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Home /  Money /  10 profitable mutual funds to invest in to become rich fast in India

10 profitable mutual funds to

invest in to become rich fast
in India
These mutual funds have consistently provided superlative returns and do
stand out as better investment choices.
By: Sanjeev Sinha | Published: November 23, 2017 11:05 AM

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Invest in well-diversified funds and based on your risk appetite pick a fund that matches your investment
return needs.

Mutual funds are the safest way to get exposure to the equity markets. Inherently they are
designed to be diversified and are managed by a team of professionals. Therefore, market
risk is better managed. There are several types of mutual funds such as equity oriented,
debt oriented, balanced or hybrid mutual funds, ELSS, to name a few.

“It is advisable not to approach mutual funds to double one’s money, rather invest in well-
diversified funds and based on one’s risk appetite pick a fund that matches your
investment return needs. Long-term mutual funds have historically provided 12% to 15%
per annum return, which would approximately mean that if money is invested now in one
 of these funds at 15% annual return rate, the initial investment kitty would double in size
after a few years,” says Rahul Agarwal, Director, Wealth Discovery.

Below is a list of mutual funds which have consistently provided superlative returns and
do stand out as better investment choices. The time horizon that is recommended for these
funds is between 5 and 7 years. “Some of the schemes do consist mid cap and small cap
funds which are more riskier than their counterparts. However, the risk reward is
attractive and they are ideal candidates for a portfolio of diversified mutual funds,” says
Agarwal.

Scheme Category NAV Asset Size Returns (In

(in cr.) %)

1yr 3yr

Birla Sun Life Top 100 Fund Large Cap 57.486 2,480.75 28.4 11.2
Fund

SBI BlueChip Fund Large Cap 37.758 11,360.65 27.0 13.0

Fund

Birla Sun Life Frontline Equity Large Cap 216.710 14,203.54 27.8 11.3
Fund Fund

HDFC Balanced Fund Balanced Fund 148.365 12,231.78 24.1 13.1

Birla Sun Life Advantage Fund Diversified 436.250 3,664.77 35.8 17.7
Fund

SBI Magnum Multicap Fund Diversified 46.876 2,269.99 32.3 16.2

Equity

DSPBR Small and Midcap Fund Small and 55.490 3,928.84 33.6 18.5
 
Midcap Fund

Franklin India Smaller Small and 59.387 4,898.91 35.0 19.3

Companies Fund Midcap Fund

Mirae Asset Emerging Bluechip Small and 50.580 3,669.34 41.7 23.9
 Fund MidCap Fund

HDFC Midcap Opportunities Small and 57.251 15,512.00 32.6 18.2

Fund MidCap Fund

(These mutual funds have been recommended by Rahul Agarwal, Director, Wealth
Discovery. Although due care has been exercised by them while selecting these funds,
readers are advised to consult their financial adviser before investing in any of these
funds)

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