+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.
Talk to our investment specialist
Top Performing Equity Funds based on 2024 Performance
Fund NAV Net Assets (Cr) 2024 (%) 2023 (%) 2022 (%) 2021 (%) 2020 (%) LIC MF Infrastructure Fund Growth ₹50.5105
↑ 0.44 ₹1,038 47.8 44.4 7.9 46.6 -0.1 Motilal Oswal Long Term Equity Fund Growth ₹53.0246 ₹4,402 47.7 37 1.8 32.1 8.8 Invesco India Mid Cap Fund Growth ₹183.24
↑ 1.29 ₹7,802 43.1 34.1 0.5 43.1 24.4 UTI Healthcare Fund Growth ₹296.233
↑ 0.87 ₹1,146 42.9 38.2 -12.3 19.1 67.4 IDBI Small Cap Fund Growth ₹31.3818 ₹618 40 33.4 2.4 64.7 19 Edelweiss Mid Cap Fund Growth ₹102.286 ₹11,027 38.9 38.4 2.4 50.3 26.4 Nippon India Pharma Fund Growth ₹518.124
↑ 1.14 ₹8,737 34 39.2 -9.9 23.9 66.4 Kotak Emerging Equity Scheme Growth ₹138.915
↑ 1.40 ₹57,375 33.6 31.5 5.1 47.3 21.9 JM Multicap Fund Growth ₹99.7414
↑ 0.92 ₹5,957 33.3 40 7.8 32.9 11.4 Invesco India Infrastructure Fund Growth ₹64.94
↑ 0.46 ₹1,569 33.2 51.1 2.3 55.4 16.2 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 16 Sep 25 Research Highlights & Commentary of 10 Funds showcased
Commentary LIC MF Infrastructure Fund Motilal Oswal Long Term Equity Fund Invesco India Mid Cap Fund UTI Healthcare Fund IDBI Small Cap Fund Edelweiss Mid Cap Fund Nippon India Pharma Fund Kotak Emerging Equity Scheme JM Multicap Fund Invesco India Infrastructure Fund Point 1 Bottom quartile AUM (₹1,038 Cr). Lower mid AUM (₹4,402 Cr). Upper mid AUM (₹7,802 Cr). Bottom quartile AUM (₹1,146 Cr). Bottom quartile AUM (₹618 Cr). Top quartile AUM (₹11,027 Cr). Upper mid AUM (₹8,737 Cr). Highest AUM (₹57,375 Cr). Upper mid AUM (₹5,957 Cr). Lower mid AUM (₹1,569 Cr). Point 2 Established history (17+ yrs). Established history (10+ yrs). Established history (18+ yrs). Oldest track record among peers (26 yrs). Established history (8+ yrs). Established history (17+ yrs). Established history (21+ yrs). Established history (18+ yrs). Established history (16+ yrs). Established history (17+ yrs). Point 3 Not Rated. Not Rated. Rating: 2★ (upper mid). Rating: 1★ (lower mid). Not Rated. Rating: 3★ (upper mid). Rating: 2★ (lower mid). Top rated. Rating: 4★ (top quartile). Rating: 3★ (upper mid). Point 4 Risk profile: High. Risk profile: Moderately High. Risk profile: Moderately High. Risk profile: High. Risk profile: Moderately High. Risk profile: High. Risk profile: High. Risk profile: Moderately High. Risk profile: Moderately High. Risk profile: High. Point 5 5Y return: 31.58% (top quartile). 5Y return: 25.84% (lower mid). 5Y return: 27.45% (upper mid). 5Y return: 18.28% (bottom quartile). 5Y return: 27.18% (upper mid). 5Y return: 28.45% (upper mid). 5Y return: 18.42% (bottom quartile). 5Y return: 26.94% (lower mid). 5Y return: 25.70% (bottom quartile). 5Y return: 29.33% (top quartile). Point 6 3Y return: 28.10% (top quartile). 3Y return: 25.45% (upper mid). 