Best Performing Mutual Funds: Top 3 Mutual Funds

An investor can choose from thousands of mutual funds available in India. It is difficult to choose the best performing mutual funds of 2024 or the top 3 mutual funds, though. Therefore, you should consider your risk tolerance and the duration of your objectives when searching for the finest mutual fund. Your goals and capacity to take risks make up your risk profile. Another crucial element is the time horizon of your objectives, or the amount of time you want to keep an investment for a certain goal. 

If you’re looking at which mutual fund is best then keep reading.

High Return Mutual Funds (Best Return Mutual Fund)

In this section, we will cover high return mutual funds schemes or best return mutual funds of 2024 that have given the highest return in their category. 

1. Mirae Asset NYSE FANG+ETF Fund of Fund

International Index mutual fund scheme from Mirae Asset Mutual Fund i.e. Mirae Asset NYSE FANG+ ETF FoF Direct-Growth is an ETF Fund with an AUM of Rs.1,694 as of 30 September 2024, making it a medium-sized fund in this category.

This fund has been among the top performing mutual funds in India. The latest Net Asset Value (NAV) of Mirae Asset NYSE FANG+ ETF FoF Direct-Growth is Rs.28.18 as of 23/12/2024. The Expense ratio for the fund is 0.07%, which is less than what other International Index funds charge. Returns of the fund over the last 1 year are 82.17%. Since its inception, this fund offered an average annual return of 33.09%. The return on the invested capital doubles every 2 years.

The fund invests most of its assets in Unclassified sectors and has reduced exposure to those sectors compared to other funds within the same category.

Objective: The plan invests primarily in Mirae Asset NYSE FANG+ ETF units in an effort to generate long-term financial appreciation.

Return Outperformance: Over the past three years, this fund has produced the highest return among international index funds.

Expense Ratio: Among actively and passively managed international index funds, this product has the second-lowest expense ratio.

Return/Risk: Compared to its category, the fund is underperforming.

Exit Load: If redeemed within three months, there will be an exit load of 0.5%.

 

 

Asset Allocation

 

Top 3 Stock Holdings

Stock holdings bifurcation is not available for this fund.

2. LIC MF Infrastructure Fund

A mutual fund scheme under the LIC Mutual Fund, LIC MF Infrastructure Fund Direct-Growth refers to a Sectoral-Infrastructure type of mutual fund. As of 30 September 2024, LIC MF Infrastructure Fund Direct-Growth held Rs.852 Cr worth AUM and is classified as a medium-sized fund of its category. As of December 23, 2024, the latest NAV of LIC MF Infrastructure Fund Direct-Growth is Rs.57.96. The fund has an expense ratio of 1.06%, which is almost in line with what most other Sectoral-infrastructure funds charge.

This fund can be considered among the best mutual funds to invest in 2024.

Objective: The plan's objective is to invest in equity and equity-related securities of businesses that are either directly or indirectly involved in the infrastructure industry.

Return Outperformance: Over the past ten years, this product has produced the highest return among sectoral infrastructure funds.

Return/Risk: This fund generates 20% higher returns for each unit of risk it assumes.

Exit Load: Units that exceed 12% of the investment will have an exit load of 1%, which must be redeemed within 90 days.

 

Asset Allocation

 

Top 3 Stock Holdings

 

3. Motilal Oswal Midcap Fund

One of Motilal Oswal Mutual Fund's mid-cap mutual fund schemes is Motilal Oswal Midcap Fund Direct-Growth. This fund was established on March 02, 2014, and has been in operation for 10 years and 10 million. As of September 30, 2024, Motilal Oswal Midcap Fund Direct-Growth is a medium-sized fund in its category with assets under management (AUM) of Rs.22,898 Cr. 

As of December 23, 2024, Motilal Oswal Midcap Fund Direct-Growth latest NAV is Rs.125.84. The fund's expense ratio of 0.54% is comparable to that of the majority of other mid-cap funds.

This fund is the top return mutual fund in its category. This is available in SIP plans also. With its performance and returns it is among the best sip plans for 3 years.

Objective: By investing in reputable mid-cap companies with sustained competitive advantages and development prospects, the program aims to achieve long-term capital appreciation.

Return Consistency: In its area, this fund is among the best at producing steady returns.

Return Outperformance: Over the past ten years, this product has produced the highest return among mid-cap funds.

Protection Against Volatility: This fund performs worse than others in its category in terms of protection against volatility.

Return/Risk: Compared to its category, the fund is underperforming.

Exit Load: If redeemed within a year, the exit load is 1%

 

Asset Allocation

 

Top 3 Stock Holdings

 

Conclusion

We have picked some best mutual funds to invest in 2024 (India) or top performing mutual funds in India in 2024.

 For high returns, Mirae Asset NYSE FANG+ ETF FoF is ideal for international exposure with an excellent track record. LIC MF Infrastructure Fund stands out in the infrastructure sector with strong growth potential. Motilal Oswal Midcap Fund is a great option for mid-cap investors seeking long-term wealth creation. 

Always consider factors like expense ratio, risk level, and exit load before investing. Diversifying your portfolio across funds can help balance risk and reward. Consult a financial advisor if needed to align your investments with your goals.

Disclaimer: Not a buy or sell recommendation/advice. No investment advice is given. Past returns are not a guarantee of future returns. This content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions.