Hi Guys, today I'm listing few mutual funds for different purposes.
Tax Elss: Under ELSS funds, you can buy funds up to 1.5 lakh limit for tax saving under Section 80C. Best performing and top-ranked Elss fund are:
- DSP BlackRock tax saver
- L&T Tax Saver Fund
- Mirae Asset Tax Saver Fund
- Tata India Tax Savings Fund
Diversified funds: In other words, they are multi cap funds. It includes of large cap, mid cap, and small cap. As a mixed portfolio, it minimizes the risk while maximizes the profit ratio over time.
Best performing and top-ranked Diversified fund are:
- Motilal Oswal MOSt Focused Multicap 35 Fund
- ICICI Prudential Value Discovery Fund
Large cap (big cap): They represent fund with the set of companies with huge market capitalization. Market capitalization is calculated by multiplying the number of a company's shares outstanding by its stock price per share.
Best performing and top-ranked Large cap fund are:
- SBI Blue Chip Fund (G)
- Reliance Top 200 Fund
Small cap - mid cap: They tend to offer more growth potential than large-cap stocks but they are riskier, however, in the long term they can provide much better return than large cap funds. Best performing and top-ranked 'Small cap - mid cap' fund are:
- L&T Emerging Businesses Fund
- L&T Midcap Fund
- Principal Emerging Bluechip Fund
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