3Y return: 27.48% (top quartile). 3Y return: 26.63% (upper mid). 3Y return: 17.96% (bottom quartile). 3Y return: 23.91% (lower mid). 3Y return: 23.89% (lower mid). 3Y return: 21.52% (bottom quartile). 3Y return: 22.71% (bottom quartile). 3Y return: 25.28% (upper mid). Point 7 1Y return: -2.16% (lower mid). 1Y return: -3.24% (lower mid). 1Y return: 7.60% (top quartile). 1Y return: 2.59% (top quartile). 1Y return: -7.70% (bottom quartile). 1Y return: 1.14% (upper mid). 1Y return: -1.42% (upper mid). 1Y return: 2.17% (upper mid). 1Y return: -7.71% (bottom quartile). 1Y return: -5.04% (bottom quartile). Point 8 Alpha: 1.35 (upper mid). Alpha: 11.36 (top quartile). Alpha: 0.00 (lower mid). Alpha: 0.67 (upper mid). Alpha: -3.30 (bottom quartile). Alpha: 5.32 (top quartile). Alpha: -3.24 (bottom quartile). Alpha: 4.96 (upper mid). Alpha: -9.56 (bottom quartile). Alpha: 0.00 (lower mid). Point 9 Sharpe: -0.30 (lower mid). Sharpe: 0.04 (upper mid). Sharpe: 0.32 (top quartile). Sharpe: 0.43 (top quartile). Sharpe: -0.45 (bottom quartile). Sharpe: -0.06 (upper mid). Sharpe: 0.18 (upper mid). Sharpe: -0.09 (lower mid). Sharpe: -1.04 (bottom quartile). Sharpe: -0.38 (bottom quartile). Point 10 Information ratio: 0.40 (upper mid). Information ratio: 0.92 (top quartile). Information ratio: 0.00 (upper mid). Information ratio: -0.06 (lower mid). Information ratio: -0.66 (bottom quartile). Information ratio: 0.20 (upper mid). Information ratio: -0.51 (bottom quartile). Information ratio: -0.29 (bottom quartile). Information ratio: 0.94 (top quartile). Information ratio: 0.00 (lower mid). LIC MF Infrastructure Fund
Motilal Oswal Long Term Equity Fund
Invesco India Mid Cap Fund
UTI Healthcare Fund
IDBI Small Cap Fund
Edelweiss Mid Cap Fund
Nippon India Pharma Fund
Kotak Emerging Equity Scheme
JM Multicap Fund
Invesco India 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 Bandhan Government Securities Fund - Investment Plan Growth ₹34.9975
↑ 0.02 ₹3,324 10.6 6.8 1.4 6.97% 10Y 7M 2D 21Y 5M 19D Aditya Birla Sun Life Medium Term Plan Growth ₹40.414
↑ 0.01 ₹2,744 10.5 6.9 24.8 7.44% 3Y 6M 18D 4Y 9M 4D DSP Government Securities Fund Growth ₹95.6235
↑ 0.11 ₹1,894 10.1 7.1 2.7 6.79% 9Y 3M 4D 23Y 5M 19D Axis Gilt Fund Growth ₹25.5291
↑ 0.02 ₹619 10 7.1 2.4 6.78% 8Y 7M 24D 22Y 8M 1D Invesco India Gilt Fund Growth ₹2,819.44
↑ 1.04 ₹537 10 6.6 2.3 6.83% 9Y 6M 4D 23Y 11D DSP Strategic Bond Fund Growth ₹3,352.71
↑ 1.06 ₹1,531 9.9 7.9 1.6 6.64% 8Y 18D 18Y 6M 22D Edelweiss Government Securities Fund Growth ₹24.4735 ₹172 9.8 6.2 2.5 6.86% 10Y 22D 24Y 10M 2D IIFL Dynamic Bond Fund Growth ₹22.9128
↑ 0.03 ₹669 9.6 6.8 3.6 7.03% 7Y 15D ICICI Prudential Constant Maturity Gilt Fund Growth ₹24.8752
↓ 0.00 ₹2,368 9.3 7.7 1.2 6.57% 6Y 10M 2D 9Y 6M 14D SBI Magnum Constant Maturity Fund Growth ₹64.1057
