+91-22-48913909Best Mutual Fund Returns for 2024
Mutual Fund is an investment avenue that is formed when numerous individuals sharing the same idea come together and invest their money. The Mutual Fund scheme then invests in various financial instruments on behalf of these individuals and earns profit. There are various categories of Mutual Fund schemes that are designed to cater the diverse requirements of the individuals. The broad categories of Mutual fund schemes Equity Funds, Debt fund, and Hybrid Fund. In 2024, the performance of all scheme categories was good. The Mutual Funds were able to earn commensurate returns for their investors. So, let us look at the performance of these schemes for 2024.
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Top Performing Equity Funds based on 2024 Performance
Fund NAV Net Assets (Cr) 2024 (%) 2023 (%) 2022 (%) 2021 (%) 2020 (%) Motilal Oswal Midcap 30 Fund Growth ₹100.96
↑ 0.99 ₹34,780 57.1 41.7 10.7 55.8 9.3 LIC MF Infrastructure Fund Growth ₹50.0328
↑ 0.53 ₹995 47.8 44.4 7.9 46.6 -0.1 Motilal Oswal Long Term Equity Fund Growth ₹52.0885
↑ 0.44 ₹4,223 47.7 37 1.8 32.1 8.8 Motilal Oswal Multicap 35 Fund Growth ₹60.9374
↑ 0.50 ₹13,679 45.7 31 -3 15.3 10.3 Invesco India Mid Cap Fund Growth ₹178.83
↑ 0.27 ₹8,062 43.1 34.1 0.5 43.1 24.4 UTI Healthcare Fund Growth ₹287.168
↓ -0.12 ₹1,119 42.9 38.2 -12.3 19.1 67.4 SBI Healthcare Opportunities Fund Growth ₹423.875
↑ 3.73 ₹3,963 42.2 38.2 -6 20.1 65.8 TATA India Pharma & Healthcare Fund Growth ₹30.1648
↓ -0.07 ₹1,309 40.4 36.6 -8 19.1 64.4 IDBI Small Cap Fund Growth ₹30.7955
↑ 0.33 ₹604 40 33.4 2.4 64.7 19 Bandhan Infrastructure Fund Growth ₹49.852
↑ 0.44 ₹1,613 39.3 50.3 1.7 64.8 6.3 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 3 Oct 25 Research Highlights & Commentary of 10 Funds showcased
Commentary Motilal Oswal Midcap 30 Fund LIC MF Infrastructure Fund Motilal Oswal Long Term Equity Fund Motilal Oswal Multicap 35 Fund Invesco India Mid Cap Fund UTI Healthcare Fund SBI Healthcare Opportunities Fund TATA India Pharma & Healthcare Fund IDBI Small Cap Fund Bandhan Infrastructure Fund Point 1 Highest AUM (₹34,780 Cr). Bottom quartile AUM (₹995 Cr). Upper mid AUM (₹4,223 Cr). Top quartile AUM (₹13,679 Cr). Upper mid AUM (₹8,062 Cr). Bottom quartile AUM (₹1,119 Cr). Upper mid AUM (₹3,963 Cr). Lower mid AUM (₹1,309 Cr). Bottom quartile AUM (₹604 Cr). Lower mid AUM (₹1,613 Cr). Point 2 Established history (11+ yrs). Established history (17+ yrs). Established history (10+ yrs). Established history (11+ yrs). Established history (18+ yrs). Oldest track record among peers (26 yrs). Established history (20+ yrs). Established history (9+ yrs). Established history (8+ yrs). Established history (14+ yrs). Point 3 Rating: 3★ (upper mid). Not Rated. Not Rated. Top rated. Rating: 2★ (upper mid). Rating: 1★ (lower mid). Rating: 2★ (upper mid). Not Rated. Not Rated. Rating: 5★ (top quartile). Point 4 Risk profile: Moderately High. Risk profile: High. Risk profile: Moderately High. Risk profile: Moderately High. Risk profile: Moderately High. Risk profile: High. Risk profile: High. Risk profile: High. Risk profile: Moderately High. Risk profile: High. Point 5 5Y return: 31.96% (upper mid). 5Y return: 32.02% (top quartile). 5Y return: 25.88% (lower mid). 5Y return: 19.07% (lower mid). 5Y return: 27.05% (upper mid). 5Y return: 17.15% (bottom quartile). 5Y return: 18.97% (bottom quartile). 5Y return: 17.18% (bottom quartile). 5Y return: 27.56% (upper mid). 