Best Mutual Funds for Salaried Individuals<\/span><\/strong><\/h2>\nNow that we have learned about mutual funds, we can safely discuss the best mutual funds for salaried individuals so that we can get maximum earnings with minimum risk:<\/span><\/p>\nHDFC Arbitrage Fund<\/span><\/strong><\/h3>\n <\/p>\n
The HDFC Arbitrage Fund focuses on the arbitrage opportunities emerging from cash and financial derivatives.\u00a0<\/span><\/p>\nOne of India’s biggest mutual fund houses, HDFC Asset Management Company, founded in September 2007, offers it. This mutual fund falls under the category of arbitrage and is open-ended.<\/span><\/p>\n <\/p>\n
The hybrid HDFC Arbitrage Fund has a preference for mid-cap companies. The portfolio is composed primarily of debt and money market securities, with equity and equity-related products making up about 2\/3 of the total. You can apply for the HDFC Arbitrage fund online and offline.\u00a0<\/span><\/p>\nFor the most part, the fund has outperformed the benchmark returns and is a solid choice for long-term investors wishing to plan their retirement, purchase a home, get married, or have children.\u00a0<\/span><\/p>\nHowever, before investing in risky assets like mutual funds, you should always speak with your financial advisor.\u00a0<\/span><\/p>\nICICI Prudential Regular Savings Fund Direct-Growth<\/span><\/strong><\/h3>\n <\/p>\n
ICICI Prudential Mutual Fund’s Conservative Hybrid mutual fund program is called ICICI Prudential Regular Savings Fund Direct-Growth. This fund was established on January 1, 2013, and has been operating for ten years and nine months.\u00a0<\/span><\/p>\nICICI Prudential Regular Savings Fund Direct-Growth is a medium-sized plan in its area with assets under management (AUM) of Rs.3,267 Crores as of June 30, 2022. The fund’s expense ratio, which is 0.99%, is greater than what the majority of comparable Conservative Hybrid funds charge. Currently, the fund is allocated 19.16% to equities and 64.97% to debt.<\/span><\/p>\nThe 1-year returns for the ICICI Prudential Regular Savings Fund Direct-Growth are 7.03%. Moreover, it has generated returns of 10.72% annually since the start. Every seven years, the fund has doubled the amount invested in it.<\/span><\/p>\nThe ability of the ICICI Prudential Regular Savings Fund Direct-Growth scheme to generate returns continuously is comparable to that of the majority of funds in its class. It performs better than average at limiting losses in a down market.<\/span><\/p>\nInvestments in the Financial, Communication, Insurance, Energy, and Healthcare sectors make up most of the fund’s equity holdings. Comparatively to other funds in the category, it has taken less risk in the financial and communication industries.<\/span><\/p>\nAt last, the fund’s debt has a low credit rating, indicating that the borrowers it has lent money to are not of very high calibre.<\/span><\/p>\nInvesco India Tax Plan Direct-Growth<\/span><\/strong><\/h3>\n <\/p>\n
An ELSS mutual fund program from Invesco Mutual Fund is called Invesco India Tax Plan Direct-Growth. This fund was established on January 1, 2013, and has been operating for nine years and seven months.\u00a0<\/span><\/p>\nAs of June 30, 2022, this mutual fund managed 1,818 Crores in assets, making it a medium-sized vehicle in its class. The fund’s expense ratio of 0.85% is lower than that of most other ELSS products.<\/span><\/p>\nThe 1-year returns for Invesco India Tax Plan Direct-Growth are 30%. It has generated 17.02% average annual returns since its start. Every three years, the fund has doubled the amount invested in it.<\/span><\/p>\nSBI Blue-chip Direct Plan-Growth<\/span><\/strong><\/h3>\n <\/p>\n
SBI Mutual Fund’s SBI Blue-chip Direct Plan-Growth is a Large Cap mutual fund product. This fund was established on January 1, 2013, and has been operating for more than nine years now.<\/span><\/p>\nIt is a medium-sized fund in its category with assets under management (AUM) of 32,773 Crores as of June 30, 2022. The fund has a higher expense ratio than most other large-cap funds, at 0.95%.<\/span><\/p>\nLast year’s SBI Blue-chip Direct Plan-Growth returns were 5.91%. It has produced returns of 15.55% on average per year since its debut. Every three years, the fund has doubled the amount invested in it.<\/span><\/p>\nUTI Short-Term Income Direct-Growth<\/span><\/strong><\/h3>\n <\/p>\n
A Short Duration mutual fund product from UTI Mutual Fund is UTI Short-term Income Direct-Growth. It is a medium-sized fund in its category with Rs. 2,315 Crores in assets under management (AUM) as of June 30, 2022.\u00a0<\/span><\/p>\nThe fund’s expense ratio is 0.34%, which is comparable to what most other short-term funds charge.<\/span><\/p>\nThe 1-year returns on UTI Short-term Income Direct-Growth are 8.36%. It has produced returns of 7.34% annually on average since its debut.<\/span><\/p>\nThis scheme has a consistent return comparable to most funds in its class. It has a strong capacity to minimize losses in a declining market.<\/span><\/p>\nAxis Blue-Chip Fund<\/span><\/strong><\/h3>\n <\/p>\n
