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There are target date funds, however, that cost more than 100 basis points. Most of the funds in our list have expense ratios below 50 basis points, and the most expensive is 80 basis points. That’s not to say that expenses should be our only criteria, but they are an important one. The lower the fees, the more likely the fund will outperform its more expensive counterparts. Studies show that fees are a good indicator of a fund’s success. We considered several factors to identify the best target date funds, including fees, performance, asset allocation and glide path. State Street Target Retirement Funds allocate about 35% of their portfolio to equities and alternatives after reaching their target date. According to State Street, they take this approach based on academic research that shows most Americans do not tap their retirement accounts until required minimum distributions (RMDs) begin. Similar to Vanguard funds, State Street target date funds shift their allocation toward bonds and away from stocks for a period of five years after reaching their target date.
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#Best performing mutual funds 5 years series
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It owns four index funds to provide a diversified portfolio to investors: The Fidelity Freedom Index 2060 fund presently allocates 90% to equities and 10% to fixed income. The Fidelity Freedom Index 2060 target date fund uses low-cost index funds to implement its investment strategy-with an expense ratio of just 12 basis points, the fund is very affordable. With a minimum monthly investment of Rs 500, one can begin a SIP in this fund.Fidelity offers two types of target date funds, based on either passively managed index funds or actively managed mutual funds. HDFC Retirement Savings Fund Equity Plan Direct-Growth has a Net Asset Value (NAV) of Rs 31.92 and an Asset Under Management (AUM) of 1,921.51 Cr as of October 8, 2021. The fund has been rated a 4-star ranking by Value Research which is a pretty good indicator of the fund's past performance. Financial, Services, Technology, Chemicals, and Engineering are the fund's top equity allocations. This fund's assets are made up of 92.30 percent equity, 6.7 percent cash, and 1% debt.Īccording to Value Research, HDFC Retirement Savings Fund Equity Plan Direct-Growth returns over the last year have been 72.32 percent, with an average annual return of 22.93 percent since its commencement. The fund's expense ratio is 0.96 percent, which is higher than the expense ratio charged by most other Multi Cap funds. HDFC Mutual Fund established this Multi Cap mutual fund scheme in the year 2016 and it has now been in operation for 5 years. HDFC Retirement Savings Fund Equity Plan Direct-Growt The fund has no exit load and one can start SIP with a minimum amount of Rs 1000. As of 30th June 2021, the fund has been rated "No 1" by CRISIL which demonstrates its excellent performance across bear and bull market phases.Īs of 8th October 2021, Quant Active Fund Direct-Growth has a Net Asset Value (NAV) of Rs 429.78 and the Asset Under Management (AUM) of the fund is 1,050.80 Cr. Vedanta Ltd., State Bank of India, Reliance Industries Ltd., Fortis Healthcare (India) Ltd., and ITC Ltd. The fund has a major equity allocation across the Financial, FMCG, Metals, Construction, Healthcare sectors. According to Value Research, Quant Active Fund Direct-Growth returns over the last year have been 85.70 percent, with an average annual return of 22.25 percent since its debut. The fund has an expense ratio of 0.5 percent, which is lower than most other funds in the same category and it holds 96.80 percent of its assets in equity and the rest in cash. This Multi Cap mutual fund scheme has been in existence for the past 20 years.