Investing may be challenging and confusing. Although there are many investment opportunities, such as stocks, mutual funds, and equity bonds, research indicates that 31% of investors are likely to prefer investing in mutual funds.
Recently, mutual funds have become incredibly popular, and the market is expanding exponentially. One of the fundamental causes is that it provides a variety of schemes to meet the needs of investors in the market according to their risk profile.
What factors should you consider before Investing?
It is essential to comprehend various aspects before investing in Nippon mutual funds. You should know the following factors:
1. Performance History
It is essential to research a fund’s past performance before investing. For example, you can understand a mutual fund scheme’s initial responses to various market conditions by analysing the performance characteristics.
2. Purpose of Investment
Knowing your financial goals in detail might help you choose the best scheme from the top Nippon mutual funds. You can select a system that will enable you to achieve your financial objectives within the time frame that you set.
3. Risk Taking
Equity funds are prone to market risks and are unpredictable. Therefore, assessing your capacity for risk and considering every aspect before investing in Nippon mutual funds is essential.
- Expenses Ratio
Consider the expense ratio and a fund’s operational and management costs.
List of Top 6 Nippon Mutual Funds in India
By primarily investing in stock and equity-related instruments, as well as money market securities, the Nippon mutual fund scheme’s main investment goal is to achieve long-term capital appreciation and provide consistent returns.
The below list includes some of the top performers from this fund firm that you chose based on several parameters.
1. Nippon India Small Cap Fund Direct-Growth
Nippon India Small Cap Fund generated annualised returns of 34.1% over the previous three years and 15.06% during the past five years. It falls within the Nippon mutual funds’ equity category.
2. Nippon India Gilt Securities Fund Direct-Growth
Nippon’s Gilt Securities Fund realised overall returns of 5.84% annually over three years and 8.06% annually over the previous five years. The debt subcategory of mutual funds includes the Nippon India Gilt Securities Fund.
3. Nippon India Large Cap Fund Direct-Growth
The Nippon India Large Cap Fund efficiently delivered returns of 16.1% yearly for the last three years and 11.38% over the five years. It comes under the equity subcategory of Nippon India Mutual Funds.
4. Nippon India Tax Saver (ELSS) Fund Direct-Growth
Tax Saver (ELSS) Fund by Nippon India accumulated returns of 13.86% over the last three years and 3.97% yearly over the previous five years. The equity subcategory includes the Nippon India Tax Saver Fund.
5. Nippon India Liquid Fund Direct-Growth
The Nippon India Liquid Fund achieved returns of 4.22% consistently over three years and 5.38% during five years. Nippon’s Liquid Fund is under the debt sector of the Nippon India mutual funds scheme.
6. Nippon India Equity Hybrid Fund Direct-Growth
The Nippon India Equity Hybrid Fund produced earnings of 5.69% over five years and 9.32% during three years in the past. The Hybrid division of the Nippon mutual fund covers the Nippon Equity Hybrid Fund.
Quick Wrap Up
The benefits of mutual funds are becoming increasingly evident. They have high returns, are efficiently managed, and are affordable investments. In addition, there are many different sorts of funds from which you can select, regardless of whether you are an expert investor or a novice risk taker.
It is advisable to start investing rather than wait until later. Therefore, you must begin creating small monthly deposits in Nippon India Mutual Funds if you have savings and are seeking a chance.