Top 12 Best Mutual Funds to invest in 2020

With the start of the new year 2020, you might be thinking to invest in mutual funds. We all know that investing in mutual funds is much easier than buying or selling individual stocks on your own. Similar to last year, I have prepared a list of top 12 Best Mutual Funds to invest in 2020.

These funds are shortlisted based on several key parameters. In this post, let’s take a look at the Top 12 Best Mutual Funds to invest in 2020.

If you are planning to invest in mutual funds then here is a list of top 12 best mutual funds for investment in 2020

How these best mutual funds are shortlisted?

These schemes are selected based on the following parameters.

1. Types of Funds: I have shortlisted two fund schemes from each category (large-cap, large & mid-cap, multi-cap, mid-cap, small-cap, and ELSS tax saving funds).

2. Assets Under Management: All the shortlisted mutual funds here have Assets Under Management (AUM) of over Rs. 1000 Crores.

3. Crisil Rating: The selected schemes rated as Rank-1, Rank-2, and Rank-3 by Crisil. Rank1 is the highest rank.

4. Value Research Online: Value Research Online rated these schemes as 5 stars and 4 stars. Higher is better

5. Fund Performance: These schemes shortlisted on the basis of 3, 5 and 10 years performance.

6. Seven schemes out of these 12 schemes are already recommended by us in the year 2019. Hence if you have already invested in these schemes last year then it is a repetition for you.

Top 12 Best Mutual Funds to invest in 2020

On the basis of the above parameters, here is the list of Top 12 Best Mutual Funds to invest in 2020.

1. Axis Bluechip Fund (Large Cap)

2. Mirae Asset Large Cap Fund (Large Cap)

3. Mirae Asset Emerging Bluechip Fund (Large & Mid Cap)

4. Canara Robeco Emerging Equities Fund (Large & Mid Cap)

5. L&T Midcap Fund (Mid Cap) 

6. Franklin India Prima Fund (Mid Cap)

7. SBI Magnum Multicap Fund (Multi-cap)

8. Kotak Standard Multicap Fund (Multi-cap)

9. SBI Small Cap Fund (Small Cap)

10. Axis Small Cap Fund (Small Cap)

11. Axis Long Term Equity Fund (ELSS) 

12. DSP Tax Saver Fund (ELSS)

Best Large Cap Funds to invest in 2020

1. Axis Bluechip Fund

2. Mirae Asset Large Cap Fund

Scheme Name	Returns in Percentage*				AUM (Rs Crores)	Crisil Rank (Sep 30, 2019)	Value Research Rating (Out of 5)
	1 Year	3 Years	5 Years	10 Years
Large Cap Fund
Axis Bluechip Fund	19.52	20.15	10.36	NA	9481	1	5
Miare Asset Large Cap Fund	15.26	15.76	11.65	14.44	16519	2	5
Regular Plan with Growth option.  *As on 03/01/2020   Data Source: Value Research Online

Best Large & Midcap Funds to invest in 2020

1. Mirae Asset Emerging Bluechip Fund

2. Canara Robeco Emerging Equities Fund

Scheme Name	Returns in Percentage*				AUM (Rs Crores)	Crisil Rank (Sep 30, 2019)	Value Research Rating (Out of 5)
	1 Year	3 Years	5 Years	10 Years
Large & Midcap Fund
Mirae Asset Emerging Bluechip Fund	18.08	17.29	11.43	NA	9229	1	5
Canara Robeco Emerging Equities Fund	10.64	13.80	11.43	18.00	5258	3	4
Regular Plan with Growth option.  *As on 03/01/2020   Data Source: Value Research Online

Best Mid Cap Funds to invest in 2020

1. L&T Midcap Fund

2. Franklin India Prima Fund

Scheme Name	Returns in Percentage*				AUM (Rs Crores)	Crisil Rank (Sep 30, 2019)	Value Research Rating (Out of 5)
	1 Year	3 Years	5 Years	10 Years
Mid Cap Fund
L&T Midcap Fund	2.31	9.93	10.90	14.12	5928	3	4
Franklin India Prima Fund	5.66	9.45	8.63	14.66	7604	2	4
Regular Plan with Growth option.  *As on 03/01/2020   Data Source: Value Research Online

