Best Mutual Funds to invest this Diwali

For those who believe slow and steady wins the race, mutual funds are an excellent option for investments this Diwali

Staff Writer   /   November 3, 2021

Diwali is not only a festival of light. It is also an auspicious festival to make investments. For those who believe slow and steady wins the race, mutual funds are an excellent option for investments, and Diwali is a great occasion to start investing or deploy more money.

Mutual funds come in various shapes and sizes. You can invest in them according to your financial goals. Here are the best funds – one from each category that can help you build long-term wealth. Visit https://www.wealthzi.com for more details.

Our Large-Cap pick Canara Robeco Bluechip Equity Fund 

3Yrs CAGR Return 23.36% & 3Yrs SIP Return 29.61%

  1. Return in the last 3 Years, beating the benchmark performance of 20.98% and higher than the category average of 19.80%
  2. SIP Return in the last 3 Years (as on 29 Oct 2021), beating the benchmark performance of 26.82% and higher than the category average of 25.93%
  3. Fund has been running for 11 years and has beaten the benchmark in 5 of the last 9 years
  4. Fund has an asset size of Rs 4,702 cr. The largest fund in the category has Rs 33,154 cr of assets

Our Mid Cap pick Kotak Emerging Equity Fund 

3Yrs CAGR Return 26.49% & 3Yrs SIP Return 37.7%

  1. Return in the last 3 Years, beating the benchmark performance of 22.54% and higher than the category average of 25.00%
  2. SIP Return in the last 3 Years (as on 29 Oct 2021), beating the benchmark performance of 37.20% and higher than the category average of 36.76%
  3. Fund has been running for 14 years and has beaten the benchmark in 7 of the last 9 years
  4. 2nd Largest fund in the category with the Rs 16,318 cr of assets

Our Small Cap pick ICICI Pru Smallcap Fund 

3Yrs CAGR Return 31.39% & 3Yrs SIP Return 47.03%

  1. Return in the last 3 Years, beating the benchmark performance of 24.02% and higher than the category average of 26.35%
  2. SIP Return in the last 3 Years (as on 29 Oct,2021), beating the category average returns of 41.87%
  3. Fund has been running for 14 years and has beaten the benchmark in 8 of the last 9 years
  4. Fund has an asset size of Rs 3,187 cr. The largest fund in the category has Rs 17,282 cr of assets

Our Multi/Flexi Cap pick Parag Parikh Flexi Cap Fund 

3Yrs CAGR Return 29.95% & 3Yrs SIP Return 39.81%

  1. Return in the last 3 Years, beating the benchmark performance of 21.70% and higher than the category average of 22.55%
  2. SIP Return in the last 3 Years (as on 29 Oct,2021), beating the benchmark performance of 29.09% and higher than the category average of 30.40%
  3. Fund has been running for 8 years and has beaten the benchmark in 7 of the last 8 years
  4. Fund has an asset size of Rs 16,076 cr. The largest fund in the category has Rs 38,609 cr of assets

Our ELSS / Tax Saver pick Mirae Asset Tax Saver Fund 

3Yrs CAGR Return 25.62% & 3Yrs SIP Return 34.58%

  1. Return in the last 3 Years, beating the benchmark performance of 21.18% and higher than the category average of 22.61%
  2. SIP Return in the last 3 Years (as on 29 Oct,2021), beating the benchmark performance of 27.89% and higher than the category average of 32.16%
  3. Fund has been running for 5 years and has beaten the benchmark in 5 of the last 5 years
  4. Fund has an asset size of Rs 9,832 cr. The largest fund in the category has Rs 34,371 cr of assets

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