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Best Equity Mutual Funds
Equity mutual funds are a sort of mutual fund, with a portfolio manager investing the money of the investors in the stocks (also called equities) of a company. Often these kinds of funds are known to be based high-risk high-profit fundamentals, and you have to choose to invest in them to attain bigger objectives. In addition to having countless advantages, including dividend revenue, liquidity, and capital appreciation potential, the portfolio of equity funds also provides the diversification benefit. The Best Equity Mutual Funds are those that align with your goal and has a proven record of consistent performance.
1. ICICI Pru Equity Savings Fund (G)
Launched on Dec 05, 2014, this fund belongs to Hybrid: Equity Savings category and contains Moderately High risk benchmarking NIFTY Equity Savings. This Scheme seeks to generate regular income through investments in fixed income securities and using arbitrage and other derivative Strategies and has been ranked 3 among the best equity mutual funds. Minimum SIP investment starts from Rs. 100.
2. AXIS Equity Saver Fund (G)
Launched on Aug 20, 2015, this fund belongs to Hybrid: Equity Savings category and contains Moderately High risk benchmarking NIFTY Equity Savings. The scheme seeks to provide capital appreciation and income distribution to the investors by using equity and equity related instruments, arbitrage opportunities, and investments in debt and money market instruments and has been ranked 5 among the best equity mutual funds. Minimum SIP investment starts from Rs. 1000.
3. SBI Equity Savings Fund (G)
Launched on May 27, 2015, this fund belongs to Hybrid: Equity Savings category and contains Moderately High risk benchmarking NIFTY Equity Savings. The scheme seeks to generate income by investing in arbitrage opportunities in the cash and derivatives segment of the equity market, and capital appreciation through a moderate exposure in equity and has been ranked 4 among the best equity mutual funds. Minimum SIP investment starts from Rs. 500.
4. Aditya Birla SL Equity Savings Fund (G)
Launched on Nov 28, 2014, this fund belongs to Hybrid: Equity Savings category and contains Moderately High risk benchmarking NIFTY 50 Arbitrage, CRISIL Short-Term Bond, and S&P BSE 200. The scheme seeks to provide capital appreciation and income distribution to the investors by using a blend of equity derivatives strategies, arbitrage opportunities and pure equity investments and has been ranked 7 among the best equity mutual funds. Minimum SIP investment starts from Rs. 1000.
Our Mutual Funds Recommendation
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Equity Mutual Funds FAQs
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+What is an Equity Fund?
An equity fund is a mutual fund scheme that invests predominantly in equity stocks. In the Indian context, as per current SEBI Mutual Fund Regulations, an equity mutual fund scheme must invest at least 65% of the scheme’s assets in equities and equity related instruments.
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+What are different categories of Equity Funds?
Following are the categories of best equity mutual funds:
- Large Cap Equity Funds
- Mid-Cap Equity Funds
- Small Cap Funds
- Multi Cap Equity Funds
- Thematic Equity Funds
- Sector Funds
- Value Funds
- Focused Funds
- Equity Linked Saving Schemes(ELSS)
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+What is Equity Linked Saving Schemes (ELSS)
Equity-Linked Savings Scheme (ELSS) is one of the best equity mutual fund investment that invests at least 80 per cent of its assets in equity and equity-related instruments. ELSS can be open-ended or close ended. Investments in an ELSS qualify for tax deductions under Section 80C of the Income Tax Act within the overall limit of ₹1.5 lakh. The amount you invest in ELSS is deducted from your taxable income, which helps you lower the amount of income tax you are liable to pay. Investments in ELSS are subject to a three-year lock-in period.
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+What is the tax implication on Equity Mutual funds?
In the case of top equity mutual funds, a holding period of 12 months or more is regarded as long-term. If the holding period is less than 12 months is considered as short term. Long-term capital gains (LTCG) on equity funds up to Rs 1 lakh are free of taxation. LTCG above Rs 1 lakh is taxable at the rate of 10% without the benefit of indexation. Short term capital gains are taxed @15%.
