Everybody understands the importance of saving money for their secure future and one of the most chosen options for the same is Mutual funds. Predicting the inflation, the mutual funds turn out to be the best investment option for the future investment plans. Also, because of inflation, the idea of saving money and some other investment practices have come up in great demand. Therefore, making investments in Mutual funds, SIP, Crypto Currency, etc., has become an important part of any individual’s secure investment plans.
In case of mutual funds, the major idea is to help an individual improve his or her venture capital. The mutual funds offer positive results if invested for longer periods of time via SIP (Systematic Investment Plan). The research has clearly shown that the mutual fund sector offers profitable returns in comparison to other plans. There are so many kinds of investment plans that can be considered because each year mutual fund income continues to increase.
Since half of the 2018 has gone by, here is a list of the top technical picks of the Mutual funds schemes for investment in the remaining 6 months of the 2018. The list is segregated as long term investments, short term investments, and tax saving mutual funds.
MUTUAL FUND SCHEMES FOR LONG TERM NEEDS
EQUITY MUTUAL FUNDS
In order to beat inflation, the long term assets need to be invested in equity mutual funds.
- MIRAE ASSET INDIA OPPORTUNITIES FUND
The Mirae Asset India Opportunities fund manages around 1, 450 crore INR of assets under AUM. This fund has an expense ratio of 2.4 per cent. It is highly rated by the research agencies. The CRISIL marked this fund as a strong consistent performer (having rank 2) among all equity funds.
- SBI BLUE CHIP FUND
The SBI Blue Chip Fund gives a chance to the investors to invest their money for long term growth through investments in stocks the Blue Chip Companies. Here in this scheme, the investors invest their money in a diversified mix of debt and money related instruments, along with equity and equity related instruments.
- RELIANCE VISION FUND
The Reliance Vision Fund is designed in a manner to offer long term capital appreciation for investors who have a risk appetite with respect to equity investments. Portfolio’s major section would be invested in equities and equity associated schemes of the corporate featuring various market cap.
- L & T INDIA VALUE FUND
It is a top performing open ended equity mutual fund provided by the L&T Investment Management Limited, the financial arm of the Larsen & Toubro Group, which includes multiple companies, including a leading engineering and construction company in India. It is marked as a multi-cap equity fund as it invests in a variety of equities and equity-linked instruments irrespective of market capitalization.
The above mentioned four mutual fund schemes are equity funds which are ideal for investing your money in the second half of the year 2018.
TAX SAVING FUNDS
You can make your investment in the tax saving funds in order to claim exemption from tax under Section 80C. Everybody knows that the Equity Linked Saving Schemes (ELSS) funds are the most suitable way to save taxes and capitalise for the long term. For investing under this category, you can go with one of the below mentioned schemes:
- L & T TAX ADVANTAGE FUND
The prime objective of the L & T Tax Advantage Fund is to create long term capital growth by means of a diversified portfolio of predominantly equity and equity associated securities.
- DSP BLACKROCK TAX SAVER FUND
The DSP BlackRock Tax Saver Fund is an open ended ELSS mutual fund. The DSP BlackRock is amongst the largest asset management corporates in India, and it manages this tax saver mutual fund. It perfectly embeds in the portfolio of individuals seeking higher returns from their investments, while getting tax benefits as well. This scheme gives the investors the much needed confidence that they usually seek from their mutual funds.
MUTUAL FUND SCHEMES FOR SHORT TERM NEEDS
For your short term needs and plans, an alternative for bank Fixed Deposits (FDs) which is suggested because they offer healthier returns after taxes are taken into consideration. The security of these mutual funds and also their track record is estimated and are found good for a portfolio keeping in mind the short term money needs. For investing under this category, you can go with one of the below mentioned schemes:
- AXIS LIQUID FUND
The Axis Liquid Funds are debt funds that have higher return rates to offer in comparison to savings accounts while simultaneously offering liquidity. The investors who go for these funds are generally the ones who have extra funds and are seeking extra funds and are looking to invest them for a short term to earn higher rates of return without taking much of a risk.
- SBI MAGNUM LOW DURATION FUND
The SBI Magnum Low Duration Fund tries to offer the investors an opportunity to generate regular income with reasonable degree of liquidity through investments in debt and money market instruments in such a manner that the Macaulay duration of the portfolio is between 6 months and 12 months.
- ICICI PRUDENTIAL ULTRA SHORT TERM PLAN – REGULAR
The ICICI Prudential Ultra Short Term Plan tries to offer the investors a chance to make income by investments in a variety of debt and money market instruments.
It generates the income via investment in AA+ and above rated corporate bonds while maintaining the optimum balance of yield, safety and liquidity. But there is no guarantee or assurance that the investment objective under this scheme would be attained.
These are some of the best suggestions for investing your money in the remaining 6 months of the year 2018. A healthy investment in any of these funds is worth looking at.