You can invest money in mutual funds with other investors and in stocks and bonds. It professionally manages by the broker or the advisor, who comes with low fees.
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What are Mutual Funds?
It is an asset management company (AMC) with several investments in individual and institutional investors to purchase stock and bonds. This has fund managers manage the investment and keep track record of the managing portfolio of investment, that is, investment in the avenues. They are regulated by the Securities and Exchange Board of India (SEBI), considered the best investment option. Investments are allowed to purchase or redeem the fund, which prevails over the net asset value (NAV); it varies with the regular performances in the underlying assets.
Top 3 Mutual Funds to Invest in 2023.
Mutual funds are a popular investment in India, attracting people to the different options. It has a wide range of investments with a low expenses ratio compared to the investments, liquidity in addition, which is not in other investments.
Axis Mutual Fund
Axis Asset Management Company Ltd. is the mutual investment of Axis Bank, India’s largest private Bank. It has a 74.99% share of AMC, which is of Axis Bank, and rest 24% is by Schroder Singapore Holdings Private Limited.
It was incorporated in October 2009 and has three basic elements:
Outside-in view – It is communicated with the customer to assist them with better investment decisions.
Long-term wealth Creation: It Encourages the investors to create a long-term investment strategy that plays a critical role in wealth management.
Long-term Relationship: You can build relationships with the finances.
How can you Invest in your Axis Mutual Funds?
You can invest in Axis Mutual Funds, which reduces the risk by investing in a diverse portfolio. The investment can be made online as well as offline, in Offline mode you can fill up the investment application form; in online mode, you can follow the steps below:
- It would help if you were the Axis Bank account holder.
- Get your KYC done.
- The status of the Saving Bank account needs to be single or survivor.
- The account opening application needs to be signed by the Bank Account Holders.
Top Fund Managers Axis Bank
| Axis Bank Manager’s | Positions | Key Funds Manages |
| Mr. Jinesh Gopani | Assistant Fund manager | Axis Long Term Equity Fund, Axis Growth Opportunities Fund, and Axis Focused 25 Fund |
| Mr. Shreyash Devalkar | Senior Fund Manager | Axis Multicap Fund, Axis Mid Cap Fund, and Axis Blue-chip Fund. |
| Mr. Anupam Tiwari | Fund Manager of Equity | Axis Small Cap Fund, Axis Equity Saver Fund, and Axis Dynamic Equity Fund. |
| Mr. Ashish Naik | Fund Manager | Axis Regular Saver Fund, Axis Equity Hybrid Fund, Axis Children’s Gift Fund – Compulsory Lock-In, Axis Triple Advantage Fund, and Axis NIFTY ETF. |
| Mr. Viresh Joshi | Fund Manager and the Chief Trader | ETFs, equity derivatives, and equity. |
| Mr. R. Sivakumar | Head of Fixed Income | Axis Triple Advantage Fund, Axis Equity Saver Fund, Axis Equity Hybrid Fund, Axis Dynamic Equity Fund, Axis Dynamic Bond Fund, and Axis Children’s Gift Fund – Compulsory Lock-In. |
Axis Mutual Bank Schemes
| Axis Mutual Bank Scheme | 1 Y Returns | AUM | Min Investment Amount | Category | Risk |
| Axis Small Cap Fund Direct Growth | 11.1% | Rs. 11,601 Cr | Rs. 500 | Equity | Very High |
| Axis Midcap Direct Plan Growth | 7.1%
|
Rs. 18,749 Cr | Rs. 500 | Equity | Very High |
| Axis Corporate Debt Fund Direct Growth | 6.9% | Rs. 4,388 Cr | Rs. 5000 | Debt | Moderate |
| Alex Flexi Cap Fund Direct Growth | 3.3% | Rs. 9,947 Cr | Rs. 500 | Equity | Very high |
| Axis Bluechip Fund Direct Plan Growth | 4.7% | Rs. 32,615 Cr | Rs. 500 | Equity | Very high |
| Axis Credit Risk Fund Direct Growth | 7.2% | Rs. 590 Cr | Rs. 5000 | Debt | Moderate High |
HDFC Mutual Fund
HDFC Mutual Fund is a current mutual fund that actively manages the equity in the mutual funds. It has profitable assets which are managed by AMC in the country. It has managed assets of Rs. 432084.97 crores end of March 31, 2022.
In the last five years, the CAGR of:
| Revenue from Operator | 17.41% |
| Operator Profit | 20.08% |
| Profit Before Tax | 21.35% |
| Profit After Tax | 21.07% |
| Assets under Management | 25.86% |
| Active Equity AuM | 32.27% |
How can you Invest in HDFC Mutual Funds?
The HDFC mutual funds application can fill by online and offline; if you prefer the online method, then follow the steps:
- The applicant should have an account in HDFC Bank.
- The applicant should have completed the KYC complaint.
- The savings bank status account should be single.
