Top 5 Mutual Funds in 2024: A Easy Guide For You.

If you are searching for “Top 5 Mutual Funds in 2024” Then This Is the Right Place  Just read the Complete Post it will become very easy for you to understand the Concept of Mutual Funds and These are the top 5 Mutual Funds In India.

There is also another confusion among the People about which Funds Are best for Investment.

So in this Post, We Have discussed about Top 5 mutual funds in India. and which are the best places to invest money in 2024.

Top 5 Mutual Funds in 2024 

Many new and inexperienced People always look for mutual funds to invest their money. They ask their Friends, elder ones, or some MF forums. those are the top or best Mutual Funds Where they invest their money in a safe, Secure, And in which they got a wealth amount in return.

So here are the “Top 5 Mutual Funds in 2024” If you want to know About These Mutual Funds Then Read The Post Carefully.

Nippon India Large Cap Fund:

This Mutual Fund Is Good For People Who are beginning their Investing Journey In Mutual Funds. They Want To invest with a low Risk with a three to five-year investing term with a very good rate in a large cap Category and participate in the Indian top Market Forums.

Returns:   If you know about the return it gives  a good return over the investment and different period

 34.2% in one year,  24.71% in 3 years,  18.42% in 5 years,  and 16.56% since the launch.

the category return during the same amount period is 27.76% in 1 year,  16.7% in 3 years, and 15.72% in 5 years

Current NAV:  The current net asset value as of 3 Feb 2024.  the growth option of the Nippon  Indian large-cap fund regular plan shows a current net asset value of  rupees 81.78 

Fund Size:  The fund size of the Nippon Indian large-cap fund direct plan currently holds an asset of rupees 20217.64 Crore As of 3 Feb 2024

Percentage of Returns:  As of 3 Feb  2023, The fund return of its investment of the regular plan is 0.81%

Exit Load: Nippon Indian large-cap fund direct plan attracts an exit load of 1 % within 7 days.

Minimum Investment:  If you invest in Nippon large cap you just need a minimum amount of rupees 100 to spend, And an additional rupees 100 should be contributed.  and for SIP the amount is also Rs 100 or the monthly investment should be a minimum of Rupees 1000.

HDFC Mid Cap Opportunity Fund: 

The HDFC Large And Mid-Cap Fund is a top contender, investing in 250 of India’s leading businesses. This fund is ideal for those willing to take on a moderate level of risk, offering attractive returns from mid-cap companies over five to seven years.

NAV (Net Asset Value): As of February 3, 2024, the Growth Option of the HDFC Large And Mid-Cap Fund – Regular Plan has a NAV of ₹155.590

Returns: Impressive trailing returns over various periods – 32.72% (1 year), 28.4% (3 years), 20.37% (5 years), and 12.83% (since inception). In comparison, category returns during the same periods are 17.62% (5 years), 22.44% (3 years), and 25.69% (1 year).

Fund Size: As of 3 Feb 2024, the HDFC Large And Mid-Cap Fund – Regular Plan boasts assets under management estimated at ₹ 56,033 crores.

Rate of Return: The fund’s return on its investments for the Regular Plan is 1.76% as of the last day of November 2023.

Exit Load: Keep in mind there’s an exit load of 1% if redeemed within one year for the HDFC Large And Mid-Cap Fund Superior Plan.

Minimum Investment: Start with a minimum investment of just Rs. 100, with subsequent investments in multiples of Rs. 100. The monthly investment minimum is Rs. 100.

Motilal Oswal Nifty Midcap 150 Index Fund:

The Motilal Oswal Nifty Midcap 150 Index Fund for your investment Might Be a Very Good Choice For Beginners Investing it has been a very Trustworthy Platform for many Years And makes their Inverters Happy. it comes with some level of risk due to its mid-cap exposure over an initial 3 to 5 years.

NAV (Net Asset Value): As of Feb 3, 2024, the current NAV for the Growth Option of the Direct Plan is ₹40.3468.

Returns: The trailing returns for this fund are impressive – 29.54% (since inception), 29.88% (3 years), and 24.3% (1 year). Compare this to category returns during the same periods: 34.64% (1 year), 27.15% (3 years), and 20.81% (5 years).

Fund Size: As of Feb 3, 2024, the Motilal Oswal Nifty Midcap 150 Index Fund – Direct Plan has assets under management estimated at ₹7,410 crores.

Rate of Return: The return on investments for the Direct Plan is 0.3% as of the last day of November 2023.

Exit Load: No exit load is associated with this fund.

Minimum Investment: Start with a minimum investment of ₹500, with additional investments in multiples of ₹500. The monthly investment minimum is ₹500.

