10 American Mutual Funds In Which Indians Can Also Invest: Best Mutual Funds To Invest In 2023

American Mutual Funds

1) American Funds Investment Company of America

The Investment Company of America fund (AIVSX) is a growth and income-oriented equity mutual fund that has been actively managed. Since its creation in 1934, the typical annual return has been 12.04%, surpassing the S&P 500’s 10.64% average yearly return for the same time period as of March of 2021. The fund has a five-year annualised return of 12.73%, a 0.58% cost ratio, and a 1.26% dividend yield.

2) American Mutual Fund

The American Mutual Fund (AMRMX) is a large-cap values fund and seeks to save money by choosing the companies with solid fundamentals and long-term dividends (American Mutual Funds). Since its inception in 1950, the fund has averaged an annual return of 11.53%. The fund’s five-year annualised return is 10.9%, with a 0.59% cost ratio and a 1.73% dividend yield.

3) New Perspective Fund

In March 1973, American Funds introduced the New Perspective Fund (ANWPX), with the investing aim of long-term capital appreciation. The fund management mostly invests in blue-chip international corporations through common stock, preferred stock, bonds, or convertible instruments. An average yearly returns since start is 12.61% as of May 2021. The fund’s five-year annualised return is 17.16%, with a 0.76% cost ratio and a 0.11% dividend yield.

4) AMCAP Fund

The AMCAP Fund (AMCPX), established in 1967, pursues long-term capital growth by choosing firms with consistently higher profits (American Mutual Funds). The fund’s ten-year average annual return is 12.43%, its five-year annualised return is 15.34%, and its cost ratio is 0.68%, which is substantially below the category average of 1.17%. The dividend yield is at 0.17%.

5) The Growth Fund of America

The Growth Fund of America (AGTHX), founded in December 1973, goes after long-term capital growth through investing in cyclical firms, undervalued companies, and possible turnaround stories. The average annual return of the fund is 13.44%, the five-year annualised return is 19.25%, and the cost ratio is 0.64%.

6) The Income Fund of America

The Income Fund of America (AMECX), which debuted in December 1973, pursues capital growth by investing (American Mutual Funds) in a mix of equities, convertible instruments, and bonds. It has a 10-year annualised return of 7.71%, a 5-year annualised return of 7.96%, and an expense ratio of 0.57%. The fund has an appealing dividend yield of 2.95%.

7) American Balanced Fund

The American Balanced Fund (ABALX), which debuted in July 1975, pursues long-term capital and income expansion by investing at least 60% of its financial holdings in shares of common stock and 40% in the bond market as a whole. The fund’s five-year annualised return is 9.81%, with a 0.58% expense ratio and a 1.6% dividend yield.

8) The Bond Fund of America

The Bond Fund of America (ABNDX) (American Mutual Funds), established in 1973, manages a diverse stable income assets by responding to evolving bond market circumstances in pursuit of high income and capital preservation. The fund’s 10-year annualised return is 3.08%, and its five-year annualised return is 3.00%. It has a 0.57% expenditure ratio and a 1.5% yield.

9) The Tax-Exempt Bond Fund of America

The Tax-Exempt Bond Fund of America (AFTEX), established in October 1979, intends to maximise tax-exempt income by investing largely in municipalities and government-issued bonds. The fund has a 4.07% annualised return over ten years and a 2.62% annualised return over five years. The fund’s 12-month yield is 2.14%, with a 0.52% cost ratio.

10) Fundamental Investors Fund

Since its creation in August 1978, the Fundamental Investors Fund (ANCFX) has sought for value-add opportunities and businesses with superior sales and profits prospects. The 10-year annualised return of 12.30% has been surpassed by the fund’s five-year annualised return of 14.33%. The dividend yield is 1.33%, while the expense ratio is 0.61%.