Investors who do not have much knowledge of the stock market are advised to invest in the market through mutual funds. However, it is important to understand their classification before deciding on the best performing mutual funds. Mutual funds are categorized into large-cap funds, mid-cap funds, small-cap funds, flexi-cap funds and ELSS.
Here are the 10 best performing mutual funds in the last five years
1. Axis Bluechip Fund (Large-Cap)
The Asset Under Management (AUM) of this scheme of Axis Mutual Fund is approximately Rs 29,160 crore. It invests in blue chip stocks or stocks of large companies. Its CAGR in five years has been 18.50 percent.
2. Canara Robeco Bluechip Equity Fund (Large-Cap)
This equity scheme of Canara Robeco Mutual Fund was started eight years back. Its AUM is Rs 3,691.25 crore. Its CAGR in the last five years has been 18.08%.
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3. PGIM India Mid-Cap Opportunities Fund
Its AUM is Rs 2,383.38 crore. Its CAGR for the last five years has been 21.23 percent.
4. Axis Mid-Cap Fund
It invests in companies with high growth potential. Its AUM is Rs 13,834.27 crore. Its CAGR in the last five years has been 21.13 percent.
5. Nippon India Small-Cap Fund
It invests in small-cap companies. It is better for investors who take high risk. Its CAGR in the last five years has been 21.61 percent.
6. SBI Small-Cap Fund
Its AUM is Rs 9,620.21 crore. Its CAGR in the last five years has been 23.31 percent.
7. Parag Parikh Flexi-Cap Fund
It is considered high risk. Its AUM is Rs 13,186.70 crore. Its CAGR in the last five years has been 21.51 percent.
8. PGIM India Flexi-Cap Fund
This is also a high risk fund. Its AUM is Rs 1,688.70 crore. Its CAGR in the last five years has been 20.79 percent.
9. Quant Tax Plan (ELSS)
Its AUM is Rs 327.45 crore. In this, tax exemption can be taken on investment. Its CAGR in the last five years has been 23.92 percent.
10. Mirae Asset Tax Saver (ELSS)
It does not have exit load. In this, along with saving tax, good returns can also be obtained. It has a CAGR of 22.45 per cent in the last five years.
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