10 Top mutual funds to invest in for long-term growth

Mutual Funds are the fastest emerging investment option for the long-term creation of wealth. The availability of a large number of mutual funds in the market has made it a difficult task to select the best plan to suit your requirement, budget and preferences. Have I picked the right mutual fund? Or which is the best mutual fund to invest? It is the most common question raised by investors in many financial forums. But it is most difficult to answer the queries because without knowing the risk profile & investment horizon, we would never able to suggest the best portfolio.? One Size Never Fits All, therefore, a single portfolio of top 10 mutual funds is never suitable for every investor.

One should go for equity schemes if he has

1. High-risk appetite
2. Long-term financial goals
3. Minimum investment horizon of five years

One should go for debt scheme if his risk appetite is low or need some regular income with short-term requirements.

Also among equity funds, every investor should have a different set of portfolio according to their risk profile. For example

1. A conservative investor should invest in equity-oriented balanced schemes or large-cap mutual fund schemes.
2. A moderate investor should invest in diversified and large-cap mutual fund schemes.
3. An aggressive investor should pick up mid and small-cap funds.

An investor can make a combination of a scheme to make a suitable portfolio according to their financial goals and risk appetite. When making a good portfolio of mutual funds we always do not have to pick the best ones in a category we only need to choose one that matches our investment strategy and fits our risk appetite.

Below is the list some of the Equity based best Mutual Funds that we are recommending to our clients and are an ideal fit for a well-diversified broad-based portfolio.