Top 10 best mutual funds for sip to invest in 2023|| which mutual fund is best in 2023||

  what is a mutual fund?

    Mutual funds are an excellent investment option for individuals who want to invest in the stock market but lack the knowledge and experience to make informed investment decisions. Systematic Investment Plans (SIPs) are a popular way of investing in mutual funds. In this article, we will discuss the top 10 mutual funds for SIPs to invest in in 2023 based on their past performance, fund manager experience, and overall reputation in the market.

 

 

Top 10 Large Cap Funds With Highest Returns

1.    Canara Robeco Bluechip Equity Fund:

     Canara Robeco Bluechip Equity Fund Direct-Growth is a well-established mutual fund scheme from Canara Robeco Mutual Fund with a 10-year track record of delivering consistent returns. The fund has a relatively low expense ratio of 0.48%, making it an attractive option for investors looking to keep their costs low. The fund’s investment strategy focuses on large-cap companies in the Financial, Technology, Energy, Consumer Staples, and Automobile sectors. Its history of controlling losses in a falling market is a testament to its risk management capabilities. Its ability to deliver an average annual return of 13.74% since launch and double the money invested every 3 years makes it a worthy consideration for investors looking for a medium-sized fund in the Large Cap category.

 

2. Nippon India Large Cap Fund:

Nippon India Large Cap Fund Direct-Growth is a well-known mutual fund scheme from Nippon India Mutual Fund with a 10-year track record of consistent returns. The fund has had an impressive average annual return of 14.49% since its launch and has doubled the money invested in it every 3 years. The fund has an AUM of ₹12,525 Crores as of 31/12/2022, making it a medium-sized fund in its category. It has a relatively high expense ratio of 1.01%, which is comparable to what most other Large Cap funds charge. The fund’s investment strategy focuses on large-cap companies in the Financial, Energy, Services, Consumer Staples, and Technology sectors. Its ability to consistently deliver returns is higher than most funds in its category. While its ability to control losses in a falling market is average, its top 5 holdings, including Reliance Industries, HDFC Bank, and ICICI Bank, make it a strong contender for investors looking for a medium-sized fund in the Large Cap category.

 

3. Mirae Asset Large Cap Fund:

Mirae Asset Large Cap Fund Direct-Growth is a medium-sized mutual fund scheme from Mirae Asset Mutual Fund that has existed for a decade. The fund has a significant AUM of ₹32,911 Crores as of 31/12/2022 and has an expense ratio of 0.53%, which is lower than most other Large Cap funds. The fund has delivered an average annual return of 15.64% since launch and doubled the money invested in it every three years. It has the majority of its assets invested in the Financial, Technology, Energy, Automobile, and Healthcare sectors, with less exposure to the Financial and Technology sectors than other funds in the category. The top 5 holdings of the fund are in HDFC Bank Ltd., ICICI Bank Ltd., Reliance Industries Ltd., Infosys Ltd., and Axis Bank Ltd.

 

 

 

4. Baroda BNP Paribas Large Cap Fund:

     Baroda BNP Paribas Large Cap Fund Direct-Growth is a well-established mutual fund scheme in the large-cap category with a good track record. The fund’s expense ratio is reasonable compared to other similar funds in the market. The returns generated by the fund in the last 1 year have been 5.89%, which is lower than the benchmark index, but the fund has delivered an average annual return of 14.26% since its launch. This indicates that the fund has the potential to generate long-term wealth for investors.

The fund has invested in a mix of sectors, with a significant allocation to the financial, technology, and energy sectors. The fund has performed above average in controlling losses during market downturns. The fund’s top holdings include HDFC Bank Ltd., ICICI Bank Ltd., and Reliance Industries Ltd. which are some of the largest and most established companies in India.

Overall, Baroda BNP Paribas Large Cap Fund Direct-Growth is a good investment option for investors looking for a medium-sized fund with a track record of generating good returns with reasonable risk.

 

 

5. SBI Bluechip Fund:

SBI Bluechip Direct Plan-Growth is a popular Large Cap mutual fund scheme from SBI Mutual Fund with a track record of consistent returns. With an AUM of ₹33,987 Crores, it is one of the largest funds in its category. The fund’s expense ratio of 0.9% is lower than what most other Large Cap funds charge, making it an attractive option for investors. The scheme has delivered an average annual return of 14.43% since its launch and has doubled investors’ money every 3 years. The fund’s ability to control losses in a falling market is above average. The fund’s top holdings include HDFC Bank Ltd., ICICI Bank Ltd., and Infosys Ltd., among others. The fund has invested predominantly in the Financial, Automobile, Consumer Staples, Construction, and Healthcare sectors.

