5 Top Performing Mutual Funds to Cherish Modi’s Successful Win!

The election result (2019) of the world’s largest democratic country are out with Mr. Narendra Modi once again elected as the Prime Minister of the country. The finance market welcomed the return of Modi 2.0 government with open arms as NIFTY & SENSEX went to create records. As per the prediction of finance experts, the market will gradually gain positive momentum in future which turns this moment as a right opportunity to invest in the top performing mutual funds. Below is the list of schemes having good recovery rate and better performance.

Top Performing Mutual Fund Investment for the Next 5 Years 

1. SBI Banking & Financial Services Fund (G)

Strengthening banking & financial sector will be the major goal for the BJP government along with reduction in tax rates and strong monetary policies. Thus, the finance sector is ready to achieve heights. Due to this, SBI Banking & Financial Services Fund becomes the suitable scheme on the basis of exceptional past performance and growth. The sectoral fund of SBI MF was launched in 2015 and has been the best mutual fund investment in the long term. The 3-year annualized returns is 23.64% which is phenomenal. And, as per the prediction regarding the finance market, this top performing sectoral-banking fund of SBI Mutual Fund will achieve even more remarkable growth.

2. Kotak Standard Multicap Fund (G)

Modi 2.0 rule will not confined itself with the finance sector but also take effective measures for the development of other sectors as well. Here, Kotak Standard Multicap Fund- Growth Plan will be a suitable scheme for you as it diversifies the AUM in larger number of sectors such as, financial (37.56%), energy (14.53%), construction (9.9%), technology (8.22%), FMCG (5.92%), to name a few. The manifesto of BJP government hold promises to each of the sectors which makes it the best SIP plan for 5 years. Moreover, the annualized return of this multicap fund ranges between 17% to 19% which is a cherry on the cake.

3. L&T Midcap Fund (G)

Your ‘Modi Portfolio’ will be incomplete without the inclusion of L&T Midcap Fund- Growth Plan. The midcap fund has been a consistent performer showcasing good recovery rate. The fund manager, Mr. Soumendra Nath Lahiri and Mr. Vihang Naik have always maintained a diversified investment strategy across different sectors which will prove very beneficial to the investors in the upcoming years. Furthermore, this top performing mutual fund scheme invests predominantly in the stocks of the companies that lies in the range of 101-250 on the basis of market capitalization, and the several initiatives by the government to help such companies to expand their business will indirectly help the investors in achieving good profit.

4. L&T Infrastructure Fund (G)

The return of the government will bring the infrastructure back on track which was also visible in the previous 5 years of Modi’s tenure. L&T Infrastructure Fund (G) invests in 47 stocks across sectors like construction (39.51%), engineering (18.36%), energy (13.15%), metals (12.34%), etc. Achieving 175 GW renewable energy capacity, completion of Phase 1 of Bharatmala Project, increasing length of national highways are some of the measures displayed in the manifesto which is a clear indication that the infrastructure sector is about to sky-rocket in future.

5. Reliance Large Cap Fund (G)

Last but not the least, Reliance Large Cap Fund is one such fund that can add feather to your cap. The large cap fund of Reliance MF has shown steady performance over the past years and has emerged as one of the best large cap funds in India. The fund again allocates the assets across different market sectors particularly in the companies having stable growth rate. The top holdings of this large cap fund include some of the biggest giants to provide consistent growth to the Indian investors in the long run.

These were some of the top performing mutual funds that can help you enjoying the Modi’s tenure. You can start the SIP plan in these mutual funds by visiting MySIPonline on the website- mysiponline Also, for further assistance regarding the mutual fund market, you can contact our financial experts at- 9660032889.

Just like Modi, let your mutual funds also create history!