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Top 10 Mutual funds that has given best returns in 2016
Select mutual funds, especially funds of funds, emerged saviours for investors all through calendar 2016 even as the domestic equity market wiggled through uncertainty and multiple domestic as well as global headwinds.

A spate of outflow of portfolio money from foreign institutional investors and scars of demonetisation hurt domestic stocks through the year.

Among the best-performing funds, HSBC Brazil Fund topped the chart, with over 50 per cent gains between January and December 2016, while the benchmark BSE Sensex managed only about 0.50 per cent return during this period.

The HSBC scheme seeks to achieve long-term capital appreciation by investing predominantly in units or shares of HSBC Global Investments Funds (HGIF) Brazil Equity Fund. Anitha Rangan is the portfolio manager.

best mutual funds for investment in 2017 with sip