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Top 3 Mutual Funds in India: Top Performing Mutual Funds in 2024

  


Top 3 Mutual Funds in India

Mutual funds are among the most widely used investing solutions. There are thousands of mutual funds in India where an investor can invest. But choosing the top 3 mutual funds or which is the best mutual fund is not easy. So, if you want to know the top Performing Mutual Funds in 2024, then you have to see your risk profile and the time horizon of your goals. It represents your willingness and capacity to take risks. 

Again, the time horizon of your goals, meaning how long one would expect to keep an investment in an investment for a certain goal also works as an important determinant.

The top 3 mutual funds in India/top Performing Mutual Funds in 2024 to buy are discussed below.

 

1. ICICI Prudential Infrastructure Direct-Growth

Returns Performance- This is, to date, the highest-generating return amongst Sectoral-Infrastructure funds over the last 10 Years.

Chance: This fund had a net annual return of 11.91% for the investor holding times of 5 years and above.

Return/Risk: This fund yields returns that are 20% higher for every unit of risk it takes.

 

Fund House Name

ICICI Prudential Mutual Fund

Launch Date

Jan 01, 2013

Expense Ratio

1.24%  (Sep 30, 2024)

Exit Load

1% if redeemed within 15 days

AUM 

Rs.6,424 Cr

Benchmark 

BSE India Infrastructure TRI

Minimum Investment

Rs.5000.

Risk

Very High

1 Year Returns

55.24%

 

Asset Allocation

Equity

91.77%

Debt

1.23%

Other

7%

 

2. DSP India T.I.G.E.R.

Returns Performance- This fund has achieved the highest return from the Infrastructure Sectoral Funds over the last 10 years.

Chance: This fund has delivered a 10.66% annual performance in 70% of cases for investors holding the same for 5 years or more.

Return/Risk: For instance, it gives 20% more returns for each unit of risk taken by this fund.

 

Fund House 

DSP Mutual Fund

Launch Date

01 Jan 2013

Expense Ratio

0.84% as of Sep 30, 2024

Exit Load

1% if redeemed within 1 year

AUM 

Rs.5646 Cr

Benchmark 

BSE India Infrastructure TRI

Min. Investment

Rs.1000.

Risk

Very High

1 Year Returns

60.29%

 

Asset Allocation

Equity

95.19%

Debt

0%

Other

4.81%

 

3. Invesco India PSU Equity Fund Direct

Returns Performance- This fund has generated the highest return amongst Thematic-PSU funds in the last 10 years.

Return/Risk: For each unit of risk this fund takes, it generates 20% more returns.

Fund House 

Invesco Mutual Fund

Launch Date

01 Jan 2013

Expense Ratio

0.76% as of Sep 30, 2024

Exit Load

1% if redeemed within 1 year

AUM 

Rs.1436 Cr

Benchmark 

BSE PSU TRI

Min. Investment

Rs.1000.

Risk

Very High

1 Year Returns

65.89%

 

Asset Allocation

Equity

99.42%

Debt

0%

Other

0.58%

 

Conclusion

Out of the above-mentioned three funds, ICICI Prudential Infrastructure Direct-Growth, DSP India T.I.G.E.R., and Invesco India PSU Equity Fund Direct came out on top. These funds have given strong returns mainly over the long term. They bear high risk and may be used according to a high-risk tolerance and a longer investment horizon. Assess your risk capacity and goals before you invest. Choose wisely and match your financial objectives. 

Disclaimer 

This blog is NOT any buy or sell recommendation. No investment or trading advice is given. This blog is only for information and education purposes. The data presented in this blog are at the time of writing this content (as of 26 October 2024) and can change with time. Investors should do research, and consult with their financial advisors before financial investments.

 



Frequently Asked Questions

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List of best mutual funds to buy-
 

            Bandhan Infrastructure Fund Direct.
 

            Nippon India Small Cap Fund Direct.

            Invesco India PSU Equity Fund Direct

            ICICI Prudential Infrastructure Direct-Growth

            DSP India T.I.G.E.R.

 

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Quant Small Cap Fund Direct-Growth

           ICICI Prudential Infrastructure Direct-Growth

           DSP India T.I.G.E.R.

          Invesco India PSU Equity Fund Direct

          Canara Robeco Small Cap Fund Direct-Growth

 



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