Best Mutual Funds to Invest in 2024 growth story of mutual funds in India over the years has been quite impressive, which is why the best mutual funds in the market are constantly changing. CRISIL is one of the few systems that we have, along with Morning Star and ICRA.
The best mutual funds in India are evaluated based on the qualitative and quantitative factors. These systems assess mutual funds based on their return, assets, asset size, expense ratio and standard deviation.
We have compiled a list of the top mutual funds in India for the year 2024.
If you are looking for the best mutual fund to invest in in India, then you are in the right place. We are here to help.
Why invest in Mutual Funds
In an open-ended scheme, an investor can buy and sell the units at any point in time. However, in a mutual funds scheme, transactions only take place when the investment firm discloses the day's NAV. Therefore, mutual funds are considered closed-end investments.
Investing directly can be very time-consuming and requires a lot of research. Mutual funds, on the other hand, offer diversification by holding a variety of financial instruments such as bonds, gold, stocks, and more.
The mutual funds industry is regulated by the Securities and Exchange Boards (SEBI). This means that investment firms must produce periodic performance reports to ensure transparency Best Mutual Funds to Invest in 2023-2024
Top 5 Large Cap Equity Funds
- Nippon India Large Cap Fund
- HDFC Top 100 Fund
- IDBI India's Top 100 Equity Fund
- ICICI Prudential Bluechip Fund
- TATA Large Cap Fund
Top 5 Mid-Cap Equity Funds
- PGIM India Midcap Opportunities Fund
- Motilal Oswal Midcap 30 Fund
- Edelweiss Mid Cap Fund
- SBI Magnum Mid Cap Fund
- HDFC Mid Cap Opportunities Fund
Top 5 Small Cap Equity Funds
- Nippon India Small Cap Fund
- ICICI Prudential Small Cap Funds
- Kotak Small Cap Fund
- DSP BlackRock Small Cap Fund
- SBI Small Cap Fund
Top 5 Diversified/Multi Cap Equity Funds
- Nippon India Multi Cap Fund
- HDFC Equity Fund
- Mahindra Badhat Yojana
- JM Multicap Fund
- ICICI Prudential Multicap Fund
Best Mutual Funds to Invest in 2024 via SIP
- HDFC Large and Midcap Fund
- Nippon India Large Cap Fund
- Motilal Oswal Nifty Midcap 150 Index Fund
- HDFC Midcap Opportunity Fund
- Motilal Oswal Nifty Small Cap 250 Index Fund
The HDFC Large and Midcap Fund
This Large & Mid-Cap fund has invested in India's top 250 companies and is one of the best mutual funds to buy in 2024. For moderate risk-takers, this fund is a good option to get good returns on mid-cap stocks over a minimum of 5-7 years.
This Large & Mid-Cap fund has invested in India's top 250 companies and is one of the best mutual funds to buy in 2024. For moderate risk-takers, this fund is a good option to get good returns on mid-cap stocks over a minimum of 5-7 years.
Nippon India Large Cap Fund
It’s for those who want to invest with less risk and can have exposure to this mutual fund throughout 3 to 5 years as this is a large cap category fund investing in top 100 companies as far as the market capitalization is concerned in India.
Motilal Oswal Nifty Midcap 150 Index Fund
The fund invests in India’s top 101 to 250 companies. Therefore, those who want to take a risk by investing in the mid-cap of the mutual fund over a 3-5 year horizon. The fund invests in India's top 150 companies.
HDFC Mid Cap Opportunity Fund
Those who can absorb a few risks should invest in this mutual fund as it comes in the mid-cap category investing in companies ranked 101- 250 in India and has a mid-cap exposure to invest with a time horizon of 3-5 years.
Motilal Oswal Nifty Small Cap 250 Index Fund
This fund can give you high returns over a 3-5 year period for those who are willing to take some risk. The fund offers high returns because it is a small-cap fund and comes with a high level of risk. The Motilal osmo nifty small cap 250 index fund gives you the choice of investing in the long-term as the risks do not necessarily mean high returns in the short-term.
Smart Tips for Investment in Best Mutual Funds
Best Mutual Funds to Invest in a fund that is neither too large nor too small, and whose AUM is roughly the same as that of the category. Funds that are too large or too small can drag down the fund's performance. In any scheme of less AUM, it is difficult to understand the investors and the portion of investments they hold in the fund.
It is important to have a long-term view of the performance of the mutual funds to invest in, as it is always recommended to choose a scheme that has outperformed its peers for 4-6 years, on a regular basis.
Conclusion
Choosing a lower expense ratio can cost you the performance of your investment returns. Always keep your priorities straight and keep in your armory the best Asset Management Company even if it costs you a bit more in management charges, operation costs, etc as compromising on these factors can supersede other important factors such as fund performance, etc.
Comments