With more than 1,500 schemes available across categories, it’s no mean task to pick just six to seven funds to build your portfolio. That’s where Outlook Money’s list of 50 handpicked funds, OLM 50, comes in. The funds included in the list are put through stringent filters (read ‘Methodology’) and the selection is based on various parameters and not just returns.
In the new edition of OLM 50, which is being revived after a gap of around seven years, we have included funds from three broad investing categories—equity, hybrid and debt.
Equity Funds
We have included 30 equity schemes in the list. Five of them are from the large-cap space and five others are from the large-and-mid-cap and flexi-cap categories. To keep the list simple and handy to use by individual investors, we have merged the flexi-cap and large-and-mid-cap categories under ‘Equity (Others)’. Funds from the mid-cap, small-cap and equity-linked savings schemes (ELSS) categories are listed separately.
There are eight passively managed funds—index funds and exchange-traded funds (ETFs)— in the list for those who see potential there. To give your portfolio an international diversification, we have included Motilal Oswal Nasdaq 100 ETF as well.
Hybrid Funds
In this category, we have included funds from three sub-segments—hybrid aggressive (equity-oriented), hybrid conservative (debt-oriented) and dynamic asset allocation (balanced advantage funds or BAF)—as different investors may have different needs.
Debt Funds
Given the current market scenario, where interest rates are going up, we have included two dynamic bond funds in OLM 50.
Though liquid funds are not considered an investment option, we have included some as they can be used to park money for emergency needs.
