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If you want to accumulate money, then saving it in fixed deposits is not the only solution. As you know, you will get a fixed return after investing in fixed deposits.
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Top 5 Consistent performing mutual funds • If you want to accumulate money, then saving it in fixed deposits is not the only solution. As you know, you will get a fixed return after investing in fixed deposits. However, mutual funds are invested in markets, and the returns depend upon the performance of the stock markets. Therefore, before investing in mutual funds, you need to decide if you want to receive short-term or long-term returns. So first, let’s get to know the consistent performing mutual funds currently.
Mirae Asset Large Cap fund • Over the time of five years, this mutual fund has given exceptional adequate returns. For example, if you invested ₹10,000 five years ago, you will receive ₹21,500 as the latest value. Thus, the absolute value of this mutual fund is 115%, alongside an annual return of 16.55%.
Axis BlueClip fund • If you want to invest in this mutual fund, the absolute returns are 122%, with annualised returns of 17.86%. This means if you invested ₹ 10,000 five years ago, then you will receive approximately ₹ 22500.
SBI BlueChip fund • This mutual fund provides fewer returns as compared to the other two mutual funds mentioned above. The SBI BlueChip fund gives you an absolute return of 89.4% besides 13.6% of annual value in five years.
Kotak BlueChip fund • The Kotak BlueChip fund gives average returns. In five years, you will receive an annual return of 15% and an absolute return of 101.3%
Franklin India BlueChip • This fund provides you with an absolute return of 84.1% and 12.9% of annual returns in five years. • At Mfonline, we share expert advice that will help you invest in the most beneficial mutual funds that will help you get exceptional returns depending upon the short term or long-term goal of your investment.