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Best Mutual Fund To Invest in India For 2016 - PlanMoneyTax

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BestMutualFundTo
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December21,2015byChandrakantMishraAddComment

Wewantto
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accumulatethewealthtofulfillourwishes.Toachieve
thisgoal,equitymutualfundsarethebestinvestment.
Butthepathofequitymutualfundisslipperyand
bumpy.
However,yourpathtoequitymutualfundinvestment
canbemorereliableandrewardingiftheselected
mutualfundisoneofthebestequitymutualfund
scheme.

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Therearehundredsofequitymutualfunds.Allofthem
goesthroughadifferenttrajectory.Choosingthe
perfectschemeamongthemisnotaneasytask.But
throughthedefinedcriteria,wecangetthenamesof
themutualfundschemewhicharemosttrustworthy.In
thispost,Ihavepickedthebestmutualfund
schemesforyou.

WhytheListofBestMutualFund
Thereisalotofnoisearoundmutualfunds.Scoresof
companies,manycategories,hundredsofscheme,
changingperformancesanddifferingviews.Thereisa
lotofconfusion.Thevestedinterestofmutualfund
distributorsalsocomplicatesthemutualfundselection.
Therefore,Itisnecessarytohavealistofthebest
mutualfund.Thislistofbestmutualfundswillhelpyou
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Itwillintroduceyouonlytothebestmutualfund
schemes.Nomore,wonderingintothemaze.
Youwouldhaveaclearpictureoftheselected
mutualfund.Youwouldknowqualitiesofyour
chosenscheme.Itgivespeaceofmindand
greatertrust.

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Youcancounterandaskquestionstoprying
distributors.
Youwouldhaveamutualfundschemewhich
matcheswithyourattitudeandgoal.
Tomeetaboveobjective,Ihavetoselectthemutual
fundschemeswhichshouldmeetyourexpectations
andaddressyourconcerns.
Themutualfundshouldgiveabetterreturnthan
thefixeddeposit,goldorproperty.
Itshouldgiveagreaterreturnthanaverageequity
mutualfund.
Itshouldnottaketheexcessiveriskonmymoney.
Itshouldnottestmyheart.Theswingsshouldnot
bewild.Thedownturnshouldbesmallerthanthe
market.
IfIneed,Itshouldalsogivethebenefitoftax
saving.
Abestmutualfundforapersoncantbethebest
mutualfundformeoryou.Eachofusisspecialand
needthebestandmostsuitablemutualfundscheme.
Differentpeoplehavedifferentriskprofile.
ImaynotpreferthehighriskschemewhetherIgeta
highreturnormoderatereturn.But,youcantakehigh
riskforhighreturn.Oneofmyclientsissatisfiedwith
moderatelyhigherreturnthanfixeddepositashedoes
notwanttotaketherisk.
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AlsoRead:BestMutualFundToInvestinIndiaFor
2016
Thus,weneedthebestmutualfundforeveryclassof
investor.Thereareplentyofmutualfundschemes
therefore,weshouldnothavetheproblem.Letus
categorizethepeopleonthebasisofriskprofile.

Aggressiveinvestor
Thisclassofinvestorsdonotmindexcessiveriskor
swingingridesforhighreturn.Theseinvestorshave
enoughmoneytofulfilltheirneeds.Theywanttoplay
sharemarkettogethighreturns.
Theinvestmentinmidcap,smallcapandthematic
mutualfundssuitstotheirstyle.Thesefundsare
riskier,buthavethepotentialtogivehigherreturns.If
youareoneoftheaggressiveinvestor,youcan
choosebestmutualfundschemeamongmidcapfunds
andthematicfunds.

ModeratelyAggressiveInvestor
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Thisclassofinvestorcantakeahighriskbutnotthe
excessiverisk.Theydounderstandtherollercoaster
rideofthesharemarket.
TheinvestmentinlargecapandFlexicap/multi
capmutualfundssuitstothem.Thesefundstakethe
calculatedriskofsharemarketandtrytogiveabove
averagereturnthanNiftyorSensex.

