+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 ₹99.0876
↓ -0.80 ₹38,003 57.1 41.7 10.7 55.8 9.3 LIC MF Infrastructure Fund Growth ₹49.1809
↑ 0.02 ₹1,022 47.8 44.4 7.9 46.6 -0.1 Motilal Oswal Long Term Equity Fund Growth ₹50.9187
↓ -0.03 ₹4,444 47.7 37 1.8 32.1 8.8 Motilal Oswal Multicap 35 Fund Growth ₹60.4848
↓ -0.47 ₹14,312 45.7 31 -3 15.3 10.3 Invesco India Mid Cap Fund Growth ₹183.15
↓ -0.81 ₹10,006 43.1 34.1 0.5 43.1 24.4 UTI Healthcare Fund Growth ₹284.097
↓ -1.24 ₹1,126 42.9 38.2 -12.3 19.1 67.4 SBI Healthcare Opportunities Fund Growth ₹422.724
↓ -1.73 ₹4,131 42.2 38.2 -6 20.1 65.8 TATA India Pharma & Healthcare Fund Growth ₹30.2615
↓ -0.04 ₹1,339 40.4 36.6 -8 19.1 64.4 IDBI Small Cap Fund Growth ₹29.3698
↓ 0.00 ₹619 40 33.4 2.4 64.7 19 Bandhan Infrastructure Fund Growth ₹48.226
↓ -0.06 ₹1,566 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 26 Dec 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 (₹38,003 Cr). Bottom quartile AUM (₹1,022 Cr). Upper mid AUM (₹4,444 Cr). Top quartile AUM (₹14,312 Cr). Upper mid AUM (₹10,006 Cr). Bottom quartile AUM (₹1,126 Cr). Upper mid AUM (₹4,131 Cr). Lower mid AUM (₹1,339 Cr). Bottom quartile AUM (₹619 Cr). Lower mid AUM (₹1,566 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 (21+ yrs). Established history (10+ 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: 28.04% (top quartile). 5Y return: 26.95% (upper mid). 5Y return: 20.55% (lower mid). 5Y return: 15.53% (bottom quartile). 5Y return: 24.30% (upper mid). 5Y return: 14.78% (bottom quartile). 5Y return: 16.57% (lower mid). 5Y return: 15.01% (bottom quartile). 5Y return: 22.68% (upper mid). 5Y return: 27.22% (top quartile). Point 6 3Y return: 25.91% (upper mid). 3Y return: 27.62% (top quartile). 3Y return: 23.14% (lower mid). 3Y return: 22.12% (bottom quartile). 3Y return: 27.46% (top quartile). 3Y return: 24.10% (upper mid). 3Y return: 23.99% (lower mid). 3Y return: 22.06% (bottom quartile). 3Y return: 17.79% (bottom quartile). 3Y return: 25.50% (upper mid). Point 7 1Y return: -10.87% (bottom quartile). 1Y return: -4.59% (lower mid). 1Y return: -8.77% (bottom quartile). 1Y return: -4.46% (upper mid). 1Y return: 5.76% (top quartile). 1Y return: -1.31% (upper mid). 1Y return: -1.08% (top quartile). 1Y return: -2.20% (upper mid). 1Y return: -13.46% (bottom quartile). 1Y return: -6.48% (lower mid). Point 8 Alpha: -11.47 (bottom quartile). Alpha: -13.09 (bottom quartile). Alpha: -7.87 (bottom quartile). Alpha: -5.55 (lower mid). Alpha: 0.00 (top quartile). Alpha: -2.38 (upper mid). Alpha: -0.61 (upper mid). Alpha: -2.75 (upper mid). Alpha: -7.32 (lower mid). Alpha: 0.00 (top quartile). Point 9 Sharpe: -0.40 (bottom quartile). Sharpe: -0.18 (upper mid). Sharpe: -0.21 (upper mid). Sharpe: -0.21 (lower mid). Sharpe: 0.37 (top quartile). Sharpe: -0.22 (lower mid). Sharpe: -0.12 (top quartile). Sharpe: -0.19 (upper mid). Sharpe: -0.64 (bottom quartile). Sharpe: -0.40 (bottom quartile). Point 10 Information ratio: 0.21 (upper mid). Information ratio: 0.31 (upper mid). Information ratio: 0.66 (top quartile). Information ratio: 0.66 (top quartile). Information ratio: 0.00 (lower mid). Information ratio: -0.11 (bottom quartile). Information ratio: -0.03 (bottom quartile). Information ratio: 0.06 (upper mid). Information ratio: -0.66 (bottom quartile). Information ratio: 0.00 (lower mid). 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 ₹23.2632
↑ 0.01 ₹1,096 11.9 6.9 7.1 7.62% 2Y 3M 18D 3Y 29D Bandhan Government Securities Fund - Investment Plan Growth ₹35.3902
