Is mutual funds good investment in India?

Mutual funds are a safe investment if you understand them. Investors should not be worried about the short-term fluctuation in returns while investing in equity funds. You should choose the right mutual fund, which is in sync with your investment goals and invest with a long-term horizon.

Which is the best mutual fund to invest in India?

Here’s the list of the five best mutual funds for SIP:

Fund Name 3-year Return (%)*
PGIM India Flexi Cap Fund Direct-Growth 21.84% Invest
Mirae Asset Emerging Bluechip Fund Direct-Growth 18.98% Invest
SBI Focused Equity Fund Direct Plan-Growth 14.77% Invest
Canara Robeco Bluechip Equity Fund Direct-Growth 16.07% Invest

Which is the best mutual fund to invest in 2021 in India?

India’s best performing mutual funds for December 2021

Name of Fund 1-Year Return 5-Year Return
ICICI Pru Credit Risk Fund (G) 6.233% 7.773%
HDFC Credit Risk Fund (G) 6.976% 7.676%
Baroda Credit Risk Fund (G) 19.239% 7.442%
Data Source: Morningstar

Can I lose money in mutual funds?

With mutual funds, you may lose some or all of the money you invest because the securities held by a fund can go down in value. Dividends or interest payments may also change as market conditions change.

Can mutual fund make you rich?

Benefits of mutual funds High returns: Mutual funds are known to generate high returns since there’s no cap on earnings. Depending on the performance of the security where the money is invested, returns are generated. Since financial experts invest money on your behalf, returns are generally high.

Which is the highest return mutual fund in 2021?

Following is the list of the top 10 Top Performing Mutual Funds over the long term….Top Performing Mutual Funds of 2021.

Top Performing Funds Of 2021
Scheme Return (%)
Quant Small Cap Fund 88.05
Quant Infrastructure Fund 83.22
L Emerging Businesses Fund 77.41

Which mutual fund app is best?

Best Apps To Invest In Mutual Funds

  1. Coin by Zerodha. Zerodha is a well-known investment platform and probably the simplest app that can easily let you invest in mutual funds.
  2. Groww. Groww is another app that you can use for investment purposes.
  3. Paytm Money Mutual Funds App.
  4. Kuvera.
  5. ETMoney.

How can I be rich in 5 years?

How to become wealthy in 5 years: 14 strategies

  1. Become Financially Literate Through Self-Education.
  2. Spend Less, Earn More, Invest the Difference.
  3. Do Something You Love.
  4. Invest in Properties.
  5. Build a Portfolio of Stocks and Shares.
  6. Focus on Contemporary Areas of Growth.
  7. Be An Innovator.
  8. Do Quarterly Goals & Reports.