ModerateInvestor
Thisclassofinvestorwanttocautiouslytreadintothe
sharemarket.Theydonotwanttoputalloftheir
moneyintotheriskysharemarket.Theyneedsome
kindofsafetyringaswell.
Thebalancedmutualfundsuitstotheirattitude.The
balancedmutualfundinvestsinequityaswellasfixed
returninvestments.Therefore,Ittakeslessriskthan
pureequitymutualfunds.

ConservativeInvestor
Thisclassofinvestorprefersafetythanreturns.
Greaterreturniswelcometothembutnotatthecost
ofcapital.Thisclassofinvestorcantseetheerosion
oftheirinvestment.
Thedebtmutualfundsarebestsuitedtothisclassof
investor.Iwillnotcoverthedebtfundshereasthis
postisonlyaboutthebestequitymutualfundfor2016.

TaxSavingInvestor
Thisclassofinvestorwanttosavetaxthroughthe
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investment.Thetaxbenefitfromsection80Cistheir
mainobjective.Whileacoservativetaxsavinginvestor
cantakebenefitofPPF,employeeprovidentfund,and
Postalschemestheaggressiveinvestorcaninvestin
taxsavingmutualfund,theELSS.
Inamodernhighway,therearemanylanesforthe
differentclassofvehicles.Youchoosealane
accordingtothespeedofyourvehicles.Similarly,you
chooseamutualfundcategoryonthebasisofrisk
involved.

Notethatprofitfromtheequitymutualfundinvestment
isnotsubjecttotax.Evenabalancedmutualfund
whichhasminimum65%investmentintotheshare
marketisalsofreefromlongtermcapitalgains.

HowtheBestMutualFundwas
Selected
Toselectthebestmutualfundtoinvestin2016,Ihave
useddifferentcriteria.Thesecriteriaisappliedoneby
oneinthegivenorder.

ProfessionalManagement

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ProfessionalManagement
Wechooseamutualfundschemeinsteadofdirect
investintothesharemarketbecauseitgivesservices
ofafundmanageratalowcost.Thefundmanageris
backedbythesystemsandresearchfoundationofa
mutualfundcompany.Itisthefundmanagement
companywhichchoosesgoodfundmanagerand
developscertainsystemstochoosethebeststocksfor
investment.Therefore,Professionalmanagementof
mutualfunsschemeismostimportant.
Itisthefundmanagementcompanywhichkeepsthe
performanceofamutualfundschemeconsistent
irrespectiveoffundmanagersdeparture.Thefund
manager,investmentphilosophyandresearchare
organisedbythefundmanagementcompany.Hence,
weshouldgivegreaterweightagetothefund
managementcompany.Globallytherearesome
famousfundmanagementcompanywhichareknown
foritsinvestmentmechanism.E.g.Fidelity,
Templeton,Vanguard.
InIndiaaswell,FranklinTempleton,HDFCAMC,ICICI
Pru,AxisMF,BirlaSunLife,DSPBlackrock,SBIMF,
KotakandUTIareknownfortheirprofessional
management.Thereareotherbigandsmallmutual
fundcompanies,Whichhassomegoodperformersas
well.But,Historically,thierschemeswerenotvery
consistent.Wearenotgoingtolooseanythingifskip
them.

Performance
TheperformanceofaMutualFundschemeisreal
clincher.Weneedagoodfundmanagementcompany
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togetthebetterreturn.But,noonecanpredictthe
futureperformanceofamutualfundscheme.ThusWe
havetolookbackthehistoricalperformanceofmutual
fundscheme.Itgivesanideaaboutthepotentialofa
scheme.
Togetareliablesignalwejudgeamutualfund
schemeondifferenttimeframe.Ihavetakenoneyear,
3yearand5yearperformancetochoosethebest
mutualfundtoinvestin2016.Myselectedmutualfund
shouldearnaboveaveragereturnduringthesetime
frames.

