Year-ender 2024: Pharma, healthcare mutual funds rule charts, offer 38% returns

With 2024 ending, mutual fund investors always look at how the equity mutual funds have performed in a given period but ETMutualFunds did some more data crunching and checked how the equity mutual fund categories have performed in 2024.

The analysis of performance showed that pharma and healthcare funds have offered the highest average return of around 38.05% in 2024. The category had 13 schemes and HDFC Pharma and Healthcare Fund gave the highest return of around 46.16%, followed by ICICI Pru Pharma Healthcare & Diagnostics (P.H.D) Fund which gave 43.02% return in the mentioned period. Nippon India Pharma Fund gave the lowest return of around 30.94% in the same period.



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Infrastructure funds gave an average return of around 31.68% in 2024. The category had 18 schemes and LIC MF Infra Fund gave 48.75% return in the said period, followed by Bandhan Infrastructure Fund which gave 42.27% return in the same period. UTI Infrastructure Fund gave the lowest return of around 22.93% in 2024.

The mid cap funds and PSU theme based funds gave an average return of 29.63% and 28.92% respectively. There were 29 mid cap funds and Motilal Oswal Midcap Fund gave the highest return of around 54.05%. HDFC Mid-Cap Opportunities Fund, the largest mid cap fund based on assets managed, offered 28.04% return in the mentioned period.

Invesco India PSU Equity Fund gave the highest return of around 32.65%, followed by ICICI Pru PSU Equity Fund which gave 31.61%. SBI PSU Fund and Aditya Birla SL PSU Equity Fund gave 30.21% and 21.22% returns respectively in 2024.

The energy and power sector based funds gave an average return of around 24.14%, followed by value funds which gave 23.46% average return in 2024.

ELSS or tax-saving mutual funds gave an average return of around 22.46% in 2024. Motilal Oswal ELSS Tax Saver Fund gave the highest return of around 43.97%, followed by HSBC ELSS Tax Saver Fund which gave 34.50% return in the mentioned period. Samco ELSS Tax Saver Fund gave the lowest return of 10.22% in the said period.

The large cap funds offered an average return of around 18.44% in 2024. Out of 30 schemes in the large cap category, WOC large Cap Fund offered the highest return of 23.91%. PGIM India Large Cap Fund gave the lowest return of around 12.01% in the said period.

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International funds gave an average return of around 17.30% in 2024. Out of 65 international funds in the mentioned period, Mirae Asset NYSE FANG + ETF FoF gave the highest return of 58.94%, followed by Mirae Asset S&P 500 Top 50 ETF FoF which gave 58.67% return in the said period. HSBC Brazil Fund lost the most at around 24.57% in 2024.

The MNC theme based and bank & financial services sector based funds gave an average return of around 15.66% and 14.54% in the same period.

We considered all equity mutual fund categories including sectoral and thematic funds. We considered regular and growth options. We considered only active mutual funds and excluded passive funds. We calculated the returns from January 1, 2024 to December 3, 2024.

Note, the above exercise is not a recommendation. The exercise was done to find how mutual fund categories performed in 2024. 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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