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In most countries, mutual funds are more or less similar in flavor, which forces investors to consider ratings by reputable rating agencies like Morningstar, Crisil, ICRA, Value Research as an important decision-making factor.
In fact, mutual funds’ rating is a composite measure of both risk and return that indicates about the risk and reward involved in a particular plan. Investors highly believe that a mutual fund with more stars to its credit is always better.
Here, we list out five Mutual Fund SIPs (Systematic Investment Plans) that has received 5-star rating from Crisil:
1. Mirae Asset Emerging Blue-chip Fund
In addition, Value Research has rated this fund five stars. By Value Research calculations, an investor who invested *1 lakh three years ago would have earned an absolute return of *1.86 lakh today if they had invested that amount. The absolute value of one’s investment today would be the equivalent of the investment of 10000 monthly SIPs three years ago.
2. UTI Core Equity Fund
Value Research has rated this mutual fund plan two stars. A person investing in this plan (regular) three years ago would have made 1.50 lakh in absolute value today if they invested *1 lakh as lump sum. For an investor who had started a *10,000 monthly SIP with this regular plan, today’s value of the investment would be ₹5.66 lakh.
3. Canara Robeco Blue-chip Equity Fund
Moreover, Value Research has rated this mutual fund five stars. In the last three years, if a person bought this plan with 1 lakh as a lump sum, their absolute investment has grown into 1.76 lakh. The absolute value of an investment in this direct plan today would be equivalent to 5.67 lakhs if an investor had been investing *10,000 monthly SIP over the previous 12 months.
4. IDBI India Top 100 Equity Fund
According to Value Research, this mutual fund plan is rated 3-stars. In value research data, a lump sum investment of 1 lakh would have generated 1.61 lakhs in absolute cash value three years ago if an investor made that investment. A mutual fund SIP investment of *10,000 per month in this plan would have been equal to *5.53 lakh if an investor had started this plan 10 years ago.
5. Franklin India Blue-chip Fund
Investors who made a lump sum investment of *1 lakh today may have earned *1.44 lakh today through their regular investment. The absolute value of an investor’s investment today would have been about 5.34, if they started investing in this mutual fund three years ago through the regular plan.
Do you want to invest in a mutual fund but you don’t know which one to choose?
When it comes to investing, the importance of mutual funds cannot be overstated. They are an essential part of a long-term investment plan. Mutual funds are managed by professional fund managers, have transparent fees, are easy to understand, and are safe. This blog discusses 5 mutual fund SIP plans rated 5-star by Crisil. They are considered among the best mutual funds available in the market today.