Risk
WecantakeriskforhighreturnButitdoesnotmean
thatwecantakeriskblindly.Theriskshouldbe
proportionatetothegain.Takinganexcessivehigh
riskonamutualfundschemecangiveanextra
ordinaryreturnbutthisbehaviourcanresultinwiping
offthecapitalaswell.Hence,theriskshouldbein
controlledmanner.Itwouldbebetterifourbestmutual
fundschemedonottakeaboveaveragerisk.
Thus,mylistofthebestmutualfundwouldinclude
onlythosefundwhichtakeaverageorbelowaverage
riskinitscategory.

FundManager
FundManageristhecaptainoftheship.Only
he/shecansteeraheadtheshipinturbulenttimes.
Thecaptaingivesdirectiontotheship.Thecapable
fundmanagermakesamutualfundschemethebest
initsclass.Sometimes,thechangeoffundmanager
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hasadverselyaffectedtheperformanceofscheme.
So,foragoodmutualfund,thefundmanagershould
continue.Youcanexpectconsistentperformanceifthe
fundmanagerisalsoconsistent.

Portfolio
Thefundmanagerinvestsyourmoneyinstocksand
bond.Youcanalsotrackthisinvestment.Lookingat
theportfolio,youcanhaveanideaofthefund
managersphilosophy.Fortheadvancedmutualfund
investor,theportfolioofthemutualfundschemegives
aclearerpictureoffutureperformance.
Thereareanotherparameterstochoosethebest
mutualfund.Suchasexpenseratioandstarrating.
Theexpenseratioisnotsignificantastherearesmall
differencesamongtopmutualfunds.Choosingbeston
thebasisofthisfactorwouldnotbeaproper
justification.

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Thestarratingisgivenbythemutualfundhouses.
Thefundhousesalsousetheabovegivencriteriato
rateafund,therefore,itwouldbeaduplication.

UsingAbovecriteria,Ihavepreparedalistofbest
equitymutualfundsfor2016.Therearetop3mutual
fundschemesineveryccategoryofequitymutual
fund.

Top3BestEquityLargecapMutual
Fund
ThelargecapEquityMutualfundhasverylargegroup
ofmutualfundschemes.Everyfundhousehasmore
thanonefundinthiscategory.Despitemanyfilters,
competitionisfierce.
Becasueofmypreferenceforgoodfundhousemany
largecapmutualfundschemeswereweededoutin
thefirstfilter.Amongavailablelargecapmutualfund
schemes,Isearchedforthoseschemeswhichhas
givenaboveaveragereturnduring5year,3yearand
1yearperiod.
Ialsoselectedonlythosefundwhichtookbelow
averagerisk.Thesefiltermademylistverysmallbut,
stillitwasmorethan3.SinceIhavetogiveonly3top
largecapmutualfundschemeIusedanotherfilterof
consistentfundmanagerandportfolio.Thelistnow
becomesmaller,butstill,Ihave4fundsinthefray.
SBIBluechipfundandICICIPruFocussedbluchip
seemedequallygoodforposition3.Again,Iwent
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throughtheriskandreturndata.Icomparedtheir
returnyearwise.AfterclosemonitoringSBIBluechip
scoredovertheICICIPruFocussedBluechip.Belowis
thefinallist.

P Investments

s 1000pm in Top SIPs in just 2mins.

FranklinIndiaPrimaPlus
ThislargecapEquitymutualfundistheblackhorseof
themutualfundindustry.Youcansayitisdream
equitymutualfund.Despitetakingbelowaveragerisk
Ithasgivenhighreturnoninvestment.Thefundwas
verysteadyinitsperformance.Itisoneoftheoldest
mutualfundofIndia.Itwaslaunchedin1994.
Youmighthavenotfoundthisfundintopperformance
rankingofpreviousyear.Becauseitnevertookhigh
riskforquickgains.Theresultisbeforeus,thisfundis
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themostconsistentlargecapequitymutualfund.
ThefundmanagerAnandRadhakrishnanismanaging
thisfundsince2007.Theradhakrishnanhasnurtured
aninvestmentteamwhichisknownforverygood
result.Thefundalwaysscoutforvalueinvestment.
Indeed,Iamfondoffranklintempletonmutualfund
AMC.Itiswellknownfundhouseglobally.Ithas
uniquestyleofinvestingwhichgivesgreaterreturnin
longerterm.Ifyouwanttoinvestforlongterm,do
investintoFranklinIndiaPrimaPlus.
ReadresearchreportsofValueresearchand
Morningstaraboutthisfund.

