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The domestic stock market is again making records on records. Everyday it is reaching new high level. All the analysts are also confident about the future prospects of the Indian market. Today the Sensex has crossed the level of 65 thousand points, but many analysts believe that it can soon cross the level of 1 lakh points. By taking advantage of this speed of the market, money can be made many times faster than its move and mutual funds can help you in this.
Record is being made continuously
On July 3, the first trading day of July, the BSE’s 30-share index Sensex jumped nearly 500 points and crossed the 65,200 mark. It touched a high of 65,300 points during the trade, which is its new high in the last 52 weeks. Similarly, the NSE Nifty jumped 133 points and closed near 19,325 points. This is the new closing high of Nifty.
This is how the market has been throughout the year
During the last one year, BSE Sensex has gained more than 22 percent. Nifty has also gained about 22 percent during this period. This year, both the major domestic stock indices have managed to gain around 6-6 per cent. At the same time, during the month of June, there has been an increase of about 4-4 percent in them. Today we are going to tell you about some such multi cap funds which have left the market far behind during this period.
These advantages of multi cap fund
Multi cap funds prove to be beneficial in many ways. In particular, they protect investors from market volatility. Think of it like this. The performance of large cap, mid cap or small cap companies does not remain the same in the same period. For example, if we talk about this year, the performance of large companies has not been special so far, but mid-cap and small-cap have performed well. To take advantage of this, multi cap funds invest a fixed portion in each category. This helps them even when a particular cap goes in loss. Multi cap funds are considered more stable than other mutual funds.
Top 10 Multicap Funds:
| Scheme Name | last 1 year return |
| Nippon India Multicap Fund – Direct Plan – Growth | 38.60% |
| HDFC Multicap Fund – Direct Plan – Growth | 39.39% |
| Kotak Multicap Fund – Direct Plan – Growth | 32.89% |
| Mahindra Manulife Multi Cap Fund – Direct Plan – Growth | 32.06% |
| ITI Multi Cap Fund – Direct Plan – Growth | 30.81% |
| IDFC Multicap Fund – Direct Plan – Growth | 30.65% |
| Bandhan Multicap Fund – Direct Plan – Growth | 30.65% |
| ICICI Prudential Multicap Fund – Direct Plan – Growth | 29.45% |
| Axis Multicap Fund – Direct Plan – Growth | 29.01% |
| Baroda BNP Paribas Multi Cap Fund – Direct Plan – Growth | 27.25% |
Disclaimer: The information provided here is for information only. It is important to mention here that investing in the market is subject to market risks. Always take expert advice before investing money as an investor. ABPLive.com It is never advised here to invest money on behalf of anyone.
read this also: These 10 small cap funds beat the market, got up to 45% returns in a year
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