Respected Readers,
on 18 march 2015 I declare top 10 Indian mutual fund schemes of 2015 for SIP investment. here is the link of this earlier article:-
Now it is the time to discuss top 10 mutual funds SIP to invest in 2016.
Last year I choose only Indian funds in this top 10 list but now I think any one can diversified his mutual fund holding globally.
So in my 2016 top mutual fund schemes list I include top 10 Indian mutual fund schemes which invest in India and abroad.
How I choose top mutual fund scheme?:- As you read in my book (The Winning Theory in Stock Market)that size of AUM is a best criteria to choose a mutual fund scheme.
What is AUM:- AUM means asset under management I give you a example if fund X corpus is 100000 rupee and fund Y corpus is 500000 rupee then which fund have better chance to diversification I think it is fund Y have better chance of diversification due to It's large AUM size.
Generally I say
" It is difficult to earn 100 rupees from 100 rupee investment but it is easy to earn 1 Cr. from 1Cr. rupee investment.
Read this chandu story to see power of diversification:-
So I give these top 10 scheme on basis of fund AUM and Diversification globally. ( as well as diversification among fund houses so I do not repeat any mutual fund company in this list).
How to invest:- If you easily save INR 10,000 in every month then Start a 1000 rupee SIP in each of scheme.
but if you unable to save INR 10,000 in every month then here is the option:-
If you want to invest INR 1000 every month then start SIP only in scheme 1 .
If you want to invest INR 2000 every month then start 2 SIP (1000 each) in scheme 1 and 2.
If you want to invest INR 3000 every month then start 3 SIP (1000 each) in scheme 1,2 and 3.
If you want to invest INR 4000 every month then start 4 SIP (1000 each) in scheme 1,2,3 and 4.....and so on.
Why I choose Dividend Schemes instead of growth schemes and in dividend option what to choose dividend payout or dividend re-investment?:- I have a separate article on this issue so please visit this link to understand that why I recommended dividend schemes with dividend-reinvestment option:-
Top 10 mutual fund scheme (seniority wise ) for 2016:-
1.HDFC Equity Fund (D):- NAV 42.08 pay regular dividends since 1999 largest AUM diversified equity fund.
2.Reliance Japan Fund (D):- See more details here:-
3. ICICI Prudential Dynamic Plan (D)
4.Religare Invesco Pan European Equity Fund (D):- Read more details here:-
Religare Invesco Pan European Equity Fund Review
5.Franklin India Prima Plus Fund (D)
6.SBI Contra Fund (D)
7.Mirae Asset China Advantage Fund (D):- Read more details here:-
8.Birla Sun Life Equity Fund (D)
9.Axis Equity Fund (D)
10.DSP BlackRock US Flexible* Equity Fund (D)
Recommended reading:-
10. Discloser:- Author is not a registered mutual fund adviser but I Mahesh Chander Kaushik author of this research report is an existing research analyst and passed NISM certification for research analysts. I am also registered under SEBI(RESEARCH ANALYSTS) REGULATIONS, 2014 ( SEBI Registration Number INH 100000908 ) hereby disclose about my financial interest in the subject company and the nature of such financial interest:- 1 I am personally hold units of reliance japan fund and Mirae Asset China Advantage Fund and continue SIP in these funds so my personal interest is included in both of fund but not hold Religare Invesco Pan European Equity Fund 2. Me and my associates or relatives have not any actual/beneficial ownership of one percent or more securities of the subject company ( Religare Invesco Pan European Equity Fund ,reliance japan fund and Mirae Asset China Advantage Fund ). 3. Me and my associates or relatives have not any other material conflict of interest at the time of publication of the research report. 4. Me and my associates or relatives have not not received any type of compensation from the subject company( Religare Invesco Pan European Equity Fund ,reliance japan fund and Mirae Asset China Advantage Fund ) in the past twelve months. 5. I am not served as an officer, director or employee of the subject company( Religare Invesco Pan European Equity Fund ,reliance japan fund and Mirae Asset China Advantage Fund ). 6. I have been not engaged in market making activity for the subject company( Religare Invesco Pan European Equity Fund, reliance japan fund and Mirae Asset China Advantage Fund )
3 comments:
namaskar maheshji, china advantage fund not paying dividend since inception, still is it worth investing ?
Jp ji
in his starting period most of dividend fund not pay dividends but when market of china is start performing and this fund also start over-perform and well stable in market then this fund may be start to give dividends
Hi Mahesh ji,
Why you have chosen all Ten as Dividend funds not as growth option?
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