In the current scenario, after the new categorization and rationalization guidelines by SEBI came out in October 2017, the market has undergone a roller-coaster ride which is full of major changes and is continuing with the same. Many schemes have faced a name change along with changes in attributes, leading to worry lines on the investors’ foreheads. As a result, they have become hesitant to indulge their surplus in mutual funds due to lack of knowledge and understanding. This is where MySIPonline steps into the picture and is all set to bring you out into the sunshine after the rain of changes. Here, the financial experts understand the commotion and the confusion that has been created and have, thus been busy researching to find out the solution. And the happy news is that they have found a bridge to bring it all right on track with the belief that no time is a bad time when it comes to investing, in the form of Diversified Mutual Funds.

According to SEBI, Diversified Equity Mutual Funds are those funds that have a minimum of 65% of the total assets invested in equity and equity related instruments across different caps such as large-cap, mid-cap, and small-cap. Mr. Virender Ranawat, co-founder of MySIPonline, believes that diversified equity fund is the best option to invest right now as it will lead to better returns with adjusted risks to some extent, in the present as well as the coming time.

Looking at the requirement in the present time, a list of Top Diversified Funds or Multi Cap Funds has been prepared by the experts at MySIPonline after in-depth market research, data analysis, and considering the effects of change, which are as follows.

Kotak Standard Multicap Fund (G)

This fund was earlier known by name Kotak Select Focus Fund. The fund manager Mr. Harsha Upadhyaya (since August 2012) has focused more on investing in the financial sector followed by others which include Construction, Automobile, and Energy. Its net asset value is Rs. 34.809 as on July 31st, 2018.

Mirae Asset India Equity Fund (G)

Earlier known as Mirae Asset India Opportunities Fund, this fund is under the guidance of Mr. Neelesh Surana and Mr. Harshar Borawake. With major top allocation in the financial sector, this scheme has been providing 22.90% of five year returns as on June 30th, 2018. Its net asset value as on July 31st, 2018 was Rs. 49.072.

SBI Magnum Multicap Fund (G)

The net asset value of this scheme has remained intact as the last one which is Rs. 48.2694 as on July 31st, 2018. With five year returns being 23.12%, it has major allocation in the financial sector with most assets invested in the giant-cap equities leading to a long-term growth of capital.

Reliance Multi Cap Fund (G)

Formerly known as Reliance Equity Opportunities Fund, this fund by Reliance Mutual Fund, is managed by Mr. Sailesh Raj Bhan. Launched on March 28th, 2005, it has reached Rs. 9270 crores of assets under management as on June 30th, 2018. As on July 31st, 2018, its net asset value was Rs. 91.9019.

Aditya Birla Sun Life Equity Advantage Fund (G)

This open-ended equity scheme is based on the fundamental research approach. Mr. Satyabrata Mohanty is guiding the investments made under it in the most rewarding manner keeping in mind the risks involved. Its NAV as on July 31st, 2018 was Rs. 431.41 which has increased by 0.45%.

Hope, now you know how to bring your portfolio back in the run considering the present market scene. You may log on to MySIPonline and start your investment right now!