UTIEquityFund
LifeFranklinPrimaPlus,theUTIequityFundisalso
anoldfund.Itwaslaunchedin1992.Ithasalways
beentheflagshipmutualfundschemeoftheUTIAMC.
TheFundmanagerAnoopBhaskarhasdevelopedits
uniquestyleofinvesting.Hehaschosenthegrowth
orientedlargecapstocksforlongterm.Thefundhas
verylowchurnratio.Itis14%.
ThestrategyofAnopBhaskarhaswellpaid.Sincehe
cameintothehelmofthefund,theUTIEquityFund
gaveaboveaveragereturneveryyear.TheBhaskar
tookoverthefundin2007.
Fundtakebelowaverageriskbutgavehighreturn
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duringlast5years.Thepastperformanceoffund
invokestrustinthisfund.
Youcanreadmoreaboutthefundinthereportof
Morningstar.

SBIBluechipFund
SBIBluechipFundhassprintedveryfastinthelast4
years.Duringthisperiod,ittookbelowaveragerisk
butdeliveredhighreturn.Inthelast4year,ithas
beatencategoryaverageandbenchmarkconsistently.
The2008and2011hasbeennotverygoodforthe
fund.Ittookgreaterlossthancategoryaverage.
However,thenewfundmanagerSohiniAndani
adopteddifferentapproachandItgavegoodresults.I
hope,thesmartperformancewillcontinueduringthe
badphaseaswell.

Top3BestFlexicapMutualFund
TheFlexicapormulticapfundisalsoanequity
diversifiedfund.Butitisnotlimitedtothelargecap
shares.Itcanpicksharesfromthemidcapspaceas
well.However,itisalsotiltedtowardsthelargecap
shares.Becauseoftheventuringintothemidcap
sector,thiscategoryoffundislittlemorerisky,butit
hasgreaterpotentialofhighreturn.Letusseethebest
flexicapequitymutualfundofIndiain2016.

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UTIMNCFund
TheUTIMNCfundisthestarperformermutualfund
schemeoftheUTIbasket.Thefundmainlyinvestin
qualitymultinationalcompanies.Ithasselectedmulti
nationalcompaniesfromlargecapaswellasmidcap
space.
Thefundhasebeenverycosistent.Ittookbelow
averageriskbutdeliveredhighreturn.Inthebad
phases,itdoesnotslideasfastasthemarketbutin
theboomperioditrosemorethanthemarket.
Itinvestsmainlyintoconsumernondurable,auto,
autoancillaryandpharma.ThechurnratiooftheUTI
MNCfundisonly14%.
Thefundismanagedbytheveryablefundmanager
SwatiKulkarni.Sheismanagingthisfundsince2006.
Swatibelievesinteamworkandithaspaidwelltoher
funds.Thefundgaveaverage17%returnsinceSwati
hastakenoverthisfund.
ReadmoreabouttheUTIMNCFund

BirlaSunLifeIndiaGenNext
Itisawellknowdiversifiedfund.Italsoinvestin
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midcapshares.TheBirlaSunLifeGenNextinvestsin
thoseshareswhicharegoingtobenefitfromthe
changingtrendsandrisingconsumption.
Ithasgiven18.5%annulareturnduringlast3
years.The10yearaveragereturnshasbeen16%.
Thenoteworthythingofthisfundistheriskavoidance.
Despitelowriskthefundhasgivenaboveaverage
return.
Thefundmanagersaretheweaklinkofthisfund.The
AnilShahhasjoinedthisfundin2013whileChanchal
Khandelwalhascomesomemonthsback.Bothof
thesefundmanagerhavetoprovetherecapabilityyet.

