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.
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 | 36.72 |
Quant Large Cap Fund | 49.24 |
JM Large Cap Fund | 38.25 |
Bank of India Bluechip Fund | 39.10 |
Nippon India Large Cap Fund | 36.10 |
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 | 53.75 |
HSBC Midcap Fund | 50.64 |
Mahindra Manulife Mid Cap Fund | 58.59 |
JM Midcap Fund | 57.90 |
Quant Mid Cap Fund | 60.24 |
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 | 65.44 |
Nippon India Value Fund | 54.11 |
JM Value Fund | 59.08 |
HSBC Value Fund | 50.03 |
ABSL Pure Value Fund | 54.43 |
(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.
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Business NewsMutual FundsBest mutual funds to invest right now in 2024; check list here
First Published:9 Feb 2024, 01:15 PM IST
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