Best Mutual Funds for beginners to invest in 2020

Mutual funds assure far better returns than the conventional investment options. However, the market risks associated with these investment vehicles call for a careful consideration while investing, especially if you are a beginner. Here are the top rated mutual funds recommended by ET Money app to invest in 2020 for good returns. Experts recommend starting early when it comes to investing in mutual funds to ensure better returns, safeguard the future and prepare for a stress-free retirement.

1. Axis long term equity direct plan-growth mutual fund

One of the most sought after ELSS tax saver fund type, the age of Axis long term equity direct plan-growth fund is 6 years. This open ended fund comes with a lock in period of 3 years. This mutual fund has got S&P BSE 200 TRI benchmark.

2. Mirae Asset hybrid equity Mutual fund

With a fund age of 4 years, Mirae Asset hybrid equity fund is popular especially among beginners as it is an aggressive hybrid fund. This open ended fund does not have any lock in period.


3. Invesco India tax plan direct growth mutual fund

Invesco India tax plan direct growth is an open ended ELSS tax saver fund. The lock in period for this fund is 3 years and the fund age is 6 years. This fund has growth option.

4. Aditya Birla sun life tax relief 96 mutual fund

Having secured S&P BSE 200 TRI benchmark, Aditya Birla sun life tax relief 96 fund comes under open ended fund category. The lock in period is 3 years with the fund age fixed at 6 years.

5. DSP Tax saver direct plan growth mutual fund

The fund age of DSP Tax saver direct plan growth is 6 years. This ELSS tax saver fund comes with a lock in period of 3 years. This growth fund has secured Nifty 500 TRI benchmark.

6. SBI Equity hybrid fund direct plan-growth mutual fund

Belonging to the aggressive hybrid fund type, SBI Equity hybrid fund direct plan-growth has got CRISIL hybrid 35+65 aggressive benchmark. The open ended growth fund has no lock in period and the fund age is 6 years.

Also Read: Top Mutual funds to invest in through SIP for great returns in 2020

7. ICICI Prudential equity & debt fund direct-Growth mutual fund

Highly recommended for beginners, ICICI Prudential equity & debt fund direct-Growth is an aggressive hybrid growth fund designated as open ended and with no lock in period. The fund's age is 6 years.

8. HDFC Hybrid equity fund direct plan-Growth mutual fund

HDFC Hybrid equity fund direct plan-growth fund is marked under aggressive hybrid growth fund type with a fund age of 6 years and n lock in period. This open ended fund has got NIFTY 50 hybrid composite debt 65:35 benchmark.

9. L&T hybrid equity fund direct-growth mutual fund

Gaining popularity among beginners, this aggressive hybrid fund has no lock in period and is open ended. The fund age is 6 years and this fund has growth option.

10. Franklin India equity hybrid fund direct-Growth mutual fund

This 6 year fund belongs to the aggressive hybrid category. With no lock in period, this open ended growth fund has CRISIL hybrid 35+65 aggressive benchmark.