Mutual funds investment through a SIP is a smart way to build wealth gradually and achieve your long-term financial goals. But with so many mutual funds out there, choosing the right ones can be quite challenging.
Here are 10 top-performing mutual funds to invest in India across various categories, based on recent data and expert analysis:
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1. Parag Parikh Flexi Cap Fund:
Parag Parikh Flexi Cap Fund is managed by Mr. Rajeev Thakkar, a veteran with over 25 years of experience in the Indian equity market. It is one of the best mutual funds investments.
It adopts a buy-and-hold approach and invests in high-quality companies with strong fundamentals, competitive advantages, and sustainable growth potential. However, it’s important to consider that it can be highly volatile compared to other large cap funds.
Impressive Track Record:
- Since its inception in 2013, PPFAS Flexi Cap has delivered an annual return of 17.6%, surpassing the benchmark’s 14.3%.
- PPFAS Flexi Cap has outperformed its benchmark (S&P BSE 500 TRI) in 7 out of the past 8 years.
- The fund has a ratio of 1.13, indicating superior returns for the level of risk taken.
2. UTI Flexi Cap Fund:
Managed by Mr. Pankaj Pandey, a veteran with over 20 years of experience navigating the Indian market, UTI Flexi Cap Fund (UTI Flexi Cap) is another top mutual funds investment choice for your 2024 SIP. Established in 1964, it offers flexibility across market caps, with a strong track record in both bull and bear markets.
This is because it invests across large, mid, and small-cap companies, allowing it to capitalize on opportunities across the market spectrum.
Here’s what makes it stand out:
Strong Performance:
- UTI Flexi Cap has delivered an annualized return of 14.86% since its launch in 2013
- It exceeded the category average of 12.61%.
- The fund has outperformed its benchmark (S&P BSE 500 TRI) in 5 out of the past 8 years.
- At 1.64% for the Regular Plan, UTI Flexi Cap’s expense ratio is competitive within its category.
3. Axis Midcap Fund:
Managed by Mr. Dinesh Balani and Mr. Ashish Soti, experienced in the mid-cap space. This mutual funds investment offers dynamic potential for high returns with the potential to outperform the market, aiming for long-term capital appreciation.
MCG mutual funds investment spreads its investments across various sectors, mitigating risk and offering exposure to diverse growth opportunities. Here’s what makes it compelling:
Growth Engine:
- Since its launch in 2011, MCG has delivered an annual return of 18.04%.
- It exceeded its benchmark (S&P BSE 150 MidCap TRI) by almost 4%.
- MCG’s expense ratio is on par with its category average at 1.61% for the Regular Plan (as of Jan 17, 2024).
4. Kotak Emerging Equity Fund:
Mutual funds investment in emerging companies can be risky, but it also holds the potential for substantial rewards. Enter Kotak Emerging Equity Fund (KEF), a fund that actively seeks out these rising stars, making it a potential gem for your 2024 SIP.
Additionally, KEF mutual funds investment focuses on its investments across various sectors, identifying promising mid-cap and small-cap companies at their early stages, before they come into full bloom.
Impressive Track Record:
- Since its launch in 2007, KEF has delivered an impressive annualized return of 14.73%.
- It exceeded its benchmark (NIFTY Midcap 150 TRI) by over 2%.
- At 1.49% for the Regular Plan, KEF’s expense ratio is competitive within its category.
5. Axis Small Cap Fund:
Mutual funds investment in small-cap companies offers explosive growth potential, but navigating this volatile space requires a steady hand. ASC invests primarily in promising small-cap companies, aiming to capitalize on their potential for exponential growth and outperform the market.
Additionally, it employs a bottom-up strategy, meticulously analyzing individual companies with strong fundamentals and growth stories.
High-Octane Growth Engine:
- Since its launch in 2013, ASC has delivered an impressive annualized return of 19.55%.
- It significantly exceeded its benchmark (NIFTY Smallcap 250 TRI) by over 5%.