Best Multi-Cap Funds to invest in 2020

1. SBI Magnum Multicap Fund

2. Kotak Standard Multicap Fund

Scheme Name	Returns in Percentage*				AUM (Rs Crores)	Crisil Rank (Sep 30, 2019)	Value Research Rating (Out of 5)
	1 Year	3 Years	5 Years	10 Years
Multi-Cap Fund
SBI Magnum Multicap Fund	13.34	12.75	10.63	11.23	8317	2	4
Kotak Standard Multicap Fund	14.54	14.23	10.96	13.45	29096	2	4
Regular Plan with Growth option.  *As on 03/01/2020   Data Source: Value Research Online

Best Small Cap Funds to invest in 2020

1. SBI Small Cap Fund

2. Axis Small Cap Fund

Scheme Name	Returns in Percentage*				AUM (Rs Crores)	Crisil Rank (Sep 30, 2019)	Value Research Rating (Out of 5)
	1 Year	3 Years	5 Years	10 Years
Small Cap Fund
SBI Small Cap Fund	8.35	15.01	13.38	17.66	3035	2	5
Axis Small Cap Fund	20.75	14.18	11.12	NA	1366	1	4
Regular Plan with Growth option.  *As on 03/01/2020   Data Source: Value Research Online

Best ELSS Funds to invest in 2020

1. Axis Long Term Equity Fund

2. DSP Tax Saver Fund

Scheme Name	Returns in Percentage*				AUM (Rs Crores)	Crisil Rank (Sep 30, 2019)	Value Research Rating (Out of 5)
	1 Year	3 Years	5 Years	10 Years
ELSS Fund
Axis Long term Equity Fund	16.62	17.43	11.03	17.28	21160	1	5
DSP Tax Saver Fund	17.27	13.10	10.76	13.23	6186	2	4
Regular Plan with Growth option.  *As on 03/01/2020   Data Source: Value Research Online

Top 12 Best Mutual Funds to invest in 2020

The list of Top 12 Best Mutual Funds to invest in 2020 is as below

Scheme Name	Returns in Percentage*				AUM (Rs Crores)	Crisil Rank (Sep 30, 2019)	Value Research Rating (Out of 5)
	1 Year	3 Years	5 Years	10 Years
Large Cap Fund
Axis Bluechip Fund	19.52	20.15	10.36	NA	9481	1	5
Mirae Asset Large Cap Fund	15.26	15.76	11.65	14.44	16519	2	5
Large & Midcap Fund
Canara Robeco Emerging Equities Fund	10.64	13.80	11.43	18.00	5258	3	4
Mirae Asset Emerging Bluechip Fund	18.08	17.29	15.61	NA	9229	1	5
Mid Cap Fund
L&T Midcap Fund	2.31	9.93	10.09	14.12	5928	3	4
Franklin India Prima Fund	5.66	9.45	8.63	14.66	7604	2	4
Multi-Cap Fund
SBI Magnum Multicap Fund	13.34	12.75	10.63	11.23	8327	2	4
Kotak Standard Multicap Fund	14.54	14.23	10.96	13.45	29096	2	4
Small Cap Fund
SBI Small Cap Fund	8.35	15.01	13.38	17.66	3035	2	5
Axis Small Cap Fund	20.75	14.18	11.12	NA	1366	1	4
ELSS Fund
Axis Long term Equity Fund	16.62	17.43	11.03	17.28	21160	1	5
DSP Tax Saver Fund	17.27	13.10	10.76	13.23	6186	2	4
Regular Plan with Growth option.  *As on 03/01/2020   Data Source: Value Research Online

The above mentioned Top 12 best mutual funds consist of two large-cap funds, two large and mid-cap funds, two mid-cap funds, two multi-cap funds, two small-cap funds, and two ELSS funds. There is a risk associated with investing in mutual funds schemes. Hence you should choose mutual fund schemes which are in line with your investment objective and risk appetite.

Disclaimer: This blog post is strictly for informational purposes only. Mutual funds do not guarantee any returns. Past performance of a mutual fund may or may not repeat in the future. Please consult a mutual fund or financial planner before making any investment decision.

Also read: 5 Best ELSS Tax Saving Mutual Funds to invest in 2020

Also read: How to invest in mutual funds online?

Also read: All about ELSS | Tax saving mutual funds

Also read: Benefits of SIP | Advantages of SIP

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Note: This post was originally published on January 6, 2020.

Top 12 Best Mutual Funds to invest in 2020