HomePersonal Finance NewsMutual Fund Corner: What are the best mutual funds to invest Rs 10 lakh?

Mutual Fund Corner: What are the best mutual funds to invest Rs 10 lakh?

Want to invest in mutual funds but don’t know how to go about it? Get all your mutual fund related queries answered by our expert, Feroze Azeez, deputy chief executive officer, Anand Rathi Wealth Management, on our show Mutual Fund Corner.

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By CNBC-TV18 December 18, 2018, 5:17:43 PM IST (Published)

Mutual Fund Corner: What are the best mutual funds to invest Rs 10 lakh?
Want to invest in mutual funds but don’t know how to go about it?


Get all your mutual fund related queries answered by our expert, Feroze Azeez, deputy chief executive officer, Anand Rathi Wealth Management, on our show Mutual Fund Corner.




Q: 40-year-old Nagakiran Srigiri writes to us from Karnataka. I want to invest Rs 10 lakh with objective to double the amount in five years. Is HDFC Small Cap Fund - Direct (G), Axis Bluechip Fund - D (G), Axis Mid Cap Fund - Direct (G), Mirae Emerging Bluechip -Direct (G), SBI Small Cap Fund - D (G) and ABSL Equity Fund -Direct (G) are good for investment?

A: To start with, mutual funds do not guarantee returns. It is not right to think that your money will double in the next 5 years. You can continue to invest in HDFC Smallcap Fund, Axis Bluechip Fund, Mirae Emerging Bluechip, SBI Smallcap Fund.

You can redeem from Axis Mid-cap Fund. We would suggest you not to put any further money in ABSL Equity Fund as the fund has not performed well in the last the three year period as compared to peers. Instead, you can invest in Mirae Asset India Equity which has performed consistently.

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