- Date : 31/10/2023
- Read: 3 mins
There are different types of mutual funds, and each type has some schemes which have emerged winners in their category. Women can invest in these schemes to diversify their portfolios and enjoy good returns.
Mutual fund investments have become popular among investors. Moreover, with more females taking control of their finances, investments in mutual funds have grown considerably. According to data from the Association of Mutual Funds in India (AMFI), women mutual fund investors grew to 74.49 lakhs by December 2022 compared to 46.99 lakhs in December 2019. Let’s look at some of the best mutual fund schemes of 2023 for women.
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There are more than 74 lakh women who invest in mutual funds in India, as per AMFI’s report.
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Some leading mutual fund schemes include Axis Bluechip Fund, Quant Smallcap Fund and PGIM India Midcap Opportunities Fund if you want to invest in equity.
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For ELSS investors, the top schemes include Quant Tax Plan, Bandhan Tax Advantage Fund and Bank of India Tax Advantage Fund
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If you want to invest in debt, choose from the Bank of India Short Term Debt Fund, ICICI Prudential Long Term Bond Fund or Nippon India Nivesh Lakshya Fund.
Top Mutual Funds Schemes of 2023 for Women
Equity Mutual Funds
Also Read – Your portfolio needs small-cap funds. Know why
Equity Linked Saving Schemes (ELSS)
Short-Term Debt Mutual Funds
Long-Term Debt Mutual Funds
Things to Remember When Investing in Mutual Funds
- Mutual funds do not offer guaranteed returns since they are market-linked
- Choose a fund based on your risk appetite.
- ELSS schemes can help you save tax. You can claim a deduction up to ₹1.5 lakhs under Section 80C.
- If you want regular dividend income, choose the dividend option. The growth option will give you a lump sum benefit on redemption.
Click here to read the latest articles on My Money
The Bottom Line
You can pick one or more mutual fund schemes and build a diversified portfolio. Moreover, invest regularly through Systematic Investment Plans (SIPs) or in a lump sum and build a corpus for your financial goals.
Also Read – Are children mutual funds the right solution for your child? Find out
Disclaimer: This article is intended for general information purposes only and should not be construed as insurance or investment or tax or legal advice. You should separately obtain independent advice when making decisions in these areas.
Mutual fund investments have become popular among investors. Moreover, with more females taking control of their finances, investments in mutual funds have grown considerably. According to data from the Association of Mutual Funds in India (AMFI), women mutual fund investors grew to 74.49 lakhs by December 2022 compared to 46.99 lakhs in December 2019. Let’s look at some of the best mutual fund schemes of 2023 for women.
-
There are more than 74 lakh women who invest in mutual funds in India, as per AMFI’s report.
-
Some leading mutual fund schemes include Axis Bluechip Fund, Quant Smallcap Fund and PGIM India Midcap Opportunities Fund if you want to invest in equity.
-
For ELSS investors, the top schemes include Quant Tax Plan, Bandhan Tax Advantage Fund and Bank of India Tax Advantage Fund
-
If you want to invest in debt, choose from the Bank of India Short Term Debt Fund, ICICI Prudential Long Term Bond Fund or Nippon India Nivesh Lakshya Fund.
Top Mutual Funds Schemes of 2023 for Women
Equity Mutual Funds
Also Read – Your portfolio needs small-cap funds. Know why
Equity Linked Saving Schemes (ELSS)
Short-Term Debt Mutual Funds
Long-Term Debt Mutual Funds
Things to Remember When Investing in Mutual Funds
- Mutual funds do not offer guaranteed returns since they are market-linked
- Choose a fund based on your risk appetite.
- ELSS schemes can help you save tax. You can claim a deduction up to ₹1.5 lakhs under Section 80C.
- If you want regular dividend income, choose the dividend option. The growth option will give you a lump sum benefit on redemption.
Click here to read the latest articles on My Money
The Bottom Line
You can pick one or more mutual fund schemes and build a diversified portfolio. Moreover, invest regularly through Systematic Investment Plans (SIPs) or in a lump sum and build a corpus for your financial goals.
Also Read – Are children mutual funds the right solution for your child? Find out
Disclaimer: This article is intended for general information purposes only and should not be construed as insurance or investment or tax or legal advice. You should separately obtain independent advice when making decisions in these areas.
