10 Lesser-Known Mutual Funds That Can Make You Rich
- 3m0•
- 17 Apr 2023
Are you thinking about how to choose a mutual fund scheme or how to buy and sell mutual fund units? You may have wondered why only a few mutual funds catch people’s fancy. It often comes down to heavy advertising. But there are also mutual funds that give a solid performance minus the marketing hoopla. Here’s a look at 10 underrated performers.
1. Indiabulls Bluechip Fund:
Launched in 2012, the fund has generated 10.79% returns for investors. The fund invests in stocks of big companies and excelled in its fifth year with returns of 14.8%.
2. Kotak Emerging Equity Scheme:
Launched in 2013, the fund largely invests in mid-caps. The fund is doing exceedingly well of late, generating 25.6% returns in its fifth year.
3. Invesco India Mid-Cap Fund:
The fund has been around since 2007. Although returns during the full term are still negative, it fetched 23.8% returns in the fifth year.
4. Sundaram Mid Cap-Direct-Growth:
invests in mid-caps. In the fifth year since its launch in January 2013, the fund generated 23.8% returns.
5. L&T Emerging Business Fund:
Launched in 2014, the small-cap fund gave 17.5% returns in its third year.
6. Parag Parikh Long Term Equity Fund:
This five-year-old fund invests in multi-caps. It has given 17.36% returns to investors since its launch.
7. Motilal Oswal Long Term Equity Fund:
The tax-saving fund has excelled in the long term with returns of 15.5% since its launch in 2000.
8. Principal Hybrid Equity Fund:
This hybrid and aggressive fund has beaten the benchmark index consistently since its launch in 2000 with returns of 11.25%.
9. Tata Liquid Fund:
With an asset size of Rs 20,893 crore, the new fund has been rock-solid with returns of 8.17%.
10. DSP Bond Fund:
The debt fund generated 8.11% to outperform the benchmark since its launch in 1997.
Indeed, some funds continue to perform well quietly in the background. It is time you looked at them.