We all know that mutual funds are in limelight these days. They are amongst the best investment options for the long term creation of wealth. Mutual funds are also the best decisions to earn high returns while avoiding tax payments at the same time.
But with so many mutual funds available in the market, it has become a daunting task to select the perfect plant to suit your requirement, budget and preferences. You must be cautious as you may end up paying for a lifetime if you select the wrong one. Therefore, here in this article, we have compiled a list of 5 mutual funds that you can choose to invest your money. So, without any further delay, let us have a look at each one of them.
– BIRLA SL FRONTLINE EQUITY FUND
The Birla SL Front line equity fund has been one of the most consistent performers. It has a track record of more than 15 years. The Birla SL Front line equity fund gives your investments valuable nourishment by investing in some of the fast growing Indian industries like the Finance, FMCG, Oil and Gas, etc. and ensures good returns.
This scheme is given 3rd rank in the category of large cup fund. If you have already invested your money in this scheme, you may continue to stay with it.
But you must keep a check on its performance.
The Birla SL Front line equity fund is best for those investors who are seeking long term capital growth in equity.
– ICICI Prudential Value Discovery Fund
The ICICI Prudential Value Discovery Fund aims to generate returns through a combination of dividend income and capital appreciation by investing primarily in a well-diversified portfolio of value stocks.
This product is ideal for the investors who are looking for long term wealth creation along with an open ended equity scheme following a value investment strategy.
The ICICI Prudential Value Discovery Fund is an open ended scheme and the minimum investment you can make in this scheme is of Rs. 1000.
– HDFC Mid cap opportunities fund
The HDFC Mid Cap Opportunities Fund tries to provide long term capital income by investing predominantly in mid cap companies. The HDFC is a good choice for those investors who are looking for an investment plan which can endure the uneven rides during an odd phrase.
This scheme also generates long term capital growth. The scheme currently invests 56 per cent of its corpus in different mid-sized organisations.
But there is no guarantee that the investment objective of the HDFC Mid Cap Opportunities Fund will be realised.
This is also an open ended scheme and belongs to the Equity – Mid – Cap scheme class. The minimum investment you can make in this scheme is of Rs. 5000.
– DSP Micro Cap Fund
The DSP Micro Cap Fund invests around 65 per cent of the corpus in small cap stocks and follows buy and hold investment strategy. It is well known for having a very low portfolio Turnover ratio, which is at 13 per cent.
The DSP Micro Cap Fund tries to seek long term capital appreciation by investing in portfolio that substantially constitutes of stocks of small cap companies.
The scheme carries a moderately high risk and has a long term horizon.
– AXIS Long Term Equity Fund
The Axis Long Term Equity Fund can also be seen as a flexi cup fund, which offers tax benefits. The scheme has a low risk level and high return at the end.
The Axis Long Term Equity Fund tries to generate long term capital gain form a diversified portfolio of equity and other equity related securities. The Axis Long Term Equity Fund will invest your money in companies which have strong growth and a sustainable business model.
However, there is no assurance that the investment objective of the Axis Long Term Equity Fund will be achieved.
This scheme has a 3 year lock in period which is one of the lowest amongst other tax saving instruments.

These are some of the best mutual fund schemes you can go for, to invest your money. Though there are many more schemes you can consider if these do not fit your needs and preferences.
Also you must keep in mind that the mutual funds carry risk along with them. There are chances that you might lose your money by investing in them.