↓ -0.03 ₹1,884 9.1 7.5 1.3 6.61% 6Y 9M 14D 9Y 6M 25D Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 16 Sep 25 Research Highlights & Commentary of 10 Funds showcased
Commentary Bandhan Government Securities Fund - Investment Plan Aditya Birla Sun Life Medium Term Plan DSP Government Securities Fund Axis Gilt Fund Invesco India Gilt Fund DSP Strategic Bond Fund Edelweiss Government Securities Fund IIFL Dynamic Bond Fund ICICI Prudential Constant Maturity Gilt Fund SBI Magnum Constant Maturity Fund Point 1 Highest AUM (₹3,324 Cr). Top quartile AUM (₹2,744 Cr). Upper mid AUM (₹1,894 Cr). Bottom quartile AUM (₹619 Cr). Bottom quartile AUM (₹537 Cr). Lower mid AUM (₹1,531 Cr). Bottom quartile AUM (₹172 Cr). Lower mid AUM (₹669 Cr). Upper mid AUM (₹2,368 Cr). Upper mid AUM (₹1,884 Cr). Point 2 Established history (16+ yrs). Established history (16+ yrs). Oldest track record among peers (25 yrs). Established history (13+ yrs). Established history (17+ yrs). Established history (18+ yrs). Established history (11+ yrs). Established history (12+ yrs). Established history (11+ yrs). Established history (24+ yrs). Point 3 Rating: 3★ (upper mid). Top rated. Rating: 3★ (upper mid). Rating: 1★ (bottom quartile). Rating: 3★ (upper mid). Rating: 2★ (lower mid). Rating: 2★ (bottom quartile). Not Rated. Rating: 3★ (lower mid). Rating: 4★ (top 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: Moderately Low. Point 5 1Y return: 3.03% (bottom quartile). 1Y return: 12.51% (top quartile). 1Y return: 4.61% (lower mid). 1Y return: 5.33% (upper mid). 1Y return: 3.76% (bottom quartile). 1Y return: 4.21% (bottom quartile). 1Y return: 4.25% (lower mid). 1Y return: 8.41% (top quartile). 1Y return: 7.79% (upper mid). 1Y return: 7.09% (upper mid). Point 6 1M return: 0.25% (upper mid). 1M return: 0.37% (top quartile). 1M return: -0.01% (bottom quartile). 1M return: 0.09% (lower mid). 1M return: -0.07% (bottom quartile). 1M return: -0.06% (bottom quartile). 1M return: 0.18% (upper mid). 1M return: 0.33% (top quartile). 1M return: 0.07% (lower mid). 1M return: 0.30% (upper mid). Point 7 Sharpe: -0.04 (bottom quartile). Sharpe: 2.94 (top quartile). Sharpe: 0.25 (lower mid). Sharpe: 0.41 (upper mid). Sharpe: 0.10 (bottom quartile). Sharpe: 0.20 (lower mid). Sharpe: 0.07 (bottom quartile). Sharpe: 1.72 (top quartile). Sharpe: 1.26 (upper mid). Sharpe: 0.97 (upper mid). 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): 6.97% (upper mid). Yield to maturity (debt): 7.44% (top quartile). Yield to maturity (debt): 6.79% (lower mid). Yield to maturity (debt): 6.78% (lower mid). Yield to maturity (debt): 6.83% (upper mid). Yield to maturity (debt): 6.64% (bottom quartile). Yield to maturity (debt): 6.86% (upper mid). Yield to maturity (debt): 7.03% (top quartile). Yield to maturity (debt): 6.57% (bottom quartile). Yield to maturity (debt): 6.61% (bottom quartile). Point 10 Modified duration: 10.59 yrs (bottom quartile). Modified