Motilal Oswal Nifty Small Cap 250 Index Fund: 

The Motilal Oswal Nifty Small Cap 250 Index Fund .it might be a good fit for you especially if you’re open to taking on some risk for potentially excellent returns over three to five years.

NAV (Net Asset Value): As of Feb 3, 2024, the current NAV for the Growth Option of the Direct Plan is ₹32.42.
Returns: This fund has shown impressive trailing returns – 47.33% (1 year), 34.03% (3 years), and 29.88% (since inception). Compare this to category returns during the same periods: 24.12% (5 years), 34.43% (3 years), and 43.3% (1 year).
Fund Size: As of Feb 3, 202, the Motilal Oswal Nifty Small Cap 250 Index Fund – Direct Plan has assets under management estimated at ₹603.71 crores.
Expense Ratio: The expense ratio for the Direct Plan is 0.36% as of Feb 3, 2024.
Minimum Investment: Start with a minimum investment of ₹500, with additional contributions in multiples of ₹500. The monthly investment minimum is ₹500.
Exit Load: No exit load is associated with this fund.

HDFC Mid Cap Opportunity Fund:

If you are Looking for a great mid-cap mutual fund The HDFC Mid-Cap Opportunities Fund is an excellent choice for investors ready to take on some risk and have a three-to-five-year period.

NAV (Net Asset Value): As of Feb 3, 2024, the current NAV for the Growth Option of the Regular Plan is Rs 154.8740

Returns: Impressive trailing returns – 40.36% (1 year), 31.57% (3 years), 22.88% (5 years), and 17.73% (since inception). In comparison, category returns during the same periods are 34.64% (1 year), 27.15% (3 years), and 20.81% (5 years).

Expense Ratio: As of Feb 3, 2024, the fund’s Regular Plan has an expense ratio of 1.47%.

Fund Size: As of Feb 3, 2024, the HDFC Mid-Cap Opportunities Fund boasts assets under management estimated at ₹56,033.7 crores.

Exit Load: Keep in mind there’s an exit load of 1% if redeemed within one year for the HDFC Mid-Cap Opportunities Fund.

Minimum Investment: Start with a minimum investment of just Rs. 100, with subsequent investments in multiples of Rs. 100. The monthly investment minimum is Rs. 100.

Top 5 mutual funds in 2024 nse

So if you Want To see the result of the top 5 mutual funds in 2024 on the National Stock Exchange we have listed the best Mutual Funds for you. According to our Team’s Personal Experience Here is the Data Below:

READ ALSO: Tata Steel Posts Q3 Profit Lower costs offset weak revenue.

ICICI Prudential Nifty 50 Index Fund:

• Type: Equity, Large Cap Index
• AUM: ₹6,587 Crs
• Min. Invest: ₹105
• Current Value: ₹9.42 Lakh
• Return (p.a): +18.09%
• Expense Ratio: 0.17%
• Age: 11+ yrs

READ ALSO: Adani Power Q3 Result 2024 Date, Market Shifts & Status.

Top 5 mutual funds in 2024 in India

If you are looking for the best mutual funds for your investments so here are the “ Top 5 Mutual funds in 2024 in India” you must try if you are Noob or a Pro You Must Have to Try.

1. Bandhan Nifty 50 Index Fund:

• Recommended for SIP investments with a 10% return in one year.
• Allows investors to start with just ₹100.
• An attractive option for both small and large investors.

2. Kotak Multi Cap Fund:

• Annual return of 31.20% in one year, making it an excellent SIP option.
• Minimum SIP of ₹100, providing accessibility for all investors.
• Diversified portfolio with investments in different sectors.

3. Tata Large and Mid Cap Fund

• Offers a high return of over 16% in one year.
• SIP can be started with ₹150, suitable for various investors.
• Provides a safe portfolio with exposure to large and mid-cap segments.

4. DSP MIDCAP A150 Quality 50 Index Fund:

• Experts recommend this fund with a return of 22.23% in one year.
• Small investors can start SIP from ₹100.
• Ideal for those interested in mid-cap funds.

5. ICC Small Cap Fund:

• Impressive return of 32.77% in one year.
• Minimum SIP of ₹100, making it accessible for small investors.
• An attractive option for investors seeking returns in the small-cap segment.

6. Mutual Fund Trends in October:

• Around Rs 20 crores were invested in equity funds in October.
• Small-cap funds attracted Rs 4495 crores, indicating significant interest.
• Cement funds saw an inflow of Rs 3500 crore, making October an exciting period for mutual fund investments.

