Mutual Fund Show in 2024: In a way, the year 2024 has been in the name of the mutual fund industry. The asset under management (AUM) of open-ended mutual funds has increased by about 29 percent in the year 2024 to reach Rs 67.81 lakh crore by the end of November 2024. Whereas at the beginning of January 2024 it was Rs 52.44 lakh crore. Equity mutual funds have been the category leader in terms of AUM. The AUM of equity mutual funds increased by 35 percent this year to Rs 30.35 lakh crore by the end of November 2024, from Rs 22.50 lakh crore at the beginning of January 2024. October and November were the two consecutive months when SIP inflow crossed Rs 25,000 crore. This year there are at least 20 such equity funds which have given 45 to 70 percent returns.
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Returns: Top 20 Equity Funds of 2024
Mirae Asset S&P 500 Top 50 ETF FoF: 68%
Motilal Oswal Midcap Fund: 61.30%
LIC Mutual Fund Infrastructure Fund: 58%
Motilal Oswal Nasdaq 100 FOF : 57.20%
Motilal Oswal ELSS Tax Saver Fund: 55.74%
HDFC Defense Fund: 54%
Motilal Oswal Large and Midcap Fund: 53%
Bandhan Smallcap Fund: 52%
HDFC Pharma and Healthcare Fund: 51.58%
Invesco India Midcap Fund: 50%
Motilal Oswal Flexi Cap Fund: 50%
Invesco India Focused Fund: 50%
LIC Mutual Fund Healthcare Fund: 48%
Bandhan Infrastructure Fund: 47.32%
HSBC Midcap Fund: 47.32%
ICICI Pru Pharma Healthcare & Diagnostic Fund: 47.28%
SBI Long Term Advantage Sr V Fund: 46.51%
LIC Mutual Fund Smallcap Fund: 45.85%
ITI Pharma and Healthcare Fund: 45.82%
HSBC Large & Midcap Fund: 45.26%
Power of SIP: Despite weak rating, this scheme increased the money by 284 times, a corpus of Rs 2 crore created from SIP of Rs 1,000
Why is the craze for mutual funds increasing?
Talking about investing in mutual funds, the risk is less as compared to investing directly in the stock market. One of the biggest reasons for this is that mutual funds do not invest in a single stock or a single company. Their portfolio includes many stocks according to the category of that scheme. For example, if the fund belongs to largecap category, then the portfolio will contain many largecap stocks with strong fundamentals. The same thing applies to midcap and smallcap categories. Whereas if the fund belongs to multicap category, then its portfolio includes different stocks of each market cap.
This scheme of Nippon India topped its category, increased the money 19 times in 12 years, 28% annualized return on SIP
Mutual funds are better for investors who do not want to take the risk of investing directly in the stock market, but want higher returns. Investments in mutual funds are made under the supervision of competent and experienced fund managers. The fund manager includes shares in the portfolio of a mutual fund on the basis of his study or research. Their focus is on strong growth and profitable companies, so that the benefit can be seen in the form of growth in the stock.
(Fund Performance Source : value research)
(Note: There is no guarantee whether the past returns in any equity fund will continue or not. It may or may not continue in the future. There is risk in the market, so seek expert advice before investing.)
