Hand-picked mutual funds for the first-time investors!

Hand-picked mutual funds for the first-time investors!

by 5paisa Research Team Last Updated: Jan 27, 2022, 02:48 PM IST

If you are a first-time investor, you for sure are in a dilemma to choose among the thousands of mutual funds around at offer. Don’t worry! We have hand-picked the top five mutual funds.

When it comes to investing in mutual funds, there are thousands of options currently floating in the market, not to mention the new ones that are being launched. So, in such a situation it makes it even more difficult for the first-time investors who wish to invest in mutual funds to create fortune.

Although, investing in a good mix of equity and debt is the way to go while you align your investments to your financial goals. However, for someone who has never experienced market volatility, this would be difficult for them to digest the same. Moreover, due to lack of any such experience even they are not aware of what suits them. Hence, here even risk profiling won’t help solve the problem.

Having said that, as a first-time investor you should the below listed things before you begin your investment journey.

  1. Having an investment objective is quite important as it will help you have a proper clarity of why you are investing.

  1. Choosing the right fund is crucial for successfully achieving the investment objective set in the point number one.

  1. Seek diversification as this would help you reduce your investment risk.

  1. You will come across two ways of investing one is lumpsum and other is Systematic Investment Plan (SIP). So, until you gain experience and expertise in gauging the trend of the market, investing via SIP is the best way to do.

  1. Try to avoid investing options other than growth option.

Below is the list of the top five funds for first-time investors.

Trailing Returns (%) 

1-Year 

3-Year 

5-Year 

10-Year 

ICICI Prudential Equity & Debt Fund 

41.87 

20.95 

15.30 

17.08 

Edelweiss Aggressive Hybrid Fund 

24.72 

16.64 

13.57 

12.58 

Canara Robeco Equity Hybrid Fund 

20.04 

17.88 

14.52 

15.24 

Kotak Equity Hybrid Fund 

25.66 

20.02 

13.33 

13.43 

Edelweiss Balanced Advantage Fund 

16.39 

16.56 

13.58 

11.86 

SENSEX
54,661.29
334.90 (0.62%)
Nifty 50
16,348.45
82.30 (0.51%)
Nifty Bank
34,609.45
333.05 (0.97%)
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SENSEX
54,661.29
334.90 (0.62%)
Nifty 50
16,348.45
82.30 (0.51%)
Nifty Bank
34,609.45
333.05 (0.97%)

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