 

6. ICICI Prudential Bluechip Fund:

ICICI Prudential Bluechip Fund Direct-Growth is a well-established Large Cap mutual fund scheme from Icici Prudential Mutual Fund. It has consistently delivered returns in-line with its category and has an above-average ability to control losses in a falling market. The fund has a sizable AUM of ₹34,199 Crores and an expense ratio of 1.06%, which is comparable to other Large Cap funds. Since its launch, the fund has delivered an average annual return of 14.19%, with a doubling of money invested every 3 years. The majority of the fund’s portfolio is invested in the Financial, Energy, Technology, Automobile, and Construction sectors. Its top 5 holdings are in ICICI Bank Ltd., Reliance Industries Ltd., HDFC Bank Ltd., Infosys Ltd., and Larsen & Toubro Ltd.

 

7. Kotak Bluechip Fund:

Kotak Bluechip Fund Direct-Growth is a Large Cap mutual fund scheme with a track record of over 10 years. With an expense ratio of 0.64%, it is one of the most cost-effective funds in its category. The fund has delivered an average annual return of 13.61% since its launch, and it has doubled the money invested in it every 3 years. The majority of the fund’s money is invested in the Financial, Technology, Automobile, Consumer Staples, and Energy sectors. While its ability to deliver returns consistently is in line with most funds of its category, its ability to control losses in a falling market is average. The fund’s top 5 holdings include ICICI Bank Ltd., HDFC Bank Ltd., Reliance Industries Ltd., Infosys Ltd., and ITC Ltd.

 

8. Edelweiss Large Cap Fund:

Edelweiss Large Cap Fund Direct-Growth is a medium-sized mutual fund scheme from Edelweiss Mutual Fund, with an AUM of ₹399 Crores as of 31/12/2022. The fund has an expense ratio of 0.93%, which is close to what most other Large Cap funds charge. It has been delivering an average annual return of 13.69% since launch, with a current 1-year return of 7.51%. The fund has doubled the money invested every 3 years, indicating consistent performance. It has invested primarily in the Financial, Technology, Energy, Consumer Staples, and Automobile sectors. The fund’s top holdings include ICICI Bank Ltd., Reliance Industries Ltd., HDFC Bank Ltd., Infosys Ltd., and ITC Ltd. The fund’s ability to deliver returns consistently is in-line with most funds of its category, and its ability to control losses in a falling market is average.

 

 

9. Parag  Parikh  Flexi Cap Fund:

Parag Parikh Flexi Cap Fund Direct-Growth is a popular Flexi Cap mutual fund scheme from Ppfas Mutual Fund. It has delivered impressive returns of 18.30% average annual returns since its launch on 13/05/2013. The fund has an AUM of ₹29,953 Crores as of 31/12/2022, making it one of the largest funds in its category. The fund’s expense ratio of 0.75% is competitive with other Flexi Cap funds. Parag Parikh Flexi Cap Fund Direct-Growth’s ability to deliver returns consistently is in-line with most funds of its category. However, it has a high ability to control losses in a falling market, which makes it an attractive investment option for risk-averse investors. The fund has invested the majority of its assets in the Financial, Services, Technology, Consumer Staples, and Energy sectors. It has taken less exposure in the Financial and Services sectors compared to other funds in its category. The fund’s top holdings include Housing Development Finance Corporation Ltd., ITC Ltd., Bajaj Holdings & Investment Ltd., ICICI Bank Ltd., and HCL Technologies Ltd.

 

10. Axis Bluechip Fund:

Axis Bluechip Fund Direct Plan-Growth is a Large Cap mutual fund scheme from Axis Mutual Fund, with an expense ratio of 0.59%. It has an AUM of ₹33,050 crores as of 31/12/2022. The fund has delivered 13.85% average annual returns since its launch on 01/01/2013 and has doubled the money invested in it every 6 years. However, its returns of the last 1 year are -3.82%. The fund’s ability to deliver returns consistently is in line with most funds of its category, but its ability to control losses in a falling market is below average. The fund has a majority of its money invested in the Financial, Technology, Services, Automobile, and Energy sectors, with ICICI Bank Ltd., HDFC Bank Ltd., and Bajaj Finance Ltd. as its top holdings.

 

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