Check top 10 best performing mutual funds in Invesco closed end funds 2015 tax guide pdf to invest for SIP. Mutual funds are good investment products for people who are not risk-averse.
I also listed them based on how they can perform and how safe the investment will be. Only time will tell if my assessment is right. But that is impossible to tell now and can only be known in hindsight. You can invest capital in mutual funds to save tax or get tax concessions and also to grow wealth. For someone who is warming up to the investment game, choosing the right mutual funds can be a tricky proposition. Many factors affect these products including fund house rules, fund managers, stock market fluctuations, and portfolio allocation. A fund that performed well in the past may or may not not continue to provide good returns in the future.
Balanced funds and ELSS mutual funds have not been considered. Only Diversified Equity Funds considered. No segregation made on large, mid, small cap funds. No CRISIL MF ranking factor as it is not very important factor in my opinion. Risk Analysis is also an important factor when choosing the best mutual funds.