5Y return: 33.36% (top quartile). Point 6 3Y return: 25.73% (upper mid). 3Y return: 28.38% (top quartile). 3Y return: 26.51% (upper mid). 3Y return: 22.33% (bottom quartile). 3Y return: 27.45% (upper mid). 3Y return: 23.72% (lower mid). 3Y return: 24.87% (lower mid). 3Y return: 21.50% (bottom quartile). 3Y return: 18.69% (bottom quartile). 3Y return: 27.71% (top quartile). Point 7 1Y return: -5.67% (bottom quartile). 1Y return: -2.27% (upper mid). 1Y return: -2.88% (lower mid). 1Y return: -2.73% (lower mid). 1Y return: 6.02% (top quartile). 1Y return: -0.50% (upper mid). 1Y return: 0.70% (top quartile). 1Y return: -2.52% (upper mid). 1Y return: -8.32% (bottom quartile). 1Y return: -9.71% (bottom quartile). Point 8 Alpha: 4.99 (upper mid). Alpha: -1.71 (bottom quartile). Alpha: 7.18 (top quartile). Alpha: 9.76 (top quartile). Alpha: 0.00 (lower mid). Alpha: 0.79 (lower mid). Alpha: 2.04 (upper mid). Alpha: 3.78 (upper mid). Alpha: -4.61 (bottom quartile). Alpha: 0.00 (bottom quartile). Point 9 Sharpe: -0.18 (upper mid). Sharpe: -0.46 (bottom quartile). Sharpe: -0.26 (lower mid). Sharpe: -0.06 (upper mid). Sharpe: 0.14 (top quartile). Sharpe: -0.15 (upper mid). Sharpe: -0.05 (top quartile). Sharpe: -0.39 (lower mid). Sharpe: -0.70 (bottom quartile). Sharpe: -0.71 (bottom quartile). Point 10 Information ratio: 0.57 (upper mid). Information ratio: 0.34 (lower mid). Information ratio: 0.80 (top quartile). Information ratio: 0.79 (top quartile). Information ratio: 0.00 (bottom quartile). Information ratio: 0.10 (lower mid). Information ratio: 0.38 (upper mid). Information ratio: 0.78 (upper mid). Information ratio: -0.82 (bottom quartile). Information ratio: 0.00 (bottom quartile). Motilal Oswal Midcap 30 Fund
LIC MF Infrastructure Fund
Motilal Oswal Long Term Equity Fund
Motilal Oswal Multicap 35 Fund
Invesco India Mid Cap Fund
UTI Healthcare Fund
SBI Healthcare Opportunities Fund
TATA India Pharma & Healthcare Fund
IDBI Small Cap Fund
Bandhan Infrastructure Fund
Top Performing Debt Funds based on 2024 Performance
Fund NAV Net Assets (Cr) 2024 (%) 2023 (%) 2022 (%) Debt Yield (YTM) Mod. Duration Eff. Maturity Aditya Birla Sun Life Credit Risk Fund Growth ₹22.9313
↑ 0.02 ₹1,044 11.9 6.9 7.1 7.78% 2Y 1M 6D 3Y 1M 13D Bandhan Government Securities Fund - Investment Plan Growth ₹35.1866
↑ 0.06 ₹2,916 10.6 6.8 1.4 7.16% 9Y 5M 5D 15Y 8M 23D Aditya Birla Sun Life Medium Term Plan Growth ₹40.6855
↑ 0.04 ₹2,876 10.5 6.9 24.8 7.51% 3Y 4M 17D 4Y 6M 22D ICICI Prudential Long Term Bond Fund Growth ₹90.3284
↑ 0.12 ₹1,129 10.1 6.8 1.3 7.43% 9Y 7M 2D 26Y 3M 18D DSP Government Securities Fund Growth ₹96.4054
↑ 0.15 ₹1,494 10.1 7.1 2.7 7.22% 9Y 6M 14D 25Y 8M 1D Bandhan Dynamic Bond Fund Growth ₹33.8567
↑ 0.05 ₹2,727 10 6.4 1 7.08% 8Y 11M 23D 14Y 7M 2D Axis Gilt Fund Growth ₹25.7166
↑ 0.03 ₹613 10 7.1 2.4 7.11% 8Y 7M 28D 20Y 18D Invesco India Gilt Fund Growth ₹2,834.68
↑ 3.62 ₹364 10 6.6 2.3 6.99% 8Y 5M 12D 18Y 8M 19D DSP Strategic Bond Fund Growth ₹3,377.56
↑ 5.13 ₹1,472 9.9 7.9 1.6 6.75% 6Y 9M 4D 16Y 5M 12D Edelweiss Government Securities Fund Growth ₹24.6073
↑ 0.03 ₹166 9.8 6.2 2.5 6.94% 8Y 3M 22D 18Y 9M 14D Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 3 Oct 25 Research Highlights & Commentary of 10 Funds showcased
