22 equity mutual funds offer over 30% returns in 2024. Have you added any of these to your portfolio?

A performance analysis revealed that around 22 equity mutual funds offered over 30% returns in 2024. There were 263 equity mutual funds in the market during the mentioned period.

Motilal Oswal Midcap Fund has ruled the returns chart and gained 44.34% in 2024 so far. Bandhan Small Cap Fund offered 42.69% returns in the same period. Motilal Oswal ELSS Tax Saver Fund, an ELSS or tax-saving fund, posted a return of 39.46% in said period.



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Invesco India Focused Fund gave 38.53% returns in the mentioned period. Motilal Oswal Large & Midcap Fund gave 36.93% in 2024. Tata Small Cap Fund delivered 36.63% returns.

Two schemes from Motilal Oswal Mutual Fund — Motilal Oswal Small Cap Fund and Motilal Oswal Flexi Cap Fund — gave 35.78% and 35.56% returns, respectively, in the said period. LIC MF Small Cap Fund in the same period gave 34.91% returns.

The next three schemes in the list were mid cap funds. JM Midcap Fund, Invesco India Midcap Fund, and Edelweiss Mid Cap Fund offered 34.84%, 34.50%, and 34.20% returns respectively in this year so far.

Two schemes from Invesco Mutual Fund — Invesco India Large & Mid Cap Fund and Invesco India Smallcap Fund — gave 31.19% and 30.99% returns, respectively.

Two schemes from the smallcap category — Mahindra Manulife Small Cap Fund and ITI Small Cap Fund — offered 30.93% and 30.76% returns, respectively. Invesco India Contra Fund offered 30.01% returns in the same period.

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Kotak Emerging Equity Fund, the second largest midcap fund, offered 29.83% returns in this year so far. SBI Long Term Equity Fund, the oldest ELSS fund, posted a return of 29.41%. The largest small cap fund, Nippon India Small Cap Fund, offered 27.31% returns in 2024 so far.

Only three schemes offered single-digit returns. PGIM India Large Cap Fund delivered 9.10% in the said period. Two schemes from Samco Mutual Fund — Samco ELSS Tax Saver Fund and Samco Flexi Cap Fund — gave 8.21% and 1.37% returns, respectively.

We considered all equity categories such as largecap, midcap, smallcap, large & mid cap, flexicap, focused fund, ELSS, multicap, value and contra funds. We considered all regular and growth options. We calculated the performance from January 1 to November 5.

Note, the above exercise is not a recommendation. The exercise was done to find which equity mutual funds have offered more than 30% returns in 2024 so far. One should not make investment or redemption decisions based on the above exercise.

One should always consider risk appetite, investment horizon, and goals before making investment decisions.

(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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