HERE ARE THE TOP FOCUSED MUTUAL FUNDS FOR INVESTMENT IN 2024
Published By MintGenie Team | 16 Apr, 2024
Focused mutual funds are equity mutual funds, investing primarily in a limited number of stocks (up to 30) with at least 65% of assets in equity and related instruments, as per Sebi's mutual fund categorization.
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Here are the top focused mutual funds with returns ranging from 17% to 22%:
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Quant Focused Fund
The Quant Focused Fund yielded a five-year return of 22.06%, indicating that an investment of ₹1 lakh made in the scheme five years ago would now be valued at ₹2.70 lakh.
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360 ONE Focused Equity Fund
The 360 ONE Focused Equity Fund generated a five-year return of 21.66%, meaning that an investment of ₹100,000 in the scheme five years ago would now be worth ₹2.66 lakh.
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ICICI Prudential Focused Equity Fund
The ICICI Prudential Focused Equity Fund yielded a five-year return of 19.59%, indicating that an investment of ₹100,000 made in the scheme five years ago would now be valued at ₹2.44 lakh.
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HDFC Focused 30 Fund
The HDFC Focused 30 Fund delivered a five-year return of 19.14%, implying that an investment of ₹100,000 in the scheme five years ago would now be worth ₹2.40 lakh.
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Franklin India Focused Equity Fund
The Franklin India Focused Equity Fund yielded a five-year return of 18.36%, meaning that an investment of ₹1 lakh made in the scheme five years ago would now be valued at ₹2.32 lakh.
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Sundaram Focused Fund
The Sundaram Focused Fund delivered a five-year return of 17.89%, indicating that an investment of ₹1 lakh in the scheme five years ago would now be worth ₹2.27 lakh.