One of the most searched term on Google is “Top 10 mutual funds to invest in“.
In fact, the most visitors on this blog are the ones looking for a mutual fund portfolio. No wonder, that the post on “How to build a winning mutual fund portfolio” continues to be popular.
Let me share a fact with you, which I hope you would appreciate. It is something I recently discovered.
Now, when it comes to mutual funds, we know that there are over 300 equity and equity oriented schemes. It is not so easy to select the right schemes for yourself.
And hence, the search starts for the top mutual funds.
Out of these 300 schemes, 10 schemes, that is just 3% of the total schemes, account for 25% of the entire Equity Assets in Mutual Funds.
Wow!
Which are these top 10 mutual funds, which have the lion’s share of the investors’ money and trust?
Now, these funds may not be the funds where you are putting all your money but on a broader level, they are the ones which today are managing the largest amount of money on behalf of investors. I am kind of sure that you have an investment in at least one of them. 🙂
So, what are these top 10 mutual funds?
Based on the size or assets under management of each of the equity and equity oriented funds* here is a list of top 10 mutual funds.
TOP 10 MUTUAL FUNDS (EQUITY) BY ASSETS UNDER MANAGEMENT
* While equity oriented funds are known as balanced funds, I have included them here as they have minimum 65% of their assets invested in equity. This makes them as good as an equity fund.
One thing that is obvious is that schemes from the 2 largest fund houses HDFC and ICICI occupy the most number of slots in this list.
While the investor has placed their faith in these funds, the question that has crossed my mind is what made you, the investor, trust these funds with your money.
How much do you as an investor actually know about these funds, beyond the performance?
For example, did you know of any other Fund Manager of the respective funds other than Prashant Jain?
Typically, when we choose our mutual funds for investments, our first inclination is to see the star ratings and the past 3 or 5 year performance of the funds. We spend little time or effort going beyond that to look at other aspects of the fund.
Let’s uncover some important facts about these top 10 mutual funds and see some of their not so well-known aspects – facts that you would like to pay attention to.
Click here to read the full post on the Unovest Blog.
Between you and me: What are the mutual funds that you trust you money with? What new things have you discovered about these top funds today? Do share in the comments.