Check Out Top Mutual Funds For Growth!


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Planning to invest your money for the future? Mutual funds are considered to be one of the best modes of investment for both short- and long-term goals. While selecting top mutual funds for growth, check whether the past performance of the fund is a good parameter for judging the potentiality of the fund. Mutual funds investments are risky but provide higher returns than all other investment options. Consider important factors like liquidity, risk, returns, etc. for analyzing the funds thoroughly. The best 5 mutual funds for growth are given below:

Five top mutual funds for growth

Axis Small Cap Fund

An Axis Small cap fund is an open-ended equity scheme mostly focusing on generating alpha along with a diversified portfolio of stocks. The funds have a bottom-up approach for investing in small-cap companies for identifying long term business. It is suitable for investors having a long term horizon of 5 to 7 years. The investments are taxed @15% when sold within 1 year from the date of allotment. It is one of the top mutual funds for growth

Axis Bluechip Fund

Axis Bluechip fund is an equity fund for achieving long term capital. It is a mutual fund investing in equities as well as equities related securities. The fund is suitable for safer investments assuring stable returns with frequent sale and purchase of shares. This fund has visibility with no exit load until 1 year.

The short-term gains are on sale for 1 year from the date of allotment taxed at 15%. It is also a moderate high-risk mutual fund scheme. 

DSP Tax Saver Fund

Explore top mutual funds for growth

It is an equity-linked savings scheme that is predominated by equity and equity-related securities. It aims in generating medium- and long-term funds to investors for getting tax deductions under Sec 80C. The returns are taxable at 15% if they are redeemed till 1 year. If you stay invested in this fund for more than 5 years, then there are chances that capital gains are higher than fixed-income rates for beating the inflation rate.

Kotak Standard Multi Cap Fund

It is an open-ended mutual fund scheme for investing across the equity securities with diverse capital market capitalization. It is flexible with the market performing well, some assets are diversified in mid-cap and small firms. Whereas in the case of a bear market, the portfolios are concentrated with large-cap funds.

If you withdraw the funds within 1 year, the short-term capital funds are taxed at 15%. The long-term capital gains above Rs. 10 lakhs are taxed at 10% with completion of a 1-year investment.

HDFC Small Cup Fund

It is an open-ended fund scheme having a high potential growth rate with about 70% of total assets invested in small caps. If you are an individual with high-risk concerns looking for investments for the long term of 5 to 7 years, then this is the right mutual fund for you. It is better advised to invest in the fund through the SIP mode for setting off short term funds.

Conclusion

These are some of the top mutual funds for growth. Choose the one appropriate for you and save your money.

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