New Delhi: Economist and stock market expert, Dr (CA) Sharad Kohli, has picked top five performing mutual funds for an SIP of Rs 20,000. Four out of his five picks are large and mid cap funds while one is a flexi cap fund. According to Kohli, one can also consider his recommendations for lump sum investment. Let’s see which are the mutual funds:
Canara Robeco Emerging Equities Fund
Kohli’s first pick is Canara Robeco Emerging Equities Fund. It is an open ended equity scheme which invests in both large cap and mid cap stocks. Minimum SIP amount is Rs 1,000. Exit load is of one per cent if redeemed within one year of date of allotment of units. No exit load will be levied if investor redeems units one year after allocation. The scheme has given CAGR of 14 per cent in last 19 years. The fund invests in top 250 companies listed on the NSE. As of May 31, 2024, the fund’s AUM stood at Rs 21,796 crore. Shridatta Bhandwaldar is the fund manager.
Mirae Asset Large & Mid Cap Fund
Kohli’s second pick is Mirae Asset Large & Mid Cap Fund was erstwhile known as Mirae Asset Emerging Bluechip Fund. In this fund, money is invested in both large cap and mid cap stocks. Minimum SIP amount is Rs 500. Currently, the fund’s NAV is at 160 for ‘Direct Plan – Growth.’ In 2023, the ‘Direct Plan – Growth scheme of the fund provided returns of 29 per cent.
Kotak Equity Opportunities Fund
His third recommendation is Kotak Equity Opportunities Fund. This scheme is also a large and mid cap fund. The scheme has given CAGR of 19 per cent since its inception in 2004. Currently, the fund’s NAV stands at 377. Minimum SIP amount is Rs 100. As of May 31, 2024, the fund’s AUM stood at Rs 22,329 crore.
Edelweiss Large and Mid Cap Fund
His fourth recommendation is Edelweiss Large and Mid Cap Fund. Current NAV of Edelweiss Large and Mid Cap Fund is 82. The scheme has given CAGR of 13 per cent since inception in 2007. Minimum investment amount is Rs 100. Currently, its AUM stand at Rs 3,047 crore. The fund levies exid load of one per cent if redeemed within 90 days. Expense ratio is 1.89 per cent.
Parag Parikh Flexi Cap Fund
His fifth recommendation would be retail investor’s favourite Parag Parikh Flexi Cap Fund. It is an open-ended equity scheme which invests in large cap, mid cap, small cap stocks. Minimum SIP amount is Rs 1,000. As of May 31, 2024, the scheme had an AUM of whopping Rs 66,383 crore. Its current NAV stand at 81. Exit load is of two per cent if units are redeemed with one year of date of allocation. While, one per cent exit load would be levied if redeemed after one year of date of allotment. While, no Exit Load will be charged if investment is redeemed after 730 days from the date of allotment of units.
(Disclaimer: This article is only meant to provide information. News9live.com does not recommend buying or selling shares or subscriptions of any IPO and Mutual Funds.)
Mutual Funds investment: Parag Parikh Flexi Cap Fund, Canara Robeco Emerging Equities Fund feature among top five mutual fund recommendations by Economist Sharad Kohli for a SIP of Rs 20,000 per month. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