Commentary Aditya Birla Sun Life Credit Risk Fund Bandhan Government Securities Fund - Investment Plan Aditya Birla Sun Life Medium Term Plan ICICI Prudential Long Term Bond Fund DSP Government Securities Fund Bandhan Dynamic Bond Fund Axis Gilt Fund Invesco India Gilt Fund DSP Strategic Bond Fund Edelweiss Government Securities Fund Point 1 Lower mid AUM (₹1,044 Cr). Highest AUM (₹2,916 Cr). Top quartile AUM (₹2,876 Cr). Lower mid AUM (₹1,129 Cr). Upper mid AUM (₹1,494 Cr). Upper mid AUM (₹2,727 Cr). Bottom quartile AUM (₹613 Cr). Bottom quartile AUM (₹364 Cr). Upper mid AUM (₹1,472 Cr). Bottom quartile AUM (₹166 Cr). Point 2 Established history (10+ yrs). Established history (16+ yrs). Established history (16+ yrs). Oldest track record among peers (27 yrs). Established history (26+ yrs). Established history (16+ yrs). Established history (13+ yrs). Established history (17+ yrs). Established history (18+ yrs). Established history (11+ yrs). Point 3 Not Rated. Rating: 3★ (upper mid). Top rated. Rating: 4★ (top quartile). Rating: 3★ (upper mid). Rating: 3★ (upper mid). Rating: 1★ (bottom quartile). Rating: 3★ (lower mid). Rating: 2★ (lower mid). Rating: 2★ (bottom quartile). Point 4 Risk profile: Moderate. Risk profile: Moderate. Risk profile: Moderate. Risk profile: Moderate. Risk profile: Moderate. Risk profile: Moderate. Risk profile: Moderate. Risk profile: Moderate. Risk profile: Moderate. Risk profile: Moderate. Point 5 1Y return: 16.29% (top quartile). 1Y return: 3.05% (bottom quartile). 1Y return: 12.85% (top quartile). 1Y return: 6.27% (upper mid). 1Y return: 4.78% (upper mid). 1Y return: 2.69% (bottom quartile). 1Y return: 5.60% (upper mid). 1Y return: 3.85% (bottom quartile). 1Y return: 4.30% (lower mid). 1Y return: 4.48% (lower mid). Point 6 1M return: 1.26% (bottom quartile). 1M return: 1.50% (upper mid). 1M return: 1.12% (bottom quartile). 1M return: 1.61% (top quartile). 1M return: 1.68% (top quartile). 1M return: 1.52% (upper mid). 1M return: 1.61% (upper mid). 1M return: 1.18% (bottom quartile). 1M return: 1.30% (lower mid). 1M return: 1.31% (lower mid). Point 7 Sharpe: 2.29 (top quartile). Sharpe: -0.66 (bottom quartile). Sharpe: 2.36 (top quartile). Sharpe: -0.16 (upper mid). Sharpe: -0.36 (upper mid). Sharpe: -0.74 (bottom quartile). Sharpe: -0.27 (upper mid). Sharpe: -0.49 (lower mid). Sharpe: -0.37 (lower mid). Sharpe: -0.52 (bottom quartile). Point 8 Information ratio: 0.00 (top quartile). Information ratio: 0.00 (top quartile). Information ratio: 0.00 (upper mid). Information ratio: 0.00 (upper mid). Information ratio: 0.00 (upper mid). Information ratio: 0.00 (lower mid). Information ratio: 0.00 (lower mid). Information ratio: 0.00 (bottom quartile). Information ratio: 0.00 (bottom quartile). Information ratio: 0.00 (bottom quartile). Point 9 Yield to maturity (debt): 7.78% (top quartile). Yield to maturity (debt): 7.16% (upper mid). Yield to maturity (debt): 7.51% (top quartile). Yield to maturity (debt): 7.43% (upper mid). Yield to maturity (debt): 7.22% (upper mid). Yield to maturity (debt): 7.08% (lower mid). Yield to maturity (debt): 7.11% (lower mid). Yield to maturity (debt): 6.99% (bottom quartile). Yield to maturity (debt): 6.75% (bottom quartile). Yield to maturity (debt): 6.94% (bottom quartile). Point 10 Modified duration: 2.10 yrs (top quartile). Modified duration: 9.43 yrs (bottom quartile). Modified duration: 3.38 yrs (top quartile). Modified duration: 9.59 yrs (bottom quartile). Modified duration: 9.54 yrs (bottom quartile). Modified duration: 8.98 yrs (lower mid). Modified duration: 8.66 yrs (lower mid). Modified duration: 8.45 yrs (upper mid). Modified duration: 6.76 yrs (upper mid). Modified duration: 8.31 yrs (upper mid). Aditya Birla Sun Life Credit Risk Fund
Bandhan Government Securities Fund - Investment Plan
