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Best Mutual Funds to Invest in 2018

Mutual funds are the fastest-emerging and the safest investment instrument for the long-term wealth creation.

For the first-time investor who wants to get exposure in equity markets, it would be advisable to invest through Systematic Investment Plan (SIP) rather than invest the lump sum.

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

BEST MUTUAL FUNDS TO INVEST IN 2018 (BY CATEGORY) ARE GIVEN BELOW.

Balanced Funds

  • HDFC Balanced Fund
  • L&T India Prudence Fund
  • SBI Magnum Balanced Fund
  • ICICI Prudential Balanced Advantage
  • DSP-BR Balanced Fund

Diversified Equity Funds

  • SBI Magnum Multicap Fund
  • UTI MNC Fund
  • Franklin India Prima Plus Fund 
  • L & T India Value Fund
  • Birla Sun Life Advantage Fund

Large Cap Funds

  • SBI Bluechip Fund
  • Kotak Select Focus Fund
  • ICICI Prudential Top 100
  • Franklin India Opportunities Fund
  • Invesco India Dynamic Equity

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)

Index Funds

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