Top10 Best Performing Mutual Funds In India - 2024 - DivineBring

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Do you also want to know which mutual fund has been the best-performing in India so far, what are their names, which company manages them, and how much annual return they provide? Let’s find out everything through this article.

Best Performing Mutual Funds

I have mentioned here mutual funds that have consistently delivered good returns over the last 10 years, meaning they are performing very well for their investors, and there is an expectation that they will continue to do so in the future.

1. Motilal Oswal Midcap Fund Direct-Growth

The Motilal Oswal Midcap Fund is an equity mutual fund, where investing involves higher risk, but the potential for returns is also equally high.
And yes, in this, you can invest through SIP starting from just 500 rupees, and lump sum investments can also be made with a minimum of 500 rupees.
This mutual fund has delivered an impressive return of 26.4% over the past 5 years and 35.3% over the last 3 years. Overall, it has provided an annual return of 23.8% to its investors so far.
If you invest in this fund, you will incur an Expense Ratio of 0.65%, and if you withdraw the money from the fund within 15 days, an Exit Load of 1% will be applied.
This fund has invested 96.8% of its total fund size (6,804.62 Cr) in equities and keeps 3.2% of the funds in cash.

2. Quant Infrastructure Fund Direct-Growth

It is an equity mutual fund, where investing involves higher risk, but the potential for returns is also equally high.
You can invest a minimum of 1000 rupees through SIP (Systematic Investment Plan) in this, and for lump-sum investment, you will need to invest a minimum of 5000 rupees.
This fund has delivered an impressive return of 31.96% over the past 5 years and 39.82% over the last 3 years. Additionally, it has provided an annual return of 18.6% to its investors so far.
Investing in this fund will incur an expense ratio of 0.77%. Additionally, if you withdraw funds within 3 months, there will be an exit load of 0.50%.
This fund has invested 97.6% of its total fund size (1,322 crore) in equity shares, 1.9% in debt, and only 0.5% of the funds are kept in cash.

3. Kotak Infrastructure and Economic Reform Fund Direct-Growth

There is an equity mutual fund, which carries a higher level of risk but also offers the potential for significant returns.
And yes, in this, you can invest through SIP starting from just 100 rupees, and lump sum investments can also be made with a minimum of 100 rupees.
This fund has delivered an impressive return of 24.1% over the past 5 years and 35.3% over the last 3 years. Additionally, it has provided an annual return of 18.7% to its investors so far.
Investing in this fund will incur an expense ratio of 0.75%, and if you withdraw money from the fund within 90 days, an exit load of 1% will be applicable.
This fund has invested 94.2% of its total fund size (1235.19 Cr) in equities and keeps 5.8% of the funds in cash.

4. Quant Small Cap Fund Direct Plan-Growth

The Quant Small Cap Fund is a small-cap equity mutual fund where the risk of losing money is relatively high. However, there is also a significant potential for the invested money to grow manifold.
And yes, you can invest in this fund through SIP with a minimum of 1,000 rupees, but for a lump-sum investment, the minimum amount is 5,000 rupees.
This mutual fund has delivered an impressive return of 34.56% over the last 5 years and 45.77% over the last 3 years. Additionally, it has provided an annual return of 19.2% to its investors so far.
Investing in this fund will incur an expense ratio of 0.77%, and if you withdraw money from the fund within one year, an exit load of 1% will be applicable.
This fund has invested 94.8% of its total fund size (13001.83 Cr) in equity, 0.7% in debt, and keeps 1.5% of the funds in cash.

5. Tata Small Cap Fund Direct-Growth

The Tata Small Cap Fund is a small-cap equity mutual fund where the risk of losing money is relatively high. However, there is also a significant potential for the invested money to grow manifold.
And yes, in this fund, you can invest a minimum of 100 rupees through SIP, but lump-sum investment is not supported yet.
This mutual fund has delivered an impressive return of 27.98% in the last 5 years, and 36.53% in the last 3 years. As of now, it has provided an annual return of 27.9% to its investors.
If you invest in this fund, you will incur an Expense Ratio of 0.31%, and if you withdraw money from the fund within one year, an Exit Load of more than 12% of your total investment will be charged at 1%.
This fund has invested 98.5% of its entire fund size (5,819 Cr), and it keeps 1.5% of the fund’s money in cash.

6. Aditya Birla Sun Life PSU Equity Fund Direct-Growth

This is an equity mutual fund. It has not completed a full 5 years since its launch, so investing in it involves some risk, but the potential returns could be quite good.
And yes, in this fund, you can invest a minimum of 500 rupees through SIP, and a lump-sum investment can be done with a minimum of 500 rupees.
In the last 3 years, this mutual fund has provided an impressive return of 41.09%, and as of now, it has given an annual return of 31.10% to its investors.
If you invest in this fund, you will incur an Expense Ratio of 0.67%, and there will be an Exit Load of 1% if you withdraw money from the fund within 30 days.
This fund has invested 91.2% of its entire fund size (1937 Cr) in equity, and it keeps 8.8% of the money in cash.

7. HDFC Retirement Savings Fund Equity Plan Direct-Growth

This is a solution-oriented mutual fund. Investing in it involves some risk, but it can offer good returns and help secure your retirement.
And yes, in this fund, you can invest through SIP starting from 100 rupees, and lump-sum investment can also be done with a minimum of 100 rupees.
In the last 5 years, this mutual fund has provided a remarkable return of 22.33%, and in the last 3 years, it has given a return of 27.51%. As of now, it has provided an annual return of 21.66% to its investors.
The Expense Ratio for investing in this fund is 0.70%, and there is no Exit Load for withdrawing money from the fund.
This fund has invested 89.8% of its total fund size (4,378 Cr) in equities, and it keeps 10.2% of the money in cash.
There is a lock-in period of 5 years for this fund.