The Axis Mutual Fund House owns the open-ended large cap equity Axis Bluechip Fund. The fund officially opened on January 5, 2010.<\/span><\/p>\nThe fund’s stated investment goal is to “create long-term capital growth through investments in a diversified portfolio that are primarily made up of equities and equity-related instruments of large-cap corporations.<\/span><\/p>\nAs of July 31, 2022, the Axis Bluechip Fund had assets under management totaling Rs, 35915.36 crore. As of June 30, 2022, the expense ratio for the fund’s Regular plan is 1.69%.<\/span><\/p>\nParag Parikh Flexi Cap Fund Direct-Growth<\/span><\/strong><\/h3>\n <\/p>\n
An Open-ended Flexi Cap Equity scheme that is a part of PPFAS Mutual Fund House is the Parag Parikh Flexi Cap Fund – Direct Plan. It was launched on May 28, 2013.<\/span><\/p>\nThe fund’s investment goal states: “By investing predominantly in equities and equity-related securities, the scheme seeks to generate long-term capital appreciation. It is compared to the NIFTY 500 Total Return Index as a benchmark.<\/span><\/p>\nAs of September 1, 2022, the Parag Parikh Flexi Cap Fund’s Direct Plan’s Current Net Asset Value for the Growth option is Rs 51.13. As of July 31, 2022, it has assets under management of Rs 24594.84 crore.<\/span><\/p>\nKotak Emerging Equity Fund Regular-Growth<\/span><\/strong><\/h3>\n <\/p>\n
A Kotak Mahindra Mutual Fund House open-ended mid-cap equity program is the Kotak Emerging Equity Fund Regular Plan. The fund began operations on March 30, 2007.<\/span><\/p>\nAccording to the fund’s investment goal, which is measured against the NIFTY Midcap 150 Total Return Index, the scheme intends to provide long-term capital appreciation through a portfolio of equities and equity-related instruments by investing primarily in mid-sized companies.<\/span><\/p>\nAs of September 1, 2022, the Kotak Emerging Equity Fund Regular Plan’s Current Net Asset Value for the Growth option is Rs 77.00. As of July 31, 2022, the Kotak Emerging Equity Fund Regular Plan had assets under management totaling Rs. 20619.12 crores.<\/span><\/p>\nConclusion<\/span><\/strong><\/h2>\nA mutual fund is a formidable investment choice that could help salaried individuals to build wealth over the long run. Mutual funds offer plans for every aspect of life, from retirement to accumulating wealth. <\/span><\/p>\nYou offer investments for conservative and risk-averse investors.<\/span><\/p>\nThe benefit of diversity, low cost, freedom to invest in lesser quantities, and expert fund management are all advantages. <\/span><\/p>\nHowever, Mutual funds are subject to market risks and read all scheme-related documents carefully.<\/span><\/p>\n ","protected":false,"gt_translate_keys":[{"key":"rendered","format":"html"}]},"excerpt":{"rendered":"Your financial needs escalate as you get older, and you suddenly discover that a fixed monthly salary won’t be enough to cover everything. You will require a smart investment strategy that provides enough funds when needed and even performs your duties while you are away. Mutual funds are among the best investment possibilities, which you …<\/p>\n ","protected":false,"gt_translate_keys":[{"key":"rendered","format":"html"}]},"author":16,"featured_media":9659,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[8],"tags":[29],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/aayushbhaskar.com\/wp-content\/uploads\/2022\/09\/Best-Mutual-Funds-for-Salaried-Individuals.png","acf":[],"yoast_head":"\n
Best Mutual Funds for Salaried Individuals (2024) - Aayush Bhaskar<\/title>\n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n \n \n \n \n\t \n","gt_translate_keys":[{"key":"link","format":"url"}],"_links":{"self":[{"href":"https:\/\/aayushbhaskar.com\/wp-json\/wp\/v2\/posts\/9642"}],"collection":[{"href":"https:\/\/aayushbhaskar.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/aayushbhaskar.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/aayushbhaskar.com\/wp-json\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/aayushbhaskar.com\/wp-json\/wp\/v2\/comments?post=9642"}],"version-history":[{"count":0,"href":"https:\/\/aayushbhaskar.com\/wp-json\/wp\/v2\/posts\/9642\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/aayushbhaskar.com\/wp-json\/wp\/v2\/media\/9659"}],"wp:attachment":[{"href":"https:\/\/aayushbhaskar.com\/wp-json\/wp\/v2\/media?parent=9642"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/aayushbhaskar.com\/wp-json\/wp\/v2\/categories?post=9642"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/aayushbhaskar.com\/wp-json\/wp\/v2\/tags?post=9642"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}