Retail investors have been a major contributor to the growth of mutual funds over the last decade. This is due to increased financial literacy, better access and investment opportunities, as well as a growing middle class.
Inflows into Systematic Investment Plans have seen a dramatic increase, with the number of investors increasing by almost 10 million over the first eleven months of this year.
The investment in these active equity schemes has increased by more than two times the amount invested in 2023.
ETMutualFunds of Economic Times has analyzed and evaluated the performance of the 10 top equity mutual funds of 2024.
Data revealed some interesting findings, including the fact that four of the top funds are Motilal Oswal Mutual Fund.
Motilal Oswal Middlecap Fund: Leader of the Pack
Motilal Oswal Midcap Fund was the best-performing mutual equity fund of 2024. It delivered an incredible 57.47%.
This fund’s performance has been positive over the past three years. It returned 55.83% between 2021 and 2023, followed by 10.71% from 2022 to 2023.
Motilal Oswal Mutual Funds are also in the top 10
Motilal Oswal ELSS tax saver fund: The fund has continued its positive return streak over the last three years, securing a 46.65% return in 2024.
Motilal-Oswal Flexible Cap Fund: This scheme posted a return of 46.23 % in 2024. It also had positive returns for 2021, 2023 and even 2022 but suffered a small loss of 3 %.
Motilal Oswal’s Large and Midcap Fund has a return of 45.18% in 2024. This fund avoided negative returns in the past three years. It delivered 40.82%, 1.66 %, in 2022; 38.05%, in 2023.
The Economic Times
Invesco Mutual Fund: Top performers
Invesco India Midcap Fund : Consistently positive returns for the past three years, delivering 43.22% by 2024.
Invesco India Focused Fund : The fund had a return of 43,21% in 2024. It also recorded positive returns in both 2021 and 2030.
It saw a decrease of 8,61% by 2022.
There are also other notable funds in the list
Bandhan Small Cap Fund : This fund has returned 42.31 % in 2024. It had exceptional performance in both 2021 and in 2023, (over 50 %) but suffered a loss of 6.13% in 2022.
HSBC Midcap Fund : HSBC Midcap Fund offered a return of 39.33% in 2024. This maintained a performance trend that has been positive for the past three years.
Edelweiss mid cap fund: Achieved consistent positive returns in the last three years, with a return of 38.78%.
LIC MF Small Cap Fund : Achieved positive returns for three consecutive years, achieving 38.59% by 2024.
Motilal Small Cap Fund
Analysis excluded the Motilal Oswal Small Cap Fund launched in December of 2023.
The fund has delivered a return of 45,77% in 2024.
The post Top 10 Indian Equity Mutual Funds of 2024: How they performed over the last 3 years could be updated as new information becomes available
This site is for entertainment only. Click here to read more
