10 Lesser-Known Mutual Funds That Can Make You Rich

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  • 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.

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