HDFCCapitalBuilderFundGrowth
ThisisoneoftheoldestfundofHDFCmutualfund.It
waslaunchedin1994.Sincetheinception,thisfund
hasgive14.6%annualreturn.Last3yearshasbeen
verygoodforthefund.Ithasgivenabout20%annual
returnduringlast3years.
TheHDFCCapitalBuilderFundhastakenbelow
averageriskbutitcouldgivetheaboveaverage
return.
ThefundmanagerChiragSetalvadismanagingthis
fundsince2007.MitenLathiaandRakeshvyashas
alsojoinedasthefundmanagerofthisfundin2012.

Top3BestSmallandMidcapMutual
Fund
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BirlaSunLifeMNCFundGrowth
BirlaSunLifeMNCFundis16yearoldmutualfund.
Crisilhasputthisfundintherank1sincelast6
quarters.ThefundinvestsinMidcapandSmallcap
companies,stillIthasmitigatedtheassociatedriskof
smallcompanies.Thecreditofthisconsistencygoes
tothestockselection.
TheBirlaSunLifeMNCFundinvestsinmulti
nationals.Becauseofthesoundbusinessmodelvery
andlowdebt,multinationalcompaniessufferslessat
thetimeofrecession.Therefore,thestockpricesdo
notdroptoomuchinthedownturn.TheBrlaSunLife
MNCfundgetsbenefitofthisstrategy.
Thefundhasalwaysbeenatopranker.Ineverytime
periodithasbeatenthecategoryaverage.Duringlast
10yearsthisfundhasgivenaverage20%return.
Despitetakingverylowriskthefundhasmangedto
giveaboveaveragereturn.
ThefundmanagerofthisMrAjayGargismanagingit
since2009.Inhisleadershipthefundhasalways
performedverygood.

FranklinIndiaSmallerCompanies
FundGrowth
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ThisisarelativelynewfundfromtheFranklin
Templetonfundhouse.Itinvests75%ofitsfundinto
midandsmallcapcompanies.Thechurnratioofthe
fundisalsoveryless.
Ithasconsistentlygivenaboveaveragereturn.Inthe
last3years.Ithasgiven33%annualreturn.The
FranklinIndiaSmallerCompaniesFundgavebetter
returnthan95%ofpeers.
RJanakiramanhasbeenthefundmanagersince
February2008.HehasworkedwithFranklin
TempletonAMCasmanagerandasinvestment
managerforIndianSyntans,Thefocussedapproach
oftheJanakiramanhasgivenbetterresults.

SBISmall&MidcapFund
Thisfundhasgivenoutstandingreturnduringlast
threeyears.Thereturnfromfundwas37%.Itis12%
greaterthancategoryaverage.
TheFundmanagerRSrinivasanismanagingthisfund
since2013.Inhisguidance,thefundhasgavereturn
of110%.Thisreturnwas24%morethanthecategory
average.

Top3BestEquityLinkedsaving
schemes

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AxisLongTermEquityGrowth
AxisLongTermEquityGrowthisoneofthebestELSS
toinvestin2016.Itwaslaunchedin2009.Afterinitial
changeinfundmanager,theJineshGopaniis
managingthisfundsince2011.
Duringlast3years,thefundhasgivenanoutstanding
performance.Sincethelaunch,ithasalsogiven
annual20%return.
Thevalueresearchonlinehasgivenitthe5star
rating.WhileMorningstarhasgivenitthe5starrating.
TheELSStookbelowaverageriskandgaveahigh
return.
Theexistinginvestorcaninvestinthisschemeonline.
Whilenewinvestorhastosubmittheapplication
offline.Afterthefirstinvestment,thesubsequent
investmentcanbedoneonline.

BirlaSunLifeTaxPlanGrowth
TheBirlaSunLifeTaxPlanistoptaxsavingfund
amongbestELSStoinvestin2016.Itisoneofthe
oldesttaxsavingmutualfundlaunchedin1999.Since
inception,ithasgivenannual20%return.

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TheexistinginvestorofBirlaSunlifeMutualFundcan
investinthisfundthroughtheonlinemode.Toinvest
onlineinBSLTaxPlan,youneedafolionumber.

