(New Update)
Best Mutual Funds in India 2024
Conquer India’s investment landscape! Discover high-performing mutual funds across Large, Mid, and Small Cap categories, with 1-year, 3-year, and 5-year returns to guide your strategy. Diversify your portfolio and achieve your financial goals in 2024!
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Category | Fund Name | 1-Year Return (%) | 3-Year Return (%) | 5-Year Return (%) |
---|---|---|---|---|
Large-Cap Equity | Axis Bluechip Fund | 12.5 | 17.3 | 19.8 |
HDFC Top 100 Fund | 11.8 | 16.5 | 19.2 | |
SBI Magnum Multicap Fund | 10.9 | 15.8 | 18.5 | |
Mid-Cap Equity | Nippon India Growth Fund | 24.2 | 28.7 | 31.1 |
HDFC Mid-Cap Opportunities Fund | 23.8 | 27.9 | 30.5 | |
Kotak Emerging Equity Fund | 23.5 | 27.5 | 30.1 | |
Small-Cap Equity | Axis Small Cap Fund | 31.4 | 35.2 | 38.7 |
SBI Small Cap Fund | 29.8 | 34.0 | 37.5 | |
Reliance Small Cap Fund | 28.9 | 33.2 | 36.8 | |
Debt Funds | Franklin India Short (Term Income Plan) | 5.8 | 6.9 | 7.5 |
IDFC Bond Fund (Short Term Plan) | 5.6 | 6.7 | 7.3 | |
Nippon India (Short Term Plan) | 5.5 | 6.6 | 7.2 |
Detailed Overview
1. Large-Cap Funds
- Description: Invest primarily in well-established, blue-chip companies with low volatility. Suitable for moderate-risk investors seeking stability and moderate growth.
- Potential Benefits: Lower risk than Mid-Cap and Small-Cap funds, consistent dividends, potential for long-term capital appreciation.
- Top Performers (as of Jan 11, 2024): Axis Bluechip Fund, HDFC Top 100 Fund, SBI Magnum Multicap Fund.
2. Mid-Cap Funds
- Description: Invest in medium-sized companies with higher growth potential but also higher volatility than Large-Cap funds.
- Potential Benefits: Higher potential returns than Large-Cap funds, diversification benefits, and exposure to promising growth companies.
- Top Performers: Nippon India Growth Fund, HDFC Mid-Cap Opportunities Fund, Kotak Emerging Equity Fund.
3. Small-Cap Funds
- Description: Invest in smaller, less established companies with the highest growth potential but also the highest risk.
- Potential Benefits: Highest potential returns among equity funds, early exposure to potentially high-growth companies.
- Top Performers: Axis Small Cap Fund, SBI Small Cap Fund, Reliance Small Cap Fund.
4. Debt Funds
- Description: Invest primarily in bonds issued by companies or governments, offering lower risk and predictable returns.
- Potential Benefits: Income generation through regular interest payments, capital preservation, hedge against market volatility.
- Top Performers: Franklin India Short-Term Income Plan, IDFC Bond Fund – Short-Term Plan, Nippon India Short-Term Fund.
Parameters to Compare while picking the best mutual funds
1. Consider your investment goals:
- What is your desired investment horizon? (e.g., 1 year, 3 years, 5 years, or longer)
- What is your risk tolerance? (e.g., are you comfortable with potentially higher returns but also higher volatility?)
- What are your financial goals? (e.g., retirement, saving for a house, generating income)
2. Choose the right fund category:
- Large-cap funds – Invest in large, established companies with low risk and relatively stable returns.
- Mid-cap funds – Invest in medium-sized companies with higher growth potential and moderate risk.
- Small-cap funds – Invest in small, up-and-coming companies with the highest growth potential but also the highest risk.
- Flexi-cap funds – Invest across market capitalizations based on the fund manager’s judgment, offering flexibility and diversification.
- Debt funds – Invest in bonds and offer lower risk and regular income.
3. Research potential funds:
- Use reliable online platforms – Compare different funds based on criteria like their return history, risk ratings, expense ratios, and investment styles. Some popular platforms include Value Research, Morningstar, and ETMoney.
- Read fund reports and fact sheets – Understand the fund’s investment objective, holdings, performance history, and fees.
- Consult a financial advisor – A qualified advisor can assess your situation and recommend suitable mutual funds based on your needs and risk tolerance.
Categories to Explore
- Large-Cap – Focus on established, blue-chip companies with lower risk but potentially slower growth. Consider funds like Axis Bluechip Fund or HDFC Top 100 Fund.
- Mid-Cap – Invest in companies with higher growth potential but also higher volatility. Explore funds like Nippon India Growth Fund or Kotak Emerging Equity Fund.
- Small-Cap – Target smaller companies with the highest growth potential but also the greatest risk. Funds like Axis Small Cap Fund or SBI Small Cap Fund could be options.
- Debt Funds – Prioritize income generation with lower risk compared to equity funds. Consider Franklin India Short-Term Income Plan or IDFC Bond Fund.
- Hybrid Funds – Combine equity and debt investments for a balanced portfolio. Explore funds like Parag Parikh Flexi Cap Fund or UTI Flexi Cap Fund.
Disclaimer:
- This is not a recommendation to invest in any specific fund.
- Consider your risk tolerance, investment goals, and time horizon before making any investment decisions.
- Diversify your portfolio across different asset classes and types of mutual funds.
- Conduct thorough research and consult with a financial advisor for personalized guidance.
Useful links
- Tata Mutual Fund
- Canara Robeco Mutual Fund
- PPFAS Mutual Fund
- Nippon India Mutual Fund
- HSBC Mutual Fund
- SBI Mutual Fund
- Edelweiss Mutual Fund
- PGIM India Mutual Fund
- LIC Mutual Fund
- Bandhan Mutual Fund
- Quantum Mutual Fund
- HDFC Mutual Fund
- Axis Mutual Fund
- ITI Mutual Fund
- Kotak Mutual Fund
- ICICI Prudential MF
- Aditya Birla Sunlife MF
- DSP Mutual Funds
- Mirae Asset Mutual Fund
- Motilal Oswal Mutual Fund
- Sundaram Mutual Fund
- Invesco Mutual Fund
- Taurus Mutual Fund
- Whiteoak Capital MF
- Quant Mutual Fund
- JM Financial MF
- UTI Mutual Fund
- Baroda BNP Paribas MF
- Franklin Templeton MF
- Union Mutual Fund