Table of Contents
Best Lump sum Investment Large-Cap Equity Mutual Funds for 2024
Best Lump sum Investment Mid-Cap Equity Mutual Funds for 2024
Best Lump sum Investment Small-Cap Equity Mutual Funds for 2024
Best Lump sum (ELSS) Equity Linked Saving Schemes for 2024
Best Lump sum Sector Equity Mutual Funds for 2024
Tips for Making the Best Lump sum Mutual Funds Investments in 2024
Mutual fund schemes in India have experienced significant growth, contributing to the dynamic nature of the market. Consequently, the status of the Best Performing Mutual Funds is in constant flux. Various reputable rating systems, including CRISIL, ICRA and Morning Star, among others, have been established to evaluate and assess the performance of mutual fund schemes. These systems employ a comprehensive approach, considering both qualitative and quantitative factors such as returns, Standard Deviation, fund age, and more.
Investing in mutual funds has long been considered a prudent way to grow wealth over time, and 2024 is shaping up to be an exciting year for equity investors. Looking for the best mutual fund for lumpsum investment? Find out about the best-performing Lump sum investment equity mutual funds for 2024, which will help you in your investment journey.
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Best Lump sum Investment Large-Cap Equity Mutual Funds for 2024
Large-cap funds provide stability to a portfolio, making them ideal for investors with a lower risk appetite. Explore the top-performing Lump sum Large Cap Equity Mutual Funds for potential investments.
Nippon India Large Cap Fund Growth
With a Net Asset Value (NAV) of ₹66.0875, it showcases a 19.3% return over the past year.
HDFC Top 100 Fund Growth
With an NAV of ₹886.118, it exhibits a 17.3% one-year return.
IDBI India Top 100 Equity Fund Growth
Marked at ₹44.16, it boasts a 15.4% return.
ICICI Prudential Bluechip Fund Growth
With an NAV of ₹81.12, it presents a 16.4% one-year return.
TATA Large Cap Fund Growth
Priced at ₹385.098, it demonstrates an 11.7% return.
Read on: SIP Vs Lump sum Investment – Which Method Gives More Returns?
Best Lump sum Investment Mid-Cap Equity Mutual Funds for 2024
Mid-cap funds strike a balance between the growth potential of small-cap stocks and the stability of large-cap stocks. Discover the top-performing Lump sum Mid Cap Equity Mutual Funds for potential lump sum investments opportunity.
PGIM India Midcap Opportunities Fund Growth
With an NAV of ₹50.23, it presents a 12.6% return over the past year.
Motilal Oswal Midcap 30 Fund Growth
Priced at ₹66.2963, it showcases an impressive 30.5% one-year return.
Edelweiss Mid Cap Fund Growth
Marked at ₹67.012, it boasts a 26.7% return.
SBI Magnum Mid Cap Fund Growth
With an NAV of ₹184.801, it exhibits a 25.7% one-year return.
HDFC Mid-Cap Opportunities Fund Growth
Priced at ₹137.02, demonstrates a notable 35.2% return.
Best Lump sum Investment Small-Cap Equity Mutual Funds for 2024
Small-cap funds are known for their ability to deliver substantial returns over the long term, although they come with higher volatility. These have been the top 5 mutual funds for lumpsum investment 2023, and are likely to be at the top even in 2024.
Nippon India Small Cap Fund Growth
With a Net Asset Value (NAV) of ₹128.898, it has an impressive 38.8% return over the past year.
Kotak Small Cap Fund Growth
With an NAV of ₹205.229, it presents a 26% one-year return.
ICICI Prudential Smallcap Fund Growth
Marked at ₹69.67, it boasts a 28.7% return.
DSP BlackRock Small Cap Fund Growth
Priced at ₹153.424, it demonstrates a notable 36.7% one-year return.
SBI Small Cap Fund Growth
With an NAV of ₹136.945, it exhibits a 19.6% return.
All these funds, requiring a minimum investment of ₹5,000, offer valuable insights into potential returns and performance trends over various timeframes.
Best Lump sum (ELSS) Equity Linked Saving Schemes for 2024
Equity Linked Savings Schemes (ELSS) not only offer wealth-creation potential but also come with the added advantage of tax benefits under Section 80C of the Income Tax Act. These are the top Lump sum Equity Linked Saving Schemes (ELSS) for potential investments.
IDFC Tax Advantage (ELSS) Fund Growth
With an NAV of ₹121.049, it requires a minimum investment of ₹500 and has shown a notable 26.3% return over the past year.
HDFC Tax Saver Fund Growth
Boasting an NAV of ₹984.257, it mandates a minimum investment of ₹500 and presents a 19% one-year return.
SBI Magnum Tax Gain Fund Growth
Priced at ₹300.54, it requires a minimum investment of ₹500 and exhibits a 26.2% return over the past year.
Nippon India Tax Saver Fund (ELSS) Growth
With an NAV of ₹94.562, it requires a minimum investment of ₹500 and showcases a 16.1% return.
Franklin India Taxshield Growth
Marked at ₹1,084.86, it requires a minimum investment of ₹500 and demonstrates an 18.2% one-year return.
These ELSS funds offer valuable insights into potential returns and performance trends.
Best Lump sum Sector Equity Mutual Funds for 2024
Sectoral funds focus on specific industries, allowing investors to capitalize on trends within a particular sector. While sectoral funds carry higher risk due to their concentrated exposure, they also present the opportunity for significant returns. Take a look at the leading Lump sum Sector Equity Mutual Funds for potential investment opportunities.
IDFC Tax Advantage (ELSS) Fund Growth
With an NAV of ₹121.049, it presents an 18.5% return over the past year, requiring a minimum investment of ₹500.
HDFC Tax Saver Fund Growth
Featuring an NAV of ₹984.257, it showcases a 19% one-year return with a minimum investment of ₹500.
SBI Magnum Tax Gain Fund Growth
Marked at ₹300.54, it boasts a 26.2% return and requires a minimum investment of ₹500.
Nippon India Tax Saver Fund (ELSS) Growth
With an NAV of ₹94.562, it demonstrates a 16.1% return and a minimum investment of ₹500.
Franklin India Taxshield Growth
Priced at ₹1,084.86, it exhibits an 18.2% one-year return and a minimum investment of ₹500.
You can explore these funds for insights into potential returns and performance trends over different timeframes.
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Tips for Making the Best Lump sum Mutual Funds Investments in 2024
When choosing the best mutual funds, it is essential to consider both qualitative and quantitative factors. One key thing to look at is the size of the fund.
Strive for top mutual funds with a moderate size – neither too big nor too small. Extremely small or large funds can affect performance. Small funds may be risky because you might not know who the investors are. It is recommended that you choose a fund with a size similar to others in its category.
Also, check the Fund Age by looking at its performance over 4-5 years. Consistent returns during this time indicate a reliable track record, making it likelier to be good for investment.
Read on: Top Indian Mutual Funds: Which are the 5 Best Mutual Funds in India for 2024?
Conclusion
The funds aforementioned are indicative of the kind of options available in each category. However, thorough research and consultation with financial experts are essential before making any investment decisions. Keep in mind that past performance is not indicative of future results. Also, the dynamic nature of financial markets requires continuous monitoring and adjustment of your investment portfolio. With a strategic approach towards investment funds and a well-diversified portfolio, you can position yourself for potential success in the ever-evolving landscape of equity mutual funds. Happy investing!
