Best Mutual Funds for March 2019

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March has just started, and since the start of the series a great improvement has been seen in the market. Almost all the equity indices (except IT) have been showing a positive moment, and as the tension between India and Pakistan has eased, the market has shown a great momentum. In addition to these, as the Lok Sabha Election dates are nearing, and a large number of equity mutual funds schemes are available at discounted NAVs, this is a right time to invest in the equity mutual funds. So, below are 5 best mutual fund schemes which are picked according to the current market conditions and future market prospects. From the list, you can choose one or more as per your investment preferences.

Axis Long Term Equity Fund (G)

Beginning of March signifies that only one more month is left to invest in tax saving instruments to enjoy benefits in this financial year. So, the first scheme on the list is Axis Long Term Equity Fund, which is an ELSS category scheme, and provide tax reductions (U/S 80C) on investments up to Rs. 1.5 lakhs. This scheme has been one of the most consistent players of the equity market and in the last one year, it has managed to cap the fall better than its peers. Axis Long Term Equity Fund follows a growth preferred investment style and a focused stock picking approach. The scheme is currently investing 70.35% in large caps, 28.10% in mid caps, and 1.54% in small cap companies. The overall investment style makes this scheme a perfect combination of stability & growth and one of the best ELSS to invest for optimal long term capital growth.

Axis Bluechip Fund (G)

Axis Bluechip Fund is one of the few schemes that sailed smoothly through the volatility that prevailed in 2018. In the past 1 year, it has provided a return of 8.04% and has beaten the benchmark as well as the category average with a great margin. The scheme is fixated on providing a stable growth to investors and the investment style followed by it, ensures the same. Currently, the scheme is investing 80.96% of the total investments in equities and the remaining 19.69% in debt instruments. This high allocation in debt space helps in maintaining stability in returns when the equity market is not performing well. To further increase the stability factor, 100% of the equity instruments have been allocated in the large caps. A great scheme for investors who are looking for moderate growth in the long term with a moderate level of risk.

DSP Midcap Fund (G)

In the past one year, mid cap stocks have shown a great correction and the direct affect of that was seen among the performance of mid cap mutual funds. In the past year it has shown a return of -8.12%, but still it has managed to cap the losses better than the benchmark and the category. Currently, it is following a growth oriented investment style, to ensure that a stability can be maintained in the future. DSP Midcap Fund is currently investing majorly in finance, chemicals, healthcare, engineering and cons durable sector, all of which are showing great future growth possibilities. And, due to the volatility in past one year, the scheme is available at much lower NAV from its peak, so by investing now, you can give a great start to your investment journey.

L&T Emerging Businesses Fund (G)

L&T Emerging Businesses Fund has gained huge popularity in a very short time period, and its huge AUM is proof of that. The scheme has maintained an exceptional risk to return ratio, in a very short time it has secured top rank in the small cap category. The investment style of the fund is growth oriented, accompanied by a diversified stock picking style. Now, what makes it different is its balanced allocation in mid caps (52.14%), and small caps (47.86%), even after being a small cap category scheme. So, if you want a scheme that can provide you a great growth through opportunities generating in small caps and mid caps, then this is one of the best options for you. But, before investing remember that during market volatility huge fluctuations can be seen in returns, so only invest if you have an appetite to handle high risk and a long term investment horizon.

Mirae Asset India Equity Fund (G)

Mirae Asset India Equity Fund has been among the most recommended schemes not only in the multi cap category, but the overall mutual fund industry, and all the credit goes to the exceptional performance it has shown during variable market conditions. At present, the scheme is following a growth oriented investment style and a diversified stock picking style. Now, the most important factor to see here is even after being from the multi cap category the scheme is invested majorly in the large cap space (87.08%), to ensure that investors are provided with risk adjusted returns. A great scheme for investors with a moderate to moderately high risk appetite and an investment horizon of 5 years and more.

So, these were the schemes in which you can invest in March 2019 to enjoy a great long term capital growth. Just remember that don’t make your investment decision based on the returns provided by the schemes, because it may be possible that if the scheme shows unexpected volatility in the future, you can panic and end up discontinuing your investments. In case, you are not sure which scheme is best for you, connect with the experts at MySIPonline, who performs an in-depth analysis of your profile and suggest you the best solution.