Here is a list of mutual funds that are rated as No 1 by CRISIL, in their respective categories.
| Name | Category | 1-year returns | 3-year returns |
|---|---|---|---|
| BOI AXA Mid & Small Cap Equity & Debt Fund | Hybrid | 78.26% | 15.62% |
| PGIM India Flexi Cap Fund | Flexi Cap | 68.98% | 23.47% |
| Canara Robeco Bluechip Equity Fund | Largecap | 47.14% | 17.14% |
| IDBI India Top 100 Equity Fund | Largecap | 51.69% | 14.53% |
| Franklin India Bluechip Fund | Largecap | 46.70% | 12.27% |
Why we are recommending only the above 5?
To begin with given where the stock markets are we believe that spectacular returns as in the last 1-year is out of the question. We are hence recommending only the hybrid, flexi and largecap mutual funds. In fact, we do not even like flexi cap mutual funds, given that they would have exposure to small and midcap stocks as well.
At the moment we are recommending only hybrid funds, where the fund manager has the flexibility to switch between debt and equity. We will be covering Hybrid mutual fund SIPs in a separate article. We also urge investors to start switching to debt mutual funds, given the way markets have rallied in the last 1-year. I mean, it may also be time to protect your capital, if not entirely than partially at the very least.
Source- Goodreturns.in
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