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These three mutual funds are profitable even in short term

These three mutual funds are profitable even in short term

Investing in mutual funds is considered as a long term investment plan where investors generally invest their savings in a market fund to fulfill some future purpose. Mutual funds are of two types one time investment and systematic investment plan (SIP) where investors invest same amount of money at  every stipulated time period.

Here I will give you information on three important mutual funds that are offering a good returns even in short time period.

Parag Parikh Long Term Equity Fund Direct – Growth

The current net asset value (NAV) of this fund is Rs 29.55 and holds no. 1 position in multi cap fund based on 5 years returns. The mutual fund has 5 star rating as per rated by Morningstar and value research. The scheme is managed by panel of three experts.

If we look at the performance of the fund then we will find that it provides 25.09 % profit in the last 3 months, 14.20 % in the last 1 year, 39.14 % profit in last 3 years and 75.71 % profit in last 5 years.

The mutual fund comes under moderately high risk level. The sectoral share of this fund consists of 31.12 % in technology sector, 24.20 % in financial sector, 14.41 % in automobile, 8.91 % in healthcare and 8.74 % in consumer durables.

The sectoral distribution of this fund makes it very attractive according to the current market scenario. The fund consists of shares of amazon, facebook, HDFC bank etc.

Axis Bluechip Fund Direct Plan – Growth

This is also a equity based fund which has a current net asset value (NAV) of Rs 32.37 and holds no. 1 position in large cap fund based on 3 years returns. The mutual fund has 5 star rating as per rated by Morningstar, CRISIL and value research.

If we look at the performance of the fund then we will find that it provides 9.69 % profit in the last 3 months, 3.12 % in the last 1 year, 35.72 % profit in last 3 years and 61.69 % profit in last 5 years.

The mutual fund comes under moderately high risk level. The sectoral share of this fund consists of 27.59 % in financial sector, 11.81 % in technology sector, 8.88 % in FMCG, 8.67 % in healthcare and 6.53 % in services.

The fund consists of major shares of HDFC bank, Infosys and kotak Mahindra bank that make it good investment decision.

Axis Midcap Direct Plan – Growth

This is also an equity based fund which has a current net asset value (NAV) of Rs 42.12 and holds no. 1 position in midcap fund based on 5 years returns. The mutual fund has 5 star rating as per rated by Morningstar, CRISIL and value research.

If we look at the performance of the fund then we will find that it provides 11.05 % profit in the last 3 months, 9.35 % in the last 1 year, 32.45 % profit in last 3 years and 55.48 % profit in last 5 years.

The mutual fund comes under moderately high risk level. The sectoral share of this fund consists of 16.18 % in healthcare, 12.20 % in financial sector, 11.81 % in technology sector, 11.17 % in services, 6.98 % in FMCG, and 10.18 % in chemicals.

Author details:

Alok Aditya

Alokaditya01@gmail.com

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