Best mutual funds to buy in 2020: Top plans that can make hefty money for you

Best mutual funds to buy in 2020: The New year 2020 is coming and there has been a tendency among investors to make new investments at the beginning of the year. Since systematic investment plan (SIP) has made it easier for an investor to invest in mutual funds, beginning a new mutual fund policy at the beginning of the new year helps an investor to diversify his portfolio as well. However, before making any new investment decision, there are some measures that a mutual fund investor must do, say tax and investment experts.

Speaking on the measures required before making new investment plans in the beginning of a new year, Neelabh Sanyal, COO at Kuwera said, "While making any new mutual fund SIP investment, one must check the mutual funds performance in 2019. This will help them know the indexation and how it can help them maximise their money's worth by right selection of the mutual fund category." He also said that every year, one should increase the SIP value as one's income goes up after a year. It also helps an investor to beat inflation during the period.

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Asked about the top mutual funds that a mutual fund SIP investor can think of investing in 2020 Neelabh listed out the following mutual fund plans:

1] UTI Nifty Next 50 Index Fund;

2] Motilal Oswal Focused 25 Fund;

3] DSP Equal Nifty 50 Fund; and

4] ICICI Pru US Bluechip Equity Fund.