Best Mutual Funds in 2024

 

Best Mutual Funds in 2024

 

 

Mutual funds are investment vehicles that allow you to pool your money with other investors and invest in various stocks, bonds, and other securities. Mutual funds are professionally managed, can be purchased through a broker or advisor, and come with low fees.

Mutual funds are one of the most popular investment vehicles because they offer the opportunity to diversify across different asset classes without managing individual investments. In addition, mutual funds may provide access to investments that would otherwise not be available to a particular investor.

Here are some of the best mutual funds that you should investing in 2024 :

1) Axis Bluechip Fund

2) Mirae Asset Large Cap Fund

3) Parag Parikh Long-Term Equity Fund

4) UTI Flexi Cap Fund

5) Axis Midcap Fund

Listed below are some of the top 10 performing mutual fund:

Fund Name	1-Year Returns	3-Year Returns
Nippon India Large Cap Fund	34.57%	25.34%
Edelweiss Large Cap Fund	28.39%	18.69%
HDFC Top 100 Fund	28.04%	21.24%
Invesco India Largecap Fund	27.5%	17.22%
SBI Bluechip Fund	26.93%	18.82%
DSP Top 100 Equity Fund	26.3%	15.85%
ICICI Prudential Bluechip Fund	26.17%	19.39%
Bandhan Large Cap Fund	25.58%	15.95%
Aditya Birla Sun Life Frontline Equity Fund	23.73%	17.24%
Tata Large Cap Fund	24.61%	17.9%

Listed below are some of the top 10 performing large and mid cap equity funds

Fund Name	1-Year Returns	3-Year Returns
Nippon India Large Cap Fund	34.57%	25.34%
Edelweiss Large Cap Fund	28.39%	18.69%
HDFC Top 100 Fund	28.04%	21.24%
Invesco India Largecap Fund	27.5%	17.22%
SBI Bluechip Fund	26.93%	18.82%
DSP Top 100 Equity Fund	26.3%	15.85%
ICICI Prudential Bluechip Fund	26.17%	19.39%
Bandhan Large Cap Fund	25.58%	15.95%
Aditya Birla Sun Life Frontline Equity Fund	23.73%	17.24%
Tata Large Cap Fund	24.61%	17.9%

 

Listed below are some of the top performing multi cap equity funds :

Fund Name	1-Year Returns	3-Year Return
Nippon India Multi Cap Fund	39.4%	31.37%
Quant Active Fund	23.54%	24.39%
Baroda BNP Paribas Multi Cap Fund	22.07%	28.12%
Mahindra Manulife Multi Cap Fund	33.79%	24.22%
ICICI Prudential Multicap Fund	30.95%	22.055
ITI Multi Cap Fund	26.73%	21.87%
Edelweiss Maiden Opportunities Fund - Series I - Direct Plan - Growth	22.17%	26.12%
Edelweiss Recently Listed IPO Fund - Direct Plan - Growth	22.17%	26.12%
Invesco India Multicap Fund	29.25%	19.75%
Sundaram Multi Cap Fund	24.53%	18.76%

some of the top Mutual Funds to Invest in India in 2024.

1) Axis Bluechip Fund

The Axis Bluechip Fund is a diversified equity fund that invests in stocks of companies across sectors. The Axis Mutual Fund has managed the fund since its inception in 2010.

The fund has a long-term track record of generating returns for investors and is one of the most popular funds in India. The fund invests in stocks across sectors and has a long-term record of generating investor returns.

2) Mirae Asset Large Cap Fund

The Mirae Asset Large Cap Fund is a mutual fund that invests in large-cap stocks. It belongs to Mirae Asset Mutual Fund House. The fund was established on April 04, 2008, and has been managed by the company since then. It is benchmarked against the NIFTY 100 Total Return Index.

The fund aims to achieve long-term capital appreciation through investment in high-growth potential stocks.

Mirae Asset Large Cap Fund is often among the top 10 mutual funds to invest in India.

3) Parag Parikh Long-Term Equity Fund

Parag Parikh Long Term Equity Fund is an Open-ended Flexi Cap Equity scheme that invests in stocks and equity-related securities. The fund invests in companies with a long-term perspective.

The fund has been under the fund house PPFAS Mutual Fund since its inception in 2013. It is benchmarked against the NIFTY 500 Total Return Index.

4) UTI Flexi Cap Fund

UTI Flexi Cap Fund is a mutual fund that invests in equity and equity-related securities. It has a flexible investment strategy and can invest in any sector of the Indian economy.

The UTI Flexi Cap Fund is an open-ended equity scheme and can invest in stocks, bonds, money market instruments, etc. The fund invests primarily in equities but is exposed to other asset classes, such as fixed-income securities and money market instruments.

5) Axis Midcap Fund

The Axis Midcap Fund is an Open-ended Mid Cap Equity scheme benchmarked against S&P BSE 150 MidCap Total Return Index. The Axis Mutual Fund has managed the fund since its inception in 2011.

6) Kotak Emerging Equity Fund

Kotak Emerging Equity Fund Direct-Growth is an Equity Mutual Fund Scheme launched by Kotak Mahindra Mutual Fund. Kotak Emerging Equity Fund Direct-Growth is an Equity Mutual Fund Scheme launched by Kotak Mahindra Mutual Fund.

The scheme seeks to generate long-term capital appreciation from a portfolio of equity and equity-related securities by investing predominantly in mid-companies. The fund has been there since January 01, 2013, and the average annual returns provided by this fund have been 6.26% since its inception.

7) Axis Small Cap Fund

Axis Small Cap Fund Direct-Growth is an Equity Mutual Fund Scheme launched by Axis Mutual Fund. The scheme seeks to generate long-term capital appreciation from a diversified portfolio of predominantly equity & equity-related instruments of small-cap companies.

8) SBI Small Cap Fund

SBI Small Cap Fund Direct-Growth is an Equity Mutual Fund Scheme launched by SBI Mutual Fund.

The scheme seeks to provide investors with opportunities for long-term capital growth and an open-ended scheme's liquidity by investing predominantly in a well-diversified basket of equity stocks of small-cap companies.

9) SBI Equity Hybrid Fund

SBI Equity Hybrid Fund Direct Plan-Growth is a Hybrid Mutual Fund Scheme launched by SBI Mutual Fund.

The scheme seeks to provide investors with long-term capital appreciation along with the liquidity of an open-ended scheme by investing in a mix of debt and equity.

10) Mirae Asset Hybrid Equity Fund

Mirae Asset Hybrid Equity Fund Direct-Growth is a Hybrid Mutual Fund Scheme launched by Mirae Asset Mutual Fund.

The Scheme seeks to generate capital appreciation and current income from a combined portfolio of equity & equity-related instruments and debt and money market instruments.

Conclusion

Mutual funds have been a lucrative investment option for Indian investors over the last decade. They offer a simple, low-cost way to diversify your portfolio and can be used to grow your money while keeping risk levels manageable.

They are an attractive option because they offer access to a wide range of assets that may be difficult or expensive to purchase individually. This includes stocks, bonds, gold, real estate, and more. In addition, by pooling money from many investors, mutual funds allow you to get exposure to these assets at lower prices than if you were buying them individually.