duration: 3.55 yrs (top quartile). Modified duration: 9.26 yrs (lower mid). Modified duration: 8.65 yrs (lower mid). Modified duration: 9.51 yrs (bottom quartile). Modified duration: 8.05 yrs (upper mid). Modified duration: 10.06 yrs (bottom quartile). Modified duration: 0.00 yrs (top quartile). Modified duration: 6.84 yrs (upper mid). Modified duration: 6.79 yrs (upper mid). Bandhan Government Securities Fund - Investment Plan
Aditya Birla Sun Life Medium Term Plan
DSP Government Securities Fund
Axis Gilt Fund
Invesco India Gilt Fund
DSP Strategic Bond Fund
Edelweiss Government Securities Fund
IIFL Dynamic Bond Fund
ICICI Prudential Constant Maturity Gilt Fund
SBI Magnum Constant Maturity Fund
Top Performing Hybrid Funds based on 2024 Performance
Fund NAV Net Assets (Cr) 2024 (%) 2023 (%) 2022 (%) 2021 (%) 2020 (%) BOI AXA Mid and Small Cap Equity and Debt Fund Growth ₹38.29 ₹1,258 25.8 33.7 -4.8 54.5 31.1 Kotak Equity Hybrid Fund Growth ₹63.529
↑ 0.40 ₹7,864 21.7 20.1 5 28.9 15.4 UTI Multi Asset Fund Growth ₹76.091
↑ 0.44 ₹5,902 20.7 29.1 4.4 11.8 13.1 DSP Equity and Bond Fund Growth ₹361.129
↑ 1.74 ₹11,436 17.7 25.3 -2.7 24.2 17 ICICI Prudential Equity and Debt Fund Growth ₹402.25
↑ 2.40 ₹44,605 17.2 28.2 11.7 41.7 9 LIC MF Equity Hybrid Fund Growth ₹198.912
↑ 0.96 ₹529 17 19.3 -2.2 15.5 9.6 Nippon India Equity Hybrid Fund Growth ₹106.324
↑ 0.59 ₹3,936 16.1 24.1 6.6 27.8 -5.3 Invesco India Dynamic Equity Fund Growth ₹54.28
↑ 0.24 ₹1,034 15.9 20.1 4.1 13.1 7.8 Axis Triple Advantage Fund Growth ₹41.6684
↑ 0.31 ₹1,500 15.4 12.9 -5.8 22.8 18 Edelweiss Equity Savings Fund Growth ₹25.6204 ₹750 13.4 12.9 3.2 11.7 13 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 16 Sep 25 Research Highlights & Commentary of 10 Funds showcased
Commentary BOI AXA Mid and Small Cap Equity and Debt Fund Kotak Equity Hybrid Fund UTI Multi Asset Fund DSP Equity and Bond Fund ICICI Prudential Equity and Debt Fund LIC MF Equity Hybrid Fund Nippon India Equity Hybrid Fund Invesco India Dynamic Equity Fund Axis Triple Advantage Fund Edelweiss Equity Savings Fund Point 1 Lower mid AUM (₹1,258 Cr). Upper mid AUM (₹7,864 Cr). Upper mid AUM (₹5,902 Cr). Top quartile AUM (₹11,436 Cr). Highest AUM (₹44,605 Cr). Bottom quartile AUM (₹529 Cr). Upper mid AUM (₹3,936 Cr). Bottom quartile AUM (₹1,034 Cr). Lower mid AUM (₹1,500 Cr). Bottom quartile AUM (₹750 Cr). Point 2 Established history (9+ yrs). Established history (10+ yrs). Established history (16+ yrs). Oldest track record among peers (26 yrs). Established history (25+ yrs). Established history (26+ yrs). Established history (20+ yrs). Established history (17+ yrs). Established history (15+ yrs). Established history (10+ yrs). Point 3 Not Rated. Rating: 3★ (upper mid). Rating: 1★ (bottom quartile). Top rated. Rating: 4★ (top quartile). Rating: 2★ (upper mid). Rating: 4★ (upper mid). Rating: 2★ (lower mid). Rating: 2★ (lower mid). Not Rated. 