SBI Contra, HDFC Flexi Cap, ICICI Prudential Dividend Yield, 7 others: Analysts recommend mutual fund schemes for long term
Do you want to invest in mutual funds, but don’t know where to begin? Here are 10 mutual fund schemes that Anand Rathi Wealth and Complete Circle Capital money managers recommend for the long term.
Mutual Fund SIP Investment Ideas: Do you want to invest in mutual funds, but don’t know where to begin? In an interaction with Zee Business, Hrishikesh Palve of Anand Rathi Wealth and Kshitiz Mahajan of Complete Circle Capital shared their top picks for wealth creation over the long term.
Ten mutual funds to invest in
Here are the ten mutual funds recommended by the analysts.
1. ICICI Prudential Dividend Yield Equity Fund
Rishikesh Palwe of Anand Rathi has recommended to invest in ICICI Prudential Dividend Yield Equity Fund. The fund has over 56.03% annualised return in last one year.
Fund Details:
- Minimum SIP amount: Rs 100
- Expense Ratio: 0.53 per cent
- NAV: Rs 58.42
- Fund Size: 4,642.11 crore
- Stocks in the fund: ICICI Bank, NTPC, Sun Pharma, Maruti Suzuki, HDFC Bank, Bharti Airtel are top share holdings of the fund
2. HSBC Multi Cap Fund
Kshitiz Mahajan of Complete Circle Capital Private recommended HSBC Multi Cap Fund for investment. The fund has over 55.79% annualised return in last one year.
Fund Details:
- NAV: Rs 19.66
- Expense Ratio: 0.62 per cent
- Minimum SIP amount: Rs 500
- Fund Size: Rs 3865.61 crore
- Stocks in the fund: Kirloskar Oil Engines, PFC, NTPC, Trent, Larsen & Toubro, and Canara Bank are top share holding of the fund
3. Kotak Emerging Equity Fund
The Kotak Emerging Equity fund has 49.51 per cent annualised return in last one year.
Fund Details:
- Minimum SIP amount: Rs 100
- Expense Ratio: 0.34 per cent
- NAV: Rs 154.49
- Fund Size: 50,601.84 crore
- Stocks in the fund: Supreme Industries, Cummins India, BEL, Schaeffler India, Oberoi Realty, and Bharat Forge are top share holdings of the fund
4. SBI Contra Fund
The SBI Contra Fund fund has 46.01 per cent annualised return in last one year.
Fund Details:
- Minimum SIP amount: Rs 500
- Expense Ratio: 0.59 per cent
- NAV: Rs 398.1142
- Fund Size: Rs 37845.69 crore
- Stocks in the fund: HDFC Bank, GAIL, SBI, Whirlpool of India, and Indus Towers are top share holdings of the fund
5. Invesco India Smallcap Fund
The SBI Contra Fund fund has 46.01 per cent annualised return in last one year.
Fund Details:
- Minimum SIP amount: Rs 500
- Expense Ratio: 0.41 oer cent
- NAV: Rs 45.32
- Fund Size: Rs 4860.19 crore
- Stocks in the fund: Century Textiles, Bharat Dynamics, Equitas Small Finance Bank, Global Health, and 360 ONE Wam are top share holdings of the fund
6. Mahindra Manulife Multi Cap Fund
The Mahindra Manulife Multi Cap fund has 46.36 per cent annualised return in last one year.
Fund Details:
- NAV: Rs 41.77
- Expense Ratio: 1.83 per cent
- Minimum SIP amount: Rs 500
- Fund Size: Rs 4416.50 crore
- Stocks in the fund: HDFC Bank, TCS, NTPC, Grasim Industries, Wipro, and HPCL are top share holdings of the fund
7. ICICI Prudential Manufacturing Fund
The ICICI Prudential Manufacturing Fund fund has 60.12 per cent annualised return in last one year.
Fund Details:
- NAV: Rs 35.77
- Expense Ratio: 1.81 per cent
- Minimum SIP amount: Rs 100
- Fund Size: Rs 6620.99 crore
- Stocks in the fund: UltraTech Cement, Maruti Suzuki, L&T, Sun Pharma, and Cummins India are top share holdings of the fund
8. Franklin India Opportunities Fund
The Franklin India Opportunities fund has 67.08 per cent annualised return in last one year.
Fund Details:
- NAV: Rs 255.1883
- Expense Ratio: 1.86 per cent
- Minimum SIP amount: Rs 500
- Fund Size: Rs 5026.36 crore
- Stocks in the fund: Bharti Airtel, ICICI Bank, Zomato, Kirloskar Oil Engines, and L&T are top share holdings of the fund
9. HDFC Flexi Cap Fund
Money manager from Anand Rathi Wealth Ltd suggested the HDFC Flexi Cap Fund. The fund has 44.15 per cent annualised return in last one year.
Fund Details:
- Minimum SIP amount: Rs 100
- NAV: Rs 2068.74
- Fund Size: 61,571.57 crore
- Stocks in the fund: HDFC Bank, ICICI Bank, Axis Bank, Cipla, and Bharti Airtel are top share holdings of the fund
10. WhiteOak Capital Multi Cap Fund
Kshitiz Mahajan has recommended to invest in WhiteOak Capital Multi Cap fund.
Fund Details:
- NAV: Rs 14.372
- Expense Ratio: 2.11 per cent
- Minimum SIP amount: Rs 100
- Fund Size: Rs 1139.57 crore
- Stocks in the fund: HDFC Bank, ICICI Securities, ICICI Bank, CG Power and Industrial, and ABB India are top share holdings of the fund
(Disclaimer: The views/suggestions/recommendations expressed here in this article are solely by investment experts. Zee Business suggests its readers consult their investment advisers before making any financial decision.)