Highest Returning Mutual Fund 2024:- If you want to invest your money in mutual funds, then you must know which fund can give you good profits in the future and which mutual fund you will get by investing in. You may have to take greater risks.
Today, through this article, we will try to share with you the list of mutual funds giving the highest returns in 2024, with the help of which you will get a better idea as to which mutual fund by investing you can get good profits. If you want to know about those mutual funds in detail then read this article till the end.
Highest return giving mutual fund 2024
If we look at different categories, we can find many such mutual funds, which have been successful in giving very good returns to their investors in the last few years. The highest return-giving mutual funds mentioned below are found in all different categories, which have the potential to give you excellent returns in the future as well.
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ICICI Prudential Technology Direct Plan
ICICI Prudential Technology Direct Plan is at the top of our list of highest return-giving mutual funds in 2024. This fund is a large category fund that invests more than 90 percent of its amount in equity.
For those people who feel that there is a possibility of growth in the technology and IT sector in the coming days, this mutual fund can be a good option for them because most of the money in this mutual fund is in the stocks of technology-related companies. Only investment takes place.
According to the data, ICICI Prudential Technology Direct Mutual Fund invests about 75 percent of its fund in the stocks of IT sector companies, and 5 percent of the fund is also invested in the telecom sector. To invest in this fund, you will have to make a minimum SIP of Rs 1000 and a Lump Sum amount of Rs 5000.
Basic Details:-
| Fund House Name | ICICI Prudential Mutual Fund |
| Launch Date | Jan 01, 2013 |
| Benchmark | S&P BSE Tech Total Return Index |
| AUM | 12,224.12 Cr. |
| Expense Ratio | 0.99% |
Tata Digital India Fund
The second highest returning mutual fund in our list in 2024, Tata Digital India Fund is a large cap category equity fund. Talking about this mutual fund, the fund manager has invested about 24 percent of his fund in Infosys Ltd, while 10 percent of his fund is invested in TCS stock.
Along with that, Tata Digital India Fund has invested its money in many companies of the digital sector, due to which, as the digital segment grows in the coming times, this mutual fund will also definitely see its benefits.
To do minimum SIP in Tata Digital India Fund, you need Rs 150 and if we talk about minimum Lump Sum amount then it can be started from Rs 10000.
Basic Details:-
| Fund House Name | Tata Mutual Fund |
| Launch Date | Dec 28, 2015 |
| Benchmark | Nifty IT Total Return Index |
| AUM | 10,068.22 Cr. |
| Expense Ratio | 0.31% |
Axis Growth Opportunity Mutual Fund
The list of highest return-giving mutual funds in 2024 is at number four, a large-mid cap mutual fund that invests its money in the stocks of the top 300 companies of the country. The most special thing about this mutual fund is that it not only invests its money in Indian equities but this mutual fund also invests its money in foreign equities.
If we look at the data of this mutual fund, it is known that this mutual fund invests about 25 percent of its total fund in foreign equity only, hence if you want to take advantage of foreign equity also, then you can invest your money in this mutual fund. Can.
Axis Growth Opportunity Mutual Fund tries to invest its maximum funds in the stocks of companies related to technology, finance, chemical, and healthcare sectors.
As we mentioned above, this mutual fund also invests 25% of its fund in the stocks of big foreign companies like Microsoft Corporation, Amazon, Facebook, Adobe Systems, Nestle, etc.
If we talk about the minimum SIP amount of Axis Growth Opportunity Mutual Fund, is around Rs 1000, while if we talk about the Lump Sum amount, it is Rs 5000 thousand.
Basic Details:-
| Fund House Name | Axis Mutual Fund |
| Launch Date | 25 Oct, 2018 |
| Benchmark | Nifty Large Midcap 250 Total Return Index |
| AUM | 11,310.89 Cr. |
| Expense Ratio | 0.58% |
SIP in Mutual Funds giving higher returns or Lump Sum
To earn better returns in the long run and to avoid market fluctuations, investing every month through SIP seems to be a better option in mutual funds. Along with that, if you want, whenever there is a big fall in the market, then along with SIP, you should also invest a small amount in Lump Sum. Due to this, whenever the market goes up, your investment amount will be at a lower price in the long run. You are going to see very good returns.
Also Check: Best 5G Technology Stocks to Invest in India
Highest Return Giving Mutual Funds 2024 List
| SL No. | Mutual Funds | Fund Size |
|---|---|---|
| 1 | ICICI prudential Technology Direct Plan | Rs 12,224.12 Cr. |
| 2 | Tata Digital India Fund | Rs 10,068.22 Cr. |
| 3 | Aditya Birla Sun Life Digital India Fund | Rs 4,813.54 Cr. |
| 4 | Axis Growth Opportunity Mutual Fund | Rs 11,310.89 Cr. |
| 5 | Mirae Asset Emerging BlueChip Fund | Rs 33,711.38 Cr |
| 6 | Axis Small Cap Fund | Rs 19,606.42 Cr. |
My Opinion
There is no doubt that a good mutual fund can give you very good returns in the long run, but there is some risk involved in it too. Instead of keeping your money in the bank, if you invest it in a good mutual fund or the mutual funds mentioned above, then you have every chance of getting a better return in the long run. But remember, before making any investment decision, do not forget to do your own analysis.
