10 Lesser-Known Mutual Funds That Can Make You Rich

Mutual funds offer a wide range of investment options, but some lesser-known funds may offer unique opportunities for growth. These 10 mutual funds are worth considering for investors looking to diversify their portfolios and potentially generate strong returns over time. However, it's important to conduct thorough research and consult with a financial advisor before making any investment decisions. Read the article to know more.
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  • 17 Apr 2023
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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.

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