The Top Rated Growth Funds

A long-term fund is a diversified portfolio of stocks whose aim is capital appreciation with very little or no dividends. Most of these growth funds are at a higher risk but a higher potential for capital appreciation. These funds are volatile than other fund in nature which are not really expected to pay dividends. If you wish to invest in growth funds, then you are required to develop a tolerance for risk and a holding period for a period of about five to ten years.

This fund aims to achieve capital appreciation and revenue growth and mentioned below are a few of them:

• DSP BlackRock Money Manager Fund

The primary objective of this Money Manager Fund is to generate returns from a portfolio that constitutes of money market securities. You can invest over a short period and there is low risk while investing. The asset size of a Money Manager Fund is about Rs. 1878.47 Crores while there has been a phenomenal growth in the past year.

• IDFC Super Saver Income Fund - Investment Plan B - Institutional Plan (G)

This fund seeks to generate stable returns from a portfolio that invests in good quality fixed income and money market securities. The asset size is about Rs. 10.5 Crores while the minimum investment is about Rs. 5000. The average return for the past year is about 10.8 percent.

• ICICI Prudential Income Plan - Direct Plan (G)

This particular fund is to generate income in debt and money market instruments in order to maximize income by balancing the yield, liquidity and safety of the fund. The asset size is about Rs. 1709.84 Crore while the minimum investment remains Rs. 5000.

The fund returns over the past year is about 15.7 percent.

• ICICI Prudential Long Term Plan - Premium Plan (G)

Its asset size is Rs. 0.80 crore while the minimum investment is about Rs. 5,00,000. The fund returns for the past year is a growth of about 15.7 percent.