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2024’s Winning Picks: The Best Mutual Funds for Investors

Investing in mutual funds has become the talk of the town! And why shouldn’t it be? With higher returns than traditional options like bank fixed deposits, mutual funds have been giving investors an adrenaline rush with their outstanding performance over the last twenty years. Many investors have made a fortune by investing in mutual funds, and you could be next!

Quant Small Cap Fund

The higher the risk, the higher the return. This fund has seen significant returns: 55% in the last year, 30.80% over three years, 27% annually over five years, and 23% annually over ten years.

ICICI Prudential Multicap Fund

Over the past year, this fund gained approximately 49.32%. Over three years, it averaged an impressive 23.66% yearly return. Its five-year average return was about 21%. And over the long haul of ten years, it delivered annual returns exceeding 18%. You can raise a big fund by investing small amounts every month.

HDFC Mid-Cap Opportunities Fund

This midcap fund has performed well. In one year, it gave a return of about 54.59%. Over three years, it averaged a return of 25%, and over five years, it averaged around 22% per year. Looking at the longer term, over ten years, it averaged a return of 20.17% per year.

Investing directly in the stock market can give higher returns, but it comes with more risk. If you’re new to investing, you might lose a lot of money. That’s why it’s suggested to start with mutual funds. They’re managed by experts who can help minimize the risks. Mutual fund investments are subject to market risks, read all scheme-related documents carefully.

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