- ASC’s expense ratio is on par with its category average at 1.65% for the Regular Plan.
6. SBI Small Cap Fund:
SBI Small Cap Fund is headed by Mr. Swaroopjit Dey with over 20 years of experience in the Indian equity market. It is a well-managed mutual funds investment option with a diversified portfolio of small-cap companies, offering potentially high returns.
The fund employs a research-driven, bottom-up strategy, meticulously analyzing individual companies and identifying those with compelling growth stories and strong fundamentals.
Unleashing Growth Potential:
- With a launch in 2009, SCEF boasts an impressive 16.75% annualized return.
- It consistently exceeded its benchmark (S&P BSE 250 SmallCap TRI) by over 3%.
- At 1.62% for the Regular Plan, SCEF’s expense ratio falls within the competitive range for its category.
7. SBI Equity Hybrid Fund:
Seeking a balanced approach in 2024? SBI Equity Hybrid Fund (SEHF) strikes a strategic balance between the growth potential of equities and the stability of debt.
Backed by the experience and reputation of SBI Mutual Fund, SEHF mutual funds investment offers investors a sense of security and stability. SEHF invests in a mix of high-growth equity companies and diversified fixed income instruments
A Duet of Growth and Stability:
- Since its launch in 1995, SEHF has delivered a consistent 15.53% annual return.
- It outperformed its benchmark (CRISIL Hybrid 35+65 Aggressive Index) by a significant margin.
- With an impressive ₹64,202 crore in assets under management, SEHF benefits from economies of scale and access to diverse investment opportunities.
- At 1.42% for the Regular Plan (as of Jan 14, 2024), SEHF’s expense ratio is competitive within its category, minimizing fees and maximizing returns.
8. Mirae Asset Hybrid Equity Fund:
MAHEF invests primarily in a mix of large and mid-cap equity companies with strong fundamentals and growth potential, along with debt instruments. It is one of the best mutual funds investments for people looking for a balanced approach to market fluctuations.
Track Record:
- Since its inception in 2015, MAHEF has delivered a commendable 14.3% annualized return.
- It consistently outperformed its benchmark (S&P BSE Hybrid 65 TRI) by over 2%.
- At 1.09% for the Regular Plan, MAHEF’s expense ratio is among the lowest in its category, maximizing returns for investors.
9. HDFC Monthly Income Plan – MTP
Looking for consistent income from your mutual funds investment through SIP in 2024? HDFC Monthly Income Plan – MTP might be your tune. It focuses on fixed-income instruments like bonds, aiming for stable, regular payouts alongside modest capital appreciation.
MTP primarily invests in debt, offering lower volatility compared to equity funds. It is for income, not high capital appreciation, ideal for retirees or those seeking steady cash flow.
Impressive Track Record: Consistent performance with a 12.4% annualized return.
However, bond prices can fluctuate with interest rate changes, impacting returns.
10.Kotak Corporate Bond Fund:
If you’re seeking a dependable mutual funds investment option for your 2024 SIP that prioritizes steady income over high-octane growth, consider Kotak Corporate Bond Fund. It primarily invests in high-quality corporate bonds, offering low volatility compared to equity funds. You can also expect consistent monthly payouts.
Impressive Track Record: Since its inception in 2013, Kotak Corporate Bond Fund has delivered an annual return of 8.20%, outperforming its benchmark in most years.
A Step Towards Wise Mutual Funds Investment:-
Starting mutual funds investment through SIP as early as possible and staying consistent on a long-term investment journey can help you achieve the desired financial growth. Remember to diversify your portfolio and spread it across various classes and categories.
While choosing top mutual funds for investment, do extensive research. Additionally, consider factors like fund expense ratio, fund manager track record, and investment philosophy before making a decision. Regularly review your SIP portfolio and adjust allocations as needed to match your evolving financial situation.
Disclaimer:
This information is for educational purposes only and should not be considered financial advice. Please consult a qualified financial advisor before making any investment decisions.
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