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5 Best Equity Mutual Funds for 2021

How we have selected the best equity Mutual Funds? 1) Past performance We have selected the mutual funds based on their past performance. For this, we have kept in mind their 3 to 5-year returns. 2) Ratings Some institutions like Crisil, ICRA, CARE Rating and Value Research Online provide very reliable ratings, which we have kept in mind, before allocating these 5 equity mutual funds. 3) Quality of the portfolio We have also kept the quality of the portfolio in mind. In fact, much of the weightage has been given to the same. Based on the above, we have arrived at these 5 best mutual fund schemes to invest in 2021. 1. Axis Bluechip Fund Growth Axis Bluechip Fund growth has a 5-star rating from Crisil. The fund has a solid track record and has generated returns of close to 19.74% annualized returns in the last three years. The returns every year over the last 5 years average of 13.8%. The fund has solid holdings including in HDFC Bank, Reliance Industries, Kotak Ma

ungle Ventures raises $240 mn for third fund


Jungle Ventures, a Singapore-based venture capital (VC) firm that has invested in several Indian startups, has raised $240 million for its third fund, Mint reported citing a press statement from Jungle Ventures. The firm will invest in innovative technology and digital-driven consumer businesses across Southeast Asia from this fund. For its previous two funds in 2013 and 2016, it had raised $12 million and $100 million, respectively. More than 90% of the capital for the third fund came from institutional investors from North America, Europe, West Asia and Asia. These investors include DEG, Germany’s development finance institution; IFC, a member of the World Bank Group; Bualuang Ventures, a corporate VC fund of Bangkok Bank; Dutch development bank FMO; Cisco Investments and Singapore’s Temasek, among others. The Jungle Ventures III fund includes $40 million raised in separately managed account commitments, the statement added. The firm has already invested in five companies spread across Southeast Asia, such as Engineer.AI, Sociolla, SweetEscape, KiotViet and Waresix, from the new fund. Around 40% of the money raised for each of the previous two funds was invested in India. Jungle Ventures’ portfolio covers digital consumer brands focused on millennials in Southeast Asia, digital platforms for transforming small and medium enterprises (SMEs) and global technology leaders born in Asia. It has backed Indian startups, such as Moglix, Tookitaki, ZipDial, Mobikon, Livspace, Engineer.AI and Vayana, and helped some of them expand across Southeast Asia or globally.

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