We have been in the stock market for decades and have seen that the best mutual fund is the one tracking the index in totality i.e. Sensex or Nifty as these mutual funds invest in stocks that are constituents of a benchmark index for eg stocks of Sensex or Nifty and investment is as per their composition in the index. Like, say Infosys has a weightage of 3.8%, the fund will invest 3.8% of its corpus in Infosys. Such type of funds is called as passively managed funds.
One has to just make sure that these funds do not undertake tracking error and do not deviate from laid down guidelines to get a good return in the long term. You must ask this question to the mutual fund that what is its tracking error. We ask you to be invested in this type of mutual fund with a minimum time horizon of 5 years. See how Nifty has performed on a yearly basis to get an idea that how much you can expect returns from Nifty in a five years period.
However, if you have a flair for stock market than none can beat our best stocks for intraday trading tomorrow as we have an experience of numerous decades being in stock market and know where action is going to take place and you can get money in shortest possible time frame because more you stay in market, more you tend to lose.