Best mutual funds to invest right now in 2024; check list here | Mint
Active Stocks
Fri Feb 23 2024 15:58:13
  1. Tata Steel share price
  2. 145.50 -0.24%
  1. State Bank Of India share price
  2. 759.40 -0.86%
  1. HDFC Bank share price
  2. 1,420.90 0.08%
  1. NTPC share price
  2. 337.70 -0.54%
  1. ITC share price
  2. 411.60 -0.65%
Business News/ Mutual Funds / Best mutual funds to invest right now in 2024; check list here

Best mutual funds to invest right now in 2024; check list here

Large cap, mid cap, and value funds are the best mutual funds to invest in 2024 based on their past one-year returns.

Best mutual funds to invest in 2024Premium
Best mutual funds to invest in 2024

Investing in mutual funds has always been a popular choice for investors seeking long-term growth and diversification. While historical returns are often a crucial consideration for potential investors, there are several other factors that play a significant role in their decision-making process.

Factors such as the reputation of the fund house, the category of the scheme, and the overall performance of the market are key considerations that can influence an investor's decision. 

If you have invested in mutual funds this calendar year, it is likely that you have enjoyed favourable returns, making it a rewarding period for mutual fund investors.

Here we present list of the best mutual funds to invest based on their past one-year returns:

Large cap funds

Large Cap Funds

1-year-returns (%)

Taurus Large Cap Fund 


Quant Large Cap Fund


JM Large Cap Fund  


Bank of India Bluechip Fund


Nippon India Large Cap Fund  


Large cap schemes are suitable for risk-averse equity investors seeking safety. These funds invest in the top 100 stocks, providing relatively stable returns and lower volatility compared to mid cap and small cap schemes. Invest in large cap schemes for modest returns and stability.

Mid Cap Funds 

Mid Cap Funds 

1-year-returns (%)

HDFC Mid-Cap Opportunities Fund  


HSBC Midcap Fund  


Mahindra Manulife Mid Cap Fund 


JM Midcap Fund   


Quant Mid Cap Fund 


Mid cap mutual fund schemes are ideal for diversifying portfolios due to their investments in medium-sized companies with strong growth potential. Nevertheless, these funds carry a notable degree of risk, falling between the higher risk of small-cap stocks and lower risk of large-cap ones.

Value Funds

Value Funds  

1-year-returns (%)

Quant Value Fund 


Nippon India Value Fund   


JM Value Fund   


HSBC Value Fund


ABSL Pure Value Fund


(Source: AMFI; returns as on Feb 8, 2024) 

Value funds are mutual fund schemes that employ a value investment strategy and allocate at least 65 percent of their assets to stocks.


Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Deepika Chelani
A business media enthusiast. She covers the markets and personal finance beat for LiveMint.
Catch all the Mutual Fund news and updates on Live Mint. Check all the latest action on Budget 2024 here. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Published: 09 Feb 2024, 01:15 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App