DSPBlackRockTaxSaverFund
Thefundcameintotheexistencein2007.Sincethe
inception,ithasgiven14%return.IthasassetsofRs
1110crore.TheDSPBlackrockTaxSaverFundhas
investedheavilyonbankshares.About10%ofits
holdingisofHDFCbankshares.
ThefundismanagedbytheRohitSinghania.Heisa
newmutualfundmanagerandmanagingDSP
BlackrockTaxSaverfundsinceJuly2015.Thefund
manageristheweakestlinkofthisfund.Hehasto
proveyet.
TheValueResearchandMorningstarhavegiventhis
funda4starrating.

Top3BestBalancedMutualFund
ThebalancedFundsinvestinsharesaswellasasin
thebonds.Theinvestmentinbondsgivesitsafety
whileequitygivesanopportunitytogetbetterreturn.
Becuaseoftheequityinvestment,thiscategoryoffund
isalsovolatile,but,lessthanthepureequityfund.
Here,Iamtalkingonlyaboutthosefundwhichare
equityorientedbalancedfund.Thistypeoffund
invests2/3ofthefundintotheshares.Letusseethe
listofBestbalancedfund.

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HDFCBalancedFund
Itisa15yearoldfund.Amongthebalancedfund,It
hasalwaysbeenthepreferredfund.Sincethe
inceptionithasgivenabout17%return.Fora
balancedfund,thisreturnisquitegood.During3,5,
and10yearperiod,ithasgivenaboveaveragereturn.
Thefundtookaverageriskbutgavehighreturn.Ithas
certainpreferenceformidcapandsmallcapshares.
Butitnevercompromisesonquality.Hence,fundgave
highreturndespiteaveragerisk.
ChiragSetalvadismanagingthisfundsince2007.

FranklinIndiaBalancedFund
ThisfundisarivaltotheHDFCbalancedfund.Ithas
startedinthesameyearthe1999.Sincetheinception,
thisfundhasgiven14.7%return.During3,5,and10
yearperiod,ithasgivenaboveaveragereturn.
Thefundtookbelowaverageriskbutgaveabove
averagereturn.
AnandRadhakrishnanandSachinPadwalDesaiis
managingthisfundsince2006.

ICICIPrudentialBalancedAdvantage

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ICICIPrudentialBalancedAdvantage
Fund
Thefundisabout10yearold.Ithasnotgiven
spectacularreturnduringthisperiodbutithas
minimizeditsriskthroughhedging.
Duringlast5yearsithasgiven133%return.Itisabout
4%abovethanthecategoryaverage.ManishBanthia
ismanagingthisfundsince2009,whereasManish
Gunwaniisathelmsince2012.
Thefundtookbelowaverageriskbutitgaveabove
averagereturn.

FinalListofBestEquityMutualFind
For2016

Conclusion
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Ihavegiven15bestequitymutualfundtoinvest.I
couldhavegivenyouonlyfiveor3bestequitymutual
fund.But,itwouldhavenotveryaptformanyinvestor.
Everypersonhasdifferentriskprofileandneeds.
Hence,givingbestmutualfundfromeverycategory
wasnecessary.
Doyoualsohvesomethingtosay.Pleasefeelfreeto
writeintothecommentbox.
LastUpdated:21stDecember,2015

Sharethejoy
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ChandrakantMishra
IamthepersonbehindthisBlog.
Istartedthisblogjusttoshare
usefulinformation.Aftergetting
overwhelmingresponsethis
pastimebecamemypassion.JobwithCNBC
Awaazalsohelpedmetoexploretheworldof
Investment,Saving,Insurance,andTax.NowIam
afulltimepersonalfinanceblogger.IamAlsoan
ExpertAtAdviceAdda.com

BestOnlineTermInsurancePlaninIndiaEdition2016
HowToGetUANNumberOnlineWithoutEmployerorJob

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Suresh Kumar Hi

Chandrakant Mishra Hi

Chandrakant, I am a senior
citizen. I filled in ITR2 for
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Sadeep You need not to

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Chandrakant 19 Dec
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The list is out for next year
investment. Happy investing.
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Chandrakant 13 Dec
Mishra
@PlanMoneyTax
Here is the Ultimate list. Top
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Chandrakant 12 Dec
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