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Mutual Fund Screener | Best Mutual Funds to Invest In

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Created on
May 24, 2023

Summary

What’s Inside

A mutual fund screener India is available on various trading platforms and websites. Such tools enable the user to choose specific trading instruments suitable for specific criteria profiles. Users can screen mutual funds based on data, price, market capitalization, or a 52-week percentage on price change. You can also consider dividend yield, the average return on investment (ROI) over five years, and typical volume.

Several software and trading platforms exist to enable users to screen and use technically indicative data. For example, a user can filter out those mutual funds whose Relative Strength Index (RSI) are within desirable ranges. Or, they can go for the ones performing above their respective 200-day climbing averages.

Why Use a Mutual Fund Selector?

The screening tool helps investors to identify a mutual fund accommodating particular criteria set. The investor utilizes those screeners on mutual funds that show enough promise of being successful in the future. For active traders, the tools for stock screening are used to identify high-probability set-ups for all short-term positions. 

With more filters being adapted, fewer stocks show up on a screener, allowing traders and investors to examine a plethora of mutual funds within short periods. It also enables them to appropriately select a mutual fund that focuses on all instruments within the metrics defined by the user.

The Best Mutual Funds For 2023

A mutual fund is an investment scheme professionally managed by a proper company for asset management. The company gathers a number of people to invest their capital in bonds, stocks, and other assorted securities.

The investor buys 'units' of a mutual fund representing his holdings in that particular scheme. Such units are purchasable or redeemable as required and at the fund's current net asset value (NAV).

However, such NAVs do keep fluctuating on market conditions and also by way of the said fund's holdings. Hence, each investor has proportional participation in the fund's gains or losses. The following are some of the leading mutual funds in India right now:

  1. Canara Robeco Bluechip Equity Fund (G)
  2. Canara Robeco Emerging Equities Fund (G)
  3.  Kotak Gold Fund (G)
  4.  HDFC Gold Fund (G)
  5. Aditya Birla Sun Life Money Manager Fund (G)
  6. Parag Parikh Flexi Cap fund (G)
  7. Nippon India Value Fund (G)
  8. HDFC Floating Rate Debt Wholesale Plan (G)
  9. Aditya Birla Sun Life Savings Fund (G)

Conclusion

Stock screeners enable traders and investors to quickly sort through hundreds of securities to identify those that cater to their respective methodologies. Moreover, stock screeners also deliver alerts after meeting specific user-defined parameters and draw the investor's attention to critical opportunities for purchasing or selling. In sum, depending on the user's inputs on personal requirements, screeners narrow down investment opportunities.

Mutual Fund investments on Fi are commission-free. With its intuitive user interface, suited for novice & seasoned investors, you can select from over 900 direct Mutual Funds. Plus, Fi's 100% secure as it functions under the guidance of epiFi Wealth, a SEBI-registered investment advisor. To help simplify the steps involved, you can invest daily, weekly, or monthly via automatic payments or SIPs — created with one screen tap. Moreover, Fi offers 100% flexibility with zero penalties for missed payments. 

Frequently Asked Questions

1. Which Site Is Best for Checking Mutual Fund Analysis?

One can check out the FiMoney platform for investments and research on mutual funds in India. Over 2.5 million users trust the platform and carry articles and in-depth blogs on indicators for the Right Time for Investing. It helps investors appropriately time their investments in mutual funds.

2. What Is a Mutual Fund Screener? How Do They Benefit an Investor?

A mutual fund screener is a specialised tool that enables traders and investors to quickly sort through hundreds of secure investments. They can identify those that cater to their respective methodologies and needs.

They make it more convenient for the investor to choose a mutual fund with their desired returns. In addition, they can alert the user for fraudulent activities from any flagged accounts.

Disclaimer

Investment and securities are subject to market risks. Please read all the related documents carefully before investing. The contents of this article are for informational purposes only, and not to be taken as a recommendation to buy or sell securities, mutual funds, or any other financial products.
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