Mutual fund investors look for those schemes that offer high return on their investments. ETMutualFunds did some data crunching and found that five equity mutual funds have offered over 40% return on lumpsum investments in 2024 so far. In other words, if an investor invested Rs 1 lakh on January 1, 2024, the investment would have offered over 40% return till date. There were 263 equity mutual funds in the said period.
The top two schemes in the list were from Motilal Oswal Mutual Fund. Motilal Oswal Midcap Fund and Motilal Oswal ELSS Tax Saver Fund offered 47.62% and 43.43% returns respectively on the lumpsum investments. If an investor invested Rs 1 lakh in these two schemes, the current value would have been 1.47 lakh and Rs 1.43 lakh respectively now.
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Bandhan Small Cap Fund gave 43.39% return on the lumpsum investment in the said period. Invesco India Focused Fund delivered 42.81% return on lumpsum investments. An investment of Rs 1 lakh in this focused fund would have been Rs 1.42 lakh now.
Motilal Oswal Large & Midcap Fund gave 41.27% return in this year so far. A lumpsum investment in the scheme would have been Rs 1.41 lakh now.
The other equity schemes gave returns ranging between 4.98% to 39.92% in 2024 so far. Two small caps – Tata Small Cap Fund and LIC MF Small Cap Fund – gave 35.47% and 35.42% returns respectively on lumpsum investments.
Kotak Emerging Equity Fund, the second largest mid cap fund based on assets managed, offered 33.11% return on lumpsum investments. A lumpsum investment of Rs 1 lakh made in this fund would have been Rs 1.33 lakh now.
SBI Long Term Equity Fund, the oldest ELSS fund, offered 31.96% return on the investors’ lumpsum investments. SBI Small Cap Fund delivered 28.62% return on the lumpsum investment made. A lumpsum investment of Rs 1 lakh in the scheme made on January 1, 2024 would have been Rs 1.28 lakh now.
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Nippon India Small Cap Fund, the largest small cap fund based on assets managed, delivered 28.61% return in this year so far. Two multi cap funds – Kotak Multicap Fund and WOC Multi Cap Fund – offered 27.49% and 27.36% returns respectively in 2024 so far.
The largest mid cap fund based on assets managed, HDFC Mid-Cap Opportunities Fund, gave 26.83% return on the lumpsum investments. An investment of Rs 1 lakh in this mid cap fund would have been Rs 1.26 lakh now.
Parag Parikh Flexi Cap Fund, the largest flexi cap fund based on the assets managed, delivered 23.29% return on lumpsum investments. The value of Rs 1 lakh invested via lumpsum mode in this scheme would have been Rs 1.23 lakh.
Two schemes from Samco Mutual Fund offered single digit returns in the mentioned time period. Samco ELSS Tax Saver Fund and Samco Flexi Cap Fund offered 9.10% and 4.98% returns respectively in 2024 so far.
We considered all equity mutual funds. We considered regular and growth options. We calculated the performance from January 1, 2024 to October 21, 2024.
Note, the above exercise is not a recommendation. One should not make investment or redemption decisions based on the above exercise. One should always consider risk appetite, investment horizon, and goal before making any investment decisions.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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