October 2019: These Mutual Fund Schemes saw Maximum Investments on Paytm Money

The markets extended their good run in October after posting gains in September 2019. For the month, BSE Sensex gained 3.8% while the NSE Nifty 50 gained 3.5%, despite some continued concerns on domestic and global growth outlook. The market up move was due to combination of domestic and global factors. Strong FII inflows, rate cut and expectation of further rate cuts by RBI, continued economic and taxation reforms by the government were some of the domestic factors. Globally, hope of a trade deal between US-China and rate cut by US Fed helped the markets.

Equity funds continue to see high investments on our platform. Most invested funds fall into categories such as Largecap, Large and Midcap, ELSS and Smallcap. Investors should continue to look at these funds from a long term perspective of 5 years or so and not base their decisions on short term volatility that is inherent in equity funds. This volatility can be used by the investor to his/her advantage by taking the SIP route and benefiting from rupee cost averaging.

Mutual Fund Schemes seeing maximum number of investments across categories*:

1. Axis Bluechip Fund Direct Plan-Growth

2. Mirae Asset Tax Saver Fund Direct-Growth

3. Mirae Asset Emerging Bluechip Fund Direct-Growth

4. Nippon India Small Cap Fund Direct- Growth

5. SBI Small Cap Fund Direct-Growth

Smallcap funds continue to see maximum traction among the equity mutual funds. The list of top 5 equity funds that saw maximum investments in October 2019 was largely same as the previous months and are shown below:

Explore more Equity Schemes here

Shorter duration debt categories such as Low Duration and Money Market were most invested in October 2019. Investor interest in Gilt funds have reduced compared to previous months. Top 5 debt mutual funds* that saw maximum number of investments on our platform are shown below:

Explore more Debt Schemes here

Investors prefer Aggressive Hybrid funds over other sub-categories of Hybrid funds for the fourth month in a row. Top 5 funds that saw maximum number of investments across hybrid categories in October 2019 continued to remain the same and is shown below:

Explore more Hybrid Schemes here

Investor choice among ELSS funds remain the same for the fourth straight month. The list of Top 5 ELSS funds that maximum number of investments are:

Explore more ELSS Tax Saver Funds here

Investment decisions that you make should not be simply based on the returns. We had discussed in our previous article why such an approach is wrong! Instead, focus on your investment objective, investment horizon and risk profile while making an investment decision.

For users who always wanted to invest in Mutual Funds but don’t know how to get started, we suggest them to explore Investment Packs on Paytm Money app which are designed to take care of your investment needs based on your risk profile & make this investment choice simpler for you!

Note: Maximum investments is on the basis of number of investment transactions. * denotes non-inclusion of liquid category while calculating maximum investments across categories on Paytm Money. All schemes are arranged alphabetically; this is mere presentation of investment statistics on Paytm Money by volume of investments and should not be considered as investment advice.

Mutual fund investments are subject to market risks. Please read all scheme-related documents carefully before investing.