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Top Mutual Funds Recommendations for June 2021

Top Mutual Funds Recommendations for June 2021

Mutual Funds are the go to investment option for investors looking for a fuss-free, stable investment instrument with minimal research.  Market volatility or not, mutual fund managers find ways to increase investor value, so you can concentrate on achieving your life goals.

June Top Mutual Fund Recommendations


Equity funds are for growth and a couple of suggested funds invest in US equity too. The Parag Parikh Flexi cap fund also invests in top American companies like Alphabet, Amazon, Microsoft and Facebook, for investors to partake in American economy.

Investica’s research team has compiled the top equity funds for June, below is the list with expert comments,

Equity Funds

Kindly note– The returns shown are expected returns and not guaranteed returns.

  1. Parag Parikh Flexi Cap Fund (Multicap/ Flexi cap)
RiskModerate
Time Period4-5 years
3 Year Return %20.64%
5 Year Return %19.28%
NoteThis fund has a portion invested in US equity also.

Why one should invest in this fund: This fund diversifies your investment to three categories, Large, mid and small cap companies.

  1. UTI (Multicap/ Flexi cap)
RiskModerate
Time Period4-5 years
3 Year Return %17.57%
5 Year Return %16.83%
NoteThis fund has a portion invested in US equity also.. 

Why one should invest in this fund: This fund diversifies your investment to three categories, Large, mid and small cap companies.

  1. Kotak Equity Opportunities Fund (Large and Midcap)
RiskModerate
Time Period4-6 years
3 Year Return %14.88%
5 Year Return %15.90%

Why one should invest in this fund: This fund diversifies your investment in large and midcap companies.

  1. Mirae Asset Emerging Bluechip Fund (Large and Midcap)
Risk                    Moderate
Time Period4-6 years
3 Year Return %20.07%
5 Year Return %21.47%
NoteYou can invest upto Rs.2500 only in this fund. No lump sum option available. 

Why one should invest in this fund: With this fund, your amount is invested in both large and mid-cap category companies. This gives better diversification with moderate risk.

  1. Axis Mid Cap Fund
RiskHigh
Time Period6-8 years
3 Year Return %18.45%
5 Year Return %18.78%
Note: Invest only if you are ready for high risk with a long term horizon. 

Why one should invest in this fund: One should invest in this fund if you want to take advantage of market volatility for higher returns with long term vision.

  1. SBI Small Cap Fund
RiskHigh
Time Period7 years and above
3 Year Return %17.44%
5 Year Return %22.11%
NoteInvest only if you are ready for high risk with a long term horizon. 

Why one should invest in this fund: More riskier than mid cap as investments are in small caps. It follows the “higher the risk, higher the return” thumb rule.

  1. Canara Robeco Bluechip Equity Fund (Largecap)
RiskLow
Time Period3-4 years
3 Year Return %13.96%
5 Year Return %17.85%
NoteBetter for those who want low risk with a short time horizon. 

Why one should invest in this fund: With this scheme, your investment will be in large cap/bluechip companies.

  1. Mirae Asset Tax Saver (ELSS)
Risk
Time Period3 years lockin period
3 Year Return %18.87%
5 Year Return %21.16%
NoteBefore investing please connect with the customer support team, as it has a lock-in period for both SIP and Lump Sum.

Why one should invest in this fund:

You can invest in this fund, if you want to save your tax upto 1.5 lakh in a financial year as it comes under 80C section of the Indian income tax laws.

Kindly note– The returns shown are expected returns and not guaranteed returns.

Debt Funds

A portion of your investments should have debt, as they provide low-risk income with high liquidity. Below are the top debt funds for June 2021,

  1. Nippon India Liquid Fund
RiskLow Risk
Time Period1-3 Months
1 Year Return %3.22%
3 Year Return %5.55%
5 Year Return %6.10%

Why one should invest in this fund:

With this fund, your amount is invested in Government securities and highly rated bonds. These funds are completely liquid and have no exit load or lock in period. Funds have investment in several instruments like Treasury Bills, commercial bills and certificate of deposits with average credit rating of AAA.

  1. HDFC Low Duration Fund
RiskLow Risk
Time Period6-9 months
1 Year Return %6.40%
3 Year Return %7.31%
5 Year Return %7.14%

Why one should invest in this fund:

With this fund, your amount is invested in Government securities and highly rated bonds. These funds are completely liquid and have no exit load or lock in period. Funds have investment in several instruments like Treasury Bills, commercial bills and certificate of deposits with average credit rating of AAA.

  1. Aditya Birla Sun Life Money Manager (Money Market Funds)
RiskLow Risk
Time Period9-12 months
1 Year Return %4.63%
3 Year Return %7.06%
5 Year Return %7.02%

Why one should invest in this fund:

With this fund, your amount is invested in Government securities and highly rated bonds. These funds are completely liquid and have no exit load or lock in period. Funds have investment in several instruments like Treasury Bills, commercial bills and certificate of deposits with average credit rating of AAA.

  1. HDFC Bond Short Term Fund
RiskLow Risk
Time Period1-2 years
1 Year Return %7.69%
3 Year Return %8.97%
5 Year Return %8.21%

Why one should invest in this fund:

With this fund, your amount is invested in Government securities and highly rated bonds. These funds are completely liquid and have no exit load or lock in period. Funds have investment in several instruments like Treasury Bills, commercial bills and certificate of deposits with average credit rating of AAA.

  1. Axis Banking & PSU Debt Fund
RiskLow Risk
Time Period1-3 years
1 Year Return %6.35%
3 Year Return %8.95%
5 Year Return %8.16%

Why one should invest in this fund:

This fund invests mainly in bonds issued by banks, public sector undertakings (PSUs) and public financial institutions also in several instruments like bonds, debentures and non-convertible debentures. It tends to beat prevailing FD rates.

Note: Every investor should have a portion of their investment in debt funds for emergency funds. This is especially important; since debt funds provide immediate liquidity. It helps in case of emergencies as funds can be extracted immediately when in need, else funds can keep compounding.

Investica’s research team is always available for any queries that you might have. Visit www.investica.com for more fund options and research.

So there you have it! Top mutual funds for June 2021, start investing and secure your future.

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