↓ -0.02 ₹2,275 10.6 6.8 1.4 6.09% 2Y 10M 20D 3Y 8M 1D Aditya Birla Sun Life Medium Term Plan Growth ₹41.2047
↑ 0.01 ₹2,886 10.5 6.9 24.8 7.48% 3Y 8M 16D 4Y 11M 5D ICICI Prudential Long Term Bond Fund Growth ₹90.3217
↓ -0.08 ₹1,055 10.1 6.8 1.3 7.41% 9Y 9M 11D 26Y 6M 11D DSP Government Securities Fund Growth ₹96.1663
↓ -0.10 ₹1,345 10.1 7.1 2.7 7.36% 11Y 1M 20D 30Y 10M 20D Bandhan Dynamic Bond Fund Growth ₹34.0299
↓ -0.01 ₹2,544 10 6.4 1 6.09% 2Y 1M 17D 2Y 7M 10D Axis Gilt Fund Growth ₹25.794
↓ -0.02 ₹599 10 7.1 2.4 6.99% 8Y 8M 5D 21Y 3M 4D Invesco India Gilt Fund Growth ₹2,842.76
↓ -3.66 ₹308 10 6.6 2.3 7.08% 9Y 7M 10D 22Y 7M 28D DSP Strategic Bond Fund Growth ₹3,381.44
↓ -3.21 ₹1,368 9.9 7.9 1.6 6.94% 8Y 7M 10D 18Y 6M 25D Edelweiss Government Securities Fund Growth ₹24.5638
↓ -0.04 ₹155 9.8 6.2 2.5 6.91% 8Y 4M 24D 18Y 7M 6D Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 26 Dec 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 (₹1,096 Cr). Upper mid AUM (₹2,275 Cr). Highest AUM (₹2,886 Cr). Lower mid AUM (₹1,055 Cr). Upper mid AUM (₹1,345 Cr). Top quartile AUM (₹2,544 Cr). Bottom quartile AUM (₹599 Cr). Bottom quartile AUM (₹308 Cr). Upper mid AUM (₹1,368 Cr). Bottom quartile AUM (₹155 Cr). Point 2 Established history (10+ yrs). Established history (17+ yrs). Established history (16+ yrs). Oldest track record among peers (27 yrs). Established history (26+ yrs). Established history (17+ 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: 13.53% (top quartile). 1Y return: 4.18% (bottom quartile). 1Y return: 11.10% (top quartile). 1Y return: 5.13% (upper mid). 1Y return: 4.46% (upper mid). 1Y return: 3.84% (bottom quartile). 1Y return: 5.41% (upper mid). 1Y return: 4.31% (lower mid). 1Y return: 4.32% (lower mid). 1Y return: 4.00% (bottom quartile). Point 6 1M return: 0.08% (top quartile). 1M return: -0.07% (lower mid). 1M return: 0.05% (upper mid). 1M return: -0.08% (bottom quartile). 1M return: 0.11% (top quartile). 1M return: -0.06% (lower mid). 1M return: -0.07% (bottom quartile). 1M return: -0.03% (upper mid). 1M return: -0.21% (bottom quartile). 1M return: -0.06% (upper mid). Point 7 Sharpe: 2.11 (top quartile). Sharpe: -0.34 (upper mid). Sharpe: 2.17 (top quartile). Sharpe: -0.21 (upper mid). Sharpe: -0.40 (lower mid). Sharpe: -0.41 (bottom quartile). Sharpe: -0.19 (upper mid). Sharpe: -0.45 (bottom quartile). Sharpe: -0.38 (lower mid). Sharpe: -0.54 (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): 7.62% (top quartile). Yield to maturity (debt): 6.09% (bottom quartile). Yield to maturity (debt): 7.48% (top quartile). Yield to maturity (debt): 7.41% (upper mid). Yield to maturity (debt): 7.36% (upper mid). Yield to maturity (debt): 6.09% (bottom quartile). Yield to maturity (debt): 6.99% (lower mid). Yield to maturity (debt): 7.08% (upper mid). Yield to maturity (debt): 6.94% (lower mid). Yield to maturity (debt): 6.91% (bottom quartile). Point 10 Modified duration: 2.30 yrs (top quartile). Modified duration: 2.89 yrs (upper mid). Modified duration: 3.71 yrs (upper mid). Modified duration: 9.78 yrs (bottom quartile). Modified duration: 11.14 yrs (bottom quartile). Modified duration: 2.13 yrs (top quartile). Modified duration: 8.68 yrs (lower mid). Modified duration: 9.61 yrs (bottom quartile). Modified duration: 8.61 yrs (lower mid). Modified duration: 8.40 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 ₹120.006
↓ -0.47 ₹811 27 33.8 8.1 22.9 30.5 BOI AXA Mid and Small Cap Equity and Debt Fund Growth ₹38.15
