Best mutual funds to invest in 2020: Want to become rich? Here are top 20 funds to make money from

Best mutual funds to invest in 2020: When the new year comes, Indians have a tradition of identifying new avenues of generating revenue by buying mutual funds. Some people buy new funds after a portfolio review that forces them to go for the rebalancing. Others invest because they have some extra money lying around. Others save money diligently and then invest to have enough money for their retirement or education and marriage of children or even to buy a new car or house. So, there can be various reasons for buying a new mutual fund plan. To help investors reach their financial goals, Zee Business got an expert to list out 20 best mutual funds to invest in 2020 for robust growth in money.

Speaking on the mutual funds that one can choose in the new year 2020, Harshvardhan Rungta, CFA at Rungta Securities said, "Mutual fund investments are one of the most popular investment tools among the investors. However, the decision to decide the mutual funds category is very important. One should have a diversified investment portfolio that addresses the short-term, mid-term and long-term investment goals of an investor."

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Depending upon that, Rungta said that one should invest in small-cap for long-term investment goals, mid-caps and large-cap funds for mid-term investment goals. He listed out the 20 top mutual funds that would give robust returns to an investor.

Check out the 20 best mutual funds to invest in 2020

1] IDFC Nifty Fund in large-cap;
2] Axis Blue Chip Fund in large-cap;
3] ICICI Pru Blue Chip Fund in large-cap;
4] HDFC Mid Cap Opp. Fund in mid-cap;
5] L&T Mid Cap Fund in mid-cap;
6] Franklin India Prima Fund in mid-cap;
7] Kotak Standard Multi-Cap Fund in multi-cap;
8] SBI Focused Equity Fund (Focused Fund) in multi-cap
9] Canara Robeco Equity Diversified Fund in multi-cap;
10] Axis Long Term Equity Fund in ELSS category
11] Mirae Asset Tax Saver Fund in ELSS category;
12] ABSL Tax Relief 96 Fund in ELSS category;
13] ICICI Prudential US Bluechip Equity Fund in an international MF category;
14] Franklin India Feeder - Franklin US Opportunities Fund in the international MF category;
15] ICICI Prudential Overnight Fund in liquid fund category;
16] Axis Liquid Fund in liquid fund category;
17] IDFC Bond Fund in short-term bond funds;
18] HDFC Short Term Debt Fund in short-term bond funds;
19] Nippon India Gilt Securities Fund in guild funds; and
20] IDFC G Sec Fund in guild funds.

Now that you know what to buy, half the job is done, the rest you must do by going out there and investing in a diligent manner. Remember, not just your future, but the future of your entire family depends on this. 

Happy and prosperous new year to all!