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

Top 3 Mutual Funds in India
1. ICICI Prudential Infrastructure Direct-Growth
2. DSP India T.I.G.E.R.
3. Invesco India PSU Equity Fund Direct
Conclusion

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.