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Best Mutual Funds to Invest in 2017

Thousands of mutual funds are currently available in the market. Choosing best mutual funds is a challenging task for any investor. A good mutual fund is the one that consistently manages to outperform its category return and its benchmark. Mutual funds are one of the best wealth creation tools for long-term financial goals like retirement planning, kids education, and marriage etc. For medium and small term financial goals, you can rely on balanced and short-term debt funds.

Equity Linked Savings Schemes (ELSS) offer tax benefits for Individual/HUF under Section 80C of Income Tax Act, 1961. An investor can claim up to 1 lakh as a deduction from his gross total income.

How to Pick a Mutual Fund

5 Things You Should Know Before Invest

BEST MUTUAL FUNDS TO INVEST IN 2017 (BY CATEGORY) ARE GIVEN BELOW.

Balanced Funds

  • HDFC Balanced Fund
  • ICICI Prudential Balanced Advantage
  • L&T India Prudence Fund
  • SBI Magnum Balanced Fund
  • Franklin India Balanced Fund

Diversified Equity Funds

  • ICICI Prudential Value Discovery Fund (G)
  • UTI MNC Fund
  • Franklin India Prima Plus Fund (G)
  • L & T India Value Fund (G)
  • Birla Sun Life Advantage Fund

Large Cap Funds

  • SBI Bluechip Fund
  • DSP BlackRock Focus 25 Fund
  • Kotak Select Focus Fund
  • Franklin India Opportunities Fund
  • ICICI Prudential Focused Bluechip

Small & Mid Cap Funds

  • DSP Blackrock Micro Cap Fund
  • Mirae Asset Emerging Bluechip Fund
  • HDFC Mid Cap Opportunities
  • Franklin India Smaller Companies
  • Reliance Small Cap Fund

Equity Linked Savings Scheme (ELSS)

  • Axis Long Term Equity Fund (G)
  • DSP BlackRock Tax Saver Fund
  • Birla Sun Life Tax Plan
  • Reliance tax Saver
  • Tata India Tax Savings Fund

Index Funds

  • Kotak Nifty ETF
  • G S Nifty BeES
  • ICICI Prudential Nifty iWIN ETF
  • IDBI Nifty Index Fund
  • UTI Nifty┬áIndex Fund

Long Tern Income Funds

  • ICICI Prudential Long Term Plan
  • HDFC High Interest – Dynamic
  • Birla Sun Life Dynamic Bond Fund
  • IDFC Dynamic Bond – Regular Plan
  • TATA Dynamic Bond – Regular Plan

Short Term Debt Funds

  • Birla Sun Life Short Term Fun
  • ICICI Prudential Banking & PSU Debt Fund
  • UTI Banking and PSU Debt Fund
  • IDFC Super Saver Income Fund – Medium Term
  • L&T Short Term Opportunities Fund

Ultra Short Term Funds

  • DSP BlackRock Ultra-Short Term Fund
  • ICICI Prudential Ultra Short Term Plan
  • SBI Ultra Short Term Bond
  • Religare ┬áInvesco Credit Opportunities Fund
  • Birla Sun Life Savings Fund

Credit Opportunities Funds

  • Kotak Medium Term Fund
  • Reliance Corporate Bond Fund
  • Birla Sun Life Corporate Bond Fund
  • UTI Income Opportunities Fund
  • DSP BlackRock Income Opportunities Fund

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