funds in 2017
  5. Best-performing debt dynamic bonds in 2017
  6. Top debt income funds in 2017
  7. Best balanced funds in 2017

 

1. Best equity large-cap funds in 2017

With the economy booming and the Sensex crossing new heights almost every month, many new investors are getting attracted towards equity. For instance, investing directly in equities can be a risky proposition. So, first-time investors should choose equity mutual funds with caution. Nevertheless, the potential for returns are as high as it is risky, presenting great opportunities for long-term wealth creation.

Large-cap equity mutual funds are schemes in which the fund house invests money in well-established companies with large market capitalization. They have proven track record for stable returns, and are comparatively less prone to massive changes. However, they could be outperformed by mid- and small-cap funds.

Fund

1-year returns 

Category returns 

Reliance Vision 25.88% 20.92%
Mirae Asset India Opportunities 26.36% 20.92%
ICICI Prudential Focused Bluechip 24.48% 20.92%

Returns as on 1 November 2017

2. Top multi-cap equity funds in 2017

Multi-cap mutual funds are diversified across market capitalization and invest in companies across equity markets. The fund manager has the liberty to change the portfolio based on the market conditions. Here, while the gains during market highs can be really higher, the losses during market fall are tend to be lesser. 

Fund

1-year returns 

Category returns 

DSP BlackRock Opportunities   23.82% 22.90%
Aditya Birla Sun Life Advantage 23.05% 22.90%
SBI Magnum Multicap 22.45% 22.90%

Returns as on 1 November 2017

 

3. Best equity mid-cap and small-cap funds in 2017

Mid-cap mutual funds invest in companies that are termed as mid- and small-cap companies. The mix of investment between the companies varies from fund to fund. Therefore, the potential for return on investments is quite high as are the risks involved.

Fund

1-year returns 

Category returns 

Aditya Birla Sun Life Pure Value 33.24% 22.63%
SBI Small and Midcap 32.78% 22.63%
Mirae Asset Emerging Bluechip 28.21% 22.63%

Returns  as on 1 November 2017

4. Best debt income funds in 2017

Income mutual funds are meant for long-term debt investors. Macroeconomic factors like interest rate, inflation, liquidity, and government policies have a strong influence on income funds.

Fund

1-year returns

Category returns

SBI Regular Savings 10.20% 7.04%
Axis Regular Savings 8.37% 7.04%
HDFC Medium Term Opportunities 7.83% 7.04%

Returns as on 1 November 2017

 

5. Best debt dynamic bonds in 2017

Dynamic bond funds follow a flexible investment strategy, opening up the possibility of comparatively higher returns. The fund management team will change the investment strategy from short- or long-term based on their views and expectations of the interest rate scenario as well as the economy on the whole.

Fund

1-year returns

Category returns

ICICI Prudential Long Term 8.37% 6.45%
SBI Dynamic Bond 8.17% 6.45%
ICICI Prudential Dynamic Bond 6.96% 6.45%

Returns as on 1 November 2017

 

6. Top short-term debt funds in 2017

As the name suggests, the target for these debt funds is short-term, which is usually up to three years. These funds invest in debt instruments with maturity of up to three years. It is ideal for investors with moderate risk tolerance. It can deliver comparatively better returns than other fixed income instruments. 

Fund

1-year returns

Category returns

Aditya Birla Sun Life Short Term 7.84% 7.56%
HDFC Regular Savings 7.62% 7.56%
HDFC Short Term Opportunities 7.55% 7.56%

Returns as on 1 November 2017

 

7. Top balanced funds in 2017

This category of funds invest in equity as well as debt. At least 65% of their portfolio is invested in equities. This allows investors to enjoy the long-term taxation benefits on equity funds. Hence, balanced or hybrid funds are ideal for investors who looking for long-term growth with mitigated risks.

Fund

1-year returns

Category returns

Reliance Regular Savings – Balanced 21.54% 15.61%
ICICI Prudential Balanced 20.35% 15.61%
HDFC Balanced 19.32% 15.61%

Returns as on 1 November 2017

These are some of the top-performing mutual funds of 2017. You can use this as one of the metrics to analyze a mutual fund. However, do remember that past performance is not an indicator of future returns. Just because a fund performed well in a certain market cycle doesn’t mean that it will always generate impressive returns. Other qualitative and quantitative metrics too should be considered.

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