↑ 0.07 ₹1,321 25.8 33.7 -4.8 54.5 31.1 Kotak Equity Hybrid Fund Growth ₹63.451
↓ -0.30 ₹8,462 21.7 20.1 5 28.9 15.4 Bandhan Hybrid Equity Fund Growth ₹26.903
↓ -0.08 ₹1,486 21 20.4 -1.1 30.8 13.9 UTI Multi Asset Fund Growth ₹79.5156
↓ -0.12 ₹6,551 20.7 29.1 4.4 11.8 13.1 Edelweiss Multi Asset Allocation Fund Growth ₹64.75
↓ -0.23 ₹3,413 20.2 25.4 5.3 27.1 12.7 UTI Hybrid Equity Fund Growth ₹418.63
↓ -1.54 ₹6,718 19.7 25.5 5.6 30.5 13.2 BNP Paribas Substantial Equity Hybrid Fund Growth ₹28.3955
↓ -0.06 ₹1,276 19.3 21 4.3 22.2 14.9 DSP Equity and Bond Fund Growth ₹363.529
↓ -0.66 ₹12,105 17.7 25.3 -2.7 24.2 17 Franklin India Equity Hybrid Fund Growth ₹274.004
↓ -0.70 ₹2,355 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 26 Dec 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 (₹811 Cr). Bottom quartile AUM (₹1,321 Cr). Top quartile AUM (₹8,462 Cr). Lower mid AUM (₹1,486 Cr). Upper mid AUM (₹6,551 Cr). Upper mid AUM (₹3,413 Cr). Upper mid AUM (₹6,718 Cr). Bottom quartile AUM (₹1,276 Cr). Highest AUM (₹12,105 Cr). Lower mid AUM (₹2,355 Cr). Point 2 Established history (30+ yrs). Established history (9+ yrs). Established history (11+ yrs). Established history (8+ yrs). Established history (17+ yrs). Established history (16+ yrs). Oldest track record among peers (31 yrs). Established history (8+ yrs). Established history (26+ yrs). Established history (26+ 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: 17.38% (top quartile). 5Y return: 19.72% (top quartile). 5Y return: 15.80% (upper mid). 5Y return: 15.37% (lower mid). 5Y return: 15.29% (lower mid). 5Y return: 16.60% (upper mid). 5Y return: 17.35% (upper mid). 5Y return: 14.08% (bottom quartile). 5Y return: 13.96% (bottom quartile). 5Y return: 14.37% (bottom quartile). Point 6 3Y return: 18.38% (upper mid). 3Y return: 18.89% (top quartile). 3Y return: 15.17% (bottom quartile). 3Y return: 16.16% (lower mid). 3Y return: 20.51% (top quartile). 3Y return: 16.99% (upper mid). 3Y return: 17.07% (upper mid). 3Y return: 14.46% (bottom quartile). 3Y return: 16.45% (lower mid). 3Y return: 14.41% (bottom quartile). Point 7 1Y return: -3.03% (bottom quartile). 1Y return: -2.00% (bottom quartile). 1Y return: 3.90% (lower mid). 1Y return: 7.30% (top quartile). 1Y return: 11.30% (top quartile). 1Y return: 5.52% (upper mid). 1Y return: 6.06% (upper mid). 1Y return: 3.40% (bottom quartile). 1Y return: 6.64% (upper mid). 1Y return: 3.48% (lower mid). Point 8 1M return: -2.10% (bottom quartile). 1M return: -0.26% (upper mid). 1M return: -0.61% (lower mid). 1M return: -0.69% (lower mid). 1M return: 0.68% (top quartile). 1M return: -0.84% (bottom quartile). 1M return: 0.15% (top quartile). 1M return: -0.46% (upper mid). 1M return: -0.21% (upper mid). 1M return: -1.20% (bottom quartile). Point 9 Alpha: -9.12 (bottom quartile). Alpha: 0.00 (top quartile). Alpha: 0.00 (upper mid). Alpha: 1.21 (top quartile). Alpha: 0.00 (upper mid). Alpha: -0.39 (upper mid). Alpha: -1.95 (bottom quartile). Alpha: -4.02 (bottom quartile). Alpha: -1.73 (lower mid). Alpha: -1.54 (lower mid). Point 10 Sharpe: -0.55 (bottom quartile). Sharpe: -0.30 (bottom quartile). Sharpe: -0.10 (lower mid). Sharpe: 0.26 (top quartile). Sharpe: 0.48 (top quartile). Sharpe: 0.15 (upper mid). Sharpe: 0.00 (upper mid). Sharpe: -0.18 (bottom quartile). Sharpe: 0.00 (upper mid). Sharpe: -0.07 (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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