New Delhi: Investments in Mutual Funds have grown exponentially in the recent years. Crores of people in India are investing huge amounts of money in Systematic Investment Plans (SIPs) in expectation of good returns in the future. Dr (CA) Sharad Kohli, Stock Market expert and economist, recommended five Mutual Funds to invest in with a perspective of 2-3 years.
Motilal Oswal Large and Midcap Fund
The stock market expert recommended investors to opt for SIP plan in Motilal Oswal Large and Midcap Fund, which is a direct plan for growth. The assets under management are about Rs 4,000 crore. The mutual fund has given returns of about 24 per cent in the last 1 year, while the returns over the previous 2-3 years have been 47 per cent to 58 per cent, Dr Kohli informed.
Invesco India Midcap Fund
Recommending people to pump in their money in Invesco India Midcap Fund, the expert said that the assets under management is over Rs 4,500 crore. The fund has given an average 1 year return of close to 24 per cent, and in the past 2-3 years, returns have been 44 per cent to 54 per cent. He termed it as a very well performing SIP Mutual Fund.
SBI Contra Fund
The expert said that SBI Contra Fund is also a Direct Growth Plan and has huge assets under management of about Rs 33,000 crore. The average annual return has been more than 22 per cent, and for the last 2-3 years, the fund has given profits of 44 per cent to 60 per cent.
Quant ELSS Tax Saver Fund
Dr Kohli stated that several people who are using the Old Tax Regime to file their Income Tax use this fund for saving in their 80C. Suggesting investors to opt for SIP in this MF, he said it is a direct growth plan wheer with assets under management worth around Rs 9,300 crore. He informed that the fund has given a return of more than 30 per cent in 1 year and 49 per cent to 62 per cent in the last 2-3 years.
Sundaram Large and Mid-Cap Fund
The economist advised opting for Sundaram Large and Mid-Cap Fund for SIP investments. The assets under management are more than Rs 6,300 crore and the Mutual Fund has given a return of more than 20 per cent
In 1 year and 34 per cent to 41 per cent in the last 2-3 years.
Dr Kohli advised the investors looking to deposit their hard-earned money in MF SIPs to have a long term (3-5 years) view and should not be in a hurry to sell their funds.
The expert said his Mutual Fund recommendations are in view of the buoyant Indian market. He said India is going to do very good in the long run and is the fifth largest economy in the world and has set a target of becoming the third largest economy.
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Mutual Funds to invest in: Stock Market expert suggested people to invest in Motilal Oswal Large and Midcap Fund, Invesco India Midcap Fund, SBI Contra Fund, Quant ELSS Tax Saver Fund, Sundaram Large and Mid-Cap Fund. Personal Finance Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
