Are you looking for the best mutual funds to invest in for long term? IIFL has examined details of the best mutual funds in India for the last 5 years. The mutual funds have been selected based on the performance of their fund manager and the performance of the schemes on a 1-month, 6-month, 3-year and 5-year average performance

Amassing a fortune of Rs. 5 crore is the dream of every investor. However, amassing such a large sum of money appears to be an impossible task for a number of people who are earning a small monthly salary. Thankfully, the magic of compounding coupled with the convenience of systematic investing plan (SIP) in mutual funds can make this dream possible for even salaried employees earning small sums of money every month

An article in Mint explains the difference between “direct plans” and “regular plans” of mutual funds. The biggest advantage of a direct plan is that the investor does not have to hefty commission to the distributor. In a “regular plan”, distributor commission gets deducted from the fund’s valuation before arriving at its net asset value (NAV).

Mutual Funds are known for their thorough research into the fundamentals of a company before they buy its stock. It is for this reason that several mutual funds have been able to buy small-cap stocks at the early part of their progression and are able to encash on enormous multibagger gains

The Reliance India Opportunities Fund is a promising NFO from the trusted Reliance Mutual Fund. The fund manager Sailesh Raj Bhan (Deputy CIO – Equity Investments), has a lot of experience in finding winning stocks. If the Fund is really able to find high-quality growth stocks which are quoting at reasonable valuations, it can create a lot of wealth for investors