Aditya Birla Sun Life Medium Term Plan
ICICI Prudential Long Term Bond Fund
DSP Government Securities Fund
Bandhan Dynamic Bond Fund
Axis Gilt Fund
Invesco India Gilt Fund
DSP Strategic Bond Fund
Edelweiss Government Securities Fund
Top Performing Hybrid Funds based on 2024 Performance
Fund NAV Net Assets (Cr) 2024 (%) 2023 (%) 2022 (%) 2021 (%) 2020 (%) JM Equity Hybrid Fund Growth ₹120.225
↑ 0.66 ₹804 27 33.8 8.1 22.9 30.5 BOI AXA Mid and Small Cap Equity and Debt Fund Growth ₹38.14
↑ 0.38 ₹1,253 25.8 33.7 -4.8 54.5 31.1 Kotak Equity Hybrid Fund Growth ₹63.225
↑ 0.26 ₹7,853 21.7 20.1 5 28.9 15.4 Bandhan Hybrid Equity Fund Growth ₹26.181
↑ 0.09 ₹1,139 21 20.4 -1.1 30.8 13.9 UTI Multi Asset Fund Growth ₹75.0822
↑ 0.13 ₹5,941 20.7 29.1 4.4 11.8 13.1 Edelweiss Multi Asset Allocation Fund Growth ₹63.75
↑ 0.24 ₹3,045 20.2 25.4 5.3 27.1 12.7 UTI Hybrid Equity Fund Growth ₹401.845
↑ 1.64 ₹6,302 19.7 25.5 5.6 30.5 13.2 BNP Paribas Substantial Equity Hybrid Fund Growth ₹27.689
↑ 0.06 ₹1,223 19.3 21 4.3 22.2 14.9 DSP Equity and Bond Fund Growth ₹356.847
↑ 1.07 ₹11,333 17.7 25.3 -2.7 24.2 17 Franklin India Equity Hybrid Fund Growth ₹269.831
↑ 1.21 ₹2,245 17.7 22.5 4.7 23.8 13.7 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 3 Oct 25 Research Highlights & Commentary of 10 Funds showcased
Commentary JM Equity Hybrid Fund BOI AXA Mid and Small Cap Equity and Debt Fund Kotak Equity Hybrid Fund Bandhan Hybrid Equity Fund UTI Multi Asset Fund Edelweiss Multi Asset Allocation Fund UTI Hybrid Equity Fund BNP Paribas Substantial Equity Hybrid Fund DSP Equity and Bond Fund Franklin India Equity Hybrid Fund Point 1 Bottom quartile AUM (₹804 Cr). Lower mid AUM (₹1,253 Cr). Top quartile AUM (₹7,853 Cr). Bottom quartile AUM (₹1,139 Cr). Upper mid AUM (₹5,941 Cr). Upper mid AUM (₹3,045 Cr). Upper mid AUM (₹6,302 Cr). Bottom quartile AUM (₹1,223 Cr). Highest AUM (₹11,333 Cr). Lower mid AUM (₹2,245 Cr). Point 2 Oldest track record among peers (30 yrs). Established history (9+ yrs). Established history (10+ yrs). Established history (8+ yrs). Established history (16+ yrs). Established history (16+ yrs). Established history (30+ yrs). Established history (8+ yrs). Established history (26+ yrs). Established history (25+ yrs). Point 3 Rating: 1★ (upper mid). Not Rated. Rating: 3★ (top quartile). Not Rated. Rating: 1★ (lower mid). Rating: 1★ (lower mid). Rating: 3★ (upper mid). Not Rated. Top rated. Rating: 3★ (upper mid). Point 4 Risk profile: Moderately High. Risk profile: Moderately High. Risk profile: Moderately High. Risk profile: Moderately High. Risk profile: Moderately High. Risk profile: Moderately High. Risk profile: Moderately High. Risk profile: Moderately High. Risk profile: Moderately High. Risk profile: Moderately High. Point 5 5Y return: 21.16% (top quartile). 5Y return: 22.39% (top quartile). 5Y return: 19.25% (upper mid). 5Y return: 17.66% (lower mid). 5Y return: 15.81% (bottom quartile). 5Y return: 19.75% (upper mid). 5Y return: 19.83% (upper mid). 5Y return: 16.50% (bottom quartile). 5Y return: 17.05% (bottom quartile). 5Y return: 17.90% (lower mid). Point 6 3Y return: 21.36% (top quartile). 3Y return: 19.41% (upper mid). 3Y return: 16.30% (lower mid). 3Y return: 15.86% (bottom quartile). 3Y return: 19.41% (top quartile). 3Y return: 18.12% (upper mid). 3Y return: 17.13% (upper mid). 3Y return: 15.24% (bottom quartile). 3Y return: 16.50% (lower mid). 3Y return: 15.41% (bottom quartile). Point 7 1Y return: -5.63% (bottom quartile). 