Most equity mutual fund investors always look for the best or top mutual funds before choosing any scheme for investment. ETMutualFunds did some data crunching and found out the top 10 mutual funds in 2024. There were around 472 equity mutual funds in the mentioned period.

Around seven equity mutual funds gave more than 50% return in 2024. Further analysis showed that the top 10 performers in the list were from sectoral/thematic, mid-cap, ELSS, flexi cap, small-cap, and large & mid-cap fund categories.

The top two schemes in the list were from Mirae Asset Mutual Fund. Mirae Asset NYSE FANG+ETF FoF and Mirae Asset S&P 500 Top 50 ETF FoF gave 82.43% and 63.73% returns respectively in 2024.

EQUITY MUTUAL FUNDS: TOP 10 PERFORMERS IN 2024

Motilal Oswal Midcap Fund, the only mid-cap fund in the top 10 performers, gave a 60.52% return in the mentioned period. LIC MF Infra Fund, an infrastructure sector-based fund, offered a 52.52% return in the said period.

The next five schemes in the list were from Motilal Oswal Mutual Fund. Motilal Oswal ELSS Tax Saver Fund and Motilal Oswal Nasdaq 100 FOF posted a return of around 50.49% and 50.37% returns respectively in 2024.

Motilal Oswal Flexi Cap Fund and Motilal Oswal Small Cap Fund gave 50.23% and 49.29% returns respectively in the mentioned period. Motilal Oswal Large & Midcap Fund offered a 48.84% return in the same time period.

HDFC Defence Fund, the only active fund based on the defence sector, delivered a 48.75% return in 2024.

Around 455 equity mutual funds gave positive returns between 0.22% and 47.59% in the said period. Around seven funds gave negative returns in the same period. All the negative performers were from the international fund category.

We considered all equity mutual funds including sectoral and thematic funds. We considered regular and growth options. We calculated the performance from January 1, 2024 to December 17, 2024.

Note that the above exercise is not a recommendation. The exercise was done to find the top 10 equity mutual funds in 2024. One should not make investment or redemption decisions based on the above exercise.

One should always make investment decisions based on investment horizon, goals, and risk appetite.

(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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