How to Choose The Right Mutual Funds For My Investment in 2024

1. Set Your Financial Goals:
   • Consider your family’s aspirations and your financial objectives.
   • For long-term goals like building a retirement corpus, opt for the best equity mutual funds.
2. Know Your Investment Horizon:
   • If you plan to invest for more than 5 years, go for low-risk options with steady growth.
   • Short-term investments (up to 5 years) may benefit from high-risk, best-performing mutual funds.
3. Assess Your Risk-Taking Appetite:
   • Understand how much risk you’re comfortable with.
   • Factor in market volatility and potential growth before making decisions.
4. Check Fund Performance:
   • Look for mutual funds that consistently outperform market benchmarks.
   • Analyze their performance over 3 to 5 years, considering various market cycles.
5. Examine Expense Ratio:
   • Be aware of the percentage of your returns deducted as management fees.
   • Ensure that the best-performing mutual funds don’t have high expense ratios impacting your returns.
6. Consider Fund Manager’s Experience:
   • The fund manager plays a crucial role in your investments.
   • Check their track record and their management of other successful mutual fund schemes.
7. Understand Taxes and Cess:
   • Consider applicable taxes, cess, and surcharges.
   • Some mutual funds offer tax benefits, so understand the tax implications before investing.
8. Research SIP Plans:
   • Explore the best SIP plans available in the market.
   • Get a better understanding of different investment options before making your decision.

Top 5 mutual funds in 2024 in India Zerodha

If you are looking for the “top 5 mutual funds in 2024” in Zerodha then this is going to be very good for you and you can see that it is being told with complete research and trust. Mutual Fund Investment and Subject to Market Risk Read All the Scheme Related Documents Carefully.

1. Zerodha Nifty Large Midcap 250 Index Fund Direct: Growth: With an NAV of 11.4131 and a 1-year return of 0.00%, this fund has a top-notch rating of 5 stars. It manages assets worth 173.68 crores, charging an expense ratio of 0.25%. The fund mainly focuses on equity.
2. Zerodha Nifty 1D Rate Liquid ETF – Growth: Designed for liquidity, this fund has an NAV of 100.3288 and a 1-year return of 0.00%. It’s rated 5 Star and doesn’t have any assets under management (AUM) or expense ratio mentioned, as it is a Liquid ETF.
3. Zerodha ELSS Tax Saver Nifty Large Midcap 250 Index Fund Direct-Growth: Tailored for tax savings, this fund boasts a NAV of 11.4125 and a 1-year return of 0.00%, earning an It 5 Star manages 32.15 crores in assets with an expense ratio of 0.25%. Like the first fund, it primarily focuses on equity.

Top 5 mutual funds in 2024 in India list

So here is the list of the “Top 5 Mutual Funds in 2024 in India list” 

Top 5 mutual funds in 2024 in India for long term

If you are searching for ” top 5 mutual funds in 2024 for the long term” So From the above research I have mentioned the 5 best mutual funds Which you may use to invest in long-term spam.

1. SBI Equity Hybrid Fund Direct Plan-Growth:

• Established in 1987, it offers a balanced approach to wealth creation.
• Reflects a legacy of prudent investment practices.
• Provides a mix of growth potential and stability.
• Suitable for those looking to benefit from both equity and debt investments.

1. Canara Robeco Equity Tax Saver Fund:

• A comprehensive solution for long-term wealth appreciation with tax efficiency.
• Stresses stability and commitment to investor wealth.
• Strategic and tax-savvy path for beginners in mutual funds.
• Offers dual advantages of equity growth and tax benefits.

1. Baroda BNP Paribas Aggressive Hybrid Fund:

• A dynamic and well-managed option in hybrid mutual fund plans.
• Reflects BNP Paribas Mutual Fund’s commitment to balance and reward.
• Ideal for income generation, capital appreciation, and diversification.
• Poised to adapt to evolving financial markets.

1. Mirae Asset Tax Saver Fund:

• Aim for long-term capital appreciation since its inception in 2019.
• Contemporary approach to financial markets.
• Strategic tax-saving investments with potential equity growth.
• A harmonious blend of financial growth and tax efficiency.

1. Motilal Oswal ELSS Tax Saver Fund Direct-Growth:

• The core objective is long-term capital appreciation.
• Diversified portfolio with equity and equity-related instruments.
• Capitalizes on the growth potential of carefully chosen assets.
• Equity Linked Savings Scheme offers tax benefits under Section 80C.
• An attractive option for beginners with a horizon beyond the typical three-year lock-in period.

FAQ:

Conclusion:

The article outlines the top 5 mutual funds in India for 2024, providing details on returns, NAV, and key features. It advises investors on selecting funds based on financial goals, risk tolerance, and other factors. Overall, it offers a concise guide for making informed investment decisions in the dynamic mutual fund landscape.