Diversification is important in financial planning. Invest in multiple financial instrument is important to get better returns. The investments should be on gold, bonds, stocks, real estate and mutual funds for better returns. This post we would discuss long term funds for more than 5 years to get better returns.
Diversification is of paramount importance.
We can invest on mutual funds for better diversification. Below are top best high returns mutual funds for long term investment. You can start investing on this funds with monthly SIP of 500 rupees.
- Axis midcap Direct plan growth
- Axis Bluechip fund direct plan growth
- UTI Equity Fund Direct growth
- UTI Nifty Index Fund Equity fund
Axis midcap Direct plan growth:
This fund invests to achieve long term capital appreciation by investing predominantly in equity and equity related investment of mid cap instruments. As a moderately high risk, this direct fund is suited for investors who looks for investment more than 7 years.
3 years returns is 12%. We can start with monthly 500 rupees. Returns are taxed at 15%,if you redeem before one year. After 1 year, you are require to pay LTCG tax of 10% on returns of Rs 1 lakhs in a financial year.
Axis Bluechip fund direct plan growth:
As a moderately high risk, this direct fund is suited for investors who looks for investment more than 5 years. This fund is least expense fund with expense ratio of 0.56%. 3 years returns is 11%. We can start with monthly 500 rupees. Returns are taxed at 15%,if you redeem before one year. After 1 year, you are require to pay LTCG tax of 10% on returns of Rs 1 lakhs in a financial year.
UTI Equity Fund Direct growth:
As a moderately high risk, this direct fund is suited for investors who looks for investment more than 5 years. This fund returns higher than average. 1 years returns is 14%. We can start with monthly 500 rupees. Returns are taxed at 15%,if you redeem before one year. After 1 year, you are require to pay LTCG tax of 10% on returns of Rs 1 lakhs in a financial year.
UTI Nifty Index Fund Equity:
This direct index fund is good choice if you have confusion to select fund to invest for long term. This fund returns aligned with nifty index. 5 years returns is 8%. We can start with monthly 500 rupees. Returns are taxed at 15%,if you redeem before one year. After 1 year, you are require to pay LTCG tax of 10% on returns of Rs 1 lakhs in a financial year.
Start your investment with monthly 500 in mutual funds SIP. It is easy to start and flexible.
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