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: 22.38% (top quartile). 5Y return: 19.05% (upper mid). 5Y return: 15.84% (lower mid). 5Y return: 17.00% (upper mid). 5Y return: 25.21% (top quartile). 5Y return: 13.65% (lower mid). 5Y return: 18.94% (upper mid). 5Y return: 12.88% (bottom quartile). 5Y return: 13.56% (bottom quartile). 5Y return: 10.77% (bottom quartile). Point 6 3Y return: 18.64% (upper mid). 3Y return: 15.41% (lower mid). 3Y return: 19.48% (top quartile). 3Y return: 15.89% (upper mid). 3Y return: 19.88% (top quartile). 3Y return: 13.54% (lower mid). 3Y return: 15.96% (upper mid). 3Y return: 13.07% (bottom quartile). 3Y return: 12.33% (bottom quartile). 3Y return: 11.25% (bottom quartile). Point 7 1Y return: -3.09% (bottom quartile). 1Y return: 1.92% (lower mid). 1Y return: 3.41% (upper mid). 1Y return: 2.83% (upper mid). 1Y return: 5.12% (upper mid). 1Y return: 0.51% (bottom quartile). 1Y return: 1.56% (bottom quartile). 1Y return: 1.84% (lower mid). 1Y return: 5.77% (top quartile). 1Y return: 6.82% (top quartile). Point 8 1M return: 1.90% (upper mid). 1M return: 1.54% (bottom quartile). 1M return: 3.36% (top quartile). 1M return: 1.56% (lower mid). 1M return: 2.39% (upper mid). 1M return: 1.70% (lower mid). 1M return: 1.86% (upper mid). 1M return: 1.03% (bottom quartile). 1M return: 3.74% (top quartile). 1M return: 1.22% (bottom quartile). Point 9 Alpha: 0.00 (upper mid). Alpha: 0.00 (lower mid). Alpha: 0.00 (lower mid). Alpha: 2.89 (top quartile). Alpha: 2.01 (top quartile). Alpha: 1.15 (upper mid). Alpha: 0.72 (upper mid). Alpha: 0.00 (bottom quartile). Alpha: 0.00 (bottom quartile). Alpha: 0.00 (bottom quartile). Point 10 Sharpe: -0.38 (bottom quartile). Sharpe: -0.28 (upper mid). Sharpe: -0.27 (upper mid). Sharpe: -0.08 (top quartile). Sharpe: -0.18 (upper mid). Sharpe: -0.29 (lower mid). Sharpe: -0.31 (bottom quartile). Sharpe: -0.33 (bottom quartile). Sharpe: -0.28 (lower mid). Sharpe: 0.18 (top quartile). BOI AXA Mid and Small Cap Equity and Debt Fund
Kotak Equity Hybrid Fund
UTI Multi Asset Fund
DSP Equity and Bond Fund
ICICI Prudential Equity and Debt Fund
LIC MF Equity Hybrid Fund
Nippon India Equity Hybrid Fund
Invesco India Dynamic Equity Fund
Axis Triple Advantage Fund
Edelweiss Equity Savings 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.
You Might Also Like
AMFI Registration No. 112358 | CIN: U74999MH2016PTC282153
Shepard Technologies Pvt. Ltd. (with ARN code 112358) makes no warranties or representations, express or implied, on products offered through the platform. It accepts no liability for any damages or losses, however caused, in connection with the use of, or on the reliance of its product or related services. Terms and conditions of the website are applicable.
©2025 Shepard Technologies Private Limited. All Rights Reserved