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These are the top mutual funds in terms of returns over the past 3 months

Updated : 2019-07-19 08:39:12

A mutual fund is a type of financial vehicle made up of a pool of money collected from many investors to invest in securities such as stocks, bonds, money market instruments and other assets, as per Investopedia. These are one of the popular investment schemes available in the market with an array to choose from. The Indian benchmark indices have been slipping, having ended around 2 percent lower for the week following the Union Budget on July 5 as it failed to cheer the market. Here are Morningstar India's top recommended mutual fund schemes in terms of returns over the past 3 months:

Kotak World Gold Fund – Standard Plan-Growth: 3-Month Return: 21.72 percent| Expense Ratio: 0.74 percent| Launch Date: June 6, 2008| NAV: 67.95.
Kotak World Gold Fund – Standard Plan-Growth: 3-Month Return: 21.72 percent| Expense Ratio: 0.74 percent| Launch Date: June 6, 2008| NAV: 67.95.
DSP World Gold Fund Growth: 3-Month Return: 16.19 percent| Expense Ratio: 0.73 percent| Launch Date: September 14, 2007| NAV: 13.10.
DSP World Gold Fund Growth: 3-Month Return: 16.19 percent| Expense Ratio: 0.73 percent| Launch Date: September 14, 2007| NAV: 13.10.
Reliance Multi Cap Fund – Institutional Growth: 3-Month Return: 13.51 percent| Expense Ratio: 2.02 percent| Launch Date: August 9, 2007| NAV: 21.95.
Reliance Multi Cap Fund – Institutional Growth: 3-Month Return: 13.51 percent| Expense Ratio: 2.02 percent| Launch Date: August 9, 2007| NAV: 21.95.
Invesco India Gold Fund Growth: 3-Month Return: 11.64 percent| Expense Ratio: 0.75 percent| Launch Date: December 5, 2011| NAV: 10.83.
Invesco India Gold Fund Growth: 3-Month Return: 11.64 percent| Expense Ratio: 0.75 percent| Launch Date: December 5, 2011| NAV: 10.83.
IDBI Gold Fund Growth: 3-Month Return: 9.92 percent| Expense Ratio: NA| Launch Date: August 14, 2012 | NAV: 9.91.
IDBI Gold Fund Growth: 3-Month Return: 9.92 percent| Expense Ratio: NA| Launch Date: August 14, 2012 | NAV: 9.91.
Edelweiss Government Securities Fund Regular Growth: 3-Month Return: 9.51 percent| Expense Ratio: NA| Launch Date: February 13, 2014 | NAV: 16.78.
Edelweiss Government Securities Fund Regular Growth: 3-Month Return: 9.51 percent| Expense Ratio: NA| Launch Date: February 13, 2014 | NAV: 16.78.
ICICI Prudential Long Term Bond Fund Direct Plan-Growth: 3-month Return: 9.37 percent| Expense Ratio: NA| Launch Date: January 1, 2013, | NAV: 67.95.
ICICI Prudential Long Term Bond Fund Direct Plan-Growth: 3-month Return: 9.37 percent| Expense Ratio: NA| Launch Date: January 1, 2013, | NAV: 67.95.
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