- All the bank account holders must sign the account opening application form.
| HDFC Bank Manager’s | Positions | Key Funds Manages |
| Mr. Chirag Setalvad | Senior Fund Manager of Equities | Small Cap Fund, Retirement Savings Fund, Multi Asset Fund, Mid-Cap Opportunities Fund, Long Term Advantage Fund, Hybrid Equity Fund, Children’s Gift Fund, |
| Mr. Prashant Jain | Fund Manager | |
| Mr. Vinay R. Kulkarni | Senior Fund Manager of Equities. | Equity Savings Direct Plan, Taxsaver Direct Plan, Focused 30 Fund, Growth Opportunities Fund |
| Mr. Shobhit Mehrotra | Head of Credit and Senior Fund Manager of Fixed Income | Retirement Savings Fund, Medium Term Debt Fund, Credit Risk Debt Fund, Floating Rate Debt Fund, Income Direct Plan, Medium Term Debt Fund |
| Mr. Anupam Joshi | Portfolio Manager and Fund Manager of Fixed Income | Corporate Bond, Low Duration Fund, Liquid Direct Plan, etc. |
| Mr. Anil Bamboli | Senior Fund Manager | Banking and PSU Debt Fund, Short Term Debt Fund, Gilt Fund, Money Market Fund, Overnight Fund, Dynamic Debt Fund, Equity Savings, Dynamic PE Ratio Fund of Funds, Multi Asset Fund |
HDFC Schemes
HDFC retirement Saving Fund
| HDFC Bank Scheme | 1 Y Returns | AUM | Min Investment Amount | Category | Risk |
| HDFC Retirement Saving Fund Equity Plan Direct Growth | 17.5% | Rs 2,776 Cr | Rs 100 | Solution Oriented | Very High |
| HDFC Gold Direct Plan Growth | 18.3% | Rs 1,517 Cr | Rs 100 | Other | Very High |
| HDFC flexi cap Direct Plan Growth | 16.9% | Rs 31,893 Cr | Rs 100 | Equity | Very High |
| HDFC Balanced Advantage Fund Direct Plan Growth | 17.8% | Rs. 52,079 Cr | Rs 100 | Hybrid | Very High |
| HDFC Index S&P BSE Sensex Direct Plan Growth | 10.7% | Rs 4,405 Cr | Rs 100 | Other | Very High |
| HDFC Retirement Saving Fund Hybrid Equity Plan Direct Growth | 15.5% | Rs 948 Cr | Rs 100 | Solution Oriented | Very High |
| HDFC Dyanmic PE Ratio FoF Direct Growth | 13.6% | Rs 31 Cr | Rs 100 | Other | High |
SBI Mutual Fund
The SBI Mutual Fund is a private limited company with India’s largest and oldest Mutual funds, which has the Joint Venture between India’s largest and most profitable banks with the asset management company.
SBI is the first company to launch the ESC fund with social governance that provides the resources invested in the major markets. In March 2022, the SBI fund managed assets worth Rs. 647067.24 crores and registered with the Securities and Exchange Board of India.
How to Invest in SBI Mutual Funds?
The SBI mutual funds application can fill by online and offline; if you prefer the online method, then follow the steps:
- The applicant should have an account in SBI Bank.
- The applicant should have completed the KYC complaint.
- The savings bank status account should be single.
- All the bank account holders must sign the account opening application form.
| SBI Managers | Position | Key Funds |
| Mr. Ashwani Bhatia | Deputy Managing Director | credit and treasury, International Banking and Retail |
| Mr. Nicholas Simon | Deputy CEO | market trends, controlling inflation |
| Mr. R. S. Srinivas Jain | Executive Director & Chief Marketing Officer | Investment Management |
| Mr. D.P. Singh | Executive Director & Chief Marketing Officer | Retail Banking and Information Technology initiatives. |
| Ms. Aparna Nirgude | Chief Risk Officer | Investment Management |
| Mr. Rahul Mayor | Chief Investor Relations Manager | Retail Banking, analytics, business management, investor relations and distributor value propositions |
SBI Schemes
| SBI Bank Scheme | 1 Y Returns | AUM | Min Investment Amount | Category | Risk |
| SBI Contra Fund | 17.8% | Rs 8,979 Cr | Rs 5,000 | Equity | Very High |
| SBI Large and Midcap Fund | 12.1% | Rs 9,827 Cr | Rs 5,000 | Equity | Very High |
| SBI Banking and Financial Services Fund | 14.7% | Rs 3,767 Cr | Rs 5,000 | Equity | Very High |
| SBI Magnum Gilt Fund | 9.1% | Rs 5,667 Cr | Rs 5,000 | Debt | Moderate |
| SBI Consumption Opportunities
Fund |
13.1% | Rs 8,734 Cr | Rs 5,000 | Equity | Very High |
Conclusion
Investing in the top 3 mutual funds in 2023 is the best while choosing the funds with a strong track record of performance, low fees, and well diversified. Furthermore, it is recommended to consult a financial advisor to understand the various fund options before making an investment decision.
Frequently Asked Question
Q1. How to Start SBI Mutual Fund SIP Online?
Ans. You can start through any website and use any platform to invest in SBI funds.
Q2. How to redeem SBI Mutual Fund?
Ans. You can redeem them offline, visit the SBI bank near you and redeem the investment by signing in the folio number.
Q3. How to increase the SIP amount in the Axis mutual fund?
Ans. The step-up or top-up SIPs can increase a SIP amount.
Q4. How to stop a SIP in an Axis Mutual Fund online?
Ans. Yes, you can stop SIP online anytime by canceling the SIP request.
Q5. How to Calculate HDFC Mutual Fund SIP?
Ans. You need the investment amount, the tenure of the SIP, HDFC SIPs, and the interest rate.
