Only two largecap-oriented schemes figure in the list, while 14 midcap schemes managed the impressive feat. The Indian government allows a rebate on income tax on money invested in mutual funds up to a maximum of ₹150,000 a year to every individual under section 80C of the Income Tax Act. After some number crunching ET.com Mutual Funds found out that there are indeed over 20 schemes that have managed to offer over 15 per cent annual returns or CAGR in the last 10 years. In India, systems like CRISIL, Morning Star, and ICRA. As a result, we see the best performance funds keep changing. The 3 and 5 year annualized gains stand at 31.3 and 31. Over the past few years, mutual fund schemes in India have significantly grown. PRHSX boasts year-to-date return of 10.3 and has returned 25.1 over the past 1 year. People invest in mutual funds in India for financial security, to grow their wealth as well as to save on taxes. PRHSX currently carries a Zacks Mutual Fund Rank 2. The inflow into these funds were ₹107 billion, the highest in the last seven months. Mutual funds - a pool of money collected from many investors to invest in stocks, bonds, money market instruments, and other assets- in India ended June 2019 with record money under management.
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