2024 Mutual Fund Performance: Top funds with best 1-yr returns revealed

Motilal Oswal Midcap Fund-Reg(G) has emerged as the top performing mutual fund with a one-year return of 66.11 per cent, as per data analysed by PL Wealth, the wealth management arm of Prabhudas Liladhar. Following closely is Bandhan Small Cap Fund-Reg(G), which delivered 67.79 per cent returns over the same period, making it the best-performing small-cap fund.

 

In the Large Cap category, Quant Large Cap Fund-Reg(G) stood out with a strong 42.11% return, while Quant Value Fund-Reg(G) excelled in the Value-Contra-Dividend Yield category, posting 61.58% returns.

 

In the Large and Mid Cap segment, Motilal Oswal Large & Midcap Fund-Reg(G) delivered a remarkable 58.60% return, showcasing its ability to blend stability with growth potential.

 

Across other categories, JM Flexicap Fund-Reg(G), Axis Multicap Fund-Reg(G), and Invesco India Focused Fund-Reg(G) also posted notable returns.

 

Key Highlights:

• Motilal Oswal Midcap Fund-Reg(G) leads the pack with an outstanding 1-year return of 66.11%, followed closely by Bandhan Small Cap Fund-Reg(G), which posted 67.79% returns in the same period.
• Quant Large Cap Fund-Reg(G) was the top performer in the Large Cap category with a return of 42.11%, while Quant Value Fund-Reg(G) topped the Value-Contra-Dividend Yield category with 61.58%.
• Motilal Oswal Large & Midcap Fund-Reg(G) emerged as a standout in the Large and Mid Cap segment, delivering  58.60% return.

 

Best Performing Funds by Category:

Large Cap Funds:

• Quant Large Cap Fund-Reg(G): 42.11% return
• DSP Top 100 Equity Fund-Reg(G): 39.53% return
• Baroda BNP Paribas Large Cap Fund-Reg(G): 39.07% return

 

Large & Mid Cap Funds:

• Motilal Oswal Large & Midcap Fund-Reg(G): 58.60% return
• Invesco India Large & Mid Cap Fund(G): 52.58% return
• Bandhan Core Equity Fund-Reg(G): 49.78% return

 

Flexi Cap Funds:

• JM Flexicap Fund-Reg(G): 54.84% return
• Bank of India Flexi Cap Fund-Reg(G): 53.88% return
• Motilal Oswal Flexi Cap Fund-Reg(G): 53.04% return

 

Mid Cap Funds:

• Motilal Oswal Midcap Fund-Reg(G): 66.11% return
• Edelweiss Mid Cap Fund-Reg(G): 57.32% return
• ITI Mid Cap Fund-Reg(G): 55.17% return

 

Small Cap Funds:

 

• Bandhan Small Cap Fund-Reg(G): 67.79% return
• ITI Small Cap Fund-Reg(G): 54.89% return
• Quant Small Cap Fund(G): 51.79% return

 

Focused Funds:

• Invesco India Focused Fund-Reg(G): 65.24% return
• ICICI Pru Focused Equity Fund(G): 47.39% return
• Bandhan Focused Equity Fund-Reg(G): 46.94% return

 

Value-Contra-Dividend Yield Funds:

 

• Quant Value Fund-Reg(G): 61.58% return
• Invesco India Contra Fund(G): 50.71% return
• UTI Dividend Yield Fund-Reg(G): 49.09% return

 

Equity Linked Savings Schemes (ELSS):

 

• Motilal Oswal ELSS Tax Saver Fund-Reg(G): 64.40% return
• SBI Long Term Equity Fund-Reg(G): 51.50% return
• HSBC ELSS Tax Saver Fund-Reg(G): 48.27% return

 

Benchmark Comparison:

• The Nifty 50 - TRI, a key benchmark index, posted a 1-year return of 28.39%.
• The Nifty 500 - TRI delivered 36.33% over the same period, while the Nifty Midcap 150 - TRI rose by 44.15%, and the Nifty Smallcap 250 - TRI gained 48.57%.