Here is an article I wrote on “Top 5 Mutual Funds to invest in India for 2024”.
findesh/November 05, 2023
Mutual funds are one of the best ways to invest in the Indian stock market and achieve your financial goals. Mutual funds are pooled investments that are managed by professional fund managers who invest in a diversified portfolio of stocks, bonds, and other securities. Mutual funds offer several benefits, such as diversification, liquidity, tax efficiency, and professional management.
However, not all mutual funds are created equal. Some mutual funds may perform better than others, depending on various factors, such as the fund’s objective, strategy, risk profile, expense ratio, and past performance. Therefore, it is important to choose the right mutual fund that suits your risk appetite, time horizon, and return expectations.
To help you with your investment decision, we have selected the top 5 mutual funds to invest in India for 2024, based on their historical performance, future prospects, and ratings from various sources. These mutual funds are:
- Axis Bluechip Fund: This is a large-cap equity fund that invests in the top 100 companies in India by market capitalization. The fund aims to generate long-term capital appreciation by following a growth-oriented and high-quality investment approach. The fund has delivered a stellar performance in the past, with a 5-year annualized return of 20.6%, beating its benchmark (Nifty 50 TRI) and category average. The fund has a low expense ratio of 1.54% and a high rating of 5 stars from Value Research.
- Mirae Asset Emerging Bluechip Fund: This is a large and mid-cap equity fund that invests in a mix of large and mid-sized companies that have the potential to become future leaders in their respective sectors. The fund aims to generate long-term capital appreciation by following a bottom-up and value-oriented investment approach. The fund has delivered a consistent performance in the past, with a 5-year annualized return of 23.9%, beating its benchmark (Nifty Large Midcap 250 TRI) and category average. The fund has a moderate expense ratio of 1.77% and a high rating of 5 stars from Value Research.
- Parag Parikh Flexi Cap Fund: This is a multi-cap equity fund that invests in a diversified portfolio of Indian and foreign stocks across market capitalizations and sectors. The fund aims to generate long-term capital appreciation by following a contrarian and value-oriented investment approach. The fund has delivered a remarkable performance in the past, with a 5-year annualized return of 24.4%, beating its benchmark (Nifty 500 TRI) and category average. The fund has a low expense ratio of 1.27% and a high rating of 5 stars from Value Research.
- DSP Midcap Fund: This is a mid-cap equity fund that invests in a portfolio of mid-sized companies that have strong growth potential and competitive advantages. The fund aims to generate long-term capital appreciation by following a growth-oriented and quality-focused investment approach. The fund has delivered a robust performance in the past, with a 5-year annualized return of 19.8%, beating its benchmark (Nifty Midcap 100 TRI) and category average. The fund has a moderate expense ratio of 1.88% and a high rating of 5 stars from Value Research.
- SBI Small Cap Fund: This is a small-cap equity fund that invests in a portfolio of small-sized companies that have high growth prospects and are undervalued by the market. The fund aims to generate long-term capital appreciation by following a bottom-up and opportunistic investment approach. The fund has delivered an impressive performance in the past, with a 5-year annualized return of 25.9%, beating its benchmark (S&P BSE Small Cap TRI) and category average. The fund has a high expense ratio of 2.28% and a high rating of 5 stars from Value Research.
These are the top 5 mutual funds to invest in India for 2024, based on our analysis and research. However, you should always do your own due diligence and consult your financial advisor before investing in any mutual fund. Remember, mutual fund investments are subject to market risks, and past performance is not indicative of future results. Happy investing! 😊
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