There are various mutual fund plans that offer steady income and growth to an individual. These are launched by some of the renowned financial institutions in the country. Some of the well known mutual fund plans are as follows:
1.Franklin Flex Cap Growth Fund - This is the famous and the most respected fund management company in the country. It is well known for doing extensive research for the identification of the ever growth sectors. The investment plan that is currently offering to its investors is the Franklin Flex Cap Growth Fund. This investment was launched in the market in the year 1991 and is still going strong. The main objective of this fund is to offer the growth or appreciation of capital.
2.HDFC Mutual Funds – This investment plan from HDFC has been created to generate assured returns on investment, which are in proportion to the performance of Nifty. Here in HDFC mutual funds money is invested in stocks mainly in S&P CNX Nifty. Some parts of the net assets are also invested in instruments of money market that has been permitted by the Securities and Exchange Board of India or SEBI.
3.SBI Mutual Fund - This is one scheme that uses investment strategy in a passive way. According to this scheme, the investment is done in stocks that comprise the S&P CNX Nifty index. The investment is done in same proportion as in the index in order to achieve returns, which is similar to the Total Returns Index of S&P CNX Nifty index. Due to this the performance difference between the benchmark scheme and the index is minimized.
4.Bharti AXA Equity Fund – this one is a diversified scheme and has been formulated especially for the generation of long term appreciation of the capital. This is mainly done from a portfolio of equity and equity-related securities. Equity derivatives are also in this portfolio.