What are the best mutual funds to invest in 2020?
Scheme namePercentage (%)ICICI Prudential Bluechip Fund – G35SBI Magnum Multicap – G10Mirae Asset Emerging Bluechip Fund- Regular Plan -G30ICICI Prudential Equity and Debt Fund – G10
Is it good to invest in a mutual fund?
In a nutshell, mutual funds are safe. Investors should not be worried about short-term fluctuations in the returns while investing in them. You should choose the right mutual fund, which is sync with your investment goal and invest with a long-term horizon.
Is it a good time to invest in mutual funds 2020?
Mutual funds have the potential to generate higher returns than the market through the active management of the portfolio by fund managers. … Unlike stocks, there is no need to time the market when investing in mutual funds; which means, there is no good or bad time to start investing.
What are the top 5 mutual funds?
The 5 Best Mutual Funds
- Vanguard Wellington Fund Investor Shares (VWELX)
- Vanguard Health Care Fund Investor Shares (VGHCX)
- Fidelity Magellan (FMAGX)
- T. Rowe Price New Horizons Fund (PRNHX)
- Fidelity Select Software & IT Services Fund (FSCSX)
Can you lose all your money in a mutual fund?
There is no guarantee you will not lose money in mutual funds. In fact, in certain extreme circumstances you could end up losing all your investments. … Mutual funds are managed by fund managers who invest in a wide variety of stocks, bonds and commodities. So, it’s not that all of your mutual funds would fail.
What is the best time to invest in mutual fund?
There is no right time as such when it comes to investing in mutual funds. Investments in mutual funds should be made at the earliest. Any day is the best time to invest in mutual funds. Remember, you need to invest as per your financial goals and risk tolerance.
Is mutual fund better than FD?
But, in the long-term, Mutual Funds have the capacity to provide FD beating returns. Further, Mutual Funds are highly liquid and more tax efficient as compared to the benefits of FD. So, as per all the criteria discussed earlier, Mutual Funds makes a better investment option than FD.
Is mutual fund tax free?
Long term capital gains upto Rs 1 Lakh is totally tax free. … Mutual fund tax benefits under Section 80C – Investments in Equity Linked Savings Schemes or ELSS mutual funds qualify for deduction from your taxable income under Section 80C of the Income Tax Act 1961.
Which mutual fund is best for 1 year?
List of Best Mutual Fund to Invest for 1 YearFund NameNAV1 YR ReturnICICI Prudential Bluechip Fund Direct Growth46.2110.33%ICICI Prudential Equity & Debt Fund Direct Growth147.889.06%Aditya Birla Sun Life Tax Relief 96 Direct Growth33.688.18%L&T India Value Fund Direct Growth37.414.92%
Which mutual fund has highest return?
Top 10 High Risk Mutual FundsFund NameCategory1Y ReturnsSBI Banking & Financial Services FundEquity-6.7%L&T Midcap FundEquity7.4%Tata Banking And Financial Services FundEquity-7.9%View All Top 10 High Risk Mutual Funds
Can I buy mutual fund on Saturday?
While the equity market will remain open on Saturday, it will be a non-business day for mutual funds (MFs). This means investors will not be able to purchase or redeem MF units on Budget day. Saturdays and Sundays are usually non-business days for MFs. …
What is the most aggressive mutual fund?
Top 10 Aggressive Mutual FundsFund NameCategory1Y ReturnsCanara Robeco Equity Debt Allocation FundHybrid11.2%Mirae Asset Hybrid – Equity FundHybrid7.7%BNP Paribas Substantial Equity Hybrid FundHybrid6.2%SBI Equity Hybrid FundEQUITY1.1%
What is the safest mutual fund investment?
Money market mutual funds = lowest returns, lowest risk
These are fixed-income mutual funds that invest in top-quality, short-term debt. They are considered one of the safest investments you can make.