In the current dynamic landscape of investment opportunities in our country, mutual funds undoubtedly stand out as versatile instruments offering exposure to various sectors. Among these, the healthcare as well as technology sectors have emerged as lucrative domains, presenting investors with promising prospects for growth as well as diversification.
Today, in this sector spotlight, we deep dive into the best mutual funds in technology, healthcare, and beyond in India, offering insights into their performance and most importantly, long term potential.
What are mutual funds? What are its top advantages?
As the term suggests, it is basically an investment avenue that pools money from multiple investors to invest in a diversified portfolio. This usually includes bonds, stocks, and other securities and not to worry as these funds are completely managed by professional fund managers.
When it comes to its operations, the potential investors buy shares of the mutual fund, which fluctuates based on the performance of the underlying assets in the portfolio.
-
Diversification
The first and foremost advantage of this investment instrument is diversification. By pooling funds from a large number of investors, best mutual funds for SIP can spread their investments across a broad range of assets.
-
Professional Management
These funds are managed by experienced professionals who make investment decisions on behalf of the investors. They conduct extensive research, analyze all the ongoing market trends, and actively manage the overall portfolio to achieve the fund’s ultimate goal.
(Tip: Always use a mutual fund calculator before investing your hard-earned money.)
-
Liquidity
One can easily redeem units of open-ended mutual fund schemes to meet financial needs on any day. Once requested to redeem, the amount reflects in the account within 3-4 days which is quite helpful.
Tech Mutual Funds
The tech sector of our country has witnessed exponential growth, fueled by innovation, digital transformation, and increasing demand for IT services globally. Keep in mind that mutual funds focusing on this sector capitalize on the rapid evolution of technology companies, offering investors exposure to established giants and promising startups alike.
- Aditya Birla Sun Life Digital India Fund
- ICICI Prudential Technology Fund
- HDFC Technology Fund
Healthcare Mutual Funds
Especially after the Covid-19 outbreak, the healthcare sector in India is experiencing solid growth, driven by demographic trends, increasing expenditure of healthcare, and advancements in medical technology.
- DSP Healthcare Fund
- Tata India Pharma & HealthCare Fund
- Nippon India Pharma Fund
How to invest in best mutual funds in 2024?
Investing in these funds nowadays is as easy as ordering food from your smartphone. Just download the right application and you are more than good to go. Here, I’d like you to go for the ‘Bajaj Finserv’ application and believe me, this is one of the easiest applications to use.
Conclusion
All in all, low risk mutual funds india offer investors a convenient and efficient means to access diverse sectors of the Indian economy. While there is no doubt in the fact that technology and healthcare offer compelling growth prospects, prudent investors recognize the importance of diversification to cut down the risk and capture lucrative revenue across multiple industries.
