Having an AUM of INR 13,834.27 cr, the companies chosen for the portfolio of this fund are the ones with high growth prospects to assist the investment goal of quick wealth creation.

Classified as very high risk, the PGIM India Midcap Opportunities Fund is best suited for investors who aim to invest for at least 3-4 years and are seeking high returns, and have a 5-year CAGR of 21.23%. While the minimum lump sum amount is INR 5000, for units crossing 10% of the investment, 0.5% will be the levied charges for redemption within 90 days. With an expense ratio of 0.37% and a minimum SIP amount of INR 1000, the PGIM India Midcap Opportunities fund currently has an AUM of INR 2383.38 cr. While the returns are taxed at 15% if the fund is redeemed before one year, customers are required to pay 10% along with an LTCG tax on the returns of INR 1 lakh+ in a financial year. With a current Asset Under Management (AUM) of INR 3,691.25 cr, the fund is rated extremely high risk and the minimum SIP (Systematic Investment Plan) is set to 1000.

Canara Robeco Bluechip Equity Fund (Large-Cap)ДЄn equity mutual fund scheme launched by Canara Robeco Mutual Fund, this scheme has been available since 2013 and seeks to provide capital appreciation by mainly investing in companies having large market capitalization. The Axis Bluechip Fund aims to generate long-term capital growth through investment in a diverse portfolio and is suitable for investors who are looking for long-term capital appreciation. While they are less volatile than mid-cap or small-cap stocks and have sufficient liquidity, they are rated high risk and the minimum SIP is set to INR 500 with the minimum lump sum investment set to INR 5000. Launched by Axis Mutual Fund, the Axis Bluechip Fund currently has an AUM of INR 29,160.6 crore and invests in blue-chip stocks or stocks of large organizations that are financially stable and established. Mutual funds are often categorized as large-cap funds, mid-cap funds, small-cap funds, flexi cap funds, and ELSS (Equity-Linked Savings Scheme) funds. However, before delving into the best-performing mutual funds, itвЂ™s necessary to understand their classification.

Top best performing mutual funds