Top Mutual Funds with Consistent Returns in the Last 10 Years
Over the past few years, investing in mutual funds has been gaining popularity among investors for growing wealth. Choosing the right fund is necessary as it offers consistent returns and helps to maximise wealth over the long term. By carefully evaluating past performance and analysing if the funds have a strong track record, investors can earn maximum returns. However, with so many fund schemes available in the market, it often becomes challenging to choose the right one.
This article highlights some of the top-performing funds that have shown remarkable performance over the past 10 years and help you make the right decision.
Why Choose Mutual Funds with a Strong Track Record?
Investing in funds offering consistent returns, especially over the past decade, is essential as they provide stability of returns, considering they have a long history of positive performance. When investors invest in long-term and high-performing funds, the returns are maximised, and they can enjoy the power of compounding. Mutual funds with historical consistency ensure lower risks and offer assurance to investors, especially first-timers and the ones considering investing in the long run.
Top Performing Mutual Funds Over the Last 10 Years
Let’s explore the mutual funds that have been performing well and consistently over the past 10 years:
- Nippon India Small Cap Fund
- Category: Small Cap
- 10 Year Return: 20.28%
- Quant ELSS Tax Saver Fund
- Category: ELSS (Equity Linked Savings Scheme)
- 10 Year Return: 19%
- ICICI Prudential Thematic Advantage Fund
- Category: FOF (Domestic) – Equity Oriented
- 10 Year Return: 15.01%
- Motilal Oswal Midcap Fund
- Category: Mid-Cap
- 10 Year Return: 17.42%
- SBI Small Cap Fund
- Category: Small Cap
- 10 Year Return: 18.49%
- Axis Small Cap Fund
- Category: Small Cap
- 10 Year Return: 17.32%
- Quant Flexi Cap Fund
- Category: Flexi Cap
- 10 Year Return: 18.11%
- HSBC Small Cap Fund
- Category: Small Cap
- 10 Year Return: 23.67%
- Parag Parikh Flexi Cap Fund
- Category: Flexi Cap
- 10 Year Return: 17.81%
- Nippon India Small Cap Fund
- Category: Small Cap
- 10 Year Return: 20.28%
Steps to Invest in Mutual Funds Online
Follow the steps mentioned below to successfully invest in funds:
- Do your research and choose a reliable MF online platform that is user-friendly and safe to use, like Bajaj Finserv.
- Create your account by providing the required information.
- Complete the KYC verification by uploading the documents like Aadhar and PAN cards.
- After assessing your financial goals and risk appetite, choose a funds scheme you want to invest in.
- Choose between a lump-sum or SIP (Systematic Investment Plan) and start investing.
- Track your performance regularly and make adjustments wherever necessary.
Key Considerations Before Investing in Mutual Funds
Consider these points before investing in mutual funds:
- Assess your financial goals, current situation and risk tolerance and choose a fund scheme accordingly.
- Try investing in long-term schemes as they offer compounding benefits.
- Evaluate the past performance of the fund, including its historical returns, but make sure to understand that it doesn’t guarantee success.
- Check if there are any annual fees charged by the fund to cover the operation and management costs.
- Diversify your investments in different classes to earn maximum returns and bear less risk.
- Expense ratios can significantly increase your costs, so compare your options and choose the one that’s best suited for you.
Final Thoughts
Opting for the right mutual funds includes evaluation of past performance and their growth over the past decade. However, investors must understand their risk profile and align the investment with their financial goals. Make sure you consider the above points and choose a trusted platform, like Bajaj Finserv, to make your investment decisions safely.