8. ICICI Prudential Infrastructure Direct Growth

The ICICI Prudential Infrastructure Fund is an equity mutual fund where the risk is higher, but the growth potential is also equally high when investing in it.
And yes, you can start investing in it through SIP with a minimum of 100s rupees, but a lump-sum investment can be done starting from 5000 rupees.
This Mutual Fund has delivered an impressive return of 25.61% over the last 5 years and 39.66% over the last 3 years. Additionally, it has provided its investors with an annual return of 16.9% so far.
Investing in this fund will incur an Expense Ratio of 1.29%, and if you withdraw money from the fund within 15 days, an Exit Load of 1% will be applied.
This fund has invested 91.3% of its total fund size (3693 Cr) in equity, 6.6% in debt, and keeps 1.1% of the funds in cash.

9. Nippon India Power & Infra Fund Direct-Growth

The Nippon India Power & Infra Fund is an equity mutual fund, and investing in it carries a higher level of risk, consequently, the potential for returns to increase is also relatively high.
And yes, you can only invest in it through SIP with a minimum of 100 rupees, but lump-sum investment can be done starting from 5000 rupees.
This Mutual Fund has delivered an excellent return of 24.36% over the last 5 years and 36.71% over the last 3 years. As of now, it has provided an annual return of 15.53% to its investors.
On investing in this fund, you will incur an Expense Ratio of 1.27%, and if you withdraw money from the fund within one month, an Exit Load of 1% will be applicable.
This fund has invested 93.8% of its total fund size (3461 Cr) in equity and keeps 6.2% of the funds in cash.

10. Nippon India Growth Fund Direct-Growth

The Nippon India Growth Fund is an equity mutual fund. Investing in it involves higher risk, but the potential for returns is also equally high.
And yes, you can only invest through SIP with a minimum of 100 rupees and even lump-sum investment can be done starting from 100 rupees.
This mutual fund has delivered an excellent return of 25.6% over the last 5 years and 30.6% over the last 3 years. As of now, it has provided investors with an annual return of 19.2%.
Investing in this fund will incur an Expense Ratio of 0.83%, and if you withdraw money from the fund within one month, an Exit Load of 1% will be applied.
This fund has invested 98.6% of its total fund size (23,495 Cr) in equities and keeps 1.4% of the funds in cash.

Note – Until the year 2024, all these mutual funds have shown the best performance. Therefore, it is hoped that they will continue to perform well in the coming years of 2024 and beyond. You can invest in all these mutual funds.

What is the Best Performing Mutual Fund

Mutual funds that consistently provide returns of more than 15% annually, with very low expense ratios and exit loads, and allow investments of at least 100 rupees, are called best-performing mutual funds. These funds can sustain their growth even in major fluctuations in the stock market.

Best Performing Large Cap Mutual Funds

I have mentioned all the large-cap funds here that can be held for the long term and can provide better returns than the stock market.

Fund Name	Yearly Return %	Invest by SIP	Official Link
Nippon India Large Cap Fund	16.72%	yes, 100	Click Here
ICICI Prudential Bluechip Fund	16.10%	yes, 100	Click Here
Canara Robeco Bluechip Equity Fund	15.31%	yes, 100	Click Here
SBI Bluechip Direct Plan-Growth	15.84%	yes, 500	Click Here
Mirae Asset Large Cap Fund	16.85%	yes, 500	Click Here

Best Performing Mid-Cap Mutual Funds in India

Here, some mid-cap mutual funds have been mentioned that have been performing very well so far and are providing excellent annual returns to their investors.

Fund Name	Yearly Return %	Invest by SIP	Officil Link
Motilal Oswal Midcap Fund	23.87%	yes, 500	Click here
SBI Magnum Midcap Direct Plan	20.48%	yes, 500	Click here
HDFC Midcap Opportunites Direct Plan	21.61%	yes, 100	Click here
Quant Midcap Fund	19.05%	yes, 1000	Click here
Kotak Emerging Equity Fund	20.98%	yes, 100	Click here

Best Performing Small Cap Mutual Funds

Fund Name	Yearly Return %	Invest by SIP	Officil Link
Axis Small Cap Fund	25.28%	yes, 100	Click here
Tata Small Cap Fund	27.85%	yes, 100	Click here
Nippon India Small Cap Fund	27.10%	yes, 100	Click here
Kotak Small Cap Fund	21.21%	yes, 100	Click here
Quant Small Cap Fund	19.17%	yes, 1000	Click here

Top 5 Best Multi Cap Mutual Funds

Fund Name	Yearly Return %	Invest by SIP	Officil Link
SBI Multi Cap Fund	25.38%	yes, 500	Click here
Quant Active Fund	21.33%	yes, 1000	Click here
HDFC Mutlti Cap Fund	25.40%	yes, 100	Click here
Nippon India Multi Cap Fund	16.92%	yes, 100	Click here
Tata Multicap Fund	30.74%	yes, 150	Click here

Top 5 Best Performing Index Funds

Fund Name	Yearly Return %	Invest by SIP	Officil Link
UTI Nifty 50 Index Fund	13.29%	yes, 500	Click here
Bandhan Nifty 50 Index Fund	13.43%	yes, 100	Click here
ICICI Prudential Nifty 50 Index Direct Plan	13.37%	yes, 100	Click here
HDFC Index S&P BSE Sensex Direct Plan	13.61%	yes, 100	Click here
UTI Nifty Next 50 Index Fund	13.13%	yes, 500	Click here

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