Top performing mutual funds of 2024 based on past returns. Should you invest too?
Investing in mutual funds is popular for long-term growth and diversification. Factors like reputation, scheme category, and market performance influence investors' decisions. Here are top-performing mutual funds based on one-year returns.
Investing in mutual funds is a popular option for those looking for long-term growth and diversification. While historical returns are important to consider, there are other factors that also influence investors' decisions.
Factors like the fund house's reputation, scheme category, and market performance are key considerations. If you have invested in mutual funds this year, you have likely experienced positive returns, making it a rewarding time for mutual fund investors.
Here we provide a list of the top-performing mutual funds based on their one-year returns.
Focused Funds
Focused Funds | 1-year-returns (%) |
Invesco India Focused Fund | 49.43 |
JM Focused Fund | 40.70 |
Quant Focused Fund | 45.17 |
Invesco India Focused Fund | 49.43 |
Mahindra Manulife Focused Fund | 39.29 |
Focused mutual funds are investment schemes that concentrate on a limited number of stocks, with a maximum limit often set at 30. These funds must invest at least 65 percent of their assets in equity and equity-related instruments, as defined by the Securities and Exchange Board of India (SEBI) categorization for mutual funds.
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 mutual funds are investment schemes that allocate a minimum of 80 percent of their portfolio to large-cap stocks, as per the guidelines set by the SEBI for categorization and rationalisation of mutual fund schemes.
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 |
(Source: AMFI, returns as on Feb 12, 2024)
Mid-cap mutual funds are investment schemes that allocate at least 65 percent of their assets to mid-cap stocks. Mid-cap stocks are securities of companies ranked between 101 to 250 based on their market capitalization in the stock markets, as per the guidelines set by the SEBI for categorization and rationalisation of mutual fund schemes.
Also Read: Index mutual funds: 5 key reasons to invest in them during bull run
It is important to note that while historical returns are significant, they do not guarantee the future performance of a mutual fund scheme. Investors should consider other crucial factors, including the scheme's category, the reputation of the fund house, and the track record of the fund manager, when making investment decisions.
Note: This story is for informational purposes only. It is recommended to consult with a SEBI-registered investment advisor before making any investment-related decisions.
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Business NewsMutual FundsTop performing mutual funds of 2024 based on past returns. Should you invest too?
First Published:13 Feb 2024, 04:24 PM IST
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