Best Mutual Funds to invest in 2013 – Top performing Mutual Funds in India

Last modified: June 14, 2013
5:18 pm

NEW 2014 VERSION of this post is

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Best Mutual Funds to Invest in 2014

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In this post, I have tried to list some of the best performing & top rated mutual funds in India which you can consider to invest in 2014.

While selecting the mutual funds I have taken into consideration certain aspects like

  • Reputation of Fund House, whether well -known
  • Asset under management in that scheme to get benefit of efficiency
  • Scheme existence period to check the past performance

Based on your risk profile, goals & horizon, you should allocate your investment in Equity, Debt & Gold Funds. For e.g an investor aged 30, who is saving for children education/ marriage or retirement (time horizon – long), can allocate his/her investments in following manner:

  • Equity – 60%
  • Debt – 30%
  • Gold – 10%

This is just an example of investment allocation.

Read my earlier post on – Top 10 Reasons to Invest in Mutual Funds?

A. Best / Top performing Equity Mutual Funds (Schemes which have AUM of RS 500 crore or more with track record of atleast 5 years)

Equity Mutual FundsLarge Cap  

UTI Opportunities Fund (G) Birla SL Frontline Equity -A (G)
Axis Equity Fund
HDFC Top 200 Fund (G)
Franklin India Bluechip (G)

Equity Mutual FundsMid & Smalll Cap
ICICI Pru Discovery Fund (G)
IDFC Premier Equity – A (G)
HDFC MidCap Opportunities (G)
SBI Emerging Busi (G)
Equity Mutual FundsDiversified
Reliance Equity Oppor – RP (G)
HDFC Equity Fund (G)
UTI Dividend Yield Fund (G)
UTI Equity Fund (G)
Equity Mutual FundsELSS
Can Robeco Eqty TaxSaver (G)
Franklin India Tax Shield (G)
L&T Tax Advantage (G)
ICICI Pru Tax Plan (G)

Note that last 5 years were not good for Equity market after financial crisis in 2008. Even then, the market has managed to provide decent annualised return of 8-14% over last 5 years.

For the purpose for this post, we have not included the thematic / sector funds. These funds are for more experienced investors who are prepared to take risks on particular sector.

B. Best / Top performing Balanced  Mutual Funds (Schemes which have AUM of RS 500 crore or more with track record of atleast 5 years)

  • Reliance RSF – Balanced (G)
  • HDFC Prudence Fund (G)
  • HDFC Balanced Fund (G)
  • Birla Sun Life 95 Fund (G)
  • ICICI Pru Balanced Fund (G)

C. Best / Top performing Debt Mutual Funds

Long term Debt Fund

  • ICICI Pru Income (G)
  • Kotak Bond – Plan A (G)
  • Birla SL Income Plus -B RP (G)
  • Reliance Income Fund (G)

Short term Debt Fund

  • Birla SL Dynamic Bond -RP (G)
  • ICICI Pru Short Term Plan (G)
  • UTI Short Term Income – RP (G)

Ultra Short term Debt Fund

  • Birla SL Short Term Opp-RP (G)
  • Templeton USBF – SIP (G)

Liquid Fund

  • ICICI Pru Money Market Fund (G)
  • Kotak Floater STP (G)
  • Religare Liquid Fund (G)
  • Kotak Liquid – Plan A (G)
  • ICICI Pru Liquid Plan -Regular (G)

D. Best / Top performing Gold Mutual Funds

Gold ETF

  • SBI Gold Exchange Traded Fund
  • UTI Gold Exchange Traded Fund
  • Kotak Gold ETF
  • GS Gold BeES
  • HDFC Gold Exchange Traded Fund

Gold Savings Fund

  • ICICI Pru Reg Gold Savings Fund (G)
  • HDFC Gold Fund (G)
  • SBI Gold Fund (G)
  • Axis Gold Fund (G)
  • Reliance Gold Savings Fund (G)

Data Source: Moneycontrol & Returns calculation done in April 2013

Please note that list of above mutual funds are provided as Guide only. You should take investment decisions based on your risk apetite, goal, horizon etc. Please consult your financial advisor also to check which investments are suitable for you.

Note: After doing some analysis, I found that the returns provided on most of the websites are based on ONE TIME investment only. For e.g Return for 1 year or 5 years mean the return on one-time investment done 1 year / 5 year before.

However, it is always suggested to invest in Mutual funds via SIP. The returns will be different if I use the SIP method of investment over 1 year, 2 years or 5 years. The SIP returns comparison are not easily available on websites.  In my next post, I will try to post some comparisons based on SIP investment returns.

Feel free to ask any query in our QA Section. Someone will normally responds within 1-2 business days           http://moneymacro.com/qa/


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About the author

The Author is Chartered Accountant with 10+ years of experience. He loves to write about personal finance topics. If you have any queries about personal finance, please use comments box below. By Vivek Jain Author: Vivek Jain