List of Mutual Funds recommended by Goalwise for FY 2016-17


[This was the list for FY 2016-2017. For the new list for FY 2017-18 please refer to this post.]

They are 15 in total - 3 Tax Saver Mutual Funds (ELSS), 6 equity funds and 6 debt funds spread across goal types and risk profiles.

Tax Save (ELSS under section 80C of the IT Act):

  • Axis Long Term Equity Fund - Growth
  • Reliance Tax Saver Fund - Growth
  • DSP Blackrock Tax Saver Fund - Growth

Equity:

Risk: Low

  • Birla Sun Life Frontline Equity Fund - Growth
  • ICICI Prudential Focused Bluechip Equity Fund - Growth

Risk: Moderate

  • Birla Sun Life MNC Fund - Growth
  • ICICI Prudential Value Discovery Fund - Growth
  • Kotak Select Focus - Growth

Risk: High

  • Birla Sun Life MNC Fund - Growth
  • ICICI Prudential Value Discovery Fund - Growth
  • Canara Robeco Emerging Equities - Growth

Debt:

Risk: Low/Moderate/High

  • Reliance Medium Term Fund - Growth
  • Birla Sun Life Short Term Fund - Growth

Smarter Savings (substitute for savings account or FD; no exit load):

  • Baroda Pioneer Treasury Advantage Fund - Growth
  • IDFC Ultra Short Term Fund-Growth
  • SBI Ultra Short Term Debt Fund - Growth (only for lumpsum, not for SIP)

Emergency Goal (Liquid funds for quicker redemption):

  • HDFC Liquid Fund - Growth
  • DSP BlackRock Liquidity Fund - Institutional Plan - Growth

These are the funds that are currently recommended by Goalwise. They are chosen based on our market-beating fund selection strategy and suitability for the goal under which they are provided. We update this list once every year (most likely in April - at the beginning of the new financial year).

We also allow our investors to choose their own funds while investing (but we do not encourage it since we won't know when to replace custom selected funds if they start doing poorly - so in effect such goals then go out of the purview of our advisory for rebalancing/switching etc). We have online tie-ups with the following Mutual Fund companies and all of their funds are available with us:

Axis Mutual Funds
Baroda Pioneer Mutual Funds
Birla Sun Life Mutual Funds
Canara Robeco Mutual Funds
DSP Blackrock Mutual Funds
Franklin Templeton Mutual Funds
HDFC Mutual Funds
ICICI Prudential Mutual Funds
IDFC Mutual Funds
Invesco Mutual Funds
Kotak Mutual Funds
L&T Mutual Funds
Mirae Mutual Funds
Reliance Mutual Funds
SBI Mutual Funds
TATA Mutual Funds
UTI Mutual Funds

You can also see this list (and the brokerage we receive from them) on https://www.goalwise.com/brokerage

Let us know in the comments if there is some fund that you would like to see here. :)