Mirae Asset NYSE FANG+ETF FoF, the topper in the list, offered 52.01% return in 2024. Motilal Oswal Midcap Fund gave 51.74% return in 2024, followed by Mirae Asset S&P 500 Top 50 ETF FoF which gave 50.29% return in the same period.
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LIC MF Infra Fund gave 46.22% return in the said period. The next two schemes in the list were from HDFC Mutual Fund. HDFC Defence Fund and HDFC Pharma and Healthcare Fund gave 45.26% and 45.01% returns respectively in the mentioned period.
Two schemes from Motilal Oswal Mutual Fund – Motilal Oswal Small Cap Fund and Motilal Oswal ELSS Tax Saver Fund gave 41.31% and 41.26% returns respectively in 2024. Two schemes from the healthcare sector – ITI Pharma & Healthcare Fund and SBI Healthcare Opp Fund – delivered 38.26% and 37.38% returns respectively in the said period.
Tata Small Cap Fund offered 32.98% return in 2024. Mirae Asset Hang Seng TECH ETF FoF delivered 32.39% return in the same period. Kotak Emerging Equity Fund, the second largest mid cap fund based on assets managed, gave 32.15% return in 2024. Two schemes from SBI Mutual Fund – SBI PSU Fund and SBI Long Term Equity Fund – offered 28.74% and 28.57% returns respectively in the mentioned period. Kotak Business Cycle Fund and SBI Technology Opportunities Fund offered 27.04% and 27% returns respectively.Quant Small Cap Fund offered 26.82% return in 2024. Two funds from Kotak Mutual Fund – Kotak Consumption Fund and Kotak Multicap Fund – posted a return of around 26.65% and 26.63% returns respectively in the said period.
The largest small cap fund based on assets managed, Nippon India Small Cap Fund, gave 26.50% return in 2024. HDFC Mid-Cap Opportunities Fund, the largest mid cap fund based on assets managed, posted a return of around 26.12% in the said period.
Kotak NASDAQ 100 FoF and Axis NASDAQ 100 FoF gave 25.17% and 25.16% returns respectively in the mentioned period. SBI Small Cap Fund posted a return of around 24.84% in 2024.
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ICICI Pru India Opp Fund and SBI Consumption Opp Fund gave 23.32% and 23.28% returns in the mentioned period.Parag Parikh Flexi Cap Fund, the largest flexi cap fund based on assets managed, gave 22.33% return in the same period.
Kotak International REIT FOF, DSP World Mining FoF, Franklin India Feeder – Templeton European Opportunities Fund gave the lowest positive return of 0.97%, 0.77%, and 0.52% in the same period.
Only five funds have offered negative returns in 2024. HSBC Brazil Fund lost the most of around 23.78% in 2024. Mahindra Manulife Asia Pacific REITs FOF and Invesco India – Invesco Pan European Equity FoF gave negative returns of around 7.28% and 3.97% respectively in the same period.
Mirae Asset Global Electric & Autonomous Vehicles ETFs FoF and DSP Global Clean Energy FoF lost 3.69% and 2.58% in 2024.
We considered all equity categories including sectoral and thematic funds. We considered regular and growth options. We calculated the returns from January 1, 2024 to November 30, 2024.
Note, the above exercise is not a recommendation. The exercise was done to find how equity mutual funds performed in 2024. One should not make investment or redemption based on the above exercise. One should always consider risk appetite, investment horizon, and goals before making any investment decisions.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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