Top 10 mutual funds in canada 2023

1. NBI Global Equity Fund Series F

Yearly Return - 13.01%

Total Assets Under Management - $1.69 billion

2. Canoe Global Equity Fund Series F

Yearly Return - 13.4%

Total Assets Under Management - $938 million

3. North Stream Credit Strategies Fund

Yearly Return - 13.7%

Total Assets Under Management - $1.9 billion

4. Mackenzie US Small and Mid Cap Growth Fund F

Yearly Return - 12.5%

Total Assets Under Management - $3.16 billion

5. CI Canadian Dividend Fund Series F

Yearly Return - 10.42%

Total Assets Under Management - $1.7 billion

6. Mackenzie Canadian Equity F Series

Yearly Return - 9.0%

Total Assets Under Management - $568 million

7. RBC Canadian Equity Income Fund F Series -Mutual fund

Yearly Return - 8.6%

Total Assets Under Management - $3.15 billion

8. Canoe Asset allocation portfolio F

Yearly Return - 8.28%

Total Assets Under Management - $5 billion

9. RBC Canadian Dividend Fund A

Yearly Return - 7.7%

Total Assets Under Management - $19.5 billion

10. Invesco Select Balanced Fund F Series

Yearly Return - 7.96%

Total Assets Under Management - $596 million

FAQ

What is a mutual fund?

A mutual fund is a type of investment that pools money from many investors and invests it in a variety of assets, such as stocks, bonds, and money market instruments. Mutual funds are managed by a professional investment manager who seeks to achieve a specific investment objective, such as growth or income.

How do mutual funds work?

When you invest in a mutual fund, you are buying shares of the fund. The fund manager uses the money from the sale of shares to buy the underlying assets. The value of your shares will go up or down depending on the performance of the underlying assets.

What advantages do investing in mutual funds offer?

Among the advantages of investing in mutual funds are:

*Diversification: Mutual funds allow you to invest in a variety of assets, which can help reduce your risk.

*Professional management: Mutual funds are managed by professional investment managers who have the expertise to select and manage the underlying assets.

*Liquidity: Mutual funds are easily bought and sold, so you can access your money when you need it.

*Tax efficiency: Mutual funds can be tax-efficient, depending on the type of fund.

What dangers exist while buying mutual funds?

The risks of investing in mutual funds include:

*Market risk: The value of your shares can go down if the market goes down.

*Management risk: The fund manager may make poor investment decisions, which could hurt the performance of the fund.

*Liquidity risk: If you need to sell your shares quickly, you may not be able to get the price you want.

*Tax risk: The tax implications of investing in mutual funds can be complex.

What are the different types of mutual funds?

There are many different types of mutual funds, but some of the most common ones include:

*Stock funds: Stock funds invest in stocks, which are shares of ownership in companies.

*Bond funds: Bond funds invest in bonds, which are loans that are issued by governments or companies.

*Money market funds: Money market funds invest in short-term debt securities, such as treasury bills and commercial paper.

*Index funds: Index funds track a specific market index, such as the S&P 500.

*Exchange-traded funds (ETFs): Mutual funds and ETFs are comparable, except ETFs are exchanged on stock markets.

How do I choose a mutual fund?

When choosing a mutual fund, you should consider your investment goals, time horizon, risk tolerance, and investment style. You should also consider the fees charged by the fund.

How do I buy a mutual fund?

You can buy a mutual fund through a brokerage firm or directly from the fund company. You can buy shares of the fund in a lump sum or through regular contributions.

How do I sell a mutual fund?

You can sell shares of a mutual fund through a brokerage firm or directly from the fund company. You can sell your shares at any time, but you may have to pay a sales charge if you sell within a short period of time.

What are the fees associated with mutual funds?

Mutual funds are subject to a variety of fees, such as:

*Management fees: Management fees are charged by the fund manager to cover the costs of managing the fund.

*Sales charges: Sales charges are charged when you buy or sell shares of the fund.

*Distribution fees: Distribution fees are charged to cover the costs of marketing and distributing the fund.

*12b-1 fees: 12b-1 fees are charged to cover the costs of marketing and advertising the fund.

How do I research mutual funds?

You may study mutual funds using a variety of resources, including:

*Mutual fund ratings: Mutual fund ratings are published by independent rating agencies, such as Morningstar.

*Mutual fund prospectus: The prospectus is a legal document that provides information about the fund, such as its investment objective, fees, and risks.

*Mutual fund performance: You can track the performance of mutual funds over time by looking at their historical returns.

*Mutual fund comparisons: There are a number of websites that allow you to compare mutual funds side-by-side.

What is the difference in a mutual fund and an ETF?

A mutual fund and an ETF are fundamentally different from one another since ETFs are traded on stock exchanges whereas mutual funds are not. This indicates that although mutual funds may only be purchased and sold at the close of trade, ETFs can be bought and sold at any time throughout the day. ETFs frequently charge less in fees than mutual funds do.

Which is better, a mutual fund or an ETF?

The optimal investment for you will depend on your specific situation. If you are looking for an investment that is liquid and has low fees, then an ETF may be a good option for you. However, if you are looking for an investment that is managed by a professional investment manager, then a mutual fund may be a better choice.

What amount must be invested in a mutual fund as a minimum?

The minimum investment for a mutual fund can vary from fund to fund. Some funds have no minimum investment, while others require a minimum investment of $100, $500, or more.

How do I find the best mutual fund for me?

There are a few things you can do to find the best mutual fund for you:

*Consider your investment goals: What are you saving for? When do you need the money?

*Determine your risk tolerance: How much risk are you comfortable with?

*Consider your time horizon: How long do you have until you need the money?

*Research different funds: Read prospectuses, compare fees, and look at performance.

*Talk to a financial advisor: A financial advisor can help you choose the right funds for your needs.

What typical blunders should you steer clear of when buying mutual funds?

Here are a few frequent blunders to steer clear of while buying mutual funds:

*Not doing your research: Don't just invest in the first mutual fund you see. Make an informed decision and select the best fund for you.

*Not considering your fees: Fees can eat into your returns, so it's important to consider the fees charged by the fund.

*Not rebalancing your portfolio: Your investment goals and risk tolerance may change over time, so it's important to rebalance your portfolio regularly.

*Not selling when you need to: If you need to access your money, don't wait until the market is down to sell.

What is the future of mutual funds?

The future of mutual funds is uncertain, but some of the trends that are expected to shape the industry include:

* The rise of ETFs: ETFs are becoming increasingly popular, which could pose a threat to mutual funds.

* The growth of passive investing: Passive investing is becoming increasingly popular, which could also hurt mutual funds.

* The rise of robo-advisors: Robo-advisors are automated investment platforms that could make it easier for people to invest in mutual funds.

What are some alternatives to mutual funds?

There are a number of alternatives to mutual funds, including:

* ETFs: Although they are traded on stock markets, ETFs are comparable to mutual funds.

* Index funds: These investments follow a particular market index, such the S&P 500.

* Individual stocks: Individual stocks are shares of ownership in companies.

* Bonds: Bonds are loans that are issued by governments or companies.

* Cash: Cash is the most liquid asset, but it also has the lowest returns.

What are the tax implications of investing in mutual funds?

The tax implications of investing in mutual funds can be complex. The type of fund, the length of time you hold the fund, and your income tax bracket can all affect the amount of taxes you owe.

How do I report my mutual fund investments on my taxes?

You will need to report your mutual fund investments on your taxes if you sell them during the year or if you receive distributions from the fund. You can find the information you need to report your mutual fund investments on your tax return in the fund's prospectus.

What are the regulations governing mutual funds in Canada?

Mutual funds in Canada are regulated by the Canadian Securities Administrators (CSA). The CSA sets rules and regulations for mutual funds to ensure that they are fair and transparent.

High Return Mutual Funds in Canada 2023

1. NBI Global Equity Fund Series F

2. Canoe Global Equity Fund Series F

3. North Stream Credit Strategies Fund*

4. Mackenzie US Small and Mid Cap Growth Fund F

5. CI Canadian Dividend Fund Series F

6. Mackenzie Canadian Equity F Series

7. RBC Canadian Equity Income Fund F Series - Mutual Fund

8. Canoe Asset allocation portfolio F

9. RBC Canadian Dividend Fund A

10. Invesco Select Balanced Fund F Series

Top 10 mutual funds in canada 2023

A mutual fund is a type of investment that pools money from many investors and invests it in a variety of assets, such as stocks, bonds, and money market instruments.