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While Investing, investors always look for the top ranked Mutual Funds to create a balanced Portfolio and earn better returns. Selecting and adding top performing funds in the portfolio is an essential process of investing in Mutual Funds. It is also a strategic way to accomplish a specific investment objective. To make the process of investing easy & simple for investors, we have shortlisted the top ranked Mutual Funds for investors with different risk appetite. Be it risk-averse investors, low-risk takers, moderate risk takers to high-risk takers, investors can invest according to their ability to tolerate risk in the investment.
However, investors can also choose funds independently, that’s by doing a self-analysis. Here are the top parameters that investors need to consider while looking for the Best Performing Mutual Funds.
Investors can determine the Top Mutual Funds to invest by themselves. Do to so, you need to consider various parameters, which determines the potential of the schemes. All the top ranking Mutual Fund schemes in India hold these traits, which therefore makes them the must-have schemes in the portfolio-
Investors should evaluate the fund's performances for over a period of time. It is advised to go for a scheme that consistently beats its benchmark for over 4-5 years. Moreover, one should see each period, if the fund is able to beat its benchmark.
A fund manager overall plays an important role in the fund’s performance. Therefore, you should know who is the fund manager of the scheme that you wish to invest and his past track record. Investors should analyse the performance the fund that is managed by the fund manager. Top ranked Mutual Fund would mostly have the fund manager who have been consistent over his career.
Schemes that are top performers may have a low or a high expense ratio, but the schemes are worth investing. The expense ratio is the charges like management fees, operating costs, etc., charged by the Asset Management Company (AMC). Many times, investors go for a fund that has a lower expense ratio, but it is something which should not surpass other important factors such as fund performance, etc.
While choosing a top performing scheme, it is suggested to go for the one whose AUM (Asset Under Management) is approximately same as the category.
Investors looking for a hassle-free investment, here's the best Mutual Funds to invest in 2024. These funds have been shortlisted as per the category ranking.
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Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 2023 (%) Debt Yield (YTM) Mod. Duration Eff. Maturity Sub Cat. Aditya Birla Sun Life Savings Fund Growth ₹497.701
↓ 0.00 ₹12,705 1.9 3.5 7.4 5.6 7.2 8% 5M 12D 6M 4D Ultrashort Bond Axis Liquid Fund Growth ₹2,660.58
↑ 0.44 ₹33,841 1.8 3.6 7.2 5.4 7.1 7.45% 1M 6D 1M 6D Liquid Fund ICICI Prudential Ultra Short Term Fund Growth ₹25.2694
↑ 0.00 ₹13,883 1.9 3.5 7.2 5.5 6.9 7.97% 4M 13D 4M 24D Ultrashort Bond Aditya Birla Sun Life Liquid Fund Growth ₹385.139
↑ 0.06 ₹43,962 1.8 3.5 7.2 5.4 7.1 7.48% 1M 10D 1M 10D Liquid Fund UTI Liquid Cash Plan Growth ₹3,921.65
↑ 0.72 ₹26,477 1.8 3.6 7.2 5.4 7 7.37% 1M 5D 1M 5D Liquid Fund Invesco India Liquid Fund Growth ₹3,285.2
↑ 0.55 ₹10,827 1.8 3.6 7.2 5.4 7 7.39% 1M 15D 1M 15D Liquid Fund Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 27 Mar 24
Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 2023 (%) Debt Yield (YTM) Mod. Duration Eff. Maturity Sub Cat. HDFC Corporate Bond Fund Growth ₹29.281
↑ 0.01 ₹28,269 2.1 3.6 8 5.6 7.2 7.76% 2Y 10M 17D 5Y 22D Corporate Bond ICICI Prudential Corporate Bond Fund Growth ₹26.9033
↑ 0.02 ₹26,051 1.9 3.5 8 5.9 7.6 8.02% 1Y 11M 23D 3Y 11M 12D Corporate Bond Aditya Birla Sun Life Corporate Bond Fund Growth ₹101.531
↑ 0.06 ₹21,535 2.1 3.7 7.8 5.8 7.3 7.81% 3Y 3M 29D 5Y 4M 13D Corporate Bond ICICI Prudential Short Term Fund Growth ₹54.3523
↑ 0.04 ₹18,987 1.9 3.6 7.8 5.9 7.4 8.02% 2Y 7M 2D 4Y 9M 4D Short term Bond HDFC Short Term Debt Fund Growth ₹28.8416
↑ 0.01 ₹14,612 2.1 3.7 7.7 5.5 7.1 7.8% 2Y 9M 4D 3Y 11M 23D Short term Bond Kotak Corporate Bond Fund Standard Growth ₹3,393.04
↑ 1.63 ₹11,565 2 3.6 7.5 5.4 6.9 7.81% 3Y 11D 5Y 29D Corporate Bond Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 27 Mar 24
Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2023 (%) Sub Cat. Aditya Birla Sun Life Medium Term Plan Growth ₹34.2855
↑ 0.03 ₹1,887 2 3.4 7.3 12.5 8.6 6.9 Medium term Bond ICICI Prudential Gilt Fund Growth ₹92.6065
↑ 0.16 ₹4,879 2.2 3.8 8.8 6 7.8 8.3 Government Bond Axis Strategic Bond Fund Growth ₹25.1253
↑ 0.02 ₹1,977 2.3 3.9 7.8 6 6.7 7.3 Medium term Bond ICICI Prudential Medium Term Bond Fund Growth ₹40.3068
↑ 0.03 ₹6,408 2 3.6 7.5 5.9 7.3 7 Medium term Bond SBI Magnum Gilt Fund Growth ₹59.7795
↑ 0.11 ₹7,951 2.7 4.4 8.6 5.9 8 7.6 Government Bond DSP BlackRock Government Securities Fund Growth ₹86.6814
↑ 0.14 ₹713 3.6 4.9 9.1 5.7 7.9 7.1 Government Bond Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 27 Mar 24
Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2023 (%) Sub Cat. Nippon India Small Cap Fund Growth ₹140.791
↑ 1.26 ₹46,044 2.2 14.9 58.5 34.5 28.7 48.9 Small Cap Motilal Oswal Midcap 30 Fund Growth ₹79.0072
↑ 0.97 ₹8,481 10.1 25.9 63.5 35.3 26 41.7 Mid Cap Kotak Small Cap Fund Growth ₹215.948
↑ 0.40 ₹14,196 -0.9 9 39.7 22.6 25 34.8 Small Cap ICICI Prudential Smallcap Fund Growth ₹74.43
↑ 0.30 ₹7,415 0.6 10.6 44.1 27.3 24.9 37.9 Small Cap PGIM India Midcap Opportunities Fund Growth ₹53.64
↑ 0.31 ₹9,977 2 9.9 31.2 20.4 24.2 20.8 Mid Cap SBI Small Cap Fund Growth ₹147.809
↑ 0.70 ₹25,525 4.4 9.6 38.6 23.7 23.8 25.3 Small Cap Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 27 Mar 24
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