Best Mutual Funds to Invest in 2024
FundsIndia's Select Funds is a list of mutual funds that we think are most investment worthy for a regular investor. These funds have been selected in a completely unbiased manner taking into account various factors - both quantitative measures and qualitative assessments. Funds showcased here are those that are consistently top quartile performers in their categories. Different time and assessment criteria were used for debt and equity funds. However, they have all delivered superior risk adjusted rolling returns beating their benchmarks while keeping within their investment mandates.
Equity funds - Growth at Reasonable Price
An investment strategy that combines tenets of both Quality and Value style of investing by finding companies that show consistent earnings growth but don't sell at overly high valuations. Minimum timeframe: 5 years.
| SCHEME NAME | FUNDSINDIA RATING | 1 YEAR | 3 YEARS | 5 YEARS |
|---|---|---|---|---|
| Parag Parikh Flexi Cap Fund-Reg(G) |  |
25.19 % | 17.36 % | 24.64 % |
| Mirae Asset Large & Midcap Fund-Reg(G) | |
20.29 % | 15.58 % | 20.37 % |
| HDFC Flexi Cap Fund(G) | |
26.26 % | 25.57 % | 22.41 % |
Equity funds - Quality
Investing in firms that have strong fundamental qualities such as high earnings growth, high return on capital, low debt etc. Given the higher quality profile of companies, usually the valuations are on the higher side. Minimum timeframe: 5 years.
| SCHEME NAME | FUNDSINDIA RATING | 1 YEAR | 3 YEARS | 5 YEARS |
|---|---|---|---|---|
| UTI Flexi Cap Fund-Reg(G) | |
17.92 % | 7.85 % | 16.02 % |
| DSP Quant Fund-Reg(G) | |
13.36 % | 8.83 % | 14.24 % |