As you know that the stock market is always noisy. But this year it’s going to be more noisy post demonitisation. It has the potential, the scale of noise could be such that it can exceed 2016. So its time that we make a list for top performing mutual funds 2017 and be prepared.
In 2016 we have seen BREXIT, we have seen US Presidential Election and a fairly unexpected outcome of the same, we have seen demonitisation etc. So we have seen all kind of drama. We are anticipating a hike in the interest rate in the US.
So the strategy for the investor is to keep calm and have a plan. Here in India interest rate will come down and remain low for a long period of time. So you can expect small-cap and mid-cap to recover. So its time to back to your principle. You have to diversify, you have to invest long-term money and you have to invest regularly, invest the money that you do not need immediately in the coming years.
So what are the top performing mutual funds 2017? Which are the funds to invest in? Let’s concentrate on equity multi-cap fund. 4 funds that came in our radar are:
1) ICICI PRU VALUE DISCOVERY FUND
2) FRANKLIN INDIA HIGH GROWTH COMPANIES
3) BIRLA SUN LIFE EQUITIES
4) SBI MAGNUM MULTICAP
All these funds are equity multi-cap funds and they are not restricted to a part of the market like a large cap or small cap etc. Though all of them are going to be performers, buy out of them ICICI PRU VALUE DISCOVERY FUND is going to be the STAR of top performing mutual funds 2017. Check the image below:
Previously the ICICI PRU VALUE DISCOVERY FUND was a midcap based portfolio, but now they have changed. Now a portfolio of 40 stocks, the fund’s performance has been consistent, it performs well in volatility times.
Overall you can invest in all these four funds in 2017. If you have running SIPs in any of them, please do not stop. You can ask any queries in the comment section below the post.
Indrajit is a professional blogger and trading system developer. Amibroker expert, WordPress expert, SEO expert and stock market analyst.Trading since 2002, he has started the journey of StockManiacs.net on 2008. He follows Indian and world stock markets closely.