1Y return: -1.55% (bottom quartile). 1Y return: 1.81% (upper mid). 1Y return: 3.27% (top quartile). 1Y return: 2.18% (top quartile). 1Y return: 1.27% (upper mid). 1Y return: -0.91% (lower mid). 1Y return: -1.49% (bottom quartile). 1Y return: 1.51% (upper mid). 1Y return: 1.20% (lower mid). Point 8 1M return: 0.46% (bottom quartile). 1M return: 0.90% (upper mid). 1M return: 1.60% (top quartile). 1M return: 0.69% (lower mid). 1M return: 0.47% (bottom quartile). 1M return: 0.77% (upper mid). 1M return: 0.92% (upper mid). 1M return: 0.19% (bottom quartile). 1M return: 1.13% (top quartile). 1M return: 0.53% (lower mid). Point 9 Alpha: -8.63 (bottom quartile). Alpha: 0.00 (upper mid). Alpha: 0.00 (upper mid). Alpha: 5.09 (top quartile). Alpha: 0.00 (lower mid). Alpha: 0.96 (upper mid). Alpha: -2.11 (bottom quartile). Alpha: -1.89 (bottom quartile). Alpha: 1.18 (top quartile). Alpha: -0.88 (lower mid). Point 10 Sharpe: -1.21 (bottom quartile). Sharpe: -0.64 (lower mid). Sharpe: -0.46 (top quartile). Sharpe: -0.19 (top quartile). Sharpe: -0.52 (upper mid). Sharpe: -0.50 (upper mid). Sharpe: -0.80 (bottom quartile). Sharpe: -0.75 (bottom quartile). Sharpe: -0.47 (upper mid). Sharpe: -0.67 (lower mid). JM Equity Hybrid Fund
BOI AXA Mid and Small Cap Equity and Debt Fund
Kotak Equity Hybrid Fund
Bandhan Hybrid Equity Fund
UTI Multi Asset Fund
Edelweiss Multi Asset Allocation Fund
UTI Hybrid Equity Fund
BNP Paribas Substantial Equity Hybrid Fund
DSP Equity and Bond Fund
Franklin India Equity Hybrid Fund
How to Select Best Mutual Funds?
The process of selecting best mutual funds are as follows.
Investment Objective: Individuals do any investment to accomplish a particular objective. Therefore, it is important to decide why the investment is being done. Some of the objectives for which individuals invest in Mutual Funds are purchasing a house, purchasing a vehicle, Retirement planning, planning for marriage, and much more.
Tenure, Expected Returns, & Risk-Appetite: Once you determine the investment objective, the next step is to determine the tenure of the investment along with expected returns and risk-appetite. Individuals should decide the tenure till which they need to invest. Along with tenure, individuals should also check for expected returns and risk-appetite. Determining the three parameters will help you decide the type of scheme that you can choose to invest.
Check Details About Mutual Fund Scheme: After deciding the type of scheme to invest, individuals should understand about the scheme. People should check various aspects of the scheme such as the fund age, its AUM or asset size of the scheme, expense ratio, and fund performance. Along with these parameters, individuals should also check the credentials of the fund manager managing the scheme.
Check the Credentials of Fund House: Apart from assessing the details of Mutual Fund scheme, individuals should also check the credentials of the fund house or the Asset Management Company (AMC). It is because, it is the fund house that is responsible for managing the schemes. As a result, the fund house is also responsible for the performance of the scheme.
Review Your Investments Regularly: Just Investing is not enough. Individuals should not take a back seat after investing in Mutual Funds. They should review their investments regularly and in a timely manner so that they can earn maximum returns on their investments.
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.
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