Top Return Mutual Fund: Top 3 Mutual Funds For SIP

Top Return Mutual Fund

An investor can choose from thousands of mutual funds available in India. It is difficult to choose the top return Mutual Fund though. Therefore, you should consider your risk tolerance and the duration of your objectives when searching for the finest mutual fund. Your goals and capacity to take risks make up your risk profile. Another crucial element is the time horizon of your objectives, or the amount of time you want to keep an investment for a certain goal. The top 3 mutual funds for SIP will be discussed in this blog.

High Return Mutual Funds (Best Return Mutual Fund)

The best performing funds or high return mutual funds of 2024 that have given the highest return in their category (Not a buy or sell recommendation/advice) are-

1. Mirae Asset NYSE FANG+ETF FoF

Mirae Asset NYSE FANG ETF FoF Direct-Growth is an International Index mutual fund from Mirae Asset MF that comes under the ETF Fund category with an AUM of Rs.1,694 Cr as of 30 Sep 2024.

This fund has been among the top performing mutual funds in India (Not a buy or sell recommendation/advice). The latest Net Asset Value (NAV) of Mirae Asset NYSE FANG+ ETF FoF Direct-Growth is Rs.28.18 as of 23/12/2024. The Expense ratio for the fund is 0.07%, which is less than what other International Index funds charge. Returns of the fund over the last 1 year are 82.17%. Since its inception, this fund offered an average annual return of 33.09%. The return on the invested capital doubles every 2 years.

The fund invests most of its assets in Unclassified sectors and has reduced exposure to those sectors compared to other funds within the same category.

Objective: The plan invests primarily in Mirae Asset NYSE FANG+ ETF units to generate long-term financial capital.

Return Outperformance: Over the past 3 years, this fund has produced the highest return among international index funds.

Expense Ratio: Among actively and passively managed international index funds, this product has the second-lowest expense ratio.

Return/Risk: The fund is underperforming.

Exit Load: If redeemed within three months, there will be an exit load of 0.5%.

 

Asset Allocation

 

Top 3 Stock Holdings

Stock holdings bifurcation is not available for this fund.

2. LIC MF Infrastructure Fund

LIC MF Infrastructure Fund Direct-Growth from LIC Mutual Fund refers to a Sectoral-Infrastructure type of mutual fund. This fund has a Rs.852 Cr AUM. With an expense ratio of 1.06% which is almost parallel with what most other Sectoral-infrastructure funds charge the LIC MF Infrastructure Fund Direct NAV is Rs.57.96 as of Dec 23, 2024.

This fund can be considered among the best mutual funds to invest in 2024. (Not a buy or sell recommendation/advice).

Objective: To invest in equity and equity-related securities of companies that are either directly or indirectly involved in the infrastructure industry.

Return Outperformance: Over the past ten years, this product has produced the highest return among sectoral infrastructure funds.

Return/Risk: This fund generates 20% higher returns for each unit of risk it assumes.

Exit Load: 1% if redeemed within 90 days.

 

Asset Allocation

 

Top 3 Stock Holdings

 

3. Motilal Oswal Midcap Fund

Motilal Oswal Mutual Fund House launched Motilal Oswal Midcap Fund Direct-Growth. The Motilal Oswal Midcap Fund Direct-Growth latest NAV as of December 23, 2024, is Rs.125.84.

In its category, this fund is the top-return mutual fund. (Not a buy or sell recommendation/advice). This is available in SIP plans also. With its performance and returns it is among the best sip plans for 3 years.

Objective: By investing in reputable mid-cap companies with sustained competitive advantages and development prospects, the program aims to achieve long-term capital appreciation.

Return Consistency: This fund is one of the best at generating consistent returns in its field.

Return Outperformance: Among mid-cap funds, this scheme has generated the highest return over the last 10 years.

Protection Against Volatility: performing worse than others in its class.

Return/Risk: Compared to its category, the fund is underperforming.

Exit Load: 1%, if redeemed within 12 months.

 

Asset Allocation

 

Top 3 Stock Holdings

Conclusion

This blog post tells you about some of the best performing mutual funds in India in 2024 or the top 3 mutual funds in India. The best recorded high returns International exposure made is Mirae Asset NYSE FANG+ ETF FoF. For long-term wealth-building option for mid-cap investors is the Motilal Oswal Midcap Fund. The LIC MF Infrastructure Fund appears to be an excellent option for future infrastructure development. 

Before selecting any scheme, always consider expense ratio and risks in mind along with exit loads. A mix of investments in several different funds can only partially balance risk and reward. Talk to an advisor, if need be, to make sure you have the right investment alignment with your goals.

 

Disclaimer: Not a buy or sell recommendation/advice. No investment advice is given. Past returns are not a guarantee of future returns. This content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions.