The beginning of the New Year is an excellent time to plan for the future and no plans are executed without preparing for financial needs, so equity mutual funds are a product that cannot be skipped these days. You can then schedule your investment in the following schemes.
It would not be fair to predict, which would be the best performing equity mutual fund scheme in 2019. We have set a good track record for some large-cap funds. One explanation for this is that there may be significant uncertainty in the markets due to this year’s general elections.
Some good equity mutual funds to invest in 2019 are as follows:
- SBI Equity Fund
- Reliance Loan Cap Fund
- ICICI Prudential Bluechip Fund
SBI Equity Fund
SBI Equity Fund SBI Equity manages over Rs 20,000 crore and is a large-cap fund. Like most of their associates, the fund has given negative returns in the last one year and better yields in 3 and 5 years. In fact, the fund has generated a yield of 4.09 percent over the previous year and 15.88 percent over the last five years. SBI funds have a solid hold in funds such as HDFC, HDFC Bank, L&T, which hold around 9 percent. Most of the stocks listed above are less volatile and thus have the potential to withstand the deteriorating market conditions. One can invest in the fund through a SIP route with an initial investment of Rs 5000 and then a minimum investment of Rs 500. Under the development plan, the net asset value currently stands at Rs 37.23, while the dividend plan is Rs 21.18.
Reliance Loan Cap Fund
It is also a fund invested in large-cap funds. Like SBI Equity, in the past one year, the fund has given low returns, though the three and 5-year yields have been excellent. The 1-year yield is flat, while the 5-year return is closer to 17%. The top three investments of Reliance Large Cap Fund include SBI, Larsen and Axis Bank. The net asset value under the development plan is Rs 33, 2671, while the dividend plan is Rs 15, 32. It can also invest through SIP, with an initial amount of Rs 5,000 and later Rs 500. Investing in 2019 is one of the most active equity mutual fund schemes.
ICICI Prudential Bluechip Fund
It is also possible to consider the ICICI Prudential Bluechip fund, whose corpus size is around Rs 20,000 crore. In the past year, the fund has given a negative return of 0.80%, while the five-year yield is 14.83%. Through a minimum SIP, one hundred rupees can be invested in the fund every month. This fund can provide reasonable returns for a long-term outlook. The current NAV of the scheme under the dividend Fund is Rs. 22.44. There are many other large-cap equity mutual funds that should not be overlooked, such as HDFC Equity and Birla Sunlife Focused Equity Fund.
I Hope this helps!